Can I retire at age 73 with 853,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $853,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$70,440$69,813$69,200$68,603$68,019$67,619
2 years$34,871$34,222$33,592$32,982$32,390$31,986
3 years$23,017$22,364$21,737$21,132$20,550$20,155
4 years$17,090$16,440$15,819$15,224$14,656$14,273
5 years$13,536$12,889$12,276$11,694$11,141$10,772
6 years$11,167$10,525$9,921$9,352$8,816$8,460
7 years$9,475$8,839$8,244$7,688$7,170$6,827
8 years$8,207$7,577$6,992$6,450$5,948$5,619
9 years$7,221$6,597$6,022$5,494$5,009$4,694
10 years$6,433$5,815$5,250$4,736$4,268$3,967
11 years$5,789$5,177$4,622$4,121$3,671$3,382
12 years$5,252$4,646$4,102$3,615$3,181$2,906
13 years$4,798$4,199$3,665$3,192$2,774$2,512
14 years$4,410$3,817$3,293$2,833$2,431$2,182
15 years$4,073$3,487$2,973$2,527$2,141$1,903
16 years$3,779$3,199$2,696$2,262$1,892$1,667
17 years$3,520$2,946$2,453$2,033$1,678$1,464
18 years$3,290$2,722$2,239$1,832$1,492$1,289
19 years$3,084$2,523$2,050$1,655$1,330$1,137
20 years$2,899$2,344$1,881$1,499$1,188$1,006
21 years$2,732$2,184$1,730$1,361$1,063$891
22 years$2,580$2,038$1,595$1,237$953$790
23 years$2,442$1,907$1,472$1,127$855$702
24 years$2,315$1,786$1,362$1,028$769$625
25 years$2,199$1,676$1,261$938$692$556
26 years$2,092$1,575$1,170$858$623$495
27 years$1,993$1,483$1,086$785$562$442
28 years$1,901$1,397$1,010$720$507$394
29 years$1,816$1,318$940$660$458$352
30 years$1,736$1,245$875$606$414$315
31 years$1,662$1,177$816$556$374$281
32 years$1,593$1,113$761$511$338$252
33 years$1,528$1,054$711$470$306$225
34 years$1,466$999$664$432$277$201
35 years$1,409$948$621$398$251$180
36 years$1,355$900$581$367$227$161
37 years$1,304$854$544$338$206$145
38 years$1,255$812$509$311$187$130
39 years$1,210$772$477$287$169$116
40 years$1,166$735$447$265$154$104
41 years$1,125$699$419$244$139$93
42 years$1,086$666$393$225$127$84
43 years$1,049$635$369$208$115$75
44 years$1,013$605$346$192$104$67
45 years$980$577$325$177$95$60
46 years$948$550$306$164$86$54
47 years$917$525$287$151$78$49
48 years$888$501$270$140$71$44
49 years$860$479$254$129$64$39
50 years$833$457$238$120$58$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $853,000, adding $5,946 every year, while hoping to spend $51,909 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: 45/44/11 Blend
72$853,000$853,000$853,000$853,000
73$946,139$900,930$887,709$985,507
74$987,415$889,845$862,216$1,002,326
75$1,031,160$876,477$834,130$1,014,780
76$1,077,574$860,659$803,308$1,027,120
77$1,126,870$842,215$769,603$1,039,353
78$1,179,285$820,958$732,859$1,051,492
79$1,235,077$796,690$692,914$1,063,557
80$1,294,528$769,201$649,600$1,075,572
81$1,357,948$738,270$602,740$1,087,567
82$1,425,674$703,661$552,147$1,099,580
83$1,498,079$665,126$497,631$1,111,661
84$1,575,570$622,404$438,988$1,123,866
85$1,658,592$575,216$376,008$1,136,266
86$1,747,635$523,268$308,471$1,148,942
87$1,843,237$466,251$236,147$1,161,991
88$1,945,986$403,836$158,797$1,175,528
89$2,056,530$335,678$76,170$1,189,685
90$2,175,579$261,409$0$1,204,616
91$2,303,913$180,643$0$1,221,908
92$2,442,390$92,973$0$1,249,988
93$2,591,951$0$0$1,280,174
94$2,753,632$0$0$1,313,755
95$2,928,568$0$0$1,398,876
96$3,118,011$0$0$1,491,138
97$3,323,336$0$0$1,591,224
98$3,546,052$0$0$1,699,879
99$3,787,824$0$0$1,817,928
100$4,050,479$0$0$1,946,274