Can I retire at age 73 with 995,000?

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 $995,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$82,166$81,434$80,720$80,023$79,343$77,519
2 years$40,676$39,919$39,185$38,473$37,782$35,955
3 years$26,848$26,087$25,355$24,650$23,971$22,197
4 years$19,935$19,177$18,452$17,759$17,096$15,390
5 years$15,789$15,035$14,319$13,640$12,996$11,362
6 years$13,025$12,277$11,572$10,908$10,283$8,722
7 years$11,052$10,310$9,617$8,968$8,363$6,876
8 years$9,573$8,838$8,156$7,523$6,938$5,524
9 years$8,423$7,695$7,024$6,408$5,843$4,501
10 years$7,504$6,783$6,124$5,524$4,978$3,708
11 years$6,752$6,038$5,392$4,808$4,282$3,080
12 years$6,126$5,420$4,785$4,217$3,710$2,576
13 years$5,597$4,898$4,275$3,723$3,235$2,166
14 years$5,144$4,452$3,841$3,305$2,836$1,829
15 years$4,751$4,067$3,468$2,947$2,497$1,551
16 years$4,408$3,731$3,144$2,639$2,207$1,319
17 years$4,106$3,436$2,861$2,371$1,957$1,124
18 years$3,837$3,175$2,612$2,137$1,740$960
19 years$3,597$2,943$2,391$1,931$1,551$822
20 years$3,382$2,735$2,194$1,749$1,385$705
21 years$3,187$2,547$2,018$1,587$1,240$605
22 years$3,010$2,378$1,860$1,443$1,111$520
23 years$2,849$2,224$1,718$1,314$997$447
24 years$2,701$2,084$1,588$1,199$897$385
25 years$2,565$1,955$1,471$1,095$807$331
26 years$2,440$1,838$1,365$1,001$727$286
27 years$2,325$1,730$1,267$916$655$246
28 years$2,218$1,630$1,178$839$591$212
29 years$2,118$1,537$1,096$770$534$183
30 years$2,025$1,452$1,021$706$482$158
31 years$1,939$1,373$952$649$436$137
32 years$1,858$1,299$888$596$394$118
33 years$1,782$1,230$829$548$357$102
34 years$1,711$1,166$775$504$323$88
35 years$1,644$1,106$724$464$293$76
36 years$1,580$1,049$678$428$265$66
37 years$1,521$997$634$394$240$57
38 years$1,464$947$594$363$218$49
39 years$1,411$901$556$335$198$43
40 years$1,360$857$522$309$179$37
41 years$1,312$816$489$285$163$32
42 years$1,267$777$459$263$148$27
43 years$1,223$740$430$243$134$24
44 years$1,182$706$404$224$122$21
45 years$1,143$673$379$207$110$18
46 years$1,105$642$356$191$100$15
47 years$1,070$613$335$177$91$13
48 years$1,035$585$315$163$83$12
49 years$1,003$558$296$151$75$10
50 years$971$533$278$139$68$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $995,000, adding $5,288 every year, while hoping to spend $40,045 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: 63/14/23 Blend
72$995,000$995,000$995,000$995,000
73$1,101,945$1,049,210$1,033,787$1,164,429
74$1,171,735$1,058,013$1,025,811$1,216,068
75$1,247,303$1,065,906$1,016,226$1,267,518
76$1,329,193$1,072,801$1,004,936$1,322,809
77$1,418,009$1,078,607$991,839$1,382,322
78$1,514,411$1,083,223$976,830$1,446,477
79$1,619,126$1,086,547$959,800$1,515,736
80$1,732,955$1,088,466$940,631$1,590,612
81$1,856,778$1,088,862$919,204$1,671,669
82$1,991,563$1,087,610$895,391$1,759,532
83$2,138,377$1,084,577$869,061$1,854,890
84$2,298,391$1,079,621$840,074$1,958,503
85$2,472,896$1,072,592$808,286$2,071,211
86$2,663,313$1,063,330$773,545$2,193,941
87$2,871,205$1,051,668$735,693$2,327,715
88$3,098,294$1,037,425$694,564$2,473,664
89$3,346,474$1,020,413$649,986$2,633,034
90$3,617,831$1,000,430$601,777$2,807,200
91$3,914,662$977,263$549,749$2,997,682
92$4,239,496$950,687$493,704$3,206,156
93$4,595,117$920,464$433,436$3,434,469
94$4,984,592$886,340$368,729$3,684,665
95$5,411,298$848,048$299,359$3,958,993
96$5,878,954$805,306$225,091$4,259,940
97$6,391,656$757,814$145,680$4,590,246
98$6,953,914$705,256$60,869$4,952,937
99$7,570,697$647,297$0$5,351,349
100$8,247,477$583,584$0$5,796,437