Can I retire at age 73 with 1,350,000?

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$111,482$110,489$109,520$108,574$107,651$107,107
2 years$55,189$54,161$53,165$52,199$51,262$50,714
3 years$36,427$35,395$34,401$33,445$32,523$31,986
4 years$27,048$26,019$25,035$24,095$23,196$22,675
5 years$21,422$20,399$19,428$18,507$17,633$17,130
6 years$17,673$16,657$15,701$14,800$13,952$13,468
7 years$14,996$13,989$13,048$12,168$11,347$10,881
8 years$12,989$11,991$11,065$10,208$9,413$8,966
9 years$11,429$10,440$9,531$8,695$7,927$7,498
10 years$10,181$9,203$8,309$7,495$6,755$6,344
11 years$9,161$8,193$7,315$6,523$5,809$5,416
12 years$8,312$7,353$6,492$5,721$5,034$4,659
13 years$7,594$6,645$5,800$5,051$4,390$4,032
14 years$6,979$6,040$5,211$4,484$3,848$3,507
15 years$6,446$5,518$4,705$3,999$3,388$3,064
16 years$5,981$5,063$4,266$3,580$2,994$2,686
17 years$5,571$4,662$3,882$3,217$2,655$2,362
18 years$5,206$4,308$3,544$2,899$2,361$2,083
19 years$4,881$3,993$3,244$2,620$2,104$1,841
20 years$4,588$3,710$2,977$2,373$1,880$1,630
21 years$4,324$3,456$2,738$2,153$1,682$1,446
22 years$4,084$3,226$2,524$1,958$1,508$1,285
23 years$3,865$3,017$2,330$1,783$1,353$1,143
24 years$3,665$2,827$2,155$1,626$1,216$1,018
25 years$3,481$2,653$1,996$1,485$1,095$908
26 years$3,311$2,493$1,851$1,358$986$810
27 years$3,154$2,347$1,719$1,243$889$724
28 years$3,009$2,211$1,598$1,139$802$647
29 years$2,874$2,086$1,487$1,044$724$579
30 years$2,748$1,970$1,385$958$654$518
31 years$2,631$1,862$1,291$880$592$464
32 years$2,521$1,762$1,205$809$535$415
33 years$2,418$1,669$1,125$744$484$372
34 years$2,321$1,582$1,051$684$439$334
35 years$2,230$1,500$983$630$397$299
36 years$2,144$1,424$919$580$360$268
37 years$2,063$1,352$861$535$326$241
38 years$1,987$1,285$806$493$296$216
39 years$1,914$1,222$755$454$268$194
40 years$1,846$1,163$708$419$243$174
41 years$1,781$1,107$664$387$221$156
42 years$1,719$1,054$622$357$200$141
43 years$1,660$1,004$584$329$182$126
44 years$1,604$957$548$304$165$113
45 years$1,551$913$515$281$150$102
46 years$1,500$871$484$259$136$92
47 years$1,451$831$454$240$123$82
48 years$1,405$793$427$222$112$74
49 years$1,361$758$401$205$102$66
50 years$1,318$724$377$189$92$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,350,000, adding $4,893 every year, while hoping to spend $37,667 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: 31/42/27 Blend
72$1,350,000$1,350,000$1,350,000$1,350,000
73$1,492,747$1,421,197$1,400,272$1,526,533
74$1,604,930$1,450,758$1,407,104$1,582,551
75$1,727,293$1,480,506$1,412,902$1,639,154
76$1,860,835$1,510,408$1,417,592$1,699,338
77$2,006,655$1,540,433$1,421,096$1,763,441
78$2,165,963$1,570,544$1,423,332$1,831,839
79$2,340,091$1,600,700$1,424,214$1,904,944
80$2,530,506$1,630,860$1,423,651$1,983,215
81$2,738,823$1,660,978$1,421,548$2,067,156
82$2,966,819$1,691,002$1,417,807$2,157,324
83$3,216,454$1,720,880$1,412,322$2,254,337
84$3,489,882$1,750,553$1,404,985$2,358,873
85$3,789,478$1,779,958$1,395,680$2,471,686
86$4,117,857$1,809,029$1,384,288$2,593,604
87$4,477,900$1,837,692$1,370,682$2,725,546
88$4,872,777$1,865,871$1,354,732$2,868,524
89$5,305,983$1,893,481$1,336,298$3,023,656
90$5,781,366$1,920,435$1,315,237$3,192,177
91$6,303,164$1,946,635$1,291,396$3,375,452
92$6,876,047$1,971,980$1,264,618$3,574,985
93$7,505,158$1,996,361$1,234,736$3,792,440
94$8,196,162$2,019,661$1,201,578$4,029,653
95$8,955,301$2,041,755$1,164,962$4,288,651
96$9,789,451$2,062,510$1,124,697$4,571,670
97$10,706,186$2,081,784$1,080,586$4,881,181
98$11,713,853$2,099,427$1,032,421$5,219,911
99$12,821,643$2,115,277$979,985$5,590,868
100$14,039,687$2,129,162$923,051$5,997,374