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%13.2%
1 years$81,753$81,025$80,315$79,621$78,944$77,893
2 years$40,472$39,718$38,988$38,279$37,592$36,535
3 years$26,713$25,956$25,228$24,526$23,850$22,820
4 years$19,835$19,081$18,359$17,670$17,010$16,014
5 years$15,710$14,959$14,248$13,572$12,931$11,972
6 years$12,960$12,215$11,514$10,854$10,232$9,312
7 years$10,997$10,259$9,568$8,923$8,321$7,440
8 years$9,525$8,793$8,115$7,486$6,903$6,061
9 years$8,381$7,656$6,989$6,376$5,813$5,010
10 years$7,466$6,749$6,093$5,496$4,953$4,188
11 years$6,718$6,008$5,364$4,783$4,260$3,532
12 years$6,095$5,392$4,761$4,196$3,692$3,000
13 years$5,569$4,873$4,253$3,704$3,219$2,563
14 years$5,118$4,430$3,822$3,288$2,822$2,200
15 years$4,727$4,046$3,451$2,932$2,485$1,896
16 years$4,386$3,713$3,128$2,626$2,196$1,640
17 years$4,085$3,419$2,847$2,359$1,947$1,422
18 years$3,818$3,159$2,599$2,126$1,731$1,236
19 years$3,579$2,928$2,379$1,921$1,543$1,077
20 years$3,365$2,721$2,183$1,740$1,378$940
21 years$3,171$2,534$2,008$1,579$1,233$822
22 years$2,995$2,366$1,851$1,436$1,106$719
23 years$2,834$2,213$1,709$1,308$992$630
24 years$2,687$2,073$1,581$1,193$892$553
25 years$2,552$1,946$1,464$1,089$803$485
26 years$2,428$1,829$1,358$996$723$426
27 years$2,313$1,721$1,261$912$652$375
28 years$2,206$1,622$1,172$835$588$330
29 years$2,107$1,530$1,091$766$531$290
30 years$2,015$1,445$1,016$703$480$255
31 years$1,929$1,366$947$646$434$225
32 years$1,848$1,292$884$593$392$198
33 years$1,773$1,224$825$546$355$175
34 years$1,702$1,160$771$502$322$154
35 years$1,635$1,100$721$462$291$136
36 years$1,572$1,044$674$426$264$120
37 years$1,513$992$631$392$239$106
38 years$1,457$942$591$361$217$93
39 years$1,404$896$554$333$197$82
40 years$1,353$853$519$307$178$73
41 years$1,306$812$487$284$162$64
42 years$1,260$773$456$262$147$57
43 years$1,217$737$428$242$133$50
44 years$1,176$702$402$223$121$44
45 years$1,137$669$378$206$110$39
46 years$1,100$639$355$190$100$34
47 years$1,064$609$333$176$91$30
48 years$1,030$582$313$162$82$27
49 years$998$556$294$150$75$24
50 years$967$531$277$139$68$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $990,000, adding $2,892 every year, while hoping to spend $34,449 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: 61/34/5 Blend
72$990,000$990,000$990,000$990,000
73$1,093,963$1,041,493$1,026,148$1,159,629
74$1,168,894$1,055,873$1,023,871$1,218,203
75$1,250,313$1,069,803$1,020,362$1,277,814
76$1,338,846$1,083,224$1,015,545$1,341,961
77$1,435,181$1,096,074$1,009,339$1,411,081
78$1,540,075$1,108,287$1,001,657$1,485,654
79$1,654,360$1,119,792$992,411$1,566,210
80$1,778,955$1,130,511$981,506$1,653,333
81$1,914,868$1,140,366$968,846$1,747,669
82$2,063,209$1,149,269$954,327$1,849,928
83$2,225,202$1,157,128$937,842$1,960,892
84$2,402,191$1,163,846$919,279$2,081,428
85$2,595,659$1,169,318$898,519$2,212,487
86$2,807,236$1,173,435$875,440$2,355,120
87$3,038,719$1,176,079$849,912$2,510,486
88$3,292,086$1,177,124$821,801$2,679,864
89$3,569,514$1,176,438$790,966$2,864,661
90$3,873,400$1,173,880$757,260$3,066,434
91$4,206,387$1,169,300$720,528$3,286,896
92$4,571,382$1,162,539$680,610$3,527,936
93$4,971,589$1,153,430$637,336$3,791,641
94$5,410,536$1,141,792$590,532$4,080,308
95$5,892,109$1,127,438$540,012$4,396,474
96$6,420,587$1,110,166$485,586$4,742,933
97$7,000,686$1,089,763$427,052$5,122,769
98$7,637,598$1,066,004$364,201$5,539,383
99$8,337,046$1,038,650$296,814$5,996,523
100$9,105,330$1,007,450$224,663$6,498,324