Can I retire at age 73 with 1,290,000?

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$106,527$105,578$104,652$103,749$102,866$98,863
2 years$52,736$51,754$50,802$49,879$48,984$44,999
3 years$34,808$33,822$32,872$31,958$31,077$27,236
4 years$25,846$24,863$23,923$23,024$22,165$18,497
5 years$20,470$19,493$18,565$17,685$16,849$13,364
6 years$16,887$15,917$15,003$14,143$13,332$10,032
7 years$14,329$13,367$12,468$11,627$10,843$7,726
8 years$12,411$11,458$10,574$9,754$8,995$6,059
9 years$10,921$9,976$9,107$8,308$7,575$4,815
10 years$9,729$8,794$7,940$7,162$6,454$3,865
11 years$8,754$7,829$6,990$6,233$5,551$3,127
12 years$7,943$7,026$6,203$5,467$4,810$2,545
13 years$7,256$6,350$5,542$4,827$4,195$2,081
14 years$6,669$5,772$4,980$4,284$3,677$1,709
15 years$6,160$5,273$4,496$3,821$3,238$1,407
16 years$5,715$4,838$4,076$3,421$2,861$1,162
17 years$5,323$4,455$3,709$3,074$2,537$961
18 years$4,975$4,117$3,386$2,770$2,256$797
19 years$4,664$3,815$3,100$2,503$2,011$661
20 years$4,384$3,545$2,845$2,267$1,796$549
21 years$4,132$3,302$2,617$2,058$1,607$457
22 years$3,902$3,083$2,412$1,871$1,441$380
23 years$3,693$2,883$2,227$1,704$1,293$316
24 years$3,502$2,701$2,059$1,554$1,162$264
25 years$3,326$2,535$1,907$1,419$1,046$220
26 years$3,164$2,383$1,769$1,298$942$183
27 years$3,014$2,242$1,643$1,188$849$153
28 years$2,875$2,113$1,527$1,088$766$128
29 years$2,746$1,993$1,421$998$692$106
30 years$2,626$1,882$1,324$916$625$89
31 years$2,514$1,780$1,234$841$565$74
32 years$2,409$1,684$1,151$773$511$62
33 years$2,310$1,595$1,075$711$463$52
34 years$2,218$1,511$1,004$654$419$43
35 years$2,131$1,433$939$602$380$36
36 years$2,049$1,361$879$555$344$30
37 years$1,971$1,292$822$511$312$25
38 years$1,898$1,228$770$471$283$21
39 years$1,829$1,168$721$434$256$18
40 years$1,764$1,111$676$400$232$15
41 years$1,701$1,058$634$370$211$12
42 years$1,642$1,007$595$341$191$10
43 years$1,586$960$558$315$174$9
44 years$1,533$915$524$291$158$7
45 years$1,482$872$492$268$143$6
46 years$1,433$832$462$248$130$5
47 years$1,387$794$434$229$118$4
48 years$1,342$758$408$212$107$3
49 years$1,300$724$383$196$97$3
50 years$1,259$692$360$181$88$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,290,000, adding $4,733 every year, while hoping to spend $36,032 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: 52/23/25 Blend
72$1,290,000$1,290,000$1,290,000$1,290,000
73$1,426,462$1,358,092$1,338,097$1,490,463
74$1,533,623$1,386,301$1,344,586$1,563,494
75$1,650,508$1,414,684$1,350,084$1,638,830
76$1,778,068$1,443,213$1,354,520$1,720,047
77$1,917,355$1,471,854$1,357,821$1,807,721
78$2,069,524$1,500,573$1,359,907$1,902,484
79$2,235,847$1,529,333$1,360,695$2,005,035
80$2,417,725$1,558,092$1,360,099$2,116,146
81$2,616,699$1,586,805$1,358,029$2,236,665
82$2,834,469$1,615,424$1,354,389$2,367,529
83$3,072,903$1,643,898$1,349,080$2,509,772
84$3,334,061$1,672,171$1,341,996$2,664,533
85$3,620,210$1,700,183$1,333,028$2,833,069
86$3,933,849$1,727,869$1,322,061$3,016,766
87$4,277,726$1,755,159$1,308,975$3,217,152
88$4,654,871$1,781,979$1,293,643$3,435,912
89$5,068,620$1,808,248$1,275,932$3,674,905
90$5,522,649$1,833,882$1,255,706$3,936,180
91$6,021,006$1,858,789$1,232,818$4,221,998
92$6,568,149$1,882,870$1,207,118$4,534,851
93$7,168,990$1,906,020$1,178,446$4,877,488
94$7,828,940$1,928,128$1,146,637$5,252,939
95$8,553,959$1,949,074$1,111,517$5,664,546
96$9,350,614$1,968,729$1,072,904$6,115,995
97$10,226,138$1,986,959$1,030,608$6,611,350
98$11,188,501$2,003,617$984,430$7,155,089
99$12,246,483$2,018,549$934,164$7,752,155
100$13,409,758$2,031,591$879,591$8,407,995