Can I retire at age 73 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$93,314$92,483$91,672$90,881$90,108$87,965
2 years$46,195$45,335$44,501$43,693$42,908$40,762
3 years$30,491$29,627$28,795$27,994$27,223$25,140
4 years$22,640$21,779$20,955$20,168$19,416$17,413
5 years$17,931$17,075$16,262$15,491$14,759$12,842
6 years$14,793$13,943$13,142$12,388$11,679$9,848
7 years$12,552$11,709$10,921$10,185$9,498$7,755
8 years$10,872$10,037$9,262$8,544$7,879$6,223
9 years$9,566$8,739$7,978$7,278$6,636$5,064
10 years$8,522$7,703$6,955$6,273$5,654$4,166
11 years$7,668$6,858$6,123$5,460$4,862$3,456
12 years$6,957$6,155$5,434$4,789$4,214$2,887
13 years$6,356$5,562$4,855$4,228$3,674$2,424
14 years$5,842$5,056$4,362$3,753$3,221$2,045
15 years$5,396$4,619$3,938$3,347$2,836$1,731
16 years$5,006$4,238$3,571$2,997$2,506$1,470
17 years$4,663$3,903$3,249$2,693$2,222$1,251
18 years$4,358$3,606$2,966$2,427$1,976$1,067
19 years$4,085$3,342$2,715$2,193$1,761$912
20 years$3,841$3,106$2,492$1,986$1,573$781
21 years$3,619$2,893$2,292$1,802$1,408$669
22 years$3,418$2,700$2,113$1,639$1,262$574
23 years$3,235$2,526$1,951$1,492$1,133$493
24 years$3,067$2,366$1,804$1,361$1,018$424
25 years$2,913$2,221$1,671$1,243$916$364
26 years$2,771$2,087$1,550$1,137$825$313
27 years$2,640$1,964$1,439$1,040$744$270
28 years$2,519$1,851$1,338$953$671$232
29 years$2,405$1,746$1,245$874$606$200
30 years$2,300$1,649$1,160$802$548$173
31 years$2,202$1,559$1,081$737$495$149
32 years$2,110$1,475$1,009$677$448$128
33 years$2,024$1,397$942$623$405$111
34 years$1,943$1,324$880$573$367$95
35 years$1,866$1,256$823$527$332$82
36 years$1,795$1,192$770$486$301$71
37 years$1,727$1,132$720$448$273$61
38 years$1,663$1,076$675$413$248$53
39 years$1,602$1,023$632$380$224$46
40 years$1,545$973$592$351$204$39
41 years$1,490$926$555$324$185$34
42 years$1,439$882$521$299$168$29
43 years$1,389$841$489$276$152$25
44 years$1,343$801$459$255$138$22
45 years$1,298$764$431$235$125$19
46 years$1,255$729$405$217$114$16
47 years$1,215$696$380$201$103$14
48 years$1,176$664$357$185$94$12
49 years$1,139$634$336$171$85$11
50 years$1,103$606$316$158$77$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,130,000, adding $3,129 every year, while hoping to spend $58,438 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: 46/37/17 Blend
72$1,130,000$1,130,000$1,130,000$1,130,000
73$1,248,488$1,188,598$1,171,083$1,299,739
74$1,313,656$1,184,661$1,148,136$1,331,841
75$1,383,512$1,178,573$1,122,463$1,360,518
76$1,458,474$1,170,167$1,093,909$1,390,381
77$1,538,998$1,159,265$1,062,314$1,421,565
78$1,625,586$1,145,679$1,027,512$1,454,223
79$1,718,789$1,129,210$989,326$1,488,525
80$1,819,211$1,109,647$947,574$1,524,664
81$1,927,517$1,086,766$902,064$1,562,857
82$2,044,436$1,060,331$852,597$1,603,346
83$2,170,772$1,030,090$798,961$1,646,405
84$2,307,404$995,778$740,940$1,692,338
85$2,455,302$957,113$678,305$1,741,488
86$2,615,531$913,800$610,816$1,794,237
87$2,789,261$865,522$538,224$1,851,014
88$2,977,781$811,948$460,270$1,912,296
89$3,182,506$752,725$376,680$1,978,616
90$3,404,994$687,481$287,172$2,050,572
91$3,646,960$615,824$191,448$2,128,825
92$3,910,287$537,337$89,199$2,214,118
93$4,197,051$451,581$0$2,307,274
94$4,509,534$358,092$0$2,412,825
95$4,850,248$256,380$0$2,545,681
96$5,221,959$145,928$0$2,690,844
97$5,627,709$26,189$0$2,849,646
98$6,070,848$0$0$3,023,560
99$6,555,065$0$0$3,256,323
100$7,084,420$0$0$3,522,567