Can I retire at age 73 with 2,080,000?

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 $2,080,000?

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$171,764$170,234$168,742$167,285$165,862$161,525
2 years$85,032$83,448$81,913$80,425$78,982$74,642
3 years$56,125$54,534$53,003$51,529$50,109$45,902
4 years$41,674$40,089$38,573$37,124$35,738$31,696
5 years$33,006$31,430$29,934$28,515$27,168$23,302
6 years$27,229$25,665$24,191$22,803$21,497$17,812
7 years$23,104$21,553$20,103$18,748$17,483$13,978
8 years$20,012$18,475$17,049$15,727$14,504$11,177
9 years$17,609$16,086$14,684$13,396$12,214$9,064
10 years$15,687$14,179$12,802$11,548$10,407$7,429
11 years$14,115$12,623$11,271$10,050$8,950$6,139
12 years$12,807$11,329$10,003$8,815$7,756$5,108
13 years$11,700$10,239$8,937$7,782$6,764$4,272
14 years$10,753$9,307$8,030$6,908$5,929$3,589
15 years$9,932$8,502$7,250$6,161$5,220$3,025
16 years$9,215$7,800$6,573$5,517$4,614$2,558
17 years$8,583$7,184$5,981$4,957$4,091$2,168
18 years$8,022$6,638$5,460$4,467$3,637$1,841
19 years$7,520$6,152$4,998$4,036$3,242$1,566
20 years$7,069$5,717$4,587$3,656$2,896$1,335
21 years$6,662$5,325$4,219$3,318$2,591$1,139
22 years$6,292$4,971$3,889$3,016$2,323$972
23 years$5,955$4,649$3,591$2,747$2,085$831
24 years$5,646$4,356$3,321$2,506$1,874$711
25 years$5,363$4,088$3,076$2,288$1,686$608
26 years$5,101$3,842$2,852$2,092$1,519$521
27 years$4,860$3,616$2,649$1,915$1,370$446
28 years$4,636$3,407$2,462$1,755$1,236$382
29 years$4,428$3,214$2,291$1,609$1,116$328
30 years$4,234$3,035$2,134$1,477$1,008$281
31 years$4,053$2,869$1,990$1,356$912$241
32 years$3,884$2,715$1,857$1,246$825$207
33 years$3,725$2,571$1,733$1,146$746$178
34 years$3,576$2,437$1,620$1,055$676$152
35 years$3,436$2,311$1,514$971$612$131
36 years$3,304$2,194$1,417$894$554$112
37 years$3,179$2,084$1,326$824$503$96
38 years$3,061$1,980$1,242$759$456$83
39 years$2,949$1,883$1,163$700$413$71
40 years$2,844$1,791$1,090$646$375$61
41 years$2,743$1,705$1,022$596$340$52
42 years$2,648$1,624$959$550$309$45
43 years$2,558$1,547$900$508$280$39
44 years$2,471$1,475$845$469$254$33
45 years$2,389$1,407$793$433$231$29
46 years$2,311$1,342$745$400$209$25
47 years$2,236$1,280$700$369$190$21
48 years$2,165$1,222$658$341$173$18
49 years$2,096$1,167$618$315$157$16
50 years$2,031$1,115$581$292$143$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,080,000, adding $3,421 every year, while hoping to spend $46,266 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: 47/38/15 Blend
72$2,080,000$2,080,000$2,080,000$2,080,000
73$2,295,689$2,185,449$2,153,209$2,393,741
74$2,480,622$2,243,309$2,176,115$2,519,917
75$2,682,869$2,302,454$2,198,237$2,651,786
76$2,904,144$2,362,897$2,219,501$2,793,898
77$3,146,340$2,424,653$2,239,828$2,947,227
78$3,411,539$2,487,732$2,259,134$3,112,844
79$3,702,032$2,552,147$2,277,331$3,291,925
80$4,020,344$2,617,908$2,294,327$3,485,770
81$4,369,257$2,685,023$2,310,024$3,695,806
82$4,751,832$2,753,500$2,324,321$3,923,608
83$5,171,442$2,823,345$2,337,109$4,170,907
84$5,631,803$2,894,562$2,348,276$4,439,613
85$6,137,006$2,967,155$2,357,702$4,731,828
86$6,691,559$3,041,124$2,365,264$5,049,867
87$7,300,426$3,116,467$2,370,828$5,396,280
88$7,969,078$3,193,182$2,374,259$5,773,880
89$8,703,537$3,271,262$2,375,410$6,185,760
90$9,510,443$3,350,698$2,374,131$6,635,332
91$10,397,106$3,431,480$2,370,262$7,126,354
92$11,371,581$3,513,593$2,363,637$7,662,967
93$12,442,743$3,597,020$2,354,080$8,249,732
94$13,620,369$3,681,740$2,341,407$8,891,678
95$14,915,228$3,767,727$2,325,426$9,594,343
96$16,339,190$3,854,954$2,305,936$10,363,831
97$17,905,327$3,943,386$2,282,725$11,206,869
98$19,628,046$4,032,988$2,255,571$12,130,868
99$21,523,218$4,123,716$2,224,244$13,143,996
100$23,608,331$4,215,522$2,188,501$14,255,256