Can I retire at age 73 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$151,945$150,592$149,272$147,983$146,724$143,644
2 years$75,221$73,820$72,462$71,146$69,869$66,780
3 years$49,649$48,242$46,888$45,584$44,328$41,327
4 years$36,866$35,463$34,122$32,840$31,615$28,725
5 years$29,198$27,803$26,480$25,225$24,033$21,263
6 years$24,087$22,704$21,400$20,172$19,017$16,368
7 years$20,438$19,066$17,783$16,585$15,466$12,940
8 years$17,703$16,343$15,082$13,913$12,830$10,426
9 years$15,577$14,230$12,990$11,850$10,805$8,521
10 years$13,877$12,543$11,325$10,215$9,206$7,040
11 years$12,487$11,166$9,970$8,890$7,918$5,867
12 years$11,329$10,022$8,848$7,798$6,861$4,923
13 years$10,350$9,057$7,905$6,884$5,983$4,153
14 years$9,512$8,233$7,103$6,111$5,245$3,520
15 years$8,786$7,521$6,413$5,450$4,618$2,994
16 years$8,152$6,900$5,814$4,880$4,081$2,555
17 years$7,593$6,355$5,291$4,385$3,619$2,186
18 years$7,096$5,872$4,830$3,951$3,218$1,875
19 years$6,652$5,442$4,422$3,570$2,868$1,610
20 years$6,254$5,057$4,058$3,234$2,562$1,386
21 years$5,893$4,711$3,732$2,935$2,292$1,194
22 years$5,566$4,397$3,440$2,668$2,055$1,030
23 years$5,268$4,113$3,176$2,430$1,845$889
24 years$4,995$3,853$2,938$2,216$1,658$768
25 years$4,744$3,616$2,721$2,024$1,492$664
26 years$4,513$3,398$2,523$1,851$1,344$575
27 years$4,299$3,198$2,343$1,694$1,212$498
28 years$4,101$3,014$2,178$1,552$1,093$431
29 years$3,917$2,843$2,027$1,423$987$374
30 years$3,745$2,685$1,888$1,306$892$324
31 years$3,585$2,538$1,760$1,200$806$281
32 years$3,436$2,402$1,642$1,103$729$244
33 years$3,295$2,274$1,533$1,014$660$211
34 years$3,163$2,156$1,433$933$598$183
35 years$3,039$2,045$1,340$859$541$159
36 years$2,922$1,941$1,253$791$491$138
37 years$2,812$1,843$1,173$729$445$120
38 years$2,708$1,752$1,098$672$403$104
39 years$2,609$1,666$1,029$619$365$90
40 years$2,516$1,585$965$571$332$78
41 years$2,427$1,509$904$527$301$68
42 years$2,343$1,437$848$486$273$59
43 years$2,262$1,369$796$449$248$51
44 years$2,186$1,305$747$415$225$45
45 years$2,114$1,244$702$383$204$39
46 years$2,044$1,187$659$354$185$34
47 years$1,978$1,133$619$327$168$29
48 years$1,915$1,081$582$302$153$25
49 years$1,854$1,033$547$279$139$22
50 years$1,796$986$514$258$126$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,840,000, adding $2,106 every year, while hoping to spend $23,185 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: 42/41/17 Blend
72$1,840,000$1,840,000$1,840,000$1,840,000
73$2,029,852$1,932,332$1,903,812$2,104,915
74$2,212,229$2,002,348$1,942,921$2,228,152
75$2,412,430$2,075,017$1,982,564$2,359,086
76$2,632,251$2,150,446$2,022,732$2,500,381
77$2,873,666$2,228,744$2,063,420$2,652,999
78$3,138,853$2,310,025$2,104,617$2,817,993
79$3,430,210$2,394,410$2,146,315$2,996,524
80$3,750,377$2,482,022$2,188,503$3,189,866
81$4,102,266$2,572,991$2,231,168$3,399,419
82$4,489,082$2,667,452$2,274,297$3,626,723
83$4,914,356$2,765,546$2,317,874$3,873,471
84$5,381,982$2,867,419$2,361,884$4,141,525
85$5,896,246$2,973,224$2,406,309$4,432,930
86$6,461,872$3,083,121$2,451,129$4,749,940
87$7,084,064$3,197,276$2,496,324$5,095,030
88$7,768,557$3,315,861$2,541,869$5,470,925
89$8,521,669$3,439,057$2,587,740$5,880,622
90$9,350,361$3,567,052$2,633,911$6,327,420
91$10,262,303$3,700,043$2,680,352$6,814,948
92$11,265,946$3,838,233$2,727,033$7,347,201
93$12,370,604$3,981,837$2,773,919$7,928,574
94$13,586,535$4,131,077$2,820,975$8,563,906
95$14,925,047$4,286,185$2,868,163$9,258,523
96$16,398,596$4,447,402$2,915,441$10,018,287
97$18,020,910$4,614,982$2,962,765$10,849,653
98$19,807,114$4,789,188$3,010,089$11,759,728
99$21,773,875$4,970,294$3,057,363$12,756,333
100$23,939,559$5,158,586$3,104,533$13,848,084