Can I retire at age 73 with 1,940,000?

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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$160,203$158,776$157,384$156,025$154,698$152,387
2 years$79,309$77,832$76,400$75,012$73,666$71,342
3 years$52,347$50,864$49,436$48,061$46,737$44,473
4 years$38,869$37,390$35,977$34,625$33,333$31,147
5 years$30,784$29,314$27,919$26,596$25,339$23,237
6 years$25,396$23,937$22,563$21,269$20,050$18,034
7 years$21,549$20,103$18,750$17,486$16,306$14,378
8 years$18,665$17,232$15,901$14,669$13,527$11,686
9 years$16,423$15,003$13,696$12,494$11,392$9,636
10 years$14,631$13,225$11,940$10,770$9,707$8,035
11 years$13,165$11,773$10,512$9,373$8,348$6,760
12 years$11,945$10,567$9,329$8,222$7,234$5,727
13 years$10,913$9,549$8,335$7,259$6,308$4,880
14 years$10,029$8,680$7,489$6,443$5,530$4,178
15 years$9,264$7,929$6,762$5,746$4,869$3,591
16 years$8,595$7,275$6,130$5,145$4,303$3,097
17 years$8,005$6,700$5,578$4,623$3,816$2,678
18 years$7,482$6,191$5,092$4,166$3,393$2,322
19 years$7,014$5,738$4,662$3,765$3,024$2,017
20 years$6,593$5,332$4,278$3,409$2,701$1,755
21 years$6,213$4,967$3,935$3,094$2,417$1,529
22 years$5,868$4,636$3,627$2,813$2,167$1,334
23 years$5,554$4,336$3,349$2,562$1,945$1,166
24 years$5,266$4,063$3,097$2,337$1,748$1,019
25 years$5,002$3,813$2,869$2,134$1,573$892
26 years$4,758$3,583$2,660$1,951$1,417$781
27 years$4,533$3,372$2,470$1,786$1,277$685
28 years$4,324$3,178$2,297$1,637$1,153$600
29 years$4,130$2,998$2,137$1,501$1,041$527
30 years$3,949$2,831$1,991$1,377$940$462
31 years$3,780$2,676$1,856$1,265$850$406
32 years$3,622$2,532$1,732$1,163$769$356
33 years$3,474$2,398$1,617$1,069$696$313
34 years$3,335$2,273$1,511$984$630$275
35 years$3,204$2,156$1,412$905$571$242
36 years$3,081$2,046$1,321$834$517$212
37 years$2,965$1,943$1,237$768$469$187
38 years$2,855$1,847$1,158$708$425$164
39 years$2,751$1,756$1,085$653$385$144
40 years$2,652$1,671$1,017$602$350$127
41 years$2,559$1,591$954$556$317$112
42 years$2,470$1,515$894$513$288$98
43 years$2,385$1,443$839$473$261$87
44 years$2,305$1,376$788$437$237$76
45 years$2,228$1,312$740$404$215$67
46 years$2,155$1,251$695$373$195$59
47 years$2,086$1,194$653$345$177$52
48 years$2,019$1,140$613$318$161$46
49 years$1,955$1,089$577$294$146$40
50 years$1,894$1,040$542$272$133$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,940,000, adding $2,611 every year, while hoping to spend $27,114 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: 70/19/11 Blend
72$1,940,000$1,940,000$1,940,000$1,940,000
73$2,140,573$2,037,753$2,007,683$2,285,399
74$2,330,063$2,108,754$2,046,092$2,452,751
75$2,537,971$2,182,325$2,084,878$2,632,281
76$2,766,149$2,258,564$2,124,026$2,828,022
77$3,016,634$2,337,571$2,163,519$3,041,565
78$3,291,671$2,419,453$2,203,337$3,274,659
79$3,593,734$2,504,318$2,243,461$3,529,233
80$3,925,545$2,592,280$2,283,867$3,807,407
81$4,290,107$2,683,458$2,324,533$4,111,518
82$4,690,724$2,777,974$2,365,432$4,444,137
83$5,131,041$2,875,957$2,406,536$4,808,097
84$5,615,068$2,977,540$2,447,816$5,206,517
85$6,147,226$3,082,861$2,489,239$5,642,829
86$6,732,387$3,192,065$2,530,772$6,120,817
87$7,375,915$3,305,301$2,572,378$6,644,645
88$8,083,724$3,422,726$2,614,018$7,218,901
89$8,862,326$3,544,502$2,655,649$7,848,637
90$9,718,898$3,670,797$2,697,229$8,539,418
91$10,661,348$3,801,789$2,738,709$9,297,373
92$11,698,388$3,937,659$2,780,038$10,129,255
93$12,839,619$4,078,599$2,821,164$11,042,500
94$14,095,616$4,224,807$2,862,030$12,045,302
95$15,478,036$4,376,490$2,902,574$13,146,684
96$16,999,719$4,533,861$2,942,734$14,356,589
97$18,674,817$4,697,146$2,982,442$15,685,969
98$20,518,919$4,866,578$3,021,625$17,146,891
99$22,549,207$5,042,399$3,060,208$18,752,645
100$24,784,612$5,224,861$3,098,110$20,517,878