Can I retire at age 73 with 907,000?

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 $907,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$74,899$74,232$73,581$72,946$72,325$70,434
2 years$37,079$36,388$35,719$35,070$34,441$32,548
3 years$24,474$23,780$23,113$22,470$21,851$20,016
4 years$18,172$17,481$16,820$16,188$15,584$13,821
5 years$14,393$13,705$13,053$12,434$11,847$10,161
6 years$11,873$11,191$10,549$9,944$9,374$7,767
7 years$10,075$9,398$8,766$8,175$7,624$6,095
8 years$8,726$8,056$7,434$6,858$6,324$4,874
9 years$7,678$7,014$6,403$5,841$5,326$3,952
10 years$6,840$6,183$5,582$5,035$4,538$3,239
11 years$6,155$5,504$4,915$4,382$3,903$2,677
12 years$5,584$4,940$4,362$3,844$3,382$2,227
13 years$5,102$4,465$3,897$3,394$2,949$1,863
14 years$4,689$4,058$3,501$3,012$2,585$1,565
15 years$4,331$3,707$3,161$2,687$2,276$1,319
16 years$4,018$3,401$2,866$2,406$2,012$1,115
17 years$3,743$3,132$2,608$2,161$1,784$945
18 years$3,498$2,895$2,381$1,948$1,586$803
19 years$3,279$2,683$2,180$1,760$1,414$683
20 years$3,083$2,493$2,000$1,594$1,263$582
21 years$2,905$2,322$1,840$1,447$1,130$496
22 years$2,744$2,167$1,696$1,315$1,013$424
23 years$2,597$2,027$1,566$1,198$909$362
24 years$2,462$1,899$1,448$1,093$817$310
25 years$2,338$1,782$1,341$998$735$265
26 years$2,224$1,675$1,244$912$662$227
27 years$2,119$1,577$1,155$835$597$195
28 years$2,022$1,486$1,074$765$539$167
29 years$1,931$1,401$999$702$487$143
30 years$1,846$1,324$931$644$440$123
31 years$1,767$1,251$868$591$398$105
32 years$1,694$1,184$810$544$360$90
33 years$1,624$1,121$756$500$325$77
34 years$1,559$1,063$706$460$295$66
35 years$1,498$1,008$660$423$267$57
36 years$1,441$957$618$390$242$49
37 years$1,386$909$578$359$219$42
38 years$1,335$863$541$331$199$36
39 years$1,286$821$507$305$180$31
40 years$1,240$781$475$282$163$27
41 years$1,196$744$446$260$148$23
42 years$1,155$708$418$240$135$20
43 years$1,115$675$392$221$122$17
44 years$1,078$643$368$204$111$14
45 years$1,042$613$346$189$101$12
46 years$1,008$585$325$174$91$11
47 years$975$558$305$161$83$9
48 years$944$533$287$149$75$8
49 years$914$509$270$138$68$7
50 years$886$486$253$127$62$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $907,000, adding $5,745 every year, while hoping to spend $39,033 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: 70/6/24 Blend
72$907,000$907,000$907,000$907,000
73$1,005,440$957,369$943,310$1,069,344
74$1,066,464$962,749$933,381$1,118,203
75$1,132,404$967,085$921,810$1,166,580
76$1,203,721$970,284$908,502$1,218,605
77$1,280,920$972,247$893,356$1,274,638
78$1,364,558$972,871$876,268$1,335,075
79$1,455,246$972,045$857,125$1,400,354
80$1,553,656$969,650$835,814$1,470,956
81$1,660,528$965,562$812,213$1,547,416
82$1,776,676$959,649$786,196$1,630,321
83$1,902,994$951,769$757,631$1,720,320
84$2,040,468$941,773$726,380$1,818,129
85$2,190,179$929,504$692,298$1,924,537
86$2,353,321$914,794$655,234$2,040,417
87$2,531,206$897,464$615,030$2,166,731
88$2,725,277$877,328$571,521$2,304,539
89$2,937,124$854,186$524,535$2,455,013
90$3,168,496$827,826$473,893$2,619,445
91$3,421,319$798,026$419,405$2,799,259
92$3,697,713$764,549$360,875$2,996,027
93$4,000,014$727,146$298,098$3,211,485
94$4,330,791$685,552$230,860$3,447,545
95$4,692,874$639,487$158,936$3,706,317
96$5,089,381$588,655$82,094$3,990,130
97$5,523,743$532,745$90$4,301,551
98$5,999,741$471,425$0$4,643,412
99$6,521,537$404,347$0$5,041,224
100$7,093,715$331,141$0$5,477,524