Can I retire at age 73 with 1,140,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$94,140$93,302$92,483$91,685$90,905$89,844
2 years$46,604$45,736$44,895$44,079$43,288$42,220
3 years$30,761$29,889$29,050$28,242$27,464$26,422
4 years$22,841$21,972$21,141$20,347$19,587$18,580
5 years$18,090$17,226$16,406$15,628$14,890$13,919
6 years$14,924$14,066$13,259$12,498$11,782$10,850
7 years$12,663$11,813$11,018$10,275$9,582$8,688
8 years$10,968$10,126$9,344$8,620$7,949$7,094
9 years$9,651$8,816$8,048$7,342$6,694$5,878
10 years$8,597$7,771$7,017$6,329$5,704$4,925
11 years$7,736$6,918$6,177$5,508$4,906$4,164
12 years$7,019$6,209$5,482$4,831$4,251$3,546
13 years$6,413$5,612$4,898$4,265$3,707$3,037
14 years$5,893$5,101$4,401$3,786$3,250$2,614
15 years$5,444$4,660$3,973$3,377$2,861$2,259
16 years$5,051$4,275$3,602$3,023$2,529$1,959
17 years$4,704$3,937$3,278$2,717$2,242$1,704
18 years$4,397$3,638$2,992$2,448$1,994$1,486
19 years$4,122$3,372$2,739$2,212$1,777$1,298
20 years$3,874$3,133$2,514$2,004$1,587$1,136
21 years$3,651$2,918$2,313$1,818$1,420$996
22 years$3,448$2,724$2,131$1,653$1,273$874
23 years$3,264$2,548$1,968$1,506$1,143$769
24 years$3,094$2,387$1,820$1,373$1,027$676
25 years$2,939$2,240$1,686$1,254$924$596
26 years$2,796$2,106$1,563$1,147$833$525
27 years$2,664$1,982$1,452$1,050$751$463
28 years$2,541$1,867$1,350$962$677$409
29 years$2,427$1,762$1,256$882$612$361
30 years$2,321$1,664$1,170$809$553$319
31 years$2,221$1,573$1,091$743$500$282
32 years$2,129$1,488$1,018$683$452$249
33 years$2,042$1,409$950$628$409$220
34 years$1,960$1,336$888$578$370$195
35 years$1,883$1,267$830$532$335$172
36 years$1,811$1,202$776$490$304$153
37 years$1,742$1,142$727$451$275$135
38 years$1,678$1,085$681$416$250$120
39 years$1,616$1,032$638$384$226$106
40 years$1,559$982$598$354$205$94
41 years$1,504$935$560$327$186$83
42 years$1,451$890$526$301$169$74
43 years$1,402$848$493$278$153$65
44 years$1,354$808$463$257$139$58
45 years$1,309$771$435$237$126$51
46 years$1,267$735$408$219$115$45
47 years$1,226$702$384$202$104$40
48 years$1,186$670$360$187$95$36
49 years$1,149$640$339$173$86$32
50 years$1,113$611$319$160$78$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,140,000, adding $6,067 every year, while hoping to spend $49,493 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: 66/6/28 Blend
72$1,140,000$1,140,000$1,140,000$1,140,000
73$1,262,538$1,202,118$1,184,448$1,336,188
74$1,338,657$1,208,362$1,171,467$1,392,879
75$1,420,881$1,213,252$1,156,392$1,448,760
76$1,509,781$1,216,672$1,139,101$1,508,766
77$1,605,983$1,218,494$1,119,466$1,573,310
78$1,710,178$1,218,585$1,097,353$1,642,844
79$1,823,123$1,216,802$1,072,621$1,717,872
80$1,945,651$1,212,995$1,045,123$1,798,946
81$2,078,679$1,207,003$1,014,706$1,886,680
82$2,223,215$1,198,657$981,209$1,981,749
83$2,380,367$1,187,775$944,465$2,084,901
84$2,551,356$1,174,168$904,296$2,196,959
85$2,737,525$1,157,632$860,519$2,318,834
86$2,940,349$1,137,953$812,943$2,451,531
87$3,161,454$1,114,902$761,367$2,596,161
88$3,402,630$1,088,240$705,580$2,753,949
89$3,665,844$1,057,710$645,363$2,926,248
90$3,953,266$1,023,043$580,488$3,114,550
91$4,267,280$983,953$510,715$3,320,504
92$4,610,512$940,136$435,795$3,545,929
93$4,985,856$891,274$355,465$3,792,834
94$5,396,494$837,028$269,454$4,063,433
95$5,845,933$777,039$177,477$4,360,173
96$6,338,033$710,929$79,238$4,685,751
97$6,877,046$638,297$0$5,043,145
98$7,467,652$558,722$0$5,443,289
99$8,115,009$471,755$0$5,907,918
100$8,824,794$376,925$0$6,417,435