Can I retire at age 73 with 874,000?

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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$72,174$71,531$70,904$70,292$69,694$69,024
2 years$35,730$35,064$34,419$33,794$33,188$32,512
3 years$23,583$22,915$22,272$21,652$21,056$20,396
4 years$17,511$16,845$16,208$15,599$15,017$14,379
5 years$13,869$13,207$12,578$11,982$11,416$10,800
6 years$11,441$10,784$10,165$9,582$9,033$8,441
7 years$9,708$9,057$8,447$7,878$7,346$6,779
8 years$8,409$7,763$7,164$6,608$6,094$5,551
9 years$7,399$6,759$6,170$5,629$5,132$4,612
10 years$6,591$5,958$5,379$4,852$4,373$3,877
11 years$5,931$5,304$4,736$4,223$3,761$3,288
12 years$5,381$4,761$4,203$3,704$3,259$2,808
13 years$4,916$4,302$3,755$3,270$2,842$2,413
14 years$4,518$3,911$3,374$2,903$2,491$2,084
15 years$4,174$3,572$3,046$2,589$2,194$1,807
16 years$3,872$3,278$2,762$2,318$1,939$1,573
17 years$3,607$3,019$2,513$2,083$1,719$1,373
18 years$3,371$2,789$2,294$1,877$1,528$1,201
19 years$3,160$2,585$2,100$1,696$1,362$1,053
20 years$2,970$2,402$1,927$1,536$1,217$925
21 years$2,799$2,238$1,773$1,394$1,089$814
22 years$2,644$2,089$1,634$1,268$976$717
23 years$2,502$1,953$1,509$1,154$876$633
24 years$2,372$1,830$1,395$1,053$788$559
25 years$2,253$1,718$1,292$962$709$494
26 years$2,144$1,614$1,199$879$638$437
27 years$2,042$1,519$1,113$805$576$387
28 years$1,948$1,432$1,035$737$519$343
29 years$1,861$1,351$963$676$469$304
30 years$1,779$1,275$897$620$424$270
31 years$1,703$1,206$836$570$383$239
32 years$1,632$1,141$780$524$346$213
33 years$1,565$1,080$728$482$314$189
34 years$1,503$1,024$681$443$284$168
35 years$1,444$971$636$408$257$149
36 years$1,388$922$595$376$233$132
37 years$1,336$876$557$346$211$118
38 years$1,286$832$522$319$191$105
39 years$1,239$791$489$294$174$93
40 years$1,195$753$458$271$157$83
41 years$1,153$717$430$250$143$74
42 years$1,113$682$403$231$130$66
43 years$1,075$650$378$213$118$58
44 years$1,038$620$355$197$107$52
45 years$1,004$591$333$182$97$46
46 years$971$564$313$168$88$41
47 years$940$538$294$155$80$37
48 years$910$514$276$143$73$33
49 years$881$490$260$133$66$29
50 years$853$469$244$123$60$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $874,000, adding $5,897 every year, while hoping to spend $36,037 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: 72/14/14 Blend
72$874,000$874,000$874,000$874,000
73$969,231$922,909$909,362$1,035,623
74$1,029,749$929,788$901,482$1,087,287
75$1,095,233$935,797$892,131$1,138,876
76$1,166,150$940,854$881,221$1,194,415
77$1,243,015$944,874$868,660$1,254,285
78$1,326,395$947,766$854,352$1,318,909
79$1,416,913$949,431$838,198$1,388,753
80$1,515,253$949,768$820,093$1,464,330
81$1,622,169$948,667$799,926$1,546,205
82$1,738,489$946,011$777,583$1,635,003
83$1,865,126$941,677$752,943$1,731,412
84$2,003,084$935,534$725,882$1,836,191
85$2,153,466$927,443$696,266$1,950,177
86$2,317,489$917,256$663,960$2,074,293
87$2,496,489$904,818$628,819$2,209,557
88$2,691,940$889,963$590,694$2,357,091
89$2,905,462$872,516$549,426$2,518,133
90$3,138,840$852,290$504,853$2,694,049
91$3,394,039$829,090$456,803$2,886,343
92$3,673,222$802,706$405,097$3,096,676
93$3,978,771$772,919$349,548$3,326,878
94$4,313,309$739,495$289,961$3,578,968
95$4,679,723$702,187$226,132$3,855,172
96$5,081,196$660,735$157,847$4,157,946
97$5,521,229$614,862$84,886$4,489,995
98$6,003,680$564,276$7,016$4,854,304
99$6,532,799$508,669$0$5,254,166
100$7,113,265$447,715$0$5,704,574