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

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$140,384$139,134$137,914$136,723$135,560$134,706
2 years$69,497$68,203$66,949$65,732$64,553$63,691
3 years$45,871$44,571$43,320$42,115$40,955$40,112
4 years$34,061$32,765$31,526$30,342$29,209$28,393
5 years$26,976$25,688$24,465$23,305$22,204$21,416
6 years$22,255$20,976$19,772$18,637$17,570$16,810
7 years$18,883$17,616$16,430$15,323$14,289$13,559
8 years$16,356$15,100$13,934$12,854$11,854$11,154
9 years$14,392$13,147$12,002$10,949$9,983$9,312
10 years$12,821$11,589$10,463$9,438$8,506$7,864
11 years$11,537$10,317$9,212$8,214$7,315$6,702
12 years$10,467$9,260$8,175$7,205$6,339$5,754
13 years$9,563$8,368$7,304$6,361$5,528$4,970
14 years$8,788$7,606$6,563$5,646$4,846$4,315
15 years$8,118$6,949$5,925$5,035$4,267$3,762
16 years$7,532$6,375$5,372$4,509$3,771$3,291
17 years$7,015$5,871$4,888$4,051$3,343$2,888
18 years$6,556$5,425$4,462$3,651$2,973$2,542
19 years$6,146$5,028$4,085$3,299$2,650$2,242
20 years$5,778$4,672$3,749$2,988$2,367$1,981
21 years$5,445$4,352$3,448$2,712$2,118$1,753
22 years$5,142$4,063$3,178$2,465$1,899$1,554
23 years$4,867$3,800$2,935$2,245$1,704$1,380
24 years$4,615$3,560$2,714$2,048$1,532$1,226
25 years$4,383$3,341$2,514$1,870$1,378$1,091
26 years$4,169$3,140$2,331$1,710$1,242$971
27 years$3,972$2,955$2,165$1,565$1,119$866
28 years$3,789$2,784$2,013$1,434$1,010$772
29 years$3,619$2,627$1,873$1,315$912$689
30 years$3,460$2,481$1,744$1,207$824$615
31 years$3,313$2,345$1,626$1,108$745$549
32 years$3,174$2,219$1,517$1,019$674$491
33 years$3,044$2,101$1,417$937$610$439
34 years$2,923$1,992$1,324$862$552$392
35 years$2,808$1,889$1,238$793$500$351
36 years$2,700$1,793$1,158$731$453$314
37 years$2,598$1,703$1,084$673$411$281
38 years$2,502$1,618$1,015$621$372$252
39 years$2,411$1,539$951$572$338$225
40 years$2,324$1,464$891$528$306$202
41 years$2,242$1,394$836$487$278$181
42 years$2,164$1,327$784$449$252$162
43 years$2,090$1,265$736$415$229$145
44 years$2,020$1,206$690$383$208$130
45 years$1,953$1,150$648$354$189$116
46 years$1,889$1,097$609$327$171$104
47 years$1,828$1,047$572$302$155$93
48 years$1,769$999$538$279$141$84
49 years$1,713$954$505$258$128$75
50 years$1,660$911$475$238$116$67

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 $4,940 every year, while hoping to spend $43,938 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: 53/20/27 Blend
72$1,700,000$1,700,000$1,700,000$1,700,000
73$1,878,496$1,788,396$1,762,046$1,963,678
74$2,023,352$1,829,277$1,774,324$2,064,066
75$2,181,512$1,870,690$1,785,542$2,168,367
76$2,354,285$1,912,612$1,795,616$2,280,994
77$2,543,114$1,955,022$1,804,461$2,402,761
78$2,749,587$1,997,894$1,811,986$2,534,566
79$2,975,454$2,041,199$1,818,096$2,677,398
80$3,222,639$2,084,907$1,822,692$2,832,346
81$3,493,263$2,128,982$1,825,667$3,000,614
82$3,789,661$2,173,388$1,826,912$3,183,525
83$4,114,405$2,218,082$1,826,312$3,382,542
84$4,470,325$2,263,019$1,823,745$3,599,274
85$4,860,542$2,308,150$1,819,083$3,835,498
86$5,288,489$2,353,421$1,812,194$4,093,172
87$5,757,950$2,398,774$1,802,938$4,374,453
88$6,273,093$2,444,146$1,791,168$4,681,722
89$6,838,506$2,489,467$1,776,730$5,017,603
90$7,459,247$2,534,664$1,759,464$5,384,988
91$8,140,885$2,579,657$1,739,201$5,787,067
92$8,889,554$2,624,360$1,715,763$6,227,355
93$9,712,015$2,668,679$1,688,967$6,709,730
94$10,615,712$2,712,516$1,658,619$7,238,465
95$11,608,847$2,755,762$1,624,516$7,818,272
96$12,700,458$2,798,303$1,586,445$8,454,346
97$13,900,500$2,840,015$1,544,186$9,152,414
98$15,219,941$2,880,765$1,497,506$9,918,789
99$16,670,864$2,920,413$1,446,163$10,760,433
100$18,266,585$2,958,805$1,389,901$11,685,018