Can I retire at age 73 with 963,000?

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 $963,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$79,524$78,815$78,124$77,450$76,791$75,550
2 years$39,368$38,635$37,924$37,235$36,567$35,320
3 years$25,985$25,248$24,540$23,857$23,200$21,986
4 years$19,294$18,560$17,859$17,188$16,546$15,375
5 years$15,281$14,551$13,859$13,202$12,578$11,452
6 years$12,607$11,882$11,200$10,558$9,953$8,874
7 years$10,697$9,979$9,307$8,680$8,094$7,062
8 years$9,265$8,554$7,893$7,281$6,715$5,730
9 years$8,152$7,447$6,799$6,202$5,655$4,717
10 years$7,263$6,565$5,927$5,346$4,818$3,926
11 years$6,535$5,844$5,218$4,653$4,144$3,297
12 years$5,929$5,245$4,631$4,081$3,591$2,787
13 years$5,417$4,740$4,137$3,603$3,131$2,370
14 years$4,978$4,309$3,718$3,198$2,745$2,025
15 years$4,598$3,936$3,356$2,852$2,417$1,737
16 years$4,266$3,611$3,043$2,554$2,136$1,495
17 years$3,974$3,326$2,769$2,295$1,894$1,290
18 years$3,714$3,073$2,528$2,068$1,684$1,116
19 years$3,482$2,848$2,314$1,869$1,501$967
20 years$3,273$2,647$2,124$1,692$1,341$840
21 years$3,084$2,465$1,953$1,536$1,200$730
22 years$2,913$2,301$1,800$1,397$1,075$636
23 years$2,757$2,152$1,662$1,272$965$554
24 years$2,614$2,017$1,537$1,160$868$483
25 years$2,483$1,893$1,424$1,059$781$422
26 years$2,362$1,779$1,321$969$703$369
27 years$2,250$1,674$1,226$887$634$322
28 years$2,146$1,577$1,140$812$572$282
29 years$2,050$1,488$1,061$745$517$247
30 years$1,960$1,405$988$684$467$216
31 years$1,876$1,328$921$628$422$189
32 years$1,798$1,257$860$577$382$166
33 years$1,725$1,190$803$531$346$145
34 years$1,656$1,128$750$488$313$127
35 years$1,591$1,070$701$449$283$112
36 years$1,529$1,016$656$414$257$98
37 years$1,472$965$614$381$233$86
38 years$1,417$917$575$352$211$75
39 years$1,366$872$539$324$191$66
40 years$1,317$829$505$299$174$58
41 years$1,270$790$473$276$157$51
42 years$1,226$752$444$255$143$45
43 years$1,184$716$417$235$130$39
44 years$1,144$683$391$217$118$34
45 years$1,106$651$367$200$107$30
46 years$1,070$621$345$185$97$26
47 years$1,035$593$324$171$88$23
48 years$1,002$566$305$158$80$20
49 years$971$540$286$146$73$18
50 years$940$516$269$135$66$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $963,000, adding $5,829 every year, while hoping to spend $20,937 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: 43/47/10 Blend
72$963,000$963,000$963,000$963,000
73$1,067,239$1,016,200$1,001,273$1,109,798
74$1,153,820$1,043,717$1,012,539$1,167,543
75$1,248,531$1,071,880$1,023,480$1,227,489
76$1,352,179$1,100,700$1,034,065$1,291,957
77$1,465,652$1,130,185$1,044,257$1,361,371
78$1,589,930$1,160,345$1,054,020$1,436,194
79$1,726,089$1,191,189$1,063,317$1,516,937
80$1,875,317$1,222,724$1,072,105$1,604,164
81$2,038,922$1,254,959$1,080,342$1,698,493
82$2,218,341$1,287,902$1,087,983$1,800,606
83$2,415,163$1,321,560$1,094,982$1,911,253
84$2,631,133$1,355,939$1,101,286$2,031,259
85$2,868,174$1,391,047$1,106,846$2,161,534
86$3,128,407$1,426,887$1,111,604$2,303,079
87$3,414,165$1,463,465$1,115,504$2,456,998
88$3,728,021$1,500,786$1,118,484$2,624,503
89$4,072,807$1,538,852$1,120,481$2,806,934
90$4,451,643$1,577,666$1,121,427$3,005,762
91$4,867,968$1,617,229$1,121,252$3,222,610
92$5,325,570$1,657,542$1,119,883$3,459,267
93$5,828,620$1,698,604$1,117,241$3,717,700
94$6,381,717$1,740,413$1,113,246$4,000,080
95$6,989,925$1,782,966$1,107,813$4,308,795
96$7,658,824$1,826,258$1,100,851$4,646,479
97$8,394,562$1,870,283$1,092,268$5,016,032
98$9,203,914$1,915,033$1,081,965$5,420,650
99$10,094,342$1,960,499$1,069,840$5,863,855
100$11,074,070$2,006,668$1,055,785$6,349,527