Can I retire at age 73 with 1,790,000?

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 $1,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$147,817$146,500$145,215$143,961$142,737$142,136
2 years$73,176$71,814$70,493$69,212$67,970$67,363
3 years$48,300$46,931$45,614$44,345$43,123$42,529
4 years$35,864$34,499$33,195$31,948$30,756$30,179
5 years$28,404$27,048$25,761$24,539$23,380$22,823
6 years$23,433$22,087$20,818$19,624$18,500$17,963
7 years$19,883$18,548$17,300$16,134$15,045$14,528
8 years$17,222$15,899$14,672$13,534$12,482$11,985
9 years$15,153$13,843$12,637$11,528$10,511$10,035
10 years$13,500$12,202$11,017$9,938$8,956$8,500
11 years$12,147$10,863$9,699$8,649$7,703$7,266
12 years$11,021$9,750$8,608$7,586$6,675$6,258
13 years$10,069$8,811$7,691$6,697$5,821$5,423
14 years$9,254$8,009$6,910$5,945$5,102$4,723
15 years$8,548$7,316$6,239$5,302$4,492$4,131
16 years$7,930$6,713$5,656$4,747$3,970$3,627
17 years$7,386$6,182$5,147$4,265$3,520$3,194
18 years$6,903$5,713$4,699$3,844$3,130$2,820
19 years$6,472$5,294$4,301$3,473$2,790$2,496
20 years$6,084$4,920$3,948$3,146$2,492$2,214
21 years$5,733$4,583$3,631$2,855$2,230$1,967
22 years$5,415$4,278$3,347$2,596$1,999$1,750
23 years$5,125$4,001$3,090$2,364$1,794$1,559
24 years$4,859$3,748$2,858$2,156$1,613$1,391
25 years$4,615$3,518$2,647$1,969$1,451$1,242
26 years$4,390$3,306$2,455$1,801$1,307$1,110
27 years$4,182$3,111$2,279$1,648$1,179$993
28 years$3,990$2,932$2,119$1,510$1,064$889
29 years$3,810$2,766$1,972$1,385$960$797
30 years$3,644$2,612$1,837$1,271$868$714
31 years$3,488$2,469$1,712$1,167$785$641
32 years$3,342$2,336$1,598$1,073$710$575
33 years$3,206$2,213$1,492$986$642$516
34 years$3,077$2,097$1,394$908$581$463
35 years$2,957$1,989$1,303$835$527$416
36 years$2,843$1,888$1,219$769$477$374
37 years$2,736$1,793$1,141$709$432$336
38 years$2,634$1,704$1,069$653$392$302
39 years$2,538$1,620$1,001$602$356$272
40 years$2,447$1,542$938$556$323$244
41 years$2,361$1,468$880$513$293$220
42 years$2,279$1,398$825$473$265$198
43 years$2,201$1,332$774$437$241$178
44 years$2,127$1,269$727$403$219$160
45 years$2,056$1,210$683$372$199$144
46 years$1,989$1,155$641$344$180$130
47 years$1,924$1,102$602$318$164$117
48 years$1,863$1,052$566$294$149$105
49 years$1,804$1,005$532$271$135$95
50 years$1,748$960$500$251$123$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,790,000, adding $4,348 every year, while hoping to spend $33,150 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: 43/49/8 Blend
72$1,790,000$1,790,000$1,790,000$1,790,000
73$1,977,065$1,882,195$1,854,450$2,057,329
74$2,143,454$1,939,151$1,881,303$2,170,475
75$2,325,704$1,997,787$1,907,944$2,289,256
76$2,525,398$2,058,150$1,934,332$2,417,173
77$2,744,278$2,120,289$1,960,421$2,555,072
78$2,984,264$2,184,253$1,986,165$2,703,885
79$3,247,471$2,250,094$2,011,514$2,864,635
80$3,536,228$2,317,863$2,036,415$3,038,450
81$3,853,100$2,387,615$2,060,811$3,226,568
82$4,200,912$2,459,404$2,084,644$3,430,350
83$4,582,777$2,533,288$2,107,852$3,651,297
84$5,002,124$2,609,322$2,130,369$3,891,056
85$5,462,729$2,687,567$2,152,124$4,151,443
86$5,968,753$2,768,084$2,173,046$4,434,454
87$6,524,779$2,850,933$2,193,057$4,742,286
88$7,135,858$2,936,180$2,212,075$5,077,359
89$7,807,551$3,023,888$2,230,015$5,442,335
90$8,545,987$3,114,125$2,246,787$5,840,145
91$9,357,920$3,206,959$2,262,296$6,274,015
92$10,250,787$3,302,459$2,276,442$6,747,500
93$11,232,784$3,400,697$2,289,121$7,264,510
94$12,312,943$3,501,746$2,300,221$7,829,353
95$13,501,212$3,605,680$2,309,627$8,446,773
96$14,808,553$3,712,577$2,317,217$9,121,993
97$16,247,046$3,822,512$2,322,863$9,860,767
98$17,829,996$3,935,568$2,326,432$10,669,431
99$19,572,069$4,051,824$2,327,780$11,554,963
100$21,489,421$4,171,364$2,326,762$12,525,050