Can I retire at age 73 with 942,000?

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 $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%13%
1 years$77,789$77,097$76,421$75,761$75,116$74,178
2 years$38,510$37,792$37,097$36,423$35,770$34,825
3 years$25,418$24,698$24,004$23,337$22,694$21,773
4 years$18,874$18,155$17,469$16,813$16,185$15,295
5 years$14,948$14,234$13,557$12,914$12,304$11,447
6 years$12,332$11,623$10,956$10,327$9,736$8,913
7 years$10,464$9,761$9,104$8,491$7,918$7,129
8 years$9,063$8,367$7,721$7,123$6,568$5,815
9 years$7,975$7,285$6,650$6,067$5,532$4,812
10 years$7,104$6,421$5,798$5,230$4,713$4,027
11 years$6,393$5,717$5,104$4,551$4,054$3,400
12 years$5,800$5,131$4,530$3,992$3,513$2,892
13 years$5,299$4,637$4,047$3,525$3,063$2,474
14 years$4,870$4,215$3,636$3,129$2,685$2,126
15 years$4,498$3,850$3,283$2,790$2,364$1,835
16 years$4,173$3,533$2,977$2,498$2,089$1,589
17 years$3,887$3,253$2,709$2,245$1,853$1,380
18 years$3,633$3,006$2,473$2,023$1,647$1,202
19 years$3,406$2,786$2,264$1,828$1,468$1,048
20 years$3,202$2,589$2,077$1,656$1,312$916
21 years$3,017$2,412$1,911$1,503$1,174$802
22 years$2,850$2,251$1,761$1,366$1,052$703
23 years$2,697$2,105$1,626$1,244$944$617
24 years$2,557$1,973$1,504$1,135$849$542
25 years$2,429$1,851$1,393$1,036$764$477
26 years$2,310$1,740$1,292$948$688$419
27 years$2,201$1,637$1,200$867$620$369
28 years$2,100$1,543$1,115$795$560$325
29 years$2,005$1,456$1,038$729$505$287
30 years$1,918$1,375$967$669$457$253
31 years$1,836$1,299$901$614$413$223
32 years$1,759$1,230$841$564$373$197
33 years$1,687$1,164$785$519$338$174
34 years$1,619$1,104$734$478$306$154
35 years$1,556$1,047$686$440$277$136
36 years$1,496$994$642$405$251$120
37 years$1,440$944$600$373$228$106
38 years$1,386$897$562$344$206$94
39 years$1,336$853$527$317$187$83
40 years$1,288$811$494$292$170$73
41 years$1,242$772$463$270$154$65
42 years$1,199$736$434$249$140$57
43 years$1,158$701$408$230$127$51
44 years$1,119$668$383$212$115$45
45 years$1,082$637$359$196$104$40
46 years$1,047$608$337$181$95$35
47 years$1,013$580$317$167$86$31
48 years$980$554$298$155$78$27
49 years$949$529$280$143$71$24
50 years$920$505$263$132$65$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $942,000, adding $3,199 every year, while hoping to spend $56,265 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: 79/15/6 Blend
72$942,000$942,000$942,000$942,000
73$1,041,384$991,458$976,857$1,122,892
74$1,087,739$980,174$949,716$1,165,471
75$1,136,938$966,451$919,780$1,204,456
76$1,189,209$950,111$886,896$1,245,526
77$1,244,805$930,963$850,904$1,288,863
78$1,304,003$908,808$811,637$1,334,665
79$1,367,104$883,432$768,920$1,383,149
80$1,434,439$854,611$722,569$1,434,559
81$1,506,371$822,106$672,394$1,489,159
82$1,583,296$785,665$618,196$1,547,245
83$1,665,652$745,022$559,764$1,609,141
84$1,753,915$699,894$496,883$1,675,205
85$1,848,609$649,984$429,323$1,745,833
86$1,950,310$594,976$356,848$1,821,460
87$2,059,648$534,536$279,209$1,902,569
88$2,177,316$468,312$196,147$1,989,692
89$2,304,075$395,933$107,391$2,083,415
90$2,440,761$317,004$12,659$2,184,387
91$2,588,292$231,110$0$2,293,325
92$2,747,676$137,812$0$2,416,678
93$2,920,021$36,648$0$2,550,893
94$3,106,546$0$0$2,696,140
95$3,308,591$0$0$2,865,532
96$3,527,626$0$0$3,055,752
97$3,765,273$0$0$3,262,160
98$4,023,311$0$0$3,486,305
99$4,303,700$0$0$3,729,892
100$4,608,593$0$0$3,994,796