Can I retire at age 73 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$139,559$138,316$137,103$135,919$134,763$133,970
2 years$69,088$67,802$66,555$65,346$64,173$63,373
3 years$45,601$44,309$43,065$41,868$40,714$39,931
4 years$33,860$32,572$31,341$30,163$29,037$28,279
5 years$26,817$25,537$24,322$23,168$22,074$21,341
6 years$22,124$20,853$19,655$18,528$17,466$16,761
7 years$18,772$17,512$16,334$15,233$14,205$13,526
8 years$16,260$15,011$13,852$12,778$11,784$11,133
9 years$14,307$13,070$11,931$10,884$9,924$9,300
10 years$12,745$11,520$10,402$9,382$8,456$7,859
11 years$11,469$10,256$9,157$8,166$7,272$6,702
12 years$10,405$9,205$8,127$7,162$6,302$5,757
13 years$9,507$8,319$7,261$6,323$5,495$4,976
14 years$8,737$7,562$6,524$5,613$4,817$4,323
15 years$8,070$6,908$5,890$5,006$4,241$3,771
16 years$7,487$6,338$5,340$4,482$3,749$3,302
17 years$6,974$5,837$4,860$4,027$3,324$2,900
18 years$6,518$5,393$4,436$3,629$2,955$2,553
19 years$6,110$4,999$4,061$3,279$2,634$2,254
20 years$5,744$4,645$3,727$2,970$2,353$1,993
21 years$5,413$4,327$3,428$2,696$2,106$1,765
22 years$5,112$4,039$3,160$2,451$1,887$1,566
23 years$4,838$3,777$2,917$2,232$1,694$1,391
24 years$4,587$3,539$2,698$2,036$1,523$1,237
25 years$4,357$3,321$2,499$1,859$1,370$1,102
26 years$4,145$3,121$2,318$1,700$1,234$982
27 years$3,949$2,938$2,152$1,556$1,113$875
28 years$3,767$2,768$2,001$1,426$1,004$781
29 years$3,598$2,611$1,862$1,307$907$698
30 years$3,440$2,466$1,734$1,200$819$623
31 years$3,293$2,331$1,617$1,102$741$557
32 years$3,156$2,206$1,508$1,013$670$498
33 years$3,027$2,089$1,408$931$606$446
34 years$2,905$1,980$1,316$857$549$399
35 years$2,791$1,878$1,230$789$497$357
36 years$2,684$1,782$1,151$726$451$320
37 years$2,583$1,693$1,077$669$408$287
38 years$2,487$1,609$1,009$617$370$257
39 years$2,396$1,530$945$569$336$230
40 years$2,310$1,456$886$525$304$206
41 years$2,229$1,386$831$484$276$185
42 years$2,152$1,320$779$447$251$166
43 years$2,078$1,257$731$412$227$149
44 years$2,008$1,198$686$381$206$133
45 years$1,941$1,143$644$352$187$120
46 years$1,878$1,090$605$325$170$107
47 years$1,817$1,040$569$300$155$96
48 years$1,759$993$534$277$140$86
49 years$1,703$948$502$256$127$77
50 years$1,650$906$472$237$116$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,690,000, adding $6,419 every year, while hoping to spend $49,567 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: 46/41/13 Blend
72$1,690,000$1,690,000$1,690,000$1,690,000
73$1,869,001$1,779,431$1,753,236$1,947,833
74$2,006,900$1,813,884$1,759,231$2,037,597
75$2,157,204$1,848,365$1,763,765$2,129,346
76$2,321,125$1,882,821$1,766,737$2,227,782
77$2,499,999$1,917,198$1,768,041$2,333,543
78$2,695,294$1,951,436$1,767,566$2,447,333
79$2,908,628$1,985,471$1,765,194$2,569,931
80$3,141,783$2,019,233$1,760,803$2,702,191
81$3,396,719$2,052,649$1,754,264$2,845,059
82$3,675,594$2,085,639$1,745,441$2,999,577
83$3,980,785$2,118,116$1,734,194$3,166,893
84$4,314,909$2,149,988$1,720,374$3,348,275
85$4,680,849$2,181,156$1,703,825$3,545,121
86$5,081,778$2,211,515$1,684,386$3,758,972
87$5,521,191$2,240,951$1,661,885$3,991,528
88$6,002,938$2,269,344$1,636,144$4,244,666
89$6,531,259$2,296,563$1,606,976$4,520,453
90$7,110,824$2,322,470$1,574,185$4,821,171
91$7,746,775$2,346,919$1,537,568$5,149,338
92$8,444,778$2,369,750$1,496,909$5,507,728
93$9,211,075$2,390,797$1,451,984$5,899,402
94$10,052,539$2,409,881$1,402,561$6,327,738
95$10,976,744$2,426,811$1,348,392$6,796,460
96$11,992,031$2,441,384$1,289,222$7,309,675
97$13,107,591$2,453,384$1,224,784$7,871,912
98$14,333,547$2,462,582$1,154,796$8,488,169
99$15,681,054$2,468,733$1,078,967$9,163,954
100$17,162,400$2,471,579$996,990$9,905,345