Can I retire at age 73 with 1,970,000?

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 $1,970,000?

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$162,681$161,232$159,818$158,438$157,091$154,171
2 years$80,535$79,035$77,582$76,172$74,805$71,875
3 years$53,157$51,650$50,200$48,804$47,459$44,609
4 years$39,470$37,968$36,533$35,161$33,848$31,101
5 years$31,260$29,768$28,351$27,007$25,731$23,094
6 years$25,789$24,308$22,912$21,598$20,360$17,836
7 years$21,883$20,413$19,040$17,757$16,558$14,148
8 years$18,954$17,498$16,147$14,896$13,737$11,439
9 years$16,677$15,235$13,908$12,688$11,568$9,383
10 years$14,857$13,429$12,125$10,937$9,857$7,781
11 years$13,369$11,955$10,675$9,518$8,477$6,509
12 years$12,129$10,730$9,474$8,349$7,346$5,482
13 years$11,082$9,697$8,464$7,371$6,406$4,644
14 years$10,184$8,814$7,605$6,543$5,615$3,952
15 years$9,407$8,052$6,866$5,835$4,944$3,376
16 years$8,728$7,388$6,225$5,225$4,370$2,893
17 years$8,129$6,804$5,665$4,694$3,875$2,486
18 years$7,598$6,287$5,171$4,231$3,445$2,141
19 years$7,122$5,827$4,734$3,823$3,071$1,847
20 years$6,695$5,414$4,345$3,462$2,743$1,597
21 years$6,310$5,043$3,996$3,142$2,454$1,382
22 years$5,959$4,708$3,683$2,857$2,200$1,198
23 years$5,640$4,403$3,401$2,602$1,975$1,039
24 years$5,347$4,125$3,145$2,373$1,775$902
25 years$5,079$3,871$2,913$2,167$1,597$784
26 years$4,831$3,639$2,702$1,982$1,439$682
27 years$4,603$3,424$2,509$1,814$1,297$593
28 years$4,391$3,227$2,332$1,662$1,170$516
29 years$4,194$3,044$2,170$1,524$1,057$449
30 years$4,010$2,875$2,022$1,399$955$392
31 years$3,839$2,718$1,885$1,285$863$341
32 years$3,678$2,571$1,758$1,180$781$297
33 years$3,528$2,435$1,642$1,086$707$259
34 years$3,387$2,308$1,534$999$640$226
35 years$3,254$2,189$1,434$919$580$197
36 years$3,129$2,078$1,342$847$525$172
37 years$3,011$1,973$1,256$780$476$150
38 years$2,899$1,875$1,176$719$432$131
39 years$2,793$1,783$1,102$663$391$114
40 years$2,693$1,697$1,033$612$355$100
41 years$2,598$1,615$968$564$322$87
42 years$2,508$1,538$908$521$292$76
43 years$2,422$1,466$852$481$265$66
44 years$2,341$1,397$800$444$241$58
45 years$2,263$1,332$751$410$219$51
46 years$2,189$1,271$706$379$198$44
47 years$2,118$1,213$663$350$180$39
48 years$2,050$1,158$623$323$164$34
49 years$1,985$1,106$586$299$149$29
50 years$1,923$1,056$550$276$135$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,970,000, adding $2,516 every year, while hoping to spend $28,867 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: 51/26/23 Blend
72$1,970,000$1,970,000$1,970,000$1,970,000
73$2,173,535$2,069,125$2,038,590$2,270,299
74$2,364,522$2,139,798$2,076,169$2,408,258
75$2,574,021$2,212,966$2,114,039$2,555,029
76$2,803,891$2,288,722$2,152,179$2,714,021
77$3,056,179$2,367,160$2,190,568$2,886,405
78$3,333,138$2,448,380$2,229,181$3,073,469
79$3,637,252$2,532,485$2,267,992$3,276,631
80$3,971,256$2,619,580$2,306,974$3,497,450
81$4,338,163$2,709,778$2,346,096$3,737,643
82$4,741,292$2,803,194$2,385,327$3,999,101
83$5,184,300$2,899,947$2,424,632$4,283,901
84$5,671,216$3,000,162$2,463,975$4,594,335
85$6,206,478$3,103,968$2,503,316$4,932,923
86$6,794,977$3,211,500$2,542,614$5,302,439
87$7,442,098$3,322,897$2,581,826$5,705,939
88$8,153,778$3,438,304$2,620,903$6,146,787
89$8,936,555$3,557,874$2,659,795$6,628,688
90$9,797,635$3,681,761$2,698,450$7,155,721
91$10,744,956$3,810,130$2,736,810$7,732,379
92$11,787,265$3,943,149$2,774,816$8,363,611
93$12,934,199$4,080,996$2,812,405$9,054,864
94$14,196,375$4,223,853$2,849,509$9,812,142
95$15,585,495$4,371,911$2,886,057$10,642,054
96$17,114,449$4,525,368$2,921,974$11,551,883
97$18,797,442$4,684,431$2,957,179$12,549,649
98$20,650,126$4,849,313$2,991,590$13,644,187
99$22,689,748$5,020,238$3,025,116$14,845,230
100$24,935,310$5,197,437$3,057,665$16,163,499