Can I retire at age 73 with 1,910,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$157,726$156,321$154,950$153,612$152,306$151,473
2 years$78,082$76,628$75,219$73,852$72,527$71,686
3 years$51,538$50,077$48,671$47,318$46,014$45,192
4 years$38,268$36,812$35,420$34,090$32,818$32,020
5 years$30,308$28,861$27,488$26,184$24,947$24,177
6 years$25,004$23,567$22,214$20,940$19,740$18,998
7 years$21,216$19,792$18,460$17,216$16,054$15,341
8 years$18,377$16,965$15,656$14,442$13,318$12,634
9 years$16,169$14,771$13,484$12,301$11,216$10,560
10 years$14,405$13,020$11,756$10,604$9,557$8,928
11 years$12,962$11,591$10,350$9,228$8,219$7,618
12 years$11,760$10,404$9,185$8,095$7,122$6,549
13 years$10,744$9,402$8,206$7,146$6,211$5,664
14 years$9,874$8,546$7,373$6,344$5,444$4,924
15 years$9,121$7,807$6,657$5,657$4,794$4,298
16 years$8,462$7,163$6,036$5,066$4,237$3,766
17 years$7,882$6,597$5,492$4,551$3,756$3,310
18 years$7,366$6,095$5,014$4,102$3,340$2,916
19 years$6,906$5,649$4,590$3,706$2,977$2,576
20 years$6,491$5,250$4,212$3,357$2,659$2,279
21 years$6,117$4,890$3,874$3,046$2,380$2,021
22 years$5,778$4,564$3,571$2,770$2,133$1,794
23 years$5,468$4,269$3,297$2,523$1,915$1,595
24 years$5,185$4,000$3,049$2,301$1,721$1,419
25 years$4,924$3,754$2,824$2,101$1,549$1,265
26 years$4,684$3,528$2,619$1,921$1,395$1,128
27 years$4,463$3,320$2,432$1,759$1,258$1,007
28 years$4,257$3,128$2,261$1,611$1,135$899
29 years$4,066$2,951$2,104$1,478$1,025$803
30 years$3,888$2,787$1,960$1,356$926$718
31 years$3,722$2,635$1,827$1,245$837$643
32 years$3,566$2,493$1,705$1,145$757$575
33 years$3,421$2,361$1,592$1,052$685$515
34 years$3,284$2,238$1,487$968$620$461
35 years$3,155$2,122$1,391$891$562$413
36 years$3,034$2,014$1,301$821$509$371
37 years$2,919$1,913$1,218$756$461$332
38 years$2,811$1,818$1,140$697$418$298
39 years$2,708$1,729$1,068$643$379$267
40 years$2,611$1,645$1,001$593$344$240
41 years$2,519$1,566$939$547$312$215
42 years$2,432$1,491$881$505$283$193
43 years$2,349$1,421$826$466$257$173
44 years$2,269$1,354$776$430$233$155
45 years$2,194$1,292$728$397$212$140
46 years$2,122$1,232$684$367$192$125
47 years$2,053$1,176$643$339$175$112
48 years$1,988$1,122$604$313$159$101
49 years$1,925$1,072$568$290$144$91
50 years$1,865$1,024$534$268$131$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,910,000, adding $3,173 every year, while hoping to spend $52,609 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: 68/8/24 Blend
72$1,910,000$1,910,000$1,910,000$1,910,000
73$2,108,093$2,006,863$1,977,258$2,238,309
74$2,267,143$2,049,224$1,987,521$2,368,414
75$2,440,653$2,091,897$1,996,364$2,504,353
76$2,630,042$2,134,842$2,003,684$2,651,841
77$2,836,872$2,178,016$2,009,374$2,812,019
78$3,062,864$2,221,370$2,013,319$2,986,142
79$3,309,912$2,264,852$2,015,401$3,175,597
80$3,580,099$2,308,406$2,015,493$3,381,910
81$3,875,721$2,351,970$2,013,464$3,606,763
82$4,199,306$2,395,478$2,009,176$3,852,010
83$4,553,637$2,438,858$2,002,486$4,119,696
84$4,941,779$2,482,033$1,993,240$4,412,074
85$5,367,107$2,524,919$1,981,279$4,731,625
86$5,833,338$2,567,426$1,966,439$5,081,088
87$6,344,566$2,609,458$1,948,542$5,463,479
88$6,905,301$2,650,911$1,927,408$5,882,122
89$7,520,509$2,691,673$1,902,843$6,340,684
90$8,195,661$2,731,625$1,874,648$6,843,203
91$8,936,782$2,770,638$1,842,612$7,394,133
92$9,750,510$2,808,575$1,806,516$7,998,381
93$10,644,157$2,845,290$1,766,129$8,661,358
94$11,625,777$2,880,625$1,721,211$9,389,027
95$12,704,244$2,914,414$1,671,509$10,187,961
96$13,889,332$2,946,476$1,616,760$11,065,405
97$15,191,811$2,976,620$1,556,689$12,029,344
98$16,623,545$3,004,643$1,491,006$13,088,580
99$18,197,604$3,030,328$1,419,412$14,252,816
100$19,928,388$3,053,443$1,341,591$15,532,745