Can I retire at age 73 with 842,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $842,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$69,532$68,912$68,308$67,718$67,142$65,867
2 years$34,422$33,781$33,159$32,557$31,973$30,693
3 years$22,720$22,076$21,456$20,859$20,285$19,041
4 years$16,870$16,228$15,615$15,028$14,467$13,268
5 years$13,361$12,723$12,118$11,543$10,998$9,847
6 years$11,023$10,389$9,793$9,231$8,702$7,601
7 years$9,353$8,725$8,138$7,589$7,077$6,026
8 years$8,101$7,479$6,902$6,367$5,871$4,869
9 years$7,128$6,512$5,944$5,423$4,944$3,992
10 years$6,350$5,740$5,182$4,675$4,213$3,308
11 years$5,714$5,110$4,562$4,068$3,623$2,765
12 years$5,184$4,586$4,049$3,568$3,140$2,328
13 years$4,736$4,145$3,618$3,150$2,738$1,971
14 years$4,353$3,767$3,250$2,797$2,400$1,676
15 years$4,021$3,442$2,935$2,494$2,113$1,430
16 years$3,730$3,158$2,661$2,233$1,868$1,225
17 years$3,474$2,908$2,421$2,006$1,656$1,052
18 years$3,247$2,687$2,210$1,808$1,472$905
19 years$3,044$2,490$2,023$1,634$1,312$781
20 years$2,862$2,314$1,857$1,480$1,172$674
21 years$2,697$2,156$1,708$1,343$1,049$583
22 years$2,547$2,012$1,574$1,221$940$505
23 years$2,411$1,882$1,453$1,112$844$438
24 years$2,286$1,763$1,344$1,014$759$380
25 years$2,171$1,655$1,245$926$683$330
26 years$2,065$1,555$1,155$847$615$286
27 years$1,967$1,464$1,072$775$554$249
28 years$1,877$1,379$997$710$500$217
29 years$1,792$1,301$928$651$452$188
30 years$1,714$1,229$864$598$408$164
31 years$1,641$1,162$806$549$369$143
32 years$1,572$1,099$752$505$334$124
33 years$1,508$1,041$702$464$302$108
34 years$1,448$986$656$427$274$94
35 years$1,391$936$613$393$248$82
36 years$1,337$888$573$362$224$72
37 years$1,287$843$537$333$203$63
38 years$1,239$802$503$307$184$55
39 years$1,194$762$471$283$167$48
40 years$1,151$725$441$261$152$41
41 years$1,111$690$414$241$138$36
42 years$1,072$657$388$223$125$32
43 years$1,035$626$364$205$113$27
44 years$1,000$597$342$190$103$24
45 years$967$569$321$175$93$21
46 years$935$543$302$162$85$18
47 years$905$518$283$150$77$16
48 years$876$495$266$138$70$14
49 years$849$473$250$128$64$12
50 years$822$451$235$118$58$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $842,000, adding $3,691 every year, while hoping to spend $38,705 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 60/29/11 Blend
72$842,000$842,000$842,000$842,000
73$931,691$887,065$874,014$984,950
74$985,542$889,350$862,112$1,023,456
75$1,043,588$890,449$848,514$1,060,727
76$1,106,217$890,264$833,122$1,100,437
77$1,173,854$888,689$815,834$1,142,823
78$1,246,966$885,614$796,543$1,188,149
79$1,326,067$880,919$775,138$1,236,705
80$1,411,721$874,480$751,500$1,288,813
81$1,504,549$866,162$725,509$1,344,830
82$1,605,235$855,825$697,034$1,405,149
83$1,714,527$843,320$665,944$1,470,206
84$1,833,253$828,486$632,097$1,540,482
85$1,962,320$811,157$595,347$1,616,511
86$2,102,726$791,154$555,541$1,698,882
87$2,255,573$768,288$512,520$1,788,246
88$2,422,068$742,361$466,116$1,885,324
89$2,603,543$713,161$416,155$1,990,910
90$2,801,463$680,464$362,455$2,105,887
91$3,017,440$644,035$304,825$2,231,225
92$3,253,248$603,622$243,066$2,368,001
93$3,510,843$558,963$176,972$2,517,402
94$3,792,373$509,776$106,325$2,680,740
95$4,100,207$455,768$30,899$2,859,467
96$4,436,953$396,625$0$3,055,183
97$4,805,480$332,017$0$3,275,479
98$5,208,949$261,596$0$3,520,739
99$5,650,841$184,994$0$3,789,520
100$6,134,990$101,822$0$4,084,240