Can I retire at age 73 with 2,040,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$168,461$166,961$165,497$164,068$162,672$160,907
2 years$83,397$81,843$80,338$78,879$77,463$75,685
3 years$55,046$53,486$51,984$50,538$49,146$47,411
4 years$40,873$39,318$37,831$36,410$35,051$33,373
5 years$32,371$30,825$29,359$27,966$26,645$25,028
6 years$26,705$25,171$23,726$22,365$21,084$19,530
7 years$22,660$21,139$19,716$18,387$17,147$15,657
8 years$19,627$18,120$16,721$15,425$14,225$12,799
9 years$17,270$15,777$14,402$13,138$11,979$10,617
10 years$15,385$13,906$12,556$11,326$10,207$8,907
11 years$13,844$12,380$11,054$9,857$8,778$7,539
12 years$12,560$11,112$9,810$8,646$7,607$6,428
13 years$11,475$10,042$8,765$7,633$6,634$5,513
14 years$10,546$9,128$7,875$6,775$5,815$4,752
15 years$9,741$8,338$7,110$6,043$5,120$4,112
16 years$9,038$7,650$6,446$5,410$4,525$3,571
17 years$8,418$7,045$5,866$4,861$4,012$3,110
18 years$7,867$6,510$5,355$4,381$3,567$2,715
19 years$7,376$6,034$4,902$3,959$3,180$2,376
20 years$6,933$5,607$4,499$3,585$2,840$2,083
21 years$6,534$5,223$4,138$3,254$2,542$1,829
22 years$6,171$4,875$3,814$2,958$2,278$1,608
23 years$5,840$4,560$3,522$2,694$2,045$1,415
24 years$5,538$4,272$3,257$2,457$1,838$1,247
25 years$5,259$4,009$3,016$2,244$1,654$1,100
26 years$5,003$3,768$2,798$2,052$1,490$971
27 years$4,766$3,546$2,598$1,878$1,343$858
28 years$4,547$3,341$2,415$1,721$1,212$758
29 years$4,343$3,152$2,247$1,578$1,094$671
30 years$4,153$2,977$2,093$1,448$989$593
31 years$3,975$2,814$1,952$1,330$894$525
32 years$3,809$2,663$1,821$1,222$809$465
33 years$3,653$2,522$1,700$1,124$732$412
34 years$3,507$2,390$1,589$1,034$663$365
35 years$3,370$2,267$1,485$952$600$324
36 years$3,240$2,152$1,389$877$544$287
37 years$3,118$2,044$1,300$808$493$254
38 years$3,002$1,942$1,218$745$447$226
39 years$2,893$1,847$1,141$687$405$200
40 years$2,789$1,757$1,069$633$368$177
41 years$2,691$1,673$1,003$584$333$157
42 years$2,597$1,593$941$539$303$140
43 years$2,508$1,518$883$498$275$124
44 years$2,424$1,447$828$460$249$110
45 years$2,343$1,380$778$424$226$98
46 years$2,266$1,316$731$392$205$87
47 years$2,193$1,256$686$362$187$77
48 years$2,123$1,199$645$335$169$68
49 years$2,056$1,145$606$309$154$61
50 years$1,992$1,094$570$286$140$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,040,000, adding $3,036 every year, while hoping to spend $51,562 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: 77/14/9 Blend
72$2,040,000$2,040,000$2,040,000$2,040,000
73$2,251,212$2,143,092$2,111,472$2,421,099
74$2,425,974$2,193,242$2,127,344$2,583,361
75$2,616,833$2,244,121$2,142,021$2,754,303
76$2,825,378$2,295,710$2,155,406$2,940,240
77$3,053,356$2,347,989$2,167,401$3,142,644
78$3,302,690$2,400,933$2,177,901$3,363,134
79$3,575,500$2,454,515$2,186,797$3,603,494
80$3,874,119$2,508,704$2,193,973$3,865,689
81$4,201,116$2,563,467$2,199,307$4,151,881
82$4,559,319$2,618,766$2,202,673$4,464,455
83$4,951,844$2,674,560$2,203,937$4,806,035
84$5,382,122$2,730,803$2,202,959$5,179,514
85$5,853,932$2,787,445$2,199,591$5,588,077
86$6,371,435$2,844,433$2,193,680$6,035,234
87$6,939,217$2,901,705$2,185,064$6,524,851
88$7,562,326$2,959,198$2,173,572$7,061,187
89$8,246,324$3,016,840$2,159,028$7,648,935
90$8,997,339$3,074,554$2,141,245$8,293,266
91$9,822,118$3,132,258$2,120,028$8,999,876
92$10,728,097$3,189,862$2,095,172$9,775,042
93$11,723,466$3,247,268$2,066,463$10,625,680
94$12,817,247$3,304,372$2,033,677$11,559,409
95$14,019,381$3,361,060$1,996,579$12,584,626
96$15,340,817$3,417,212$1,954,924$13,710,583
97$16,793,621$3,472,696$1,908,455$14,947,473
98$18,391,085$3,527,372$1,856,902$16,306,531
99$20,147,851$3,581,089$1,799,984$17,800,134
100$22,080,056$3,633,686$1,737,407$19,441,923