Can I retire at age 73 with 914,000?

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 $914,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$75,477$74,805$74,149$73,509$72,884$70,892
2 years$37,365$36,669$35,995$35,341$34,706$32,714
3 years$24,663$23,964$23,291$22,643$22,019$20,089
4 years$18,313$17,616$16,950$16,313$15,704$13,851
5 years$14,504$13,811$13,154$12,530$11,938$10,167
6 years$11,965$11,278$10,630$10,020$9,446$7,758
7 years$10,153$9,471$8,834$8,238$7,682$6,078
8 years$8,794$8,118$7,492$6,911$6,373$4,852
9 years$7,738$7,069$6,453$5,887$5,367$3,927
10 years$6,893$6,231$5,626$5,074$4,573$3,213
11 years$6,203$5,547$4,953$4,416$3,933$2,650
12 years$5,628$4,978$4,395$3,874$3,408$2,200
13 years$5,141$4,499$3,927$3,420$2,972$1,837
14 years$4,725$4,090$3,528$3,036$2,605$1,540
15 years$4,365$3,736$3,186$2,707$2,294$1,295
16 years$4,049$3,428$2,888$2,424$2,027$1,093
17 years$3,772$3,157$2,628$2,178$1,798$924
18 years$3,525$2,917$2,399$1,963$1,598$783
19 years$3,305$2,703$2,196$1,774$1,425$665
20 years$3,106$2,512$2,016$1,606$1,273$565
21 years$2,927$2,340$1,854$1,458$1,139$481
22 years$2,765$2,184$1,709$1,326$1,021$410
23 years$2,617$2,043$1,578$1,207$916$349
24 years$2,481$1,914$1,459$1,101$824$298
25 years$2,356$1,796$1,351$1,006$741$255
26 years$2,242$1,688$1,253$919$668$217
27 years$2,135$1,589$1,164$842$602$186
28 years$2,037$1,497$1,082$771$543$159
29 years$1,946$1,412$1,007$707$490$136
30 years$1,861$1,334$938$649$443$116
31 years$1,781$1,261$874$596$401$99
32 years$1,707$1,193$816$548$362$85
33 years$1,637$1,130$762$504$328$73
34 years$1,571$1,071$712$463$297$62
35 years$1,510$1,016$665$427$269$53
36 years$1,452$964$622$393$244$46
37 years$1,397$916$583$362$221$39
38 years$1,345$870$546$334$200$34
39 years$1,296$827$511$308$182$29
40 years$1,250$787$479$284$165$25
41 years$1,206$749$449$262$149$21
42 years$1,164$714$421$242$136$18
43 years$1,124$680$395$223$123$15
44 years$1,086$648$371$206$112$13
45 years$1,050$618$349$190$101$11
46 years$1,015$590$327$176$92$10
47 years$983$563$308$162$84$8
48 years$951$537$289$150$76$7
49 years$921$513$272$139$69$6
50 years$892$490$255$128$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $914,000, adding $4,599 every year, while hoping to spend $37,761 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: 56/25/19 Blend
72$914,000$914,000$914,000$914,000
73$1,011,972$963,530$949,363$1,063,256
74$1,075,016$970,565$940,989$1,105,765
75$1,143,224$976,680$931,069$1,147,609
76$1,217,085$981,789$919,512$1,192,359
77$1,297,132$985,802$906,220$1,240,302
78$1,383,956$988,622$891,095$1,291,757
79$1,478,202$990,148$874,029$1,347,076
80$1,580,584$990,270$854,915$1,406,649
81$1,691,885$988,874$833,635$1,470,906
82$1,812,966$985,838$810,071$1,540,322
83$1,944,775$981,030$784,094$1,615,426
84$2,088,355$974,314$755,575$1,696,797
85$2,244,855$965,543$724,374$1,785,080
86$2,415,538$954,562$690,348$1,880,985
87$2,601,794$941,207$653,346$1,985,299
88$2,805,154$925,303$613,211$2,098,888
89$3,027,303$906,667$569,777$2,222,712
90$3,270,096$885,102$522,873$2,357,831
91$3,535,575$860,401$472,318$2,505,417
92$3,825,989$832,346$417,926$2,666,761
93$4,143,814$800,705$359,500$2,843,294
94$4,491,775$765,231$296,836$3,036,592
95$4,872,875$725,666$229,718$3,248,399
96$5,290,419$681,735$157,925$3,480,640
97$5,748,050$633,148$81,223$3,735,439
98$6,249,775$579,597$0$4,015,142
99$6,800,013$520,758$0$4,322,469
100$7,403,627$456,287$0$4,677,732