Can I retire at age 73 with 938,000?

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 $938,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$77,459$76,769$76,096$75,439$74,797$72,900
2 years$38,346$37,632$36,940$36,269$35,618$33,719
3 years$25,310$24,593$23,903$23,238$22,597$20,756
4 years$18,793$18,078$17,395$16,741$16,117$14,347
5 years$14,884$14,174$13,499$12,859$12,252$10,559
6 years$12,279$11,574$10,909$10,283$9,694$8,079
7 years$10,419$9,720$9,066$8,455$7,884$6,348
8 years$9,025$8,332$7,688$7,092$6,541$5,082
9 years$7,941$7,254$6,622$6,041$5,508$4,126
10 years$7,074$6,394$5,773$5,208$4,693$3,386
11 years$6,365$5,692$5,083$4,532$4,036$2,802
12 years$5,775$5,109$4,511$3,975$3,498$2,334
13 years$5,276$4,617$4,030$3,510$3,050$1,955
14 years$4,849$4,197$3,621$3,115$2,674$1,644
15 years$4,479$3,834$3,269$2,778$2,354$1,388
16 years$4,156$3,518$2,964$2,488$2,081$1,175
17 years$3,871$3,240$2,697$2,235$1,845$998
18 years$3,618$2,993$2,462$2,014$1,640$849
19 years$3,391$2,774$2,254$1,820$1,462$723
20 years$3,188$2,578$2,069$1,649$1,306$617
21 years$3,004$2,401$1,903$1,496$1,169$527
22 years$2,837$2,242$1,754$1,360$1,048$451
23 years$2,685$2,096$1,619$1,239$940$386
24 years$2,546$1,964$1,497$1,130$845$331
25 years$2,418$1,843$1,387$1,032$761$283
26 years$2,300$1,732$1,286$944$685$243
27 years$2,192$1,630$1,194$864$618$209
28 years$2,091$1,536$1,110$791$557$179
29 years$1,997$1,449$1,033$726$503$154
30 years$1,909$1,369$963$666$455$132
31 years$1,828$1,294$897$612$411$114
32 years$1,751$1,224$837$562$372$98
33 years$1,680$1,159$782$517$337$84
34 years$1,613$1,099$730$476$305$72
35 years$1,549$1,042$683$438$276$62
36 years$1,490$989$639$403$250$53
37 years$1,434$940$598$371$227$46
38 years$1,380$893$560$342$205$39
39 years$1,330$849$525$316$186$34
40 years$1,282$808$492$291$169$29
41 years$1,237$769$461$269$153$25
42 years$1,194$732$432$248$139$22
43 years$1,153$698$406$229$126$19
44 years$1,114$665$381$211$115$16
45 years$1,077$634$358$195$104$14
46 years$1,042$605$336$180$94$12
47 years$1,008$577$316$167$86$10
48 years$976$551$297$154$78$9
49 years$945$526$279$142$71$8
50 years$916$503$262$131$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $938,000, adding $2,867 every year, while hoping to spend $40,514 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: 60/23/17 Blend
72$938,000$938,000$938,000$938,000
73$1,036,633$986,919$972,380$1,094,147
74$1,099,263$992,172$961,848$1,138,576
75$1,166,924$996,324$949,606$1,182,270
76$1,240,085$999,279$935,553$1,228,997
77$1,319,264$1,000,933$919,584$1,279,057
78$1,405,029$1,001,179$901,590$1,332,779
79$1,498,004$999,900$881,456$1,390,528
80$1,598,878$996,972$859,062$1,452,709
81$1,708,405$992,265$834,282$1,519,767
82$1,827,416$985,640$806,985$1,592,195
83$1,956,827$976,951$777,033$1,670,538
84$2,097,643$966,041$744,283$1,755,399
85$2,250,970$952,744$708,584$1,847,444
86$2,418,026$936,886$669,779$1,947,407
87$2,600,153$918,281$627,704$2,056,102
88$2,798,824$896,732$582,187$2,174,426
89$3,015,663$872,031$533,050$2,303,371
90$3,252,457$843,958$480,104$2,444,033
91$3,511,175$812,279$423,154$2,597,622
92$3,793,981$776,747$361,996$2,765,475
93$4,103,260$737,100$296,416$2,949,069
94$4,441,638$693,064$226,192$3,150,033
95$4,812,006$644,344$151,090$3,370,168
96$5,217,547$590,633$70,867$3,611,461
97$5,661,766$531,604$0$3,876,108
98$6,148,525$466,912$0$4,169,206
99$6,682,075$396,191$0$4,504,648
100$7,267,098$319,056$0$4,872,568