Can I retire at age 73 with 1,960,000?

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 $1,960,000?

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$161,855$160,413$159,007$157,634$156,293$154,725
2 years$80,126$78,634$77,188$75,785$74,425$72,846
3 years$52,887$51,388$49,946$48,556$47,218$45,677
4 years$39,270$37,776$36,348$34,982$33,677$32,185
5 years$31,102$29,617$28,207$26,870$25,600$24,163
6 years$25,658$24,184$22,796$21,488$20,257$18,875
7 years$21,771$20,310$18,943$17,666$16,474$15,148
8 years$18,858$17,409$16,065$14,820$13,667$12,397
9 years$16,593$15,158$13,837$12,623$11,510$10,296
10 years$14,782$13,361$12,064$10,881$9,807$8,648
11 years$13,301$11,894$10,621$9,470$8,434$7,329
12 years$12,068$10,676$9,425$8,307$7,309$6,257
13 years$11,025$9,648$8,421$7,333$6,373$5,373
14 years$10,132$8,770$7,566$6,510$5,587$4,637
15 years$9,359$8,011$6,831$5,806$4,919$4,019
16 years$8,684$7,350$6,194$5,198$4,348$3,495
17 years$8,088$6,769$5,636$4,671$3,855$3,048
18 years$7,559$6,255$5,145$4,209$3,428$2,665
19 years$7,086$5,797$4,710$3,803$3,055$2,335
20 years$6,661$5,387$4,323$3,445$2,729$2,050
21 years$6,278$5,018$3,976$3,126$2,442$1,803
22 years$5,929$4,684$3,664$2,842$2,189$1,587
23 years$5,611$4,381$3,383$2,589$1,965$1,399
24 years$5,320$4,104$3,129$2,361$1,766$1,235
25 years$5,053$3,852$2,898$2,156$1,589$1,091
26 years$4,807$3,620$2,688$1,972$1,431$965
27 years$4,579$3,407$2,496$1,805$1,291$853
28 years$4,368$3,210$2,320$1,653$1,165$756
29 years$4,172$3,029$2,159$1,516$1,052$669
30 years$3,990$2,860$2,011$1,392$950$593
31 years$3,819$2,704$1,875$1,278$859$526
32 years$3,660$2,558$1,749$1,174$777$467
33 years$3,510$2,423$1,633$1,080$703$414
34 years$3,370$2,296$1,526$994$637$367
35 years$3,237$2,178$1,427$915$577$326
36 years$3,113$2,067$1,335$843$522$290
37 years$2,995$1,963$1,249$776$474$257
38 years$2,884$1,866$1,170$715$429$229
39 years$2,779$1,774$1,096$660$389$203
40 years$2,680$1,688$1,027$608$353$180
41 years$2,585$1,607$963$561$320$160
42 years$2,495$1,530$904$518$291$143
43 years$2,410$1,458$848$478$264$127
44 years$2,329$1,390$796$442$239$113
45 years$2,251$1,325$747$408$217$100
46 years$2,178$1,264$702$377$197$89
47 years$2,107$1,207$660$348$179$79
48 years$2,040$1,152$620$322$163$70
49 years$1,975$1,100$583$297$148$63
50 years$1,914$1,051$548$275$134$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,960,000, adding $3,565 every year, while hoping to spend $57,825 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: 52/42/6 Blend
72$1,960,000$1,960,000$1,960,000$1,960,000
73$2,163,597$2,059,717$2,029,337$2,272,859
74$2,322,759$2,099,118$2,035,795$2,386,756
75$2,496,217$2,138,511$2,040,530$2,503,951
76$2,685,368$2,177,836$2,043,426$2,629,998
77$2,891,752$2,217,025$2,044,356$2,765,744
78$3,117,059$2,256,008$2,043,190$2,912,117
79$3,363,153$2,294,707$2,039,792$3,070,144
80$3,632,086$2,333,039$2,034,016$3,240,955
81$3,926,115$2,370,914$2,025,712$3,425,794
82$4,247,728$2,408,238$2,014,722$3,626,036
83$4,599,661$2,444,907$2,000,881$3,843,193
84$4,984,930$2,480,810$1,984,013$4,078,933
85$5,406,853$2,515,830$1,963,938$4,335,096
86$5,869,086$2,549,840$1,940,464$4,613,709
87$6,375,655$2,582,705$1,913,392$4,917,007
88$6,930,994$2,614,279$1,882,512$5,247,454
89$7,539,985$2,644,409$1,847,607$5,607,767
90$8,208,008$2,672,929$1,808,446$6,000,941
91$8,940,986$2,699,663$1,764,789$6,430,278
92$9,745,443$2,724,424$1,716,387$6,899,421
93$10,628,569$2,747,011$1,662,976$7,412,383
94$11,598,280$2,767,211$1,604,283$7,973,590
95$12,663,297$2,784,798$1,540,019$8,587,923
96$13,833,229$2,799,529$1,469,885$9,260,764
97$15,118,660$2,811,147$1,393,568$9,998,043
98$16,531,250$2,819,379$1,310,739$10,806,304
99$18,083,844$2,823,936$1,221,055$11,692,757
100$19,790,594$2,824,507$1,124,159$12,665,354