Can I retire at age 73 with 942,000?

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 $942,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$77,789$77,097$76,421$75,761$75,116$74,800
2 years$38,510$37,792$37,097$36,423$35,770$35,450
3 years$25,418$24,698$24,004$23,337$22,694$22,381
4 years$18,874$18,155$17,469$16,813$16,185$15,882
5 years$14,948$14,234$13,557$12,914$12,304$12,011
6 years$12,332$11,623$10,956$10,327$9,736$9,453
7 years$10,464$9,761$9,104$8,491$7,918$7,646
8 years$9,063$8,367$7,721$7,123$6,568$6,307
9 years$7,975$7,285$6,650$6,067$5,532$5,281
10 years$7,104$6,421$5,798$5,230$4,713$4,473
11 years$6,393$5,717$5,104$4,551$4,054$3,824
12 years$5,800$5,131$4,530$3,992$3,513$3,293
13 years$5,299$4,637$4,047$3,525$3,063$2,854
14 years$4,870$4,215$3,636$3,129$2,685$2,485
15 years$4,498$3,850$3,283$2,790$2,364$2,174
16 years$4,173$3,533$2,977$2,498$2,089$1,909
17 years$3,887$3,253$2,709$2,245$1,853$1,681
18 years$3,633$3,006$2,473$2,023$1,647$1,484
19 years$3,406$2,786$2,264$1,828$1,468$1,314
20 years$3,202$2,589$2,077$1,656$1,312$1,165
21 years$3,017$2,412$1,911$1,503$1,174$1,035
22 years$2,850$2,251$1,761$1,366$1,052$921
23 years$2,697$2,105$1,626$1,244$944$821
24 years$2,557$1,973$1,504$1,135$849$732
25 years$2,429$1,851$1,393$1,036$764$654
26 years$2,310$1,740$1,292$948$688$584
27 years$2,201$1,637$1,200$867$620$523
28 years$2,100$1,543$1,115$795$560$468
29 years$2,005$1,456$1,038$729$505$419
30 years$1,918$1,375$967$669$457$376
31 years$1,836$1,299$901$614$413$337
32 years$1,759$1,230$841$564$373$302
33 years$1,687$1,164$785$519$338$271
34 years$1,619$1,104$734$478$306$244
35 years$1,556$1,047$686$440$277$219
36 years$1,496$994$642$405$251$197
37 years$1,440$944$600$373$228$177
38 years$1,386$897$562$344$206$159
39 years$1,336$853$527$317$187$143
40 years$1,288$811$494$292$170$129
41 years$1,242$772$463$270$154$116
42 years$1,199$736$434$249$140$104
43 years$1,158$701$408$230$127$94
44 years$1,119$668$383$212$115$84
45 years$1,082$637$359$196$104$76
46 years$1,047$608$337$181$95$68
47 years$1,013$580$317$167$86$61
48 years$980$554$298$155$78$55
49 years$949$529$280$143$71$50
50 years$920$505$263$132$65$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $942,000, adding $2,194 every year, while hoping to spend $22,005 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: 59/18/23 Blend
72$942,000$942,000$942,000$942,000
73$1,040,347$990,421$975,820$1,095,208
74$1,123,049$1,015,539$985,097$1,157,897
75$1,213,450$1,041,149$993,947$1,223,669
76$1,312,310$1,067,254$1,002,333$1,294,927
77$1,420,470$1,093,854$1,010,215$1,372,207
78$1,538,852$1,120,947$1,017,552$1,456,098
79$1,668,475$1,148,533$1,024,299$1,547,253
80$1,810,457$1,176,609$1,030,411$1,646,388
81$1,966,034$1,205,173$1,035,840$1,754,292
82$2,136,563$1,234,220$1,040,534$1,871,838
83$2,323,541$1,263,745$1,044,441$1,999,983
84$2,528,615$1,293,742$1,047,503$2,139,785
85$2,753,602$1,324,203$1,049,662$2,292,409
86$3,000,500$1,355,120$1,050,856$2,459,138
87$3,271,511$1,386,481$1,051,020$2,641,387
88$3,569,062$1,418,275$1,050,086$2,840,714
89$3,895,824$1,450,489$1,047,982$3,058,838
90$4,254,742$1,483,106$1,044,633$3,297,652
91$4,649,058$1,516,111$1,039,960$3,559,243
92$5,082,344$1,549,483$1,033,882$3,845,909
93$5,558,537$1,583,202$1,026,311$4,160,187
94$6,081,973$1,617,243$1,017,157$4,504,867
95$6,657,427$1,651,581$1,006,324$4,883,030
96$7,290,163$1,686,187$993,715$5,298,068
97$7,985,979$1,721,029$979,223$5,753,720
98$8,751,263$1,756,074$962,742$6,254,107
99$9,593,053$1,791,283$944,155$6,803,772
100$10,519,105$1,826,616$923,345$7,407,720