Can I retire at age 73 with 1,770,000?

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$146,165$144,863$143,593$142,353$141,142$139,206
2 years$72,359$71,011$69,705$68,439$67,211$65,263
3 years$47,760$46,407$45,104$43,849$42,641$40,743
4 years$35,463$34,114$32,824$31,591$30,412$28,578
5 years$28,087$26,746$25,473$24,265$23,119$21,354
6 years$23,171$21,840$20,586$19,405$18,293$16,600
7 years$19,661$18,341$17,107$15,954$14,877$13,256
8 years$17,030$15,722$14,508$13,383$12,342$10,793
9 years$14,984$13,689$12,496$11,400$10,394$8,916
10 years$13,349$12,066$10,894$9,827$8,856$7,448
11 years$12,012$10,741$9,591$8,552$7,616$6,277
12 years$10,898$9,641$8,512$7,501$6,600$5,328
13 years$9,957$8,713$7,605$6,623$5,756$4,549
14 years$9,150$7,920$6,833$5,879$5,045$3,903
15 years$8,452$7,235$6,169$5,243$4,442$3,361
16 years$7,842$6,638$5,593$4,694$3,926$2,905
17 years$7,304$6,113$5,090$4,218$3,481$2,517
18 years$6,826$5,649$4,646$3,801$3,095$2,187
19 years$6,399$5,235$4,253$3,435$2,759$1,904
20 years$6,016$4,865$3,904$3,111$2,464$1,660
21 years$5,669$4,531$3,590$2,823$2,205$1,450
22 years$5,354$4,230$3,309$2,567$1,977$1,268
23 years$5,067$3,956$3,055$2,338$1,774$1,110
24 years$4,805$3,707$2,826$2,132$1,595$973
25 years$4,563$3,478$2,617$1,947$1,435$854
26 years$4,341$3,269$2,427$1,780$1,293$749
27 years$4,135$3,077$2,254$1,630$1,166$658
28 years$3,945$2,899$2,095$1,493$1,052$579
29 years$3,768$2,735$1,950$1,369$950$509
30 years$3,603$2,583$1,816$1,257$858$448
31 years$3,449$2,442$1,693$1,154$776$394
32 years$3,305$2,310$1,580$1,061$702$347
33 years$3,170$2,188$1,475$975$635$306
34 years$3,043$2,074$1,378$897$575$269
35 years$2,924$1,967$1,289$826$521$237
36 years$2,811$1,867$1,205$761$472$209
37 years$2,705$1,773$1,128$701$428$184
38 years$2,605$1,685$1,057$646$388$162
39 years$2,510$1,602$990$596$352$143
40 years$2,420$1,524$928$550$319$126
41 years$2,335$1,451$870$507$289$111
42 years$2,253$1,382$816$468$263$98
43 years$2,176$1,317$766$432$238$87
44 years$2,103$1,255$719$399$216$76
45 years$2,033$1,197$675$368$196$67
46 years$1,966$1,142$634$340$178$59
47 years$1,903$1,090$596$314$162$52
48 years$1,842$1,040$560$290$147$46
49 years$1,784$993$526$268$134$41
50 years$1,728$949$495$248$121$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,770,000, adding $6,858 every year, while hoping to spend $38,329 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: 82/12/6 Blend
72$1,770,000$1,770,000$1,770,000$1,770,000
73$1,957,614$1,863,804$1,836,369$2,116,820
74$2,116,509$1,914,349$1,857,106$2,272,432
75$2,290,326$1,966,085$1,877,252$2,437,380
76$2,480,548$2,019,032$1,896,749$2,617,267
77$2,688,806$2,073,206$1,915,532$2,813,567
78$2,916,896$2,128,625$1,933,534$3,027,899
79$3,166,797$2,185,305$1,950,685$3,262,051
80$3,440,687$2,243,263$1,966,910$3,517,989
81$3,740,968$2,302,513$1,982,131$3,797,878
82$4,070,280$2,363,070$1,996,267$4,104,104
83$4,431,536$2,424,948$2,009,229$4,439,293
84$4,827,942$2,488,159$2,020,928$4,806,339
85$5,263,030$2,552,717$2,031,266$5,208,430
86$5,740,690$2,618,631$2,040,144$5,649,075
87$6,265,207$2,685,910$2,047,456$6,132,143
88$6,841,302$2,754,564$2,053,090$6,661,893
89$7,474,176$2,824,599$2,056,930$7,243,019
90$8,169,558$2,896,020$2,058,853$7,880,691
91$8,933,758$2,968,831$2,058,730$8,580,604
92$9,773,731$3,043,032$2,056,426$9,349,034
93$10,697,136$3,118,625$2,051,801$10,192,893
94$11,712,412$3,195,606$2,044,704$11,119,800
95$12,828,857$3,273,970$2,034,982$12,138,145
96$14,056,716$3,353,711$2,022,469$13,257,175
97$15,407,276$3,434,817$2,006,996$14,487,077
98$16,892,970$3,517,275$1,988,383$15,839,076
99$18,527,502$3,601,070$1,966,442$17,325,538
100$20,325,966$3,686,181$1,940,977$18,960,093