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

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$123,043$121,947$120,878$119,834$118,815$114,736
2 years$60,912$59,778$58,678$57,612$56,578$52,511
3 years$40,205$39,065$37,969$36,913$35,896$31,967
4 years$29,853$28,717$27,632$26,594$25,601$21,841
5 years$23,644$22,515$21,443$20,426$19,462$15,880
6 years$19,505$18,385$17,329$16,335$15,399$12,000
7 years$16,551$15,440$14,401$13,430$12,524$9,305
8 years$14,336$13,235$12,213$11,266$10,390$7,349
9 years$12,614$11,523$10,519$9,596$8,750$5,884
10 years$11,237$10,157$9,171$8,272$7,455$4,759
11 years$10,111$9,042$8,074$7,199$6,412$3,880
12 years$9,174$8,116$7,165$6,315$5,556$3,184
13 years$8,381$7,334$6,402$5,575$4,845$2,625
14 years$7,703$6,667$5,752$4,949$4,247$2,173
15 years$7,115$6,090$5,193$4,413$3,740$1,805
16 years$6,601$5,588$4,708$3,952$3,305$1,503
17 years$6,148$5,146$4,284$3,551$2,930$1,255
18 years$5,746$4,755$3,911$3,200$2,606$1,049
19 years$5,387$4,407$3,580$2,891$2,322$879
20 years$5,064$4,095$3,286$2,619$2,074$737
21 years$4,772$3,815$3,022$2,377$1,856$618
22 years$4,507$3,561$2,786$2,161$1,664$519
23 years$4,266$3,330$2,572$1,968$1,494$437
24 years$4,045$3,120$2,379$1,795$1,343$367
25 years$3,841$2,928$2,203$1,639$1,208$309
26 years$3,654$2,752$2,043$1,499$1,088$260
27 years$3,481$2,590$1,897$1,372$981$219
28 years$3,321$2,441$1,764$1,257$885$185
29 years$3,172$2,302$1,641$1,153$799$156
30 years$3,033$2,174$1,529$1,058$722$131
31 years$2,903$2,055$1,425$972$653$111
32 years$2,782$1,945$1,330$893$591$93
33 years$2,668$1,842$1,242$821$535$79
34 years$2,562$1,746$1,160$755$484$66
35 years$2,461$1,656$1,085$695$438$56
36 years$2,366$1,572$1,015$640$397$47
37 years$2,277$1,493$950$590$360$40
38 years$2,193$1,418$889$544$326$34
39 years$2,113$1,349$833$502$296$28
40 years$2,037$1,283$781$463$268$24
41 years$1,965$1,222$732$427$244$20
42 years$1,897$1,163$687$394$221$17
43 years$1,832$1,108$645$364$201$14
44 years$1,770$1,057$605$336$182$12
45 years$1,711$1,008$568$310$165$10
46 years$1,655$961$534$286$150$9
47 years$1,602$917$501$265$136$7
48 years$1,551$876$471$244$124$6
49 years$1,502$836$443$226$112$5
50 years$1,455$799$416$209$102$4

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 $3,540 every year, while hoping to spend $40,557 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: 59/32/9 Blend
72$1,490,000$1,490,000$1,490,000$1,490,000
73$1,645,632$1,566,662$1,543,567$1,739,140
74$1,770,334$1,600,276$1,552,124$1,835,990
75$1,906,396$1,634,177$1,559,608$1,936,639
76$2,054,935$1,668,338$1,565,941$2,045,383
77$2,217,178$1,702,727$1,571,040$2,163,002
78$2,394,478$1,737,309$1,574,818$2,290,357
79$2,588,324$1,772,046$1,577,184$2,428,393
80$2,800,355$1,806,898$1,578,042$2,578,156
81$3,032,376$1,841,821$1,577,291$2,740,793
82$3,286,374$1,876,766$1,574,826$2,917,572
83$3,564,538$1,911,681$1,570,536$3,109,888
84$3,869,278$1,946,510$1,564,306$3,319,277
85$4,203,248$1,981,193$1,556,013$3,547,434
86$4,569,370$2,015,662$1,545,531$3,796,226
87$4,970,865$2,049,849$1,532,725$4,067,710
88$5,411,278$2,083,676$1,517,456$4,364,154
89$5,894,515$2,117,063$1,499,578$4,688,054
90$6,424,877$2,149,921$1,478,935$5,042,166
91$7,007,104$2,182,156$1,455,369$5,429,523
92$7,646,415$2,213,668$1,428,710$5,853,470
93$8,348,560$2,244,349$1,398,783$6,317,693
94$9,119,873$2,274,082$1,365,402$6,826,255
95$9,967,333$2,302,745$1,328,376$7,383,633
96$10,898,626$2,330,205$1,287,502$7,994,763
97$11,922,223$2,356,321$1,242,570$8,665,084
98$13,047,452$2,380,943$1,193,358$9,400,592
99$14,284,593$2,403,911$1,139,637$10,207,895
100$15,644,971$2,425,052$1,081,164$11,094,276