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%12.5%
1 years$155,249$153,866$152,517$151,200$149,914$148,348
2 years$76,856$75,424$74,037$72,692$71,388$69,811
3 years$50,728$49,291$47,907$46,575$45,291$43,752
4 years$37,667$36,234$34,864$33,554$32,302$30,813
5 years$29,832$28,408$27,056$25,773$24,556$23,121
6 years$24,611$23,197$21,865$20,611$19,430$18,051
7 years$20,883$19,481$18,170$16,945$15,802$14,479
8 years$18,088$16,699$15,410$14,215$13,109$11,843
9 years$15,915$14,539$13,272$12,108$11,040$9,830
10 years$14,178$12,816$11,571$10,437$9,406$8,251
11 years$12,758$11,409$10,187$9,084$8,090$6,989
12 years$11,575$10,240$9,041$7,967$7,010$5,963
13 years$10,575$9,254$8,077$7,034$6,113$5,117
14 years$9,719$8,412$7,257$6,244$5,359$4,413
15 years$8,977$7,684$6,553$5,569$4,718$3,822
16 years$8,329$7,050$5,941$4,986$4,170$3,321
17 years$7,758$6,493$5,406$4,480$3,697$2,895
18 years$7,250$6,000$4,935$4,037$3,288$2,529
19 years$6,797$5,560$4,518$3,648$2,930$2,215
20 years$6,390$5,167$4,146$3,304$2,617$1,943
21 years$6,021$4,813$3,814$2,999$2,342$1,707
22 years$5,687$4,493$3,515$2,726$2,100$1,502
23 years$5,382$4,202$3,245$2,483$1,885$1,323
24 years$5,103$3,937$3,001$2,265$1,694$1,167
25 years$4,847$3,695$2,780$2,068$1,524$1,030
26 years$4,611$3,472$2,578$1,891$1,373$910
27 years$4,392$3,268$2,394$1,731$1,238$804
28 years$4,190$3,079$2,226$1,586$1,117$712
29 years$4,002$2,905$2,071$1,454$1,009$630
30 years$3,827$2,743$1,929$1,335$911$558
31 years$3,663$2,593$1,799$1,226$824$494
32 years$3,510$2,454$1,678$1,127$745$438
33 years$3,367$2,324$1,567$1,036$675$388
34 years$3,232$2,203$1,464$953$611$344
35 years$3,105$2,089$1,369$877$553$305
36 years$2,986$1,983$1,280$808$501$271
37 years$2,873$1,883$1,198$745$454$241
38 years$2,767$1,790$1,122$686$412$213
39 years$2,666$1,702$1,051$633$373$190
40 years$2,570$1,619$985$584$339$168
41 years$2,480$1,541$924$538$307$149
42 years$2,394$1,468$867$497$279$133
43 years$2,312$1,399$813$459$253$118
44 years$2,234$1,333$764$424$230$105
45 years$2,159$1,271$717$391$209$93
46 years$2,089$1,213$673$361$189$83
47 years$2,021$1,157$633$334$172$73
48 years$1,956$1,105$594$308$156$65
49 years$1,895$1,055$559$285$142$58
50 years$1,836$1,008$525$264$129$51

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 $3,349 every year, while hoping to spend $36,189 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: 38/39/23 Blend
72$1,880,000$1,880,000$1,880,000$1,880,000
73$2,075,214$1,975,574$1,946,434$2,139,695
74$2,248,382$2,033,873$1,973,135$2,245,159
75$2,437,999$2,093,815$1,999,518$2,355,437
76$2,645,706$2,155,443$2,025,533$2,473,895
77$2,873,308$2,218,800$2,051,129$2,601,295
78$3,122,795$2,283,931$2,076,251$2,738,474
79$3,396,357$2,350,880$2,100,842$2,886,356
80$3,696,405$2,419,693$2,124,840$3,045,954
81$4,025,598$2,490,417$2,148,181$3,218,384
82$4,386,861$2,563,100$2,170,797$3,404,877
83$4,783,418$2,637,789$2,192,617$3,606,784
84$5,218,821$2,714,535$2,213,563$3,825,595
85$5,696,981$2,793,388$2,233,558$4,062,950
86$6,222,207$2,874,398$2,252,516$4,320,654
87$6,799,247$2,957,618$2,270,350$4,600,696
88$7,433,329$3,043,100$2,286,966$4,905,265
89$8,130,216$3,130,899$2,302,266$5,236,772
90$8,896,253$3,221,069$2,316,148$5,597,874
91$9,738,435$3,313,664$2,328,502$5,991,495
92$10,664,463$3,408,742$2,339,215$6,420,857
93$11,682,827$3,506,359$2,348,168$6,889,510
94$12,802,878$3,606,573$2,355,233$7,401,364
95$14,034,918$3,709,442$2,360,281$7,960,726
96$15,390,300$3,815,025$2,363,170$8,572,340
97$16,881,532$3,923,382$2,363,758$9,241,435
98$18,522,394$4,034,573$2,361,889$9,973,770
99$20,328,070$4,148,660$2,357,405$10,775,690
100$22,315,292$4,265,703$2,350,136$11,654,188