Can I retire at age 73 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$95,792$94,938$94,106$93,293$92,500$91,610
2 years$47,422$46,538$45,683$44,853$44,048$43,151
3 years$31,300$30,413$29,560$28,738$27,946$27,071
4 years$23,241$22,357$21,512$20,704$19,931$19,084
5 years$18,407$17,528$16,694$15,902$15,151$14,335
6 years$15,185$14,313$13,491$12,717$11,989$11,204
7 years$12,885$12,020$11,211$10,456$9,750$8,997
8 years$11,161$10,303$9,508$8,771$8,089$7,367
9 years$9,820$8,971$8,189$7,471$6,812$6,122
10 years$8,748$7,908$7,140$6,440$5,804$5,145
11 years$7,872$7,040$6,286$5,605$4,992$4,363
12 years$7,142$6,318$5,578$4,916$4,326$3,727
13 years$6,525$5,710$4,984$4,340$3,772$3,203
14 years$5,997$5,190$4,478$3,853$3,307$2,766
15 years$5,539$4,741$4,043$3,436$2,911$2,399
16 years$5,139$4,350$3,666$3,077$2,573$2,087
17 years$4,787$4,006$3,336$2,764$2,281$1,822
18 years$4,474$3,702$3,045$2,491$2,029$1,594
19 years$4,194$3,431$2,788$2,251$1,808$1,398
20 years$3,942$3,188$2,558$2,039$1,615$1,228
21 years$3,715$2,970$2,353$1,850$1,445$1,081
22 years$3,509$2,772$2,169$1,682$1,295$952
23 years$3,321$2,593$2,002$1,532$1,163$840
24 years$3,149$2,429$1,852$1,397$1,045$742
25 years$2,991$2,280$1,715$1,276$941$656
26 years$2,845$2,143$1,591$1,167$847$580
27 years$2,710$2,016$1,477$1,068$764$514
28 years$2,585$1,900$1,373$979$689$455
29 years$2,469$1,792$1,278$897$622$404
30 years$2,361$1,693$1,190$824$562$358
31 years$2,260$1,600$1,110$756$508$318
32 years$2,166$1,514$1,035$695$460$282
33 years$2,077$1,434$967$639$416$251
34 years$1,994$1,359$903$588$377$223
35 years$1,916$1,289$844$541$341$198
36 years$1,842$1,223$790$499$309$176
37 years$1,773$1,162$739$459$280$156
38 years$1,707$1,104$692$423$254$139
39 years$1,645$1,050$649$390$230$124
40 years$1,586$999$608$360$209$110
41 years$1,530$951$570$332$190$98
42 years$1,477$906$535$307$172$87
43 years$1,426$863$502$283$156$77
44 years$1,378$823$471$261$142$69
45 years$1,332$784$442$241$129$61
46 years$1,289$748$415$223$117$55
47 years$1,247$714$390$206$106$49
48 years$1,207$682$367$190$96$43
49 years$1,169$651$345$176$87$38
50 years$1,133$622$324$163$79$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,160,000, adding $4,789 every year, while hoping to spend $29,349 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: 68/9/23 Blend
72$1,160,000$1,160,000$1,160,000$1,160,000
73$1,283,260$1,221,780$1,203,800$1,362,719
74$1,382,925$1,250,420$1,212,900$1,445,218
75$1,491,773$1,279,480$1,221,321$1,531,609
76$1,610,708$1,308,949$1,229,010$1,625,427
77$1,740,729$1,338,815$1,235,910$1,727,404
78$1,882,931$1,369,066$1,241,962$1,838,348
79$2,038,525$1,399,685$1,247,102$1,959,147
80$2,208,841$1,430,656$1,251,266$2,090,782
81$2,395,344$1,461,959$1,254,385$2,234,333
82$2,599,648$1,493,574$1,256,386$2,390,991
83$2,823,531$1,525,478$1,257,194$2,562,066
84$3,068,949$1,557,645$1,256,728$2,749,005
85$3,338,059$1,590,046$1,254,905$2,953,400
86$3,633,234$1,622,652$1,251,638$3,177,007
87$3,957,090$1,655,428$1,246,834$3,421,760
88$4,312,508$1,688,338$1,240,397$3,689,793
89$4,702,659$1,721,342$1,232,225$3,983,454
90$5,131,039$1,754,397$1,222,214$4,305,334
91$5,601,499$1,787,456$1,210,252$4,658,286
92$6,118,279$1,820,468$1,196,222$5,045,458
93$6,686,051$1,853,379$1,180,004$5,470,316
94$7,309,963$1,886,129$1,161,469$5,936,681
95$7,995,685$1,918,655$1,140,483$6,448,765
96$8,749,464$1,950,888$1,116,909$7,011,210
97$9,578,182$1,982,755$1,090,598$7,629,131
98$10,489,422$2,014,175$1,061,398$8,308,167
99$11,491,538$2,045,065$1,029,150$9,054,532
100$12,593,734$2,075,332$993,686$9,875,075