Can I retire at age 73 with 931,000?

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 $931,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$76,881$76,196$75,528$74,876$74,239$73,771
2 years$38,060$37,351$36,664$35,998$35,352$34,880
3 years$25,121$24,409$23,724$23,064$22,429$21,967
4 years$18,653$17,943$17,265$16,617$15,996$15,549
5 years$14,773$14,068$13,398$12,763$12,160$11,728
6 years$12,188$11,487$10,828$10,207$9,622$9,206
7 years$10,341$9,647$8,998$8,392$7,825$7,425
8 years$8,957$8,269$7,631$7,039$6,492$6,108
9 years$7,882$7,200$6,573$5,996$5,467$5,100
10 years$7,021$6,346$5,730$5,169$4,658$4,307
11 years$6,318$5,650$5,045$4,498$4,006$3,670
12 years$5,732$5,071$4,477$3,946$3,472$3,151
13 years$5,237$4,583$4,000$3,483$3,027$2,722
14 years$4,813$4,166$3,594$3,092$2,654$2,363
15 years$4,446$3,805$3,245$2,758$2,337$2,060
16 years$4,125$3,491$2,942$2,469$2,065$1,802
17 years$3,842$3,215$2,677$2,219$1,831$1,582
18 years$3,591$2,971$2,444$1,999$1,628$1,392
19 years$3,366$2,754$2,237$1,807$1,451$1,228
20 years$3,164$2,559$2,053$1,636$1,296$1,085
21 years$2,982$2,383$1,889$1,485$1,160$960
22 years$2,816$2,225$1,741$1,350$1,040$851
23 years$2,665$2,081$1,607$1,230$933$756
24 years$2,527$1,950$1,486$1,121$839$672
25 years$2,400$1,830$1,377$1,024$755$597
26 years$2,283$1,720$1,277$936$680$532
27 years$2,175$1,618$1,186$857$613$474
28 years$2,075$1,525$1,102$785$553$423
29 years$1,982$1,439$1,026$720$499$377
30 years$1,895$1,359$955$661$451$337
31 years$1,814$1,284$891$607$408$301
32 years$1,738$1,215$831$558$369$269
33 years$1,667$1,151$776$513$334$240
34 years$1,601$1,091$725$472$302$215
35 years$1,538$1,035$678$435$274$192
36 years$1,479$982$634$400$248$172
37 years$1,423$933$593$369$225$154
38 years$1,370$886$556$340$204$138
39 years$1,320$843$521$313$185$123
40 years$1,273$802$488$289$168$110
41 years$1,228$763$458$267$152$99
42 years$1,185$727$429$246$138$89
43 years$1,145$693$403$227$125$79
44 years$1,106$660$378$210$114$71
45 years$1,069$630$355$194$103$64
46 years$1,034$601$333$179$94$57
47 years$1,001$573$313$165$85$51
48 years$969$547$294$153$77$46
49 years$938$522$277$141$70$41
50 years$909$499$260$130$64$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $931,000, adding $5,566 every year, while hoping to spend $33,844 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: 79/15/6 Blend
72$931,000$931,000$931,000$931,000
73$1,031,703$982,360$967,930$1,112,260
74$1,100,927$994,486$964,346$1,177,966
75$1,176,078$1,006,072$959,507$1,245,015
76$1,257,724$1,017,055$953,337$1,317,545
77$1,346,491$1,027,370$945,752$1,396,085
78$1,443,067$1,036,945$936,669$1,481,218
79$1,548,209$1,045,706$925,998$1,573,585
80$1,662,752$1,053,571$913,644$1,673,894
81$1,787,612$1,060,455$899,510$1,782,924
82$1,923,798$1,066,267$883,493$1,901,533
83$2,072,422$1,070,910$865,486$2,030,667
84$2,234,705$1,074,281$845,377$2,171,366
85$2,411,995$1,076,270$823,047$2,324,778
86$2,605,772$1,076,762$798,373$2,492,168
87$2,817,670$1,075,632$771,227$2,674,928
88$3,049,483$1,072,749$741,474$2,874,594
89$3,303,190$1,067,973$708,973$3,092,857
90$3,580,969$1,061,158$673,578$3,331,581
91$3,885,219$1,052,145$635,133$3,592,820
92$4,218,580$1,040,769$593,479$3,878,838
93$4,583,961$1,026,853$548,447$4,192,128
94$4,984,567$1,010,210$499,861$4,535,439
95$5,423,925$990,643$447,539$4,911,802
96$5,905,922$967,941$391,288$5,324,555
97$6,434,839$941,883$330,909$5,777,377
98$7,015,390$912,233$266,192$6,274,323
99$7,652,770$878,743$196,920$6,819,862
100$8,352,700$841,148$122,864$7,418,921