Can I retire at age 73 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$90,837$90,028$89,238$88,468$87,716$84,536
2 years$44,969$44,131$43,320$42,533$41,769$38,601
3 years$29,681$28,840$28,031$27,251$26,500$23,443
4 years$22,039$21,201$20,399$19,633$18,900$15,977
5 years$17,455$16,622$15,831$15,080$14,368$11,586
6 years$14,400$13,573$12,793$12,060$11,369$8,730
7 years$12,219$11,398$10,631$9,915$9,246$6,751
8 years$10,583$9,771$9,016$8,317$7,670$5,316
9 years$9,312$8,507$7,766$7,084$6,459$4,243
10 years$8,296$7,499$6,770$6,107$5,504$3,421
11 years$7,465$6,675$5,960$5,315$4,733$2,780
12 years$6,773$5,992$5,290$4,662$4,102$2,274
13 years$6,188$5,415$4,726$4,116$3,577$1,868
14 years$5,687$4,922$4,246$3,653$3,135$1,541
15 years$5,253$4,496$3,834$3,258$2,761$1,276
16 years$4,873$4,125$3,476$2,917$2,440$1,059
17 years$4,539$3,799$3,163$2,621$2,163$880
18 years$4,242$3,510$2,887$2,362$1,924$733
19 years$3,977$3,253$2,643$2,135$1,715$612
20 years$3,739$3,023$2,426$1,933$1,531$511
21 years$3,523$2,816$2,231$1,755$1,371$427
22 years$3,327$2,629$2,057$1,595$1,228$358
23 years$3,149$2,459$1,899$1,453$1,103$299
24 years$2,986$2,304$1,756$1,325$991$251
25 years$2,836$2,162$1,627$1,210$892$210
26 years$2,698$2,032$1,509$1,106$803$176
27 years$2,570$1,912$1,401$1,013$724$148
28 years$2,452$1,802$1,302$928$654$124
29 years$2,342$1,700$1,212$851$590$104
30 years$2,239$1,605$1,129$781$533$87
31 years$2,143$1,517$1,052$717$482$73
32 years$2,054$1,436$982$659$436$62
33 years$1,970$1,360$917$606$395$52
34 years$1,891$1,289$857$558$357$43
35 years$1,817$1,222$801$513$324$37
36 years$1,747$1,160$749$473$293$31
37 years$1,681$1,102$701$436$266$26
38 years$1,619$1,047$657$402$241$22
39 years$1,560$996$615$370$218$18
40 years$1,504$947$577$342$198$15
41 years$1,451$902$541$315$180$13
42 years$1,400$859$507$291$163$11
43 years$1,353$818$476$268$148$9
44 years$1,307$780$447$248$134$8
45 years$1,264$744$419$229$122$6
46 years$1,222$710$394$211$111$5
47 years$1,183$677$370$195$101$5
48 years$1,145$646$348$180$91$4
49 years$1,109$617$327$167$83$3
50 years$1,074$590$307$154$75$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,100,000, adding $3,342 every year, while hoping to spend $31,176 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: 82/10/8 Blend
72$1,100,000$1,100,000$1,100,000$1,100,000
73$1,215,647$1,157,347$1,140,297$1,313,879
74$1,306,472$1,180,886$1,145,326$1,402,177
75$1,405,517$1,204,534$1,149,479$1,494,597
76$1,513,586$1,228,262$1,152,693$1,595,105
77$1,631,566$1,252,042$1,154,902$1,704,495
78$1,760,433$1,275,839$1,156,039$1,823,640
79$1,901,262$1,299,620$1,156,031$1,953,501
80$2,055,236$1,323,347$1,154,803$2,095,136
81$2,223,656$1,346,977$1,152,275$2,249,712
82$2,407,957$1,370,466$1,148,364$2,418,513
83$2,609,717$1,393,768$1,142,983$2,602,953
84$2,830,676$1,416,830$1,136,041$2,804,591
85$3,072,747$1,439,597$1,127,441$3,025,144
86$3,338,040$1,462,011$1,117,083$3,266,502
87$3,628,877$1,484,006$1,104,862$3,530,749
88$3,947,816$1,505,515$1,090,668$3,820,180
89$4,297,673$1,526,466$1,074,386$4,137,324
90$4,681,552$1,546,779$1,055,894$4,484,966
91$5,102,871$1,566,371$1,035,066$4,866,176
92$5,565,393$1,585,153$1,011,771$5,284,336
93$6,073,267$1,603,029$985,869$5,743,171
94$6,631,060$1,619,898$957,216$6,246,788
95$7,243,806$1,635,650$925,659$6,799,710
96$7,917,047$1,650,170$891,042$7,406,921
97$8,656,892$1,663,334$853,198$8,073,915
98$9,470,068$1,675,011$811,954$8,806,743
99$10,363,989$1,685,060$767,128$9,612,074
100$11,346,821$1,693,334$718,532$10,497,257