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%12.7%
1 years$103,224$102,304$101,407$100,532$99,677$98,554
2 years$51,101$50,149$49,227$48,333$47,465$46,335
3 years$33,729$32,773$31,853$30,967$30,114$29,011
4 years$25,045$24,092$23,181$22,310$21,477$20,411
5 years$19,835$18,888$17,989$17,136$16,327$15,299
6 years$16,364$15,424$14,538$13,704$12,919$11,932
7 years$13,885$12,953$12,081$11,267$10,506$9,560
8 years$12,027$11,103$10,246$9,451$8,716$7,810
9 years$10,582$9,667$8,825$8,051$7,340$6,475
10 years$9,427$8,521$7,694$6,940$6,254$5,429
11 years$8,483$7,586$6,773$6,040$5,379$4,593
12 years$7,696$6,809$6,011$5,298$4,661$3,913
13 years$7,031$6,153$5,371$4,677$4,065$3,354
14 years$6,462$5,593$4,825$4,152$3,563$2,889
15 years$5,969$5,109$4,357$3,703$3,137$2,498
16 years$5,538$4,688$3,950$3,315$2,773$2,168
17 years$5,158$4,317$3,594$2,979$2,458$1,887
18 years$4,821$3,989$3,281$2,684$2,186$1,646
19 years$4,519$3,697$3,004$2,426$1,948$1,439
20 years$4,248$3,436$2,757$2,197$1,740$1,261
21 years$4,004$3,200$2,536$1,994$1,557$1,106
22 years$3,781$2,987$2,337$1,813$1,396$972
23 years$3,579$2,794$2,158$1,651$1,253$855
24 years$3,393$2,618$1,996$1,506$1,126$753
25 years$3,223$2,457$1,848$1,375$1,014$663
26 years$3,066$2,309$1,714$1,257$913$585
27 years$2,921$2,173$1,592$1,151$823$517
28 years$2,786$2,047$1,480$1,054$743$456
29 years$2,661$1,931$1,377$967$671$403
30 years$2,544$1,824$1,283$887$606$356
31 years$2,436$1,724$1,196$815$548$315
32 years$2,334$1,632$1,116$749$496$279
33 years$2,239$1,545$1,042$689$448$247
34 years$2,149$1,464$973$634$406$219
35 years$2,065$1,389$910$583$368$194
36 years$1,985$1,318$851$537$333$171
37 years$1,910$1,252$797$495$302$152
38 years$1,840$1,190$746$456$274$135
39 years$1,772$1,132$699$421$248$119
40 years$1,709$1,077$655$388$225$106
41 years$1,649$1,025$614$358$204$94
42 years$1,591$976$576$330$185$83
43 years$1,537$930$541$305$168$74
44 years$1,485$886$508$282$153$65
45 years$1,436$845$477$260$139$58
46 years$1,389$806$448$240$126$51
47 years$1,344$770$421$222$114$46
48 years$1,301$735$395$205$104$40
49 years$1,260$702$372$190$94$36
50 years$1,220$670$349$175$86$32

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 $5,442 every year, while hoping to spend $41,671 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: 60/32/8 Blend
72$1,250,000$1,250,000$1,250,000$1,250,000
73$1,383,113$1,316,863$1,297,488$1,463,389
74$1,479,853$1,337,052$1,296,617$1,538,032
75$1,585,064$1,356,833$1,294,319$1,614,159
76$1,699,566$1,376,143$1,290,504$1,696,149
77$1,824,261$1,394,913$1,285,075$1,784,567
78$1,960,142$1,413,071$1,277,931$1,880,038
79$2,108,301$1,430,536$1,268,967$1,983,248
80$2,269,942$1,447,227$1,258,072$2,094,957
81$2,446,388$1,463,053$1,245,129$2,216,000
82$2,639,097$1,477,919$1,230,018$2,347,297
83$2,849,671$1,491,724$1,212,610$2,489,866
84$3,079,878$1,504,359$1,192,773$2,644,827
85$3,331,662$1,515,709$1,170,367$2,813,415
86$3,607,163$1,525,650$1,145,246$2,996,993
87$3,908,739$1,534,052$1,117,257$3,197,062
88$4,238,985$1,540,775$1,086,240$3,415,280
89$4,600,760$1,545,672$1,052,028$3,653,473
90$4,997,213$1,548,585$1,014,446$3,913,655
91$5,431,810$1,549,347$973,311$4,198,047
92$5,908,369$1,547,780$928,431$4,509,100
93$6,431,097$1,543,695$879,608$4,849,514
94$7,004,625$1,536,893$826,631$5,222,267
95$7,634,056$1,527,160$769,283$5,630,645
96$8,325,011$1,514,271$707,334$6,078,269
97$9,083,679$1,497,988$640,548$6,569,133
98$9,916,882$1,478,057$568,673$7,107,640
99$10,832,131$1,454,209$491,451$7,698,646
100$11,837,703$1,426,160$408,609$8,347,507