Can I retire at age 73 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$109,830$108,852$107,897$106,966$106,056$105,609
2 years$54,371$53,359$52,377$51,426$50,503$50,052
3 years$35,888$34,871$33,892$32,949$32,041$31,600
4 years$26,647$25,634$24,664$23,738$22,852$22,424
5 years$21,105$20,097$19,141$18,233$17,372$16,958
6 years$17,411$16,411$15,468$14,581$13,746$13,347
7 years$14,773$13,782$12,854$11,988$11,179$10,795
8 years$12,796$11,813$10,902$10,056$9,274$8,905
9 years$11,259$10,286$9,389$8,566$7,810$7,456
10 years$10,030$9,066$8,186$7,384$6,655$6,316
11 years$9,026$8,071$7,207$6,426$5,723$5,399
12 years$8,189$7,244$6,396$5,637$4,960$4,650
13 years$7,481$6,547$5,714$4,976$4,325$4,029
14 years$6,876$5,951$5,134$4,417$3,791$3,509
15 years$6,351$5,436$4,636$3,939$3,338$3,070
16 years$5,892$4,988$4,203$3,527$2,950$2,695
17 years$5,488$4,593$3,824$3,169$2,616$2,373
18 years$5,129$4,244$3,491$2,856$2,326$2,096
19 years$4,809$3,934$3,196$2,581$2,073$1,855
20 years$4,520$3,655$2,933$2,337$1,852$1,645
21 years$4,260$3,405$2,698$2,121$1,657$1,461
22 years$4,023$3,178$2,487$1,929$1,485$1,300
23 years$3,808$2,973$2,296$1,757$1,333$1,159
24 years$3,610$2,785$2,123$1,602$1,198$1,034
25 years$3,429$2,614$1,967$1,463$1,078$923
26 years$3,262$2,457$1,824$1,338$971$825
27 years$3,107$2,312$1,694$1,225$876$738
28 years$2,964$2,178$1,574$1,122$790$661
29 years$2,831$2,055$1,465$1,029$714$592
30 years$2,707$1,941$1,365$944$645$531
31 years$2,592$1,835$1,272$867$583$476
32 years$2,483$1,736$1,187$797$527$427
33 years$2,382$1,644$1,108$733$477$383
34 years$2,287$1,558$1,036$674$432$344
35 years$2,197$1,478$968$621$391$309
36 years$2,112$1,403$906$572$355$278
37 years$2,033$1,332$848$527$321$250
38 years$1,957$1,266$794$486$291$224
39 years$1,886$1,204$744$448$264$202
40 years$1,818$1,146$697$413$240$182
41 years$1,754$1,090$654$381$217$163
42 years$1,693$1,038$613$352$197$147
43 years$1,635$989$575$325$179$132
44 years$1,580$943$540$300$163$119
45 years$1,528$899$507$277$148$107
46 years$1,478$858$476$256$134$96
47 years$1,430$819$448$236$122$87
48 years$1,384$782$421$218$110$78
49 years$1,340$746$395$202$100$70
50 years$1,299$713$372$186$91$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,330,000, adding $3,208 every year, while hoping to spend $33,516 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: 48/43/9 Blend
72$1,330,000$1,330,000$1,330,000$1,330,000
73$1,468,969$1,398,479$1,377,864$1,535,758
74$1,583,143$1,431,344$1,388,362$1,614,799
75$1,707,840$1,464,696$1,398,088$1,696,789
76$1,844,097$1,498,523$1,406,981$1,785,034
77$1,993,056$1,532,812$1,414,977$1,880,126
78$2,155,977$1,567,549$1,422,008$1,982,717
79$2,334,245$1,602,717$1,428,002$2,093,527
80$2,529,383$1,638,296$1,432,886$2,213,346
81$2,743,073$1,674,265$1,436,581$2,343,047
82$2,977,163$1,710,601$1,439,003$2,483,588
83$3,233,692$1,747,278$1,440,067$2,636,029
84$3,514,900$1,784,267$1,439,682$2,801,535
85$3,823,261$1,821,536$1,437,752$2,981,389
86$4,161,494$1,859,052$1,434,177$3,177,006
87$4,532,597$1,896,777$1,428,853$3,389,945
88$4,939,872$1,934,668$1,421,669$3,621,923
89$5,386,954$1,972,683$1,412,511$3,874,834
90$5,877,851$2,010,771$1,401,257$4,150,763
91$6,416,973$2,048,881$1,387,780$4,452,008
92$7,009,183$2,086,955$1,371,950$4,781,104
93$7,659,835$2,124,931$1,353,626$5,140,842
94$8,374,829$2,162,743$1,332,663$5,534,299
95$9,160,664$2,200,319$1,308,909$5,964,867
96$10,024,499$2,237,582$1,282,204$6,436,283
97$10,974,222$2,274,449$1,252,383$6,952,666
98$12,018,525$2,310,829$1,219,270$7,518,559
99$13,166,983$2,346,628$1,182,684$8,138,964
100$14,430,144$2,381,741$1,142,432$8,819,398