Can I retire at age 73 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$121,391$120,310$119,255$118,225$117,220$113,016
2 years$60,095$58,975$57,891$56,839$55,819$51,629
3 years$39,665$38,541$37,459$36,417$35,414$31,370
4 years$29,452$28,332$27,261$26,237$25,257$21,390
5 years$23,326$22,212$21,155$20,152$19,200$15,519
6 years$19,244$18,138$17,097$16,116$15,193$11,701
7 years$16,329$15,232$14,207$13,250$12,356$9,053
8 years$14,143$13,057$12,049$11,115$10,250$7,133
9 years$12,444$11,368$10,378$9,467$8,632$5,697
10 years$11,086$10,021$9,048$8,161$7,355$4,597
11 years$9,976$8,921$7,965$7,103$6,326$3,738
12 years$9,051$8,007$7,069$6,230$5,482$3,059
13 years$8,269$7,236$6,316$5,500$4,780$2,515
14 years$7,599$6,577$5,675$4,882$4,190$2,077
15 years$7,020$6,008$5,124$4,354$3,689$1,720
16 years$6,513$5,513$4,645$3,899$3,261$1,428
17 years$6,066$5,077$4,227$3,503$2,891$1,189
18 years$5,669$4,691$3,859$3,157$2,571$991
19 years$5,315$4,348$3,532$2,852$2,291$827
20 years$4,996$4,040$3,242$2,583$2,047$692
21 years$4,708$3,763$2,982$2,345$1,831$579
22 years$4,447$3,513$2,748$2,132$1,642$485
23 years$4,208$3,286$2,538$1,942$1,474$406
24 years$3,990$3,078$2,347$1,771$1,325$340
25 years$3,790$2,889$2,174$1,617$1,192$286
26 years$3,605$2,715$2,016$1,479$1,074$240
27 years$3,435$2,555$1,872$1,353$968$201
28 years$3,276$2,408$1,740$1,240$873$169
29 years$3,129$2,271$1,619$1,137$789$142
30 years$2,992$2,145$1,508$1,044$713$119
31 years$2,864$2,028$1,406$958$644$100
32 years$2,745$1,919$1,312$881$583$84
33 years$2,633$1,817$1,225$810$527$71
34 years$2,527$1,722$1,145$745$478$60
35 years$2,428$1,633$1,070$686$433$50
36 years$2,335$1,550$1,001$632$392$42
37 years$2,247$1,473$937$582$355$35
38 years$2,163$1,399$877$537$322$30
39 years$2,084$1,331$822$495$292$25
40 years$2,010$1,266$771$456$265$21
41 years$1,939$1,205$723$421$240$18
42 years$1,872$1,148$678$389$218$15
43 years$1,808$1,094$636$359$198$13
44 years$1,747$1,042$597$331$180$11
45 years$1,689$994$561$306$163$9
46 years$1,633$948$526$283$148$7
47 years$1,580$905$495$261$134$6
48 years$1,530$864$465$241$122$5
49 years$1,481$825$437$223$111$4
50 years$1,435$788$411$206$101$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,470,000, adding $5,335 every year, while hoping to spend $24,777 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: 70/21/9 Blend
72$1,470,000$1,470,000$1,470,000$1,470,000
73$1,625,443$1,547,533$1,524,748$1,736,131
74$1,764,876$1,597,000$1,549,465$1,859,585
75$1,917,700$1,648,060$1,574,179$1,991,091
76$2,085,256$1,700,765$1,598,864$2,134,322
77$2,269,019$1,755,169$1,623,493$2,290,427
78$2,470,614$1,811,328$1,648,036$2,460,669
79$2,691,832$1,869,299$1,672,460$2,646,439
80$2,934,645$1,929,140$1,696,733$2,849,267
81$3,201,224$1,990,913$1,720,819$3,070,839
82$3,493,963$2,054,682$1,744,680$3,313,012
83$3,815,497$2,120,511$1,768,277$3,577,830
84$4,168,729$2,188,467$1,791,565$3,867,542
85$4,556,858$2,258,621$1,814,502$4,184,629
86$4,983,409$2,331,045$1,837,039$4,531,820
87$5,452,263$2,405,813$1,859,126$4,912,121
88$5,967,698$2,483,001$1,880,711$5,328,844
89$6,534,424$2,562,690$1,901,736$5,785,636
90$7,157,635$2,644,961$1,922,143$6,286,514
91$7,843,049$2,729,899$1,941,871$6,835,904
92$8,596,968$2,817,593$1,960,852$7,438,680
93$9,426,336$2,908,132$1,979,017$8,100,212
94$10,338,803$3,001,610$1,996,295$8,826,415
95$11,342,797$3,098,125$2,012,606$9,623,805
96$12,447,605$3,197,777$2,027,872$10,499,561
97$13,663,461$3,300,668$2,042,006$11,461,592
98$15,001,640$3,406,906$2,054,919$12,518,611
99$16,474,565$3,516,602$2,066,516$13,680,217
100$18,095,925$3,629,870$2,076,699$14,956,986