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%16.2%
1 years$81,753$81,025$80,315$79,621$78,944$76,942
2 years$40,472$39,718$38,988$38,279$37,592$35,588
3 years$26,713$25,956$25,228$24,526$23,850$21,907
4 years$19,835$19,081$18,359$17,670$17,010$15,142
5 years$15,710$14,959$14,248$13,572$12,931$11,144
6 years$12,960$12,215$11,514$10,854$10,232$8,527
7 years$10,997$10,259$9,568$8,923$8,321$6,700
8 years$9,525$8,793$8,115$7,486$6,903$5,364
9 years$8,381$7,656$6,989$6,376$5,813$4,355
10 years$7,466$6,749$6,093$5,496$4,953$3,573
11 years$6,718$6,008$5,364$4,783$4,260$2,957
12 years$6,095$5,392$4,761$4,196$3,692$2,463
13 years$5,569$4,873$4,253$3,704$3,219$2,063
14 years$5,118$4,430$3,822$3,288$2,822$1,735
15 years$4,727$4,046$3,451$2,932$2,485$1,465
16 years$4,386$3,713$3,128$2,626$2,196$1,240
17 years$4,085$3,419$2,847$2,359$1,947$1,053
18 years$3,818$3,159$2,599$2,126$1,731$896
19 years$3,579$2,928$2,379$1,921$1,543$763
20 years$3,365$2,721$2,183$1,740$1,378$651
21 years$3,171$2,534$2,008$1,579$1,233$556
22 years$2,995$2,366$1,851$1,436$1,106$476
23 years$2,834$2,213$1,709$1,308$992$407
24 years$2,687$2,073$1,581$1,193$892$349
25 years$2,552$1,946$1,464$1,089$803$299
26 years$2,428$1,829$1,358$996$723$257
27 years$2,313$1,721$1,261$912$652$220
28 years$2,206$1,622$1,172$835$588$189
29 years$2,107$1,530$1,091$766$531$162
30 years$2,015$1,445$1,016$703$480$139
31 years$1,929$1,366$947$646$434$120
32 years$1,848$1,292$884$593$392$103
33 years$1,773$1,224$825$546$355$89
34 years$1,702$1,160$771$502$322$76
35 years$1,635$1,100$721$462$291$65
36 years$1,572$1,044$674$426$264$56
37 years$1,513$992$631$392$239$48
38 years$1,457$942$591$361$217$42
39 years$1,404$896$554$333$197$36
40 years$1,353$853$519$307$178$31
41 years$1,306$812$487$284$162$26
42 years$1,260$773$456$262$147$23
43 years$1,217$737$428$242$133$20
44 years$1,176$702$402$223$121$17
45 years$1,137$669$378$206$110$15
46 years$1,100$639$355$190$100$12
47 years$1,064$609$333$176$91$11
48 years$1,030$582$313$162$82$9
49 years$998$556$294$150$75$8
50 years$967$531$277$139$68$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $990,000, adding $2,204 every year, while hoping to spend $31,567 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: 57/37/6 Blend
72$990,000$990,000$990,000$990,000
73$1,093,253$1,040,783$1,025,438$1,154,085
74$1,171,178$1,058,195$1,026,204$1,212,645
75$1,255,993$1,075,401$1,025,936$1,272,666
76$1,348,368$1,092,360$1,024,569$1,337,273
77$1,449,040$1,109,023$1,022,030$1,406,907
78$1,558,819$1,125,342$1,018,245$1,482,053
79$1,678,597$1,141,263$1,013,135$1,563,247
80$1,809,358$1,156,728$1,006,619$1,651,078
81$1,952,182$1,171,677$998,610$1,746,197
82$2,108,259$1,186,044$989,018$1,849,320
83$2,278,900$1,199,759$977,749$1,961,237
84$2,465,548$1,212,748$964,703$2,082,819
85$2,669,791$1,224,930$949,778$2,215,029
86$2,893,379$1,236,220$932,865$2,358,923
87$3,138,238$1,246,530$913,850$2,515,671
88$3,406,489$1,255,760$892,615$2,686,560
89$3,700,469$1,263,810$869,036$2,873,011
90$4,022,750$1,270,570$842,981$3,076,588
91$4,376,166$1,275,923$814,316$3,299,019
92$4,763,837$1,279,746$782,899$3,542,207
93$5,189,202$1,281,908$748,580$3,808,251
94$5,656,048$1,282,268$711,204$4,099,467
95$6,168,544$1,280,678$670,608$4,418,406
96$6,731,285$1,276,981$626,624$4,767,883
97$7,349,333$1,271,010$579,072$5,151,001
98$8,028,263$1,262,587$527,769$5,571,183
99$8,774,216$1,251,525$472,520$6,032,200
100$9,593,960$1,237,623$413,122$6,538,215