Can I retire at age 73 with 959,000?

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 $959,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$79,193$78,488$77,800$77,128$76,472$76,118
2 years$39,205$38,474$37,767$37,081$36,415$36,058
3 years$25,877$25,143$24,438$23,758$23,103$22,753
4 years$19,214$18,483$17,784$17,116$16,477$16,138
5 years$15,218$14,491$13,801$13,147$12,526$12,198
6 years$12,554$11,833$11,154$10,514$9,911$9,595
7 years$10,652$9,937$9,269$8,644$8,061$7,757
8 years$9,227$8,518$7,861$7,251$6,687$6,395
9 years$8,119$7,417$6,770$6,176$5,631$5,351
10 years$7,232$6,537$5,903$5,324$4,798$4,530
11 years$6,508$5,820$5,196$4,634$4,127$3,870
12 years$5,905$5,224$4,612$4,064$3,576$3,331
13 years$5,395$4,721$4,120$3,588$3,118$2,885
14 years$4,958$4,291$3,702$3,185$2,734$2,511
15 years$4,579$3,920$3,342$2,841$2,407$2,195
16 years$4,249$3,596$3,030$2,543$2,127$1,926
17 years$3,957$3,312$2,758$2,285$1,886$1,695
18 years$3,698$3,061$2,517$2,059$1,677$1,495
19 years$3,467$2,836$2,304$1,861$1,495$1,323
20 years$3,259$2,636$2,115$1,685$1,335$1,172
21 years$3,071$2,455$1,945$1,530$1,195$1,041
22 years$2,901$2,292$1,793$1,391$1,071$925
23 years$2,745$2,143$1,655$1,267$961$824
24 years$2,603$2,008$1,531$1,155$864$734
25 years$2,472$1,885$1,418$1,055$778$655
26 years$2,352$1,771$1,315$965$700$585
27 years$2,241$1,667$1,221$883$631$523
28 years$2,137$1,571$1,135$809$570$468
29 years$2,041$1,482$1,056$742$515$419
30 years$1,952$1,399$984$681$465$375
31 years$1,869$1,323$917$625$420$336
32 years$1,791$1,252$856$575$380$301
33 years$1,717$1,185$799$528$344$270
34 years$1,649$1,124$747$486$312$243
35 years$1,584$1,066$698$448$282$218
36 years$1,523$1,011$653$412$256$195
37 years$1,466$961$611$380$232$176
38 years$1,411$913$572$350$210$158
39 years$1,360$868$536$323$190$142
40 years$1,311$826$503$298$173$127
41 years$1,265$786$471$275$157$114
42 years$1,221$749$442$254$142$103
43 years$1,179$713$415$234$129$92
44 years$1,139$680$389$216$117$83
45 years$1,102$649$366$200$106$75
46 years$1,065$619$343$184$97$67
47 years$1,031$590$323$170$88$60
48 years$998$564$303$157$80$54
49 years$966$538$285$145$72$49
50 years$936$514$268$134$66$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $959,000, adding $6,821 every year, while hoping to spend $59,155 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: 33/43/24 Blend
72$959,000$959,000$959,000$959,000
73$1,063,854$1,013,027$998,162$1,090,970
74$1,109,426$999,725$968,660$1,098,617
75$1,157,665$983,788$936,187$1,101,041
76$1,208,779$965,026$900,581$1,102,462
77$1,262,996$943,234$861,673$1,102,831
78$1,320,568$918,199$819,286$1,102,098
79$1,381,768$889,693$773,234$1,100,214
80$1,446,895$857,474$723,324$1,097,131
81$1,516,277$821,289$669,354$1,092,803
82$1,590,273$780,868$611,112$1,087,188
83$1,669,275$735,924$548,379$1,080,245
84$1,753,714$686,158$480,923$1,071,937
85$1,844,063$631,250$408,504$1,062,232
86$1,940,838$570,862$330,870$1,051,105
87$2,044,608$504,639$247,758$1,038,536
88$2,155,996$432,203$158,896$1,024,515
89$2,275,684$353,158$63,995$1,009,039
90$2,404,424$267,083$0$992,118
91$2,543,038$173,533$0$983,320
92$2,692,432$72,040$0$991,246
93$2,853,600$0$0$999,628
94$3,027,632$0$0$1,026,555
95$3,215,729$0$0$1,092,612
96$3,419,210$0$0$1,164,190
97$3,639,523$0$0$1,241,813
98$3,878,262$0$0$1,326,058
99$4,137,178$0$0$1,417,560
100$4,418,199$0$0$1,517,017