Can I retire at age 73 with 898,000?

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 $898,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$74,156$73,495$72,851$72,222$71,608$71,186
2 years$36,711$36,027$35,365$34,722$34,099$33,674
3 years$24,231$23,544$22,883$22,247$21,634$21,218
4 years$17,992$17,307$16,653$16,028$15,429$15,026
5 years$14,250$13,569$12,924$12,311$11,729$11,340
6 years$11,756$11,080$10,444$9,845$9,281$8,906
7 years$9,975$9,305$8,679$8,094$7,548$7,187
8 years$8,640$7,976$7,361$6,790$6,262$5,916
9 years$7,602$6,945$6,340$5,784$5,273$4,942
10 years$6,772$6,122$5,527$4,985$4,493$4,176
11 years$6,094$5,450$4,866$4,339$3,864$3,561
12 years$5,529$4,891$4,318$3,806$3,349$3,059
13 years$5,051$4,420$3,858$3,360$2,920$2,644
14 years$4,642$4,018$3,467$2,983$2,560$2,297
15 years$4,288$3,670$3,130$2,660$2,254$2,004
16 years$3,978$3,368$2,838$2,382$1,992$1,754
17 years$3,706$3,101$2,582$2,140$1,766$1,541
18 years$3,463$2,866$2,357$1,928$1,570$1,357
19 years$3,247$2,656$2,158$1,743$1,400$1,197
20 years$3,052$2,468$1,980$1,578$1,250$1,059
21 years$2,876$2,299$1,822$1,432$1,119$938
22 years$2,716$2,146$1,679$1,302$1,003$832
23 years$2,571$2,007$1,550$1,186$900$739
24 years$2,438$1,881$1,434$1,082$809$657
25 years$2,315$1,765$1,328$988$728$585
26 years$2,202$1,659$1,231$903$656$522
27 years$2,098$1,561$1,144$827$591$465
28 years$2,001$1,471$1,063$758$534$415
29 years$1,912$1,388$989$695$482$371
30 years$1,828$1,310$921$638$435$331
31 years$1,750$1,239$859$586$394$296
32 years$1,677$1,172$802$538$356$265
33 years$1,608$1,110$748$495$322$237
34 years$1,544$1,052$699$455$292$212
35 years$1,483$998$654$419$264$190
36 years$1,426$947$612$386$239$170
37 years$1,372$900$572$356$217$152
38 years$1,322$855$536$328$197$136
39 years$1,273$813$502$302$178$122
40 years$1,228$773$471$279$162$110
41 years$1,184$736$441$257$147$98
42 years$1,143$701$414$237$133$88
43 years$1,104$668$389$219$121$79
44 years$1,067$637$365$202$110$71
45 years$1,031$607$342$187$100$64
46 years$998$579$322$173$90$57
47 years$965$553$302$159$82$51
48 years$935$528$284$147$75$46
49 years$905$504$267$136$68$41
50 years$877$481$251$126$62$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $898,000, adding $2,705 every year, while hoping to spend $40,993 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: 51/23/26 Blend
72$898,000$898,000$898,000$898,000
73$992,386$944,792$930,873$1,035,625
74$1,049,993$947,471$918,441$1,068,648
75$1,112,103$948,907$904,219$1,100,179
76$1,179,130$948,996$888,103$1,133,642
77$1,251,532$947,627$869,985$1,169,240
78$1,329,811$944,684$849,753$1,207,196
79$1,414,519$940,041$827,287$1,247,759
80$1,506,263$933,566$802,464$1,291,205
81$1,605,711$925,120$775,155$1,337,839
82$1,713,594$914,552$745,224$1,388,002
83$1,830,721$901,705$712,529$1,442,072
84$1,957,979$886,413$676,923$1,500,467
85$2,096,344$868,498$638,251$1,563,651
86$2,246,889$847,772$596,351$1,632,140
87$2,410,796$824,038$551,053$1,706,505
88$2,589,366$797,084$502,182$1,787,377
89$2,784,029$766,689$449,553$1,875,459
90$2,996,360$732,617$392,973$1,971,527
91$3,228,092$694,619$332,241$2,076,440
92$3,481,133$652,430$267,146$2,191,151
93$3,757,583$605,774$197,470$2,316,715
94$4,059,754$554,355$122,983$2,454,299
95$4,390,192$497,861$43,446$2,605,193
96$4,751,700$435,964$0$2,770,826
97$5,147,363$368,316$0$2,964,275
98$5,580,580$294,549$0$3,189,403
99$6,055,093$214,276$0$3,436,152
100$6,575,023$127,086$0$3,706,740