Can I retire at age 73 with 1,780,000?

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$146,991$145,681$144,404$143,157$141,940$139,819
2 years$72,768$71,412$70,099$68,826$67,590$65,458
3 years$48,030$46,669$45,359$44,097$42,882$40,805
4 years$35,663$34,307$33,010$31,770$30,584$28,578
5 years$28,246$26,897$25,617$24,402$23,249$21,321
6 years$23,302$21,963$20,702$19,515$18,396$16,547
7 years$19,772$18,445$17,204$16,044$14,961$13,192
8 years$17,126$15,810$14,590$13,459$12,412$10,722
9 years$15,069$13,766$12,566$11,464$10,453$8,842
10 years$13,424$12,134$10,956$9,882$8,906$7,373
11 years$12,079$10,802$9,645$8,600$7,660$6,202
12 years$10,960$9,695$8,560$7,544$6,638$5,254
13 years$10,013$8,762$7,648$6,660$5,788$4,477
14 years$9,202$7,964$6,871$5,912$5,074$3,833
15 years$8,500$7,275$6,204$5,272$4,467$3,295
16 years$7,886$6,675$5,625$4,721$3,948$2,841
17 years$7,345$6,148$5,118$4,242$3,501$2,457
18 years$6,865$5,681$4,672$3,823$3,113$2,130
19 years$6,436$5,265$4,277$3,454$2,774$1,850
20 years$6,050$4,892$3,926$3,128$2,478$1,610
21 years$5,701$4,557$3,611$2,839$2,218$1,403
22 years$5,384$4,254$3,328$2,581$1,988$1,224
23 years$5,096$3,978$3,073$2,351$1,784$1,069
24 years$4,832$3,728$2,842$2,144$1,604$935
25 years$4,589$3,498$2,632$1,958$1,443$818
26 years$4,366$3,288$2,441$1,790$1,300$717
27 years$4,159$3,094$2,267$1,639$1,172$628
28 years$3,967$2,916$2,107$1,502$1,058$551
29 years$3,789$2,750$1,961$1,377$955$483
30 years$3,623$2,598$1,827$1,264$863$424
31 years$3,468$2,456$1,703$1,161$780$372
32 years$3,324$2,323$1,589$1,067$706$327
33 years$3,188$2,200$1,483$981$639$287
34 years$3,060$2,085$1,386$902$578$252
35 years$2,940$1,978$1,296$831$524$222
36 years$2,827$1,877$1,212$765$475$195
37 years$2,720$1,783$1,135$705$430$171
38 years$2,619$1,695$1,063$650$390$151
39 years$2,524$1,611$995$599$354$133
40 years$2,434$1,533$933$553$321$117
41 years$2,348$1,459$875$510$291$103
42 years$2,266$1,390$821$471$264$90
43 years$2,189$1,324$770$434$240$79
44 years$2,115$1,262$723$401$217$70
45 years$2,045$1,204$679$370$197$61
46 years$1,978$1,148$638$342$179$54
47 years$1,914$1,096$599$316$163$48
48 years$1,852$1,046$563$292$148$42
49 years$1,794$999$529$270$134$37
50 years$1,738$954$497$250$122$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,780,000, adding $5,917 every year, while hoping to spend $58,592 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: 36/50/14 Blend
72$1,780,000$1,780,000$1,780,000$1,780,000
73$1,967,663$1,873,323$1,845,733$2,029,826
74$2,106,024$1,902,775$1,845,224$2,104,601
75$2,256,533$1,931,706$1,842,734$2,179,255
76$2,420,368$1,960,028$1,838,135$2,258,575
77$2,598,826$1,987,650$1,831,292$2,343,008
78$2,793,331$2,014,469$1,822,065$2,433,045
79$3,005,452$2,040,379$1,810,305$2,529,233
80$3,236,916$2,065,266$1,795,859$2,632,173
81$3,489,624$2,089,007$1,778,563$2,742,533
82$3,765,669$2,111,471$1,758,248$2,861,050
83$4,067,353$2,132,520$1,734,735$2,988,538
84$4,397,214$2,152,003$1,707,839$3,125,899
85$4,758,042$2,169,764$1,677,364$3,274,129
86$5,152,912$2,185,632$1,643,106$3,434,330
87$5,585,210$2,199,429$1,604,851$3,607,721
88$6,058,664$2,210,964$1,562,376$3,795,647
89$6,577,378$2,220,031$1,515,446$3,999,597
90$7,145,874$2,226,417$1,463,817$4,221,215
91$7,769,132$2,229,889$1,407,233$4,462,321
92$8,452,634$2,230,205$1,345,426$4,724,922
93$9,202,422$2,227,104$1,278,117$5,011,239
94$10,025,148$2,220,311$1,205,013$5,323,724
95$10,928,141$2,209,534$1,125,809$5,665,087
96$11,919,473$2,194,463$1,040,185$6,038,322
97$13,008,035$2,174,767$947,807$6,446,737
98$14,203,623$2,150,099$848,327$6,893,982
99$15,517,027$2,120,089$741,381$7,384,094
100$16,960,134$2,084,344$626,587$7,921,527