Can I retire at age 73 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$99,921$99,031$98,162$97,315$96,487$95,719
2 years$49,466$48,544$47,652$46,786$45,946$45,172
3 years$32,650$31,724$30,834$29,976$29,150$28,393
4 years$24,243$23,321$22,439$21,596$20,790$20,057
5 years$19,201$18,284$17,414$16,588$15,804$15,097
6 years$15,840$14,930$14,073$13,265$12,505$11,825
7 years$13,441$12,538$11,695$10,906$10,170$9,517
8 years$11,642$10,748$9,918$9,149$8,437$7,811
9 years$10,243$9,358$8,542$7,793$7,105$6,506
10 years$9,125$8,248$7,447$6,718$6,054$5,481
11 years$8,211$7,343$6,557$5,846$5,207$4,660
12 years$7,450$6,591$5,819$5,128$4,512$3,990
13 years$6,806$5,956$5,199$4,527$3,935$3,438
14 years$6,255$5,414$4,671$4,019$3,449$2,977
15 years$5,778$4,946$4,217$3,584$3,037$2,588
16 years$5,361$4,538$3,824$3,209$2,684$2,258
17 years$4,993$4,179$3,479$2,883$2,380$1,977
18 years$4,667$3,862$3,176$2,599$2,116$1,734
19 years$4,375$3,579$2,908$2,348$1,886$1,525
20 years$4,112$3,326$2,668$2,127$1,685$1,344
21 years$3,875$3,098$2,455$1,930$1,508$1,186
22 years$3,660$2,892$2,262$1,755$1,351$1,048
23 years$3,464$2,704$2,089$1,598$1,213$928
24 years$3,285$2,534$1,932$1,458$1,090$822
25 years$3,120$2,378$1,789$1,331$981$729
26 years$2,968$2,235$1,659$1,217$884$647
27 years$2,827$2,103$1,541$1,114$797$575
28 years$2,697$1,982$1,432$1,021$719$511
29 years$2,576$1,870$1,333$936$649$454
30 years$2,463$1,766$1,242$859$587$404
31 years$2,358$1,669$1,158$789$530$360
32 years$2,259$1,579$1,080$725$480$321
33 years$2,167$1,496$1,008$667$434$286
34 years$2,080$1,418$942$613$393$255
35 years$1,999$1,345$881$565$356$227
36 years$1,922$1,276$824$520$323$202
37 years$1,849$1,212$771$479$292$181
38 years$1,781$1,152$722$442$265$161
39 years$1,716$1,095$677$407$240$144
40 years$1,654$1,042$634$376$218$128
41 years$1,596$992$595$347$198$115
42 years$1,541$945$558$320$179$102
43 years$1,488$900$524$295$163$91
44 years$1,438$858$491$273$148$81
45 years$1,390$818$461$252$134$73
46 years$1,344$781$433$233$122$65
47 years$1,301$745$407$215$111$58
48 years$1,259$711$383$199$100$52
49 years$1,219$679$360$183$91$46
50 years$1,181$649$338$170$83$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,210,000, adding $2,465 every year, while hoping to spend $25,294 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: 39/49/12 Blend
72$1,210,000$1,210,000$1,210,000$1,210,000
73$1,335,963$1,271,833$1,253,078$1,383,139
74$1,445,318$1,307,240$1,268,143$1,452,203
75$1,564,980$1,343,534$1,282,866$1,524,171
76$1,695,973$1,380,733$1,297,207$1,601,427
77$1,839,426$1,418,852$1,311,126$1,684,461
78$1,996,580$1,457,908$1,324,582$1,773,810
79$2,168,804$1,497,919$1,337,528$1,870,065
80$2,357,606$1,538,900$1,349,919$1,973,877
81$2,564,643$1,580,868$1,361,703$2,085,960
82$2,791,746$1,623,839$1,372,829$2,207,103
83$3,040,926$1,667,829$1,383,241$2,338,172
84$3,314,402$1,712,855$1,392,881$2,480,122
85$3,614,616$1,758,930$1,401,688$2,634,002
86$3,944,260$1,806,071$1,409,597$2,800,969
87$4,306,298$1,854,291$1,416,542$2,982,296
88$4,703,995$1,903,606$1,422,450$3,179,385
89$5,140,948$1,954,028$1,427,248$3,393,780
90$5,621,120$2,005,571$1,430,857$3,627,181
91$6,148,878$2,058,248$1,433,194$3,881,461
92$6,729,030$2,112,069$1,434,173$4,158,683
93$7,366,877$2,167,046$1,433,703$4,461,117
94$8,068,256$2,223,188$1,431,690$4,791,268
95$8,839,599$2,280,506$1,428,032$5,151,890
96$9,687,993$2,339,005$1,422,626$5,546,022
97$10,621,246$2,398,694$1,415,362$5,977,009
98$11,647,961$2,459,578$1,406,124$6,448,537
99$12,777,616$2,521,660$1,394,793$6,964,667
100$14,020,655$2,584,944$1,381,241$7,529,873