Can I retire at age 73 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$161,029$159,595$158,195$156,829$155,496$154,322
2 years$79,717$78,233$76,794$75,399$74,046$72,862
3 years$52,617$51,126$49,691$48,309$46,978$45,821
4 years$39,070$37,583$36,162$34,804$33,505$32,384
5 years$30,943$29,466$28,063$26,733$25,470$24,388
6 years$25,527$24,061$22,679$21,378$20,153$19,113
7 years$21,660$20,206$18,847$17,576$16,390$15,391
8 years$18,761$17,320$15,983$14,744$13,597$12,639
9 years$16,508$15,081$13,767$12,559$11,451$10,533
10 years$14,706$13,293$12,002$10,826$9,757$8,879
11 years$13,233$11,834$10,566$9,422$8,391$7,553
12 years$12,006$10,621$9,377$8,264$7,271$6,473
13 years$10,969$9,599$8,378$7,296$6,341$5,580
14 years$10,081$8,725$7,528$6,477$5,558$4,835
15 years$9,312$7,970$6,797$5,776$4,894$4,207
16 years$8,639$7,313$6,162$5,172$4,325$3,673
17 years$8,047$6,735$5,607$4,647$3,835$3,217
18 years$7,520$6,223$5,119$4,188$3,410$2,825
19 years$7,050$5,768$4,686$3,784$3,039$2,486
20 years$6,627$5,359$4,300$3,427$2,715$2,192
21 years$6,245$4,992$3,956$3,110$2,430$1,936
22 years$5,899$4,660$3,646$2,828$2,178$1,712
23 years$5,583$4,358$3,366$2,575$1,955$1,517
24 years$5,293$4,084$3,113$2,349$1,757$1,345
25 years$5,027$3,832$2,883$2,145$1,581$1,194
26 years$4,782$3,602$2,674$1,961$1,424$1,060
27 years$4,556$3,390$2,483$1,795$1,284$943
28 years$4,346$3,194$2,308$1,645$1,159$838
29 years$4,151$3,013$2,148$1,508$1,046$746
30 years$3,969$2,846$2,001$1,384$945$665
31 years$3,800$2,690$1,865$1,271$855$592
32 years$3,641$2,545$1,741$1,169$773$528
33 years$3,492$2,410$1,625$1,075$700$471
34 years$3,352$2,285$1,518$989$633$420
35 years$3,221$2,167$1,420$910$574$375
36 years$3,097$2,057$1,328$838$520$334
37 years$2,980$1,953$1,243$772$471$299
38 years$2,870$1,856$1,164$712$427$267
39 years$2,765$1,765$1,091$656$387$238
40 years$2,666$1,679$1,022$605$351$213
41 years$2,572$1,599$958$559$319$190
42 years$2,483$1,523$899$515$289$170
43 years$2,398$1,451$844$476$262$152
44 years$2,317$1,383$792$439$238$136
45 years$2,240$1,319$744$406$216$121
46 years$2,166$1,258$698$375$196$108
47 years$2,096$1,200$656$346$178$97
48 years$2,029$1,146$617$320$162$87
49 years$1,965$1,094$580$296$147$77
50 years$1,904$1,045$545$273$134$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,950,000, adding $6,765 every year, while hoping to spend $53,619 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: 69/10/21 Blend
72$1,950,000$1,950,000$1,950,000$1,950,000
73$2,155,878$2,052,528$2,022,303$2,292,933
74$2,318,727$2,096,052$2,033,000$2,428,918
75$2,496,390$2,139,911$2,042,258$2,570,768
76$2,690,321$2,184,066$2,049,973$2,724,687
77$2,902,121$2,228,472$2,056,034$2,891,867
78$3,133,552$2,273,082$2,060,326$3,073,616
79$3,386,554$2,317,843$2,062,727$3,271,378
80$3,663,265$2,362,699$2,063,110$3,486,744
81$3,966,035$2,407,588$2,061,341$3,721,467
82$4,297,454$2,452,444$2,057,280$3,977,480
83$4,660,376$2,497,195$2,050,780$4,256,912
84$5,057,940$2,541,763$2,041,687$4,562,108
85$5,493,604$2,586,064$2,029,838$4,895,656
86$5,971,179$2,630,008$2,015,065$5,260,406
87$6,494,859$2,673,499$1,997,189$5,659,499
88$7,069,265$2,716,430$1,976,026$6,096,398
89$7,699,486$2,758,692$1,951,379$6,574,917
90$8,391,128$2,800,162$1,923,044$7,099,265
91$9,150,366$2,840,713$1,890,809$7,674,074
92$9,984,002$2,880,206$1,854,449$8,304,456
93$10,899,528$2,918,493$1,813,731$8,996,041
94$11,905,197$2,955,418$1,768,409$9,755,036
95$13,010,104$2,990,809$1,718,227$10,588,281
96$14,224,264$3,024,489$1,662,917$11,503,317
97$15,558,713$3,056,263$1,602,199$12,508,453
98$17,025,608$3,085,926$1,535,779$13,612,849
99$18,638,344$3,113,260$1,463,352$14,826,601
100$20,411,677$3,138,032$1,384,596$16,160,834