Can I retire at age 73 with 928,000?

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 $928,000?

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$76,633$75,951$75,285$74,635$74,000$73,166
2 years$37,937$37,231$36,546$35,882$35,238$34,399
3 years$25,040$24,331$23,648$22,990$22,357$21,538
4 years$18,593$17,886$17,209$16,563$15,945$15,153
5 years$14,726$14,023$13,355$12,722$12,121$11,358
6 years$12,148$11,450$10,793$10,174$9,591$8,858
7 years$10,308$9,616$8,969$8,364$7,800$7,097
8 years$8,929$8,243$7,606$7,017$6,471$5,799
9 years$7,856$7,177$6,551$5,977$5,449$4,807
10 years$6,999$6,326$5,712$5,152$4,643$4,030
11 years$6,298$5,632$5,028$4,484$3,993$3,410
12 years$5,714$5,055$4,463$3,933$3,460$2,905
13 years$5,220$4,568$3,987$3,472$3,018$2,490
14 years$4,797$4,152$3,582$3,082$2,645$2,145
15 years$4,431$3,793$3,234$2,749$2,329$1,855
16 years$4,111$3,480$2,933$2,461$2,058$1,610
17 years$3,829$3,205$2,668$2,211$1,825$1,401
18 years$3,579$2,962$2,436$1,993$1,623$1,222
19 years$3,355$2,745$2,230$1,801$1,446$1,069
20 years$3,154$2,551$2,047$1,631$1,292$936
21 years$2,972$2,376$1,882$1,480$1,156$821
22 years$2,807$2,218$1,735$1,346$1,036$722
23 years$2,657$2,074$1,602$1,226$930$635
24 years$2,519$1,943$1,482$1,118$836$559
25 years$2,393$1,824$1,372$1,021$752$493
26 years$2,276$1,714$1,273$933$678$434
27 years$2,168$1,613$1,182$854$611$383
28 years$2,068$1,520$1,099$783$551$339
29 years$1,975$1,434$1,022$718$498$299
30 years$1,889$1,354$952$659$450$265
31 years$1,808$1,280$888$605$407$234
32 years$1,733$1,211$828$556$368$207
33 years$1,662$1,147$773$511$333$183
34 years$1,595$1,087$723$471$301$162
35 years$1,533$1,031$676$433$273$144
36 years$1,474$979$632$399$247$127
37 years$1,418$930$592$368$224$113
38 years$1,366$883$554$339$203$100
39 years$1,316$840$519$312$184$89
40 years$1,269$799$486$288$167$78
41 years$1,224$761$456$266$152$70
42 years$1,181$725$428$245$138$62
43 years$1,141$690$402$226$125$55
44 years$1,103$658$377$209$113$48
45 years$1,066$628$354$193$103$43
46 years$1,031$599$332$178$93$38
47 years$998$571$312$165$85$34
48 years$966$545$293$152$77$30
49 years$935$521$276$141$70$27
50 years$906$497$259$130$64$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $928,000, adding $6,254 every year, while hoping to spend $32,645 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: 36/34/30 Blend
72$928,000$928,000$928,000$928,000
73$1,029,107$979,923$965,539$1,056,723
74$1,099,342$993,205$963,151$1,091,195
75$1,175,647$1,006,044$959,588$1,125,011
76$1,258,606$1,018,384$954,777$1,160,904
77$1,348,863$1,030,163$948,642$1,199,083
78$1,447,125$1,041,320$941,099$1,239,783
79$1,554,172$1,051,784$932,066$1,283,260
80$1,670,859$1,061,484$921,452$1,329,802
81$1,798,131$1,070,340$909,165$1,379,726
82$1,937,025$1,078,272$895,107$1,433,384
83$2,088,684$1,085,190$879,175$1,491,167
84$2,254,366$1,091,000$861,264$1,553,507
85$2,435,455$1,095,603$841,260$1,620,883
86$2,633,477$1,098,893$819,048$1,693,826
87$2,850,109$1,100,756$794,503$1,772,924
88$3,087,201$1,101,074$767,500$1,858,828
89$3,346,786$1,099,718$737,902$1,952,257
90$3,631,108$1,096,553$705,571$2,054,011
91$3,942,633$1,091,436$670,359$2,164,970
92$4,284,079$1,084,215$632,115$2,286,113
93$4,658,442$1,074,727$590,677$2,418,520
94$5,069,016$1,062,803$545,878$2,563,386
95$5,519,435$1,048,259$497,544$2,722,032
96$6,013,699$1,030,905$445,493$2,895,921
97$6,556,212$1,010,535$389,533$3,086,669
98$7,151,829$986,935$329,466$3,296,062
99$7,805,896$959,875$265,083$3,526,077
100$8,524,301$929,113$196,168$3,778,895