Can I retire at age 73 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$141,210$139,952$138,725$137,527$136,358$133,989
2 years$69,906$68,604$67,342$66,119$64,932$62,553
3 years$46,141$44,834$43,575$42,363$41,196$38,881
4 years$34,261$32,957$31,711$30,520$29,381$27,148
5 years$27,135$25,839$24,609$23,442$22,335$20,190
6 years$22,385$21,099$19,888$18,747$17,673$15,619
7 years$18,994$17,719$16,527$15,413$14,373$12,410
8 years$16,452$15,189$14,016$12,930$11,924$10,052
9 years$14,476$13,225$12,072$11,013$10,041$8,259
10 years$12,896$11,657$10,525$9,493$8,556$6,862
11 years$11,604$10,377$9,266$8,262$7,358$5,751
12 years$10,529$9,314$8,223$7,247$6,377$4,853
13 years$9,619$8,417$7,347$6,398$5,560$4,119
14 years$8,840$7,651$6,601$5,679$4,874$3,512
15 years$8,166$6,989$5,960$5,065$4,292$3,007
16 years$7,576$6,413$5,404$4,535$3,793$2,582
17 years$7,056$5,906$4,917$4,075$3,363$2,223
18 years$6,595$5,457$4,489$3,672$2,990$1,919
19 years$6,182$5,058$4,109$3,318$2,665$1,660
20 years$5,812$4,700$3,771$3,005$2,381$1,438
21 years$5,477$4,378$3,469$2,727$2,131$1,247
22 years$5,173$4,086$3,197$2,480$1,910$1,083
23 years$4,895$3,822$2,952$2,258$1,714$942
24 years$4,642$3,581$2,730$2,060$1,541$820
25 years$4,409$3,361$2,529$1,881$1,386$714
26 years$4,194$3,158$2,345$1,720$1,249$622
27 years$3,995$2,972$2,178$1,574$1,126$543
28 years$3,811$2,801$2,024$1,443$1,016$474
29 years$3,640$2,642$1,884$1,323$917$413
30 years$3,481$2,495$1,755$1,214$829$361
31 years$3,332$2,359$1,636$1,115$749$315
32 years$3,193$2,232$1,526$1,025$678$276
33 years$3,062$2,114$1,425$942$614$241
34 years$2,940$2,003$1,332$867$555$211
35 years$2,825$1,900$1,245$798$503$184
36 years$2,716$1,804$1,165$735$456$161
37 years$2,613$1,713$1,090$677$413$141
38 years$2,516$1,628$1,021$624$375$123
39 years$2,425$1,548$956$576$340$108
40 years$2,338$1,473$896$531$308$94
41 years$2,255$1,402$841$490$280$83
42 years$2,177$1,335$788$452$254$72
43 years$2,103$1,272$740$417$230$63
44 years$2,032$1,213$694$385$209$55
45 years$1,964$1,156$652$356$190$48
46 years$1,900$1,103$612$329$172$42
47 years$1,838$1,053$575$304$156$37
48 years$1,780$1,005$541$281$142$33
49 years$1,723$960$508$259$129$28
50 years$1,670$917$478$240$117$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,710,000, adding $4,246 every year, while hoping to spend $23,284 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: 54/37/9 Blend
72$1,710,000$1,710,000$1,710,000$1,710,000
73$1,888,800$1,798,170$1,771,665$1,986,368
74$2,056,683$1,861,506$1,806,242$2,116,293
75$2,240,911$1,927,165$1,841,196$2,254,719
76$2,443,124$1,995,237$1,876,517$2,404,819
77$2,665,133$2,065,814$1,912,191$2,567,707
78$2,908,931$2,138,993$1,948,203$2,744,604
79$3,176,712$2,214,874$1,984,538$2,936,854
80$3,470,896$2,293,562$2,021,179$3,145,935
81$3,794,146$2,375,166$2,058,108$3,373,475
82$4,149,399$2,459,798$2,095,304$3,621,261
83$4,539,887$2,547,578$2,132,746$3,891,261
84$4,969,173$2,638,627$2,170,411$4,185,642
85$5,441,182$2,733,073$2,208,273$4,506,785
86$5,960,239$2,831,050$2,246,306$4,857,314
87$6,531,107$2,932,695$2,284,481$5,240,115
88$7,159,036$3,038,153$2,322,767$5,658,365
89$7,849,808$3,147,574$2,361,131$6,115,559
90$8,609,797$3,261,113$2,399,538$6,615,549
91$9,446,023$3,378,934$2,437,949$7,162,571
92$10,366,222$3,501,207$2,476,325$7,761,291
93$11,378,918$3,628,107$2,514,622$8,416,845
94$12,493,501$3,759,818$2,552,796$9,134,891
95$13,720,322$3,896,532$2,590,798$9,921,655
96$15,070,780$4,038,448$2,628,576$10,783,996
97$16,557,442$4,185,774$2,666,075$11,729,466
98$18,194,151$4,338,727$2,703,238$12,766,382
99$19,996,161$4,497,531$2,740,003$13,903,904
100$21,980,282$4,662,423$2,776,306$15,152,120