Can I retire at age 73 with 999,000?

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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$82,496$81,762$81,045$80,345$79,662$78,085
2 years$40,840$40,079$39,342$38,627$37,934$36,353
3 years$26,956$26,192$25,457$24,749$24,067$22,530
4 years$20,016$19,254$18,526$17,830$17,165$15,683
5 years$15,852$15,095$14,377$13,695$13,048$11,627
6 years$13,078$12,327$11,619$10,952$10,325$8,965
7 years$11,097$10,352$9,655$9,004$8,397$7,100
8 years$9,612$8,873$8,188$7,554$6,966$5,730
9 years$8,457$7,726$7,053$6,434$5,866$4,692
10 years$7,534$6,810$6,149$5,546$4,998$3,884
11 years$6,779$6,063$5,413$4,827$4,299$3,242
12 years$6,151$5,441$4,804$4,234$3,725$2,726
13 years$5,620$4,917$4,292$3,738$3,248$2,304
14 years$5,164$4,470$3,857$3,318$2,848$1,957
15 years$4,770$4,083$3,482$2,959$2,507$1,668
16 years$4,426$3,746$3,157$2,650$2,216$1,427
17 years$4,122$3,450$2,873$2,381$1,965$1,223
18 years$3,853$3,188$2,622$2,145$1,747$1,051
19 years$3,612$2,955$2,401$1,939$1,557$905
20 years$3,395$2,746$2,203$1,756$1,391$781
21 years$3,200$2,558$2,026$1,593$1,245$674
22 years$3,022$2,387$1,868$1,449$1,116$583
23 years$2,860$2,233$1,725$1,319$1,001$504
24 years$2,712$2,092$1,595$1,203$900$437
25 years$2,576$1,963$1,477$1,099$810$379
26 years$2,450$1,845$1,370$1,005$730$328
27 years$2,334$1,736$1,272$920$658$285
28 years$2,227$1,636$1,183$843$594$248
29 years$2,127$1,544$1,101$773$536$215
30 years$2,034$1,458$1,025$709$484$187
31 years$1,947$1,378$956$651$438$162
32 years$1,865$1,304$892$599$396$141
33 years$1,789$1,235$833$550$358$123
34 years$1,717$1,170$778$507$325$107
35 years$1,650$1,110$727$466$294$93
36 years$1,587$1,054$680$429$266$81
37 years$1,527$1,001$637$396$241$70
38 years$1,470$951$596$365$219$61
39 years$1,417$904$559$336$198$53
40 years$1,366$860$524$310$180$46
41 years$1,318$819$491$286$163$40
42 years$1,272$780$461$264$148$35
43 years$1,228$743$432$244$134$31
44 years$1,187$708$406$225$122$27
45 years$1,147$676$381$208$111$23
46 years$1,110$644$358$192$101$20
47 years$1,074$615$336$177$91$18
48 years$1,040$587$316$164$83$15
49 years$1,007$561$297$151$75$13
50 years$975$536$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 $999,000, adding $2,670 every year, while hoping to spend $32,329 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: 78/6/16 Blend
72$999,000$999,000$999,000$999,000
73$1,103,652$1,050,705$1,035,221$1,185,729
74$1,181,827$1,067,792$1,035,503$1,257,311
75$1,266,892$1,084,632$1,034,711$1,331,453
76$1,359,516$1,101,180$1,032,775$1,411,889
77$1,460,435$1,117,386$1,029,621$1,499,234
78$1,570,458$1,133,197$1,025,172$1,594,170
79$1,690,477$1,148,556$1,019,347$1,697,445
80$1,821,472$1,163,402$1,012,063$1,809,884
81$1,964,525$1,177,671$1,003,229$1,932,398
82$2,120,822$1,191,292$992,752$2,065,988
83$2,291,672$1,204,193$980,536$2,211,759
84$2,478,518$1,216,293$966,479$2,370,926
85$2,682,943$1,227,508$950,473$2,544,831
86$2,906,697$1,237,749$932,407$2,734,952
87$3,151,701$1,246,920$912,164$2,942,915
88$3,420,073$1,254,918$889,620$3,170,516
89$3,714,148$1,261,636$864,649$3,419,731
90$4,036,492$1,266,957$837,116$3,692,739
91$4,389,936$1,270,760$806,881$3,991,941
92$4,777,595$1,272,913$773,798$4,319,984
93$5,202,902$1,273,278$737,712$4,679,783
94$5,669,637$1,271,707$698,464$5,074,552
95$6,181,964$1,268,045$655,887$5,507,834
96$6,744,470$1,262,125$609,805$5,983,532
97$7,362,209$1,253,772$560,036$6,505,948
98$8,040,745$1,242,798$506,388$7,079,823
99$8,786,211$1,229,005$448,663$7,710,382
100$9,605,362$1,212,184$386,650$8,403,385