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%11.5%
1 years$75,477$74,805$74,149$73,509$72,884$72,424
2 years$37,365$36,669$35,995$35,341$34,706$34,243
3 years$24,663$23,964$23,291$22,643$22,019$21,566
4 years$18,313$17,616$16,950$16,313$15,704$15,265
5 years$14,504$13,811$13,154$12,530$11,938$11,514
6 years$11,965$11,278$10,630$10,020$9,446$9,038
7 years$10,153$9,471$8,834$8,238$7,682$7,290
8 years$8,794$8,118$7,492$6,911$6,373$5,997
9 years$7,738$7,069$6,453$5,887$5,367$5,006
10 years$6,893$6,231$5,626$5,074$4,573$4,228
11 years$6,203$5,547$4,953$4,416$3,933$3,603
12 years$5,628$4,978$4,395$3,874$3,408$3,094
13 years$5,141$4,499$3,927$3,420$2,972$2,672
14 years$4,725$4,090$3,528$3,036$2,605$2,320
15 years$4,365$3,736$3,186$2,707$2,294$2,022
16 years$4,049$3,428$2,888$2,424$2,027$1,769
17 years$3,772$3,157$2,628$2,178$1,798$1,553
18 years$3,525$2,917$2,399$1,963$1,598$1,367
19 years$3,305$2,703$2,196$1,774$1,425$1,205
20 years$3,106$2,512$2,016$1,606$1,273$1,065
21 years$2,927$2,340$1,854$1,458$1,139$943
22 years$2,765$2,184$1,709$1,326$1,021$836
23 years$2,617$2,043$1,578$1,207$916$742
24 years$2,481$1,914$1,459$1,101$824$659
25 years$2,356$1,796$1,351$1,006$741$586
26 years$2,242$1,688$1,253$919$668$522
27 years$2,135$1,589$1,164$842$602$465
28 years$2,037$1,497$1,082$771$543$415
29 years$1,946$1,412$1,007$707$490$370
30 years$1,861$1,334$938$649$443$331
31 years$1,781$1,261$874$596$401$295
32 years$1,707$1,193$816$548$362$264
33 years$1,637$1,130$762$504$328$236
34 years$1,571$1,071$712$463$297$211
35 years$1,510$1,016$665$427$269$189
36 years$1,452$964$622$393$244$169
37 years$1,397$916$583$362$221$151
38 years$1,345$870$546$334$200$135
39 years$1,296$827$511$308$182$121
40 years$1,250$787$479$284$165$108
41 years$1,206$749$449$262$149$97
42 years$1,164$714$421$242$136$87
43 years$1,124$680$395$223$123$78
44 years$1,086$648$371$206$112$70
45 years$1,050$618$349$190$101$63
46 years$1,015$590$327$176$92$56
47 years$983$563$308$162$84$50
48 years$951$537$289$150$76$45
49 years$921$513$272$139$69$40
50 years$892$490$255$128$63$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $914,000, adding $3,907 every year, while hoping to spend $45,538 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: 86/5/9 Blend
72$914,000$914,000$914,000$914,000
73$1,011,258$962,816$948,649$1,096,752
74$1,065,954$961,542$931,977$1,151,862
75$1,124,703$958,679$913,220$1,205,787
76$1,187,870$954,102$892,260$1,263,609
77$1,255,857$947,676$868,974$1,325,689
78$1,329,102$939,261$843,233$1,392,426
79$1,408,091$928,705$814,902$1,464,257
80$1,493,355$915,850$783,839$1,541,666
81$1,585,477$900,527$749,898$1,625,183
82$1,685,100$882,556$712,923$1,715,392
83$1,792,927$861,749$672,754$1,812,937
84$1,909,736$837,905$629,221$1,918,527
85$2,036,378$810,811$582,149$2,032,942
86$2,173,790$780,242$531,352$2,157,043
87$2,323,004$745,962$476,640$2,291,775
88$2,485,154$707,717$417,811$2,438,183
89$2,661,487$665,243$354,655$2,597,414
90$2,853,376$618,257$286,953$2,770,736
91$3,062,330$566,461$214,476$2,959,542
92$3,290,012$509,542$136,986$3,165,368
93$3,538,251$447,167$54,232$3,389,908
94$3,809,058$378,984$0$3,635,027
95$4,104,650$304,622$0$3,906,052
96$4,427,465$223,689$0$4,207,745
97$4,780,187$135,770$0$4,537,417
98$5,165,772$40,429$0$4,897,843
99$5,587,474$0$0$5,292,085
100$6,048,876$0$0$5,726,967