Can I retire at age 73 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$123,043$121,947$120,878$119,834$118,815$117,918
2 years$60,912$59,778$58,678$57,612$56,578$55,674
3 years$40,205$39,065$37,969$36,913$35,896$35,012
4 years$29,853$28,717$27,632$26,594$25,601$24,745
5 years$23,644$22,515$21,443$20,426$19,462$18,635
6 years$19,505$18,385$17,329$16,335$15,399$14,604
7 years$16,551$15,440$14,401$13,430$12,524$11,760
8 years$14,336$13,235$12,213$11,266$10,390$9,657
9 years$12,614$11,523$10,519$9,596$8,750$8,048
10 years$11,237$10,157$9,171$8,272$7,455$6,785
11 years$10,111$9,042$8,074$7,199$6,412$5,772
12 years$9,174$8,116$7,165$6,315$5,556$4,946
13 years$8,381$7,334$6,402$5,575$4,845$4,264
14 years$7,703$6,667$5,752$4,949$4,247$3,694
15 years$7,115$6,090$5,193$4,413$3,740$3,214
16 years$6,601$5,588$4,708$3,952$3,305$2,807
17 years$6,148$5,146$4,284$3,551$2,930$2,458
18 years$5,746$4,755$3,911$3,200$2,606$2,158
19 years$5,387$4,407$3,580$2,891$2,322$1,900
20 years$5,064$4,095$3,286$2,619$2,074$1,675
21 years$4,772$3,815$3,022$2,377$1,856$1,479
22 years$4,507$3,561$2,786$2,161$1,664$1,309
23 years$4,266$3,330$2,572$1,968$1,494$1,159
24 years$4,045$3,120$2,379$1,795$1,343$1,028
25 years$3,841$2,928$2,203$1,639$1,208$912
26 years$3,654$2,752$2,043$1,499$1,088$810
27 years$3,481$2,590$1,897$1,372$981$720
28 years$3,321$2,441$1,764$1,257$885$641
29 years$3,172$2,302$1,641$1,153$799$570
30 years$3,033$2,174$1,529$1,058$722$508
31 years$2,903$2,055$1,425$972$653$453
32 years$2,782$1,945$1,330$893$591$403
33 years$2,668$1,842$1,242$821$535$360
34 years$2,562$1,746$1,160$755$484$321
35 years$2,461$1,656$1,085$695$438$286
36 years$2,366$1,572$1,015$640$397$256
37 years$2,277$1,493$950$590$360$228
38 years$2,193$1,418$889$544$326$204
39 years$2,113$1,349$833$502$296$182
40 years$2,037$1,283$781$463$268$162
41 years$1,965$1,222$732$427$244$145
42 years$1,897$1,163$687$394$221$130
43 years$1,832$1,108$645$364$201$116
44 years$1,770$1,057$605$336$182$104
45 years$1,711$1,008$568$310$165$93
46 years$1,655$961$534$286$150$83
47 years$1,602$917$501$265$136$74
48 years$1,551$876$471$244$124$66
49 years$1,502$836$443$226$112$59
50 years$1,455$799$416$209$102$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,490,000, adding $4,519 every year, while hoping to spend $41,682 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: 41/45/14 Blend
72$1,490,000$1,490,000$1,490,000$1,490,000
73$1,646,641$1,567,671$1,544,576$1,707,170
74$1,770,249$1,600,138$1,551,970$1,782,774
75$1,905,069$1,632,798$1,558,215$1,860,105
76$2,052,198$1,665,618$1,563,228$1,942,898
77$2,212,849$1,698,560$1,566,922$2,031,669
78$2,388,352$1,731,582$1,569,207$2,126,989
79$2,580,176$1,764,641$1,569,987$2,229,486
80$2,789,934$1,797,689$1,569,162$2,339,851
81$3,019,405$1,830,673$1,566,626$2,458,850
82$3,270,546$1,863,538$1,562,270$2,587,323
83$3,545,513$1,896,222$1,555,977$2,726,199
84$3,846,679$1,928,662$1,547,627$2,876,504
85$4,176,660$1,960,786$1,537,092$3,039,366
86$4,538,334$1,992,519$1,524,239$3,216,032
87$4,934,872$2,023,780$1,508,929$3,407,876
88$5,369,766$2,054,482$1,491,015$3,616,415
89$5,846,862$2,084,532$1,470,344$3,843,318
90$6,370,398$2,113,830$1,446,757$4,090,432
91$6,945,040$2,142,269$1,420,084$4,359,789
92$7,575,928$2,169,734$1,390,152$4,653,634
93$8,268,726$2,196,104$1,356,775$4,974,440
94$9,029,670$2,221,248$1,319,761$5,324,936
95$9,865,634$2,245,026$1,278,910$5,708,133
96$10,784,186$2,267,290$1,234,011$6,127,350
97$11,793,666$2,287,881$1,184,844$6,586,249
98$12,903,263$2,306,630$1,131,179$7,088,868
99$14,123,098$2,323,356$1,072,775$7,639,660
100$15,464,322$2,337,869$1,009,382$8,243,539