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%12.2%
1 years$153,597$152,229$150,894$149,591$148,319$146,954
2 years$76,038$74,622$73,250$71,919$70,628$69,252
3 years$50,189$48,766$47,397$46,079$44,809$43,466
4 years$37,266$35,848$34,493$33,197$31,958$30,658
5 years$29,515$28,106$26,768$25,499$24,294$23,040
6 years$24,349$22,950$21,633$20,392$19,223$18,017
7 years$20,661$19,274$17,977$16,765$15,634$14,476
8 years$17,896$16,521$15,246$14,064$12,970$11,861
9 years$15,746$14,385$13,131$11,979$10,922$9,862
10 years$14,027$12,679$11,448$10,326$9,306$8,293
11 years$12,622$11,288$10,079$8,987$8,004$7,038
12 years$11,452$10,131$8,945$7,883$6,936$6,016
13 years$10,463$9,156$7,991$6,959$6,048$5,173
14 years$9,615$8,322$7,180$6,178$5,302$4,470
15 years$8,882$7,602$6,483$5,509$4,668$3,879
16 years$8,241$6,975$5,878$4,933$4,126$3,378
17 years$7,675$6,424$5,348$4,432$3,658$2,950
18 years$7,173$5,936$4,882$3,994$3,253$2,583
19 years$6,725$5,501$4,470$3,609$2,899$2,267
20 years$6,322$5,112$4,102$3,269$2,590$1,993
21 years$5,957$4,762$3,773$2,967$2,317$1,755
22 years$5,626$4,445$3,477$2,697$2,077$1,548
23 years$5,325$4,157$3,211$2,457$1,865$1,366
24 years$5,049$3,895$2,969$2,241$1,676$1,208
25 years$4,795$3,655$2,750$2,046$1,508$1,069
26 years$4,562$3,435$2,551$1,871$1,358$946
27 years$4,346$3,233$2,369$1,713$1,225$839
28 years$4,146$3,047$2,202$1,569$1,105$744
29 years$3,959$2,874$2,049$1,439$998$660
30 years$3,786$2,714$1,909$1,321$902$586
31 years$3,624$2,566$1,779$1,213$815$520
32 years$3,473$2,428$1,660$1,115$737$462
33 years$3,331$2,299$1,550$1,025$667$411
34 years$3,198$2,179$1,448$943$604$365
35 years$3,072$2,067$1,354$868$547$325
36 years$2,954$1,962$1,267$800$496$289
37 years$2,843$1,863$1,186$737$449$257
38 years$2,737$1,771$1,110$679$407$229
39 years$2,637$1,684$1,040$626$369$204
40 years$2,543$1,602$975$577$335$181
41 years$2,453$1,525$914$533$304$161
42 years$2,368$1,452$858$492$276$144
43 years$2,287$1,384$805$454$250$128
44 years$2,210$1,319$755$419$227$114
45 years$2,136$1,258$709$387$206$101
46 years$2,066$1,200$666$358$187$90
47 years$2,000$1,145$626$330$170$81
48 years$1,936$1,093$588$305$154$72
49 years$1,874$1,044$553$282$140$64
50 years$1,816$997$520$261$127$57

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 $2,829 every year, while hoping to spend $55,977 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: 60/31/9 Blend
72$1,860,000$1,860,000$1,860,000$1,860,000
73$2,052,638$1,954,058$1,925,228$2,171,488
74$2,202,448$1,990,248$1,930,164$2,287,731
75$2,365,663$2,026,335$1,933,389$2,407,832
76$2,543,590$2,062,255$1,934,788$2,537,442
77$2,737,669$2,097,939$1,934,236$2,677,479
78$2,949,486$2,133,312$1,931,608$2,828,954
79$3,180,784$2,168,295$1,926,767$2,992,983
80$3,433,484$2,202,801$1,919,573$3,170,794
81$3,709,699$2,236,738$1,909,879$3,363,741
82$4,011,757$2,270,007$1,897,529$3,573,317
83$4,342,221$2,302,502$1,882,360$3,801,166
84$4,703,911$2,334,109$1,864,204$4,049,103
85$5,099,936$2,364,706$1,842,880$4,319,124
86$5,533,717$2,394,163$1,818,204$4,613,433
87$6,009,021$2,422,342$1,789,979$4,934,459
88$6,529,998$2,449,094$1,758,000$5,284,877
89$7,101,219$2,474,261$1,722,054$5,667,639
90$7,727,717$2,497,674$1,681,917$6,085,996
91$8,415,036$2,519,152$1,637,353$6,543,536
92$9,169,284$2,538,504$1,588,118$7,044,210
93$9,997,185$2,555,525$1,533,955$7,592,376
94$10,906,151$2,569,999$1,474,595$8,192,838
95$11,904,343$2,581,693$1,409,758$8,850,892
96$13,000,752$2,590,362$1,339,151$9,572,374
97$14,205,282$2,595,744$1,262,467$10,363,722
98$15,528,846$2,597,560$1,179,385$11,232,030
99$16,983,465$2,595,517$1,089,570$12,185,118
100$18,582,381$2,589,300$992,673$13,231,610