Can I retire at age 73 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$129,649$128,494$127,368$126,268$125,194$122,566
2 years$64,183$62,987$61,829$60,706$59,616$56,981
3 years$42,363$41,163$40,007$38,895$37,823$35,263
4 years$31,456$30,259$29,115$28,021$26,976$24,510
5 years$24,913$23,724$22,595$21,523$20,506$18,142
6 years$20,553$19,372$18,260$17,212$16,226$13,966
7 years$17,439$16,269$15,174$14,151$13,196$11,041
8 years$15,105$13,945$12,869$11,871$10,947$8,896
9 years$13,291$12,142$11,084$10,111$9,219$7,271
10 years$11,840$10,702$9,663$8,716$7,855$6,007
11 years$10,654$9,528$8,507$7,586$6,756$5,006
12 years$9,667$8,552$7,550$6,654$5,854$4,200
13 years$8,831$7,728$6,745$5,874$5,105$3,544
14 years$8,116$7,025$6,061$5,214$4,475$3,003
15 years$7,497$6,417$5,472$4,650$3,940$2,555
16 years$6,956$5,888$4,961$4,164$3,482$2,180
17 years$6,479$5,422$4,515$3,741$3,088$1,865
18 years$6,055$5,010$4,121$3,372$2,746$1,600
19 years$5,676$4,644$3,773$3,047$2,447$1,374
20 years$5,336$4,315$3,462$2,759$2,186$1,182
21 years$5,028$4,019$3,185$2,504$1,956$1,019
22 years$4,749$3,752$2,935$2,277$1,753$879
23 years$4,495$3,509$2,710$2,074$1,574$759
24 years$4,262$3,288$2,506$1,891$1,415$656
25 years$4,048$3,085$2,321$1,727$1,273$567
26 years$3,850$2,900$2,153$1,579$1,147$491
27 years$3,668$2,729$1,999$1,446$1,034$425
28 years$3,499$2,572$1,859$1,324$933$368
29 years$3,342$2,426$1,730$1,215$842$319
30 years$3,196$2,291$1,611$1,115$761$276
31 years$3,059$2,166$1,502$1,024$688$240
32 years$2,931$2,049$1,401$941$622$208
33 years$2,812$1,941$1,308$865$563$180
34 years$2,699$1,839$1,223$796$510$156
35 years$2,593$1,745$1,143$733$462$136
36 years$2,494$1,656$1,069$675$419$118
37 years$2,399$1,573$1,001$622$379$102
38 years$2,310$1,495$937$573$344$89
39 years$2,226$1,421$878$528$312$77
40 years$2,146$1,352$823$487$283$67
41 years$2,071$1,287$772$450$257$58
42 years$1,999$1,226$724$415$233$51
43 years$1,930$1,168$679$383$211$44
44 years$1,865$1,113$638$354$192$38
45 years$1,803$1,062$599$327$174$33
46 years$1,744$1,013$562$302$158$29
47 years$1,688$967$528$279$144$25
48 years$1,634$923$496$258$130$22
49 years$1,582$881$467$238$118$19
50 years$1,533$842$439$220$108$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,570,000, adding $4,519 every year, while hoping to spend $48,662 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: 25/48/27 Blend
72$1,570,000$1,570,000$1,570,000$1,570,000
73$1,734,801$1,651,591$1,627,256$1,763,354
74$1,859,975$1,680,743$1,629,993$1,816,559
75$1,996,286$1,709,693$1,631,191$1,869,118
76$2,144,818$1,738,379$1,630,747$1,924,456
77$2,306,764$1,766,735$1,628,552$1,982,839
78$2,483,440$1,794,690$1,624,494$2,044,560
79$2,676,290$1,822,169$1,618,454$2,109,948
80$2,886,906$1,849,090$1,610,307$2,179,366
81$3,117,040$1,875,365$1,599,922$2,253,214
82$3,368,622$1,900,902$1,587,163$2,331,940
83$3,643,775$1,925,599$1,571,887$2,416,039
84$3,944,837$1,949,351$1,553,942$2,506,059
85$4,274,384$1,972,043$1,533,173$2,602,609
86$4,635,251$1,993,552$1,509,413$2,706,361
87$5,030,560$2,013,749$1,482,492$2,818,063
88$5,463,749$2,032,495$1,452,228$2,938,543
89$5,938,606$2,049,642$1,418,432$3,068,715
90$6,459,301$2,065,032$1,380,907$3,209,595
91$7,030,428$2,078,497$1,339,446$3,362,307
92$7,657,047$2,089,859$1,293,832$3,528,094
93$8,344,731$2,098,927$1,243,841$3,708,332
94$9,099,619$2,105,500$1,189,235$3,904,547
95$9,928,473$2,109,362$1,129,767$4,118,422
96$10,838,741$2,110,285$1,065,178$4,351,824
97$11,838,630$2,108,026$995,199$4,606,817
98$12,937,180$2,102,329$919,547$4,885,681
99$14,144,348$2,092,919$837,928$5,190,942
100$15,471,106$2,079,506$750,033$5,525,389