Can I retire at age 73 with 844,000?

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 $844,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$69,697$69,076$68,470$67,879$67,302$65,889
2 years$34,503$33,861$33,238$32,634$32,048$30,632
3 years$22,774$22,128$21,507$20,909$20,333$18,956
4 years$16,910$16,267$15,652$15,064$14,502$13,176
5 years$13,393$12,753$12,146$11,570$11,024$9,753
6 years$11,049$10,414$9,816$9,253$8,723$7,508
7 years$9,375$8,746$8,157$7,607$7,094$5,935
8 years$8,120$7,497$6,918$6,382$5,885$4,782
9 years$7,145$6,527$5,958$5,436$4,956$3,909
10 years$6,365$5,753$5,195$4,686$4,223$3,229
11 years$5,728$5,122$4,573$4,078$3,632$2,691
12 years$5,197$4,597$4,059$3,577$3,147$2,258
13 years$4,748$4,154$3,626$3,158$2,744$1,905
14 years$4,363$3,776$3,258$2,803$2,406$1,615
15 years$4,030$3,450$2,942$2,500$2,118$1,373
16 years$3,739$3,165$2,667$2,238$1,872$1,172
17 years$3,483$2,915$2,427$2,011$1,660$1,003
18 years$3,255$2,693$2,215$1,813$1,476$860
19 years$3,051$2,496$2,028$1,638$1,316$739
20 years$2,868$2,320$1,861$1,483$1,175$636
21 years$2,703$2,161$1,712$1,346$1,052$548
22 years$2,553$2,017$1,578$1,224$943$472
23 years$2,416$1,886$1,457$1,115$846$408
24 years$2,291$1,767$1,347$1,017$760$352
25 years$2,176$1,659$1,248$929$684$305
26 years$2,070$1,559$1,157$849$616$264
27 years$1,972$1,467$1,075$777$556$228
28 years$1,881$1,382$999$712$501$198
29 years$1,797$1,304$930$653$453$171
30 years$1,718$1,232$866$599$409$149
31 years$1,645$1,164$807$550$370$129
32 years$1,576$1,102$753$506$335$112
33 years$1,511$1,043$703$465$303$97
34 years$1,451$989$657$428$274$84
35 years$1,394$938$614$394$248$73
36 years$1,340$890$575$363$225$63
37 years$1,290$845$538$334$204$55
38 years$1,242$803$504$308$185$48
39 years$1,197$764$472$284$168$41
40 years$1,154$727$442$262$152$36
41 years$1,113$692$415$242$138$31
42 years$1,075$659$389$223$125$27
43 years$1,038$628$365$206$114$24
44 years$1,003$599$343$190$103$20
45 years$969$571$322$176$94$18
46 years$938$544$302$162$85$15
47 years$907$520$284$150$77$13
48 years$878$496$267$138$70$12
49 years$851$474$251$128$64$10
50 years$824$452$236$118$58$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $844,000, adding $2,027 every year, while hoping to spend $44,573 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: 40/44/16 Blend
72$844,000$844,000$844,000$844,000
73$932,179$887,447$874,365$964,958
74$979,836$883,506$856,231$984,501
75$1,030,860$877,879$835,995$1,001,150
76$1,085,547$870,435$813,541$1,018,211
77$1,144,223$861,037$788,745$1,035,745
78$1,207,245$849,538$761,479$1,053,820
79$1,275,004$835,785$731,608$1,072,515
80$1,347,929$819,614$698,992$1,091,922
81$1,426,493$800,850$663,483$1,112,143
82$1,511,215$779,311$624,930$1,133,297
83$1,602,664$754,803$583,170$1,155,520
84$1,701,466$727,118$538,036$1,178,964
85$1,808,308$696,040$489,353$1,203,803
86$1,923,947$661,337$436,938$1,230,235
87$2,049,214$622,767$380,600$1,258,480
88$2,185,023$580,071$320,138$1,288,791
89$2,332,377$532,977$255,345$1,321,450
90$2,492,383$481,196$186,003$1,356,776
91$2,666,256$424,424$111,883$1,395,125
92$2,855,333$362,340$32,750$1,436,901
93$3,061,085$294,603$0$1,482,552
94$3,285,130$220,853$0$1,541,412
95$3,529,250$140,712$0$1,611,759
96$3,795,406$53,779$0$1,688,676
97$4,085,753$0$0$1,772,917
98$4,402,668$0$0$1,884,870
99$4,748,763$0$0$2,035,670
100$5,126,915$0$0$2,200,546