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

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$99,921$99,031$98,162$97,315$96,487$94,967
2 years$49,466$48,544$47,652$46,786$45,946$44,419
3 years$32,650$31,724$30,834$29,976$29,150$27,663
4 years$24,243$23,321$22,439$21,596$20,790$19,354
5 years$19,201$18,284$17,414$16,588$15,804$14,424
6 years$15,840$14,930$14,073$13,265$12,505$11,182
7 years$13,441$12,538$11,695$10,906$10,170$8,905
8 years$11,642$10,748$9,918$9,149$8,437$7,229
9 years$10,243$9,358$8,542$7,793$7,105$5,954
10 years$9,125$8,248$7,447$6,718$6,054$4,959
11 years$8,211$7,343$6,557$5,846$5,207$4,167
12 years$7,450$6,591$5,819$5,128$4,512$3,525
13 years$6,806$5,956$5,199$4,527$3,935$3,000
14 years$6,255$5,414$4,671$4,019$3,449$2,565
15 years$5,778$4,946$4,217$3,584$3,037$2,202
16 years$5,361$4,538$3,824$3,209$2,684$1,896
17 years$4,993$4,179$3,479$2,883$2,380$1,637
18 years$4,667$3,862$3,176$2,599$2,116$1,417
19 years$4,375$3,579$2,908$2,348$1,886$1,229
20 years$4,112$3,326$2,668$2,127$1,685$1,068
21 years$3,875$3,098$2,455$1,930$1,508$929
22 years$3,660$2,892$2,262$1,755$1,351$810
23 years$3,464$2,704$2,089$1,598$1,213$706
24 years$3,285$2,534$1,932$1,458$1,090$617
25 years$3,120$2,378$1,789$1,331$981$539
26 years$2,968$2,235$1,659$1,217$884$471
27 years$2,827$2,103$1,541$1,114$797$412
28 years$2,697$1,982$1,432$1,021$719$361
29 years$2,576$1,870$1,333$936$649$316
30 years$2,463$1,766$1,242$859$587$277
31 years$2,358$1,669$1,158$789$530$243
32 years$2,259$1,579$1,080$725$480$213
33 years$2,167$1,496$1,008$667$434$187
34 years$2,080$1,418$942$613$393$164
35 years$1,999$1,345$881$565$356$144
36 years$1,922$1,276$824$520$323$126
37 years$1,849$1,212$771$479$292$111
38 years$1,781$1,152$722$442$265$97
39 years$1,716$1,095$677$407$240$85
40 years$1,654$1,042$634$376$218$75
41 years$1,596$992$595$347$198$66
42 years$1,541$945$558$320$179$58
43 years$1,488$900$524$295$163$51
44 years$1,438$858$491$273$148$45
45 years$1,390$818$461$252$134$39
46 years$1,344$781$433$233$122$34
47 years$1,301$745$407$215$111$30
48 years$1,259$711$383$199$100$27
49 years$1,219$679$360$183$91$23
50 years$1,181$649$338$170$83$20

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 $4,099 every year, while hoping to spend $25,791 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: 36/35/29 Blend
72$1,210,000$1,210,000$1,210,000$1,210,000
73$1,337,648$1,273,518$1,254,763$1,374,046
74$1,446,647$1,308,479$1,269,356$1,436,512
75$1,565,899$1,344,289$1,283,574$1,501,285
76$1,696,423$1,380,961$1,297,376$1,570,725
77$1,839,341$1,418,511$1,310,721$1,645,268
78$1,995,888$1,456,953$1,323,564$1,725,396
79$2,167,424$1,496,299$1,335,859$1,811,641
80$2,355,448$1,536,564$1,347,557$1,904,587
81$2,561,608$1,577,760$1,358,605$2,004,878
82$2,787,723$1,619,901$1,368,949$2,113,223
83$3,035,794$1,663,000$1,378,532$2,230,404
84$3,308,026$1,707,067$1,387,293$2,357,281
85$3,606,846$1,752,115$1,395,169$2,494,804
86$3,934,930$1,798,154$1,402,093$2,644,018
87$4,295,225$1,845,196$1,407,995$2,806,074
88$4,690,976$1,893,248$1,412,801$2,982,241
89$5,125,759$1,942,321$1,416,433$3,173,919
90$5,603,513$1,992,422$1,418,811$3,382,649
91$6,128,579$2,043,558$1,419,849$3,610,129
92$6,705,737$2,095,736$1,419,457$3,858,231
93$7,340,255$2,148,959$1,417,541$4,129,020
94$8,037,935$2,203,232$1,414,002$4,424,768
95$8,805,171$2,258,557$1,408,738$4,747,983
96$9,649,007$2,314,935$1,401,640$5,101,427
97$10,577,204$2,372,365$1,392,593$5,488,144
98$11,598,313$2,430,846$1,381,480$5,911,491
99$12,721,756$2,490,372$1,368,174$6,375,166
100$13,957,913$2,550,938$1,352,546$6,883,247