Can I retire at age 73 with 890,000?

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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$73,495$72,841$72,202$71,579$70,970$69,679
2 years$36,384$35,706$35,050$34,413$33,795$32,500
3 years$24,015$23,334$22,679$22,049$21,441$20,181
4 years$17,832$17,153$16,505$15,885$15,292$14,077
5 years$14,123$13,448$12,808$12,201$11,625$10,458
6 years$11,651$10,982$10,351$9,757$9,198$8,081
7 years$9,886$9,222$8,602$8,022$7,481$6,414
8 years$8,563$7,905$7,295$6,729$6,206$5,189
9 years$7,534$6,883$6,283$5,732$5,226$4,259
10 years$6,712$6,067$5,478$4,941$4,453$3,534
11 years$6,040$5,401$4,823$4,300$3,830$2,958
12 years$5,480$4,848$4,280$3,772$3,319$2,493
13 years$5,006$4,381$3,824$3,330$2,894$2,113
14 years$4,601$3,982$3,436$2,956$2,537$1,799
15 years$4,250$3,638$3,102$2,636$2,234$1,538
16 years$3,943$3,338$2,812$2,360$1,974$1,319
17 years$3,673$3,074$2,559$2,121$1,750$1,134
18 years$3,432$2,840$2,336$1,911$1,556$978
19 years$3,218$2,632$2,139$1,727$1,387$844
20 years$3,025$2,446$1,963$1,564$1,239$730
21 years$2,851$2,278$1,805$1,420$1,109$633
22 years$2,692$2,127$1,664$1,291$994$549
23 years$2,548$1,989$1,536$1,175$892$476
24 years$2,416$1,864$1,421$1,072$802$414
25 years$2,295$1,749$1,316$979$722$360
26 years$2,183$1,644$1,221$895$650$313
27 years$2,079$1,547$1,133$819$586$273
28 years$1,984$1,458$1,054$751$529$238
29 years$1,895$1,375$980$688$477$207
30 years$1,812$1,299$913$632$431$180
31 years$1,734$1,228$851$580$390$157
32 years$1,662$1,162$794$533$353$137
33 years$1,594$1,100$742$490$319$120
34 years$1,530$1,043$693$451$289$105
35 years$1,470$989$648$415$262$91
36 years$1,414$939$606$383$237$80
37 years$1,360$892$567$352$215$70
38 years$1,310$847$531$325$195$61
39 years$1,262$806$498$300$177$53
40 years$1,217$767$467$276$160$46
41 years$1,174$730$437$255$145$41
42 years$1,133$695$410$235$132$35
43 years$1,094$662$385$217$120$31
44 years$1,057$631$361$201$109$27
45 years$1,022$602$339$185$99$24
46 years$989$574$319$171$90$21
47 years$957$548$299$158$81$18
48 years$926$523$281$146$74$16
49 years$897$499$265$135$67$14
50 years$869$477$249$125$61$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $890,000, adding $4,002 every year, while hoping to spend $53,878 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: 39/36/25 Blend
72$890,000$890,000$890,000$890,000
73$984,908$937,738$923,943$1,015,873
74$1,028,043$926,361$897,569$1,027,345
75$1,073,772$912,622$868,506$1,034,419
76$1,122,302$896,346$836,607$1,041,011
77$1,173,862$877,351$801,718$1,047,109
78$1,228,698$855,444$763,678$1,052,705
79$1,287,084$830,419$722,320$1,057,796
80$1,349,316$802,060$677,467$1,062,383
81$1,415,721$770,135$628,937$1,066,470
82$1,486,656$734,403$576,538$1,070,072
83$1,562,511$694,606$520,068$1,073,206
84$1,643,717$650,471$459,320$1,075,901
85$1,730,743$601,711$394,075$1,078,193
86$1,824,107$548,022$324,104$1,080,132
87$1,924,373$489,083$249,168$1,081,778
88$2,032,164$424,553$169,021$1,083,205
89$2,148,162$354,073$83,400$1,084,504
90$2,273,116$277,265$0$1,085,783
91$2,407,850$193,726$0$1,089,300
92$2,553,267$103,036$0$1,116,960
93$2,710,361$4,745$0$1,146,750
94$2,880,223$0$0$1,178,960
95$3,064,054$0$0$1,254,172
96$3,263,172$0$0$1,337,774
97$3,479,027$0$0$1,428,507
98$3,713,215$0$0$1,527,055
99$3,967,488$0$0$1,634,169
100$4,243,776$0$0$1,750,676