Can I retire at age 73 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$142,036$140,771$139,536$138,332$137,155$136,348
2 years$70,315$69,005$67,736$66,506$65,312$64,498
3 years$46,411$45,096$43,830$42,611$41,437$40,640
4 years$34,461$33,150$31,897$30,699$29,553$28,781
5 years$27,293$25,990$24,753$23,580$22,466$21,720
6 years$22,516$21,223$20,004$18,857$17,776$17,058
7 years$19,106$17,823$16,624$15,503$14,457$13,766
8 years$16,549$15,278$14,098$13,005$11,993$11,331
9 years$14,561$13,302$12,143$11,078$10,100$9,465
10 years$12,972$11,725$10,586$9,549$8,606$7,998
11 years$11,672$10,438$9,320$8,310$7,401$6,820
12 years$10,590$9,369$8,271$7,289$6,414$5,859
13 years$9,675$8,466$7,390$6,435$5,593$5,064
14 years$8,892$7,696$6,640$5,713$4,903$4,399
15 years$8,213$7,030$5,995$5,095$4,317$3,838
16 years$7,620$6,450$5,435$4,562$3,815$3,360
17 years$7,098$5,940$4,946$4,099$3,383$2,951
18 years$6,633$5,489$4,515$3,694$3,008$2,599
19 years$6,219$5,087$4,133$3,338$2,681$2,294
20 years$5,846$4,727$3,793$3,023$2,395$2,028
21 years$5,509$4,403$3,489$2,743$2,143$1,797
22 years$5,203$4,110$3,216$2,494$1,921$1,594
23 years$4,924$3,844$2,969$2,272$1,724$1,416
24 years$4,669$3,602$2,746$2,072$1,550$1,259
25 years$4,434$3,380$2,543$1,892$1,395$1,121
26 years$4,218$3,177$2,359$1,730$1,256$999
27 years$4,019$2,990$2,190$1,584$1,133$891
28 years$3,834$2,817$2,036$1,451$1,022$795
29 years$3,661$2,658$1,895$1,331$923$710
30 years$3,501$2,510$1,765$1,221$834$634
31 years$3,352$2,373$1,645$1,121$754$567
32 years$3,212$2,245$1,535$1,031$682$507
33 years$3,080$2,126$1,433$948$617$454
34 years$2,957$2,015$1,339$872$559$406
35 years$2,841$1,911$1,252$803$506$364
36 years$2,732$1,814$1,171$739$459$326
37 years$2,629$1,723$1,096$681$416$292
38 years$2,531$1,637$1,027$628$377$261
39 years$2,439$1,557$962$579$342$234
40 years$2,352$1,481$902$534$310$210
41 years$2,269$1,410$845$493$281$188
42 years$2,190$1,343$793$455$255$169
43 years$2,115$1,280$744$420$232$151
44 years$2,044$1,220$699$388$210$136
45 years$1,976$1,163$656$358$191$122
46 years$1,911$1,110$616$331$173$109
47 years$1,849$1,059$579$305$157$98
48 years$1,790$1,011$544$282$143$88
49 years$1,733$965$511$261$130$79
50 years$1,679$922$481$241$118$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,720,000, adding $3,140 every year, while hoping to spend $33,170 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: 67/21/12 Blend
72$1,720,000$1,720,000$1,720,000$1,720,000
73$1,898,679$1,807,519$1,780,859$2,020,643
74$2,057,052$1,860,795$1,805,225$2,155,519
75$2,230,466$1,915,569$1,829,296$2,298,701
76$2,420,423$1,971,881$1,853,026$2,454,397
77$2,628,572$2,029,769$1,876,369$2,623,826
78$2,856,732$2,089,274$1,899,273$2,808,336
79$3,106,907$2,150,436$1,921,686$3,009,407
80$3,381,300$2,213,296$1,943,552$3,228,669
81$3,682,343$2,277,898$1,964,811$3,467,919
82$4,012,711$2,344,284$1,985,401$3,729,135
83$4,375,351$2,412,498$2,005,256$4,014,494
84$4,773,512$2,482,585$2,024,306$4,326,395
85$5,210,768$2,554,590$2,042,479$4,667,480
86$5,691,061$2,628,559$2,059,696$5,040,659
87$6,218,731$2,704,540$2,075,878$5,449,137
88$6,798,560$2,782,581$2,090,938$5,896,444
89$7,435,815$2,862,729$2,104,786$6,386,470
90$8,136,299$2,945,034$2,117,328$6,923,499
91$8,906,407$3,029,547$2,128,464$7,512,250
92$9,753,183$3,116,317$2,138,090$8,157,922
93$10,684,387$3,205,395$2,146,095$8,866,244
94$11,708,569$3,296,835$2,152,364$9,643,525
95$12,835,151$3,390,687$2,156,776$10,496,718
96$14,074,513$3,487,007$2,159,204$11,433,484
97$15,438,089$3,585,846$2,159,513$12,462,260
98$16,938,481$3,687,260$2,157,564$13,592,346
99$18,589,574$3,791,303$2,153,210$14,833,987
100$20,406,663$3,898,030$2,146,296$16,198,470