Can I retire at age 73 with 2,010,000?

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 $2,010,000?

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$165,984$164,505$163,063$161,655$160,280$157,302
2 years$82,170$80,640$79,157$77,719$76,324$73,334
3 years$54,236$52,699$51,220$49,795$48,423$45,515
4 years$40,272$38,739$37,275$35,875$34,536$31,732
5 years$31,895$30,372$28,927$27,555$26,253$23,562
6 years$26,313$24,801$23,377$22,036$20,773$18,198
7 years$22,327$20,828$19,427$18,117$16,894$14,435
8 years$19,339$17,853$16,475$15,198$14,016$11,671
9 years$17,016$15,545$14,190$12,945$11,803$9,573
10 years$15,159$13,702$12,371$11,159$10,057$7,939
11 years$13,640$12,198$10,891$9,712$8,649$6,641
12 years$12,376$10,948$9,666$8,518$7,495$5,594
13 years$11,307$9,894$8,636$7,520$6,536$4,738
14 years$10,391$8,993$7,759$6,676$5,729$4,032
15 years$9,598$8,216$7,006$5,954$5,045$3,444
16 years$8,905$7,538$6,352$5,331$4,458$2,952
17 years$8,294$6,942$5,780$4,790$3,953$2,536
18 years$7,752$6,415$5,276$4,317$3,515$2,184
19 years$7,267$5,945$4,830$3,900$3,133$1,885
20 years$6,831$5,524$4,433$3,533$2,798$1,629
21 years$6,438$5,146$4,077$3,206$2,504$1,410
22 years$6,080$4,803$3,758$2,915$2,245$1,222
23 years$5,754$4,492$3,470$2,655$2,015$1,060
24 years$5,456$4,209$3,209$2,421$1,811$920
25 years$5,182$3,950$2,972$2,211$1,630$800
26 years$4,930$3,712$2,756$2,022$1,468$695
27 years$4,696$3,494$2,560$1,851$1,324$605
28 years$4,480$3,292$2,380$1,696$1,194$527
29 years$4,279$3,106$2,214$1,555$1,078$459
30 years$4,091$2,933$2,063$1,427$974$399
31 years$3,917$2,773$1,923$1,311$881$348
32 years$3,753$2,624$1,794$1,204$797$303
33 years$3,600$2,485$1,675$1,108$721$265
34 years$3,456$2,355$1,565$1,019$653$231
35 years$3,320$2,234$1,463$938$591$201
36 years$3,192$2,120$1,369$864$536$176
37 years$3,072$2,013$1,281$796$486$153
38 years$2,958$1,914$1,200$734$440$134
39 years$2,850$1,820$1,124$677$399$117
40 years$2,748$1,731$1,054$624$362$102
41 years$2,651$1,648$988$576$329$89
42 years$2,559$1,569$927$531$298$78
43 years$2,471$1,495$870$490$271$68
44 years$2,388$1,425$816$453$246$59
45 years$2,309$1,359$766$418$223$52
46 years$2,233$1,297$720$386$202$45
47 years$2,161$1,237$676$357$184$39
48 years$2,092$1,181$636$330$167$34
49 years$2,026$1,128$597$305$152$30
50 years$1,962$1,078$562$282$138$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,010,000, adding $2,191 every year, while hoping to spend $34,655 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: 54/29/17 Blend
72$2,010,000$2,010,000$2,010,000$2,010,000
73$2,217,280$2,110,750$2,079,595$2,326,775
74$2,406,570$2,177,304$2,112,389$2,468,360
75$2,614,006$2,245,958$2,145,120$2,618,524
76$2,841,402$2,316,778$2,177,749$2,781,210
77$3,090,757$2,389,832$2,210,236$2,957,620
78$3,364,272$2,465,191$2,242,536$3,149,079
79$3,664,370$2,542,927$2,274,603$3,357,042
80$3,993,722$2,623,117$2,306,388$3,583,113
81$4,355,268$2,705,836$2,337,839$3,829,057
82$4,752,249$2,791,166$2,368,901$4,096,817
83$5,188,234$2,879,189$2,399,514$4,388,530
84$5,667,154$2,969,989$2,429,618$4,706,552
85$6,193,339$3,063,654$2,459,146$5,053,475
86$6,771,562$3,160,276$2,488,029$5,432,155
87$7,407,079$3,259,946$2,516,196$5,845,734
88$8,105,680$3,362,763$2,543,567$6,297,674
89$8,873,745$3,468,824$2,570,062$6,791,789
90$9,718,303$3,578,232$2,595,596$7,332,277
91$10,647,099$3,691,094$2,620,077$7,923,762
92$11,668,664$3,807,519$2,643,410$8,571,340
93$12,792,398$3,927,618$2,665,495$9,280,619
94$14,028,660$4,051,508$2,686,226$10,057,782
95$15,388,861$4,179,310$2,705,492$10,909,636
96$16,885,574$4,311,146$2,723,176$11,843,680
97$18,532,654$4,447,143$2,739,154$12,868,176
98$20,345,367$4,587,435$2,753,297$13,992,225
99$22,340,530$4,732,156$2,765,469$15,225,854
100$24,536,679$4,881,446$2,775,527$16,580,110