Can I retire at age 73 with 1,340,000?

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$110,656$109,670$108,709$107,770$106,853$105,344
2 years$54,780$53,760$52,771$51,813$50,883$49,364
3 years$36,157$35,133$34,146$33,197$32,282$30,803
4 years$26,848$25,826$24,850$23,916$23,024$21,595
5 years$21,263$20,248$19,285$18,370$17,502$16,128
6 years$17,542$16,534$15,585$14,691$13,849$12,530
7 years$14,885$13,885$12,951$12,078$11,263$10,001
8 years$12,893$11,902$10,983$10,132$9,344$8,138
9 years$11,344$10,363$9,460$8,630$7,869$6,718
10 years$10,106$9,135$8,248$7,439$6,705$5,609
11 years$9,093$8,132$7,261$6,474$5,766$4,724
12 years$8,250$7,299$6,444$5,679$4,997$4,008
13 years$7,538$6,596$5,757$5,014$4,357$3,419
14 years$6,927$5,996$5,173$4,451$3,820$2,931
15 years$6,399$5,477$4,670$3,969$3,363$2,523
16 years$5,937$5,025$4,234$3,554$2,972$2,179
17 years$5,529$4,628$3,853$3,193$2,635$1,887
18 years$5,168$4,276$3,517$2,878$2,343$1,638
19 years$4,845$3,963$3,220$2,600$2,089$1,425
20 years$4,554$3,683$2,955$2,355$1,866$1,242
21 years$4,292$3,430$2,718$2,137$1,670$1,084
22 years$4,053$3,202$2,505$1,943$1,496$947
23 years$3,836$2,995$2,313$1,770$1,343$829
24 years$3,637$2,806$2,139$1,614$1,207$726
25 years$3,455$2,633$1,981$1,474$1,086$636
26 years$3,286$2,475$1,838$1,348$979$558
27 years$3,131$2,329$1,706$1,234$882$490
28 years$2,987$2,195$1,586$1,130$796$430
29 years$2,853$2,071$1,476$1,037$719$378
30 years$2,728$1,955$1,375$951$650$332
31 years$2,611$1,849$1,282$874$587$292
32 years$2,502$1,749$1,196$803$531$257
33 years$2,400$1,656$1,117$738$481$226
34 years$2,304$1,570$1,043$679$435$199
35 years$2,213$1,489$976$625$394$175
36 years$2,128$1,413$913$576$357$154
37 years$2,048$1,342$854$531$324$136
38 years$1,972$1,276$800$489$294$120
39 years$1,900$1,213$749$451$266$105
40 years$1,832$1,154$702$416$241$93
41 years$1,767$1,099$659$384$219$82
42 years$1,706$1,046$618$354$199$72
43 years$1,648$997$580$327$180$64
44 years$1,592$950$544$302$164$56
45 years$1,539$906$511$279$149$49
46 years$1,489$864$480$258$135$44
47 years$1,441$825$451$238$123$38
48 years$1,394$788$424$220$111$34
49 years$1,350$752$398$203$101$30
50 years$1,308$718$374$188$92$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,340,000, adding $3,950 every year, while hoping to spend $37,474 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: 39/38/23 Blend
72$1,340,000$1,340,000$1,340,000$1,340,000
73$1,480,754$1,409,734$1,388,964$1,528,241
74$1,591,919$1,438,939$1,395,623$1,592,147
75$1,713,167$1,468,319$1,401,248$1,657,389
76$1,845,487$1,497,843$1,405,766$1,727,186
77$1,989,966$1,527,478$1,409,100$1,801,974
78$2,147,805$1,557,186$1,411,166$1,882,234
79$2,320,320$1,586,928$1,411,880$1,968,497
80$2,508,966$1,616,661$1,411,151$2,061,349
81$2,715,341$1,646,337$1,408,885$2,161,436
82$2,941,206$1,675,908$1,404,982$2,269,471
83$3,188,499$1,705,317$1,399,340$2,386,241
84$3,459,356$1,734,508$1,391,847$2,512,615
85$3,756,127$1,763,416$1,382,391$2,649,550
86$4,081,403$1,791,974$1,370,852$2,798,104
87$4,438,034$1,820,109$1,357,104$2,959,445
88$4,829,162$1,847,743$1,341,015$3,134,859
89$5,258,246$1,874,792$1,322,449$3,325,768
90$5,729,097$1,901,166$1,301,261$3,533,740
91$6,245,912$1,926,770$1,277,300$3,760,503
92$6,813,314$1,951,501$1,250,409$4,007,968
93$7,436,396$1,975,248$1,220,421$4,278,239
94$8,120,768$1,997,896$1,187,165$4,573,641
95$8,872,611$2,019,317$1,150,460$4,896,736
96$9,698,733$2,039,379$1,110,116$5,250,353
97$10,606,635$2,057,939$1,065,935$5,637,612
98$11,604,579$2,074,846$1,017,712$6,061,954
99$12,701,669$2,089,937$965,229$6,527,177
100$13,907,936$2,103,040$908,260$7,037,468