Can I retire at age 73 with 996,000?

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 $996,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$82,249$81,516$80,801$80,104$79,422$78,528
2 years$40,717$39,959$39,224$38,511$37,820$36,919
3 years$26,875$26,114$25,380$24,675$23,995$23,116
4 years$19,956$19,196$18,470$17,777$17,113$16,263
5 years$15,805$15,050$14,334$13,654$13,009$12,190
6 years$13,039$12,290$11,584$10,919$10,294$9,507
7 years$11,063$10,321$9,626$8,977$8,372$7,617
8 years$9,583$8,847$8,164$7,531$6,945$6,223
9 years$8,432$7,703$7,032$6,415$5,849$5,159
10 years$7,511$6,790$6,130$5,530$4,983$4,326
11 years$6,759$6,044$5,397$4,812$4,286$3,659
12 years$6,132$5,425$4,790$4,221$3,714$3,118
13 years$5,603$4,903$4,279$3,727$3,239$2,673
14 years$5,149$4,456$3,845$3,308$2,839$2,302
15 years$4,756$4,071$3,471$2,950$2,500$1,991
16 years$4,413$3,735$3,147$2,642$2,209$1,728
17 years$4,110$3,440$2,864$2,373$1,959$1,504
18 years$3,841$3,179$2,614$2,139$1,742$1,312
19 years$3,601$2,946$2,393$1,933$1,552$1,147
20 years$3,385$2,737$2,197$1,750$1,387$1,005
21 years$3,190$2,550$2,020$1,589$1,241$881
22 years$3,013$2,380$1,862$1,444$1,112$774
23 years$2,851$2,226$1,719$1,315$998$681
24 years$2,704$2,086$1,590$1,200$897$600
25 years$2,568$1,957$1,473$1,096$808$529
26 years$2,443$1,840$1,366$1,002$727$466
27 years$2,327$1,731$1,268$917$656$412
28 years$2,220$1,631$1,179$840$592$364
29 years$2,120$1,539$1,097$770$534$321
30 years$2,027$1,453$1,022$707$483$284
31 years$1,941$1,374$953$649$437$251
32 years$1,860$1,300$889$597$395$222
33 years$1,784$1,231$830$549$357$197
34 years$1,712$1,167$776$505$324$174
35 years$1,645$1,107$725$465$293$154
36 years$1,582$1,050$678$428$266$137
37 years$1,522$998$635$394$241$121
38 years$1,466$948$595$364$218$107
39 years$1,412$902$557$335$198$95
40 years$1,362$858$522$309$179$84
41 years$1,314$817$490$285$163$75
42 years$1,268$778$459$263$148$66
43 years$1,225$741$431$243$134$59
44 years$1,183$706$404$224$122$52
45 years$1,144$674$380$207$110$46
46 years$1,107$643$357$191$100$41
47 years$1,071$613$335$177$91$36
48 years$1,036$585$315$163$83$32
49 years$1,004$559$296$151$75$29
50 years$972$534$278$140$68$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $996,000, adding $3,179 every year, while hoping to spend $39,957 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: 54/16/30 Blend
72$996,000$996,000$996,000$996,000
73$1,100,871$1,048,083$1,032,645$1,150,949
74$1,170,646$1,056,925$1,024,725$1,194,841
75$1,246,199$1,064,861$1,015,200$1,238,277
76$1,328,077$1,071,805$1,003,975$1,284,787
77$1,416,881$1,077,664$990,948$1,334,681
78$1,513,274$1,082,341$976,016$1,388,305
79$1,617,982$1,085,730$959,067$1,446,039
80$1,731,808$1,087,722$939,987$1,508,307
81$1,855,630$1,088,198$918,654$1,575,575
82$1,990,418$1,087,034$894,943$1,648,359
83$2,137,238$1,084,096$868,722$1,727,231
84$2,297,264$1,079,244$839,851$1,812,822
85$2,471,786$1,072,328$808,187$1,905,832
86$2,662,226$1,063,190$773,579$2,007,032
87$2,870,147$1,051,660$735,868$2,117,277
88$3,097,272$1,037,562$694,890$2,237,509
89$3,345,497$1,020,706$650,472$2,368,772
90$3,616,908$1,000,891$602,433$2,512,219
91$3,913,804$977,905$550,586$2,669,123
92$4,238,714$951,524$494,732$2,840,891
93$4,594,424$921,511$434,667$3,029,077
94$4,984,003$887,612$370,176$3,235,399
95$5,410,828$849,562$301,034$3,461,752
96$5,878,621$807,080$227,008$3,710,232
97$6,391,480$759,866$147,851$3,983,150
98$6,953,917$707,605$63,311$4,283,061
99$7,570,904$649,965$0$4,612,785
100$8,247,915$586,593$0$4,984,048