Can I retire at age 73 with 909,000?

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 $909,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$75,064$74,396$73,743$73,107$72,485$71,848
2 years$37,161$36,468$35,798$35,147$34,517$33,874
3 years$24,528$23,833$23,164$22,519$21,899$21,272
4 years$18,212$17,519$16,857$16,224$15,618$15,011
5 years$14,424$13,735$13,082$12,462$11,873$11,287
6 years$11,900$11,216$10,572$9,966$9,395$8,831
7 years$10,097$9,419$8,785$8,193$7,640$7,099
8 years$8,746$8,074$7,451$6,873$6,338$5,820
9 years$7,695$7,030$6,417$5,854$5,338$4,842
10 years$6,855$6,196$5,595$5,047$4,548$4,074
11 years$6,169$5,516$4,926$4,392$3,912$3,460
12 years$5,597$4,951$4,371$3,852$3,390$2,959
13 years$5,113$4,474$3,905$3,401$2,956$2,546
14 years$4,699$4,067$3,509$3,019$2,591$2,202
15 years$4,341$3,715$3,168$2,692$2,281$1,912
16 years$4,027$3,409$2,872$2,411$2,016$1,666
17 years$3,751$3,139$2,614$2,166$1,788$1,456
18 years$3,506$2,901$2,386$1,952$1,590$1,276
19 years$3,286$2,689$2,184$1,764$1,417$1,120
20 years$3,089$2,498$2,005$1,598$1,266$986
21 years$2,911$2,327$1,844$1,450$1,133$869
22 years$2,750$2,172$1,699$1,318$1,015$767
23 years$2,602$2,032$1,569$1,201$911$677
24 years$2,467$1,904$1,451$1,095$819$599
25 years$2,344$1,786$1,344$1,000$737$531
26 years$2,229$1,679$1,247$914$664$470
27 years$2,124$1,580$1,158$837$599$417
28 years$2,026$1,489$1,076$767$540$370
29 years$1,935$1,405$1,001$703$488$329
30 years$1,850$1,326$933$645$441$292
31 years$1,771$1,254$870$593$398$260
32 years$1,697$1,187$811$545$360$231
33 years$1,628$1,124$758$501$326$205
34 years$1,563$1,065$708$461$295$183
35 years$1,501$1,010$662$424$267$163
36 years$1,444$959$619$391$242$145
37 years$1,389$911$579$360$220$129
38 years$1,338$865$543$332$199$115
39 years$1,289$823$508$306$181$102
40 years$1,243$783$476$282$164$91
41 years$1,199$745$447$260$149$81
42 years$1,157$710$419$240$135$72
43 years$1,118$676$393$222$122$64
44 years$1,080$645$369$205$111$57
45 years$1,044$615$347$189$101$51
46 years$1,010$586$326$175$92$46
47 years$977$560$306$161$83$41
48 years$946$534$287$149$75$36
49 years$916$510$270$138$69$32
50 years$888$487$254$127$62$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $909,000, adding $2,242 every year, while hoping to spend $47,592 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: 68/9/23 Blend
72$909,000$909,000$909,000$909,000
73$1,004,031$955,854$941,764$1,066,296
74$1,055,804$952,053$922,676$1,104,511
75$1,111,264$946,471$901,353$1,140,605
76$1,170,735$938,970$877,670$1,178,966
77$1,234,574$929,405$851,497$1,219,819
78$1,303,175$917,620$822,696$1,263,410
79$1,376,968$903,452$791,125$1,310,012
80$1,456,424$886,727$756,634$1,359,927
81$1,542,064$867,261$719,066$1,413,491
82$1,634,458$844,859$678,257$1,471,073
83$1,734,231$819,316$634,037$1,533,083
84$1,842,072$790,412$586,227$1,599,973
85$1,958,738$757,917$534,641$1,672,245
86$2,085,061$721,586$479,082$1,750,452
87$2,221,954$681,161$419,349$1,835,207
88$2,370,423$636,367$355,226$1,927,187
89$2,531,573$586,917$286,494$2,027,141
90$2,706,621$532,503$212,919$2,135,896
91$2,896,904$472,803$134,259$2,254,365
92$3,103,893$407,476$50,262$2,383,561
93$3,329,208$336,159$0$2,524,599
94$3,574,629$258,473$0$2,688,376
95$3,842,117$174,015$0$2,880,384
96$4,133,830$82,358$0$3,089,851
97$4,452,141$0$0$3,318,512
98$4,799,666$0$0$3,569,961
99$5,179,279$0$0$3,853,586
100$5,594,150$0$0$4,163,606