Can I retire at age 73 with 1,760,000?

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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$145,339$144,045$142,781$141,549$140,345$138,534
2 years$71,950$70,610$69,311$68,052$66,831$65,009
3 years$47,490$46,144$44,849$43,602$42,400$40,624
4 years$35,263$33,921$32,639$31,413$30,240$28,523
5 years$27,928$26,595$25,329$24,128$22,988$21,335
6 years$23,040$21,716$20,470$19,295$18,190$16,603
7 years$19,550$18,237$17,010$15,864$14,793$13,274
8 years$16,933$15,633$14,426$13,308$12,272$10,820
9 years$14,900$13,611$12,425$11,335$10,335$8,948
10 years$13,273$11,998$10,833$9,771$8,806$7,485
11 years$11,944$10,681$9,537$8,504$7,573$6,316
12 years$10,836$9,586$8,464$7,459$6,563$5,368
13 years$9,900$8,663$7,562$6,585$5,723$4,589
14 years$9,099$7,875$6,794$5,846$5,017$3,942
15 years$8,404$7,194$6,134$5,213$4,417$3,400
16 years$7,797$6,600$5,562$4,668$3,904$2,942
17 years$7,263$6,078$5,061$4,194$3,461$2,553
18 years$6,788$5,617$4,620$3,780$3,078$2,222
19 years$6,363$5,206$4,229$3,415$2,743$1,937
20 years$5,982$4,837$3,881$3,093$2,450$1,692
21 years$5,637$4,506$3,570$2,807$2,193$1,480
22 years$5,324$4,206$3,290$2,552$1,966$1,296
23 years$5,039$3,934$3,038$2,325$1,764$1,136
24 years$4,777$3,686$2,810$2,120$1,586$998
25 years$4,538$3,459$2,602$1,936$1,427$876
26 years$4,316$3,251$2,414$1,770$1,285$771
27 years$4,112$3,059$2,241$1,620$1,159$678
28 years$3,923$2,883$2,084$1,485$1,046$597
29 years$3,747$2,720$1,939$1,361$944$526
30 years$3,583$2,568$1,806$1,250$853$463
31 years$3,429$2,428$1,684$1,148$771$408
32 years$3,286$2,297$1,571$1,055$698$360
33 years$3,152$2,176$1,467$970$631$318
34 years$3,026$2,062$1,370$892$572$280
35 years$2,907$1,956$1,281$821$518$247
36 years$2,795$1,856$1,199$757$469$218
37 years$2,690$1,763$1,122$697$425$193
38 years$2,590$1,676$1,051$642$386$170
39 years$2,496$1,593$984$592$350$150
40 years$2,406$1,516$923$546$317$133
41 years$2,321$1,443$865$504$288$117
42 years$2,241$1,374$811$465$261$104
43 years$2,164$1,309$761$429$237$92
44 years$2,091$1,248$715$397$215$81
45 years$2,022$1,190$671$366$195$72
46 years$1,955$1,135$630$338$177$63
47 years$1,892$1,083$592$313$161$56
48 years$1,832$1,034$557$289$146$49
49 years$1,774$988$523$267$133$44
50 years$1,718$944$492$247$121$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,760,000, adding $3,053 every year, while hoping to spend $47,203 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: 50/27/23 Blend
72$1,760,000$1,760,000$1,760,000$1,760,000
73$1,942,669$1,849,389$1,822,109$2,027,111
74$2,090,598$1,889,786$1,832,926$2,126,472
75$2,252,033$1,930,579$1,842,524$2,229,372
76$2,428,303$1,971,740$1,850,811$2,340,242
77$2,620,869$2,013,235$1,857,692$2,459,855
78$2,831,340$2,055,026$1,863,067$2,589,064
79$3,061,489$2,097,074$1,866,832$2,728,809
80$3,313,265$2,139,335$1,868,875$2,880,126
81$3,588,817$2,181,762$1,869,082$3,044,158
82$3,890,510$2,224,301$1,867,329$3,222,163
83$4,220,948$2,266,897$1,863,490$3,415,532
84$4,582,998$2,309,490$1,857,431$3,625,796
85$4,979,821$2,352,012$1,849,012$3,854,643
86$5,414,895$2,394,392$1,838,086$4,103,934
87$5,892,050$2,436,553$1,824,498$4,375,724
88$6,415,508$2,478,413$1,808,087$4,672,274
89$6,989,916$2,519,882$1,788,685$4,996,082
90$7,620,395$2,560,863$1,766,113$5,349,899
91$8,312,584$2,601,254$1,740,186$5,736,759
92$9,072,696$2,640,944$1,710,711$6,160,008
93$9,907,574$2,679,814$1,677,483$6,623,336
94$10,824,759$2,717,736$1,640,291$7,130,810
95$11,832,554$2,754,575$1,598,910$7,686,914
96$12,940,110$2,790,185$1,553,109$8,296,594
97$14,157,507$2,824,410$1,502,644$8,965,303
98$15,495,849$2,857,083$1,447,259$9,699,050
99$16,967,373$2,888,027$1,386,689$10,504,466
100$18,585,556$2,917,051$1,320,655$11,388,856