Can I retire at age 73 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$81,753$81,025$80,315$79,621$78,944$78,185
2 years$40,472$39,718$38,988$38,279$37,592$36,827
3 years$26,713$25,956$25,228$24,526$23,850$23,103
4 years$19,835$19,081$18,359$17,670$17,010$16,287
5 years$15,710$14,959$14,248$13,572$12,931$12,234
6 years$12,960$12,215$11,514$10,854$10,232$9,562
7 years$10,997$10,259$9,568$8,923$8,321$7,678
8 years$9,525$8,793$8,115$7,486$6,903$6,287
9 years$8,381$7,656$6,989$6,376$5,813$5,225
10 years$7,466$6,749$6,093$5,496$4,953$4,391
11 years$6,718$6,008$5,364$4,783$4,260$3,724
12 years$6,095$5,392$4,761$4,196$3,692$3,181
13 years$5,569$4,873$4,253$3,704$3,219$2,734
14 years$5,118$4,430$3,822$3,288$2,822$2,361
15 years$4,727$4,046$3,451$2,932$2,485$2,047
16 years$4,386$3,713$3,128$2,626$2,196$1,781
17 years$4,085$3,419$2,847$2,359$1,947$1,555
18 years$3,818$3,159$2,599$2,126$1,731$1,360
19 years$3,579$2,928$2,379$1,921$1,543$1,193
20 years$3,365$2,721$2,183$1,740$1,378$1,048
21 years$3,171$2,534$2,008$1,579$1,233$922
22 years$2,995$2,366$1,851$1,436$1,106$813
23 years$2,834$2,213$1,709$1,308$992$717
24 years$2,687$2,073$1,581$1,193$892$633
25 years$2,552$1,946$1,464$1,089$803$560
26 years$2,428$1,829$1,358$996$723$495
27 years$2,313$1,721$1,261$912$652$439
28 years$2,206$1,622$1,172$835$588$389
29 years$2,107$1,530$1,091$766$531$345
30 years$2,015$1,445$1,016$703$480$306
31 years$1,929$1,366$947$646$434$271
32 years$1,848$1,292$884$593$392$241
33 years$1,773$1,224$825$546$355$214
34 years$1,702$1,160$771$502$322$190
35 years$1,635$1,100$721$462$291$169
36 years$1,572$1,044$674$426$264$150
37 years$1,513$992$631$392$239$133
38 years$1,457$942$591$361$217$119
39 years$1,404$896$554$333$197$105
40 years$1,353$853$519$307$178$94
41 years$1,306$812$487$284$162$83
42 years$1,260$773$456$262$147$74
43 years$1,217$737$428$242$133$66
44 years$1,176$702$402$223$121$59
45 years$1,137$669$378$206$110$52
46 years$1,100$639$355$190$100$47
47 years$1,064$609$333$176$91$41
48 years$1,030$582$313$162$82$37
49 years$998$556$294$150$75$33
50 years$967$531$277$139$68$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $990,000, adding $4,851 every year, while hoping to spend $40,170 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: 80/14/6 Blend
72$990,000$990,000$990,000$990,000
73$1,095,984$1,043,514$1,028,169$1,182,774
74$1,165,034$1,051,905$1,019,872$1,248,685
75$1,239,780$1,059,362$1,009,951$1,315,184
76$1,320,762$1,065,795$998,308$1,386,926
77$1,408,572$1,071,111$984,844$1,464,414
78$1,503,860$1,075,210$969,450$1,548,202
79$1,607,344$1,077,985$952,017$1,638,897
80$1,719,811$1,079,324$932,427$1,737,172
81$1,842,128$1,079,107$910,560$1,843,766
82$1,975,249$1,077,207$886,287$1,959,492
83$2,120,222$1,073,488$859,476$2,085,248
84$2,278,203$1,067,807$829,987$2,222,022
85$2,450,462$1,060,012$797,674$2,370,904
86$2,638,398$1,049,942$762,384$2,533,092
87$2,843,550$1,037,424$723,959$2,709,909
88$3,067,613$1,022,278$682,233$2,902,813
89$3,312,451$1,004,312$637,029$3,113,409
90$3,580,119$983,322$588,168$3,343,467
91$3,872,878$959,091$535,459$3,594,937
92$4,193,218$931,393$478,702$3,869,967
93$4,543,879$899,984$417,692$4,170,927
94$4,927,881$864,609$352,211$4,500,427
95$5,348,547$824,997$282,032$4,861,344
96$5,809,539$780,863$206,921$5,256,849
97$6,314,889$731,902$126,629$5,690,436
98$6,869,037$677,794$40,900$6,165,959
99$7,476,874$618,201$0$6,687,663
100$8,143,786$552,764$0$7,263,465