Can I retire at age 73 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$113,133$112,126$111,142$110,183$109,246$108,330
2 years$56,007$54,964$53,953$52,972$52,022$51,099
3 years$36,967$35,919$34,911$33,940$33,005$32,104
4 years$27,449$26,404$25,406$24,452$23,539$22,666
5 years$21,740$20,701$19,716$18,781$17,894$17,052
6 years$17,935$16,904$15,934$15,020$14,159$13,349
7 years$15,218$14,196$13,241$12,348$11,515$10,737
8 years$13,181$12,169$11,229$10,359$9,553$8,808
9 years$11,598$10,595$9,672$8,823$8,045$7,332
10 years$10,332$9,339$8,432$7,606$6,855$6,173
11 years$9,297$8,314$7,424$6,619$5,895$5,245
12 years$8,435$7,462$6,588$5,806$5,109$4,489
13 years$7,706$6,744$5,886$5,126$4,455$3,865
14 years$7,082$6,130$5,289$4,550$3,905$3,344
15 years$6,542$5,600$4,775$4,058$3,438$2,906
16 years$6,070$5,138$4,329$3,633$3,039$2,534
17 years$5,653$4,732$3,939$3,265$2,694$2,216
18 years$5,284$4,372$3,596$2,942$2,396$1,943
19 years$4,953$4,052$3,292$2,658$2,135$1,708
20 years$4,656$3,765$3,021$2,408$1,907$1,503
21 years$4,388$3,507$2,779$2,185$1,707$1,326
22 years$4,144$3,274$2,561$1,987$1,530$1,171
23 years$3,922$3,062$2,365$1,809$1,373$1,036
24 years$3,719$2,869$2,187$1,650$1,234$917
25 years$3,532$2,692$2,026$1,507$1,111$812
26 years$3,360$2,530$1,879$1,378$1,001$721
27 years$3,201$2,381$1,745$1,261$902$640
28 years$3,053$2,244$1,622$1,156$814$568
29 years$2,916$2,117$1,509$1,060$735$505
30 years$2,789$1,999$1,406$973$664$449
31 years$2,670$1,890$1,311$893$600$399
32 years$2,558$1,788$1,223$821$543$355
33 years$2,453$1,693$1,142$755$492$316
34 years$2,355$1,605$1,067$695$445$282
35 years$2,263$1,522$997$639$403$251
36 years$2,176$1,445$933$589$365$224
37 years$2,094$1,372$873$543$331$199
38 years$2,016$1,304$818$500$300$178
39 years$1,943$1,240$766$461$272$158
40 years$1,873$1,180$718$425$247$141
41 years$1,807$1,123$673$392$224$126
42 years$1,744$1,070$632$362$203$112
43 years$1,685$1,019$593$334$184$100
44 years$1,628$972$556$309$167$89
45 years$1,574$926$522$285$152$80
46 years$1,522$884$491$263$138$71
47 years$1,473$843$461$243$125$64
48 years$1,426$805$433$225$114$57
49 years$1,381$769$407$208$103$51
50 years$1,338$734$383$192$94$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,370,000, adding $5,100 every year, while hoping to spend $32,457 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: 65/28/7 Blend
72$1,370,000$1,370,000$1,370,000$1,370,000
73$1,515,001$1,442,391$1,421,156$1,611,234
74$1,634,997$1,478,534$1,434,230$1,712,027
75$1,766,145$1,515,360$1,446,655$1,817,773
76$1,909,547$1,552,869$1,458,374$1,932,450
77$2,066,420$1,591,058$1,469,329$2,056,922
78$2,238,100$1,629,925$1,479,456$2,192,143
79$2,426,059$1,669,464$1,488,691$2,339,162
80$2,631,920$1,709,671$1,496,965$2,499,133
81$2,857,468$1,750,538$1,504,206$2,673,328
82$3,104,671$1,792,055$1,510,338$2,863,149
83$3,375,695$1,834,213$1,515,281$3,070,138
84$3,672,924$1,876,998$1,518,952$3,295,995
85$3,998,988$1,920,396$1,521,262$3,542,591
86$4,356,780$1,964,391$1,522,120$3,811,987
87$4,749,489$2,008,963$1,521,428$4,106,456
88$5,180,626$2,054,092$1,519,085$4,428,499
89$5,654,060$2,099,752$1,514,984$4,780,873
90$6,174,051$2,145,917$1,509,014$5,166,613
91$6,745,296$2,192,558$1,501,057$5,589,066
92$7,372,963$2,239,641$1,490,990$6,051,918
93$8,062,752$2,287,131$1,478,685$6,559,229
94$8,820,939$2,334,986$1,464,006$7,115,473
95$9,654,438$2,383,163$1,446,814$7,725,582
96$10,570,867$2,431,615$1,426,958$8,394,987
97$11,578,620$2,480,288$1,404,286$9,129,673
98$12,686,943$2,529,126$1,378,634$9,936,237
99$13,906,026$2,578,068$1,349,832$10,821,946
100$15,247,093$2,627,046$1,317,704$11,794,809