Can I retire at age 73 with 1,250,000?

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 $1,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$103,224$102,304$101,407$100,532$99,677$98,390
2 years$51,101$50,149$49,227$48,333$47,465$46,171
3 years$33,729$32,773$31,853$30,967$30,114$28,852
4 years$25,045$24,092$23,181$22,310$21,477$20,258
5 years$19,835$18,888$17,989$17,136$16,327$15,153
6 years$16,364$15,424$14,538$13,704$12,919$11,792
7 years$13,885$12,953$12,081$11,267$10,506$9,427
8 years$12,027$11,103$10,246$9,451$8,716$7,684
9 years$10,582$9,667$8,825$8,051$7,340$6,355
10 years$9,427$8,521$7,694$6,940$6,254$5,316
11 years$8,483$7,586$6,773$6,040$5,379$4,486
12 years$7,696$6,809$6,011$5,298$4,661$3,812
13 years$7,031$6,153$5,371$4,677$4,065$3,259
14 years$6,462$5,593$4,825$4,152$3,563$2,800
15 years$5,969$5,109$4,357$3,703$3,137$2,415
16 years$5,538$4,688$3,950$3,315$2,773$2,090
17 years$5,158$4,317$3,594$2,979$2,458$1,814
18 years$4,821$3,989$3,281$2,684$2,186$1,578
19 years$4,519$3,697$3,004$2,426$1,948$1,376
20 years$4,248$3,436$2,757$2,197$1,740$1,201
21 years$4,004$3,200$2,536$1,994$1,557$1,051
22 years$3,781$2,987$2,337$1,813$1,396$920
23 years$3,579$2,794$2,158$1,651$1,253$807
24 years$3,393$2,618$1,996$1,506$1,126$709
25 years$3,223$2,457$1,848$1,375$1,014$623
26 years$3,066$2,309$1,714$1,257$913$547
27 years$2,921$2,173$1,592$1,151$823$482
28 years$2,786$2,047$1,480$1,054$743$424
29 years$2,661$1,931$1,377$967$671$373
30 years$2,544$1,824$1,283$887$606$329
31 years$2,436$1,724$1,196$815$548$290
32 years$2,334$1,632$1,116$749$496$256
33 years$2,239$1,545$1,042$689$448$226
34 years$2,149$1,464$973$634$406$199
35 years$2,065$1,389$910$583$368$176
36 years$1,985$1,318$851$537$333$155
37 years$1,910$1,252$797$495$302$137
38 years$1,840$1,190$746$456$274$121
39 years$1,772$1,132$699$421$248$107
40 years$1,709$1,077$655$388$225$94
41 years$1,649$1,025$614$358$204$83
42 years$1,591$976$576$330$185$74
43 years$1,537$930$541$305$168$65
44 years$1,485$886$508$282$153$58
45 years$1,436$845$477$260$139$51
46 years$1,389$806$448$240$126$45
47 years$1,344$770$421$222$114$40
48 years$1,301$735$395$205$104$35
49 years$1,260$702$372$190$94$31
50 years$1,220$670$349$175$86$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,250,000, adding $4,639 every year, while hoping to spend $53,580 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: 55/30/15 Blend
72$1,250,000$1,250,000$1,250,000$1,250,000
73$1,382,285$1,316,035$1,296,660$1,452,611
74$1,466,270$1,323,512$1,283,090$1,508,449
75$1,557,025$1,329,560$1,267,269$1,563,042
76$1,655,184$1,334,051$1,249,065$1,621,269
77$1,761,445$1,336,852$1,228,341$1,683,487
78$1,876,575$1,337,820$1,204,952$1,750,095
79$2,001,414$1,336,802$1,178,747$1,821,531
80$2,136,890$1,333,637$1,149,567$1,898,283
81$2,284,021$1,328,153$1,117,246$1,980,887
82$2,443,929$1,320,170$1,081,611$2,069,939
83$2,617,845$1,309,495$1,042,481$2,166,099
84$2,807,127$1,295,922$999,666$2,270,094
85$3,013,268$1,279,235$952,968$2,382,731
86$3,237,908$1,259,205$902,180$2,504,900
87$3,482,857$1,235,588$847,085$2,637,588
88$3,750,103$1,208,126$787,456$2,781,883
89$4,041,835$1,176,546$723,058$2,938,991
90$4,360,465$1,140,560$653,644$3,110,243
91$4,708,646$1,099,861$578,954$3,297,112
92$5,089,298$1,054,124$498,719$3,501,225
93$5,505,639$1,003,009$412,659$3,724,379
94$5,961,209$946,151$320,478$3,968,563
95$6,459,909$883,169$221,870$4,235,970
96$7,006,031$813,656$116,514$4,529,027
97$7,604,305$737,184$4,076$4,850,414
98$8,259,938$653,300$0$5,203,090
99$8,978,665$561,525$0$5,608,877
100$9,766,804$461,354$0$6,054,735