Can I retire at age 73 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$151,120$149,774$148,460$147,178$145,927$145,007
2 years$74,812$73,418$72,068$70,759$69,489$68,561
3 years$49,379$47,980$46,633$45,336$44,087$43,180
4 years$36,665$35,270$33,937$32,662$31,443$30,564
5 years$29,039$27,652$26,336$25,088$23,902$23,053
6 years$23,956$22,580$21,284$20,063$18,913$18,096
7 years$20,327$18,963$17,687$16,495$15,381$14,596
8 years$17,607$16,255$15,000$13,837$12,760$12,006
9 years$15,492$14,153$12,919$11,786$10,746$10,024
10 years$13,801$12,475$11,263$10,160$9,156$8,465
11 years$12,419$11,106$9,916$8,842$7,875$7,214
12 years$11,267$9,968$8,800$7,756$6,824$6,194
13 years$10,294$9,008$7,862$6,847$5,951$5,350
14 years$9,460$8,188$7,064$6,078$5,216$4,645
15 years$8,739$7,480$6,378$5,421$4,593$4,049
16 years$8,108$6,863$5,783$4,853$4,059$3,543
17 years$7,551$6,320$5,262$4,361$3,599$3,109
18 years$7,058$5,840$4,804$3,930$3,200$2,736
19 years$6,616$5,413$4,398$3,551$2,852$2,413
20 years$6,220$5,030$4,036$3,216$2,548$2,132
21 years$5,861$4,685$3,712$2,919$2,280$1,887
22 years$5,536$4,373$3,421$2,654$2,044$1,673
23 years$5,239$4,090$3,159$2,417$1,835$1,485
24 years$4,967$3,832$2,922$2,204$1,649$1,320
25 years$4,718$3,596$2,706$2,013$1,484$1,174
26 years$4,488$3,380$2,510$1,841$1,337$1,046
27 years$4,276$3,181$2,330$1,685$1,205$932
28 years$4,079$2,997$2,166$1,544$1,087$831
29 years$3,896$2,828$2,016$1,416$982$741
30 years$3,725$2,670$1,878$1,299$887$662
31 years$3,566$2,524$1,751$1,193$802$591
32 years$3,417$2,389$1,633$1,097$726$528
33 years$3,277$2,262$1,525$1,008$657$472
34 years$3,146$2,144$1,425$928$594$422
35 years$3,023$2,034$1,332$854$538$378
36 years$2,906$1,930$1,246$787$488$338
37 years$2,797$1,833$1,167$725$442$302
38 years$2,693$1,742$1,092$668$401$271
39 years$2,595$1,657$1,023$616$364$242
40 years$2,502$1,576$959$568$330$217
41 years$2,414$1,500$899$524$299$194
42 years$2,330$1,429$844$484$271$174
43 years$2,250$1,361$792$447$246$156
44 years$2,174$1,298$743$412$224$140
45 years$2,102$1,237$698$381$203$125
46 years$2,033$1,181$655$352$184$112
47 years$1,967$1,127$616$325$167$101
48 years$1,904$1,075$579$300$152$90
49 years$1,844$1,027$544$278$138$81
50 years$1,787$981$511$257$125$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,830,000, adding $5,706 every year, while hoping to spend $29,140 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: 43/47/10 Blend
72$1,830,000$1,830,000$1,830,000$1,830,000
73$2,022,546$1,925,556$1,897,191$2,103,422
74$2,197,841$1,988,903$1,929,742$2,223,674
75$2,390,039$2,054,378$1,962,407$2,350,475
76$2,600,834$2,122,054$1,995,159$2,487,184
77$2,832,091$2,192,007$2,027,969$2,634,720
78$3,085,865$2,264,315$2,060,806$2,794,093
79$3,364,418$2,339,061$2,093,637$2,966,411
80$3,670,242$2,416,329$2,126,428$3,152,893
81$4,006,085$2,496,207$2,159,141$3,354,881
82$4,374,969$2,578,785$2,191,737$3,573,849
83$4,780,229$2,664,158$2,224,172$3,811,416
84$5,225,534$2,752,423$2,256,403$4,069,368
85$5,714,928$2,843,682$2,288,383$4,349,664
86$6,252,866$2,938,038$2,320,059$4,654,462
87$6,844,258$3,035,601$2,351,380$4,986,137
88$7,494,509$3,136,483$2,382,289$5,347,300
89$8,209,579$3,240,800$2,412,725$5,740,825
90$8,996,030$3,348,674$2,442,626$6,169,878
91$9,861,096$3,460,229$2,471,924$6,637,938
92$10,812,743$3,575,596$2,500,549$7,148,840
93$11,859,752$3,694,909$2,528,426$7,706,801
94$13,011,794$3,818,307$2,555,477$8,316,467
95$14,279,530$3,945,937$2,581,618$8,982,950
96$15,674,701$4,077,946$2,606,761$9,711,881
97$17,210,247$4,214,493$2,630,814$10,509,458
98$18,900,426$4,355,736$2,653,680$11,382,506
99$20,760,947$4,501,845$2,675,256$12,338,543
100$22,809,120$4,652,993$2,695,434$13,385,845