Can I retire at age 73 with 847,000?

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 $847,000?

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$69,944$69,321$68,714$68,120$67,541$66,069
2 years$34,626$33,981$33,356$32,750$32,162$30,687
3 years$22,855$22,207$21,584$20,983$20,405$18,972
4 years$16,970$16,325$15,707$15,117$14,553$13,174
5 years$13,440$12,799$12,190$11,612$11,063$9,741
6 years$11,088$10,451$9,851$9,286$8,754$7,491
7 years$9,408$8,777$8,186$7,634$7,119$5,915
8 years$8,149$7,523$6,943$6,404$5,906$4,760
9 years$7,170$6,550$5,980$5,455$4,974$3,886
10 years$6,388$5,774$5,213$4,702$4,238$3,207
11 years$5,748$5,140$4,590$4,092$3,645$2,669
12 years$5,215$4,613$4,073$3,590$3,158$2,236
13 years$4,765$4,169$3,639$3,169$2,754$1,884
14 years$4,379$3,790$3,270$2,813$2,414$1,595
15 years$4,045$3,462$2,952$2,509$2,126$1,355
16 years$3,753$3,176$2,677$2,246$1,879$1,154
17 years$3,495$2,925$2,436$2,018$1,666$986
18 years$3,267$2,703$2,223$1,819$1,481$845
19 years$3,062$2,505$2,035$1,644$1,320$724
20 years$2,879$2,328$1,868$1,489$1,179$622
21 years$2,713$2,168$1,718$1,351$1,055$535
22 years$2,562$2,024$1,584$1,228$946$461
23 years$2,425$1,893$1,462$1,119$849$398
24 years$2,299$1,774$1,352$1,020$763$343
25 years$2,184$1,665$1,252$932$687$296
26 years$2,077$1,564$1,162$852$619$256
27 years$1,979$1,472$1,079$780$558$221
28 years$1,888$1,387$1,003$715$503$191
29 years$1,803$1,309$933$655$454$165
30 years$1,724$1,236$869$601$411$143
31 years$1,650$1,168$810$552$371$124
32 years$1,581$1,106$756$508$336$107
33 years$1,517$1,047$706$467$304$93
34 years$1,456$992$660$429$275$81
35 years$1,399$941$617$395$249$70
36 years$1,345$893$577$364$226$60
37 years$1,294$848$540$335$205$52
38 years$1,246$806$506$309$186$45
39 years$1,201$767$474$285$168$39
40 years$1,158$730$444$263$153$34
41 years$1,117$694$416$243$138$30
42 years$1,078$661$391$224$126$26
43 years$1,041$630$366$207$114$22
44 years$1,006$601$344$191$103$19
45 years$973$573$323$176$94$17
46 years$941$546$303$163$85$14
47 years$911$521$285$150$77$13
48 years$881$498$268$139$70$11
49 years$854$475$252$128$64$9
50 years$827$454$237$119$58$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $847,000, adding $3,972 every year, while hoping to spend $25,240 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: 61/25/14 Blend
72$847,000$847,000$847,000$847,000
73$937,491$892,600$879,472$991,211
74$1,006,260$909,482$882,079$1,044,694
75$1,081,197$926,346$883,927$1,099,825
76$1,162,906$943,163$884,965$1,159,381
77$1,252,049$959,904$885,138$1,223,791
78$1,349,355$976,538$884,388$1,293,529
79$1,455,630$993,028$882,655$1,369,119
80$1,571,756$1,009,339$879,876$1,451,135
81$1,698,709$1,025,430$875,985$1,540,213
82$1,837,559$1,041,258$870,913$1,637,051
83$1,989,489$1,056,778$864,587$1,742,421
84$2,155,796$1,071,940$856,930$1,857,174
85$2,337,914$1,086,691$847,864$1,982,245
86$2,537,417$1,100,975$837,304$2,118,667
87$2,756,043$1,114,732$825,162$2,267,580
88$2,995,703$1,127,897$811,348$2,430,238
89$3,258,502$1,140,401$795,766$2,608,025
90$3,546,759$1,152,171$778,314$2,802,465
91$3,863,029$1,163,128$758,888$3,015,241
92$4,210,125$1,173,189$737,379$3,248,206
93$4,591,147$1,182,264$713,670$3,503,403
94$5,009,508$1,190,260$687,642$3,783,085
95$5,468,969$1,197,073$659,169$4,089,736
96$5,973,673$1,202,599$628,120$4,426,092
97$6,528,183$1,206,721$594,357$4,795,173
98$7,137,526$1,209,319$557,737$5,200,305
99$7,807,241$1,210,264$518,109$5,645,157
100$8,543,431$1,209,418$475,316$6,133,770