Can I retire at age 73 with 1,360,000?

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$112,308$111,307$110,331$109,379$108,448$107,182
2 years$55,598$54,562$53,559$52,586$51,642$50,367
3 years$36,697$35,657$34,656$33,692$32,764$31,521
4 years$27,248$26,212$25,221$24,273$23,367$22,165
5 years$21,581$20,550$19,572$18,644$17,764$16,606
6 years$17,804$16,781$15,817$14,910$14,056$12,943
7 years$15,107$14,093$13,144$12,258$11,431$10,365
8 years$13,085$12,080$11,147$10,283$9,483$8,463
9 years$11,513$10,518$9,601$8,759$7,986$7,012
10 years$10,257$9,271$8,371$7,550$6,805$5,876
11 years$9,229$8,253$7,369$6,571$5,852$4,967
12 years$8,374$7,408$6,540$5,764$5,071$4,230
13 years$7,650$6,694$5,843$5,088$4,422$3,623
14 years$7,031$6,085$5,250$4,517$3,877$3,119
15 years$6,494$5,559$4,740$4,028$3,413$2,695
16 years$6,025$5,100$4,298$3,607$3,017$2,337
17 years$5,612$4,697$3,911$3,241$2,675$2,033
18 years$5,245$4,340$3,570$2,921$2,378$1,772
19 years$4,917$4,022$3,268$2,639$2,120$1,548
20 years$4,622$3,738$2,999$2,390$1,893$1,355
21 years$4,356$3,482$2,759$2,169$1,694$1,188
22 years$4,114$3,250$2,543$1,972$1,519$1,043
23 years$3,893$3,040$2,348$1,796$1,363$917
24 years$3,692$2,848$2,171$1,638$1,225$807
25 years$3,506$2,673$2,011$1,496$1,103$710
26 years$3,335$2,512$1,865$1,368$993$626
27 years$3,178$2,364$1,732$1,252$896$552
28 years$3,031$2,228$1,610$1,147$808$487
29 years$2,895$2,101$1,498$1,052$730$430
30 years$2,768$1,985$1,396$966$659$380
31 years$2,650$1,876$1,301$887$596$336
32 years$2,539$1,775$1,214$815$539$297
33 years$2,436$1,681$1,133$749$488$263
34 years$2,338$1,593$1,059$690$442$232
35 years$2,246$1,511$990$635$400$206
36 years$2,160$1,434$926$585$363$182
37 years$2,078$1,362$867$539$329$161
38 years$2,001$1,295$812$496$298$143
39 years$1,928$1,231$761$458$270$126
40 years$1,859$1,171$713$422$245$112
41 years$1,794$1,115$668$390$222$99
42 years$1,731$1,062$627$360$202$88
43 years$1,672$1,012$588$332$183$78
44 years$1,616$964$552$306$166$69
45 years$1,562$920$519$283$151$61
46 years$1,511$877$487$261$137$54
47 years$1,462$837$458$242$124$48
48 years$1,415$799$430$223$113$42
49 years$1,371$763$404$206$103$38
50 years$1,328$729$380$191$93$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,360,000, adding $5,362 every year, while hoping to spend $46,395 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: 54/16/30 Blend
72$1,360,000$1,360,000$1,360,000$1,360,000
73$1,504,251$1,432,171$1,411,091$1,572,630
74$1,608,321$1,452,983$1,408,999$1,641,410
75$1,721,450$1,473,261$1,405,281$1,711,096
76$1,844,516$1,492,928$1,399,835$1,786,059
77$1,978,479$1,511,904$1,392,552$1,866,825
78$2,124,400$1,530,103$1,383,319$1,953,976
79$2,283,444$1,547,434$1,372,016$2,048,153
80$2,456,896$1,563,798$1,358,518$2,150,065
81$2,646,166$1,579,091$1,342,696$2,260,493
82$2,852,810$1,593,202$1,324,411$2,380,303
83$3,078,539$1,606,011$1,303,521$2,510,448
84$3,325,236$1,617,392$1,279,876$2,651,982
85$3,594,976$1,627,210$1,253,318$2,806,067
86$3,890,043$1,635,323$1,223,683$2,973,988
87$4,212,950$1,641,576$1,190,799$3,157,163
88$4,566,467$1,645,809$1,154,487$3,357,155
89$4,953,642$1,647,849$1,114,557$3,575,693
90$5,377,833$1,647,513$1,070,814$3,814,682
91$5,842,737$1,644,607$1,023,052$4,076,227
92$6,352,427$1,638,923$971,055$4,362,650
93$6,911,388$1,630,244$914,598$4,676,513
94$7,524,560$1,618,336$853,448$5,020,646
95$8,197,383$1,602,953$787,357$5,398,168
96$8,935,853$1,583,834$716,070$5,812,522
97$9,746,570$1,560,702$639,318$6,267,509
98$10,636,807$1,533,263$556,822$6,767,319
99$11,614,574$1,501,207$468,289$7,316,578
100$12,688,698$1,464,203$373,414$7,920,387