Can I retire at age 73 with 858,000?

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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$70,853$70,222$69,606$69,005$68,418$66,846
2 years$35,076$34,422$33,789$33,175$32,580$31,004
3 years$23,151$22,495$21,864$21,256$20,670$19,141
4 years$17,191$16,537$15,911$15,314$14,742$13,271
5 years$13,615$12,965$12,348$11,762$11,207$9,797
6 years$11,232$10,587$9,979$9,406$8,867$7,521
7 years$9,531$8,891$8,293$7,734$7,212$5,929
8 years$8,255$7,621$7,033$6,487$5,983$4,764
9 years$7,264$6,635$6,057$5,526$5,038$3,882
10 years$6,471$5,849$5,281$4,763$4,293$3,197
11 years$5,823$5,207$4,649$4,146$3,692$2,656
12 years$5,283$4,673$4,126$3,636$3,199$2,221
13 years$4,826$4,223$3,686$3,210$2,790$1,868
14 years$4,436$3,839$3,312$2,850$2,446$1,577
15 years$4,097$3,507$2,990$2,541$2,153$1,337
16 years$3,801$3,218$2,711$2,276$1,903$1,137
17 years$3,541$2,963$2,467$2,045$1,687$969
18 years$3,309$2,738$2,252$1,843$1,500$828
19 years$3,102$2,538$2,062$1,665$1,337$709
20 years$2,916$2,358$1,892$1,508$1,195$608
21 years$2,748$2,197$1,740$1,369$1,069$522
22 years$2,595$2,050$1,604$1,244$958$448
23 years$2,456$1,918$1,481$1,133$860$385
24 years$2,329$1,797$1,370$1,034$773$332
25 years$2,212$1,686$1,269$944$696$286
26 years$2,104$1,585$1,177$863$627$246
27 years$2,005$1,491$1,093$790$565$212
28 years$1,912$1,405$1,016$724$510$183
29 years$1,826$1,326$945$664$460$158
30 years$1,747$1,252$880$609$416$136
31 years$1,672$1,184$821$559$376$118
32 years$1,602$1,120$766$514$340$102
33 years$1,537$1,061$715$473$308$88
34 years$1,475$1,005$668$435$279$76
35 years$1,417$953$625$400$252$66
36 years$1,363$905$584$369$229$57
37 years$1,311$859$547$340$207$49
38 years$1,263$817$512$313$188$42
39 years$1,217$777$480$289$170$37
40 years$1,173$739$450$266$155$32
41 years$1,132$703$422$246$140$27
42 years$1,092$670$396$227$127$24
43 years$1,055$638$371$209$115$21
44 years$1,019$608$348$193$105$18
45 years$986$580$327$179$95$15
46 years$953$553$307$165$86$13
47 years$922$528$289$152$78$11
48 years$893$504$271$141$71$10
49 years$865$482$255$130$65$9
50 years$838$460$240$120$59$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $858,000, adding $6,370 every year, while hoping to spend $49,330 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: 62/32/6 Blend
72$858,000$858,000$858,000$858,000
73$952,087$906,613$893,314$1,009,698
74$996,713$898,550$870,753$1,040,862
75$1,044,237$888,439$845,783$1,068,524
76$1,094,904$876,127$818,271$1,097,441
77$1,148,980$861,452$788,079$1,127,732
78$1,206,756$844,244$755,060$1,159,530
79$1,268,555$824,322$719,064$1,192,985
80$1,334,726$801,492$679,931$1,228,262
81$1,405,655$775,552$637,496$1,265,546
82$1,481,764$746,287$591,585$1,305,042
83$1,563,518$713,469$542,017$1,346,981
84$1,651,425$676,857$488,602$1,391,618
85$1,746,044$636,196$431,144$1,439,236
86$1,847,989$591,218$369,436$1,490,152
87$1,957,933$541,637$303,261$1,544,718
88$2,076,618$487,153$232,395$1,603,324
89$2,204,855$427,446$156,603$1,666,405
90$2,343,541$362,181$75,640$1,734,445
91$2,493,656$291,002$0$1,807,979
92$2,656,283$213,534$0$1,888,293
93$2,832,607$129,382$0$1,980,572
94$3,023,937$38,125$0$2,080,719
95$3,231,708$0$0$2,189,568
96$3,457,500$0$0$2,329,409
97$3,703,052$0$0$2,496,144
98$3,970,276$0$0$2,677,654
99$4,261,277$0$0$2,875,375
100$4,578,370$0$0$3,090,888