Can I retire at age 73 with 1,810,000?

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 $1,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$149,468$148,137$146,838$145,570$144,332$143,362
2 years$73,994$72,616$71,280$69,986$68,729$67,752
3 years$48,839$47,455$46,123$44,840$43,605$42,649
4 years$36,265$34,885$33,566$32,305$31,099$30,173
5 years$28,722$27,350$26,048$24,813$23,641$22,747
6 years$23,695$22,333$21,051$19,843$18,706$17,845
7 years$20,105$18,756$17,494$16,314$15,213$14,386
8 years$17,414$16,077$14,836$13,686$12,621$11,827
9 years$15,323$13,998$12,778$11,657$10,629$9,868
10 years$13,650$12,338$11,140$10,049$9,056$8,329
11 years$12,283$10,984$9,808$8,745$7,789$7,094
12 years$11,144$9,859$8,704$7,671$6,749$6,087
13 years$10,182$8,909$7,777$6,772$5,886$5,254
14 years$9,357$8,098$6,987$6,012$5,159$4,558
15 years$8,643$7,398$6,309$5,361$4,543$3,971
16 years$8,019$6,788$5,720$4,800$4,015$3,472
17 years$7,469$6,251$5,205$4,313$3,560$3,045
18 years$6,980$5,776$4,751$3,887$3,165$2,678
19 years$6,544$5,353$4,349$3,512$2,821$2,360
20 years$6,152$4,975$3,992$3,181$2,520$2,084
21 years$5,797$4,634$3,672$2,887$2,255$1,843
22 years$5,475$4,325$3,384$2,625$2,021$1,633
23 years$5,182$4,045$3,124$2,391$1,815$1,448
24 years$4,913$3,790$2,890$2,180$1,631$1,286
25 years$4,666$3,557$2,676$1,991$1,468$1,143
26 years$4,439$3,343$2,482$1,821$1,322$1,017
27 years$4,229$3,146$2,305$1,666$1,192$906
28 years$4,034$2,965$2,143$1,527$1,075$807
29 years$3,853$2,797$1,994$1,400$971$719
30 years$3,684$2,641$1,857$1,285$877$642
31 years$3,527$2,497$1,732$1,180$793$573
32 years$3,380$2,363$1,616$1,085$718$511
33 years$3,241$2,237$1,508$997$649$457
34 years$3,112$2,121$1,409$918$588$408
35 years$2,990$2,011$1,318$845$533$365
36 years$2,875$1,909$1,233$778$483$326
37 years$2,766$1,813$1,154$717$437$292
38 years$2,664$1,723$1,080$661$396$261
39 years$2,567$1,639$1,012$609$360$233
40 years$2,475$1,559$949$562$326$209
41 years$2,387$1,484$890$518$296$187
42 years$2,304$1,413$835$478$268$167
43 years$2,226$1,347$783$442$244$150
44 years$2,151$1,284$735$408$221$134
45 years$2,079$1,224$690$377$201$120
46 years$2,011$1,168$648$348$182$107
47 years$1,946$1,114$609$321$166$96
48 years$1,884$1,064$572$297$150$86
49 years$1,824$1,016$538$274$137$77
50 years$1,767$970$506$254$124$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,810,000, adding $3,264 every year, while hoping to spend $40,579 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: 87/7/6 Blend
72$1,810,000$1,810,000$1,810,000$1,810,000
73$1,997,987$1,902,057$1,874,002$2,171,108
74$2,158,606$1,952,082$1,893,605$2,334,372
75$2,334,248$2,003,198$1,912,505$2,507,820
76$2,526,402$2,055,416$1,930,635$2,697,137
77$2,736,710$2,108,746$1,947,926$2,903,892
78$2,966,976$2,163,196$1,964,303$3,129,812
79$3,219,189$2,218,775$1,979,689$3,376,799
80$3,495,540$2,275,488$1,994,003$3,646,949
81$3,798,441$2,333,343$2,007,157$3,942,571
82$4,130,548$2,392,342$2,019,063$4,266,204
83$4,494,786$2,452,490$2,029,624$4,620,650
84$4,894,379$2,513,787$2,038,741$5,008,992
85$5,332,876$2,576,233$2,046,310$5,434,626
86$5,814,187$2,639,825$2,052,218$5,901,294
87$6,342,618$2,704,561$2,056,352$6,413,118
88$6,922,914$2,770,433$2,058,588$6,974,638
89$7,560,300$2,837,433$2,058,800$7,590,856
90$8,260,534$2,905,551$2,056,853$8,267,284
91$9,029,958$2,974,772$2,052,607$9,009,991
92$9,875,559$3,045,082$2,045,915$9,825,668
93$10,805,035$3,116,459$2,036,622$10,721,682
94$11,826,865$3,188,883$2,024,565$11,706,153
95$12,950,394$3,262,326$2,009,576$12,788,026
96$14,185,913$3,336,759$1,991,476$13,977,157
97$15,544,765$3,412,149$1,970,079$15,284,405
98$17,039,444$3,488,457$1,945,190$16,721,735
99$18,683,717$3,565,642$1,916,604$18,302,330
100$20,492,754$3,643,655$1,884,107$20,040,717