Can I retire at age 73 with 833,000?

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 $833,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$68,788$68,176$67,578$66,994$66,425$65,004
2 years$34,054$33,419$32,805$32,209$31,631$30,206
3 years$22,477$21,840$21,227$20,637$20,068$18,684
4 years$16,690$16,055$15,448$14,867$14,313$12,980
5 years$13,218$12,587$11,988$11,420$10,880$9,603
6 years$10,905$10,278$9,688$9,132$8,609$7,388
7 years$9,253$8,632$8,051$7,508$7,002$5,838
8 years$8,015$7,399$6,828$6,298$5,808$4,701
9 years$7,052$6,442$5,881$5,365$4,892$3,840
10 years$6,282$5,678$5,127$4,625$4,168$3,170
11 years$5,653$5,055$4,514$4,025$3,584$2,640
12 years$5,129$4,537$4,006$3,530$3,106$2,214
13 years$4,686$4,100$3,579$3,117$2,709$1,867
14 years$4,306$3,727$3,216$2,767$2,374$1,581
15 years$3,978$3,405$2,903$2,467$2,091$1,344
16 years$3,691$3,124$2,632$2,209$1,848$1,146
17 years$3,437$2,877$2,395$1,985$1,638$980
18 years$3,213$2,658$2,187$1,789$1,457$840
19 years$3,012$2,464$2,002$1,616$1,298$721
20 years$2,831$2,289$1,837$1,464$1,160$620
21 years$2,668$2,133$1,690$1,329$1,038$533
22 years$2,520$1,991$1,557$1,208$930$460
23 years$2,385$1,862$1,438$1,100$835$397
24 years$2,261$1,744$1,330$1,003$751$343
25 years$2,148$1,637$1,232$916$675$296
26 years$2,043$1,539$1,142$838$608$256
27 years$1,946$1,448$1,061$767$549$221
28 years$1,857$1,364$986$703$495$192
29 years$1,773$1,287$918$644$447$166
30 years$1,696$1,216$855$591$404$144
31 years$1,623$1,149$797$543$365$125
32 years$1,555$1,087$744$499$330$108
33 years$1,492$1,030$694$459$299$94
34 years$1,432$976$649$422$271$81
35 years$1,376$926$606$389$245$70
36 years$1,323$879$567$358$222$61
37 years$1,273$834$531$330$201$53
38 years$1,226$793$497$304$182$46
39 years$1,181$754$466$280$165$40
40 years$1,139$717$437$259$150$35
41 years$1,099$683$409$239$136$30
42 years$1,061$650$384$220$124$26
43 years$1,024$620$360$203$112$23
44 years$990$591$338$188$102$20
45 years$957$563$318$173$92$17
46 years$925$537$298$160$84$15
47 years$895$513$280$148$76$13
48 years$867$490$263$137$69$11
49 years$839$467$248$126$63$10
50 years$813$447$233$117$57$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $833,000, adding $5,854 every year, while hoping to spend $30,418 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: 69/20/11 Blend
72$833,000$833,000$833,000$833,000
73$924,004$879,855$866,944$985,240
74$985,888$890,604$863,622$1,037,394
75$1,053,065$900,859$859,169$1,090,204
76$1,126,042$910,566$853,516$1,147,176
77$1,205,378$919,663$846,588$1,208,714
78$1,291,687$928,088$838,310$1,275,262
79$1,385,646$935,771$828,600$1,347,311
80$1,487,998$942,639$817,374$1,425,402
81$1,599,562$948,617$804,544$1,510,132
82$1,721,239$953,621$790,018$1,602,157
83$1,854,020$957,563$773,699$1,702,203
84$1,998,998$960,351$755,485$1,811,068
85$2,157,372$961,885$735,271$1,929,633
86$2,330,467$962,061$712,945$2,058,870
87$2,519,739$960,765$688,393$2,199,850
88$2,726,790$957,881$661,492$2,353,752
89$2,953,387$953,282$632,116$2,521,879
90$3,201,474$946,833$600,133$2,705,667
91$3,473,191$938,395$565,404$2,906,697
92$3,770,895$927,815$527,785$3,126,714
93$4,097,184$914,936$487,123$3,367,642
94$4,454,917$899,587$443,261$3,631,602
95$4,847,243$881,591$396,035$3,920,933
96$5,277,630$860,758$345,271$4,238,213
97$5,749,900$836,887$290,789$4,586,285
98$6,268,261$809,766$232,401$4,968,283
99$6,837,349$779,169$169,912$5,387,663
100$7,462,270$744,860$103,116$5,848,234