Can I retire at age 73 with 886,000?

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 $886,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$73,165$72,513$71,877$71,257$70,651$68,444
2 years$36,220$35,546$34,892$34,258$33,643$31,440
3 years$23,907$23,230$22,577$21,950$21,345$19,213
4 years$17,752$17,076$16,431$15,813$15,223$13,180
5 years$14,059$13,388$12,751$12,146$11,572$9,624
6 years$11,599$10,932$10,305$9,713$9,157$7,304
7 years$9,842$9,181$8,563$7,986$7,447$5,690
8 years$8,524$7,870$7,262$6,699$6,178$4,515
9 years$7,501$6,852$6,255$5,706$5,203$3,633
10 years$6,682$6,040$5,453$4,919$4,433$2,953
11 years$6,013$5,377$4,801$4,281$3,813$2,420
12 years$5,455$4,826$4,261$3,755$3,304$1,996
13 years$4,984$4,361$3,807$3,315$2,881$1,655
14 years$4,580$3,964$3,420$2,943$2,526$1,378
15 years$4,231$3,621$3,088$2,624$2,224$1,151
16 years$3,925$3,323$2,800$2,350$1,965$964
17 years$3,656$3,060$2,548$2,111$1,743$809
18 years$3,417$2,828$2,326$1,903$1,549$681
19 years$3,203$2,621$2,129$1,719$1,381$574
20 years$3,011$2,435$1,954$1,557$1,234$484
21 years$2,838$2,268$1,797$1,413$1,104$409
22 years$2,680$2,117$1,656$1,285$989$345
23 years$2,536$1,980$1,529$1,170$888$292
24 years$2,405$1,855$1,414$1,067$798$247
25 years$2,284$1,741$1,310$975$718$210
26 years$2,173$1,636$1,215$891$647$178
27 years$2,070$1,540$1,128$816$583$151
28 years$1,975$1,451$1,049$747$526$128
29 years$1,886$1,369$976$685$475$108
30 years$1,804$1,293$909$629$430$92
31 years$1,726$1,222$848$578$388$78
32 years$1,654$1,156$791$531$351$66
33 years$1,587$1,095$738$488$318$56
34 years$1,523$1,038$690$449$288$48
35 years$1,463$985$645$414$261$41
36 years$1,407$934$603$381$236$34
37 years$1,354$888$565$351$214$29
38 years$1,304$843$529$323$194$25
39 years$1,256$802$496$298$176$21
40 years$1,211$763$464$275$160$18
41 years$1,169$726$435$254$145$15
42 years$1,128$692$409$234$131$13
43 years$1,089$659$383$216$119$11
44 years$1,053$628$360$200$108$9
45 years$1,018$599$338$184$98$8
46 years$984$572$317$170$89$7
47 years$952$545$298$157$81$6
48 years$922$521$280$145$74$5
49 years$893$497$263$134$67$4
50 years$865$475$248$124$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $886,000, adding $3,732 every year, while hoping to spend $23,665 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: 36/43/21 Blend
72$886,000$886,000$886,000$886,000
73$980,222$933,264$919,531$1,009,161
74$1,055,025$953,814$925,155$1,051,210
75$1,136,665$974,578$930,176$1,094,105
76$1,225,814$995,542$934,546$1,139,930
77$1,323,212$1,016,689$938,219$1,188,960
78$1,429,675$1,038,002$941,144$1,241,501
79$1,546,099$1,059,461$943,269$1,297,888
80$1,673,472$1,081,045$944,540$1,358,491
81$1,812,881$1,102,732$944,897$1,423,719
82$1,965,525$1,124,496$944,281$1,494,024
83$2,132,722$1,146,310$942,628$1,569,901
84$2,315,925$1,168,144$939,871$1,651,899
85$2,516,733$1,189,966$935,940$1,740,624
86$2,736,907$1,211,743$930,762$1,836,743
87$2,978,389$1,233,435$924,260$1,940,991
88$3,243,315$1,255,003$916,352$2,054,182
89$3,534,038$1,276,404$906,956$2,177,212
90$3,853,153$1,297,591$895,981$2,311,067
91$4,203,514$1,318,512$883,337$2,456,840
92$4,588,269$1,339,116$868,925$2,615,733
93$5,010,882$1,359,342$852,644$2,789,072
94$5,475,173$1,379,130$834,387$2,978,321
95$5,985,346$1,398,413$814,045$3,185,095
96$6,546,035$1,417,119$791,499$3,411,175
97$7,162,345$1,435,173$766,629$3,658,526
98$7,839,901$1,452,493$739,308$3,929,313
99$8,584,898$1,468,992$709,401$4,225,928
100$9,404,161$1,484,577$676,770$4,551,006