Can I retire at age 73 with 2,030,000?

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$167,636$166,142$164,685$163,264$161,875$157,642
2 years$82,988$81,442$79,944$78,492$77,083$72,848
3 years$54,776$53,223$51,729$50,291$48,905$44,799
4 years$40,672$39,125$37,646$36,232$34,879$30,934
5 years$32,213$30,674$29,215$27,829$26,515$22,742
6 years$26,575$25,048$23,610$22,255$20,980$17,383
7 years$22,549$21,035$19,620$18,297$17,063$13,642
8 years$19,531$18,031$16,639$15,349$14,155$10,909
9 years$17,185$15,699$14,331$13,074$11,921$8,846
10 years$15,310$13,838$12,494$11,270$10,157$7,250
11 years$13,776$12,319$11,000$9,808$8,735$5,992
12 years$12,499$11,057$9,762$8,603$7,570$4,985
13 years$11,419$9,992$8,722$7,595$6,601$4,169
14 years$10,494$9,083$7,837$6,742$5,786$3,502
15 years$9,694$8,297$7,075$6,013$5,095$2,952
16 years$8,994$7,613$6,415$5,384$4,503$2,496
17 years$8,377$7,011$5,837$4,837$3,993$2,116
18 years$7,829$6,478$5,329$4,359$3,550$1,797
19 years$7,339$6,004$4,878$3,939$3,164$1,529
20 years$6,899$5,579$4,477$3,568$2,826$1,303
21 years$6,502$5,197$4,118$3,238$2,529$1,111
22 years$6,141$4,851$3,795$2,944$2,267$949
23 years$5,812$4,537$3,504$2,681$2,035$811
24 years$5,510$4,251$3,241$2,445$1,829$694
25 years$5,234$3,989$3,002$2,233$1,646$594
26 years$4,979$3,749$2,784$2,042$1,483$508
27 years$4,743$3,529$2,585$1,869$1,337$436
28 years$4,524$3,325$2,403$1,712$1,206$373
29 years$4,321$3,137$2,236$1,570$1,089$320
30 years$4,132$2,962$2,083$1,441$984$274
31 years$3,956$2,800$1,942$1,324$890$235
32 years$3,790$2,650$1,812$1,216$805$202
33 years$3,635$2,509$1,692$1,119$728$173
34 years$3,490$2,378$1,581$1,029$659$149
35 years$3,353$2,256$1,478$947$597$128
36 years$3,224$2,141$1,383$873$541$110
37 years$3,102$2,034$1,294$804$490$94
38 years$2,987$1,933$1,212$741$445$81
39 years$2,878$1,838$1,135$683$403$69
40 years$2,775$1,748$1,064$630$366$60
41 years$2,677$1,664$998$581$332$51
42 years$2,584$1,585$936$537$301$44
43 years$2,496$1,510$878$495$273$38
44 years$2,412$1,440$824$457$248$32
45 years$2,332$1,373$774$422$225$28
46 years$2,255$1,310$727$390$204$24
47 years$2,182$1,250$683$360$186$21
48 years$2,113$1,193$642$333$169$18
49 years$2,046$1,139$603$308$153$15
50 years$1,982$1,088$567$285$139$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,030,000, adding $4,524 every year, while hoping to spend $54,871 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: 72/16/12 Blend
72$2,030,000$2,030,000$2,030,000$2,030,000
73$2,241,727$2,134,137$2,102,672$2,397,244
74$2,412,000$2,180,327$2,114,729$2,546,972
75$2,597,803$2,226,942$2,125,351$2,703,694
76$2,800,661$2,273,943$2,134,432$2,873,826
77$3,022,253$2,321,291$2,141,860$3,058,681
78$3,264,429$2,368,941$2,147,519$3,259,705
79$3,529,226$2,416,844$2,151,285$3,478,490
80$3,818,884$2,464,947$2,153,031$3,716,789
81$4,135,872$2,513,191$2,152,619$3,976,535
82$4,482,908$2,561,514$2,149,909$4,259,857
83$4,862,984$2,609,848$2,144,751$4,569,099
84$5,279,398$2,658,120$2,136,989$4,906,844
85$5,735,777$2,706,249$2,126,459$5,275,940
86$6,236,121$2,754,150$2,112,990$5,679,523
87$6,784,832$2,801,729$2,096,401$6,121,048
88$7,386,758$2,848,888$2,076,505$6,604,323
89$8,047,243$2,895,518$2,053,102$7,133,544
90$8,772,168$2,941,505$2,025,988$7,713,334
91$9,568,015$2,986,725$1,994,944$8,348,788
92$10,441,922$3,031,044$1,959,745$9,045,520
93$11,401,755$3,074,322$1,920,153$9,809,717
94$12,456,175$3,116,404$1,875,919$10,648,196
95$13,614,726$3,157,129$1,826,783$11,568,470
96$14,887,922$3,196,323$1,772,475$12,578,818
97$16,287,345$3,233,798$1,712,708$13,688,365
98$17,825,757$3,269,357$1,647,186$14,907,165
99$19,517,216$3,302,787$1,575,598$16,246,298
100$21,377,210$3,333,861$1,497,619$17,717,977