Can I retire at age 73 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$99,095$98,212$97,351$96,510$95,690$94,690
2 years$49,057$48,143$47,258$46,399$45,567$44,560
3 years$32,380$31,462$30,579$29,728$28,909$27,927
4 years$24,043$23,128$22,254$21,418$20,618$19,668
5 years$19,042$18,133$17,270$16,451$15,674$14,758
6 years$15,709$14,807$13,956$13,156$12,402$11,522
7 years$13,329$12,435$11,598$10,816$10,086$9,242
8 years$11,546$10,659$9,836$9,073$8,367$7,559
9 years$10,159$9,280$8,472$7,729$7,047$6,274
10 years$9,050$8,180$7,386$6,662$6,004$5,267
11 years$8,143$7,282$6,502$5,798$5,164$4,461
12 years$7,388$6,536$5,771$5,086$4,475$3,806
13 years$6,750$5,907$5,156$4,490$3,902$3,266
14 years$6,204$5,369$4,632$3,986$3,421$2,817
15 years$5,730$4,905$4,182$3,554$3,012$2,440
16 years$5,316$4,500$3,792$3,183$2,662$2,120
17 years$4,952$4,144$3,451$2,860$2,360$1,848
18 years$4,628$3,830$3,150$2,577$2,098$1,614
19 years$4,339$3,549$2,884$2,329$1,870$1,414
20 years$4,078$3,298$2,646$2,109$1,671$1,240
21 years$3,843$3,072$2,434$1,914$1,495$1,090
22 years$3,630$2,868$2,244$1,740$1,340$959
23 years$3,435$2,682$2,071$1,585$1,203$845
24 years$3,257$2,513$1,916$1,446$1,081$745
25 years$3,094$2,358$1,774$1,320$973$657
26 years$2,943$2,216$1,646$1,207$876$581
27 years$2,804$2,086$1,528$1,105$790$514
28 years$2,675$1,966$1,421$1,012$713$454
29 years$2,555$1,854$1,322$928$644$402
30 years$2,443$1,751$1,231$852$582$356
31 years$2,338$1,655$1,148$782$526$315
32 years$2,241$1,566$1,071$719$476$280
33 years$2,149$1,483$1,000$661$431$248
34 years$2,063$1,406$934$608$390$220
35 years$1,982$1,333$874$560$353$195
36 years$1,906$1,266$817$516$320$173
37 years$1,834$1,202$765$475$290$154
38 years$1,766$1,142$716$438$263$136
39 years$1,702$1,086$671$404$238$121
40 years$1,641$1,034$629$373$216$107
41 years$1,583$984$590$344$196$95
42 years$1,528$937$553$317$178$85
43 years$1,476$893$519$293$162$75
44 years$1,426$851$487$270$147$67
45 years$1,378$811$458$250$133$59
46 years$1,333$774$430$231$121$53
47 years$1,290$739$404$213$110$47
48 years$1,249$705$379$197$100$42
49 years$1,209$673$357$182$91$37
50 years$1,172$643$335$168$82$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,200,000, adding $4,536 every year, while hoping to spend $31,368 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: 53/36/11 Blend
72$1,200,000$1,200,000$1,200,000$1,200,000
73$1,327,079$1,263,479$1,244,879$1,393,405
74$1,429,066$1,292,014$1,253,207$1,467,563
75$1,540,404$1,320,896$1,260,763$1,544,436
76$1,662,014$1,350,109$1,267,487$1,627,342
77$1,794,910$1,379,635$1,273,318$1,716,859
78$1,940,207$1,409,453$1,278,191$1,813,623
79$2,099,134$1,439,543$1,282,037$1,918,336
80$2,273,045$1,469,879$1,284,784$2,031,771
81$2,463,427$1,500,435$1,286,356$2,154,779
82$2,671,923$1,531,183$1,286,675$2,288,299
83$2,900,338$1,562,089$1,285,658$2,433,365
84$3,150,661$1,593,121$1,283,216$2,591,115
85$3,425,084$1,624,239$1,279,259$2,762,804
86$3,726,019$1,655,403$1,273,691$2,949,815
87$4,056,124$1,686,569$1,266,411$3,153,673
88$4,418,327$1,717,689$1,257,313$3,376,057
89$4,815,851$1,748,710$1,246,288$3,618,819
90$5,252,248$1,779,578$1,233,219$3,883,999
91$5,731,432$1,810,231$1,217,986$4,173,845
92$6,257,710$1,840,605$1,200,461$4,490,836
93$6,835,832$1,870,630$1,180,512$4,837,703
94$7,471,027$1,900,231$1,158,000$5,217,457
95$8,169,057$1,929,328$1,132,778$5,633,417
96$8,936,270$1,957,834$1,104,695$6,089,239
97$9,779,659$1,985,657$1,073,591$6,588,957
98$10,706,927$2,012,697$1,039,300$7,137,012
99$11,726,564$2,038,850$1,001,647$7,738,304
100$12,847,922$2,064,001$960,450$8,398,230