Can I retire at age 73 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$162,681$161,232$159,818$158,438$157,091$155,192
2 years$80,535$79,035$77,582$76,172$74,805$72,894
3 years$53,157$51,650$50,200$48,804$47,459$45,596
4 years$39,470$37,968$36,533$35,161$33,848$32,046
5 years$31,260$29,768$28,351$27,007$25,731$23,996
6 years$25,789$24,308$22,912$21,598$20,360$18,694
7 years$21,883$20,413$19,040$17,757$16,558$14,962
8 years$18,954$17,498$16,147$14,896$13,737$12,210
9 years$16,677$15,235$13,908$12,688$11,568$10,110
10 years$14,857$13,429$12,125$10,937$9,857$8,466
11 years$13,369$11,955$10,675$9,518$8,477$7,153
12 years$12,129$10,730$9,474$8,349$7,346$6,087
13 years$11,082$9,697$8,464$7,371$6,406$5,211
14 years$10,184$8,814$7,605$6,543$5,615$4,482
15 years$9,407$8,052$6,866$5,835$4,944$3,871
16 years$8,728$7,388$6,225$5,225$4,370$3,355
17 years$8,129$6,804$5,665$4,694$3,875$2,915
18 years$7,598$6,287$5,171$4,231$3,445$2,540
19 years$7,122$5,827$4,734$3,823$3,071$2,218
20 years$6,695$5,414$4,345$3,462$2,743$1,940
21 years$6,310$5,043$3,996$3,142$2,454$1,699
22 years$5,959$4,708$3,683$2,857$2,200$1,491
23 years$5,640$4,403$3,401$2,602$1,975$1,309
24 years$5,347$4,125$3,145$2,373$1,775$1,151
25 years$5,079$3,871$2,913$2,167$1,597$1,013
26 years$4,831$3,639$2,702$1,982$1,439$892
27 years$4,603$3,424$2,509$1,814$1,297$786
28 years$4,391$3,227$2,332$1,662$1,170$693
29 years$4,194$3,044$2,170$1,524$1,057$612
30 years$4,010$2,875$2,022$1,399$955$540
31 years$3,839$2,718$1,885$1,285$863$477
32 years$3,678$2,571$1,758$1,180$781$421
33 years$3,528$2,435$1,642$1,086$707$372
34 years$3,387$2,308$1,534$999$640$329
35 years$3,254$2,189$1,434$919$580$291
36 years$3,129$2,078$1,342$847$525$257
37 years$3,011$1,973$1,256$780$476$227
38 years$2,899$1,875$1,176$719$432$201
39 years$2,793$1,783$1,102$663$391$178
40 years$2,693$1,697$1,033$612$355$157
41 years$2,598$1,615$968$564$322$139
42 years$2,508$1,538$908$521$292$123
43 years$2,422$1,466$852$481$265$109
44 years$2,341$1,397$800$444$241$97
45 years$2,263$1,332$751$410$219$86
46 years$2,189$1,271$706$379$198$76
47 years$2,118$1,213$663$350$180$67
48 years$2,050$1,158$623$323$164$59
49 years$1,985$1,106$586$299$149$53
50 years$1,923$1,056$550$276$135$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,970,000, adding $6,705 every year, while hoping to spend $50,062 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: 29/41/30 Blend
72$1,970,000$1,970,000$1,970,000$1,970,000
73$2,177,856$2,073,446$2,042,911$2,220,759
74$2,346,732$2,121,779$2,058,083$2,303,814
75$2,531,155$2,170,803$2,072,085$2,388,279
76$2,732,659$2,220,498$2,084,826$2,478,102
77$2,952,931$2,270,843$2,096,208$2,573,785
78$3,193,829$2,321,814$2,106,131$2,675,880
79$3,457,399$2,373,382$2,114,486$2,784,994
80$3,745,894$2,425,519$2,121,161$2,901,802
81$4,061,794$2,478,188$2,126,039$3,027,043
82$4,407,832$2,531,354$2,128,996$3,161,537
83$4,787,015$2,584,975$2,129,902$3,306,187
84$5,202,657$2,639,005$2,128,620$3,461,991
85$5,658,406$2,693,394$2,125,007$3,630,048
86$6,158,282$2,748,089$2,118,913$3,811,573
87$6,706,710$2,803,029$2,110,180$4,007,907
88$7,308,567$2,858,150$2,098,644$4,220,529
89$7,969,224$2,913,382$2,084,131$4,451,071
90$8,694,595$2,968,648$2,066,460$4,701,336
91$9,491,199$3,023,867$2,045,442$4,973,311
92$10,366,213$3,078,949$2,020,876$5,269,191
93$11,327,547$3,133,797$1,992,555$5,591,398
94$12,383,912$3,188,308$1,960,261$5,942,604
95$13,544,907$3,242,371$1,923,765$6,325,757
96$14,821,104$3,295,864$1,882,829$6,744,111
97$16,224,155$3,348,659$1,837,201$7,201,256
98$17,766,892$3,400,617$1,786,621$7,701,153
99$19,463,456$3,451,589$1,730,814$8,248,171
100$21,329,427$3,501,415$1,669,495$8,847,133