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

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 $1,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$144,513$143,226$141,970$140,744$139,547$138,726
2 years$71,541$70,209$68,918$67,666$66,451$65,623
3 years$47,220$45,882$44,594$43,354$42,159$41,349
4 years$35,062$33,728$32,453$31,234$30,068$29,283
5 years$27,769$26,443$25,185$23,991$22,858$22,099
6 years$22,909$21,593$20,353$19,186$18,086$17,356
7 years$19,439$18,134$16,914$15,774$14,709$14,007
8 years$16,837$15,544$14,344$13,232$12,203$11,528
9 years$14,815$13,534$12,355$11,271$10,276$9,630
10 years$13,198$11,929$10,771$9,716$8,756$8,138
11 years$11,876$10,620$9,483$8,455$7,530$6,939
12 years$10,775$9,532$8,416$7,417$6,526$5,962
13 years$9,844$8,614$7,519$6,548$5,691$5,153
14 years$9,047$7,830$6,756$5,812$4,988$4,476
15 years$8,357$7,153$6,099$5,184$4,392$3,905
16 years$7,753$6,563$5,530$4,641$3,882$3,419
17 years$7,221$6,044$5,032$4,170$3,442$3,003
18 years$6,749$5,585$4,594$3,758$3,060$2,644
19 years$6,327$5,176$4,205$3,396$2,728$2,334
20 years$5,948$4,810$3,859$3,076$2,436$2,064
21 years$5,605$4,480$3,550$2,791$2,180$1,828
22 years$5,294$4,182$3,272$2,538$1,954$1,622
23 years$5,010$3,911$3,021$2,311$1,754$1,441
24 years$4,750$3,665$2,794$2,108$1,577$1,281
25 years$4,512$3,439$2,588$1,925$1,419$1,141
26 years$4,292$3,232$2,400$1,760$1,278$1,016
27 years$4,089$3,042$2,229$1,611$1,152$907
28 years$3,900$2,866$2,072$1,476$1,040$809
29 years$3,725$2,704$1,928$1,354$939$722
30 years$3,562$2,554$1,796$1,242$848$645
31 years$3,410$2,414$1,674$1,141$767$577
32 years$3,268$2,284$1,562$1,049$694$516
33 years$3,134$2,163$1,458$964$628$462
34 years$3,009$2,050$1,363$887$568$413
35 years$2,891$1,945$1,274$817$515$370
36 years$2,779$1,846$1,192$752$467$331
37 years$2,674$1,753$1,116$693$423$297
38 years$2,575$1,666$1,045$639$383$266
39 years$2,481$1,584$979$589$348$238
40 years$2,393$1,507$917$543$315$214
41 years$2,308$1,435$860$501$286$191
42 years$2,228$1,366$807$463$260$172
43 years$2,152$1,302$757$427$236$154
44 years$2,079$1,241$711$394$214$138
45 years$2,010$1,183$667$364$194$124
46 years$1,944$1,129$627$336$176$111
47 years$1,881$1,077$589$311$160$100
48 years$1,821$1,028$553$287$145$89
49 years$1,764$982$520$265$132$80
50 years$1,709$938$489$245$120$72

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 $6,035 every year, while hoping to spend $22,452 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: 70/18/12 Blend
72$1,750,000$1,750,000$1,750,000$1,750,000
73$1,934,725$1,841,975$1,814,850$2,064,802
74$2,108,178$1,908,343$1,851,759$2,218,250
75$2,298,571$1,977,211$1,889,151$2,382,823
76$2,507,608$2,048,677$1,927,021$2,562,330
77$2,737,166$2,122,844$1,965,358$2,758,237
78$2,989,313$2,199,819$2,004,153$2,972,159
79$3,266,327$2,279,714$2,043,397$3,205,872
80$3,570,718$2,362,646$2,083,076$3,461,333
81$3,905,250$2,448,734$2,123,178$3,740,697
82$4,272,970$2,538,106$2,163,688$4,046,334
83$4,677,232$2,630,893$2,204,592$4,380,856
84$5,121,735$2,727,232$2,245,870$4,747,139
85$5,610,551$2,827,265$2,287,506$5,148,350
86$6,148,167$2,931,141$2,329,477$5,587,976
87$6,739,529$3,039,016$2,371,764$6,069,857
88$7,390,083$3,151,050$2,414,340$6,598,224
89$8,105,832$3,267,412$2,457,181$7,177,736
90$8,893,389$3,388,278$2,500,259$7,813,523
91$9,760,042$3,513,830$2,543,544$8,511,237
92$10,713,818$3,644,259$2,587,005$9,277,105
93$11,763,564$3,779,765$2,630,606$10,117,984
94$12,919,027$3,920,553$2,674,311$11,041,426
95$14,190,949$4,066,841$2,718,082$12,055,755
96$15,591,163$4,218,854$2,761,875$13,170,136
97$17,132,710$4,376,826$2,805,646$14,394,668
98$18,829,960$4,541,004$2,849,349$15,740,476
99$20,698,745$4,711,642$2,892,931$17,219,815
100$22,756,512$4,889,008$2,936,339$18,846,188