Can I retire at age 73 with 2,050,000?

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$169,287$167,779$166,308$164,872$163,470$159,324
2 years$83,805$82,245$80,732$79,265$77,843$73,693
3 years$55,315$53,748$52,239$50,786$49,387$45,362
4 years$41,073$39,510$38,017$36,589$35,223$31,355
5 years$32,530$30,977$29,502$28,104$26,776$23,076
6 years$26,836$25,295$23,842$22,475$21,187$17,658
7 years$22,771$21,242$19,813$18,478$17,231$13,873
8 years$19,724$18,209$16,803$15,500$14,294$11,107
9 years$17,355$15,854$14,472$13,203$12,038$9,017
10 years$15,460$13,974$12,617$11,381$10,257$7,400
11 years$13,912$12,441$11,108$9,905$8,821$6,123
12 years$12,622$11,166$9,858$8,688$7,644$5,101
13 years$11,532$10,091$8,808$7,670$6,666$4,272
14 years$10,598$9,172$7,914$6,809$5,843$3,594
15 years$9,789$8,379$7,145$6,072$5,145$3,034
16 years$9,082$7,688$6,478$5,437$4,547$2,569
17 years$8,459$7,080$5,895$4,885$4,032$2,180
18 years$7,906$6,542$5,381$4,402$3,585$1,854
19 years$7,412$6,063$4,926$3,978$3,195$1,580
20 years$6,967$5,634$4,521$3,603$2,854$1,348
21 years$6,566$5,248$4,158$3,270$2,554$1,152
22 years$6,201$4,899$3,833$2,973$2,289$985
23 years$5,869$4,582$3,539$2,708$2,055$843
24 years$5,565$4,293$3,273$2,469$1,847$723
25 years$5,285$4,029$3,031$2,255$1,662$619
26 years$5,028$3,786$2,811$2,062$1,497$531
27 years$4,790$3,563$2,611$1,887$1,350$456
28 years$4,569$3,358$2,427$1,729$1,218$391
29 years$4,364$3,168$2,258$1,586$1,100$336
30 years$4,173$2,992$2,104$1,455$994$289
31 years$3,995$2,828$1,961$1,337$898$248
32 years$3,828$2,676$1,830$1,228$813$213
33 years$3,671$2,534$1,708$1,130$736$183
34 years$3,524$2,402$1,596$1,039$666$158
35 years$3,386$2,278$1,492$957$603$135
36 years$3,256$2,162$1,396$881$546$117
37 years$3,133$2,054$1,307$812$495$100
38 years$3,017$1,952$1,224$748$449$86
39 years$2,907$1,856$1,146$690$407$74
40 years$2,803$1,766$1,075$636$369$64
41 years$2,704$1,681$1,008$587$335$55
42 years$2,610$1,601$945$542$304$47
43 years$2,521$1,525$887$500$276$41
44 years$2,436$1,454$833$462$250$35
45 years$2,355$1,386$782$427$227$30
46 years$2,277$1,322$734$394$206$26
47 years$2,204$1,262$690$364$187$22
48 years$2,133$1,205$648$336$170$19
49 years$2,066$1,150$609$311$155$16
50 years$2,002$1,099$573$287$140$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,050,000, adding $6,973 every year, while hoping to spend $20,483 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: 62/8/30 Blend
72$2,050,000$2,050,000$2,050,000$2,050,000
73$2,266,293$2,157,643$2,125,868$2,388,061
74$2,475,661$2,241,573$2,175,290$2,555,715
75$2,705,698$2,328,930$2,225,682$2,735,893
76$2,958,491$2,419,859$2,277,054$2,932,225
77$3,236,338$2,514,514$2,329,417$3,146,296
78$3,541,772$2,613,053$2,382,780$3,379,854
79$3,877,583$2,715,643$2,437,154$3,634,821
80$4,246,846$2,822,458$2,492,547$3,913,317
81$4,652,946$2,933,681$2,548,970$4,217,672
82$5,099,616$3,049,500$2,606,429$4,550,455
83$5,590,966$3,170,115$2,664,934$4,914,495
84$6,131,526$3,295,732$2,724,491$5,312,904
85$6,726,287$3,426,568$2,785,107$5,749,115
86$7,380,748$3,562,850$2,846,788$6,226,905
87$8,100,968$3,704,814$2,909,539$6,750,435
88$8,893,624$3,852,706$2,973,365$7,324,288
89$9,766,070$4,006,785$3,038,270$7,953,514
90$10,726,413$4,167,322$3,104,255$8,643,674
91$11,783,583$4,334,596$3,171,324$9,400,894
92$12,947,421$4,508,904$3,239,476$10,231,924
93$14,228,771$4,690,554$3,308,711$11,144,196
94$15,639,582$4,879,866$3,379,029$12,145,903
95$17,193,018$5,077,179$3,450,425$13,246,066
96$18,903,588$5,282,843$3,522,897$14,454,627
97$20,787,278$5,497,227$3,596,438$15,782,537
98$22,861,704$5,720,714$3,671,042$17,241,862
99$25,146,276$5,953,707$3,746,700$18,845,895
100$27,662,383$6,196,626$3,823,402$20,609,282