Can I retire at age 73 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$137,081$135,860$134,669$133,506$132,371$130,608
2 years$67,862$66,598$65,373$64,186$63,034$61,261
3 years$44,792$43,523$42,301$41,124$39,991$38,263
4 years$33,259$31,994$30,784$29,628$28,522$26,852
5 years$26,341$25,083$23,890$22,757$21,682$20,075
6 years$21,731$20,483$19,306$18,199$17,156$15,614
7 years$18,439$17,201$16,044$14,962$13,953$12,476
8 years$15,971$14,745$13,606$12,552$11,575$10,163
9 years$14,053$12,838$11,719$10,691$9,748$8,401
10 years$12,519$11,316$10,217$9,216$8,306$7,022
11 years$11,265$10,074$8,995$8,021$7,143$5,922
12 years$10,221$9,042$7,983$7,035$6,190$5,030
13 years$9,338$8,171$7,132$6,211$5,398$4,297
14 years$8,582$7,427$6,408$5,513$4,732$3,689
15 years$7,927$6,785$5,786$4,917$4,166$3,179
16 years$7,354$6,225$5,246$4,403$3,682$2,750
17 years$6,850$5,733$4,773$3,956$3,265$2,385
18 years$6,402$5,298$4,357$3,565$2,903$2,073
19 years$6,002$4,910$3,989$3,221$2,587$1,806
20 years$5,642$4,562$3,661$2,917$2,311$1,576
21 years$5,317$4,250$3,367$2,648$2,068$1,378
22 years$5,021$3,967$3,104$2,407$1,854$1,206
23 years$4,752$3,710$2,866$2,192$1,664$1,057
24 years$4,506$3,476$2,650$2,000$1,496$927
25 years$4,280$3,262$2,455$1,826$1,346$814
26 years$4,071$3,066$2,276$1,670$1,212$715
27 years$3,878$2,885$2,114$1,528$1,093$628
28 years$3,700$2,719$1,965$1,400$986$553
29 years$3,534$2,565$1,829$1,284$891$487
30 years$3,379$2,422$1,703$1,179$805$428
31 years$3,235$2,290$1,588$1,082$728$377
32 years$3,099$2,167$1,482$995$658$332
33 years$2,973$2,052$1,383$915$596$293
34 years$2,854$1,945$1,293$842$539$258
35 years$2,742$1,845$1,208$775$488$228
36 years$2,636$1,751$1,131$714$443$201
37 years$2,537$1,663$1,058$657$401$177
38 years$2,443$1,580$991$606$364$156
39 years$2,354$1,503$928$559$330$138
40 years$2,269$1,430$870$515$299$122
41 years$2,189$1,361$816$475$271$108
42 years$2,113$1,296$765$439$246$95
43 years$2,041$1,235$718$405$223$84
44 years$1,972$1,177$674$374$203$74
45 years$1,907$1,123$633$345$184$65
46 years$1,844$1,071$595$319$167$58
47 years$1,785$1,022$559$295$152$51
48 years$1,727$976$525$272$138$45
49 years$1,673$932$493$252$125$40
50 years$1,621$890$464$233$114$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,660,000, adding $5,666 every year, while hoping to spend $22,775 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: 41/35/24 Blend
72$1,660,000$1,660,000$1,660,000$1,660,000
73$1,835,164$1,747,184$1,721,454$1,897,241
74$1,998,119$1,808,564$1,754,891$2,003,711
75$2,176,931$1,872,188$1,788,684$2,116,295
76$2,373,195$1,938,142$1,822,822$2,237,706
77$2,588,666$2,006,516$1,857,291$2,368,768
78$2,825,277$2,077,402$1,892,077$2,510,384
79$3,085,158$2,150,898$1,927,165$2,663,548
80$3,370,655$2,227,103$1,962,536$2,829,354
81$3,684,354$2,306,123$1,998,173$3,009,002
82$4,029,102$2,388,067$2,034,055$3,203,816
83$4,408,035$2,473,047$2,070,162$3,415,247
84$4,824,611$2,561,183$2,106,468$3,644,897
85$5,282,637$2,652,596$2,142,950$3,894,523
86$5,786,308$2,747,415$2,179,581$4,166,062
87$6,340,245$2,845,773$2,216,331$4,461,644
88$6,949,542$2,947,808$2,253,170$4,783,613
89$7,619,809$3,053,664$2,290,065$5,134,548
90$8,357,228$3,163,491$2,326,980$5,517,290
91$9,168,609$3,277,446$2,363,878$5,934,963
92$10,061,458$3,395,692$2,400,719$6,391,009
93$11,044,044$3,518,398$2,437,460$6,889,215
94$12,125,478$3,645,741$2,474,056$7,433,751
95$13,315,798$3,777,904$2,510,459$8,029,210
96$14,626,067$3,915,079$2,546,617$8,680,646
97$16,068,473$4,057,465$2,582,476$9,393,627
98$17,656,447$4,205,270$2,617,978$10,174,282
99$19,404,788$4,358,711$2,653,063$11,029,364
100$21,329,801$4,518,014$2,687,666$11,966,305