Can I retire at age 73 with 855,000?

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 $855,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$70,605$69,976$69,363$68,764$68,179$67,160
2 years$34,953$34,302$33,671$33,059$32,466$31,442
3 years$23,071$22,417$21,787$21,182$20,598$19,600
4 years$17,130$16,479$15,856$15,260$14,691$13,727
5 years$13,567$12,920$12,305$11,721$11,168$10,241
6 years$11,193$10,550$9,944$9,374$8,836$7,948
7 years$9,497$8,860$8,264$7,707$7,186$6,337
8 years$8,226$7,594$7,008$6,465$5,962$5,150
9 years$7,238$6,612$6,036$5,507$5,021$4,247
10 years$6,448$5,828$5,262$4,747$4,278$3,541
11 years$5,802$5,189$4,633$4,131$3,679$2,979
12 years$5,264$4,657$4,112$3,624$3,188$2,524
13 years$4,810$4,209$3,673$3,199$2,780$2,151
14 years$4,420$3,826$3,301$2,840$2,437$1,841
15 years$4,083$3,495$2,980$2,533$2,146$1,583
16 years$3,788$3,206$2,702$2,268$1,897$1,365
17 years$3,528$2,953$2,459$2,037$1,682$1,180
18 years$3,297$2,729$2,244$1,836$1,495$1,023
19 years$3,091$2,529$2,055$1,659$1,333$889
20 years$2,906$2,350$1,886$1,503$1,190$773
21 years$2,738$2,189$1,734$1,364$1,065$674
22 years$2,586$2,043$1,599$1,240$955$588
23 years$2,448$1,911$1,476$1,129$857$514
24 years$2,321$1,790$1,365$1,030$770$449
25 years$2,204$1,680$1,264$941$693$393
26 years$2,097$1,579$1,173$860$624$344
27 years$1,998$1,486$1,089$787$563$302
28 years$1,906$1,400$1,012$721$508$265
29 years$1,820$1,321$942$661$459$232
30 years$1,740$1,248$877$607$414$204
31 years$1,666$1,179$818$557$375$179
32 years$1,596$1,116$763$512$339$157
33 years$1,531$1,057$713$471$307$138
34 years$1,470$1,002$666$433$278$121
35 years$1,412$950$622$399$252$107
36 years$1,358$902$582$368$228$94
37 years$1,307$856$545$339$207$82
38 years$1,258$814$510$312$187$72
39 years$1,212$774$478$288$170$64
40 years$1,169$736$448$265$154$56
41 years$1,128$701$420$245$140$49
42 years$1,089$668$394$226$127$43
43 years$1,051$636$370$209$115$38
44 years$1,016$606$347$193$104$34
45 years$982$578$326$178$95$30
46 years$950$552$306$164$86$26
47 years$919$526$288$152$78$23
48 years$890$502$270$140$71$20
49 years$862$480$254$130$64$18
50 years$835$458$239$120$59$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $855,000, adding $4,085 every year, while hoping to spend $35,607 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: 49/21/30 Blend
72$855,000$855,000$855,000$855,000
73$946,424$901,109$887,856$984,539
74$1,005,073$907,377$879,714$1,018,025
75$1,068,512$912,760$870,105$1,050,571
76$1,137,190$917,175$858,944$1,085,255
77$1,211,604$920,537$846,139$1,122,296
78$1,292,298$922,754$831,595$1,161,940
79$1,379,872$923,728$815,213$1,204,459
80$1,474,985$923,357$796,888$1,250,153
81$1,578,361$921,530$776,513$1,299,355
82$1,690,800$918,131$753,971$1,352,436
83$1,813,178$913,035$729,146$1,409,806
84$1,946,461$906,113$701,911$1,471,918
85$2,091,711$897,223$672,136$1,539,274
86$2,250,098$886,220$639,685$1,612,433
87$2,422,909$872,946$604,416$1,692,010
88$2,611,561$857,236$566,179$1,778,688
89$2,817,613$838,913$524,819$1,873,221
90$3,042,783$817,792$480,173$1,976,447
91$3,288,959$793,677$432,071$2,089,288
92$3,558,223$766,357$380,336$2,212,769
93$3,852,867$735,614$324,782$2,348,021
94$4,175,413$701,212$265,216$2,496,294
95$4,528,640$662,906$201,435$2,658,971
96$4,915,606$620,434$133,229$2,837,583
97$5,339,683$573,520$60,377$3,033,819
98$5,804,580$521,872$0$3,249,548
99$6,314,384$465,181$0$3,492,395
100$6,873,597$403,120$0$3,780,066