Can I retire at age 73 with 1,700,000?

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$140,384$139,134$137,914$136,723$135,560$133,150
2 years$69,497$68,203$66,949$65,732$64,553$62,133
3 years$45,871$44,571$43,320$42,115$40,955$38,600
4 years$34,061$32,765$31,526$30,342$29,209$26,939
5 years$26,976$25,688$24,465$23,305$22,204$20,024
6 years$22,255$20,976$19,772$18,637$17,570$15,482
7 years$18,883$17,616$16,430$15,323$14,289$12,294
8 years$16,356$15,100$13,934$12,854$11,854$9,952
9 years$14,392$13,147$12,002$10,949$9,983$8,173
10 years$12,821$11,589$10,463$9,438$8,506$6,786
11 years$11,537$10,317$9,212$8,214$7,315$5,683
12 years$10,467$9,260$8,175$7,205$6,339$4,793
13 years$9,563$8,368$7,304$6,361$5,528$4,066
14 years$8,788$7,606$6,563$5,646$4,846$3,464
15 years$8,118$6,949$5,925$5,035$4,267$2,964
16 years$7,532$6,375$5,372$4,509$3,771$2,543
17 years$7,015$5,871$4,888$4,051$3,343$2,188
18 years$6,556$5,425$4,462$3,651$2,973$1,888
19 years$6,146$5,028$4,085$3,299$2,650$1,631
20 years$5,778$4,672$3,749$2,988$2,367$1,412
21 years$5,445$4,352$3,448$2,712$2,118$1,224
22 years$5,142$4,063$3,178$2,465$1,899$1,062
23 years$4,867$3,800$2,935$2,245$1,704$923
24 years$4,615$3,560$2,714$2,048$1,532$803
25 years$4,383$3,341$2,514$1,870$1,378$699
26 years$4,169$3,140$2,331$1,710$1,242$608
27 years$3,972$2,955$2,165$1,565$1,119$530
28 years$3,789$2,784$2,013$1,434$1,010$462
29 years$3,619$2,627$1,873$1,315$912$403
30 years$3,460$2,481$1,744$1,207$824$352
31 years$3,313$2,345$1,626$1,108$745$307
32 years$3,174$2,219$1,517$1,019$674$268
33 years$3,044$2,101$1,417$937$610$234
34 years$2,923$1,992$1,324$862$552$205
35 years$2,808$1,889$1,238$793$500$179
36 years$2,700$1,793$1,158$731$453$156
37 years$2,598$1,703$1,084$673$411$136
38 years$2,502$1,618$1,015$621$372$119
39 years$2,411$1,539$951$572$338$104
40 years$2,324$1,464$891$528$306$91
41 years$2,242$1,394$836$487$278$80
42 years$2,164$1,327$784$449$252$70
43 years$2,090$1,265$736$415$229$61
44 years$2,020$1,206$690$383$208$53
45 years$1,953$1,150$648$354$189$47
46 years$1,889$1,097$609$327$171$41
47 years$1,828$1,047$572$302$155$36
48 years$1,769$999$538$279$141$31
49 years$1,713$954$505$258$128$27
50 years$1,660$911$475$238$116$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,700,000, adding $5,606 every year, while hoping to spend $47,607 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: 42/41/17 Blend
72$1,700,000$1,700,000$1,700,000$1,700,000
73$1,879,183$1,789,083$1,762,733$1,948,534
74$2,020,206$1,826,094$1,771,131$2,035,072
75$2,174,018$1,863,324$1,778,214$2,123,628
76$2,341,873$1,900,732$1,783,890$2,218,517
77$2,525,151$1,938,275$1,788,057$2,320,341
78$2,725,373$1,975,907$1,790,614$2,429,766
79$2,944,210$2,013,576$1,791,449$2,547,525
80$3,183,507$2,051,228$1,790,449$2,674,427
81$3,445,289$2,088,803$1,787,494$2,811,363
82$3,731,791$2,126,236$1,782,457$2,959,319
83$4,045,471$2,163,459$1,775,207$3,119,378
84$4,389,037$2,200,397$1,765,605$3,292,739
85$4,765,471$2,236,969$1,753,505$3,480,720
86$5,178,057$2,273,088$1,738,755$3,684,778
87$5,630,412$2,308,662$1,721,196$3,906,520
88$6,126,519$2,343,592$1,700,662$4,147,717
89$6,670,766$2,377,770$1,676,976$4,410,324
90$7,267,985$2,411,082$1,649,956$4,696,495
91$7,923,500$2,443,405$1,619,410$5,008,609
92$8,643,174$2,474,609$1,585,137$5,349,287
93$9,433,467$2,504,554$1,546,928$5,721,423
94$10,301,493$2,533,089$1,504,562$6,128,207
95$11,255,091$2,560,056$1,457,810$6,573,158
96$12,302,895$2,585,284$1,406,432$7,060,157
97$13,454,418$2,608,591$1,350,176$7,593,485
98$14,720,141$2,629,784$1,288,779$8,177,863
99$16,111,609$2,648,657$1,221,966$8,818,499
100$17,641,542$2,664,990$1,149,451$9,521,135