Can I retire at age 73 with 997,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $997,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$82,331$81,598$80,882$80,184$79,502$77,961
2 years$40,758$39,999$39,263$38,550$37,858$36,311
3 years$26,902$26,140$25,406$24,699$24,019$22,515
4 years$19,976$19,216$18,489$17,795$17,130$15,681
5 years$15,821$15,065$14,348$13,668$13,022$11,632
6 years$13,052$12,302$11,596$10,930$10,304$8,974
7 years$11,075$10,331$9,636$8,986$8,380$7,110
8 years$9,592$8,856$8,172$7,538$6,952$5,742
9 years$8,440$7,710$7,039$6,421$5,855$4,704
10 years$7,519$6,796$6,136$5,535$4,988$3,896
11 years$6,766$6,050$5,402$4,817$4,290$3,255
12 years$6,139$5,431$4,794$4,225$3,718$2,738
13 years$5,608$4,908$4,284$3,730$3,242$2,316
14 years$5,154$4,461$3,849$3,311$2,842$1,969
15 years$4,761$4,075$3,475$2,953$2,502$1,679
16 years$4,417$3,739$3,151$2,644$2,211$1,437
17 years$4,114$3,443$2,867$2,376$1,961$1,233
18 years$3,845$3,182$2,617$2,141$1,744$1,060
19 years$3,605$2,949$2,396$1,935$1,554$914
20 years$3,388$2,740$2,199$1,752$1,388$789
21 years$3,193$2,552$2,022$1,590$1,242$681
22 years$3,016$2,383$1,864$1,446$1,113$590
23 years$2,854$2,228$1,721$1,317$999$511
24 years$2,706$2,088$1,592$1,201$898$443
25 years$2,570$1,959$1,474$1,097$808$384
26 years$2,445$1,841$1,367$1,003$728$333
27 years$2,329$1,733$1,270$918$657$290
28 years$2,222$1,633$1,180$841$592$252
29 years$2,122$1,541$1,098$771$535$219
30 years$2,029$1,455$1,023$708$483$190
31 years$1,943$1,375$954$650$437$166
32 years$1,862$1,301$890$597$395$144
33 years$1,785$1,232$831$549$358$125
34 years$1,714$1,168$776$505$324$109
35 years$1,647$1,108$726$465$293$95
36 years$1,583$1,052$679$429$266$83
37 years$1,524$999$636$395$241$72
38 years$1,467$949$595$364$218$63
39 years$1,414$903$558$336$198$55
40 years$1,363$859$523$310$180$48
41 years$1,315$817$490$286$163$42
42 years$1,269$778$460$264$148$36
43 years$1,226$742$431$243$134$32
44 years$1,185$707$405$225$122$28
45 years$1,145$674$380$207$111$24
46 years$1,108$643$357$192$100$21
47 years$1,072$614$335$177$91$18
48 years$1,038$586$315$164$83$16
49 years$1,005$560$296$151$75$14
50 years$973$534$279$140$68$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $997,000, adding $3,739 every year, while hoping to spend $32,067 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: 41/45/14 Blend
72$997,000$997,000$997,000$997,000
73$1,102,551$1,049,710$1,034,256$1,143,052
74$1,180,892$1,067,027$1,034,785$1,189,303
75$1,266,149$1,084,117$1,034,256$1,235,888
76$1,358,994$1,100,936$1,032,602$1,285,614
77$1,460,165$1,117,436$1,029,748$1,338,779
78$1,570,477$1,133,565$1,025,619$1,395,717
79$1,690,823$1,149,268$1,020,135$1,456,795
80$1,822,190$1,164,485$1,013,212$1,522,416
81$1,965,662$1,179,153$1,004,763$1,593,030
82$2,122,432$1,193,204$994,696$1,669,130
83$2,293,816$1,206,567$982,913$1,751,262
84$2,481,260$1,219,163$969,316$1,840,029
85$2,686,357$1,230,911$953,797$1,936,097
86$2,910,863$1,241,723$936,247$2,040,201
87$3,156,709$1,251,506$916,549$2,153,154
88$3,426,023$1,260,159$894,583$2,275,852
89$3,721,148$1,267,578$870,222$2,409,286
90$4,044,664$1,273,648$843,334$2,554,550
91$4,399,414$1,278,251$813,779$2,712,850
92$4,788,527$1,281,258$781,414$2,885,521
93$5,215,452$1,282,534$746,086$3,074,034
94$5,683,985$1,281,936$707,637$3,280,014
95$6,198,311$1,279,310$665,902$3,505,255
96$6,763,036$1,274,493$620,707$3,751,737
97$7,383,237$1,267,315$571,872$4,021,648
98$8,064,504$1,257,591$519,207$4,317,399
99$8,812,999$1,245,128$462,516$4,641,653
100$9,635,507$1,229,722$401,592$4,997,351