Can I retire at age 73 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$72,835$72,186$71,553$70,935$70,332$68,576
2 years$36,057$35,385$34,734$34,103$33,491$31,733
3 years$23,799$23,125$22,475$21,850$21,248$19,543
4 years$17,671$16,999$16,356$15,742$15,154$13,516
5 years$13,996$13,327$12,693$12,091$11,520$9,952
6 years$11,546$10,883$10,258$9,670$9,116$7,619
7 years$9,797$9,139$8,524$7,950$7,413$5,990
8 years$8,486$7,834$7,229$6,669$6,150$4,798
9 years$7,467$6,821$6,227$5,680$5,179$3,898
10 years$6,652$6,012$5,429$4,897$4,413$3,201
11 years$5,985$5,353$4,779$4,262$3,795$2,650
12 years$5,431$4,804$4,241$3,738$3,289$2,209
13 years$4,961$4,342$3,789$3,300$2,868$1,851
14 years$4,560$3,946$3,405$2,929$2,514$1,558
15 years$4,212$3,605$3,074$2,613$2,214$1,317
16 years$3,908$3,308$2,787$2,339$1,956$1,116
17 years$3,640$3,046$2,536$2,102$1,735$948
18 years$3,402$2,815$2,315$1,894$1,542$807
19 years$3,189$2,609$2,119$1,711$1,375$688
20 years$2,998$2,424$1,945$1,550$1,228$587
21 years$2,825$2,258$1,789$1,407$1,099$502
22 years$2,668$2,108$1,649$1,279$985$430
23 years$2,525$1,971$1,523$1,165$884$368
24 years$2,394$1,847$1,408$1,062$795$316
25 years$2,274$1,733$1,304$970$715$271
26 years$2,163$1,629$1,210$887$644$232
27 years$2,061$1,533$1,123$812$581$200
28 years$1,966$1,445$1,044$744$524$172
29 years$1,878$1,363$972$682$473$147
30 years$1,795$1,287$905$626$428$127
31 years$1,719$1,217$844$575$387$109
32 years$1,647$1,151$787$529$350$94
33 years$1,580$1,090$735$486$316$81
34 years$1,516$1,033$687$447$287$69
35 years$1,457$980$642$412$260$60
36 years$1,401$930$601$379$235$51
37 years$1,348$884$562$349$213$44
38 years$1,298$840$526$322$193$38
39 years$1,251$798$493$297$175$33
40 years$1,206$760$462$274$159$28
41 years$1,163$723$434$253$144$24
42 years$1,123$689$407$233$131$21
43 years$1,085$656$382$215$119$18
44 years$1,048$625$358$199$108$16
45 years$1,013$596$336$184$98$13
46 years$980$569$316$170$89$12
47 years$948$543$297$157$81$10
48 years$918$518$279$145$73$9
49 years$889$495$262$134$67$7
50 years$861$473$246$124$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $882,000, adding $4,623 every year, while hoping to spend $59,075 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: 73/14/13 Blend
72$882,000$882,000$882,000$882,000
73$976,733$929,987$916,316$1,045,023
74$1,013,504$912,701$884,157$1,073,539
75$1,052,046$892,588$848,941$1,097,029
76$1,092,477$869,447$810,503$1,121,166
77$1,134,926$843,066$768,670$1,146,000
78$1,179,531$813,218$723,264$1,171,585
79$1,226,444$779,668$674,094$1,197,984
80$1,275,831$742,160$620,966$1,225,265
81$1,327,870$700,431$563,672$1,253,507
82$1,382,757$654,196$502,000$1,282,796
83$1,440,705$603,159$435,723$1,313,230
84$1,501,946$547,003$364,610$1,344,919
85$1,566,734$485,395$288,414$1,377,985
86$1,635,346$417,984$206,880$1,412,564
87$1,708,083$344,398$119,742$1,448,810
88$1,785,276$264,242$26,723$1,486,894
89$1,867,287$177,102$0$1,527,005
90$1,954,510$82,539$0$1,579,421
91$2,047,377$0$0$1,638,925
92$2,146,363$0$0$1,705,183
93$2,251,984$0$0$1,789,475
94$2,364,811$0$0$1,879,541
95$2,485,463$0$0$1,975,882
96$2,614,625$0$0$2,079,045
97$2,753,044$0$0$2,189,631
98$2,901,541$0$0$2,308,301
99$3,061,017$0$0$2,435,778
100$3,232,460$0$0$2,572,857