Can I retire at age 73 with 972,000?

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 $972,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$80,267$79,552$78,854$78,173$77,509$74,878
2 years$39,736$38,996$38,279$37,583$36,909$34,285
3 years$26,228$25,484$24,769$24,080$23,417$20,881
4 years$19,475$18,734$18,025$17,348$16,701$14,274
5 years$15,424$14,687$13,988$13,325$12,696$10,384
6 years$12,724$11,993$11,305$10,656$10,046$7,851
7 years$10,797$10,072$9,394$8,761$8,170$6,091
8 years$9,352$8,634$7,967$7,349$6,778$4,814
9 years$8,229$7,517$6,862$6,260$5,708$3,856
10 years$7,330$6,626$5,983$5,396$4,863$3,121
11 years$6,596$5,899$5,267$4,696$4,183$2,547
12 years$5,985$5,294$4,674$4,119$3,625$2,091
13 years$5,468$4,785$4,176$3,637$3,161$1,725
14 years$5,025$4,349$3,752$3,228$2,771$1,429
15 years$4,641$3,973$3,388$2,879$2,439$1,188
16 years$4,306$3,645$3,072$2,578$2,156$990
17 years$4,011$3,357$2,795$2,316$1,912$827
18 years$3,749$3,102$2,551$2,087$1,700$692
19 years$3,514$2,875$2,336$1,886$1,515$580
20 years$3,304$2,671$2,144$1,708$1,353$487
21 years$3,113$2,488$1,972$1,550$1,211$409
22 years$2,940$2,323$1,817$1,410$1,086$344
23 years$2,783$2,172$1,678$1,284$974$289
24 years$2,638$2,035$1,552$1,171$876$243
25 years$2,506$1,910$1,437$1,069$788$205
26 years$2,384$1,795$1,333$978$710$173
27 years$2,271$1,690$1,238$895$640$146
28 years$2,166$1,592$1,151$820$578$123
29 years$2,069$1,502$1,071$752$521$104
30 years$1,979$1,418$997$690$471$87
31 years$1,894$1,341$930$634$426$74
32 years$1,815$1,269$868$582$385$62
33 years$1,741$1,202$810$536$349$53
34 years$1,671$1,139$757$493$316$44
35 years$1,606$1,080$708$454$286$37
36 years$1,544$1,025$662$418$259$32
37 years$1,485$974$620$385$235$27
38 years$1,430$925$580$355$213$23
39 years$1,378$880$544$327$193$19
40 years$1,329$837$510$302$175$16
41 years$1,282$797$478$278$159$14
42 years$1,237$759$448$257$144$11
43 years$1,195$723$421$237$131$10
44 years$1,155$689$395$219$119$8
45 years$1,116$657$371$202$108$7
46 years$1,080$627$348$187$98$6
47 years$1,045$598$327$173$89$5
48 years$1,012$571$307$159$81$4
49 years$980$545$289$147$73$4
50 years$949$521$272$136$67$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $972,000, adding $2,405 every year, while hoping to spend $29,318 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: 60/15/25 Blend
72$972,000$972,000$972,000$972,000
73$1,073,625$1,022,109$1,007,043$1,130,713
74$1,151,940$1,040,998$1,009,585$1,188,715
75$1,237,262$1,059,830$1,011,229$1,248,593
76$1,330,272$1,078,571$1,011,915$1,313,296
77$1,431,724$1,097,186$1,011,578$1,383,298
78$1,542,445$1,115,634$1,010,152$1,459,124
79$1,663,348$1,133,873$1,007,565$1,541,353
80$1,795,436$1,151,859$1,003,745$1,630,620
81$1,939,812$1,169,542$998,612$1,727,629
82$2,097,695$1,186,871$992,087$1,833,156
83$2,270,422$1,203,790$984,084$1,948,054
84$2,459,468$1,220,239$974,514$2,073,267
85$2,666,457$1,236,154$963,284$2,209,834
86$2,893,177$1,251,467$950,295$2,358,901
87$3,141,596$1,266,104$935,445$2,521,732
88$3,413,884$1,279,988$918,628$2,699,721
89$3,712,428$1,293,035$899,730$2,894,405
90$4,039,859$1,305,157$878,634$3,107,480
91$4,399,075$1,316,260$855,218$3,340,814
92$4,793,265$1,326,241$829,352$3,596,468
93$5,225,945$1,334,994$800,903$3,876,715
94$5,700,988$1,342,405$769,729$4,184,061
95$6,222,657$1,348,352$735,684$4,521,269
96$6,795,653$1,352,705$698,614$4,891,386
97$7,425,149$1,355,328$658,358$5,297,770
98$8,116,850$1,356,074$614,748$5,744,126
99$8,877,035$1,354,788$567,608$6,234,537
100$9,712,625$1,351,306$516,756$6,773,507