Can I retire at age 73 with 903,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $903,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$74,569$73,905$73,257$72,624$72,006$70,843
2 years$36,915$36,228$35,561$34,915$34,289$33,120
3 years$24,366$23,675$23,011$22,371$21,754$20,616
4 years$18,092$17,404$16,746$16,117$15,515$14,417
5 years$14,329$13,645$12,995$12,379$11,794$10,739
6 years$11,821$11,142$10,502$9,900$9,333$8,321
7 years$10,030$9,357$8,727$8,139$7,590$6,622
8 years$8,688$8,021$7,402$6,828$6,297$5,373
9 years$7,644$6,983$6,375$5,816$5,303$4,423
10 years$6,810$6,156$5,558$5,013$4,518$3,681
11 years$6,128$5,480$4,893$4,363$3,886$3,091
12 years$5,560$4,919$4,342$3,827$3,367$2,614
13 years$5,080$4,445$3,880$3,379$2,936$2,223
14 years$4,668$4,040$3,486$2,999$2,574$1,899
15 years$4,312$3,691$3,147$2,675$2,266$1,629
16 years$4,001$3,386$2,854$2,395$2,003$1,402
17 years$3,726$3,119$2,597$2,152$1,776$1,210
18 years$3,483$2,882$2,370$1,939$1,579$1,047
19 years$3,265$2,671$2,170$1,752$1,408$907
20 years$3,069$2,482$1,991$1,587$1,257$787
21 years$2,892$2,312$1,832$1,440$1,125$685
22 years$2,732$2,158$1,688$1,310$1,008$596
23 years$2,585$2,018$1,559$1,193$905$520
24 years$2,451$1,891$1,442$1,088$814$453
25 years$2,328$1,775$1,335$993$732$396
26 years$2,215$1,668$1,238$908$660$346
27 years$2,110$1,570$1,150$831$595$302
28 years$2,013$1,479$1,069$762$537$264
29 years$1,922$1,395$995$699$484$231
30 years$1,838$1,318$927$641$438$203
31 years$1,760$1,246$864$589$396$177
32 years$1,686$1,179$806$541$358$155
33 years$1,617$1,116$753$498$324$136
34 years$1,552$1,058$703$458$293$119
35 years$1,492$1,003$657$421$266$105
36 years$1,434$952$615$388$241$92
37 years$1,380$905$576$358$218$80
38 years$1,329$860$539$330$198$71
39 years$1,280$817$505$304$179$62
40 years$1,235$778$473$280$163$54
41 years$1,191$740$444$259$148$48
42 years$1,150$705$416$239$134$42
43 years$1,110$672$391$220$122$37
44 years$1,073$640$367$203$110$32
45 years$1,037$611$344$188$100$28
46 years$1,003$583$323$174$91$25
47 years$971$556$304$160$83$22
48 years$940$531$286$148$75$19
49 years$910$507$268$137$68$17
50 years$882$484$252$127$62$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $903,000, adding $6,639 every year, while hoping to spend $32,234 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: 52/21/27 Blend
72$903,000$903,000$903,000$903,000
73$1,001,954$954,095$940,099$1,046,172
74$1,069,857$966,549$937,295$1,090,022
75$1,143,605$978,533$933,318$1,133,890
76$1,223,761$989,990$928,092$1,180,970
77$1,310,944$1,000,858$921,542$1,231,578
78$1,405,834$1,011,074$913,587$1,286,070
79$1,509,179$1,020,566$904,143$1,344,836
80$1,621,804$1,029,263$893,120$1,408,306
81$1,744,616$1,037,084$880,428$1,476,957
82$1,878,612$1,043,947$865,967$1,551,316
83$2,024,891$1,049,761$849,638$1,631,964
84$2,184,662$1,054,431$831,333$1,719,543
85$2,359,257$1,057,858$810,942$1,814,764
86$2,550,140$1,059,932$788,348$1,918,411
87$2,758,927$1,060,541$763,430$2,031,348
88$2,987,393$1,059,563$736,060$2,154,532
89$3,237,494$1,056,869$706,106$2,289,019
90$3,511,386$1,052,323$673,427$2,435,975
91$3,811,440$1,045,780$637,880$2,596,685
92$4,140,270$1,037,086$599,312$2,772,573
93$4,500,752$1,026,077$557,563$2,965,205
94$4,896,055$1,012,582$512,468$3,176,315
95$5,329,671$996,417$463,854$3,407,812
96$5,805,444$977,387$411,539$3,661,809
97$6,327,607$955,288$355,334$3,940,632
98$6,900,827$929,900$295,042$4,246,853
99$7,530,241$900,995$230,455$4,583,307
100$8,221,509$868,328$161,359$4,953,124