Can I retire at age 73 with 1,460,000?

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 $1,460,000?

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$120,565$119,492$118,444$117,421$116,422$114,825
2 years$59,686$58,574$57,497$56,452$55,439$53,833
3 years$39,395$38,279$37,204$36,170$35,173$33,607
4 years$29,252$28,139$27,075$26,058$25,086$23,573
5 years$23,168$22,061$21,011$20,015$19,070$17,614
6 years$19,113$18,015$16,980$16,006$15,089$13,692
7 years$16,217$15,129$14,111$13,160$12,272$10,934
8 years$14,047$12,968$11,967$11,039$10,180$8,903
9 years$12,360$11,291$10,307$9,403$8,573$7,354
10 years$11,011$9,953$8,986$8,106$7,305$6,144
11 years$9,908$8,860$7,911$7,054$6,283$5,178
12 years$8,989$7,952$7,021$6,188$5,444$4,395
13 years$8,213$7,187$6,273$5,463$4,748$3,752
14 years$7,548$6,532$5,636$4,849$4,162$3,219
15 years$6,972$5,968$5,089$4,325$3,664$2,773
16 years$6,468$5,475$4,614$3,872$3,238$2,396
17 years$6,025$5,042$4,198$3,479$2,871$2,077
18 years$5,631$4,659$3,832$3,135$2,553$1,804
19 years$5,279$4,318$3,508$2,833$2,276$1,570
20 years$4,962$4,013$3,220$2,566$2,033$1,370
21 years$4,676$3,738$2,962$2,329$1,819$1,196
22 years$4,416$3,489$2,730$2,117$1,631$1,046
23 years$4,180$3,263$2,520$1,928$1,464$916
24 years$3,963$3,057$2,331$1,759$1,316$803
25 years$3,764$2,869$2,159$1,606$1,184$704
26 years$3,581$2,697$2,002$1,469$1,066$618
27 years$3,411$2,538$1,859$1,344$961$543
28 years$3,254$2,391$1,728$1,232$867$477
29 years$3,108$2,256$1,608$1,129$783$420
30 years$2,972$2,131$1,498$1,037$708$369
31 years$2,845$2,014$1,397$952$640$325
32 years$2,726$1,906$1,303$875$579$286
33 years$2,615$1,805$1,217$805$524$252
34 years$2,510$1,710$1,137$740$474$222
35 years$2,412$1,622$1,063$681$430$196
36 years$2,319$1,540$994$628$389$172
37 years$2,231$1,463$931$578$353$152
38 years$2,149$1,390$872$533$320$134
39 years$2,070$1,322$817$491$290$118
40 years$1,996$1,257$765$453$263$104
41 years$1,926$1,197$718$418$239$92
42 years$1,859$1,140$673$386$217$81
43 years$1,795$1,086$632$356$197$71
44 years$1,735$1,035$593$329$178$63
45 years$1,677$987$557$304$162$56
46 years$1,622$942$523$281$147$49
47 years$1,570$899$491$259$134$43
48 years$1,519$858$462$240$121$38
49 years$1,471$819$434$221$110$34
50 years$1,425$783$408$205$100$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,460,000, adding $5,039 every year, while hoping to spend $56,962 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: 70/11/19 Blend
72$1,460,000$1,460,000$1,460,000$1,460,000
73$1,614,118$1,536,738$1,514,108$1,719,340
74$1,718,151$1,551,431$1,504,223$1,804,818
75$1,830,886$1,564,935$1,492,098$1,891,117
76$1,953,151$1,577,131$1,477,598$1,984,156
77$2,085,855$1,587,893$1,460,581$2,084,594
78$2,230,000$1,597,088$1,440,898$2,193,158
79$2,386,687$1,604,572$1,418,395$2,310,650
80$2,557,126$1,610,193$1,392,909$2,437,956
81$2,742,651$1,613,791$1,364,269$2,576,053
82$2,944,727$1,615,192$1,332,297$2,726,015
83$3,164,968$1,614,215$1,296,808$2,889,031
84$3,405,150$1,610,667$1,257,606$3,066,410
85$3,667,227$1,604,341$1,214,488$3,259,595
86$3,953,350$1,595,021$1,167,240$3,470,181
87$4,265,889$1,582,473$1,115,639$3,699,923
88$4,607,449$1,566,454$1,059,452$3,950,758
89$4,980,901$1,546,702$998,436$4,224,824
90$5,389,405$1,522,943$932,336$4,524,475
91$5,836,441$1,494,884$860,886$4,852,312
92$6,325,840$1,462,215$783,807$5,211,198
93$6,861,821$1,424,609$700,811$5,604,294
94$7,449,031$1,381,719$611,592$6,035,085
95$8,092,586$1,333,177$515,834$6,507,414
96$8,798,122$1,278,595$413,207$7,025,519
97$9,571,846$1,217,562$303,365$7,594,072
98$10,420,593$1,149,642$185,947$8,218,225
99$11,351,894$1,074,375$60,576$8,903,661
100$12,374,042$991,274$0$9,656,645