Can I retire at age 73 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$136,255$135,042$133,858$132,702$131,573$130,037
2 years$67,453$66,197$64,979$63,799$62,654$61,108
3 years$44,522$43,260$42,046$40,877$39,750$38,242
4 years$33,059$31,801$30,599$29,449$28,350$26,891
5 years$26,183$24,932$23,746$22,620$21,551$20,146
6 years$21,600$20,359$19,190$18,089$17,053$15,703
7 years$18,328$17,098$15,947$14,872$13,869$12,575
8 years$15,875$14,656$13,524$12,476$11,505$10,268
9 years$13,968$12,761$11,649$10,627$9,689$8,507
10 years$12,444$11,248$10,156$9,160$8,256$7,128
11 years$11,197$10,013$8,941$7,972$7,100$6,027
12 years$10,159$8,987$7,935$6,993$6,153$5,132
13 years$9,281$8,122$7,089$6,174$5,365$4,396
14 years$8,530$7,383$6,370$5,480$4,703$3,784
15 years$7,879$6,744$5,751$4,887$4,141$3,270
16 years$7,310$6,188$5,214$4,376$3,660$2,836
17 years$6,809$5,699$4,745$3,932$3,245$2,466
18 years$6,363$5,266$4,331$3,543$2,885$2,150
19 years$5,966$4,880$3,965$3,202$2,572$1,879
20 years$5,608$4,535$3,639$2,900$2,297$1,644
21 years$5,285$4,224$3,347$2,632$2,056$1,442
22 years$4,991$3,943$3,085$2,393$1,843$1,266
23 years$4,724$3,688$2,848$2,179$1,654$1,112
24 years$4,479$3,455$2,634$1,988$1,487$979
25 years$4,254$3,243$2,440$1,815$1,338$862
26 years$4,047$3,048$2,263$1,660$1,205$760
27 years$3,855$2,868$2,101$1,519$1,086$670
28 years$3,677$2,703$1,953$1,392$980$591
29 years$3,512$2,550$1,818$1,276$885$522
30 years$3,359$2,408$1,693$1,171$800$461
31 years$3,215$2,276$1,578$1,076$723$408
32 years$3,081$2,154$1,473$989$654$360
33 years$2,955$2,040$1,375$909$592$319
34 years$2,837$1,933$1,285$837$536$282
35 years$2,725$1,834$1,201$770$485$249
36 years$2,621$1,740$1,124$709$440$221
37 years$2,522$1,653$1,052$653$399$195
38 years$2,428$1,571$985$602$361$173
39 years$2,340$1,494$923$555$328$153
40 years$2,256$1,421$865$512$297$136
41 years$2,176$1,353$811$473$270$120
42 years$2,101$1,288$761$436$245$106
43 years$2,029$1,228$714$403$222$94
44 years$1,960$1,170$670$372$202$84
45 years$1,895$1,116$629$343$183$74
46 years$1,833$1,064$591$317$166$66
47 years$1,774$1,016$555$293$151$58
48 years$1,717$970$522$271$137$51
49 years$1,663$926$490$250$124$46
50 years$1,611$885$461$231$113$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,650,000, adding $2,777 every year, while hoping to spend $30,762 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: 32/47/21 Blend
72$1,650,000$1,650,000$1,650,000$1,650,000
73$1,821,164$1,733,714$1,708,139$1,867,535
74$1,974,193$1,785,936$1,732,632$1,954,793
75$2,141,799$1,839,685$1,756,913$2,045,733
76$2,325,437$1,895,005$1,780,945$2,143,047
77$2,526,710$1,951,938$1,804,684$2,247,315
78$2,747,381$2,010,529$1,828,088$2,359,170
79$2,989,393$2,070,825$1,851,108$2,479,310
80$3,254,886$2,132,870$1,873,695$2,608,502
81$3,546,218$2,196,714$1,895,798$2,747,589
82$3,865,985$2,262,406$1,917,359$2,897,499
83$4,217,046$2,329,995$1,938,322$3,059,253
84$4,602,553$2,399,533$1,958,624$3,233,974
85$5,025,976$2,471,072$1,978,200$3,422,898
86$5,491,137$2,544,666$1,996,982$3,627,384
87$6,002,249$2,620,371$2,014,897$3,848,929
88$6,563,952$2,698,243$2,031,869$4,089,181
89$7,181,356$2,778,338$2,047,818$4,349,954
90$7,860,095$2,860,716$2,062,660$4,633,243
91$8,606,371$2,945,438$2,076,305$4,941,248
92$9,427,020$3,032,564$2,088,661$5,276,389
93$10,329,574$3,122,157$2,099,629$5,641,331
94$11,322,329$3,214,282$2,109,106$6,039,010
95$12,414,429$3,309,004$2,116,983$6,472,658
96$13,615,945$3,406,390$2,123,146$6,945,837
97$14,937,977$3,506,508$2,127,476$7,462,467
98$16,392,751$3,609,427$2,129,848$8,026,868
99$17,993,742$3,715,220$2,130,128$8,643,797
100$19,755,795$3,823,957$2,128,179$9,318,495