Can I retire at age 73 with 916,000?

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 $916,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$75,642$74,969$74,311$73,670$73,043$71,686
2 years$37,447$36,749$36,073$35,418$34,782$33,420
3 years$24,717$24,016$23,342$22,693$22,067$20,742
4 years$18,353$17,654$16,987$16,349$15,739$14,461
5 years$14,535$13,841$13,183$12,557$11,964$10,738
6 years$11,991$11,302$10,653$10,042$9,467$8,293
7 years$10,175$9,492$8,853$8,256$7,699$6,578
8 years$8,813$8,136$7,508$6,926$6,387$5,319
9 years$7,755$7,084$6,467$5,899$5,379$4,363
10 years$6,908$6,244$5,638$5,085$4,583$3,618
11 years$6,216$5,559$4,963$4,426$3,942$3,026
12 years$5,640$4,989$4,405$3,882$3,416$2,549
13 years$5,153$4,509$3,936$3,427$2,979$2,159
14 years$4,735$4,098$3,536$3,042$2,611$1,837
15 years$4,374$3,744$3,193$2,713$2,299$1,570
16 years$4,058$3,435$2,895$2,429$2,032$1,345
17 years$3,780$3,164$2,634$2,183$1,802$1,156
18 years$3,533$2,923$2,404$1,967$1,602$995
19 years$3,312$2,709$2,201$1,777$1,428$859
20 years$3,113$2,518$2,020$1,610$1,275$742
21 years$2,934$2,345$1,858$1,461$1,141$643
22 years$2,771$2,189$1,713$1,328$1,023$557
23 years$2,622$2,047$1,581$1,210$918$483
24 years$2,486$1,918$1,462$1,103$825$419
25 years$2,362$1,800$1,354$1,008$743$364
26 years$2,247$1,692$1,256$921$669$317
27 years$2,140$1,592$1,166$843$603$276
28 years$2,042$1,500$1,084$773$544$240
29 years$1,950$1,415$1,009$709$491$209
30 years$1,865$1,337$940$650$444$182
31 years$1,785$1,264$876$597$401$159
32 years$1,710$1,196$818$549$363$138
33 years$1,640$1,132$763$505$329$121
34 years$1,575$1,073$713$464$298$105
35 years$1,513$1,018$667$428$270$92
36 years$1,455$966$624$394$244$80
37 years$1,400$918$584$363$221$70
38 years$1,348$872$547$334$201$61
39 years$1,299$829$512$308$182$53
40 years$1,252$789$480$284$165$46
41 years$1,208$751$450$262$150$41
42 years$1,166$715$422$242$136$35
43 years$1,126$681$396$224$123$31
44 years$1,088$650$372$206$112$27
45 years$1,052$619$349$191$102$24
46 years$1,018$591$328$176$92$21
47 years$985$564$308$163$84$18
48 years$953$538$290$150$76$16
49 years$923$514$272$139$69$14
50 years$894$491$256$128$63$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $916,000, adding $3,578 every year, while hoping to spend $40,737 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: 49/26/25 Blend
72$916,000$916,000$916,000$916,000
73$1,013,123$964,575$950,377$1,055,435
74$1,073,117$968,495$938,870$1,089,271
75$1,137,866$971,242$925,613$1,121,656
76$1,207,811$972,715$910,504$1,156,022
77$1,283,437$972,808$893,436$1,192,578
78$1,365,279$971,407$874,297$1,231,550
79$1,453,924$968,392$852,972$1,273,194
80$1,550,015$963,634$829,337$1,317,791
81$1,654,263$956,999$803,267$1,365,654
82$1,767,449$948,342$774,627$1,417,131
83$1,890,429$937,512$743,277$1,472,609
84$2,024,148$924,345$709,073$1,532,514
85$2,169,645$908,672$671,860$1,597,323
86$2,328,062$890,310$631,481$1,667,560
87$2,500,657$869,068$587,768$1,743,811
88$2,688,813$844,741$540,548$1,826,721
89$2,894,054$817,115$489,637$1,917,008
90$3,118,054$785,961$434,848$2,015,465
91$3,362,661$751,038$375,980$2,122,972
92$3,629,904$712,091$312,827$2,240,503
93$3,922,019$668,848$245,172$2,369,135
94$4,241,469$621,026$172,789$2,510,062
95$4,590,965$568,322$95,443$2,664,604
96$4,973,490$510,417$12,887$2,834,223
97$5,392,331$446,973$0$3,020,534
98$5,851,108$377,633$0$3,245,390
99$6,353,807$302,023$0$3,495,676
100$6,904,815$219,742$0$3,770,214