Can I retire at age 73 with 865,000?

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 $865,000?

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$71,431$70,795$70,174$69,568$68,976$68,570
2 years$35,362$34,703$34,065$33,446$32,846$32,436
3 years$23,340$22,679$22,042$21,429$20,839$20,438
4 years$17,331$16,671$16,041$15,439$14,862$14,474
5 years$13,726$13,071$12,449$11,858$11,298$10,923
6 years$11,324$10,673$10,060$9,483$8,940$8,579
7 years$9,608$8,963$8,360$7,797$7,270$6,923
8 years$8,322$7,683$7,090$6,540$6,032$5,698
9 years$7,323$6,690$6,107$5,571$5,079$4,760
10 years$6,524$5,897$5,324$4,802$4,328$4,022
11 years$5,870$5,249$4,687$4,179$3,722$3,430
12 years$5,326$4,712$4,160$3,666$3,226$2,947
13 years$4,866$4,258$3,716$3,236$2,813$2,547
14 years$4,472$3,870$3,339$2,873$2,466$2,213
15 years$4,131$3,536$3,015$2,562$2,171$1,930
16 years$3,832$3,244$2,733$2,294$1,919$1,690
17 years$3,569$2,987$2,487$2,061$1,701$1,484
18 years$3,336$2,761$2,271$1,858$1,513$1,307
19 years$3,127$2,558$2,079$1,679$1,348$1,153
20 years$2,940$2,377$1,908$1,520$1,204$1,020
21 years$2,770$2,214$1,755$1,380$1,078$904
22 years$2,617$2,067$1,617$1,254$966$802
23 years$2,476$1,933$1,493$1,142$867$712
24 years$2,348$1,811$1,381$1,042$779$633
25 years$2,230$1,700$1,279$952$701$564
26 years$2,121$1,598$1,186$870$632$502
27 years$2,021$1,504$1,102$796$570$448
28 years$1,928$1,417$1,024$730$514$400
29 years$1,841$1,337$953$669$464$357
30 years$1,761$1,262$888$614$419$319
31 years$1,686$1,193$828$564$379$285
32 years$1,615$1,129$772$518$343$255
33 years$1,549$1,069$721$477$310$228
34 years$1,487$1,013$674$439$281$204
35 years$1,429$961$630$404$255$183
36 years$1,374$912$589$372$231$164
37 years$1,322$866$551$343$209$147
38 years$1,273$823$516$316$189$131
39 years$1,227$783$484$291$172$118
40 years$1,183$745$453$269$156$106
41 years$1,141$709$425$248$141$95
42 years$1,101$675$399$229$128$85
43 years$1,064$644$374$211$116$76
44 years$1,028$613$351$195$106$68
45 years$994$585$330$180$96$61
46 years$961$558$310$166$87$55
47 years$930$533$291$154$79$49
48 years$900$508$274$142$72$44
49 years$872$485$257$131$65$40
50 years$845$464$242$121$59$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $865,000, adding $3,157 every year, while hoping to spend $34,893 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: 57/13/30 Blend
72$865,000$865,000$865,000$865,000
73$956,486$910,641$897,234$1,002,936
74$1,016,922$918,137$890,165$1,042,740
75$1,082,353$924,830$881,691$1,082,212
76$1,153,251$930,645$871,726$1,124,539
77$1,230,137$935,501$860,182$1,170,010
78$1,313,581$939,311$846,969$1,218,943
79$1,404,213$941,984$831,989$1,271,692
80$1,502,724$943,422$815,142$1,328,645
81$1,609,874$943,522$796,321$1,390,233
82$1,726,501$942,174$775,417$1,456,934
83$1,853,524$939,261$752,315$1,529,274
84$1,991,958$934,660$726,892$1,607,836
85$2,142,918$928,238$699,022$1,693,262
86$2,307,631$919,856$668,574$1,786,264
87$2,487,447$909,367$635,410$1,887,627
88$2,683,855$896,614$599,384$1,998,220
89$2,898,490$881,431$560,346$2,119,002
90$3,133,157$863,642$518,138$2,251,031
91$3,389,838$843,060$472,595$2,395,479
92$3,670,720$819,488$423,545$2,553,637
93$3,978,208$792,717$370,808$2,726,933
94$4,314,951$762,526$314,197$2,916,943
95$4,683,868$728,682$253,514$3,125,407
96$5,088,171$690,936$188,555$3,354,245
97$5,531,400$649,027$119,107$3,605,579
98$6,017,451$602,677$44,945$3,881,751
99$6,550,617$551,595$0$4,185,344
100$7,135,627$495,470$0$4,530,159