Can I retire at age 73 with 892,000?

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 $892,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$73,661$73,004$72,364$71,739$71,129$70,299
2 years$36,466$35,786$35,128$34,490$33,871$33,035
3 years$24,069$23,387$22,730$22,098$21,489$20,674
4 years$17,872$17,192$16,542$15,920$15,326$14,538
5 years$14,154$13,479$12,837$12,228$11,651$10,891
6 years$11,677$11,006$10,374$9,779$9,219$8,489
7 years$9,908$9,243$8,621$8,040$7,497$6,798
8 years$8,582$7,923$7,311$6,745$6,220$5,551
9 years$7,551$6,898$6,297$5,745$5,238$4,599
10 years$6,727$6,081$5,490$4,952$4,463$3,854
11 years$6,053$5,413$4,833$4,310$3,838$3,258
12 years$5,492$4,859$4,290$3,780$3,326$2,774
13 years$5,018$4,391$3,832$3,337$2,901$2,376
14 years$4,611$3,991$3,443$2,963$2,543$2,045
15 years$4,259$3,646$3,109$2,642$2,239$1,768
16 years$3,952$3,345$2,819$2,366$1,979$1,533
17 years$3,681$3,081$2,565$2,126$1,754$1,333
18 years$3,440$2,847$2,341$1,916$1,560$1,162
19 years$3,225$2,638$2,143$1,731$1,390$1,016
20 years$3,032$2,452$1,967$1,568$1,242$889
21 years$2,857$2,284$1,809$1,423$1,111$779
22 years$2,698$2,132$1,668$1,294$996$684
23 years$2,554$1,994$1,540$1,178$894$601
24 years$2,421$1,868$1,424$1,075$804$529
25 years$2,300$1,753$1,319$981$723$466
26 years$2,188$1,648$1,223$897$651$411
27 years$2,084$1,551$1,136$821$587$362
28 years$1,988$1,461$1,056$752$530$320
29 years$1,899$1,378$983$690$479$282
30 years$1,816$1,302$915$633$432$249
31 years$1,738$1,231$853$582$391$220
32 years$1,666$1,164$796$535$354$195
33 years$1,597$1,103$743$492$320$172
34 years$1,534$1,045$695$452$290$152
35 years$1,473$991$649$416$262$135
36 years$1,417$941$607$383$238$119
37 years$1,363$894$569$353$216$106
38 years$1,313$849$532$326$195$94
39 years$1,265$807$499$300$177$83
40 years$1,220$768$468$277$161$73
41 years$1,176$731$438$255$146$65
42 years$1,136$696$411$236$132$58
43 years$1,097$664$386$218$120$51
44 years$1,060$633$362$201$109$45
45 years$1,025$603$340$186$99$40
46 years$991$575$319$171$90$35
47 years$959$549$300$158$82$31
48 years$928$524$282$146$74$28
49 years$899$501$265$135$67$25
50 years$871$478$249$125$61$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $892,000, adding $4,614 every year, while hoping to spend $59,140 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: 77/6/17 Blend
72$892,000$892,000$892,000$892,000
73$987,743$940,467$926,641$1,059,724
74$1,025,569$923,626$894,759$1,091,059
75$1,065,270$903,977$859,827$1,117,546
76$1,106,976$881,320$821,680$1,144,986
77$1,150,828$855,445$780,146$1,173,453
78$1,196,977$826,126$735,046$1,203,033
79$1,245,589$793,127$686,190$1,233,817
80$1,296,845$756,196$633,384$1,265,909
81$1,350,942$715,068$576,420$1,299,424
82$1,408,093$669,462$515,086$1,334,488
83$1,468,534$619,081$449,157$1,371,241
84$1,532,520$563,611$378,399$1,409,841
85$1,600,329$502,721$302,567$1,450,460
86$1,672,267$436,058$221,408$1,493,290
87$1,748,667$363,253$134,653$1,538,544
88$1,829,893$283,915$42,026$1,586,458
89$1,916,344$197,629$0$1,637,295
90$2,008,457$103,959$0$1,701,650
91$2,106,710$2,443$0$1,778,344
92$2,211,626$0$0$1,860,159
93$2,323,780$0$0$1,954,640
94$2,443,801$0$0$2,055,941
95$2,572,378$0$0$2,164,486
96$2,710,268$0$0$2,280,915
97$2,858,301$0$0$2,405,933
98$3,017,389$0$0$2,540,313
99$3,188,531$0$0$2,684,902
100$3,372,826$0$0$2,840,632