Can I retire at age 73 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$150,294$148,955$147,649$146,374$145,129$140,371
2 years$74,403$73,017$71,674$70,372$69,109$64,361
3 years$49,109$47,718$46,378$45,088$43,846$39,256
4 years$36,465$35,077$33,751$32,483$31,271$26,876
5 years$28,880$27,501$26,192$24,950$23,772$19,582
6 years$23,825$22,457$21,167$19,953$18,810$14,829
7 years$20,216$18,859$17,590$16,405$15,297$11,526
8 years$17,511$16,166$14,918$13,761$12,691$9,125
9 years$15,407$14,075$12,849$11,722$10,687$7,323
10 years$13,726$12,407$11,202$10,104$9,106$5,939
11 years$12,351$11,045$9,862$8,794$7,832$4,855
12 years$11,206$9,913$8,752$7,713$6,787$3,994
13 years$10,238$8,959$7,820$6,810$5,918$3,302
14 years$9,409$8,143$7,026$6,045$5,188$2,741
15 years$8,691$7,439$6,343$5,391$4,568$2,283
16 years$8,063$6,825$5,751$4,827$4,037$1,907
17 years$7,510$6,286$5,233$4,337$3,579$1,597
18 years$7,019$5,808$4,777$3,908$3,183$1,339
19 years$6,580$5,383$4,373$3,532$2,837$1,125
20 years$6,186$5,002$4,014$3,199$2,534$946
21 years$5,829$4,659$3,692$2,903$2,268$796
22 years$5,505$4,349$3,403$2,639$2,033$671
23 years$5,210$4,068$3,142$2,404$1,825$566
24 years$4,940$3,811$2,906$2,192$1,640$478
25 years$4,692$3,577$2,691$2,002$1,476$403
26 years$4,464$3,362$2,496$1,831$1,329$341
27 years$4,252$3,164$2,318$1,676$1,198$288
28 years$4,056$2,981$2,155$1,535$1,081$243
29 years$3,874$2,812$2,005$1,408$976$206
30 years$3,705$2,656$1,868$1,292$882$174
31 years$3,546$2,511$1,741$1,187$798$147
32 years$3,398$2,376$1,624$1,091$722$124
33 years$3,259$2,250$1,517$1,003$653$105
34 years$3,129$2,132$1,417$923$591$89
35 years$3,006$2,022$1,325$849$535$75
36 years$2,891$1,920$1,239$782$485$64
37 years$2,781$1,823$1,160$721$440$54
38 years$2,678$1,733$1,086$664$399$46
39 years$2,581$1,648$1,018$613$362$39
40 years$2,488$1,568$954$565$328$33
41 years$2,400$1,492$895$521$297$28
42 years$2,317$1,421$839$481$270$23
43 years$2,238$1,354$787$444$245$20
44 years$2,162$1,291$739$410$222$17
45 years$2,091$1,231$694$379$202$14
46 years$2,022$1,174$652$350$183$12
47 years$1,957$1,120$612$323$166$10
48 years$1,894$1,070$575$299$151$9
49 years$1,834$1,021$541$276$137$7
50 years$1,777$976$509$255$125$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,820,000, adding $2,605 every year, while hoping to spend $20,666 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: 50/36/14 Blend
72$1,820,000$1,820,000$1,820,000$1,820,000
73$2,008,327$1,911,867$1,883,657$2,100,935
74$2,191,188$1,983,560$1,924,771$2,236,524
75$2,392,008$2,058,073$1,966,570$2,381,413
76$2,612,597$2,135,523$2,009,054$2,538,406
77$2,854,950$2,216,032$2,052,225$2,708,646
78$3,121,262$2,299,724$2,096,082$2,893,391
79$3,413,954$2,386,734$2,140,624$3,094,025
80$3,735,691$2,477,198$2,185,849$3,312,068
81$4,089,412$2,571,261$2,231,755$3,549,193
82$4,478,352$2,669,073$2,278,339$3,807,240
83$4,906,075$2,770,789$2,325,595$4,088,230
84$5,376,511$2,876,574$2,373,518$4,394,390
85$5,893,987$2,986,598$2,422,103$4,728,168
86$6,463,271$3,101,038$2,471,341$5,092,256
87$7,089,617$3,220,082$2,521,223$5,489,620
88$7,778,814$3,343,922$2,571,740$5,923,519
89$8,537,240$3,472,760$2,622,880$6,397,544
90$9,371,922$3,606,809$2,674,630$6,915,645
91$10,290,604$3,746,289$2,726,976$7,482,169
92$11,301,818$3,891,430$2,779,903$8,101,903
93$12,414,966$4,042,472$2,833,392$8,780,115
94$13,640,406$4,199,667$2,887,424$9,522,605
95$14,989,553$4,363,276$2,941,978$10,335,759
96$16,474,984$4,533,574$2,997,031$11,226,606
97$18,110,559$4,710,846$3,052,559$12,202,887
98$19,911,550$4,895,390$3,108,533$13,273,127
99$21,894,783$5,087,520$3,164,924$14,446,710
100$24,078,802$5,287,559$3,221,700$15,733,973