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

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$129,649$128,494$127,368$126,268$125,194$121,090
2 years$64,183$62,987$61,829$60,706$59,616$55,520
3 years$42,363$41,163$40,007$38,895$37,823$33,864
4 years$31,456$30,259$29,115$28,021$26,976$23,184
5 years$24,913$23,724$22,595$21,523$20,506$16,892
6 years$20,553$19,372$18,260$17,212$16,226$12,792
7 years$17,439$16,269$15,174$14,151$13,196$9,942
8 years$15,105$13,945$12,869$11,871$10,947$7,871
9 years$13,291$12,142$11,084$10,111$9,219$6,317
10 years$11,840$10,702$9,663$8,716$7,855$5,123
11 years$10,654$9,528$8,507$7,586$6,756$4,188
12 years$9,667$8,552$7,550$6,654$5,854$3,445
13 years$8,831$7,728$6,745$5,874$5,105$2,848
14 years$8,116$7,025$6,061$5,214$4,475$2,365
15 years$7,497$6,417$5,472$4,650$3,940$1,970
16 years$6,956$5,888$4,961$4,164$3,482$1,645
17 years$6,479$5,422$4,515$3,741$3,088$1,377
18 years$6,055$5,010$4,121$3,372$2,746$1,155
19 years$5,676$4,644$3,773$3,047$2,447$970
20 years$5,336$4,315$3,462$2,759$2,186$816
21 years$5,028$4,019$3,185$2,504$1,956$687
22 years$4,749$3,752$2,935$2,277$1,753$579
23 years$4,495$3,509$2,710$2,074$1,574$488
24 years$4,262$3,288$2,506$1,891$1,415$412
25 years$4,048$3,085$2,321$1,727$1,273$348
26 years$3,850$2,900$2,153$1,579$1,147$294
27 years$3,668$2,729$1,999$1,446$1,034$248
28 years$3,499$2,572$1,859$1,324$933$210
29 years$3,342$2,426$1,730$1,215$842$177
30 years$3,196$2,291$1,611$1,115$761$150
31 years$3,059$2,166$1,502$1,024$688$127
32 years$2,931$2,049$1,401$941$622$107
33 years$2,812$1,941$1,308$865$563$91
34 years$2,699$1,839$1,223$796$510$77
35 years$2,593$1,745$1,143$733$462$65
36 years$2,494$1,656$1,069$675$419$55
37 years$2,399$1,573$1,001$622$379$47
38 years$2,310$1,495$937$573$344$39
39 years$2,226$1,421$878$528$312$33
40 years$2,146$1,352$823$487$283$28
41 years$2,071$1,287$772$450$257$24
42 years$1,999$1,226$724$415$233$20
43 years$1,930$1,168$679$383$211$17
44 years$1,865$1,113$638$354$192$15
45 years$1,803$1,062$599$327$174$12
46 years$1,744$1,013$562$302$158$10
47 years$1,688$967$528$279$144$9
48 years$1,634$923$496$258$130$7
49 years$1,582$881$467$238$118$6
50 years$1,533$842$439$220$108$5

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 $2,783 every year, while hoping to spend $57,509 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: 46/29/25 Blend
72$1,570,000$1,570,000$1,570,000$1,570,000
73$1,733,011$1,649,801$1,625,466$1,800,164
74$1,848,589$1,669,452$1,618,730$1,867,443
75$1,974,028$1,688,138$1,609,840$1,934,552
76$2,110,274$1,705,752$1,598,665$2,006,227
77$2,258,367$1,722,179$1,585,065$2,082,924
78$2,419,449$1,737,294$1,568,894$2,165,147
79$2,594,780$1,750,969$1,549,999$2,253,455
80$2,785,744$1,763,063$1,528,220$2,348,467
81$2,993,864$1,773,427$1,503,390$2,450,866
82$3,220,818$1,781,905$1,475,333$2,561,410
83$3,468,451$1,788,328$1,443,866$2,680,936
84$3,738,794$1,792,517$1,408,797$2,810,369
85$4,034,085$1,794,284$1,369,925$2,950,734
86$4,356,783$1,793,426$1,327,040$3,103,163
87$4,709,601$1,789,729$1,279,921$3,268,909
88$5,095,521$1,782,967$1,228,340$3,449,355
89$5,517,829$1,772,898$1,172,054$3,646,033
90$5,980,144$1,759,266$1,110,815$3,860,633
91$6,486,450$1,741,801$1,044,357$4,095,026
92$7,041,132$1,720,214$972,408$4,351,275
93$7,649,024$1,694,201$894,680$4,631,666
94$8,315,446$1,663,438$810,874$4,938,718
95$9,046,260$1,627,584$720,676$5,275,219
96$9,847,919$1,586,277$623,759$5,644,247
97$10,727,535$1,539,132$519,783$6,049,199
98$11,692,937$1,485,744$408,390$6,493,832
99$12,752,753$1,425,682$289,208$6,982,291
100$13,916,486$1,358,492$161,847$7,519,155