Can I retire at age 73 with 883,000?

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 $883,000?

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$72,917$72,268$71,634$71,016$70,412$69,997
2 years$36,098$35,425$34,774$34,142$33,529$33,111
3 years$23,826$23,151$22,501$21,875$21,272$20,864
4 years$17,691$17,018$16,375$15,760$15,172$14,775
5 years$14,012$13,343$12,708$12,105$11,533$11,150
6 years$11,559$10,895$10,270$9,681$9,126$8,757
7 years$9,808$9,150$8,534$7,959$7,422$7,067
8 years$8,496$7,843$7,238$6,677$6,157$5,817
9 years$7,475$6,829$6,234$5,687$5,185$4,859
10 years$6,659$6,019$5,435$4,902$4,418$4,106
11 years$5,992$5,359$4,785$4,266$3,800$3,501
12 years$5,437$4,810$4,246$3,742$3,293$3,008
13 years$4,967$4,346$3,794$3,304$2,871$2,600
14 years$4,565$3,951$3,409$2,933$2,517$2,259
15 years$4,216$3,609$3,078$2,615$2,216$1,970
16 years$3,912$3,311$2,790$2,342$1,959$1,725
17 years$3,644$3,050$2,539$2,104$1,737$1,515
18 years$3,405$2,818$2,318$1,896$1,544$1,334
19 years$3,192$2,612$2,122$1,713$1,376$1,177
20 years$3,001$2,427$1,947$1,552$1,229$1,041
21 years$2,828$2,261$1,791$1,408$1,100$922
22 years$2,671$2,110$1,651$1,281$986$818
23 years$2,528$1,974$1,524$1,166$885$727
24 years$2,397$1,849$1,410$1,064$796$647
25 years$2,277$1,735$1,306$971$716$576
26 years$2,166$1,631$1,211$888$645$513
27 years$2,063$1,535$1,124$813$581$457
28 years$1,968$1,446$1,045$745$525$408
29 years$1,880$1,364$973$683$474$365
30 years$1,797$1,289$906$627$428$326
31 years$1,721$1,218$845$576$387$291
32 years$1,649$1,153$788$529$350$260
33 years$1,581$1,092$736$487$317$233
34 years$1,518$1,034$688$448$287$208
35 years$1,459$981$643$412$260$187
36 years$1,402$931$601$380$235$167
37 years$1,349$885$563$350$213$150
38 years$1,299$841$527$322$193$134
39 years$1,252$799$494$297$175$120
40 years$1,207$761$463$274$159$108
41 years$1,165$724$434$253$144$97
42 years$1,124$689$407$233$131$87
43 years$1,086$657$382$215$119$78
44 years$1,049$626$359$199$108$70
45 years$1,014$597$337$184$98$62
46 years$981$570$316$170$89$56
47 years$949$544$297$157$81$50
48 years$919$519$279$145$73$45
49 years$890$496$262$134$67$40
50 years$862$473$247$124$60$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $883,000, adding $4,755 every year, while hoping to spend $44,069 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: 57/23/20 Blend
72$883,000$883,000$883,000$883,000
73$977,971$931,172$917,485$1,028,237
74$1,030,835$929,910$901,332$1,061,742
75$1,087,614$927,110$883,161$1,093,088
76$1,148,661$922,648$862,857$1,126,277
77$1,214,363$916,397$840,301$1,161,496
78$1,285,146$908,218$815,369$1,198,954
79$1,361,477$897,967$787,930$1,238,883
80$1,443,868$885,488$757,847$1,281,539
81$1,532,885$870,619$724,976$1,327,207
82$1,629,146$853,186$689,170$1,376,205
83$1,733,332$833,006$650,271$1,428,883
84$1,846,193$809,885$608,116$1,485,633
85$1,968,552$783,616$562,535$1,546,885
86$2,101,314$753,983$513,350$1,613,120
87$2,245,475$720,755$460,374$1,684,870
88$2,402,130$683,688$403,413$1,762,722
89$2,572,483$642,525$342,263$1,847,330
90$2,757,861$596,993$276,713$1,939,418
91$2,959,721$546,804$206,541$2,039,785
92$3,179,669$491,653$131,516$2,149,319
93$3,419,469$431,219$51,397$2,269,003
94$3,681,067$365,161$0$2,399,922
95$3,966,602$293,119$0$2,550,558
96$4,278,428$214,715$0$2,727,142
97$4,619,138$129,547$0$2,920,225
98$4,991,587$37,191$0$3,131,499
99$5,398,916$0$0$3,362,828
100$5,844,585$0$0$3,632,165