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%20%
1 years$151,120$149,774$148,460$147,178$145,927$140,082
2 years$74,812$73,418$72,068$70,759$69,489$63,673
3 years$49,379$47,980$46,633$45,336$44,087$38,484
4 years$36,665$35,270$33,937$32,662$31,443$26,096
5 years$29,039$27,652$26,336$25,088$23,902$18,824
6 years$23,956$22,580$21,284$20,063$18,913$14,107
7 years$20,327$18,963$17,687$16,495$15,381$10,846
8 years$17,607$16,255$15,000$13,837$12,760$8,490
9 years$15,492$14,153$12,919$11,786$10,746$6,735
10 years$13,801$12,475$11,263$10,160$9,156$5,396
11 years$12,419$11,106$9,916$8,842$7,875$4,357
12 years$11,267$9,968$8,800$7,756$6,824$3,539
13 years$10,294$9,008$7,862$6,847$5,951$2,888
14 years$9,460$8,188$7,064$6,078$5,216$2,366
15 years$8,739$7,480$6,378$5,421$4,593$1,945
16 years$8,108$6,863$5,783$4,853$4,059$1,602
17 years$7,551$6,320$5,262$4,361$3,599$1,322
18 years$7,058$5,840$4,804$3,930$3,200$1,093
19 years$6,616$5,413$4,398$3,551$2,852$905
20 years$6,220$5,030$4,036$3,216$2,548$750
21 years$5,861$4,685$3,712$2,919$2,280$623
22 years$5,536$4,373$3,421$2,654$2,044$517
23 years$5,239$4,090$3,159$2,417$1,835$429
24 years$4,967$3,832$2,922$2,204$1,649$357
25 years$4,718$3,596$2,706$2,013$1,484$297
26 years$4,488$3,380$2,510$1,841$1,337$247
27 years$4,276$3,181$2,330$1,685$1,205$205
28 years$4,079$2,997$2,166$1,544$1,087$171
29 years$3,896$2,828$2,016$1,416$982$142
30 years$3,725$2,670$1,878$1,299$887$119
31 years$3,566$2,524$1,751$1,193$802$99
32 years$3,417$2,389$1,633$1,097$726$82
33 years$3,277$2,262$1,525$1,008$657$68
34 years$3,146$2,144$1,425$928$594$57
35 years$3,023$2,034$1,332$854$538$48
36 years$2,906$1,930$1,246$787$488$40
37 years$2,797$1,833$1,167$725$442$33
38 years$2,693$1,742$1,092$668$401$27
39 years$2,595$1,657$1,023$616$364$23
40 years$2,502$1,576$959$568$330$19
41 years$2,414$1,500$899$524$299$16
42 years$2,330$1,429$844$484$271$13
43 years$2,250$1,361$792$447$246$11
44 years$2,174$1,298$743$412$224$9
45 years$2,102$1,237$698$381$203$8
46 years$2,033$1,181$655$352$184$6
47 years$1,967$1,127$616$325$167$5
48 years$1,904$1,075$579$300$152$4
49 years$1,844$1,027$544$278$138$4
50 years$1,787$981$511$257$125$3

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 $5,331 every year, while hoping to spend $56,417 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: 49/44/7 Blend
72$1,830,000$1,830,000$1,830,000$1,830,000
73$2,022,159$1,925,169$1,896,804$2,117,324
74$2,168,392$1,959,475$1,900,320$2,217,217
75$2,327,650$1,993,571$1,902,062$2,319,217
76$2,501,201$2,027,388$1,901,913$2,428,673
77$2,690,444$2,060,849$1,899,746$2,546,296
78$2,896,913$2,093,875$1,895,432$2,672,870
79$3,122,302$2,126,379$1,888,833$2,809,259
80$3,368,473$2,158,267$1,879,805$2,956,414
81$3,637,475$2,189,440$1,868,196$3,115,387
82$3,931,566$2,219,792$1,853,850$3,287,335
83$4,253,232$2,249,207$1,836,599$3,473,536
84$4,605,207$2,277,564$1,816,271$3,675,398
85$4,990,506$2,304,732$1,792,684$3,894,476
86$5,412,445$2,330,572$1,765,646$4,132,481
87$5,874,679$2,354,934$1,734,960$4,391,306
88$6,381,231$2,377,661$1,700,416$4,673,033
89$6,936,532$2,398,582$1,661,795$4,979,963
90$7,545,463$2,417,517$1,618,870$5,314,630
91$8,213,399$2,434,274$1,571,401$5,679,832
92$8,946,261$2,448,649$1,519,138$6,078,654
93$9,750,571$2,460,424$1,461,821$6,514,497
94$10,633,511$2,469,367$1,399,174$6,991,114
95$11,602,996$2,475,232$1,330,912$7,512,645
96$12,667,741$2,477,758$1,256,738$8,083,654
97$13,837,349$2,476,667$1,176,337$8,709,175
98$15,122,399$2,471,663$1,089,384$9,394,761
99$16,534,543$2,462,434$995,538$10,146,536
100$18,086,620$2,448,647$894,442$10,971,253