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%17.2%
1 years$112,308$111,307$110,331$109,379$108,448$105,272
2 years$55,598$54,562$53,559$52,586$51,642$48,468
3 years$36,697$35,657$34,656$33,692$32,764$29,691
4 years$27,248$26,212$25,221$24,273$23,367$20,420
5 years$21,581$20,550$19,572$18,644$17,764$14,949
6 years$17,804$16,781$15,817$14,910$14,056$11,377
7 years$15,107$14,093$13,144$12,258$11,431$8,887
8 years$13,085$12,080$11,147$10,283$9,483$7,074
9 years$11,513$10,518$9,601$8,759$7,986$5,708
10 years$10,257$9,271$8,371$7,550$6,805$4,655
11 years$9,229$8,253$7,369$6,571$5,852$3,828
12 years$8,374$7,408$6,540$5,764$5,071$3,168
13 years$7,650$6,694$5,843$5,088$4,422$2,635
14 years$7,031$6,085$5,250$4,517$3,877$2,201
15 years$6,494$5,559$4,740$4,028$3,413$1,845
16 years$6,025$5,100$4,298$3,607$3,017$1,551
17 years$5,612$4,697$3,911$3,241$2,675$1,307
18 years$5,245$4,340$3,570$2,921$2,378$1,104
19 years$4,917$4,022$3,268$2,639$2,120$933
20 years$4,622$3,738$2,999$2,390$1,893$790
21 years$4,356$3,482$2,759$2,169$1,694$670
22 years$4,114$3,250$2,543$1,972$1,519$569
23 years$3,893$3,040$2,348$1,796$1,363$483
24 years$3,692$2,848$2,171$1,638$1,225$411
25 years$3,506$2,673$2,011$1,496$1,103$349
26 years$3,335$2,512$1,865$1,368$993$297
27 years$3,178$2,364$1,732$1,252$896$253
28 years$3,031$2,228$1,610$1,147$808$215
29 years$2,895$2,101$1,498$1,052$730$183
30 years$2,768$1,985$1,396$966$659$156
31 years$2,650$1,876$1,301$887$596$133
32 years$2,539$1,775$1,214$815$539$113
33 years$2,436$1,681$1,133$749$488$97
34 years$2,338$1,593$1,059$690$442$82
35 years$2,246$1,511$990$635$400$70
36 years$2,160$1,434$926$585$363$60
37 years$2,078$1,362$867$539$329$51
38 years$2,001$1,295$812$496$298$44
39 years$1,928$1,231$761$458$270$37
40 years$1,859$1,171$713$422$245$32
41 years$1,794$1,115$668$390$222$27
42 years$1,731$1,062$627$360$202$23
43 years$1,672$1,012$588$332$183$20
44 years$1,616$964$552$306$166$17
45 years$1,562$920$519$283$151$14
46 years$1,511$877$487$261$137$12
47 years$1,462$837$458$242$124$10
48 years$1,415$799$430$223$113$9
49 years$1,371$763$404$206$103$8
50 years$1,328$729$380$191$93$6

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 $5,824 every year, while hoping to spend $29,131 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: 63/13/24 Blend
72$1,360,000$1,360,000$1,360,000$1,360,000
73$1,504,727$1,432,647$1,411,567$1,589,695
74$1,627,214$1,471,852$1,427,860$1,687,031
75$1,761,219$1,512,001$1,443,722$1,789,551
76$1,907,885$1,553,111$1,459,108$1,900,877
77$2,068,471$1,595,196$1,473,970$2,021,874
78$2,244,366$1,638,271$1,488,259$2,153,493
79$2,437,098$1,682,352$1,501,922$2,296,786
80$2,648,347$1,727,453$1,514,902$2,452,908
81$2,879,968$1,773,588$1,527,141$2,623,132
82$3,134,001$1,820,770$1,538,576$2,808,864
83$3,412,695$1,869,013$1,549,144$3,011,648
84$3,718,524$1,918,329$1,558,774$3,233,188
85$4,054,217$1,968,731$1,567,397$3,475,363
86$4,422,776$2,020,228$1,574,934$3,740,240
87$4,827,513$2,072,833$1,581,308$4,030,098
88$5,272,071$2,126,553$1,586,434$4,347,449
89$5,760,467$2,181,399$1,590,224$4,695,061
90$6,297,125$2,237,378$1,592,587$5,075,984
91$6,886,919$2,294,496$1,593,425$5,493,577
92$7,535,217$2,352,759$1,592,637$5,951,544
93$8,247,935$2,412,170$1,590,116$6,453,967
94$9,031,590$2,472,733$1,585,751$7,005,342
95$9,893,363$2,534,447$1,579,424$7,610,626
96$10,841,164$2,597,313$1,571,013$8,275,280
97$11,883,709$2,661,327$1,560,388$9,005,324
98$13,030,601$2,726,486$1,547,415$9,807,390
99$14,292,421$2,792,783$1,531,952$10,688,788
100$15,680,826$2,860,207$1,513,851$11,657,574