Can I retire at age 73 with 866,000?

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 $866,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$71,513$70,876$70,255$69,648$69,056$68,736
2 years$35,403$34,743$34,104$33,485$32,884$32,561
3 years$23,367$22,705$22,068$21,454$20,863$20,547
4 years$17,351$16,691$16,060$15,456$14,880$14,573
5 years$13,742$13,086$12,463$11,872$11,311$11,015
6 years$11,337$10,685$10,072$9,494$8,950$8,665
7 years$9,619$8,974$8,370$7,806$7,279$7,004
8 years$8,332$7,692$7,098$6,548$6,039$5,775
9 years$7,331$6,697$6,114$5,577$5,085$4,832
10 years$6,531$5,903$5,330$4,808$4,333$4,091
11 years$5,877$5,255$4,693$4,184$3,726$3,495
12 years$5,332$4,717$4,165$3,670$3,229$3,008
13 years$4,871$4,263$3,721$3,240$2,816$2,605
14 years$4,477$3,875$3,343$2,876$2,468$2,267
15 years$4,135$3,540$3,018$2,565$2,173$1,982
16 years$3,837$3,248$2,737$2,297$1,921$1,739
17 years$3,574$2,991$2,490$2,064$1,703$1,530
18 years$3,340$2,764$2,273$1,860$1,514$1,350
19 years$3,131$2,561$2,081$1,680$1,350$1,194
20 years$2,943$2,380$1,910$1,522$1,206$1,058
21 years$2,774$2,217$1,757$1,381$1,079$940
22 years$2,620$2,070$1,619$1,256$967$835
23 years$2,479$1,936$1,495$1,144$868$744
24 years$2,351$1,814$1,383$1,043$780$663
25 years$2,233$1,702$1,281$953$702$592
26 years$2,124$1,599$1,188$871$632$528
27 years$2,023$1,505$1,103$797$570$472
28 years$1,930$1,418$1,025$731$515$423
29 years$1,843$1,338$954$670$465$378
30 years$1,763$1,264$889$615$420$339
31 years$1,687$1,195$828$565$380$304
32 years$1,617$1,130$773$519$343$272
33 years$1,551$1,070$722$477$311$244
34 years$1,489$1,015$674$439$281$219
35 years$1,430$962$630$404$255$197
36 years$1,375$913$590$372$231$176
37 years$1,323$867$552$343$209$158
38 years$1,274$824$517$316$190$142
39 years$1,228$784$484$291$172$128
40 years$1,184$746$454$269$156$115
41 years$1,142$710$426$248$142$103
42 years$1,103$676$399$229$128$93
43 years$1,065$644$375$211$117$83
44 years$1,029$614$352$195$106$75
45 years$995$586$330$180$96$67
46 years$962$559$310$166$87$61
47 years$931$533$291$154$79$55
48 years$901$509$274$142$72$49
49 years$873$486$257$131$65$44
50 years$846$464$242$121$59$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $866,000, adding $3,709 every year, while hoping to spend $28,014 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: 47/30/23 Blend
72$866,000$866,000$866,000$866,000
73$958,158$912,260$898,837$996,745
74$1,026,083$927,154$899,141$1,039,052
75$1,099,998$941,839$898,517$1,081,874
76$1,180,484$956,275$896,903$1,127,789
77$1,268,180$970,419$894,236$1,177,098
78$1,363,791$984,226$890,450$1,230,136
79$1,468,091$997,647$885,473$1,287,273
80$1,581,934$1,010,629$879,234$1,348,915
81$1,706,257$1,023,116$871,654$1,415,515
82$1,842,095$1,035,048$862,654$1,487,569
83$1,990,585$1,046,362$852,150$1,565,626
84$2,152,980$1,056,989$840,052$1,650,292
85$2,330,659$1,066,856$826,268$1,742,238
86$2,525,140$1,075,886$810,702$1,842,202
87$2,738,096$1,083,996$793,253$1,951,001
88$2,971,369$1,091,099$773,814$2,069,536
89$3,226,986$1,097,100$752,274$2,198,800
90$3,507,180$1,101,900$728,517$2,339,893
91$3,814,413$1,105,393$702,423$2,494,026
92$4,151,392$1,107,467$673,863$2,662,537
93$4,521,103$1,108,001$642,706$2,846,902
94$4,926,831$1,106,869$608,813$3,048,751
95$5,372,198$1,103,936$572,038$3,269,883
96$5,861,192$1,099,058$532,230$3,512,281
97$6,398,205$1,092,084$489,232$3,778,137
98$6,988,077$1,082,851$442,877$4,069,866
99$7,636,140$1,071,190$392,992$4,390,135
100$8,348,267$1,056,919$339,398$4,741,887