Can I retire at age 73 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$124,694$123,584$122,500$121,442$120,410$119,651
2 years$61,730$60,580$59,466$58,386$57,338$56,572
3 years$40,744$39,590$38,478$37,408$36,377$35,629
4 years$30,254$29,103$28,002$26,951$25,945$25,219
5 years$23,961$22,817$21,731$20,701$19,723$19,022
6 years$19,767$18,632$17,562$16,554$15,606$14,931
7 years$16,773$15,647$14,594$13,610$12,692$12,043
8 years$14,528$13,412$12,377$11,417$10,529$9,907
9 years$12,783$11,678$10,660$9,725$8,867$8,271
10 years$11,388$10,293$9,294$8,383$7,555$6,985
11 years$10,247$9,164$8,182$7,296$6,498$5,953
12 years$9,297$8,225$7,261$6,399$5,631$5,111
13 years$8,494$7,433$6,488$5,650$4,910$4,415
14 years$7,806$6,756$5,829$5,015$4,304$3,832
15 years$7,211$6,172$5,263$4,473$3,790$3,341
16 years$6,690$5,663$4,772$4,005$3,349$2,923
17 years$6,231$5,215$4,342$3,598$2,970$2,566
18 years$5,823$4,819$3,964$3,243$2,641$2,258
19 years$5,459$4,466$3,629$2,930$2,354$1,991
20 years$5,132$4,150$3,330$2,654$2,102$1,759
21 years$4,836$3,866$3,063$2,408$1,881$1,557
22 years$4,568$3,608$2,823$2,190$1,686$1,381
23 years$4,323$3,375$2,607$1,994$1,514$1,226
24 years$4,099$3,162$2,411$1,819$1,361$1,089
25 years$3,893$2,967$2,233$1,661$1,224$969
26 years$3,703$2,789$2,071$1,519$1,103$863
27 years$3,528$2,625$1,923$1,390$994$769
28 years$3,365$2,473$1,788$1,274$897$686
29 years$3,214$2,333$1,664$1,168$810$612
30 years$3,074$2,204$1,549$1,072$732$546
31 years$2,942$2,083$1,445$985$662$488
32 years$2,819$1,971$1,348$905$599$436
33 years$2,704$1,867$1,258$832$542$390
34 years$2,596$1,769$1,176$766$491$348
35 years$2,494$1,678$1,099$705$444$312
36 years$2,398$1,593$1,028$649$403$279
37 years$2,308$1,513$963$598$365$250
38 years$2,222$1,438$901$551$331$223
39 years$2,141$1,367$844$508$300$200
40 years$2,064$1,301$792$469$272$179
41 years$1,992$1,238$742$433$247$160
42 years$1,922$1,179$696$399$224$144
43 years$1,857$1,123$653$368$203$129
44 years$1,794$1,071$613$340$184$115
45 years$1,734$1,021$576$314$167$103
46 years$1,678$974$541$290$152$93
47 years$1,623$930$508$268$138$83
48 years$1,571$887$477$248$125$74
49 years$1,522$847$449$229$114$67
50 years$1,474$809$422$212$103$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,510,000, adding $6,684 every year, while hoping to spend $48,632 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: 58/17/25 Blend
72$1,510,000$1,510,000$1,510,000$1,510,000
73$1,670,915$1,590,885$1,567,480$1,756,159
74$1,789,604$1,617,094$1,568,246$1,841,341
75$1,918,769$1,642,957$1,567,408$1,928,418
76$2,059,429$1,668,407$1,564,861$2,022,329
77$2,212,701$1,693,369$1,560,494$2,123,749
78$2,379,818$1,717,766$1,554,193$2,233,422
79$2,562,136$1,741,513$1,545,834$2,352,168
80$2,761,146$1,764,520$1,535,293$2,480,891
81$2,978,493$1,786,691$1,522,435$2,620,591
82$3,215,984$1,807,924$1,507,121$2,772,369
83$3,475,610$1,828,108$1,489,205$2,937,440
84$3,759,563$1,847,126$1,468,535$3,117,146
85$4,070,257$1,864,854$1,444,949$3,312,965
86$4,410,349$1,881,157$1,418,280$3,526,529
87$4,782,765$1,895,895$1,388,354$3,759,638
88$5,190,729$1,908,915$1,354,985$4,014,277
89$5,637,788$1,920,057$1,317,982$4,292,637
90$6,127,853$1,929,150$1,277,145$4,597,134
91$6,665,226$1,936,011$1,232,262$4,930,431
92$7,254,651$1,940,447$1,183,114$5,295,470
93$7,901,348$1,942,251$1,129,471$5,695,491
94$8,611,070$1,941,206$1,071,092$6,134,069
95$9,390,152$1,937,079$1,007,728$6,615,150
96$10,245,575$1,929,623$939,114$7,143,082
97$11,185,027$1,918,577$864,977$7,722,661
98$12,216,976$1,903,664$785,030$8,359,178
99$13,350,753$1,884,589$698,974$9,058,467
100$14,596,635$1,861,039$606,495$9,826,960