Can I retire at age 73 with 1,850,000?

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 $1,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$152,771$151,410$150,083$148,787$147,522$144,543
2 years$75,629$74,221$72,856$71,532$70,248$67,261
3 years$49,919$48,504$47,142$45,831$44,568$41,665
4 years$37,066$35,656$34,308$33,019$31,787$28,989
5 years$29,356$27,954$26,624$25,362$24,164$21,480
6 years$24,218$22,827$21,516$20,282$19,120$16,554
7 years$20,550$19,170$17,880$16,675$15,550$13,101
8 years$17,799$16,432$15,164$13,988$12,900$10,569
9 years$15,661$14,307$13,061$11,915$10,864$8,648
10 years$13,952$12,611$11,386$10,271$9,256$7,154
11 years$12,554$11,227$10,024$8,939$7,961$5,969
12 years$11,391$10,077$8,896$7,840$6,899$5,015
13 years$10,407$9,106$7,948$6,922$6,016$4,237
14 years$9,564$8,277$7,142$6,144$5,273$3,595
15 years$8,834$7,562$6,448$5,480$4,643$3,063
16 years$8,196$6,938$5,846$4,907$4,104$2,617
17 years$7,634$6,389$5,320$4,408$3,638$2,243
18 years$7,135$5,904$4,856$3,973$3,235$1,926
19 years$6,689$5,472$4,446$3,590$2,884$1,657
20 years$6,288$5,085$4,080$3,251$2,576$1,428
21 years$5,925$4,736$3,753$2,951$2,305$1,232
22 years$5,596$4,421$3,459$2,683$2,066$1,064
23 years$5,296$4,135$3,194$2,443$1,855$920
24 years$5,022$3,874$2,953$2,229$1,667$797
25 years$4,770$3,636$2,736$2,035$1,500$690
26 years$4,537$3,417$2,537$1,861$1,351$598
27 years$4,322$3,216$2,356$1,703$1,218$519
28 years$4,123$3,030$2,190$1,561$1,099$450
29 years$3,938$2,859$2,038$1,431$993$391
30 years$3,766$2,700$1,898$1,313$897$339
31 years$3,605$2,552$1,770$1,206$811$295
32 years$3,454$2,415$1,651$1,109$733$256
33 years$3,313$2,287$1,542$1,019$664$222
34 years$3,180$2,167$1,441$938$601$193
35 years$3,056$2,056$1,347$863$544$168
36 years$2,938$1,951$1,260$795$493$146
37 years$2,827$1,853$1,179$733$447$127
38 years$2,722$1,761$1,104$675$405$110
39 years$2,623$1,675$1,035$623$367$96
40 years$2,529$1,593$970$574$333$84
41 years$2,440$1,517$909$530$302$73
42 years$2,355$1,444$853$489$274$63
43 years$2,275$1,376$800$451$249$55
44 years$2,198$1,312$751$417$226$48
45 years$2,125$1,251$705$385$205$42
46 years$2,055$1,193$663$356$186$36
47 years$1,989$1,139$622$329$169$32
48 years$1,925$1,087$585$304$154$27
49 years$1,864$1,038$550$281$140$24
50 years$1,806$992$517$259$127$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,850,000, adding $5,030 every year, while hoping to spend $24,056 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: 41/29/30 Blend
72$1,850,000$1,850,000$1,850,000$1,850,000
73$2,043,888$1,945,838$1,917,163$2,109,487
74$2,226,770$2,015,589$1,955,793$2,227,346
75$2,427,499$2,087,951$1,994,910$2,352,235
76$2,647,870$2,163,028$2,034,507$2,486,974
77$2,889,862$2,240,925$2,074,571$2,632,486
78$3,155,652$2,321,754$2,115,094$2,789,787
79$3,447,639$2,405,631$2,156,060$2,959,991
80$3,768,468$2,492,677$2,197,458$3,144,326
81$4,121,050$2,583,017$2,239,272$3,344,140
82$4,508,594$2,676,781$2,281,484$3,560,919
83$4,934,635$2,774,107$2,324,077$3,796,294
84$5,403,065$2,875,136$2,367,032$4,052,063
85$5,918,176$2,980,016$2,410,325$4,330,201
86$6,484,694$3,088,901$2,453,936$4,632,886
87$7,107,827$3,201,952$2,497,837$4,962,510
88$7,793,314$3,319,335$2,542,002$5,321,709
89$8,547,475$3,441,226$2,586,402$5,713,383
90$9,377,276$3,567,805$2,631,006$6,140,725
91$10,290,394$3,699,263$2,675,780$6,607,249
92$11,295,283$3,835,796$2,720,688$7,116,827
93$12,401,262$3,977,610$2,765,691$7,673,718
94$13,618,597$4,124,919$2,810,748$8,282,614
95$14,958,601$4,277,948$2,855,815$8,948,679
96$16,433,740$4,436,928$2,900,846$9,677,604
97$18,057,747$4,602,103$2,945,791$10,475,651
98$19,845,758$4,773,727$2,990,595$11,349,720
99$21,814,448$4,952,063$3,035,203$12,307,408
100$23,982,195$5,137,387$3,079,555$13,357,084