Can I retire at age 73 with 1,800,000?

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 $1,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$148,642$147,318$146,027$144,766$143,535$141,918
2 years$73,585$72,215$70,887$69,599$68,350$66,722
3 years$48,570$47,193$45,868$44,593$43,364$41,776
4 years$36,064$34,692$33,380$32,127$30,928$29,391
5 years$28,563$27,199$25,905$24,676$23,511$22,031
6 years$23,564$22,210$20,935$19,734$18,603$17,182
7 years$19,994$18,652$17,397$16,224$15,129$13,766
8 years$17,318$15,988$14,754$13,610$12,551$11,247
9 years$15,238$13,921$12,708$11,593$10,570$9,324
10 years$13,575$12,270$11,079$9,993$9,006$7,818
11 years$12,215$10,924$9,754$8,697$7,746$6,613
12 years$11,083$9,804$8,656$7,628$6,712$5,635
13 years$10,125$8,860$7,734$6,735$5,853$4,830
14 years$9,305$8,054$6,949$5,978$5,131$4,160
15 years$8,595$7,357$6,274$5,332$4,518$3,598
16 years$7,975$6,750$5,688$4,774$3,993$3,122
17 years$7,428$6,217$5,176$4,289$3,540$2,717
18 years$6,942$5,744$4,725$3,866$3,148$2,371
19 years$6,508$5,324$4,325$3,493$2,806$2,073
20 years$6,118$4,947$3,970$3,163$2,506$1,816
21 years$5,765$4,608$3,651$2,871$2,243$1,593
22 years$5,445$4,302$3,365$2,610$2,010$1,400
23 years$5,153$4,023$3,107$2,377$1,804$1,231
24 years$4,886$3,769$2,874$2,168$1,622$1,084
25 years$4,641$3,537$2,662$1,980$1,459$955
26 years$4,415$3,325$2,468$1,811$1,315$843
27 years$4,206$3,129$2,292$1,657$1,185$744
28 years$4,012$2,948$2,131$1,518$1,069$657
29 years$3,832$2,781$1,983$1,392$966$581
30 years$3,664$2,627$1,847$1,278$873$513
31 years$3,507$2,483$1,722$1,174$789$454
32 years$3,361$2,350$1,607$1,079$714$402
33 years$3,224$2,225$1,500$992$646$355
34 years$3,095$2,109$1,402$913$585$315
35 years$2,973$2,000$1,310$840$530$279
36 years$2,859$1,898$1,226$774$480$247
37 years$2,751$1,803$1,147$713$435$219
38 years$2,649$1,714$1,074$657$394$194
39 years$2,552$1,629$1,007$606$358$172
40 years$2,461$1,550$944$559$324$152
41 years$2,374$1,476$885$516$294$135
42 years$2,292$1,405$830$476$267$120
43 years$2,213$1,339$779$439$242$106
44 years$2,139$1,276$731$406$220$94
45 years$2,068$1,217$686$375$200$83
46 years$2,000$1,161$645$346$181$74
47 years$1,935$1,108$606$320$165$66
48 years$1,873$1,058$569$295$149$58
49 years$1,814$1,010$535$273$136$52
50 years$1,757$965$503$252$123$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,800,000, adding $4,340 every year, while hoping to spend $32,675 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: 48/41/11 Blend
72$1,800,000$1,800,000$1,800,000$1,800,000
73$1,988,077$1,892,677$1,864,777$2,077,306
74$2,156,095$1,950,652$1,892,481$2,197,119
75$2,340,155$2,010,373$1,920,018$2,323,375
76$2,541,860$2,071,890$1,947,348$2,459,716
77$2,762,974$2,135,257$1,974,428$2,607,094
78$3,005,440$2,200,527$2,001,213$2,766,553
79$3,271,397$2,267,755$2,027,657$2,939,244
80$3,563,203$2,336,999$2,053,707$3,126,433
81$3,883,454$2,408,316$2,079,310$3,329,513
82$4,235,010$2,481,767$2,104,411$3,550,015
83$4,621,022$2,557,414$2,128,949$3,789,626
84$5,044,959$2,635,320$2,152,861$4,050,202
85$5,510,644$2,715,550$2,176,082$4,333,786
86$6,022,288$2,798,171$2,198,539$4,642,625
87$6,584,531$2,883,251$2,220,160$4,979,195
88$7,202,485$2,970,862$2,240,867$5,346,221
89$7,881,778$3,061,074$2,260,576$5,746,703
90$8,628,616$3,153,964$2,279,202$6,183,946
91$9,449,833$3,249,606$2,296,653$6,661,586
92$10,352,959$3,348,079$2,312,833$7,183,630
93$11,346,289$3,449,463$2,327,642$7,754,489
94$12,438,965$3,553,841$2,340,972$8,379,022
95$13,641,058$3,661,298$2,352,713$9,062,580
96$14,963,663$3,771,919$2,362,747$9,811,056
97$16,419,008$3,885,794$2,370,950$10,630,941
98$18,020,562$4,003,014$2,377,192$11,529,387
99$19,783,171$4,123,672$2,381,339$12,514,269
100$21,723,187$4,247,865$2,383,247$13,594,264