Can I retire at age 73 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$128,823$127,676$126,556$125,464$124,397$123,820
2 years$63,774$62,586$61,435$60,319$59,236$58,655
3 years$42,094$40,901$39,753$38,647$37,582$37,013
4 years$31,256$30,066$28,930$27,843$26,804$26,252
5 years$24,754$23,572$22,451$21,386$20,376$19,842
6 years$20,422$19,249$18,143$17,103$16,123$15,609
7 years$17,328$16,165$15,077$14,061$13,112$12,617
8 years$15,009$13,856$12,787$11,795$10,878$10,403
9 years$13,206$12,064$11,013$10,047$9,161$8,705
10 years$11,765$10,634$9,602$8,661$7,805$7,369
11 years$10,586$9,467$8,453$7,537$6,713$6,296
12 years$9,605$8,497$7,502$6,611$5,817$5,419
13 years$8,775$7,679$6,702$5,837$5,073$4,692
14 years$8,065$6,980$6,022$5,181$4,447$4,084
15 years$7,449$6,376$5,437$4,621$3,915$3,570
16 years$6,911$5,850$4,930$4,137$3,460$3,132
17 years$6,437$5,388$4,486$3,717$3,068$2,757
18 years$6,016$4,979$4,095$3,350$2,728$2,432
19 years$5,640$4,614$3,749$3,027$2,432$2,151
20 years$5,302$4,288$3,440$2,742$2,172$1,907
21 years$4,996$3,994$3,164$2,488$1,944$1,693
22 years$4,719$3,728$2,917$2,262$1,742$1,505
23 years$4,466$3,487$2,693$2,060$1,564$1,340
24 years$4,235$3,267$2,491$1,879$1,406$1,194
25 years$4,022$3,066$2,307$1,716$1,265$1,066
26 years$3,826$2,881$2,139$1,569$1,139$952
27 years$3,645$2,712$1,987$1,436$1,027$851
28 years$3,477$2,555$1,847$1,316$927$761
29 years$3,321$2,411$1,719$1,207$837$681
30 years$3,175$2,276$1,601$1,108$756$610
31 years$3,040$2,152$1,492$1,017$684$547
32 years$2,913$2,036$1,392$935$618$490
33 years$2,794$1,928$1,300$860$560$440
34 years$2,682$1,828$1,215$791$507$395
35 years$2,577$1,733$1,136$728$459$354
36 years$2,478$1,645$1,062$671$416$318
37 years$2,384$1,563$994$618$377$286
38 years$2,296$1,485$931$569$342$256
39 years$2,212$1,412$872$525$310$230
40 years$2,133$1,344$818$484$281$207
41 years$2,058$1,279$767$447$255$186
42 years$1,986$1,218$719$412$231$167
43 years$1,918$1,161$675$381$210$150
44 years$1,854$1,106$634$351$191$135
45 years$1,792$1,055$595$325$173$122
46 years$1,733$1,006$559$300$157$109
47 years$1,677$960$525$277$143$98
48 years$1,623$917$493$256$130$88
49 years$1,572$875$464$237$118$80
50 years$1,523$836$436$219$107$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,560,000, adding $4,015 every year, while hoping to spend $55,835 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: 65/17/18 Blend
72$1,560,000$1,560,000$1,560,000$1,560,000
73$1,723,261$1,640,581$1,616,401$1,827,302
74$1,839,626$1,661,562$1,611,143$1,918,543
75$1,965,989$1,681,699$1,603,837$2,011,440
76$2,103,310$1,700,893$1,594,356$2,111,618
77$2,252,647$1,719,036$1,582,566$2,219,790
78$2,415,162$1,736,014$1,568,327$2,336,745
79$2,592,135$1,751,705$1,551,493$2,463,348
80$2,784,975$1,765,981$1,531,910$2,600,558
81$2,995,230$1,778,701$1,509,416$2,749,429
82$3,224,606$1,789,720$1,483,844$2,911,127
83$3,474,980$1,798,880$1,455,017$3,086,934
84$3,748,418$1,806,016$1,422,750$3,278,267
85$4,047,195$1,810,949$1,386,851$3,486,688
86$4,373,815$1,813,492$1,347,117$3,713,920
87$4,731,035$1,813,444$1,303,336$3,961,863
88$5,121,892$1,810,593$1,255,289$4,232,613
89$5,549,726$1,804,714$1,202,742$4,528,480
90$6,018,220$1,795,567$1,145,456$4,852,014
91$6,531,427$1,782,898$1,083,177$5,206,027
92$7,093,810$1,766,437$1,015,641$5,593,619
93$7,710,285$1,745,900$942,572$6,018,209
94$8,386,268$1,720,983$863,682$6,483,568
95$9,127,722$1,691,365$778,669$6,993,855
96$9,941,214$1,656,707$687,220$7,553,656
97$10,833,980$1,616,648$589,004$8,168,028
98$11,813,990$1,570,807$483,679$8,842,549
99$12,890,021$1,518,781$370,886$9,583,367
100$14,071,744$1,460,142$250,252$10,397,264