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

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$94,140$93,302$92,483$91,685$90,905$88,997
2 years$46,604$45,736$44,895$44,079$43,288$41,375
3 years$30,761$29,889$29,050$28,242$27,464$25,605
4 years$22,841$21,972$21,141$20,347$19,587$17,797
5 years$18,090$17,226$16,406$15,628$14,890$13,174
6 years$14,924$14,066$13,259$12,498$11,782$10,141
7 years$12,663$11,813$11,018$10,275$9,582$8,017
8 years$10,968$10,126$9,344$8,620$7,949$6,460
9 years$9,651$8,816$8,048$7,342$6,694$5,279
10 years$8,597$7,771$7,017$6,329$5,704$4,362
11 years$7,736$6,918$6,177$5,508$4,906$3,635
12 years$7,019$6,209$5,482$4,831$4,251$3,050
13 years$6,413$5,612$4,898$4,265$3,707$2,573
14 years$5,893$5,101$4,401$3,786$3,250$2,181
15 years$5,444$4,660$3,973$3,377$2,861$1,855
16 years$5,051$4,275$3,602$3,023$2,529$1,583
17 years$4,704$3,937$3,278$2,717$2,242$1,354
18 years$4,397$3,638$2,992$2,448$1,994$1,161
19 years$4,122$3,372$2,739$2,212$1,777$998
20 years$3,874$3,133$2,514$2,004$1,587$858
21 years$3,651$2,918$2,313$1,818$1,420$740
22 years$3,448$2,724$2,131$1,653$1,273$638
23 years$3,264$2,548$1,968$1,506$1,143$551
24 years$3,094$2,387$1,820$1,373$1,027$476
25 years$2,939$2,240$1,686$1,254$924$412
26 years$2,796$2,106$1,563$1,147$833$356
27 years$2,664$1,982$1,452$1,050$751$308
28 years$2,541$1,867$1,350$962$677$267
29 years$2,427$1,762$1,256$882$612$232
30 years$2,321$1,664$1,170$809$553$201
31 years$2,221$1,573$1,091$743$500$174
32 years$2,129$1,488$1,018$683$452$151
33 years$2,042$1,409$950$628$409$131
34 years$1,960$1,336$888$578$370$114
35 years$1,883$1,267$830$532$335$99
36 years$1,811$1,202$776$490$304$86
37 years$1,742$1,142$727$451$275$74
38 years$1,678$1,085$681$416$250$65
39 years$1,616$1,032$638$384$226$56
40 years$1,559$982$598$354$205$49
41 years$1,504$935$560$327$186$42
42 years$1,451$890$526$301$169$37
43 years$1,402$848$493$278$153$32
44 years$1,354$808$463$257$139$28
45 years$1,309$771$435$237$126$24
46 years$1,267$735$408$219$115$21
47 years$1,226$702$384$202$104$18
48 years$1,186$670$360$187$95$16
49 years$1,149$640$339$173$86$14
50 years$1,113$611$319$160$78$12

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 $2,032 every year, while hoping to spend $32,674 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: 51/39/10 Blend
72$1,140,000$1,140,000$1,140,000$1,140,000
73$1,258,376$1,197,956$1,180,286$1,319,155
74$1,351,965$1,221,891$1,185,061$1,384,785
75$1,454,006$1,245,904$1,188,900$1,452,436
76$1,565,325$1,269,963$1,191,739$1,525,220
77$1,686,833$1,294,037$1,193,507$1,603,628
78$1,819,534$1,318,088$1,194,133$1,688,202
79$1,964,530$1,342,078$1,193,540$1,779,539
80$2,123,037$1,365,965$1,191,649$1,878,295
81$2,296,392$1,389,703$1,188,375$1,985,195
82$2,486,070$1,413,243$1,183,631$2,101,040
83$2,693,690$1,436,534$1,177,324$2,226,708
84$2,921,041$1,459,518$1,169,358$2,363,171
85$3,170,088$1,482,135$1,159,633$2,511,499
86$3,442,997$1,504,320$1,148,041$2,672,873
87$3,742,154$1,526,004$1,134,472$2,848,592
88$4,070,187$1,547,110$1,118,809$3,040,091
89$4,429,988$1,567,561$1,100,931$3,248,951
90$4,824,745$1,587,270$1,080,711$3,476,916
91$5,257,969$1,606,146$1,058,014$3,725,907
92$5,733,526$1,624,091$1,032,702$3,998,043
93$6,255,676$1,641,002$1,004,628$4,295,662
94$6,829,112$1,656,768$973,640$4,621,338
95$7,459,001$1,671,270$939,577$4,977,912
96$8,151,039$1,684,381$902,272$5,368,517
97$8,911,498$1,695,969$861,552$5,796,604
98$9,747,289$1,705,890$817,232$6,265,980
99$10,666,026$1,713,992$769,122$6,780,842
100$11,676,096$1,720,113$717,023$7,345,818