Can I retire at age 73 with 885,000?

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 $885,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$73,082$72,431$71,796$71,176$70,571$69,488
2 years$36,179$35,506$34,853$34,219$33,605$32,517
3 years$23,880$23,203$22,552$21,925$21,321$20,260
4 years$17,732$17,057$16,412$15,796$15,206$14,182
5 years$14,043$13,373$12,736$12,132$11,559$10,575
6 years$11,585$10,920$10,293$9,702$9,147$8,203
7 years$9,830$9,171$8,553$7,977$7,439$6,536
8 years$8,515$7,861$7,254$6,692$6,171$5,309
9 years$7,492$6,844$6,248$5,700$5,197$4,375
10 years$6,674$6,033$5,447$4,913$4,428$3,646
11 years$6,006$5,371$4,795$4,276$3,808$3,065
12 years$5,449$4,820$4,256$3,751$3,300$2,595
13 years$4,978$4,356$3,802$3,311$2,878$2,210
14 years$4,575$3,960$3,416$2,939$2,523$1,891
15 years$4,226$3,617$3,085$2,621$2,221$1,624
16 years$3,921$3,319$2,797$2,347$1,963$1,400
17 years$3,652$3,057$2,545$2,109$1,741$1,210
18 years$3,413$2,824$2,323$1,901$1,548$1,048
19 years$3,200$2,618$2,127$1,717$1,379$910
20 years$3,008$2,432$1,952$1,555$1,232$791
21 years$2,834$2,266$1,795$1,412$1,103$689
22 years$2,677$2,115$1,655$1,283$988$600
23 years$2,534$1,978$1,528$1,169$887$524
24 years$2,402$1,853$1,413$1,066$797$458
25 years$2,282$1,739$1,309$974$718$400
26 years$2,170$1,635$1,214$890$646$350
27 years$2,068$1,538$1,127$815$583$307
28 years$1,972$1,450$1,048$747$526$269
29 years$1,884$1,368$975$685$475$236
30 years$1,801$1,291$908$628$429$207
31 years$1,724$1,221$847$577$388$181
32 years$1,652$1,155$790$530$351$159
33 years$1,585$1,094$738$488$318$140
34 years$1,521$1,037$689$449$287$123
35 years$1,462$983$644$413$260$108
36 years$1,406$933$603$380$236$95
37 years$1,353$887$564$351$214$83
38 years$1,302$843$528$323$194$73
39 years$1,255$801$495$298$176$64
40 years$1,210$762$464$275$159$56
41 years$1,167$726$435$253$145$50
42 years$1,127$691$408$234$131$44
43 years$1,088$658$383$216$119$38
44 years$1,052$628$359$199$108$34
45 years$1,017$598$337$184$98$30
46 years$983$571$317$170$89$26
47 years$951$545$298$157$81$23
48 years$921$520$280$145$73$20
49 years$892$497$263$134$67$18
50 years$864$474$247$124$61$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $885,000, adding $5,899 every year, while hoping to spend $54,052 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: 46/44/10 Blend
72$885,000$885,000$885,000$885,000
73$981,355$934,450$920,732$1,023,494
74$1,023,942$922,727$894,066$1,041,483
75$1,069,062$908,618$864,695$1,054,938
76$1,116,915$891,949$832,471$1,068,306
77$1,167,721$872,536$797,240$1,081,598
78$1,221,722$850,183$758,840$1,094,829
79$1,279,180$824,685$717,104$1,108,020
80$1,340,383$795,821$671,854$1,121,198
81$1,405,647$763,361$622,905$1,134,397
82$1,475,317$727,059$570,066$1,147,660
83$1,549,771$686,657$513,136$1,161,037
84$1,629,425$641,880$451,903$1,174,592
85$1,714,733$592,439$386,148$1,188,398
86$1,806,194$538,028$315,643$1,202,543
87$1,904,356$478,321$240,147$1,217,132
88$2,009,820$412,978$159,412$1,232,284
89$2,123,244$341,637$73,174$1,248,141
90$2,245,353$263,915$0$1,264,865
91$2,376,941$179,409$0$1,284,656
92$2,518,882$87,693$0$1,314,179
93$2,672,135$0$0$1,345,898
94$2,837,754$0$0$1,385,785
95$3,016,898$0$0$1,474,935
96$3,210,839$0$0$1,571,535
97$3,420,979$0$0$1,676,292
98$3,648,855$0$0$1,789,984
99$3,896,162$0$0$1,913,468
100$4,164,760$0$0$2,047,687