Can I retire at age 73 with 943,000?

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 $943,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$77,872$77,178$76,502$75,841$75,196$73,171
2 years$38,551$37,833$37,137$36,462$35,808$33,781
3 years$25,445$24,724$24,030$23,362$22,718$20,754
4 years$18,894$18,175$17,488$16,831$16,203$14,317
5 years$14,964$14,249$13,571$12,928$12,317$10,514
6 years$12,345$11,636$10,967$10,338$9,746$8,028
7 years$10,475$9,772$9,114$8,500$7,926$6,293
8 years$9,073$8,376$7,729$7,130$6,575$5,026
9 years$7,983$7,293$6,657$6,073$5,537$4,071
10 years$7,112$6,428$5,804$5,235$4,718$3,332
11 years$6,399$5,723$5,110$4,556$4,058$2,750
12 years$5,806$5,136$4,535$3,996$3,516$2,285
13 years$5,305$4,642$4,052$3,528$3,066$1,909
14 years$4,875$4,219$3,640$3,132$2,688$1,601
15 years$4,503$3,854$3,287$2,793$2,367$1,348
16 years$4,178$3,536$2,980$2,501$2,092$1,138
17 years$3,891$3,257$2,712$2,247$1,855$963
18 years$3,637$3,009$2,475$2,025$1,649$817
19 years$3,409$2,789$2,266$1,830$1,470$694
20 years$3,205$2,592$2,080$1,657$1,313$590
21 years$3,020$2,414$1,913$1,504$1,175$503
22 years$2,853$2,254$1,763$1,368$1,053$429
23 years$2,700$2,108$1,628$1,245$945$366
24 years$2,560$1,975$1,505$1,136$850$312
25 years$2,431$1,853$1,394$1,037$765$267
26 years$2,313$1,742$1,293$949$689$228
27 years$2,203$1,639$1,201$868$621$195
28 years$2,102$1,545$1,116$795$560$167
29 years$2,007$1,457$1,039$729$506$143
30 years$1,920$1,376$968$669$457$122
31 years$1,837$1,301$902$615$413$105
32 years$1,761$1,231$842$565$374$90
33 years$1,689$1,166$786$520$338$77
34 years$1,621$1,105$734$478$306$66
35 years$1,558$1,048$687$440$277$56
36 years$1,498$995$642$405$251$48
37 years$1,441$945$601$373$228$42
38 years$1,388$898$563$344$207$36
39 years$1,337$854$527$317$187$30
40 years$1,289$812$494$293$170$26
41 years$1,244$773$464$270$154$22
42 years$1,201$736$435$249$140$19
43 years$1,160$702$408$230$127$16
44 years$1,120$669$383$212$115$14
45 years$1,083$638$360$196$105$12
46 years$1,048$608$338$181$95$10
47 years$1,014$581$317$167$86$9
48 years$981$554$298$155$78$8
49 years$950$529$280$143$71$7
50 years$921$506$263$132$65$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $943,000, adding $4,330 every year, while hoping to spend $35,048 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: 67/6/27 Blend
72$943,000$943,000$943,000$943,000
73$1,043,652$993,673$979,057$1,105,954
74$1,112,814$1,005,073$974,565$1,159,837
75$1,187,856$1,015,856$968,747$1,214,393
76$1,269,340$1,025,955$961,523$1,273,273
77$1,357,886$1,035,300$952,807$1,336,907
78$1,454,174$1,043,814$942,510$1,405,766
79$1,558,954$1,051,415$930,538$1,480,374
80$1,673,049$1,058,017$916,793$1,561,305
81$1,797,368$1,063,527$901,173$1,649,196
82$1,932,907$1,067,848$883,571$1,744,748
83$2,080,766$1,070,875$863,873$1,848,733
84$2,242,154$1,072,497$841,962$1,962,005
85$2,418,401$1,072,597$817,716$2,085,504
86$2,610,974$1,071,050$791,005$2,220,270
87$2,821,485$1,067,723$761,695$2,367,447
88$3,051,709$1,062,475$729,645$2,528,299
89$3,303,604$1,055,156$694,708$2,704,219
90$3,579,321$1,045,608$656,730$2,896,744
91$3,881,232$1,033,663$615,551$3,107,569
92$4,211,947$1,019,143$571,002$3,338,564
93$4,574,343$1,001,858$522,907$3,591,792
94$4,971,586$981,608$471,084$3,869,527
95$5,407,163$958,182$415,341$4,174,277
96$5,884,916$931,356$355,477$4,508,809
97$6,409,076$900,891$291,284$4,876,173
98$6,984,302$866,535$222,543$5,279,735
99$7,615,730$828,024$149,027$5,723,203
100$8,309,012$785,075$70,497$6,210,669