Can I retire at age 73 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$90,011$89,209$88,427$87,664$86,918$84,817
2 years$44,560$43,730$42,926$42,146$41,390$39,285
3 years$29,412$28,578$27,776$27,003$26,259$24,218
4 years$21,839$21,008$20,214$19,454$18,728$16,765
5 years$17,296$16,470$15,687$14,943$14,237$12,358
6 years$14,269$13,449$12,677$11,950$11,265$9,472
7 years$12,108$11,295$10,535$9,825$9,162$7,454
8 years$10,487$9,682$8,934$8,242$7,600$5,978
9 years$9,228$8,430$7,695$7,020$6,401$4,862
10 years$8,220$7,430$6,709$6,051$5,454$3,998
11 years$7,397$6,615$5,906$5,267$4,690$3,314
12 years$6,711$5,937$5,242$4,619$4,065$2,766
13 years$6,131$5,365$4,683$4,078$3,544$2,322
14 years$5,635$4,877$4,208$3,620$3,107$1,957
15 years$5,205$4,455$3,799$3,229$2,736$1,655
16 years$4,829$4,088$3,444$2,891$2,418$1,405
17 years$4,498$3,765$3,134$2,597$2,144$1,195
18 years$4,204$3,479$2,861$2,341$1,906$1,019
19 years$3,941$3,224$2,619$2,115$1,699$870
20 years$3,705$2,996$2,404$1,916$1,518$744
21 years$3,491$2,790$2,211$1,739$1,358$637
22 years$3,297$2,605$2,038$1,581$1,217$546
23 years$3,121$2,436$1,882$1,440$1,093$469
24 years$2,959$2,283$1,740$1,313$982$402
25 years$2,810$2,142$1,612$1,199$884$346
26 years$2,673$2,013$1,495$1,096$796$297
27 years$2,547$1,895$1,388$1,004$718$256
28 years$2,429$1,785$1,290$919$648$220
29 years$2,320$1,684$1,201$843$585$189
30 years$2,219$1,591$1,119$774$528$163
31 years$2,124$1,504$1,043$711$478$141
32 years$2,035$1,423$973$653$432$121
33 years$1,952$1,347$908$601$391$104
34 years$1,874$1,277$849$553$354$90
35 years$1,800$1,211$794$509$321$78
36 years$1,731$1,150$742$469$291$67
37 years$1,666$1,092$695$432$263$58
38 years$1,604$1,038$651$398$239$50
39 years$1,546$987$610$367$217$43
40 years$1,490$939$571$338$196$37
41 years$1,438$894$536$312$178$32
42 years$1,388$851$503$288$162$27
43 years$1,340$811$472$266$147$24
44 years$1,295$773$443$246$133$20
45 years$1,252$737$416$227$121$18
46 years$1,211$703$390$210$110$15
47 years$1,172$671$367$194$100$13
48 years$1,134$641$345$179$91$11
49 years$1,098$612$324$165$82$10
50 years$1,064$584$305$153$75$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,090,000, adding $5,580 every year, while hoping to spend $54,402 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: 68/15/17 Blend
72$1,090,000$1,090,000$1,090,000$1,090,000
73$1,206,936$1,149,166$1,132,271$1,283,711
74$1,272,160$1,147,592$1,112,319$1,334,078
75$1,342,214$1,144,117$1,089,875$1,382,234
76$1,417,532$1,138,591$1,064,798$1,433,554
77$1,498,593$1,130,855$1,036,941$1,488,346
78$1,585,921$1,120,738$1,006,150$1,546,949
79$1,680,092$1,108,062$972,264$1,609,739
80$1,781,740$1,092,635$935,113$1,677,131
81$1,891,559$1,074,256$894,521$1,749,582
82$2,010,315$1,052,711$850,304$1,827,601
83$2,138,846$1,027,774$802,269$1,911,746
84$2,278,078$999,204$750,214$2,002,639
85$2,429,025$966,748$693,929$2,100,961
86$2,592,804$930,137$633,194$2,207,470
87$2,770,643$889,087$567,779$2,323,001
88$2,963,893$843,296$497,444$2,448,477
89$3,174,040$792,447$421,938$2,584,918
90$3,402,718$736,203$340,999$2,733,449
91$3,651,726$674,209$254,354$2,895,314
92$3,923,045$606,087$161,717$3,071,889
93$4,218,851$531,441$62,790$3,264,691
94$4,541,542$449,850$0$3,475,395
95$4,893,758$360,872$0$3,713,613
96$5,278,403$264,036$0$3,986,286
97$5,698,674$158,847$0$4,284,333
98$6,158,092$44,784$0$4,610,307
99$6,660,532$0$0$4,967,026
100$7,210,262$0$0$5,370,588