Can I retire at age 73 with 925,000?

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 $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$76,386$75,705$75,041$74,393$73,761$72,154
2 years$37,815$37,110$36,428$35,766$35,124$33,513
3 years$24,959$24,252$23,571$22,916$22,284$20,719
4 years$18,533$17,828$17,154$16,509$15,893$14,387
5 years$14,678$13,977$13,312$12,681$12,082$10,638
6 years$12,109$11,413$10,758$10,141$9,560$8,180
7 years$10,275$9,585$8,940$8,337$7,775$6,460
8 years$8,900$8,216$7,582$6,994$6,450$5,199
9 years$7,831$7,154$6,530$5,957$5,432$4,244
10 years$6,976$6,306$5,693$5,135$4,628$3,502
11 years$6,277$5,613$5,012$4,469$3,980$2,915
12 years$5,695$5,038$4,448$3,920$3,449$2,442
13 years$5,203$4,553$3,974$3,461$3,008$2,058
14 years$4,782$4,139$3,571$3,072$2,637$1,742
15 years$4,417$3,781$3,224$2,740$2,322$1,480
16 years$4,098$3,469$2,923$2,453$2,052$1,261
17 years$3,817$3,195$2,660$2,204$1,819$1,077
18 years$3,567$2,952$2,428$1,986$1,618$922
19 years$3,344$2,736$2,223$1,795$1,442$791
20 years$3,144$2,542$2,040$1,626$1,288$680
21 years$2,963$2,368$1,876$1,475$1,152$585
22 years$2,798$2,211$1,729$1,341$1,033$504
23 years$2,648$2,067$1,597$1,222$927$434
24 years$2,511$1,937$1,477$1,114$833$375
25 years$2,385$1,818$1,368$1,018$750$323
26 years$2,269$1,708$1,269$930$676$279
27 years$2,161$1,608$1,178$852$609$242
28 years$2,062$1,515$1,095$780$550$209
29 years$1,969$1,429$1,019$716$496$181
30 years$1,883$1,350$949$657$448$156
31 years$1,802$1,276$885$603$405$135
32 years$1,727$1,207$826$554$367$117
33 years$1,657$1,143$771$510$332$102
34 years$1,590$1,084$720$469$300$88
35 years$1,528$1,028$673$432$272$76
36 years$1,469$976$630$398$247$66
37 years$1,414$927$590$366$223$57
38 years$1,361$881$552$338$203$50
39 years$1,312$837$517$311$184$43
40 years$1,265$797$485$287$167$37
41 years$1,220$758$455$265$151$32
42 years$1,178$722$426$245$137$28
43 years$1,137$688$400$226$125$24
44 years$1,099$656$376$208$113$21
45 years$1,062$626$353$192$103$18
46 years$1,028$597$331$178$93$16
47 years$994$569$311$164$85$14
48 years$963$544$292$152$77$12
49 years$932$519$275$140$70$10
50 years$903$496$258$130$63$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $925,000, adding $3,766 every year, while hoping to spend $49,034 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: 50/31/19 Blend
72$925,000$925,000$925,000$925,000
73$1,023,235$974,210$959,872$1,068,809
74$1,075,433$969,774$939,856$1,096,264
75$1,131,312$963,478$917,526$1,120,741
76$1,191,195$955,178$892,753$1,146,296
77$1,255,438$944,723$865,401$1,173,050
78$1,324,430$931,951$835,329$1,201,137
79$1,398,599$916,694$802,390$1,230,709
80$1,478,414$898,770$766,428$1,261,936
81$1,564,390$877,988$727,281$1,295,008
82$1,657,095$854,146$684,782$1,330,137
83$1,757,148$827,029$638,752$1,367,563
84$1,865,235$796,411$589,008$1,407,552
85$1,982,106$762,052$535,356$1,450,402
86$2,108,586$723,697$477,596$1,496,445
87$2,245,582$681,079$415,516$1,546,054
88$2,394,093$633,913$348,897$1,599,642
89$2,555,215$581,900$277,509$1,657,672
90$2,730,154$524,720$201,113$1,720,657
91$2,920,238$462,039$119,459$1,789,172
92$3,126,925$393,503$32,284$1,863,854
93$3,351,824$318,736$0$1,945,412
94$3,596,699$237,343$0$2,046,952
95$3,863,495$148,906$0$2,164,819
96$4,154,353$52,984$0$2,293,499
97$4,471,627$0$0$2,434,135
98$4,817,909$0$0$2,605,357
99$5,196,052$0$0$2,812,160
100$5,609,197$0$0$3,038,201