Can I retire at age 73 with 1,420,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$117,262$116,218$115,199$114,204$113,233$109,696
2 years$58,051$56,969$55,922$54,906$53,920$50,389
3 years$38,316$37,230$36,185$35,179$34,209$30,793
4 years$28,451$27,368$26,333$25,344$24,398$21,124
5 years$22,533$21,457$20,436$19,467$18,547$15,424
6 years$18,589$17,521$16,515$15,568$14,676$11,706
7 years$15,773$14,714$13,724$12,799$11,935$9,119
8 years$13,662$12,613$11,639$10,737$9,902$7,237
9 years$12,021$10,982$10,025$9,145$8,339$5,822
10 years$10,709$9,680$8,740$7,883$7,105$4,733
11 years$9,636$8,617$7,694$6,861$6,110$3,879
12 years$8,743$7,735$6,829$6,018$5,295$3,200
13 years$7,988$6,990$6,101$5,313$4,617$2,653
14 years$7,341$6,354$5,482$4,716$4,048$2,208
15 years$6,781$5,804$4,949$4,206$3,564$1,845
16 years$6,291$5,325$4,487$3,766$3,150$1,545
17 years$5,860$4,904$4,083$3,384$2,793$1,297
18 years$5,476$4,532$3,727$3,049$2,483$1,091
19 years$5,134$4,200$3,412$2,755$2,213$919
20 years$4,826$3,903$3,132$2,496$1,977$776
21 years$4,548$3,635$2,880$2,265$1,769$655
22 years$4,295$3,393$2,655$2,059$1,586$554
23 years$4,065$3,174$2,451$1,875$1,424$468
24 years$3,855$2,974$2,267$1,711$1,280$397
25 years$3,661$2,791$2,100$1,562$1,151$336
26 years$3,483$2,623$1,947$1,428$1,037$285
27 years$3,318$2,468$1,808$1,307$935$241
28 years$3,165$2,326$1,681$1,198$844$205
29 years$3,023$2,194$1,564$1,098$762$174
30 years$2,891$2,072$1,457$1,008$688$147
31 years$2,767$1,959$1,358$926$622$125
32 years$2,651$1,854$1,267$851$563$106
33 years$2,543$1,755$1,183$782$509$90
34 years$2,441$1,664$1,106$720$461$76
35 years$2,346$1,578$1,034$663$418$65
36 years$2,255$1,498$967$610$379$55
37 years$2,170$1,422$905$562$343$47
38 years$2,090$1,352$848$518$311$40
39 years$2,014$1,285$794$478$282$34
40 years$1,941$1,223$744$441$256$29
41 years$1,873$1,164$698$407$232$24
42 years$1,808$1,109$655$375$211$21
43 years$1,746$1,056$614$347$191$18
44 years$1,687$1,007$577$320$173$15
45 years$1,631$960$541$295$158$13
46 years$1,578$916$509$273$143$11
47 years$1,527$874$478$252$130$9
48 years$1,478$835$449$233$118$8
49 years$1,431$797$422$215$107$7
50 years$1,386$761$397$199$97$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,420,000, adding $5,413 every year, while hoping to spend $44,016 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: 74/15/11 Blend
72$1,420,000$1,420,000$1,420,000$1,420,000
73$1,570,424$1,495,164$1,473,154$1,682,905
74$1,683,774$1,521,594$1,475,671$1,784,320
75$1,807,211$1,547,844$1,476,799$1,889,367
76$1,941,717$1,573,859$1,476,442$2,003,238
77$2,088,373$1,599,579$1,474,503$2,126,796
78$2,248,369$1,624,940$1,470,881$2,260,988
79$2,423,014$1,649,873$1,465,467$2,406,860
80$2,613,750$1,674,306$1,458,149$2,565,563
81$2,822,165$1,698,159$1,448,809$2,738,366
82$3,050,004$1,721,348$1,437,323$2,926,666
83$3,299,193$1,743,782$1,423,562$3,132,004
84$3,571,849$1,765,366$1,407,389$3,356,076
85$3,870,304$1,785,995$1,388,663$3,600,751
86$4,197,127$1,805,560$1,367,235$3,868,091
87$4,555,145$1,823,944$1,342,949$4,160,364
88$4,947,473$1,841,021$1,315,641$4,480,073
89$5,377,541$1,856,657$1,285,141$4,829,975
90$5,849,127$1,870,710$1,251,270$5,213,108
91$6,366,392$1,883,028$1,213,841$5,632,820
92$6,933,919$1,893,451$1,172,659$6,092,801
93$7,556,755$1,901,806$1,127,520$6,597,117
94$8,240,460$1,907,912$1,078,208$7,150,251
95$8,991,161$1,911,573$1,024,502$7,757,140
96$9,815,604$1,912,585$966,167$8,423,229
97$10,721,221$1,910,727$902,960$9,154,516
98$11,716,201$1,905,768$834,624$9,957,613
99$12,809,563$1,897,460$760,893$10,839,808
100$14,011,245$1,885,542$681,490$11,809,130