Can I retire at age 73 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$94,966$94,120$93,295$92,489$91,703$90,258
2 years$47,013$46,137$45,289$44,466$43,668$42,216
3 years$31,031$30,151$29,305$28,490$27,705$26,291
4 years$23,041$22,164$21,326$20,525$19,759$18,394
5 years$18,248$17,377$16,550$15,765$15,021$13,709
6 years$15,055$14,190$13,375$12,608$11,885$10,628
7 years$12,774$11,916$11,115$10,365$9,666$8,463
8 years$11,064$10,215$9,426$8,695$8,019$6,871
9 years$9,735$8,894$8,119$7,407$6,753$5,659
10 years$8,673$7,839$7,078$6,384$5,754$4,713
11 years$7,804$6,979$6,231$5,556$4,949$3,960
12 years$7,081$6,264$5,530$4,874$4,288$3,351
13 years$6,469$5,661$4,941$4,303$3,739$2,851
14 years$5,945$5,145$4,439$3,820$3,278$2,438
15 years$5,491$4,700$4,008$3,406$2,886$2,093
16 years$5,095$4,313$3,634$3,050$2,551$1,802
17 years$4,745$3,972$3,307$2,740$2,262$1,556
18 years$4,435$3,670$3,019$2,470$2,011$1,347
19 years$4,158$3,401$2,763$2,232$1,792$1,168
20 years$3,908$3,161$2,536$2,021$1,601$1,015
21 years$3,683$2,944$2,333$1,834$1,433$883
22 years$3,479$2,748$2,150$1,668$1,284$770
23 years$3,292$2,570$1,985$1,519$1,153$671
24 years$3,122$2,408$1,836$1,385$1,036$586
25 years$2,965$2,260$1,700$1,265$932$512
26 years$2,820$2,124$1,577$1,157$840$448
27 years$2,687$1,999$1,464$1,059$757$392
28 years$2,563$1,884$1,361$970$683$343
29 years$2,448$1,777$1,267$890$617$300
30 years$2,341$1,678$1,180$816$557$263
31 years$2,241$1,586$1,100$750$504$231
32 years$2,147$1,501$1,026$689$456$202
33 years$2,059$1,422$958$634$413$177
34 years$1,977$1,347$895$583$374$156
35 years$1,900$1,278$837$537$338$136
36 years$1,826$1,213$783$494$307$120
37 years$1,758$1,152$733$455$278$105
38 years$1,692$1,095$686$420$252$92
39 years$1,631$1,041$643$387$228$81
40 years$1,572$990$603$357$207$71
41 years$1,517$943$565$329$188$62
42 years$1,464$898$530$304$171$55
43 years$1,414$856$498$281$155$48
44 years$1,366$816$467$259$141$42
45 years$1,321$778$439$239$128$37
46 years$1,278$742$412$221$116$33
47 years$1,236$708$387$204$105$29
48 years$1,197$676$364$189$96$25
49 years$1,159$645$342$174$87$22
50 years$1,123$617$321$161$79$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,150,000, adding $6,722 every year, while hoping to spend $22,403 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: 37/37/26 Blend
72$1,150,000$1,150,000$1,150,000$1,150,000
73$1,274,234$1,213,284$1,195,459$1,311,252
74$1,380,369$1,248,898$1,211,670$1,374,694
75$1,496,579$1,285,507$1,227,673$1,440,635
76$1,623,868$1,323,134$1,243,439$1,511,426
77$1,763,342$1,361,807$1,258,933$1,587,521
78$1,916,218$1,401,551$1,274,122$1,669,415
79$2,083,837$1,442,392$1,288,970$1,757,656
80$2,267,677$1,484,357$1,303,439$1,852,847
81$2,469,364$1,527,474$1,317,488$1,955,652
82$2,690,689$1,571,772$1,331,075$2,066,799
83$2,933,628$1,617,277$1,344,154$2,187,094
84$3,200,354$1,664,020$1,356,680$2,317,421
85$3,493,263$1,712,029$1,368,600$2,458,754
86$3,814,992$1,761,334$1,379,865$2,612,168
87$4,168,447$1,811,966$1,390,417$2,778,844
88$4,556,832$1,863,955$1,400,198$2,960,083
89$4,983,672$1,917,333$1,409,149$3,157,321
90$5,452,855$1,972,130$1,417,203$3,372,135
91$5,968,661$2,028,379$1,424,295$3,606,267
92$6,535,807$2,086,113$1,430,351$3,861,633
93$7,159,490$2,145,363$1,435,298$4,140,344
94$7,845,435$2,206,163$1,439,058$4,444,727
95$8,599,950$2,268,545$1,441,547$4,777,345
96$9,429,986$2,332,545$1,442,680$5,141,021
97$10,343,200$2,398,195$1,442,365$5,538,867
98$11,348,029$2,465,529$1,440,507$5,974,310
99$12,453,770$2,534,582$1,437,006$6,451,128
100$13,670,667$2,605,388$1,431,757$6,973,482