Can I retire at age 73 with 845,000?

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 $845,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$69,779$69,158$68,551$67,959$67,381$65,913
2 years$34,544$33,901$33,277$32,673$32,086$30,615
3 years$22,801$22,155$21,533$20,934$20,357$18,927
4 years$16,930$16,286$15,670$15,082$14,519$13,143
5 years$13,409$12,768$12,161$11,584$11,037$9,718
6 years$11,062$10,426$9,828$9,264$8,733$7,473
7 years$9,386$8,756$8,167$7,616$7,102$5,901
8 years$8,130$7,506$6,926$6,389$5,892$4,749
9 years$7,153$6,535$5,965$5,442$4,962$3,877
10 years$6,373$5,760$5,201$4,691$4,228$3,199
11 years$5,734$5,128$4,579$4,083$3,636$2,663
12 years$5,203$4,603$4,064$3,581$3,151$2,231
13 years$4,753$4,159$3,630$3,162$2,748$1,880
14 years$4,368$3,781$3,262$2,807$2,409$1,591
15 years$4,035$3,454$2,945$2,503$2,121$1,352
16 years$3,744$3,169$2,670$2,241$1,874$1,152
17 years$3,487$2,918$2,430$2,014$1,662$984
18 years$3,259$2,697$2,218$1,815$1,478$843
19 years$3,055$2,499$2,031$1,640$1,317$723
20 years$2,872$2,322$1,864$1,485$1,176$621
21 years$2,706$2,163$1,714$1,348$1,053$534
22 years$2,556$2,019$1,580$1,225$944$460
23 years$2,419$1,889$1,459$1,116$847$397
24 years$2,294$1,770$1,349$1,018$761$342
25 years$2,179$1,661$1,249$930$685$295
26 years$2,072$1,561$1,159$850$617$255
27 years$1,974$1,469$1,076$778$556$221
28 years$1,883$1,384$1,000$713$502$191
29 years$1,799$1,306$931$654$453$165
30 years$1,720$1,233$867$600$410$143
31 years$1,647$1,166$808$551$370$124
32 years$1,578$1,103$754$506$335$107
33 years$1,513$1,045$704$466$303$93
34 years$1,453$990$658$428$274$80
35 years$1,396$939$615$394$249$70
36 years$1,342$891$575$363$225$60
37 years$1,291$846$539$335$204$52
38 years$1,244$804$504$308$185$45
39 years$1,198$765$473$284$168$39
40 years$1,155$728$443$262$152$34
41 years$1,115$693$415$242$138$30
42 years$1,076$660$390$223$125$26
43 years$1,039$629$366$206$114$22
44 years$1,004$599$343$190$103$19
45 years$971$571$322$176$94$17
46 years$939$545$303$162$85$14
47 years$908$520$284$150$77$13
48 years$879$497$267$139$70$11
49 years$852$474$251$128$64$9
50 years$825$453$236$118$58$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $845,000, adding $2,931 every year, while hoping to spend $46,337 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: 31/39/30 Blend
72$845,000$845,000$845,000$845,000
73$934,213$889,428$876,331$954,543
74$980,201$883,708$856,386$964,909
75$1,029,326$876,155$834,219$971,823
76$1,081,860$866,629$809,709$978,370
77$1,138,100$854,984$782,724$984,553
78$1,198,373$841,064$753,131$990,377
79$1,263,034$824,704$720,789$995,853
80$1,332,478$805,729$685,550$1,000,997
81$1,407,135$783,954$647,260$1,005,835
82$1,487,477$759,181$605,757$1,010,396
83$1,574,023$731,205$560,873$1,014,721
84$1,667,344$699,805$512,433$1,018,861
85$1,768,066$664,748$460,253$1,022,878
86$1,876,877$625,789$404,140$1,026,847
87$1,994,534$582,668$343,894$1,030,857
88$2,121,868$535,110$279,305$1,035,016
89$2,259,792$482,824$210,156$1,039,449
90$2,409,311$425,503$136,217$1,044,302
91$2,571,531$362,823$57,250$1,049,748
92$2,747,666$294,440$0$1,055,983
93$2,939,052$219,992$0$1,071,886
94$3,147,160$139,096$0$1,109,187
95$3,373,608$51,349$0$1,149,928
96$3,620,174$0$0$1,194,541
97$3,888,818$0$0$1,262,256
98$4,181,694$0$0$1,360,221
99$4,501,174$0$0$1,467,210
100$4,849,869$0$0$1,584,111