Can I retire at age 73 with 940,000?

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 $940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$77,624$76,933$76,258$75,600$74,957$73,928
2 years$38,428$37,712$37,019$36,346$35,694$34,659
3 years$25,364$24,645$23,953$23,287$22,646$21,637
4 years$18,834$18,117$17,432$16,777$16,151$15,177
5 years$14,916$14,204$13,528$12,886$12,278$11,341
6 years$12,305$11,599$10,933$10,305$9,715$8,816
7 years$10,441$9,740$9,085$8,473$7,901$7,040
8 years$9,044$8,349$7,705$7,108$6,555$5,732
9 years$7,958$7,270$6,636$6,054$5,520$4,735
10 years$7,089$6,408$5,786$5,219$4,703$3,955
11 years$6,379$5,704$5,094$4,542$4,045$3,334
12 years$5,788$5,120$4,520$3,984$3,505$2,830
13 years$5,288$4,627$4,039$3,517$3,057$2,416
14 years$4,859$4,206$3,629$3,122$2,679$2,073
15 years$4,489$3,842$3,276$2,784$2,359$1,785
16 years$4,165$3,525$2,970$2,493$2,085$1,543
17 years$3,879$3,246$2,703$2,240$1,849$1,337
18 years$3,625$3,000$2,467$2,019$1,644$1,161
19 years$3,399$2,780$2,259$1,824$1,465$1,011
20 years$3,195$2,584$2,073$1,652$1,309$882
21 years$3,011$2,406$1,907$1,499$1,171$770
22 years$2,843$2,246$1,757$1,363$1,050$674
23 years$2,691$2,101$1,623$1,242$942$590
24 years$2,552$1,968$1,501$1,132$847$517
25 years$2,423$1,847$1,390$1,034$762$453
26 years$2,305$1,736$1,289$946$687$398
27 years$2,196$1,634$1,197$865$619$350
28 years$2,095$1,540$1,113$793$559$307
29 years$2,001$1,452$1,036$727$504$270
30 years$1,913$1,372$965$667$456$238
31 years$1,832$1,297$899$613$412$209
32 years$1,755$1,227$839$563$373$184
33 years$1,683$1,162$783$518$337$162
34 years$1,616$1,101$732$477$305$143
35 years$1,553$1,045$684$439$277$126
36 years$1,493$991$640$404$251$111
37 years$1,437$942$599$372$227$98
38 years$1,383$895$561$343$206$86
39 years$1,333$851$526$316$187$76
40 years$1,285$810$493$292$169$67
41 years$1,240$771$462$269$154$59
42 years$1,197$734$433$248$139$52
43 years$1,156$699$407$229$127$46
44 years$1,117$667$382$212$115$41
45 years$1,080$636$358$196$104$36
46 years$1,044$606$337$181$95$32
47 years$1,011$579$316$167$86$28
48 years$978$552$297$154$78$25
49 years$947$528$279$143$71$22
50 years$918$504$263$132$64$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $940,000, adding $4,478 every year, while hoping to spend $23,816 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: 58/24/18 Blend
72$940,000$940,000$940,000$940,000
73$1,040,499$990,679$976,109$1,095,689
74$1,121,290$1,013,882$983,469$1,156,843
75$1,209,523$1,037,424$990,277$1,220,493
76$1,305,933$1,061,296$996,489$1,289,344
77$1,411,327$1,085,489$1,002,061$1,363,900
78$1,526,596$1,109,991$1,006,943$1,444,719
79$1,652,718$1,134,790$1,011,085$1,532,415
80$1,790,772$1,159,872$1,014,434$1,627,663
81$1,941,947$1,185,222$1,016,933$1,731,209
82$2,107,550$1,210,822$1,018,524$1,843,873
83$2,289,021$1,236,653$1,019,146$1,966,560
84$2,487,947$1,262,695$1,018,733$2,100,266
85$2,706,075$1,288,924$1,017,218$2,246,090
86$2,945,329$1,315,316$1,014,530$2,405,243
87$3,207,830$1,341,844$1,010,593$2,579,058
88$3,495,910$1,368,476$1,005,330$2,769,005
89$3,812,143$1,395,181$998,658$2,976,705
90$4,159,360$1,421,924$990,492$3,203,944
91$4,540,683$1,448,666$980,741$3,452,690
92$4,959,548$1,475,366$969,311$3,725,111
93$5,419,742$1,501,979$956,104$4,023,599
94$5,925,437$1,528,457$941,015$4,350,789
95$6,481,229$1,554,749$923,936$4,709,586
96$7,092,180$1,580,798$904,754$5,103,189
97$7,763,870$1,606,544$883,350$5,535,127
98$8,502,443$1,631,923$859,601$6,009,290
99$9,314,669$1,656,865$833,375$6,529,963
100$10,208,010$1,681,295$804,538$7,101,870