Can I retire at age 73 with 908,000?

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 $908,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$74,982$74,314$73,662$73,026$72,405$71,089
2 years$37,120$36,428$35,758$35,109$34,479$33,157
3 years$24,501$23,806$23,138$22,495$21,875$20,589
4 years$18,192$17,500$16,839$16,206$15,601$14,362
5 years$14,408$13,720$13,067$12,448$11,860$10,670
6 years$11,887$11,204$10,560$9,955$9,384$8,245
7 years$10,086$9,409$8,776$8,184$7,632$6,544
8 years$8,736$8,065$7,443$6,866$6,331$5,294
9 years$7,687$7,022$6,410$5,848$5,332$4,345
10 years$6,848$6,190$5,589$5,041$4,543$3,605
11 years$6,162$5,510$4,920$4,387$3,907$3,018
12 years$5,591$4,946$4,366$3,848$3,386$2,543
13 years$5,108$4,470$3,901$3,397$2,953$2,156
14 years$4,694$4,063$3,505$3,016$2,588$1,836
15 years$4,336$3,711$3,165$2,690$2,279$1,569
16 years$4,023$3,405$2,869$2,408$2,014$1,346
17 years$3,747$3,136$2,611$2,164$1,786$1,157
18 years$3,502$2,898$2,383$1,950$1,588$997
19 years$3,283$2,686$2,182$1,762$1,415$861
20 years$3,086$2,496$2,002$1,596$1,264$745
21 years$2,908$2,325$1,842$1,448$1,131$645
22 years$2,747$2,170$1,698$1,317$1,014$560
23 years$2,599$2,029$1,567$1,199$910$486
24 years$2,465$1,901$1,450$1,094$818$422
25 years$2,341$1,784$1,343$999$736$367
26 years$2,227$1,677$1,245$913$663$319
27 years$2,121$1,578$1,156$836$598$278
28 years$2,024$1,487$1,075$766$539$242
29 years$1,933$1,403$1,000$702$487$211
30 years$1,848$1,325$932$645$440$184
31 years$1,769$1,253$869$592$398$161
32 years$1,695$1,185$810$544$360$140
33 years$1,626$1,122$757$500$326$122
34 years$1,561$1,064$707$460$295$107
35 years$1,500$1,009$661$424$267$93
36 years$1,442$958$618$390$242$81
37 years$1,388$910$579$360$219$71
38 years$1,336$864$542$331$199$62
39 years$1,288$822$508$306$180$54
40 years$1,241$782$476$282$164$47
41 years$1,198$744$446$260$148$41
42 years$1,156$709$419$240$135$36
43 years$1,116$676$393$222$122$32
44 years$1,079$644$369$205$111$28
45 years$1,043$614$346$189$101$24
46 years$1,009$586$325$175$91$21
47 years$976$559$306$161$83$18
48 years$945$534$287$149$75$16
49 years$915$510$270$138$68$14
50 years$887$487$254$127$62$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $908,000, adding $2,920 every year, while hoping to spend $30,996 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: 61/9/30 Blend
72$908,000$908,000$908,000$908,000
73$1,003,628$955,504$941,430$1,056,527
74$1,073,019$969,344$939,988$1,106,793
75$1,148,448$982,824$937,460$1,158,066
76$1,230,500$995,892$933,775$1,213,396
77$1,319,816$1,008,496$928,861$1,273,187
78$1,417,101$1,020,576$922,642$1,337,885
79$1,523,134$1,032,073$915,039$1,407,980
80$1,638,769$1,042,920$905,968$1,484,017
81$1,764,948$1,053,047$895,342$1,566,594
82$1,902,706$1,062,380$883,070$1,656,373
83$2,053,184$1,070,839$869,055$1,754,082
84$2,217,637$1,078,338$853,196$1,860,528
85$2,397,448$1,084,789$835,391$1,976,597
86$2,594,138$1,090,094$815,527$2,103,271
87$2,809,384$1,094,152$793,491$2,241,630
88$3,045,030$1,096,855$769,161$2,392,867
89$3,303,108$1,098,086$742,413$2,558,298
90$3,585,856$1,097,723$713,115$2,739,375
91$3,895,738$1,095,636$681,129$2,937,701
92$4,235,468$1,091,686$646,311$3,155,041
93$4,608,035$1,085,728$608,512$3,393,344
94$5,016,730$1,077,605$567,573$3,654,761
95$5,465,181$1,067,152$523,331$3,941,663
96$5,957,382$1,054,194$475,615$4,256,665
97$6,497,731$1,038,547$424,245$4,602,652
98$7,091,077$1,020,012$369,033$4,982,805
99$7,742,756$998,382$309,786$5,400,633
100$8,458,651$973,437$246,298$5,860,006