Can I retire at age 73 with 958,000?

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 $958,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$79,111$78,406$77,719$77,048$76,392$75,532
2 years$39,164$38,434$37,727$37,042$36,377$35,511
3 years$25,850$25,117$24,412$23,733$23,079$22,234
4 years$19,194$18,464$17,766$17,098$16,460$15,643
5 years$15,202$14,476$13,787$13,133$12,513$11,725
6 years$12,541$11,821$11,142$10,503$9,901$9,144
7 years$10,641$9,927$9,259$8,635$8,052$7,327
8 years$9,217$8,509$7,852$7,244$6,680$5,986
9 years$8,110$7,409$6,763$6,170$5,626$4,962
10 years$7,225$6,531$5,896$5,319$4,793$4,161
11 years$6,501$5,814$5,191$4,629$4,122$3,520
12 years$5,898$5,218$4,607$4,060$3,572$2,999
13 years$5,389$4,716$4,116$3,584$3,115$2,571
14 years$4,952$4,286$3,698$3,182$2,731$2,214
15 years$4,575$3,916$3,339$2,838$2,404$1,915
16 years$4,244$3,593$3,027$2,541$2,125$1,662
17 years$3,953$3,309$2,755$2,283$1,884$1,446
18 years$3,695$3,057$2,515$2,057$1,675$1,262
19 years$3,464$2,833$2,302$1,859$1,493$1,103
20 years$3,256$2,633$2,113$1,684$1,334$966
21 years$3,068$2,453$1,943$1,528$1,194$848
22 years$2,898$2,289$1,791$1,389$1,070$745
23 years$2,743$2,141$1,654$1,265$960$655
24 years$2,600$2,006$1,529$1,154$863$577
25 years$2,470$1,883$1,417$1,054$777$508
26 years$2,350$1,769$1,314$964$700$448
27 years$2,238$1,665$1,220$882$631$396
28 years$2,135$1,569$1,134$808$569$350
29 years$2,039$1,480$1,055$741$514$309
30 years$1,950$1,398$983$680$464$273
31 years$1,867$1,322$916$625$420$242
32 years$1,789$1,250$855$574$380$214
33 years$1,716$1,184$798$528$344$189
34 years$1,647$1,122$746$486$311$168
35 years$1,582$1,065$697$447$282$148
36 years$1,522$1,010$652$412$255$131
37 years$1,464$960$611$379$231$116
38 years$1,410$912$572$350$210$103
39 years$1,358$867$536$322$190$91
40 years$1,310$825$502$297$173$81
41 years$1,264$785$471$274$157$72
42 years$1,220$748$442$253$142$64
43 years$1,178$713$414$234$129$56
44 years$1,138$679$389$216$117$50
45 years$1,100$648$365$199$106$44
46 years$1,064$618$343$184$96$39
47 years$1,030$590$322$170$88$35
48 years$997$563$303$157$80$31
49 years$965$538$285$145$72$27
50 years$935$514$268$134$66$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $958,000, adding $2,277 every year, while hoping to spend $31,092 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: 39/47/14 Blend
72$958,000$958,000$958,000$958,000
73$1,058,065$1,007,291$992,442$1,094,797
74$1,132,906$1,023,566$992,607$1,137,402
75$1,214,338$1,039,597$991,735$1,180,249
76$1,303,002$1,055,339$989,760$1,225,902
77$1,399,601$1,070,743$986,610$1,274,632
78$1,504,909$1,085,759$982,210$1,326,735
79$1,619,779$1,100,330$976,483$1,382,539
80$1,745,149$1,114,399$969,348$1,442,407
81$1,882,052$1,127,901$960,718$1,506,738
82$2,031,623$1,140,771$950,505$1,575,976
83$2,195,116$1,152,936$938,613$1,650,609
84$2,373,907$1,164,319$924,946$1,731,177
85$2,569,514$1,174,839$909,400$1,818,278
86$2,783,607$1,184,408$891,868$1,912,571
87$3,018,025$1,192,935$872,236$2,014,785
88$3,274,795$1,200,320$850,387$2,125,725
89$3,556,146$1,206,458$826,197$2,246,279
90$3,864,536$1,211,238$799,538$2,377,430
91$4,202,671$1,214,540$770,274$2,520,263
92$4,573,529$1,216,238$738,264$2,675,975
93$4,980,394$1,216,199$703,361$2,845,891
94$5,426,880$1,214,279$665,410$3,031,471
95$5,916,971$1,210,327$624,250$3,234,329
96$6,455,052$1,204,183$579,712$3,456,247
97$7,045,955$1,195,676$531,621$3,699,192
98$7,695,004$1,184,626$479,792$3,965,337
99$8,408,063$1,170,840$424,033$4,257,079
100$9,191,590$1,154,117$364,143$4,577,065