Can I retire at age 73 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$170,939$169,416$167,930$166,481$165,065$163,819
2 years$84,623$83,047$81,520$80,039$78,602$77,346
3 years$55,855$54,272$52,749$51,282$49,868$48,641
4 years$41,474$39,896$38,387$36,945$35,567$34,377
5 years$32,847$31,279$29,790$28,378$27,037$25,889
6 years$27,098$25,541$24,075$22,694$21,394$20,289
7 years$22,993$21,450$20,006$18,658$17,399$16,338
8 years$19,916$18,386$16,967$15,652$14,434$13,416
9 years$17,524$16,009$14,614$13,332$12,155$11,181
10 years$15,611$14,111$12,741$11,492$10,357$9,426
11 years$14,047$12,562$11,217$10,002$8,907$8,018
12 years$12,745$11,275$9,954$8,773$7,719$6,871
13 years$11,644$10,189$8,894$7,745$6,731$5,924
14 years$10,701$9,262$7,991$6,875$5,900$5,132
15 years$9,885$8,461$7,215$6,131$5,195$4,466
16 years$9,171$7,763$6,541$5,490$4,592$3,899
17 years$8,542$7,149$5,952$4,933$4,071$3,415
18 years$7,983$6,606$5,434$4,445$3,620$2,999
19 years$7,484$6,122$4,974$4,017$3,226$2,639
20 years$7,035$5,689$4,565$3,638$2,882$2,327
21 years$6,630$5,299$4,199$3,302$2,579$2,055
22 years$6,262$4,947$3,870$3,002$2,312$1,818
23 years$5,926$4,627$3,573$2,734$2,075$1,610
24 years$5,619$4,335$3,305$2,494$1,865$1,428
25 years$5,337$4,068$3,061$2,277$1,678$1,267
26 years$5,077$3,823$2,839$2,082$1,512$1,125
27 years$4,836$3,598$2,636$1,906$1,363$1,001
28 years$4,614$3,391$2,451$1,746$1,230$890
29 years$4,407$3,199$2,280$1,601$1,111$792
30 years$4,214$3,021$2,124$1,470$1,003$706
31 years$4,034$2,856$1,980$1,350$907$629
32 years$3,865$2,702$1,848$1,240$821$560
33 years$3,707$2,559$1,725$1,141$743$500
34 years$3,559$2,425$1,612$1,050$672$446
35 years$3,419$2,300$1,507$966$609$398
36 years$3,288$2,183$1,410$890$552$355
37 years$3,164$2,074$1,320$820$500$317
38 years$3,046$1,971$1,236$756$453$283
39 years$2,935$1,874$1,158$697$411$253
40 years$2,830$1,783$1,085$643$373$226
41 years$2,730$1,697$1,017$593$338$202
42 years$2,635$1,616$954$547$307$180
43 years$2,545$1,540$896$505$279$161
44 years$2,459$1,468$841$466$253$144
45 years$2,378$1,400$789$431$230$129
46 years$2,300$1,335$741$398$208$115
47 years$2,225$1,274$697$368$189$103
48 years$2,154$1,217$655$340$172$92
49 years$2,086$1,162$615$314$156$82
50 years$2,021$1,110$578$290$142$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,070,000, adding $5,318 every year, while hoping to spend $26,235 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: 33/37/30 Blend
72$2,070,000$2,070,000$2,070,000$2,070,000
73$2,286,626$2,176,916$2,144,831$2,341,146
74$2,491,947$2,255,671$2,188,769$2,462,069
75$2,717,333$2,337,405$2,233,299$2,589,617
76$2,964,801$2,422,238$2,278,415$2,726,582
77$3,236,575$2,510,292$2,324,106$2,873,816
78$3,535,105$2,601,696$2,370,363$3,032,257
79$3,863,089$2,696,583$2,417,174$3,202,936
80$4,223,502$2,795,092$2,464,526$3,386,983
81$4,619,617$2,897,370$2,512,406$3,585,642
82$5,055,043$3,003,566$2,560,797$3,800,279
83$5,533,756$3,113,840$2,609,682$4,032,394
84$6,060,136$3,228,354$2,659,043$4,283,640
85$6,639,007$3,347,281$2,708,858$4,555,831
86$7,275,686$3,470,798$2,759,105$4,850,962
87$7,976,031$3,599,092$2,809,760$5,171,228
88$8,746,494$3,732,356$2,860,796$5,519,044
89$9,594,188$3,870,793$2,912,184$5,897,065
90$10,526,947$4,014,613$2,963,893$6,308,212
91$11,553,402$4,164,036$3,015,890$6,755,699
92$12,683,067$4,319,291$3,068,140$7,243,064
93$13,926,420$4,480,617$3,120,603$7,774,199
94$15,295,011$4,648,263$3,173,239$8,353,386
95$16,801,562$4,822,488$3,226,003$8,985,342
96$18,460,096$5,003,565$3,278,849$9,675,254
97$20,286,060$5,191,774$3,331,725$10,428,836
98$22,296,478$5,387,411$3,384,577$11,252,375
99$24,510,108$5,590,783$3,437,350$12,152,795
100$26,947,619$5,802,211$3,489,981$13,137,718