Can I retire at age 73 with 867,000?

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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$71,596$70,958$70,336$69,729$69,136$68,816
2 years$35,444$34,783$34,144$33,523$32,922$32,599
3 years$23,394$22,731$22,093$21,479$20,887$20,571
4 years$17,371$16,710$16,078$15,474$14,897$14,590
5 years$13,758$13,101$12,477$11,886$11,324$11,028
6 years$11,350$10,698$10,084$9,505$8,961$8,675
7 years$9,631$8,984$8,379$7,815$7,287$7,012
8 years$8,342$7,701$7,106$6,556$6,046$5,782
9 years$7,340$6,705$6,121$5,584$5,091$4,838
10 years$6,539$5,910$5,336$4,813$4,338$4,095
11 years$5,884$5,261$4,698$4,189$3,731$3,499
12 years$5,338$4,722$4,169$3,674$3,233$3,011
13 years$4,877$4,268$3,725$3,244$2,819$2,608
14 years$4,482$3,879$3,347$2,880$2,471$2,270
15 years$4,140$3,544$3,022$2,568$2,176$1,984
16 years$3,841$3,251$2,740$2,299$1,923$1,741
17 years$3,578$2,994$2,493$2,066$1,705$1,532
18 years$3,344$2,767$2,276$1,862$1,516$1,352
19 years$3,135$2,564$2,083$1,682$1,351$1,196
20 years$2,947$2,383$1,912$1,524$1,207$1,060
21 years$2,777$2,220$1,759$1,383$1,080$941
22 years$2,623$2,072$1,621$1,257$968$836
23 years$2,482$1,938$1,497$1,145$869$745
24 years$2,353$1,816$1,384$1,044$781$664
25 years$2,235$1,704$1,282$954$703$592
26 years$2,126$1,601$1,189$872$633$529
27 years$2,026$1,507$1,104$798$571$473
28 years$1,932$1,420$1,026$731$515$423
29 years$1,846$1,340$955$671$465$379
30 years$1,765$1,265$890$616$420$339
31 years$1,689$1,196$829$565$380$304
32 years$1,619$1,132$774$520$344$273
33 years$1,553$1,072$723$478$311$244
34 years$1,491$1,016$675$440$282$219
35 years$1,432$963$631$405$255$197
36 years$1,377$914$590$373$231$177
37 years$1,325$868$553$343$209$159
38 years$1,276$825$518$316$190$143
39 years$1,229$785$485$292$172$128
40 years$1,185$747$454$269$156$115
41 years$1,144$711$426$248$142$103
42 years$1,104$677$400$229$129$93
43 years$1,066$645$375$212$117$84
44 years$1,030$615$352$195$106$75
45 years$996$586$331$180$96$68
46 years$963$559$311$167$87$61
47 years$932$534$292$154$79$55
48 years$902$510$274$142$72$49
49 years$874$487$258$131$65$44
50 years$846$465$242$122$59$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $867,000, adding $6,286 every year, while hoping to spend $54,407 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: 47/42/11 Blend
72$867,000$867,000$867,000$867,000
73$961,918$915,967$902,529$1,003,908
74$1,002,145$902,961$874,875$1,020,517
75$1,044,652$887,494$844,471$1,032,394
76$1,089,613$869,388$811,167$1,044,054
77$1,137,220$848,455$774,808$1,055,496
78$1,187,682$824,494$735,230$1,066,720
79$1,241,227$797,296$692,261$1,077,734
80$1,298,104$766,635$645,724$1,088,548
81$1,358,586$732,275$595,431$1,099,177
82$1,422,971$693,967$541,187$1,109,643
83$1,491,587$651,444$482,790$1,119,977
84$1,564,791$604,427$420,026$1,130,217
85$1,642,976$552,619$352,672$1,140,408
86$1,726,570$495,708$280,497$1,150,611
87$1,816,045$433,363$203,259$1,160,896
88$1,911,917$365,234$120,704$1,171,348
89$2,014,754$290,951$32,569$1,182,067
90$2,125,176$210,125$0$1,193,173
91$2,243,867$122,344$0$1,212,022
92$2,371,574$27,171$0$1,236,108
93$2,509,121$0$0$1,261,827
94$2,657,410$0$0$1,324,489
95$2,817,434$0$0$1,405,738
96$2,990,283$0$0$1,493,577
97$3,177,155$0$0$1,588,627
98$3,379,367$0$0$1,691,566
99$3,598,365$0$0$1,803,144
100$3,835,742$0$0$1,924,182