Can I retire at age 73 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$72,835$72,186$71,553$70,935$70,332$69,310
2 years$36,057$35,385$34,734$34,103$33,491$32,463
3 years$23,799$23,125$22,475$21,850$21,248$20,247
4 years$17,671$16,999$16,356$15,742$15,154$14,187
5 years$13,996$13,327$12,693$12,091$11,520$10,590
6 years$11,546$10,883$10,258$9,670$9,116$8,223
7 years$9,797$9,139$8,524$7,950$7,413$6,559
8 years$8,486$7,834$7,229$6,669$6,150$5,334
9 years$7,467$6,821$6,227$5,680$5,179$4,402
10 years$6,652$6,012$5,429$4,897$4,413$3,673
11 years$5,985$5,353$4,779$4,262$3,795$3,091
12 years$5,431$4,804$4,241$3,738$3,289$2,621
13 years$4,961$4,342$3,789$3,300$2,868$2,235
14 years$4,560$3,946$3,405$2,929$2,514$1,914
15 years$4,212$3,605$3,074$2,613$2,214$1,647
16 years$3,908$3,308$2,787$2,339$1,956$1,421
17 years$3,640$3,046$2,536$2,102$1,735$1,230
18 years$3,402$2,815$2,315$1,894$1,542$1,067
19 years$3,189$2,609$2,119$1,711$1,375$927
20 years$2,998$2,424$1,945$1,550$1,228$808
21 years$2,825$2,258$1,789$1,407$1,099$704
22 years$2,668$2,108$1,649$1,279$985$615
23 years$2,525$1,971$1,523$1,165$884$538
24 years$2,394$1,847$1,408$1,062$795$470
25 years$2,274$1,733$1,304$970$715$412
26 years$2,163$1,629$1,210$887$644$361
27 years$2,061$1,533$1,123$812$581$317
28 years$1,966$1,445$1,044$744$524$278
29 years$1,878$1,363$972$682$473$244
30 years$1,795$1,287$905$626$428$214
31 years$1,719$1,217$844$575$387$188
32 years$1,647$1,151$787$529$350$166
33 years$1,580$1,090$735$486$316$146
34 years$1,516$1,033$687$447$287$128
35 years$1,457$980$642$412$260$113
36 years$1,401$930$601$379$235$99
37 years$1,348$884$562$349$213$87
38 years$1,298$840$526$322$193$77
39 years$1,251$798$493$297$175$68
40 years$1,206$760$462$274$159$59
41 years$1,163$723$434$253$144$52
42 years$1,123$689$407$233$131$46
43 years$1,085$656$382$215$119$41
44 years$1,048$625$358$199$108$36
45 years$1,013$596$336$184$98$31
46 years$980$569$316$170$89$28
47 years$948$543$297$157$81$24
48 years$918$518$279$145$73$21
49 years$889$495$262$134$67$19
50 years$861$473$246$124$60$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $882,000, adding $2,939 every year, while hoping to spend $27,866 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: 45/31/24 Blend
72$882,000$882,000$882,000$882,000
73$974,996$928,250$914,579$1,012,000
74$1,044,796$944,085$915,568$1,054,268
75$1,120,782$959,762$915,656$1,097,134
76$1,203,555$975,243$914,784$1,143,066
77$1,293,778$990,490$912,889$1,192,364
78$1,392,178$1,005,459$909,906$1,245,359
79$1,499,557$1,020,104$905,765$1,302,417
80$1,616,799$1,034,376$900,395$1,363,942
81$1,744,874$1,048,222$893,720$1,430,379
82$1,884,853$1,061,586$885,661$1,502,222
83$2,037,912$1,074,408$876,135$1,580,014
84$2,205,349$1,086,624$865,056$1,664,355
85$2,388,591$1,098,165$852,331$1,755,910
86$2,589,210$1,108,958$837,867$1,855,410
87$2,808,937$1,118,924$821,563$1,963,663
88$3,049,678$1,127,982$803,315$2,081,562
89$3,313,534$1,136,041$783,014$2,210,093
90$3,602,815$1,143,008$760,546$2,350,343
91$3,920,069$1,148,782$735,791$2,503,513
92$4,268,101$1,153,257$708,625$2,670,928
93$4,649,999$1,156,319$678,916$2,854,051
94$5,069,168$1,157,847$646,529$3,054,497
95$5,529,355$1,157,714$611,320$3,274,047
96$6,034,690$1,155,783$573,140$3,514,668
97$6,589,722$1,151,909$531,833$3,778,531
98$7,199,460$1,145,940$487,236$4,068,029
99$7,869,426$1,137,712$439,180$4,385,806
100$8,605,701$1,127,053$387,485$4,734,776