Can I retire at age 73 with 1,930,000?

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 $1,930,000?

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$159,378$157,958$156,573$155,221$153,901$152,484
2 years$78,900$77,430$76,006$74,625$73,286$71,859
3 years$52,077$50,602$49,181$47,813$46,496$45,102
4 years$38,669$37,198$35,791$34,447$33,161$31,812
5 years$30,626$29,163$27,775$26,458$25,209$23,907
6 years$25,265$23,814$22,447$21,159$19,947$18,695
7 years$21,438$19,999$18,653$17,396$16,222$15,021
8 years$18,569$17,143$15,819$14,593$13,458$12,307
9 years$16,339$14,926$13,625$12,430$11,333$10,233
10 years$14,555$13,156$11,879$10,715$9,657$8,606
11 years$13,097$11,712$10,458$9,325$8,305$7,303
12 years$11,883$10,512$9,281$8,179$7,197$6,242
13 years$10,857$9,500$8,292$7,221$6,276$5,367
14 years$9,977$8,635$7,451$6,410$5,501$4,638
15 years$9,216$7,889$6,727$5,717$4,844$4,025
16 years$8,551$7,238$6,099$5,119$4,281$3,505
17 years$7,964$6,666$5,550$4,599$3,796$3,061
18 years$7,443$6,159$5,066$4,145$3,375$2,680
19 years$6,978$5,708$4,638$3,745$3,008$2,352
20 years$6,559$5,305$4,256$3,392$2,687$2,068
21 years$6,181$4,941$3,915$3,078$2,405$1,821
22 years$5,838$4,612$3,608$2,799$2,155$1,606
23 years$5,525$4,314$3,332$2,549$1,935$1,418
24 years$5,239$4,042$3,081$2,325$1,739$1,253
25 years$4,976$3,793$2,854$2,123$1,565$1,109
26 years$4,733$3,565$2,647$1,941$1,410$982
27 years$4,509$3,355$2,458$1,777$1,271$870
28 years$4,302$3,161$2,285$1,628$1,147$772
29 years$4,108$2,982$2,126$1,493$1,035$685
30 years$3,929$2,816$1,980$1,370$936$608
31 years$3,761$2,662$1,846$1,258$846$540
32 years$3,604$2,519$1,723$1,157$765$480
33 years$3,456$2,386$1,608$1,064$692$426
34 years$3,318$2,261$1,503$979$627$379
35 years$3,188$2,145$1,405$901$568$337
36 years$3,065$2,036$1,314$830$515$300
37 years$2,950$1,933$1,230$764$466$267
38 years$2,840$1,837$1,152$705$423$237
39 years$2,737$1,747$1,079$650$383$211
40 years$2,639$1,662$1,012$599$348$188
41 years$2,546$1,582$949$553$315$167
42 years$2,457$1,507$890$510$286$149
43 years$2,373$1,436$835$471$260$133
44 years$2,293$1,369$784$435$236$118
45 years$2,217$1,305$736$402$214$105
46 years$2,144$1,245$691$371$194$94
47 years$2,075$1,188$649$343$176$84
48 years$2,008$1,134$610$317$160$74
49 years$1,945$1,083$574$293$146$66
50 years$1,884$1,035$539$271$132$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,930,000, adding $5,148 every year, while hoping to spend $29,804 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: 73/15/12 Blend
72$1,930,000$1,930,000$1,930,000$1,930,000
73$2,132,170$2,029,880$1,999,965$2,282,227
74$2,317,940$2,097,633$2,035,253$2,449,887
75$2,521,660$2,167,707$2,070,724$2,629,282
76$2,745,129$2,240,184$2,106,352$2,824,965
77$2,990,329$2,315,150$2,142,112$3,038,541
78$3,259,443$2,392,693$2,177,973$3,271,775
79$3,554,875$2,472,904$2,213,905$3,526,613
80$3,879,276$2,555,879$2,249,873$3,805,197
81$4,235,562$2,641,717$2,285,844$4,109,886
82$4,626,948$2,730,520$2,321,779$4,443,277
83$5,056,975$2,822,394$2,357,637$4,808,230
84$5,529,544$2,917,450$2,393,376$5,207,896
85$6,048,954$3,015,801$2,428,950$5,645,744
86$6,619,938$3,117,566$2,464,310$6,125,597
87$7,247,713$3,222,868$2,499,406$6,651,664
88$7,938,027$3,331,835$2,534,183$7,228,580
89$8,697,210$3,444,600$2,568,583$7,861,455
90$9,532,240$3,561,299$2,602,544$8,555,914
91$10,450,801$3,682,076$2,636,003$9,318,155
92$11,461,364$3,807,079$2,668,890$10,155,005
93$12,573,258$3,936,461$2,701,133$11,073,987
94$13,796,765$4,070,382$2,732,656$12,083,385
95$15,143,213$4,209,008$2,763,377$13,192,331
96$16,625,081$4,352,511$2,793,211$14,410,879
97$18,256,125$4,501,069$2,822,069$15,750,113
98$20,051,496$4,654,867$2,849,854$17,222,238
99$22,027,892$4,814,099$2,876,468$18,840,706
100$24,203,712$4,978,965$2,901,804$20,620,336