Can I retire at age 73 with 960,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $960,000?

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$79,276$78,570$77,881$77,208$76,552$76,197
2 years$39,245$38,515$37,806$37,119$36,453$36,095
3 years$25,904$25,170$24,463$23,783$23,127$22,777
4 years$19,234$18,502$17,803$17,134$16,495$16,155
5 years$15,234$14,506$13,816$13,161$12,539$12,211
6 years$12,567$11,845$11,165$10,525$9,922$9,605
7 years$10,664$9,948$9,278$8,653$8,069$7,765
8 years$9,236$8,527$7,869$7,259$6,694$6,402
9 years$8,127$7,424$6,777$6,183$5,637$5,357
10 years$7,240$6,544$5,909$5,330$4,803$4,535
11 years$6,515$5,826$5,202$4,638$4,131$3,874
12 years$5,911$5,229$4,617$4,068$3,580$3,335
13 years$5,400$4,725$4,125$3,592$3,122$2,888
14 years$4,963$4,295$3,706$3,188$2,736$2,513
15 years$4,584$3,924$3,346$2,844$2,409$2,197
16 years$4,253$3,600$3,034$2,546$2,129$1,928
17 years$3,961$3,316$2,760$2,288$1,888$1,696
18 years$3,702$3,064$2,520$2,062$1,679$1,497
19 years$3,471$2,839$2,307$1,863$1,496$1,324
20 years$3,263$2,639$2,117$1,687$1,337$1,173
21 years$3,075$2,458$1,947$1,531$1,196$1,042
22 years$2,904$2,294$1,795$1,392$1,072$926
23 years$2,748$2,146$1,657$1,268$962$825
24 years$2,606$2,010$1,533$1,156$865$735
25 years$2,475$1,887$1,420$1,056$778$656
26 years$2,354$1,773$1,317$966$701$586
27 years$2,243$1,669$1,223$884$632$524
28 years$2,140$1,572$1,136$810$570$468
29 years$2,044$1,483$1,058$743$515$419
30 years$1,954$1,401$985$682$465$376
31 years$1,871$1,324$918$626$421$337
32 years$1,792$1,253$857$575$381$302
33 years$1,719$1,187$800$529$344$271
34 years$1,650$1,125$748$487$312$243
35 years$1,586$1,067$699$448$282$218
36 years$1,525$1,013$654$413$256$196
37 years$1,467$962$612$380$232$176
38 years$1,413$914$573$350$210$158
39 years$1,361$869$537$323$191$142
40 years$1,312$827$503$298$173$127
41 years$1,266$787$472$275$157$115
42 years$1,222$750$443$254$142$103
43 years$1,180$714$415$234$129$93
44 years$1,141$681$390$216$117$83
45 years$1,103$649$366$200$106$75
46 years$1,067$619$344$185$97$67
47 years$1,032$591$323$170$88$61
48 years$999$564$304$158$80$54
49 years$967$539$285$146$72$49
50 years$937$515$268$135$66$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $960,000, adding $3,480 every year, while hoping to spend $32,928 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: 73/7/20 Blend
72$960,000$960,000$960,000$960,000
73$1,061,510$1,010,630$995,750$1,133,670
74$1,134,748$1,025,115$994,072$1,196,572
75$1,214,354$1,039,207$991,235$1,261,153
76$1,300,941$1,052,851$987,164$1,331,066
77$1,395,186$1,065,990$981,783$1,406,834
78$1,497,832$1,078,561$975,010$1,489,034
79$1,609,699$1,090,498$966,761$1,578,304
80$1,731,688$1,101,732$956,947$1,675,344
81$1,864,790$1,112,187$945,474$1,780,928
82$2,010,097$1,121,783$932,247$1,895,909
83$2,168,812$1,130,435$917,161$2,021,225
84$2,342,256$1,138,051$900,112$2,157,913
85$2,531,887$1,144,536$880,986$2,307,113
86$2,739,307$1,149,787$859,667$2,470,085
87$2,966,284$1,153,694$836,033$2,648,216
88$3,214,760$1,156,140$809,956$2,843,034
89$3,486,878$1,157,003$781,301$3,056,226
90$3,784,994$1,156,150$749,929$3,289,650
91$4,111,705$1,153,444$715,694$3,545,354
92$4,469,871$1,148,734$678,441$3,825,597
93$4,862,641$1,141,866$638,012$4,132,867
94$5,293,484$1,132,671$594,240$4,469,908
95$5,766,221$1,120,974$546,949$4,839,746
96$6,285,061$1,106,586$495,956$5,245,714
97$6,854,638$1,089,311$441,073$5,691,488
98$7,480,061$1,068,936$382,098$6,181,120
99$8,166,954$1,045,241$318,825$6,719,076
100$8,921,513$1,017,987$251,035$7,310,278