Can I retire at age 73 with 1,430,000?

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 $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$118,088$117,036$116,010$115,008$114,030$113,312
2 years$58,459$57,371$56,316$55,292$54,300$53,575
3 years$38,586$37,492$36,440$35,426$34,450$33,742
4 years$28,651$27,561$26,519$25,523$24,570$23,883
5 years$22,692$21,608$20,580$19,604$18,678$18,014
6 years$18,720$17,645$16,631$15,677$14,779$14,140
7 years$15,884$14,818$13,821$12,889$12,019$11,405
8 years$13,758$12,702$11,721$10,812$9,971$9,382
9 years$12,106$11,059$10,095$9,210$8,397$7,833
10 years$10,785$9,748$8,801$7,939$7,155$6,615
11 years$9,704$8,678$7,749$6,909$6,153$5,637
12 years$8,805$7,789$6,877$6,060$5,332$4,840
13 years$8,044$7,039$6,144$5,350$4,650$4,181
14 years$7,393$6,398$5,520$4,749$4,076$3,629
15 years$6,828$5,845$4,984$4,236$3,589$3,164
16 years$6,335$5,363$4,519$3,793$3,172$2,768
17 years$5,901$4,939$4,112$3,408$2,812$2,430
18 years$5,515$4,564$3,754$3,071$2,501$2,138
19 years$5,170$4,230$3,436$2,775$2,229$1,886
20 years$4,860$3,930$3,154$2,513$1,991$1,666
21 years$4,580$3,661$2,901$2,281$1,782$1,475
22 years$4,326$3,417$2,674$2,074$1,597$1,308
23 years$4,094$3,196$2,469$1,889$1,434$1,161
24 years$3,882$2,995$2,283$1,723$1,289$1,031
25 years$3,687$2,810$2,114$1,573$1,159$918
26 years$3,507$2,641$1,961$1,438$1,044$817
27 years$3,341$2,486$1,821$1,317$942$728
28 years$3,187$2,342$1,693$1,206$850$649
29 years$3,044$2,210$1,575$1,106$767$579
30 years$2,911$2,087$1,467$1,015$693$517
31 years$2,786$1,973$1,368$932$627$462
32 years$2,670$1,867$1,276$857$567$413
33 years$2,561$1,768$1,192$788$513$369
34 years$2,458$1,675$1,114$725$465$330
35 years$2,362$1,589$1,041$667$421$295
36 years$2,271$1,508$974$615$381$264
37 years$2,185$1,432$912$566$346$236
38 years$2,104$1,361$854$522$313$212
39 years$2,028$1,295$800$481$284$189
40 years$1,955$1,232$750$444$258$170
41 years$1,886$1,172$703$410$234$152
42 years$1,821$1,117$659$378$212$136
43 years$1,758$1,064$619$349$192$122
44 years$1,699$1,014$581$322$175$109
45 years$1,643$967$545$298$159$98
46 years$1,589$922$512$275$144$88
47 years$1,537$880$481$254$131$79
48 years$1,488$840$452$235$119$70
49 years$1,441$803$425$217$108$63
50 years$1,396$767$400$200$98$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,430,000, adding $5,549 every year, while hoping to spend $20,296 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: 24/46/30 Blend
72$1,430,000$1,430,000$1,430,000$1,430,000
73$1,581,584$1,505,794$1,483,629$1,604,575
74$1,721,311$1,557,983$1,511,736$1,676,987
75$1,874,609$1,612,049$1,540,104$1,752,455
76$2,042,843$1,668,063$1,568,720$1,832,891
77$2,227,512$1,726,097$1,597,572$1,918,723
78$2,430,271$1,786,229$1,626,644$2,010,421
79$2,652,942$1,848,537$1,655,919$2,108,500
80$2,897,531$1,913,104$1,685,381$2,213,525
81$3,166,248$1,980,015$1,715,011$2,326,116
82$3,461,529$2,049,360$1,744,788$2,446,954
83$3,786,057$2,121,231$1,774,690$2,576,787
84$4,142,788$2,195,724$1,804,695$2,716,436
85$4,534,978$2,272,940$1,834,778$2,866,802
86$4,966,215$2,352,983$1,864,912$3,028,877
87$5,440,450$2,435,961$1,895,068$3,203,749
88$5,962,040$2,521,987$1,925,216$3,392,615
89$6,535,781$2,611,178$1,955,325$3,596,792
90$7,166,961$2,703,656$1,985,358$3,817,724
91$7,861,404$2,799,548$2,015,281$4,057,004
92$8,625,528$2,898,986$2,045,053$4,316,379
93$9,466,404$3,002,108$2,074,634$4,597,774
94$10,391,823$3,109,057$2,103,980$4,903,304
95$11,410,369$3,219,982$2,133,044$5,235,299
96$12,531,503$3,335,037$2,161,777$5,596,318
97$13,765,646$3,454,384$2,190,127$5,989,180
98$15,124,284$3,578,191$2,218,038$6,416,988
99$16,620,071$3,706,632$2,245,453$6,883,153
100$18,266,952$3,839,890$2,272,308$7,391,433