Can I retire at age 73 with 1,810,000?

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 $1,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$149,468$148,137$146,838$145,570$144,332$141,650
2 years$73,994$72,616$71,280$69,986$68,729$66,037
3 years$48,839$47,455$46,123$44,840$43,605$40,986
4 years$36,265$34,885$33,566$32,305$31,099$28,575
5 years$28,722$27,350$26,048$24,813$23,641$21,218
6 years$23,695$22,333$21,051$19,843$18,706$16,387
7 years$20,105$18,756$17,494$16,314$15,213$12,999
8 years$17,414$16,077$14,836$13,686$12,621$10,510
9 years$15,323$13,998$12,778$11,657$10,629$8,621
10 years$13,650$12,338$11,140$10,049$9,056$7,149
11 years$12,283$10,984$9,808$8,745$7,789$5,980
12 years$11,144$9,859$8,704$7,671$6,749$5,037
13 years$10,182$8,909$7,777$6,772$5,886$4,267
14 years$9,357$8,098$6,987$6,012$5,159$3,631
15 years$8,643$7,398$6,309$5,361$4,543$3,102
16 years$8,019$6,788$5,720$4,800$4,015$2,658
17 years$7,469$6,251$5,205$4,313$3,560$2,284
18 years$6,980$5,776$4,751$3,887$3,165$1,967
19 years$6,544$5,353$4,349$3,512$2,821$1,697
20 years$6,152$4,975$3,992$3,181$2,520$1,467
21 years$5,797$4,634$3,672$2,887$2,255$1,270
22 years$5,475$4,325$3,384$2,625$2,021$1,100
23 years$5,182$4,045$3,124$2,391$1,815$955
24 years$4,913$3,790$2,890$2,180$1,631$829
25 years$4,666$3,557$2,676$1,991$1,468$720
26 years$4,439$3,343$2,482$1,821$1,322$626
27 years$4,229$3,146$2,305$1,666$1,192$545
28 years$4,034$2,965$2,143$1,527$1,075$474
29 years$3,853$2,797$1,994$1,400$971$413
30 years$3,684$2,641$1,857$1,285$877$360
31 years$3,527$2,497$1,732$1,180$793$313
32 years$3,380$2,363$1,616$1,085$718$273
33 years$3,241$2,237$1,508$997$649$238
34 years$3,112$2,121$1,409$918$588$208
35 years$2,990$2,011$1,318$845$533$181
36 years$2,875$1,909$1,233$778$483$158
37 years$2,766$1,813$1,154$717$437$138
38 years$2,664$1,723$1,080$661$396$120
39 years$2,567$1,639$1,012$609$360$105
40 years$2,475$1,559$949$562$326$92
41 years$2,387$1,484$890$518$296$80
42 years$2,304$1,413$835$478$268$70
43 years$2,226$1,347$783$442$244$61
44 years$2,151$1,284$735$408$221$53
45 years$2,079$1,224$690$377$201$46
46 years$2,011$1,168$648$348$182$41
47 years$1,946$1,114$609$321$166$35
48 years$1,884$1,064$572$297$150$31
49 years$1,824$1,016$538$274$137$27
50 years$1,767$970$506$254$124$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,810,000, adding $4,625 every year, while hoping to spend $23,715 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: 58/24/18 Blend
72$1,810,000$1,810,000$1,810,000$1,810,000
73$1,999,391$1,903,461$1,875,406$2,105,660
74$2,178,096$1,971,498$1,912,999$2,246,313
75$2,374,234$2,042,074$1,951,057$2,396,586
76$2,589,559$2,115,288$1,989,570$2,559,873
77$2,826,001$2,191,244$2,028,528$2,737,433
78$3,085,688$2,270,050$2,067,918$2,930,649
79$3,370,963$2,351,817$2,107,729$3,141,046
80$3,684,408$2,436,663$2,147,944$3,370,301
81$4,028,867$2,524,709$2,188,550$3,620,260
82$4,407,473$2,616,081$2,229,528$3,892,953
83$4,823,679$2,710,913$2,270,860$4,190,617
84$5,281,286$2,809,340$2,312,527$4,515,713
85$5,784,486$2,911,506$2,354,505$4,870,952
86$6,337,894$3,017,560$2,396,772$5,259,318
87$6,946,597$3,127,658$2,439,301$5,684,095
88$7,616,198$3,241,961$2,482,065$6,148,901
89$8,352,871$3,360,638$2,525,035$6,657,719
90$9,163,419$3,483,865$2,568,179$7,214,936
91$10,055,337$3,611,824$2,611,463$7,825,382
92$11,036,885$3,744,707$2,654,850$8,494,378
93$12,117,161$3,882,711$2,698,302$9,227,781
94$13,306,193$4,026,046$2,741,776$10,032,046
95$14,615,028$4,174,925$2,785,229$10,914,281
96$16,055,840$4,329,575$2,828,613$11,882,313
97$17,642,042$4,490,231$2,871,878$12,944,766
98$19,388,414$4,657,136$2,914,970$14,111,138
99$21,311,243$4,830,547$2,957,833$15,391,894
100$23,428,475$5,010,729$3,000,405$16,798,560