Can I retire at age 73 with 944,000?

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 $944,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$77,955$77,260$76,583$75,922$75,276$74,274
2 years$38,591$37,873$37,176$36,501$35,846$34,838
3 years$25,472$24,750$24,055$23,386$22,742$21,759
4 years$18,914$18,194$17,506$16,849$16,220$15,270
5 years$14,980$14,264$13,586$12,941$12,330$11,416
6 years$12,358$11,648$10,979$10,349$9,756$8,879
7 years$10,486$9,782$9,124$8,509$7,934$7,095
8 years$9,082$8,385$7,738$7,138$6,582$5,780
9 years$7,992$7,301$6,664$6,080$5,543$4,777
10 years$7,119$6,435$5,810$5,241$4,723$3,993
11 years$6,406$5,729$5,115$4,561$4,062$3,368
12 years$5,812$5,142$4,540$4,001$3,520$2,860
13 years$5,310$4,647$4,056$3,532$3,070$2,444
14 years$4,880$4,224$3,644$3,135$2,691$2,098
15 years$4,508$3,858$3,290$2,796$2,369$1,808
16 years$4,182$3,540$2,983$2,504$2,094$1,564
17 years$3,895$3,260$2,714$2,250$1,857$1,356
18 years$3,641$3,013$2,478$2,027$1,651$1,179
19 years$3,413$2,792$2,268$1,832$1,471$1,027
20 years$3,208$2,595$2,082$1,659$1,314$896
21 years$3,023$2,417$1,915$1,506$1,176$783
22 years$2,856$2,256$1,765$1,369$1,054$686
23 years$2,703$2,110$1,630$1,247$946$601
24 years$2,562$1,977$1,507$1,137$851$527
25 years$2,434$1,855$1,396$1,039$765$463
26 years$2,315$1,744$1,295$950$689$406
27 years$2,206$1,641$1,202$869$622$357
28 years$2,104$1,546$1,118$796$561$314
29 years$2,010$1,459$1,040$730$506$277
30 years$1,922$1,378$969$670$458$244
31 years$1,839$1,302$903$616$414$215
32 years$1,763$1,232$843$566$374$189
33 years$1,691$1,167$787$520$339$167
34 years$1,623$1,106$735$479$307$147
35 years$1,559$1,049$687$441$278$130
36 years$1,499$996$643$406$252$114
37 years$1,443$946$602$374$228$101
38 years$1,389$899$564$345$207$89
39 years$1,339$855$528$318$188$78
40 years$1,291$813$495$293$170$69
41 years$1,245$774$464$270$154$61
42 years$1,202$737$435$250$140$54
43 years$1,161$702$408$230$127$48
44 years$1,122$669$383$213$115$42
45 years$1,084$638$360$196$105$37
46 years$1,049$609$338$181$95$33
47 years$1,015$581$318$168$86$29
48 years$982$555$298$155$78$26
49 years$951$530$281$143$71$23
50 years$922$506$264$132$65$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $944,000, adding $6,557 every year, while hoping to spend $45,026 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: 51/25/24 Blend
72$944,000$944,000$944,000$944,000
73$1,047,052$997,020$982,388$1,093,115
74$1,105,943$997,966$967,390$1,126,695
75$1,169,333$997,450$950,381$1,158,076
76$1,237,632$995,352$931,246$1,191,277
77$1,311,292$991,546$909,864$1,226,490
78$1,390,809$985,897$886,110$1,263,926
79$1,476,728$978,262$859,851$1,303,823
80$1,569,649$968,492$830,951$1,346,443
81$1,670,230$956,424$799,264$1,392,079
82$1,779,195$941,891$764,641$1,441,056
83$1,897,341$924,711$726,925$1,493,735
84$2,025,543$904,695$685,949$1,550,518
85$2,164,763$881,640$641,544$1,611,851
86$2,316,061$855,333$593,528$1,678,228
87$2,480,602$825,547$541,714$1,750,199
88$2,659,668$792,043$485,906$1,828,372
89$2,854,669$754,568$425,898$1,913,422
90$3,067,157$712,854$361,478$2,006,100
91$3,298,840$666,617$292,420$2,107,235
92$3,551,598$615,557$218,493$2,217,748
93$3,827,500$559,359$139,451$2,338,658
94$4,128,824$497,686$55,042$2,471,094
95$4,458,077$430,185$0$2,616,307
96$4,818,019$356,483$0$2,784,654
97$5,211,689$276,183$0$2,984,322
98$5,642,434$188,869$0$3,202,970
99$6,113,939$94,100$0$3,442,553
100$6,630,260$0$0$3,705,230