Can I retire at age 73 with 922,000?

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 $922,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$76,138$75,460$74,798$74,152$73,522$72,967
2 years$37,692$36,990$36,310$35,650$35,010$34,451
3 years$24,878$24,173$23,495$22,841$22,212$21,665
4 years$18,473$17,770$17,098$16,456$15,842$15,312
5 years$14,631$13,932$13,269$12,640$12,043$11,531
6 years$12,070$11,376$10,723$10,108$9,529$9,037
7 years$10,241$9,554$8,911$8,310$7,750$7,277
8 years$8,871$8,189$7,557$6,971$6,429$5,976
9 years$7,805$7,130$6,509$5,938$5,414$4,980
10 years$6,953$6,285$5,675$5,119$4,613$4,198
11 years$6,257$5,595$4,996$4,455$3,967$3,571
12 years$5,677$5,022$4,434$3,907$3,438$3,060
13 years$5,186$4,538$3,961$3,450$2,998$2,638
14 years$4,766$4,125$3,559$3,062$2,628$2,286
15 years$4,403$3,769$3,214$2,731$2,314$1,989
16 years$4,085$3,458$2,914$2,445$2,045$1,737
17 years$3,805$3,184$2,651$2,197$1,813$1,521
18 years$3,556$2,942$2,420$1,980$1,612$1,336
19 years$3,333$2,727$2,216$1,789$1,437$1,175
20 years$3,134$2,534$2,033$1,620$1,284$1,036
21 years$2,953$2,360$1,870$1,471$1,149$915
22 years$2,789$2,203$1,724$1,337$1,030$810
23 years$2,640$2,061$1,592$1,218$924$717
24 years$2,503$1,931$1,472$1,111$831$636
25 years$2,377$1,812$1,363$1,014$748$564
26 years$2,261$1,703$1,264$927$673$501
27 years$2,154$1,603$1,174$849$607$446
28 years$2,055$1,510$1,091$778$548$396
29 years$1,963$1,425$1,016$713$495$353
30 years$1,877$1,345$946$655$447$314
31 years$1,797$1,272$882$601$404$280
32 years$1,722$1,203$823$552$366$250
33 years$1,651$1,140$768$508$331$223
34 years$1,585$1,080$718$467$300$199
35 years$1,523$1,025$671$430$271$177
36 years$1,464$972$628$396$246$158
37 years$1,409$924$588$365$223$141
38 years$1,357$878$550$337$202$126
39 years$1,307$835$516$310$183$113
40 years$1,261$794$483$286$166$101
41 years$1,216$756$453$264$151$90
42 years$1,174$720$425$244$137$80
43 years$1,134$686$399$225$124$72
44 years$1,095$654$374$208$113$64
45 years$1,059$623$352$192$102$57
46 years$1,024$595$330$177$93$51
47 years$991$568$310$164$84$46
48 years$959$542$292$151$77$41
49 years$929$517$274$140$70$37
50 years$900$494$258$129$63$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $922,000, adding $4,788 every year, while hoping to spend $55,511 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: 56/19/25 Blend
72$922,000$922,000$922,000$922,000
73$1,020,983$972,117$957,826$1,070,930
74$1,066,060$960,687$930,850$1,094,288
75$1,113,874$946,837$901,109$1,113,490
76$1,164,646$930,389$868,454$1,133,250
77$1,218,618$911,156$832,724$1,153,640
78$1,276,053$888,938$793,756$1,174,741
79$1,337,239$863,526$751,377$1,196,643
80$1,402,495$834,695$705,405$1,219,452
81$1,472,165$802,211$655,652$1,243,285
82$1,546,630$765,824$601,920$1,268,276
83$1,626,306$725,269$544,004$1,294,578
84$1,711,650$680,268$481,689$1,322,359
85$1,803,162$630,524$414,749$1,351,812
86$1,901,390$575,726$342,949$1,383,154
87$2,006,939$515,544$266,045$1,416,627
88$2,120,470$449,628$183,780$1,452,505
89$2,242,708$377,611$95,888$1,491,092
90$2,374,453$299,102$2,088$1,532,733
91$2,516,579$213,690$0$1,577,810
92$2,670,050$120,941$0$1,652,898
93$2,835,924$20,395$0$1,734,625
94$3,015,363$0$0$1,823,055
95$3,209,645$0$0$1,937,362
96$3,420,176$0$0$2,065,918
97$3,648,500$0$0$2,205,412
98$3,896,316$0$0$2,356,891
99$4,165,493$0$0$2,521,505
100$4,458,086$0$0$2,700,524