Can I retire at age 73 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$139,559$138,316$137,103$135,919$134,763$131,773
2 years$69,088$67,802$66,555$65,346$64,173$61,176
3 years$45,601$44,309$43,065$41,868$40,714$37,804
4 years$33,860$32,572$31,341$30,163$29,037$26,236
5 years$26,817$25,537$24,322$23,168$22,074$19,390
6 years$22,124$20,853$19,655$18,528$17,466$14,902
7 years$18,772$17,512$16,334$15,233$14,205$11,761
8 years$16,260$15,011$13,852$12,778$11,784$9,460
9 years$14,307$13,070$11,931$10,884$9,924$7,717
10 years$12,745$11,520$10,402$9,382$8,456$6,364
11 years$11,469$10,256$9,157$8,166$7,272$5,294
12 years$10,405$9,205$8,127$7,162$6,302$4,433
13 years$9,507$8,319$7,261$6,323$5,495$3,732
14 years$8,737$7,562$6,524$5,613$4,817$3,157
15 years$8,070$6,908$5,890$5,006$4,241$2,680
16 years$7,487$6,338$5,340$4,482$3,749$2,282
17 years$6,974$5,837$4,860$4,027$3,324$1,948
18 years$6,518$5,393$4,436$3,629$2,955$1,667
19 years$6,110$4,999$4,061$3,279$2,634$1,429
20 years$5,744$4,645$3,727$2,970$2,353$1,227
21 years$5,413$4,327$3,428$2,696$2,106$1,054
22 years$5,112$4,039$3,160$2,451$1,887$907
23 years$4,838$3,777$2,917$2,232$1,694$782
24 years$4,587$3,539$2,698$2,036$1,523$674
25 years$4,357$3,321$2,499$1,859$1,370$581
26 years$4,145$3,121$2,318$1,700$1,234$502
27 years$3,949$2,938$2,152$1,556$1,113$433
28 years$3,767$2,768$2,001$1,426$1,004$375
29 years$3,598$2,611$1,862$1,307$907$324
30 years$3,440$2,466$1,734$1,200$819$280
31 years$3,293$2,331$1,617$1,102$741$242
32 years$3,156$2,206$1,508$1,013$670$210
33 years$3,027$2,089$1,408$931$606$181
34 years$2,905$1,980$1,316$857$549$157
35 years$2,791$1,878$1,230$789$497$136
36 years$2,684$1,782$1,151$726$451$118
37 years$2,583$1,693$1,077$669$408$102
38 years$2,487$1,609$1,009$617$370$88
39 years$2,396$1,530$945$569$336$76
40 years$2,310$1,456$886$525$304$66
41 years$2,229$1,386$831$484$276$57
42 years$2,152$1,320$779$447$251$50
43 years$2,078$1,257$731$412$227$43
44 years$2,008$1,198$686$381$206$37
45 years$1,941$1,143$644$352$187$32
46 years$1,878$1,090$605$325$170$28
47 years$1,817$1,040$569$300$155$24
48 years$1,759$993$534$277$140$21
49 years$1,703$948$502$256$127$18
50 years$1,650$906$472$237$116$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,690,000, adding $6,118 every year, while hoping to spend $48,568 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: 80/9/11 Blend
72$1,690,000$1,690,000$1,690,000$1,690,000
73$1,868,691$1,779,121$1,752,926$2,014,120
74$2,007,621$1,814,622$1,759,973$2,145,955
75$2,159,095$1,850,234$1,765,628$2,283,645
76$2,324,340$1,885,913$1,769,794$2,433,318
77$2,504,707$1,921,608$1,772,367$2,596,148
78$2,701,686$1,957,265$1,773,240$2,773,430
79$2,916,914$1,992,827$1,772,299$2,966,591
80$3,152,195$2,028,231$1,769,427$3,177,200
81$3,409,513$2,063,409$1,764,497$3,406,989
82$3,691,055$2,098,287$1,757,379$3,657,861
83$3,999,228$2,132,789$1,747,937$3,931,918
84$4,336,683$2,166,830$1,736,027$4,231,471
85$4,706,339$2,200,318$1,721,498$4,559,069
86$5,111,410$2,233,158$1,704,192$4,917,518
87$5,555,437$2,265,246$1,683,946$5,309,911
88$6,042,318$2,296,470$1,660,584$5,739,656
89$6,576,348$2,326,710$1,633,928$6,210,507
90$7,162,257$2,355,841$1,603,786$6,726,600
91$7,805,255$2,383,725$1,569,961$7,292,495
92$8,511,082$2,410,218$1,532,245$7,913,212
93$9,286,058$2,435,164$1,490,421$8,594,286
94$10,137,146$2,458,398$1,444,261$9,341,815
95$11,072,020$2,479,744$1,393,528$10,162,519
96$12,099,128$2,499,014$1,337,973$11,063,801
97$13,227,780$2,516,007$1,277,337$12,053,821
98$14,468,234$2,530,511$1,211,347$13,141,569
99$15,831,787$2,542,299$1,139,721$14,336,955
100$17,330,888$2,551,130$1,062,160$15,650,896