Can I retire at age 73 with 1,310,000?

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 $1,310,000?

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$108,179$107,215$106,275$105,357$104,461$103,284
2 years$53,554$52,556$51,590$50,653$49,743$48,559
3 years$35,348$34,346$33,382$32,454$31,559$30,403
4 years$26,247$25,248$24,294$23,381$22,508$21,390
5 years$20,787$19,795$18,853$17,959$17,110$16,033
6 years$17,149$16,164$15,236$14,362$13,539$12,504
7 years$14,551$13,574$12,661$11,808$11,011$10,019
8 years$12,604$11,636$10,738$9,905$9,135$8,185
9 years$11,090$10,131$9,248$8,437$7,693$6,786
10 years$9,880$8,930$8,063$7,273$6,554$5,689
11 years$8,890$7,950$7,098$6,329$5,637$4,813
12 years$8,066$7,135$6,300$5,552$4,885$4,101
13 years$7,369$6,448$5,628$4,901$4,260$3,515
14 years$6,772$5,861$5,057$4,351$3,734$3,028
15 years$6,255$5,354$4,566$3,880$3,288$2,618
16 years$5,804$4,913$4,140$3,474$2,906$2,272
17 years$5,406$4,524$3,767$3,122$2,576$1,977
18 years$5,052$4,181$3,439$2,813$2,291$1,725
19 years$4,736$3,875$3,148$2,542$2,042$1,509
20 years$4,452$3,600$2,889$2,302$1,824$1,321
21 years$4,196$3,354$2,657$2,089$1,632$1,159
22 years$3,963$3,131$2,449$1,900$1,463$1,019
23 years$3,750$2,928$2,261$1,730$1,313$896
24 years$3,556$2,743$2,091$1,578$1,180$789
25 years$3,377$2,574$1,937$1,441$1,062$695
26 years$3,213$2,420$1,797$1,318$957$613
27 years$3,061$2,277$1,668$1,206$863$541
28 years$2,920$2,146$1,551$1,105$778$478
29 years$2,789$2,024$1,443$1,013$703$422
30 years$2,667$1,912$1,344$930$635$374
31 years$2,553$1,807$1,253$854$574$330
32 years$2,446$1,710$1,169$785$519$292
33 years$2,346$1,619$1,092$722$470$259
34 years$2,252$1,535$1,020$664$426$229
35 years$2,164$1,456$954$611$385$203
36 years$2,081$1,382$892$563$349$180
37 years$2,002$1,312$835$519$317$159
38 years$1,928$1,247$782$478$287$141
39 years$1,858$1,186$733$441$260$125
40 years$1,791$1,128$687$407$236$111
41 years$1,728$1,074$644$375$214$98
42 years$1,668$1,023$604$346$194$87
43 years$1,611$975$567$320$176$77
44 years$1,556$929$532$295$160$68
45 years$1,505$886$500$273$145$61
46 years$1,455$845$469$252$132$54
47 years$1,408$806$441$233$120$48
48 years$1,363$770$414$215$109$42
49 years$1,320$735$389$199$99$38
50 years$1,279$702$366$184$90$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,310,000, adding $3,405 every year, while hoping to spend $41,643 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: 34/40/26 Blend
72$1,310,000$1,310,000$1,310,000$1,310,000
73$1,447,132$1,377,702$1,357,397$1,484,820
74$1,550,432$1,400,902$1,358,562$1,536,584
75$1,662,872$1,423,843$1,358,371$1,588,376
76$1,785,342$1,446,468$1,356,733$1,643,407
77$1,918,819$1,468,716$1,353,555$1,701,993
78$2,064,379$1,490,523$1,348,739$1,764,484
79$2,223,205$1,511,819$1,342,182$1,831,267
80$2,396,602$1,532,528$1,333,775$1,902,768
81$2,586,005$1,552,571$1,323,406$1,979,463
82$2,792,992$1,571,862$1,310,955$2,061,875
83$3,019,303$1,590,310$1,296,298$2,150,584
84$3,266,853$1,607,816$1,279,305$2,246,232
85$3,537,750$1,624,277$1,259,840$2,349,528
86$3,834,316$1,639,581$1,237,759$2,461,257
87$4,159,106$1,653,610$1,212,914$2,582,287
88$4,514,935$1,666,238$1,185,147$2,713,579
89$4,904,905$1,677,330$1,154,296$2,856,193
90$5,332,430$1,686,743$1,120,189$3,011,302
91$5,801,269$1,694,325$1,082,647$3,180,205
92$6,315,565$1,699,914$1,041,483$3,364,334
93$6,879,881$1,703,338$996,500$3,565,275
94$7,499,240$1,704,413$947,494$3,784,778
95$8,179,179$1,702,946$894,252$4,024,779
96$8,925,795$1,698,730$836,549$4,287,415
97$9,745,805$1,691,546$774,152$4,575,049
98$10,646,607$1,681,162$706,816$4,890,290
99$11,636,353$1,667,331$634,286$5,236,020
100$12,724,022$1,649,791$556,296$5,615,422