Can I retire at age 73 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$138,733$137,497$136,291$135,115$133,966$133,121
2 years$68,680$67,401$66,161$64,959$63,793$62,942
3 years$45,332$44,047$42,810$41,620$40,473$39,640
4 years$33,660$32,379$31,155$29,985$28,866$28,058
5 years$26,659$25,386$24,178$23,031$21,943$21,164
6 years$21,993$20,729$19,539$18,418$17,363$16,612
7 years$18,661$17,408$16,237$15,143$14,121$13,399
8 years$16,164$14,922$13,770$12,703$11,714$11,022
9 years$14,222$12,993$11,860$10,820$9,865$9,202
10 years$12,670$11,452$10,340$9,327$8,406$7,771
11 years$11,401$10,195$9,103$8,117$7,229$6,623
12 years$10,344$9,151$8,079$7,120$6,265$5,686
13 years$9,450$8,270$7,218$6,286$5,463$4,912
14 years$8,685$7,517$6,485$5,580$4,789$4,264
15 years$8,022$6,867$5,855$4,976$4,216$3,717
16 years$7,443$6,300$5,309$4,456$3,726$3,252
17 years$6,932$5,802$4,831$4,003$3,304$2,854
18 years$6,479$5,361$4,410$3,608$2,938$2,512
19 years$6,074$4,969$4,037$3,260$2,619$2,215
20 years$5,710$4,617$3,705$2,953$2,339$1,958
21 years$5,381$4,301$3,408$2,680$2,093$1,733
22 years$5,082$4,015$3,141$2,436$1,876$1,536
23 years$4,810$3,755$2,900$2,219$1,684$1,364
24 years$4,560$3,518$2,682$2,024$1,514$1,212
25 years$4,331$3,302$2,484$1,848$1,362$1,078
26 years$4,120$3,103$2,304$1,690$1,227$960
27 years$3,925$2,920$2,139$1,547$1,106$855
28 years$3,744$2,752$1,989$1,417$998$763
29 years$3,576$2,596$1,851$1,300$901$681
30 years$3,420$2,452$1,724$1,193$814$608
31 years$3,274$2,318$1,607$1,095$736$543
32 years$3,137$2,193$1,500$1,007$666$485
33 years$3,009$2,077$1,400$926$603$434
34 years$2,888$1,968$1,308$852$546$388
35 years$2,775$1,867$1,223$784$494$347
36 years$2,668$1,772$1,144$722$448$310
37 years$2,567$1,683$1,071$665$406$278
38 years$2,472$1,599$1,003$613$368$249
39 years$2,382$1,521$940$565$334$223
40 years$2,297$1,447$881$522$303$199
41 years$2,216$1,377$826$481$275$179
42 years$2,139$1,312$775$444$249$160
43 years$2,066$1,250$727$410$226$143
44 years$1,996$1,191$682$379$205$128
45 years$1,930$1,136$641$350$186$115
46 years$1,866$1,084$602$323$169$103
47 years$1,806$1,034$565$298$154$92
48 years$1,748$987$531$276$140$83
49 years$1,693$943$499$255$127$74
50 years$1,640$901$469$235$115$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,680,000, adding $6,467 every year, while hoping to spend $45,241 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: 47/27/26 Blend
72$1,680,000$1,680,000$1,680,000$1,680,000
73$1,858,031$1,768,991$1,742,951$1,931,262
74$1,999,414$1,807,535$1,753,203$2,021,992
75$2,153,702$1,846,452$1,762,283$2,115,472
76$2,322,163$1,885,712$1,770,104$2,216,055
77$2,506,194$1,925,282$1,776,572$2,324,430
78$2,707,332$1,965,127$1,781,594$2,441,358
79$2,927,269$2,005,208$1,785,067$2,567,678
80$3,167,869$2,045,482$1,786,885$2,704,314
81$3,431,185$2,085,903$1,786,938$2,852,286
82$3,719,474$2,126,421$1,785,109$3,012,718
83$4,035,226$2,166,981$1,781,276$3,186,852
84$4,381,180$2,207,524$1,775,310$3,376,055
85$4,760,353$2,247,986$1,767,076$3,581,836
86$5,176,070$2,288,297$1,756,433$3,805,859
87$5,631,989$2,328,384$1,743,234$4,049,959
88$6,132,143$2,368,166$1,727,324$4,316,160
89$6,680,972$2,407,557$1,708,540$4,606,693
90$7,283,368$2,446,464$1,686,712$4,924,021
91$7,944,717$2,484,786$1,661,662$5,270,857
92$8,670,954$2,522,417$1,633,204$5,650,195
93$9,468,618$2,559,242$1,601,144$6,065,337
94$10,344,911$2,595,138$1,565,275$6,519,924
95$11,307,766$2,629,974$1,525,386$7,017,970
96$12,365,923$2,663,608$1,481,252$7,563,902
97$13,529,013$2,695,891$1,432,640$8,162,603
98$14,807,644$2,726,661$1,379,304$8,819,457
99$16,213,503$2,755,747$1,320,990$9,540,399
100$17,759,468$2,782,965$1,257,431$10,331,976