Can I retire at age 73 with 926,000?

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 $926,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$76,468$75,787$75,123$74,474$73,841$72,767
2 years$37,856$37,151$36,467$35,805$35,162$34,083
3 years$24,986$24,278$23,597$22,940$22,308$21,257
4 years$18,553$17,847$17,172$16,527$15,910$14,895
5 years$14,694$13,992$13,326$12,695$12,095$11,118
6 years$12,122$11,426$10,770$10,152$9,570$8,634
7 years$10,286$9,595$8,950$8,346$7,783$6,887
8 years$8,909$8,225$7,590$7,002$6,457$5,601
9 years$7,839$7,161$6,537$5,964$5,438$4,621
10 years$6,984$6,312$5,699$5,141$4,633$3,856
11 years$6,284$5,620$5,018$4,474$3,985$3,246
12 years$5,701$5,044$4,453$3,924$3,453$2,751
13 years$5,209$4,558$3,978$3,465$3,011$2,346
14 years$4,787$4,143$3,575$3,076$2,640$2,010
15 years$4,422$3,785$3,227$2,743$2,324$1,729
16 years$4,103$3,473$2,926$2,456$2,054$1,492
17 years$3,821$3,198$2,663$2,207$1,821$1,291
18 years$3,571$2,955$2,431$1,989$1,619$1,120
19 years$3,348$2,739$2,225$1,797$1,443$974
20 years$3,147$2,545$2,042$1,627$1,289$848
21 years$2,966$2,371$1,878$1,477$1,154$739
22 years$2,801$2,213$1,731$1,343$1,034$646
23 years$2,651$2,070$1,598$1,223$928$564
24 years$2,514$1,939$1,478$1,115$834$494
25 years$2,387$1,820$1,369$1,019$751$433
26 years$2,271$1,710$1,270$931$676$379
27 years$2,164$1,610$1,179$853$610$333
28 years$2,064$1,517$1,096$781$550$292
29 years$1,971$1,431$1,020$716$497$256
30 years$1,885$1,351$950$657$449$225
31 years$1,804$1,277$886$604$406$198
32 years$1,729$1,209$827$555$367$174
33 years$1,658$1,145$772$510$332$153
34 years$1,592$1,085$721$469$301$134
35 years$1,530$1,029$674$432$272$118
36 years$1,471$977$631$398$247$104
37 years$1,415$928$590$367$224$92
38 years$1,363$882$553$338$203$81
39 years$1,313$838$518$312$184$71
40 years$1,266$798$485$287$167$62
41 years$1,221$759$455$265$151$55
42 years$1,179$723$427$245$137$48
43 years$1,139$689$401$226$125$43
44 years$1,100$657$376$209$113$38
45 years$1,064$626$353$193$103$33
46 years$1,029$597$332$178$93$29
47 years$995$570$312$164$85$26
48 years$964$544$293$152$77$23
49 years$933$520$275$140$70$20
50 years$904$496$259$130$63$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $926,000, adding $3,325 every year, while hoping to spend $55,614 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: 57/15/28 Blend
72$926,000$926,000$926,000$926,000
73$1,023,882$974,804$960,451$1,074,205
74$1,069,145$963,396$933,453$1,097,716
75$1,117,161$949,566$903,687$1,117,226
76$1,168,152$933,135$871,001$1,137,356
77$1,222,360$913,916$835,237$1,158,181
78$1,280,053$891,710$796,229$1,179,791
79$1,341,520$866,305$753,804$1,202,284
80$1,407,080$837,479$707,781$1,225,774
81$1,477,081$804,995$657,972$1,250,388
82$1,551,908$768,603$604,177$1,276,270
83$1,631,977$728,040$546,192$1,303,581
84$1,717,750$683,025$483,801$1,332,505
85$1,809,729$633,262$416,777$1,363,246
86$1,908,469$578,439$344,887$1,396,034
87$2,014,576$518,226$267,883$1,431,129
88$2,128,716$452,273$185,511$1,468,819
89$2,251,621$380,210$97,502$1,509,429
90$2,384,095$301,648$3,576$1,553,321
91$2,527,019$216,176$0$1,600,901
92$2,681,364$123,357$0$1,681,499
93$2,848,194$22,732$0$1,769,760
94$3,028,680$0$0$1,865,272
95$3,224,111$0$0$1,982,989
96$3,435,900$0$0$2,114,693
97$3,665,604$0$0$2,257,608
98$3,914,934$0$0$2,412,807
99$4,185,772$0$0$2,581,472
100$4,480,189$0$0$2,764,902