Can I retire at age 73 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$155,249$153,866$152,517$151,200$149,914$148,844
2 years$76,856$75,424$74,037$72,692$71,388$70,309
3 years$50,728$49,291$47,907$46,575$45,291$44,237
4 years$37,667$36,234$34,864$33,554$32,302$31,281
5 years$29,832$28,408$27,056$25,773$24,556$23,570
6 years$24,611$23,197$21,865$20,611$19,430$18,481
7 years$20,883$19,481$18,170$16,945$15,802$14,890
8 years$18,088$16,699$15,410$14,215$13,109$12,235
9 years$15,915$14,539$13,272$12,108$11,040$10,202
10 years$14,178$12,816$11,571$10,437$9,406$8,606
11 years$12,758$11,409$10,187$9,084$8,090$7,325
12 years$11,575$10,240$9,041$7,967$7,010$6,281
13 years$10,575$9,254$8,077$7,034$6,113$5,418
14 years$9,719$8,412$7,257$6,244$5,359$4,698
15 years$8,977$7,684$6,553$5,569$4,718$4,090
16 years$8,329$7,050$5,941$4,986$4,170$3,574
17 years$7,758$6,493$5,406$4,480$3,697$3,132
18 years$7,250$6,000$4,935$4,037$3,288$2,752
19 years$6,797$5,560$4,518$3,648$2,930$2,424
20 years$6,390$5,167$4,146$3,304$2,617$2,139
21 years$6,021$4,813$3,814$2,999$2,342$1,890
22 years$5,687$4,493$3,515$2,726$2,100$1,673
23 years$5,382$4,202$3,245$2,483$1,885$1,483
24 years$5,103$3,937$3,001$2,265$1,694$1,316
25 years$4,847$3,695$2,780$2,068$1,524$1,169
26 years$4,611$3,472$2,578$1,891$1,373$1,039
27 years$4,392$3,268$2,394$1,731$1,238$925
28 years$4,190$3,079$2,226$1,586$1,117$823
29 years$4,002$2,905$2,071$1,454$1,009$733
30 years$3,827$2,743$1,929$1,335$911$654
31 years$3,663$2,593$1,799$1,226$824$583
32 years$3,510$2,454$1,678$1,127$745$520
33 years$3,367$2,324$1,567$1,036$675$464
34 years$3,232$2,203$1,464$953$611$414
35 years$3,105$2,089$1,369$877$553$370
36 years$2,986$1,983$1,280$808$501$330
37 years$2,873$1,883$1,198$745$454$295
38 years$2,767$1,790$1,122$686$412$264
39 years$2,666$1,702$1,051$633$373$236
40 years$2,570$1,619$985$584$339$211
41 years$2,480$1,541$924$538$307$189
42 years$2,394$1,468$867$497$279$169
43 years$2,312$1,399$813$459$253$151
44 years$2,234$1,333$764$424$230$135
45 years$2,159$1,271$717$391$209$121
46 years$2,089$1,213$673$361$189$108
47 years$2,021$1,157$633$334$172$97
48 years$1,956$1,105$594$308$156$86
49 years$1,895$1,055$559$285$142$77
50 years$1,836$1,008$525$264$129$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,880,000, adding $2,883 every year, while hoping to spend $49,331 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: 78/15/7 Blend
72$1,880,000$1,880,000$1,880,000$1,880,000
73$2,074,734$1,975,094$1,945,954$2,234,654
74$2,233,869$2,019,386$1,958,655$2,384,278
75$2,407,582$2,064,194$1,970,129$2,541,624
76$2,597,309$2,109,493$1,980,282$2,712,720
77$2,804,629$2,155,253$1,989,016$2,898,913
78$3,031,281$2,201,440$1,996,227$3,101,685
79$3,279,179$2,248,018$2,001,809$3,322,668
80$3,550,433$2,294,948$2,005,647$3,563,661
81$3,847,362$2,342,186$2,007,621$3,826,644
82$4,172,525$2,389,685$2,007,608$4,113,797
83$4,528,735$2,437,392$2,005,476$4,427,522
84$4,919,092$2,485,251$2,001,086$4,770,466
85$5,347,012$2,533,200$1,994,294$5,145,544
86$5,816,254$2,581,174$1,984,950$5,555,965
87$6,330,960$2,629,099$1,972,893$6,005,269
88$6,895,691$2,676,898$1,957,959$6,497,351
89$7,515,472$2,724,487$1,939,971$7,036,505
90$8,195,839$2,771,776$1,918,749$7,627,461
91$8,942,887$2,818,665$1,894,099$8,275,431
92$9,763,333$2,865,051$1,865,823$8,986,157
93$10,664,575$2,910,821$1,833,710$9,765,965
94$11,654,763$2,955,853$1,797,541$10,621,826
95$12,742,876$3,000,016$1,757,086$11,561,421
96$13,938,806$3,043,173$1,712,104$12,593,214
97$15,253,449$3,085,174$1,662,345$13,726,529
98$16,698,811$3,125,858$1,607,544$14,971,644
99$18,288,121$3,165,055$1,547,427$16,339,879
100$20,035,949$3,202,583$1,481,706$17,843,714