Can I retire at age 73 with 1,410,000?

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$116,436$115,399$114,387$113,400$112,435$110,893
2 years$57,642$56,568$55,528$54,519$53,541$51,989
3 years$38,046$36,968$35,930$34,931$33,968$32,456
4 years$28,250$27,175$26,148$25,166$24,227$22,765
5 years$22,374$21,306$20,292$19,330$18,417$17,011
6 years$18,458$17,398$16,399$15,458$14,572$13,224
7 years$15,662$14,611$13,628$12,709$11,851$10,560
8 years$13,566$12,524$11,557$10,661$9,832$8,598
9 years$11,937$10,904$9,954$9,081$8,280$7,102
10 years$10,634$9,612$8,678$7,828$7,055$5,933
11 years$9,569$8,557$7,640$6,813$6,067$5,001
12 years$8,681$7,680$6,781$5,976$5,258$4,245
13 years$7,931$6,941$6,058$5,276$4,585$3,624
14 years$7,289$6,309$5,443$4,683$4,019$3,109
15 years$6,733$5,763$4,914$4,176$3,539$2,678
16 years$6,247$5,288$4,456$3,740$3,128$2,314
17 years$5,818$4,870$4,054$3,360$2,773$2,005
18 years$5,438$4,500$3,701$3,028$2,466$1,742
19 years$5,098$4,170$3,388$2,736$2,198$1,517
20 years$4,792$3,875$3,110$2,478$1,963$1,323
21 years$4,516$3,610$2,860$2,249$1,757$1,155
22 years$4,265$3,370$2,636$2,045$1,575$1,010
23 years$4,037$3,151$2,434$1,862$1,414$885
24 years$3,827$2,953$2,251$1,698$1,270$775
25 years$3,635$2,771$2,085$1,551$1,143$680
26 years$3,458$2,604$1,934$1,418$1,030$597
27 years$3,294$2,451$1,796$1,298$928$524
28 years$3,143$2,309$1,669$1,189$838$461
29 years$3,002$2,179$1,553$1,091$756$405
30 years$2,870$2,058$1,447$1,001$684$357
31 years$2,747$1,945$1,349$919$618$314
32 years$2,633$1,840$1,259$845$559$276
33 years$2,525$1,743$1,175$777$506$243
34 years$2,424$1,652$1,098$715$458$214
35 years$2,329$1,567$1,026$658$415$189
36 years$2,239$1,487$960$606$376$166
37 years$2,155$1,412$899$558$341$147
38 years$2,075$1,342$842$515$309$129
39 years$1,999$1,276$789$475$280$114
40 years$1,928$1,214$739$438$254$101
41 years$1,860$1,156$693$404$230$89
42 years$1,795$1,101$650$373$209$78
43 years$1,734$1,049$610$344$190$69
44 years$1,675$1,000$573$318$172$61
45 years$1,620$953$538$293$156$54
46 years$1,566$910$505$271$142$47
47 years$1,516$868$474$250$129$42
48 years$1,467$829$446$231$117$37
49 years$1,421$791$419$214$106$33
50 years$1,377$756$394$198$97$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,410,000, adding $4,081 every year, while hoping to spend $43,804 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: 28/49/23 Blend
72$1,410,000$1,410,000$1,410,000$1,410,000
73$1,558,030$1,483,300$1,461,445$1,590,315
74$1,670,341$1,509,374$1,463,796$1,641,995
75$1,792,641$1,535,258$1,464,758$1,693,353
76$1,925,901$1,560,896$1,464,238$1,747,618
77$2,071,191$1,586,228$1,462,138$1,805,065
78$2,229,690$1,611,191$1,458,356$1,866,000
79$2,402,693$1,635,714$1,452,786$1,930,763
80$2,591,628$1,659,725$1,445,315$1,999,730
81$2,798,066$1,683,143$1,435,826$2,073,317
82$3,023,737$1,705,886$1,424,194$2,151,985
83$3,270,545$1,727,861$1,410,291$2,236,244
84$3,540,587$1,748,971$1,393,982$2,326,659
85$3,836,170$1,769,115$1,375,124$2,423,857
86$4,159,838$1,788,180$1,353,569$2,528,528
87$4,514,390$1,806,050$1,329,162$2,641,441
88$4,902,910$1,822,598$1,301,741$2,763,442
89$5,328,792$1,837,690$1,271,134$2,895,471
90$5,795,776$1,851,184$1,237,165$3,038,566
91$6,307,981$1,862,928$1,199,646$3,193,876
92$6,869,944$1,872,761$1,158,383$3,362,670
93$7,486,661$1,880,509$1,113,171$3,546,355
94$8,163,637$1,885,990$1,063,799$3,746,484
95$8,906,934$1,889,010$1,010,043$3,964,774
96$9,723,232$1,889,362$951,670$4,203,126
97$10,619,888$1,886,827$888,436$4,463,639
98$11,605,006$1,881,171$820,089$4,748,634
99$12,687,516$1,872,148$746,361$5,060,677
100$13,877,254$1,859,495$666,976$5,402,600