Can I retire at age 73 with 1,940,000?

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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$160,203$158,776$157,384$156,025$154,698$153,146
2 years$79,309$77,832$76,400$75,012$73,666$72,103
3 years$52,347$50,864$49,436$48,061$46,737$45,211
4 years$38,869$37,390$35,977$34,625$33,333$31,856
5 years$30,784$29,314$27,919$26,596$25,339$23,916
6 years$25,396$23,937$22,563$21,269$20,050$18,682
7 years$21,549$20,103$18,750$17,486$16,306$14,994
8 years$18,665$17,232$15,901$14,669$13,527$12,271
9 years$16,423$15,003$13,696$12,494$11,392$10,191
10 years$14,631$13,225$11,940$10,770$9,707$8,560
11 years$13,165$11,773$10,512$9,373$8,348$7,255
12 years$11,945$10,567$9,329$8,222$7,234$6,193
13 years$10,913$9,549$8,335$7,259$6,308$5,319
14 years$10,029$8,680$7,489$6,443$5,530$4,590
15 years$9,264$7,929$6,762$5,746$4,869$3,978
16 years$8,595$7,275$6,130$5,145$4,303$3,459
17 years$8,005$6,700$5,578$4,623$3,816$3,017
18 years$7,482$6,191$5,092$4,166$3,393$2,638
19 years$7,014$5,738$4,662$3,765$3,024$2,311
20 years$6,593$5,332$4,278$3,409$2,701$2,029
21 years$6,213$4,967$3,935$3,094$2,417$1,784
22 years$5,868$4,636$3,627$2,813$2,167$1,571
23 years$5,554$4,336$3,349$2,562$1,945$1,385
24 years$5,266$4,063$3,097$2,337$1,748$1,222
25 years$5,002$3,813$2,869$2,134$1,573$1,080
26 years$4,758$3,583$2,660$1,951$1,417$955
27 years$4,533$3,372$2,470$1,786$1,277$845
28 years$4,324$3,178$2,297$1,637$1,153$748
29 years$4,130$2,998$2,137$1,501$1,041$663
30 years$3,949$2,831$1,991$1,377$940$587
31 years$3,780$2,676$1,856$1,265$850$521
32 years$3,622$2,532$1,732$1,163$769$462
33 years$3,474$2,398$1,617$1,069$696$410
34 years$3,335$2,273$1,511$984$630$364
35 years$3,204$2,156$1,412$905$571$323
36 years$3,081$2,046$1,321$834$517$287
37 years$2,965$1,943$1,237$768$469$255
38 years$2,855$1,847$1,158$708$425$226
39 years$2,751$1,756$1,085$653$385$201
40 years$2,652$1,671$1,017$602$350$179
41 years$2,559$1,591$954$556$317$159
42 years$2,470$1,515$894$513$288$141
43 years$2,385$1,443$839$473$261$125
44 years$2,305$1,376$788$437$237$112
45 years$2,228$1,312$740$404$215$99
46 years$2,155$1,251$695$373$195$88
47 years$2,086$1,194$653$345$177$78
48 years$2,019$1,140$613$318$161$70
49 years$1,955$1,089$577$294$146$62
50 years$1,894$1,040$542$272$133$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,940,000, adding $3,908 every year, while hoping to spend $27,986 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: 49/25/26 Blend
72$1,940,000$1,940,000$1,940,000$1,940,000
73$2,141,911$2,039,091$2,009,021$2,230,899
74$2,330,609$2,109,230$2,046,546$2,363,668
75$2,537,616$2,181,867$2,084,391$2,504,732
76$2,764,771$2,257,096$2,122,536$2,657,439
77$3,014,097$2,335,014$2,160,960$2,822,899
78$3,287,825$2,415,719$2,199,643$3,002,340
79$3,588,412$2,499,318$2,238,559$3,197,107
80$3,918,563$2,585,918$2,277,684$3,408,683
81$4,281,259$2,675,631$2,316,989$3,638,701
82$4,679,786$2,768,574$2,356,446$3,888,957
83$5,117,760$2,864,870$2,396,023$4,161,428
84$5,599,167$2,964,645$2,435,685$4,458,290
85$6,128,399$3,068,029$2,475,398$4,781,939
86$6,710,293$3,175,160$2,515,121$5,135,012
87$7,350,179$3,286,179$2,554,814$5,520,415
88$8,053,930$3,401,235$2,594,433$5,941,346
89$8,828,016$3,520,480$2,633,931$6,401,325
90$9,679,564$3,644,075$2,673,259$6,904,231
91$10,616,430$3,772,185$2,712,364$7,454,334
92$11,647,268$3,904,983$2,751,189$8,056,337
93$12,781,611$4,042,650$2,789,676$8,715,421
94$14,029,967$4,185,371$2,827,762$9,437,291
95$15,403,911$4,333,341$2,865,379$10,228,230
96$16,916,198$4,486,763$2,902,458$11,095,161
97$18,580,883$4,645,847$2,938,922$12,045,707
98$20,413,451$4,810,812$2,974,694$13,088,268
99$22,430,967$4,981,886$3,009,691$14,232,094
100$24,652,233$5,159,305$3,043,822$15,487,377