Can I retire at age 73 with 945,000?

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 $945,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$78,037$77,342$76,664$76,002$75,356$74,138
2 years$38,632$37,913$37,215$36,539$35,884$34,660
3 years$25,499$24,776$24,081$23,411$22,766$21,575
4 years$18,934$18,213$17,525$16,866$16,237$15,087
5 years$14,996$14,279$13,600$12,955$12,343$11,238
6 years$12,371$11,660$10,991$10,360$9,767$8,708
7 years$10,497$9,792$9,133$8,518$7,943$6,930
8 years$9,092$8,394$7,746$7,145$6,589$5,623
9 years$8,000$7,308$6,671$6,086$5,549$4,629
10 years$7,127$6,442$5,816$5,246$4,728$3,853
11 years$6,413$5,735$5,121$4,566$4,066$3,235
12 years$5,818$5,147$4,544$4,005$3,524$2,735
13 years$5,316$4,652$4,060$3,536$3,073$2,326
14 years$4,885$4,228$3,648$3,139$2,694$1,988
15 years$4,513$3,863$3,294$2,799$2,372$1,705
16 years$4,187$3,544$2,986$2,506$2,096$1,467
17 years$3,900$3,264$2,717$2,252$1,859$1,266
18 years$3,645$3,016$2,481$2,029$1,653$1,095
19 years$3,417$2,795$2,271$1,834$1,473$949
20 years$3,212$2,597$2,084$1,661$1,316$824
21 years$3,027$2,419$1,917$1,507$1,177$717
22 years$2,859$2,258$1,767$1,370$1,055$624
23 years$2,705$2,112$1,631$1,248$947$544
24 years$2,565$1,979$1,509$1,138$852$474
25 years$2,436$1,857$1,397$1,040$766$414
26 years$2,318$1,745$1,296$951$690$362
27 years$2,208$1,643$1,203$870$622$316
28 years$2,106$1,548$1,119$797$561$277
29 years$2,012$1,460$1,041$731$507$242
30 years$1,924$1,379$970$671$458$212
31 years$1,841$1,304$904$616$414$186
32 years$1,764$1,233$843$566$375$163
33 years$1,692$1,168$788$521$339$142
34 years$1,625$1,107$736$479$307$125
35 years$1,561$1,050$688$441$278$109
36 years$1,501$997$644$406$252$96
37 years$1,444$947$602$374$228$84
38 years$1,391$900$564$345$207$74
39 years$1,340$855$529$318$188$65
40 years$1,292$814$495$293$170$57
41 years$1,246$775$464$271$154$50
42 years$1,203$738$436$250$140$44
43 years$1,162$703$409$231$127$38
44 years$1,123$670$384$213$115$34
45 years$1,085$639$360$197$105$30
46 years$1,050$610$338$182$95$26
47 years$1,016$582$318$168$86$23
48 years$983$555$299$155$78$20
49 years$952$530$281$143$71$18
50 years$923$507$264$132$65$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $945,000, adding $2,595 every year, while hoping to spend $31,298 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: 72/23/5 Blend
72$945,000$945,000$945,000$945,000
73$1,044,067$993,982$979,334$1,118,598
74$1,117,261$1,009,386$978,841$1,183,472
75$1,196,872$1,024,496$977,282$1,250,294
76$1,283,521$1,039,265$974,590$1,322,563
77$1,377,892$1,053,641$970,690$1,400,804
78$1,480,738$1,067,570$965,509$1,485,598
79$1,592,886$1,080,994$958,967$1,577,585
80$1,715,249$1,093,851$950,981$1,677,467
81$1,848,829$1,106,075$941,464$1,786,022
82$1,994,731$1,117,594$930,324$1,904,103
83$2,154,171$1,128,333$917,467$2,032,651
84$2,328,487$1,138,212$902,793$2,172,705
85$2,519,152$1,147,144$886,196$2,325,408
86$2,727,790$1,155,039$867,569$2,492,020
87$2,956,188$1,161,798$846,795$2,673,928
88$3,206,312$1,167,319$823,755$2,872,663
89$3,480,329$1,171,491$798,324$3,089,912
90$3,780,625$1,174,198$770,371$3,327,532
91$4,109,829$1,175,313$739,759$3,587,572
92$4,470,835$1,174,707$706,344$3,872,288
93$4,866,830$1,172,237$669,976$4,184,170
94$5,301,325$1,167,755$630,499$4,525,958
95$5,778,188$1,161,104$587,749$4,900,675
96$6,301,680$1,152,114$541,555$5,311,652
97$6,876,492$1,140,609$491,738$5,762,560
98$7,507,795$1,126,399$438,111$6,257,446
99$8,201,282$1,109,284$380,480$6,800,770
100$8,963,227$1,089,053$318,640$7,397,448