Can I retire at age 73 with 917,000?

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 $917,000?

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$75,725$75,050$74,392$73,750$73,123$71,764
2 years$37,488$36,789$36,113$35,457$34,820$33,456
3 years$24,743$24,042$23,367$22,717$22,092$20,765
4 years$18,373$17,674$17,005$16,367$15,756$14,477
5 years$14,551$13,856$13,197$12,571$11,977$10,750
6 years$12,004$11,315$10,665$10,053$9,477$8,302
7 years$10,186$9,502$8,863$8,265$7,708$6,585
8 years$8,823$8,145$7,516$6,934$6,394$5,325
9 years$7,763$7,092$6,474$5,906$5,385$4,367
10 years$6,916$6,251$5,644$5,091$4,588$3,622
11 years$6,223$5,565$4,969$4,431$3,946$3,030
12 years$5,646$4,995$4,410$3,886$3,419$2,552
13 years$5,158$4,514$3,940$3,431$2,982$2,162
14 years$4,741$4,103$3,540$3,046$2,614$1,839
15 years$4,379$3,748$3,196$2,716$2,301$1,571
16 years$4,063$3,439$2,898$2,432$2,034$1,347
17 years$3,784$3,167$2,637$2,185$1,804$1,157
18 years$3,537$2,926$2,407$1,969$1,604$997
19 years$3,315$2,712$2,204$1,779$1,429$860
20 years$3,117$2,520$2,022$1,612$1,277$743
21 years$2,937$2,348$1,860$1,463$1,143$643
22 years$2,774$2,191$1,714$1,330$1,024$557
23 years$2,625$2,050$1,583$1,211$919$484
24 years$2,489$1,920$1,464$1,105$826$420
25 years$2,364$1,802$1,356$1,009$744$365
26 years$2,249$1,694$1,258$922$670$317
27 years$2,142$1,594$1,168$844$604$276
28 years$2,044$1,502$1,086$774$545$240
29 years$1,952$1,417$1,010$709$492$209
30 years$1,867$1,338$941$651$445$182
31 years$1,787$1,265$877$598$402$159
32 years$1,712$1,197$818$549$364$138
33 years$1,642$1,134$764$505$329$121
34 years$1,576$1,074$714$465$298$105
35 years$1,515$1,019$668$428$270$92
36 years$1,456$967$625$394$244$80
37 years$1,401$919$585$363$222$70
38 years$1,349$873$547$335$201$61
39 years$1,300$830$513$309$182$53
40 years$1,254$790$481$285$165$46
41 years$1,209$752$451$263$150$41
42 years$1,167$716$423$242$136$35
43 years$1,128$682$397$224$123$31
44 years$1,090$650$372$207$112$27
45 years$1,053$620$350$191$102$24
46 years$1,019$592$328$176$92$21
47 years$986$565$309$163$84$18
48 years$954$539$290$150$76$16
49 years$924$515$273$139$69$14
50 years$895$492$256$129$63$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $917,000, adding $5,587 every year, while hoping to spend $28,707 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: 33/40/27 Blend
72$917,000$917,000$917,000$917,000
73$1,016,297$967,696$953,482$1,041,337
74$1,089,415$984,569$954,880$1,077,660
75$1,169,029$1,001,307$955,362$1,113,830
76$1,255,772$1,017,872$954,868$1,152,249
77$1,350,338$1,034,226$953,334$1,193,137
78$1,453,495$1,050,324$950,693$1,236,734
79$1,566,083$1,066,123$946,873$1,283,310
80$1,689,033$1,081,572$941,803$1,333,159
81$1,823,364$1,096,619$935,403$1,386,610
82$1,970,202$1,111,208$927,594$1,444,026
83$2,130,784$1,125,279$918,290$1,505,808
84$2,306,474$1,138,767$907,402$1,572,400
85$2,498,772$1,151,604$894,838$1,644,293
86$2,709,331$1,163,717$880,499$1,722,031
87$2,939,971$1,175,028$864,284$1,806,214
88$3,192,697$1,185,453$846,086$1,897,506
89$3,469,715$1,194,903$825,793$1,996,642
90$3,773,457$1,203,284$803,289$2,104,433
91$4,106,601$1,210,496$778,450$2,221,778
92$4,472,095$1,216,431$751,149$2,349,667
93$4,873,188$1,220,976$721,251$2,489,197
94$5,313,458$1,224,008$688,618$2,641,580
95$5,796,847$1,225,401$653,103$2,808,155
96$6,327,696$1,225,016$614,552$2,990,399
97$6,910,787$1,222,709$572,807$3,189,948
98$7,551,391$1,218,325$527,699$3,408,606
99$8,255,311$1,211,701$479,055$3,648,366
100$9,028,942$1,202,663$426,692$3,911,431