Can I retire at age 73 with 913,000?

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 $913,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$75,395$74,723$74,068$73,428$72,804$72,104
2 years$37,324$36,629$35,955$35,302$34,669$33,963
3 years$24,636$23,937$23,265$22,618$21,995$21,306
4 years$18,293$17,597$16,931$16,295$15,687$15,020
5 years$14,488$13,796$13,139$12,516$11,925$11,282
6 years$11,952$11,265$10,619$10,009$9,436$8,818
7 years$10,141$9,461$8,824$8,229$7,674$7,081
8 years$8,784$8,110$7,484$6,903$6,366$5,798
9 years$7,729$7,061$6,446$5,880$5,361$4,818
10 years$6,886$6,224$5,619$5,069$4,568$4,050
11 years$6,196$5,541$4,947$4,411$3,929$3,434
12 years$5,621$4,973$4,391$3,869$3,405$2,934
13 years$5,136$4,494$3,923$3,416$2,969$2,521
14 years$4,720$4,085$3,525$3,032$2,602$2,177
15 years$4,360$3,732$3,182$2,704$2,291$1,888
16 years$4,045$3,424$2,885$2,421$2,025$1,643
17 years$3,767$3,153$2,625$2,176$1,796$1,434
18 years$3,521$2,914$2,397$1,961$1,597$1,255
19 years$3,301$2,700$2,194$1,772$1,423$1,100
20 years$3,103$2,509$2,014$1,605$1,271$966
21 years$2,924$2,337$1,852$1,456$1,138$850
22 years$2,762$2,182$1,707$1,324$1,020$749
23 years$2,614$2,041$1,576$1,206$915$661
24 years$2,478$1,912$1,458$1,100$823$584
25 years$2,354$1,794$1,350$1,004$740$516
26 years$2,239$1,686$1,252$918$667$457
27 years$2,133$1,587$1,163$841$601$405
28 years$2,035$1,495$1,081$770$542$358
29 years$1,944$1,411$1,006$706$490$318
30 years$1,858$1,332$937$648$443$282
31 years$1,779$1,259$873$595$400$250
32 years$1,705$1,192$815$547$362$222
33 years$1,635$1,129$761$503$328$197
34 years$1,570$1,070$711$463$297$175
35 years$1,508$1,015$665$426$269$156
36 years$1,450$963$622$392$243$138
37 years$1,395$915$582$362$221$123
38 years$1,344$869$545$333$200$109
39 years$1,295$826$511$307$181$97
40 years$1,248$786$479$283$164$86
41 years$1,204$749$449$262$149$77
42 years$1,162$713$421$241$135$68
43 years$1,123$679$395$223$123$61
44 years$1,085$647$371$206$112$54
45 years$1,049$617$348$190$101$48
46 years$1,014$589$327$175$92$43
47 years$981$562$307$162$83$38
48 years$950$537$289$150$76$34
49 years$920$512$271$138$69$30
50 years$891$489$255$128$63$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $913,000, adding $4,055 every year, while hoping to spend $46,755 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: 55/36/9 Blend
72$913,000$913,000$913,000$913,000
73$1,010,309$961,920$947,768$1,063,443
74$1,063,613$959,307$929,772$1,097,230
75$1,120,788$954,999$909,605$1,128,501
76$1,182,178$948,863$887,146$1,161,427
77$1,248,162$940,760$862,268$1,196,174
78$1,319,157$930,540$834,836$1,232,925
79$1,395,620$918,045$804,712$1,271,885
80$1,478,052$903,108$771,748$1,313,280
81$1,567,004$885,551$735,793$1,357,365
82$1,663,083$865,187$696,686$1,404,419
83$1,766,953$841,817$654,261$1,454,758
84$1,879,346$815,230$608,343$1,508,727
85$2,001,067$785,204$558,750$1,566,714
86$2,132,999$751,502$505,291$1,629,147
87$2,276,114$713,875$447,768$1,696,504
88$2,431,483$672,060$385,973$1,769,314
89$2,600,279$625,776$319,688$1,848,163
90$2,783,798$574,729$248,688$1,933,704
91$2,983,462$518,607$172,736$2,026,659
92$3,200,836$457,081$91,584$2,127,830
93$3,437,644$389,800$4,974$2,238,106
94$3,695,782$316,399$0$2,358,472
95$3,977,336$236,486$0$2,498,419
96$4,284,603$149,653$0$2,651,812
97$4,620,111$55,464$0$2,819,544
98$4,986,642$0$0$3,003,126
99$5,387,261$0$0$3,222,671
100$5,825,341$0$0$3,486,851