Can I retire at age 73 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$123,869$122,765$121,689$120,638$119,612$119,008
2 years$61,321$60,179$59,072$57,999$56,958$56,348
3 years$40,475$39,328$38,224$37,161$36,137$35,540
4 years$30,053$28,910$27,817$26,772$25,773$25,194
5 years$23,802$22,666$21,587$20,564$19,592$19,033
6 years$19,636$18,508$17,446$16,445$15,503$14,964
7 years$16,662$15,543$14,497$13,520$12,608$12,090
8 years$14,432$13,323$12,295$11,342$10,459$9,962
9 years$12,698$11,600$10,590$9,661$8,808$8,332
10 years$11,312$10,225$9,232$8,328$7,505$7,049
11 years$10,179$9,103$8,128$7,247$6,455$6,018
12 years$9,236$8,170$7,213$6,357$5,593$5,177
13 years$8,438$7,384$6,445$5,612$4,878$4,480
14 years$7,754$6,711$5,791$4,982$4,276$3,897
15 years$7,163$6,131$5,228$4,443$3,765$3,404
16 years$6,646$5,625$4,740$3,978$3,327$2,984
17 years$6,190$5,181$4,313$3,574$2,950$2,625
18 years$5,785$4,787$3,937$3,221$2,623$2,314
19 years$5,423$4,437$3,605$2,911$2,338$2,046
20 years$5,098$4,123$3,308$2,636$2,088$1,812
21 years$4,804$3,840$3,043$2,393$1,869$1,607
22 years$4,537$3,585$2,804$2,175$1,675$1,428
23 years$4,294$3,353$2,589$1,981$1,504$1,270
24 years$4,072$3,141$2,395$1,807$1,352$1,132
25 years$3,867$2,948$2,218$1,650$1,216$1,009
26 years$3,679$2,770$2,057$1,509$1,096$900
27 years$3,505$2,607$1,910$1,381$988$804
28 years$3,343$2,457$1,776$1,265$891$719
29 years$3,193$2,318$1,652$1,160$805$643
30 years$3,053$2,189$1,539$1,065$727$575
31 years$2,923$2,069$1,435$978$657$515
32 years$2,801$1,958$1,339$899$595$462
33 years$2,686$1,854$1,250$827$538$414
34 years$2,579$1,757$1,168$761$487$371
35 years$2,478$1,667$1,092$700$441$333
36 years$2,382$1,582$1,022$645$400$298
37 years$2,292$1,503$956$594$362$268
38 years$2,207$1,428$895$548$329$240
39 years$2,127$1,358$839$505$298$216
40 years$2,051$1,292$786$466$270$194
41 years$1,978$1,230$737$430$245$174
42 years$1,910$1,171$692$397$222$156
43 years$1,844$1,116$649$366$202$140
44 years$1,782$1,064$609$338$183$126
45 years$1,723$1,014$572$312$166$113
46 years$1,666$968$537$288$151$102
47 years$1,613$923$505$266$137$91
48 years$1,561$882$474$246$125$82
49 years$1,512$842$446$227$113$74
50 years$1,465$804$419$210$103$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,500,000, adding $5,968 every year, while hoping to spend $48,706 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: 43/39/18 Blend
72$1,500,000$1,500,000$1,500,000$1,500,000
73$1,659,156$1,579,656$1,556,406$1,721,574
74$1,776,567$1,605,236$1,556,723$1,791,735
75$1,904,322$1,630,438$1,555,418$1,862,453
76$2,043,423$1,655,190$1,552,385$1,938,046
77$2,194,977$1,679,418$1,547,514$2,018,987
78$2,360,197$1,703,042$1,540,688$2,105,797
79$2,540,421$1,725,976$1,531,786$2,199,052
80$2,737,122$1,748,127$1,520,679$2,299,388
81$2,951,921$1,769,397$1,507,234$2,407,509
82$3,186,600$1,789,681$1,491,310$2,524,190
83$3,443,125$1,808,867$1,472,760$2,650,290
84$3,723,658$1,826,835$1,451,431$2,786,755
85$4,030,578$1,843,458$1,427,161$2,934,631
86$4,366,509$1,858,599$1,399,783$3,095,075
87$4,734,336$1,872,113$1,369,119$3,269,361
88$5,137,238$1,883,846$1,334,984$3,458,899
89$5,578,716$1,893,635$1,297,186$3,665,245
90$6,062,626$1,901,304$1,255,522$3,890,116
91$6,593,213$1,906,667$1,209,782$4,135,410
92$7,175,154$1,909,527$1,159,743$4,403,221
93$7,813,601$1,909,675$1,105,175$4,695,861
94$8,514,226$1,906,887$1,045,836$5,015,883
95$9,283,280$1,900,927$981,475$5,366,105
96$10,127,646$1,891,544$911,826$5,749,637
97$11,054,908$1,878,471$836,614$6,169,913
98$12,073,419$1,861,427$755,551$6,630,721
99$13,192,382$1,840,111$668,336$7,136,245
100$14,421,934$1,814,207$574,655$7,691,100