Can I retire at age 73 with 1,250,000?

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 $1,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$103,224$102,304$101,407$100,532$99,677$96,953
2 years$51,101$50,149$49,227$48,333$47,465$44,740
3 years$33,729$32,773$31,853$30,967$30,114$27,474
4 years$25,045$24,092$23,181$22,310$21,477$18,943
5 years$19,835$18,888$17,989$17,136$16,327$13,904
6 years$16,364$15,424$14,538$13,704$12,919$10,610
7 years$13,885$12,953$12,081$11,267$10,506$8,313
8 years$12,027$11,103$10,246$9,451$8,716$6,636
9 years$10,582$9,667$8,825$8,051$7,340$5,371
10 years$9,427$8,521$7,694$6,940$6,254$4,394
11 years$8,483$7,586$6,773$6,040$5,379$3,624
12 years$7,696$6,809$6,011$5,298$4,661$3,009
13 years$7,031$6,153$5,371$4,677$4,065$2,512
14 years$6,462$5,593$4,825$4,152$3,563$2,106
15 years$5,969$5,109$4,357$3,703$3,137$1,771
16 years$5,538$4,688$3,950$3,315$2,773$1,494
17 years$5,158$4,317$3,594$2,979$2,458$1,264
18 years$4,821$3,989$3,281$2,684$2,186$1,071
19 years$4,519$3,697$3,004$2,426$1,948$909
20 years$4,248$3,436$2,757$2,197$1,740$773
21 years$4,004$3,200$2,536$1,994$1,557$658
22 years$3,781$2,987$2,337$1,813$1,396$560
23 years$3,579$2,794$2,158$1,651$1,253$478
24 years$3,393$2,618$1,996$1,506$1,126$408
25 years$3,223$2,457$1,848$1,375$1,014$348
26 years$3,066$2,309$1,714$1,257$913$297
27 years$2,921$2,173$1,592$1,151$823$254
28 years$2,786$2,047$1,480$1,054$743$217
29 years$2,661$1,931$1,377$967$671$186
30 years$2,544$1,824$1,283$887$606$159
31 years$2,436$1,724$1,196$815$548$136
32 years$2,334$1,632$1,116$749$496$116
33 years$2,239$1,545$1,042$689$448$100
34 years$2,149$1,464$973$634$406$85
35 years$2,065$1,389$910$583$368$73
36 years$1,985$1,318$851$537$333$63
37 years$1,910$1,252$797$495$302$54
38 years$1,840$1,190$746$456$274$46
39 years$1,772$1,132$699$421$248$39
40 years$1,709$1,077$655$388$225$34
41 years$1,649$1,025$614$358$204$29
42 years$1,591$976$576$330$185$25
43 years$1,537$930$541$305$168$21
44 years$1,485$886$508$282$153$18
45 years$1,436$845$477$260$139$16
46 years$1,389$806$448$240$126$13
47 years$1,344$770$421$222$114$11
48 years$1,301$735$395$205$104$10
49 years$1,260$702$372$190$94$8
50 years$1,220$670$349$175$86$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,250,000, adding $3,820 every year, while hoping to spend $48,130 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: 56/21/23 Blend
72$1,250,000$1,250,000$1,250,000$1,250,000
73$1,381,440$1,315,190$1,295,815$1,449,964
74$1,471,137$1,328,425$1,288,015$1,510,521
75$1,568,370$1,340,694$1,278,341$1,571,050
76$1,673,857$1,351,902$1,266,678$1,635,970
77$1,788,387$1,361,941$1,252,908$1,705,716
78$1,912,829$1,370,703$1,236,907$1,780,771
79$2,048,138$1,378,067$1,218,544$1,861,667
80$2,195,364$1,383,909$1,197,681$1,948,992
81$2,355,664$1,388,094$1,174,177$2,043,398
82$2,530,311$1,390,480$1,147,881$2,145,601
83$2,720,705$1,390,915$1,118,637$2,256,397
84$2,928,386$1,389,239$1,086,280$2,376,661
85$3,155,051$1,385,281$1,050,640$2,507,362
86$3,402,567$1,378,861$1,011,537$2,649,570
87$3,672,989$1,369,785$968,784$2,804,466
88$3,968,580$1,357,851$922,184$2,973,357
89$4,291,831$1,342,841$871,533$3,157,682
90$4,645,485$1,324,527$816,617$3,359,034
91$5,032,562$1,302,667$757,211$3,579,169
92$5,456,388$1,277,002$693,083$3,820,028
93$5,920,625$1,247,261$623,986$4,083,754
94$6,429,306$1,213,154$549,668$4,372,710
95$6,986,873$1,174,377$469,860$4,689,509
96$7,598,219$1,130,606$384,284$5,037,030
97$8,268,730$1,081,498$292,650$5,418,456
98$9,004,341$1,026,692$194,655$5,837,296
99$9,811,588$965,805$89,981$6,297,426
100$10,697,673$898,432$0$6,803,120