Can I retire at age 73 with 1,750,000?

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 $1,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$144,513$143,226$141,970$140,744$139,547$135,243
2 years$71,541$70,209$68,918$67,666$66,451$62,152
3 years$47,220$45,882$44,594$43,354$42,159$38,001
4 years$35,062$33,728$32,453$31,234$30,068$26,082
5 years$27,769$26,443$25,185$23,991$22,858$19,054
6 years$22,909$21,593$20,353$19,186$18,086$14,469
7 years$19,439$18,134$16,914$15,774$14,709$11,277
8 years$16,837$15,544$14,344$13,232$12,203$8,955
9 years$14,815$13,534$12,355$11,271$10,276$7,209
10 years$13,198$11,929$10,771$9,716$8,756$5,864
11 years$11,876$10,620$9,483$8,455$7,530$4,809
12 years$10,775$9,532$8,416$7,417$6,526$3,969
13 years$9,844$8,614$7,519$6,548$5,691$3,293
14 years$9,047$7,830$6,756$5,812$4,988$2,743
15 years$8,357$7,153$6,099$5,184$4,392$2,293
16 years$7,753$6,563$5,530$4,641$3,882$1,922
17 years$7,221$6,044$5,032$4,170$3,442$1,615
18 years$6,749$5,585$4,594$3,758$3,060$1,360
19 years$6,327$5,176$4,205$3,396$2,728$1,146
20 years$5,948$4,810$3,859$3,076$2,436$968
21 years$5,605$4,480$3,550$2,791$2,180$818
22 years$5,294$4,182$3,272$2,538$1,954$692
23 years$5,010$3,911$3,021$2,311$1,754$586
24 years$4,750$3,665$2,794$2,108$1,577$496
25 years$4,512$3,439$2,588$1,925$1,419$421
26 years$4,292$3,232$2,400$1,760$1,278$357
27 years$4,089$3,042$2,229$1,611$1,152$303
28 years$3,900$2,866$2,072$1,476$1,040$257
29 years$3,725$2,704$1,928$1,354$939$218
30 years$3,562$2,554$1,796$1,242$848$185
31 years$3,410$2,414$1,674$1,141$767$157
32 years$3,268$2,284$1,562$1,049$694$134
33 years$3,134$2,163$1,458$964$628$114
34 years$3,009$2,050$1,363$887$568$97
35 years$2,891$1,945$1,274$817$515$82
36 years$2,779$1,846$1,192$752$467$70
37 years$2,674$1,753$1,116$693$423$59
38 years$2,575$1,666$1,045$639$383$50
39 years$2,481$1,584$979$589$348$43
40 years$2,393$1,507$917$543$315$36
41 years$2,308$1,435$860$501$286$31
42 years$2,228$1,366$807$463$260$26
43 years$2,152$1,302$757$427$236$22
44 years$2,079$1,241$711$394$214$19
45 years$2,010$1,183$667$364$194$16
46 years$1,944$1,129$627$336$176$14
47 years$1,881$1,077$589$311$160$12
48 years$1,821$1,028$553$287$145$10
49 years$1,764$982$520$265$132$8
50 years$1,709$938$489$245$120$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,750,000, adding $3,136 every year, while hoping to spend $58,134 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: 57/25/18 Blend
72$1,750,000$1,750,000$1,750,000$1,750,000
73$1,931,735$1,838,985$1,811,860$2,032,487
74$2,066,918$1,867,241$1,810,703$2,129,570
75$2,213,941$1,894,933$1,807,559$2,228,747
76$2,373,950$1,921,973$1,802,300$2,335,522
77$2,548,208$1,948,264$1,794,792$2,450,636
78$2,738,101$1,973,705$1,784,893$2,574,910
79$2,945,158$1,998,187$1,772,458$2,709,246
80$3,171,059$2,021,593$1,757,330$2,854,642
81$3,417,656$2,043,800$1,739,349$3,012,197
82$3,686,984$2,064,674$1,718,345$3,183,125
83$3,981,287$2,084,073$1,694,140$3,368,763
84$4,303,033$2,101,847$1,666,548$3,570,590
85$4,654,940$2,117,836$1,635,375$3,790,234
86$5,040,001$2,131,867$1,600,418$4,029,492
87$5,461,512$2,143,758$1,561,462$4,290,348
88$5,923,100$2,153,317$1,518,285$4,574,987
89$6,428,763$2,160,336$1,470,654$4,885,824
90$6,982,901$2,164,597$1,418,325$5,225,520
91$7,590,361$2,165,866$1,361,043$5,597,011
92$8,256,480$2,163,896$1,298,541$6,003,535
93$8,987,139$2,158,424$1,230,540$6,448,666
94$9,788,812$2,149,172$1,156,748$6,936,344
95$10,668,633$2,135,844$1,076,861$7,470,915
96$11,634,459$2,118,126$990,561$8,057,174
97$12,694,945$2,095,685$897,516$8,700,407
98$13,859,623$2,068,167$797,377$9,406,447
99$15,138,997$2,035,200$689,782$10,181,725
100$16,544,637$1,996,387$574,351$11,033,335