Can I retire at age 73 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$161,029$159,595$158,195$156,829$155,496$152,669
2 years$79,717$78,233$76,794$75,399$74,046$71,207
3 years$52,617$51,126$49,691$48,309$46,978$44,217
4 years$39,070$37,583$36,162$34,804$33,505$30,843
5 years$30,943$29,466$28,063$26,733$25,470$22,914
6 years$25,527$24,061$22,679$21,378$20,153$17,707
7 years$21,660$20,206$18,847$17,576$16,390$14,053
8 years$18,761$17,320$15,983$14,744$13,597$11,369
9 years$16,508$15,081$13,767$12,559$11,451$9,331
10 years$14,706$13,293$12,002$10,826$9,757$7,743
11 years$13,233$11,834$10,566$9,422$8,391$6,481
12 years$12,006$10,621$9,377$8,264$7,271$5,462
13 years$10,969$9,599$8,378$7,296$6,341$4,630
14 years$10,081$8,725$7,528$6,477$5,558$3,943
15 years$9,312$7,970$6,797$5,776$4,894$3,370
16 years$8,639$7,313$6,162$5,172$4,325$2,890
17 years$8,047$6,735$5,607$4,647$3,835$2,485
18 years$7,520$6,223$5,119$4,188$3,410$2,142
19 years$7,050$5,768$4,686$3,784$3,039$1,850
20 years$6,627$5,359$4,300$3,427$2,715$1,600
21 years$6,245$4,992$3,956$3,110$2,430$1,386
22 years$5,899$4,660$3,646$2,828$2,178$1,202
23 years$5,583$4,358$3,366$2,575$1,955$1,043
24 years$5,293$4,084$3,113$2,349$1,757$907
25 years$5,027$3,832$2,883$2,145$1,581$788
26 years$4,782$3,602$2,674$1,961$1,424$686
27 years$4,556$3,390$2,483$1,795$1,284$597
28 years$4,346$3,194$2,308$1,645$1,159$520
29 years$4,151$3,013$2,148$1,508$1,046$454
30 years$3,969$2,846$2,001$1,384$945$395
31 years$3,800$2,690$1,865$1,271$855$345
32 years$3,641$2,545$1,741$1,169$773$301
33 years$3,492$2,410$1,625$1,075$700$263
34 years$3,352$2,285$1,518$989$633$229
35 years$3,221$2,167$1,420$910$574$200
36 years$3,097$2,057$1,328$838$520$175
37 years$2,980$1,953$1,243$772$471$153
38 years$2,870$1,856$1,164$712$427$133
39 years$2,765$1,765$1,091$656$387$116
40 years$2,666$1,679$1,022$605$351$102
41 years$2,572$1,599$958$559$319$89
42 years$2,483$1,523$899$515$289$78
43 years$2,398$1,451$844$476$262$68
44 years$2,317$1,383$792$439$238$59
45 years$2,240$1,319$744$406$216$52
46 years$2,166$1,258$698$375$196$45
47 years$2,096$1,200$656$346$178$40
48 years$2,029$1,146$617$320$162$35
49 years$1,965$1,094$580$296$147$30
50 years$1,904$1,045$545$273$134$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,950,000, adding $2,548 every year, while hoping to spend $24,028 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: 33/50/17 Blend
72$1,950,000$1,950,000$1,950,000$1,950,000
73$2,151,528$2,048,178$2,017,953$2,211,071
74$2,345,419$2,122,973$2,059,989$2,329,997
75$2,558,280$2,200,628$2,102,628$2,455,679
76$2,792,023$2,281,257$2,145,864$2,590,621
77$3,048,751$2,364,980$2,189,692$2,735,651
78$3,330,782$2,451,922$2,234,105$2,891,674
79$3,640,667$2,542,212$2,279,093$3,059,687
80$3,981,221$2,635,986$2,324,648$3,240,781
81$4,355,541$2,733,385$2,370,760$3,436,156
82$4,767,041$2,834,556$2,417,415$3,647,127
83$5,219,482$2,939,652$2,464,601$3,875,141
84$5,717,008$3,048,834$2,512,304$4,121,786
85$6,264,183$3,162,267$2,560,506$4,388,806
86$6,866,037$3,280,125$2,609,191$4,678,119
87$7,528,112$3,402,590$2,658,338$4,991,832
88$8,256,513$3,529,851$2,707,926$5,332,260
89$9,057,968$3,662,105$2,757,932$5,701,949
90$9,939,889$3,799,556$2,808,331$6,103,698
91$10,910,443$3,942,420$2,859,095$6,540,585
92$11,978,629$4,090,919$2,910,196$7,015,995
93$13,154,363$4,245,288$2,961,602$7,533,651
94$14,448,571$4,405,769$3,013,277$8,097,646
95$15,873,289$4,572,617$3,065,187$8,712,487
96$17,441,785$4,746,095$3,117,290$9,383,128
97$19,168,673$4,926,480$3,169,546$10,115,024
98$21,070,061$5,114,061$3,221,909$10,914,173
99$23,163,696$5,309,138$3,274,331$11,787,181
100$25,469,132$5,512,025$3,326,761$12,741,313