Can I retire at age 73 with 1,860,000?

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$153,597$152,229$150,894$149,591$148,319$145,443
2 years$76,038$74,622$73,250$71,919$70,628$67,743
3 years$50,189$48,766$47,397$46,079$44,809$42,004
4 years$37,266$35,848$34,493$33,197$31,958$29,255
5 years$29,515$28,106$26,768$25,499$24,294$21,700
6 years$24,349$22,950$21,633$20,392$19,223$16,741
7 years$20,661$19,274$17,977$16,765$15,634$13,265
8 years$17,896$16,521$15,246$14,064$12,970$10,713
9 years$15,746$14,385$13,131$11,979$10,922$8,776
10 years$14,027$12,679$11,448$10,326$9,306$7,269
11 years$12,622$11,288$10,079$8,987$8,004$6,073
12 years$11,452$10,131$8,945$7,883$6,936$5,109
13 years$10,463$9,156$7,991$6,959$6,048$4,322
14 years$9,615$8,322$7,180$6,178$5,302$3,673
15 years$8,882$7,602$6,483$5,509$4,668$3,133
16 years$8,241$6,975$5,878$4,933$4,126$2,681
17 years$7,675$6,424$5,348$4,432$3,658$2,300
18 years$7,173$5,936$4,882$3,994$3,253$1,978
19 years$6,725$5,501$4,470$3,609$2,899$1,705
20 years$6,322$5,112$4,102$3,269$2,590$1,471
21 years$5,957$4,762$3,773$2,967$2,317$1,271
22 years$5,626$4,445$3,477$2,697$2,077$1,100
23 years$5,325$4,157$3,211$2,457$1,865$953
24 years$5,049$3,895$2,969$2,241$1,676$826
25 years$4,795$3,655$2,750$2,046$1,508$717
26 years$4,562$3,435$2,551$1,871$1,358$622
27 years$4,346$3,233$2,369$1,713$1,225$540
28 years$4,146$3,047$2,202$1,569$1,105$470
29 years$3,959$2,874$2,049$1,439$998$408
30 years$3,786$2,714$1,909$1,321$902$355
31 years$3,624$2,566$1,779$1,213$815$309
32 years$3,473$2,428$1,660$1,115$737$269
33 years$3,331$2,299$1,550$1,025$667$234
34 years$3,198$2,179$1,448$943$604$204
35 years$3,072$2,067$1,354$868$547$177
36 years$2,954$1,962$1,267$800$496$154
37 years$2,843$1,863$1,186$737$449$135
38 years$2,737$1,771$1,110$679$407$117
39 years$2,637$1,684$1,040$626$369$102
40 years$2,543$1,602$975$577$335$89
41 years$2,453$1,525$914$533$304$78
42 years$2,368$1,452$858$492$276$68
43 years$2,287$1,384$805$454$250$59
44 years$2,210$1,319$755$419$227$51
45 years$2,136$1,258$709$387$206$45
46 years$2,066$1,200$666$358$187$39
47 years$2,000$1,145$626$330$170$34
48 years$1,936$1,093$588$305$154$30
49 years$1,874$1,044$553$282$140$26
50 years$1,816$997$520$261$127$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,860,000, adding $5,656 every year, while hoping to spend $50,868 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: 59/32/9 Blend
72$1,860,000$1,860,000$1,860,000$1,860,000
73$2,055,554$1,956,974$1,928,144$2,172,283
74$2,211,098$1,998,743$1,938,614$2,293,138
75$2,380,801$2,040,853$1,947,729$2,418,595
76$2,566,057$2,083,268$1,955,392$2,554,133
77$2,768,394$2,125,948$1,961,497$2,700,726
78$2,989,498$2,168,848$1,965,935$2,859,445
79$3,231,225$2,211,919$1,968,592$3,031,469
80$3,495,618$2,255,111$1,969,347$3,218,097
81$3,784,924$2,298,365$1,968,074$3,420,762
82$4,101,622$2,341,620$1,964,640$3,641,040
83$4,448,438$2,384,810$1,958,906$3,880,670
84$4,828,376$2,427,863$1,950,726$4,141,566
85$5,244,742$2,470,700$1,939,948$4,425,840
86$5,701,180$2,513,238$1,926,410$4,735,815
87$6,201,700$2,555,387$1,909,945$5,074,056
88$6,750,722$2,597,050$1,890,377$5,443,386
89$7,353,113$2,638,123$1,867,522$5,846,917
90$8,014,233$2,678,493$1,841,186$6,288,080
91$8,739,987$2,718,041$1,811,168$6,770,655
92$9,536,879$2,756,638$1,777,255$7,298,808
93$10,412,074$2,794,148$1,739,227$7,877,132
94$11,373,467$2,830,422$1,696,852$8,510,687
95$12,429,751$2,865,303$1,649,887$9,205,052
96$13,590,506$2,898,623$1,598,079$9,966,376
97$14,866,285$2,930,203$1,541,162$10,801,435
98$16,268,714$2,959,851$1,478,859$11,717,698
99$17,810,603$2,987,363$1,410,880$12,723,398
100$19,506,062$3,012,522$1,336,922$13,827,610