Can I retire at age 73 with 904,000?

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 $904,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$74,651$73,987$73,338$72,705$72,086$70,631
2 years$36,956$36,268$35,601$34,954$34,327$32,867
3 years$24,393$23,701$23,036$22,395$21,778$20,359
4 years$18,112$17,423$16,764$16,135$15,532$14,165
5 years$14,345$13,660$13,010$12,393$11,808$10,496
6 years$11,834$11,154$10,514$9,911$9,343$8,089
7 years$10,042$9,367$8,737$8,148$7,598$6,402
8 years$8,698$8,030$7,410$6,835$6,304$5,164
9 years$7,653$6,991$6,382$5,822$5,308$4,226
10 years$6,818$6,162$5,564$5,019$4,523$3,496
11 years$6,135$5,486$4,898$4,368$3,890$2,917
12 years$5,566$4,924$4,347$3,831$3,371$2,450
13 years$5,085$4,450$3,884$3,382$2,940$2,070
14 years$4,673$4,045$3,490$3,002$2,577$1,757
15 years$4,317$3,695$3,151$2,678$2,269$1,497
16 years$4,005$3,390$2,857$2,398$2,005$1,279
17 years$3,730$3,122$2,599$2,154$1,778$1,096
18 years$3,486$2,885$2,373$1,941$1,581$941
19 years$3,268$2,674$2,172$1,754$1,409$810
20 years$3,072$2,485$1,994$1,589$1,259$698
21 years$2,895$2,314$1,834$1,442$1,126$602
22 years$2,735$2,160$1,690$1,311$1,010$520
23 years$2,588$2,021$1,561$1,194$906$450
24 years$2,454$1,893$1,443$1,089$815$389
25 years$2,331$1,777$1,337$995$733$337
26 years$2,217$1,670$1,240$909$660$292
27 years$2,112$1,571$1,151$832$595$253
28 years$2,015$1,481$1,070$763$537$220
29 years$1,924$1,397$996$699$485$191
30 years$1,840$1,319$928$642$438$166
31 years$1,762$1,247$865$589$396$144
32 years$1,688$1,180$807$542$358$125
33 years$1,619$1,117$753$498$324$109
34 years$1,554$1,059$704$458$294$94
35 years$1,493$1,005$658$422$266$82
36 years$1,436$953$616$389$241$71
37 years$1,382$906$576$358$218$62
38 years$1,330$861$540$330$198$54
39 years$1,282$818$506$304$180$47
40 years$1,236$779$474$281$163$41
41 years$1,192$741$444$259$148$36
42 years$1,151$706$417$239$134$31
43 years$1,112$673$391$221$122$27
44 years$1,074$641$367$204$110$23
45 years$1,038$611$345$188$100$20
46 years$1,004$583$324$174$91$18
47 years$972$557$304$161$83$15
48 years$941$531$286$148$75$13
49 years$911$507$269$137$68$12
50 years$883$485$253$127$62$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $904,000, adding $6,625 every year, while hoping to spend $29,713 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: 45/44/11 Blend
72$904,000$904,000$904,000$904,000
73$1,003,042$955,130$941,118$1,044,763
74$1,073,738$970,317$941,031$1,089,556
75$1,150,649$985,252$939,945$1,134,537
76$1,234,377$999,892$937,796$1,182,644
77$1,325,587$1,014,189$934,515$1,234,176
78$1,425,006$1,028,095$930,031$1,289,465
79$1,533,440$1,041,554$924,270$1,348,874
80$1,651,770$1,054,510$917,152$1,412,808
81$1,780,971$1,066,901$908,597$1,481,711
82$1,922,113$1,078,662$898,518$1,556,074
83$2,076,375$1,089,723$886,825$1,636,439
84$2,245,055$1,100,009$873,424$1,723,405
85$2,429,583$1,109,442$858,215$1,817,634
86$2,631,532$1,117,936$841,097$1,919,855
87$2,852,635$1,125,401$821,960$2,030,872
88$3,094,799$1,131,742$800,692$2,151,577
89$3,360,128$1,136,856$777,174$2,282,949
90$3,650,934$1,140,635$751,282$2,426,074
91$3,969,766$1,142,964$722,888$2,582,146
92$4,319,433$1,143,719$691,855$2,752,486
93$4,703,025$1,142,771$658,042$2,938,551
94$5,123,948$1,139,982$621,301$3,141,950
95$5,585,953$1,135,204$581,477$3,364,458
96$6,093,173$1,128,281$538,409$3,608,033
97$6,650,160$1,119,050$491,928$3,874,838
98$7,261,926$1,107,333$441,858$4,167,257
99$7,933,996$1,092,947$388,014$4,487,924
100$8,672,456$1,075,692$330,205$4,839,744