Can I retire at age 73 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$173,416$171,871$170,364$168,893$167,457$162,097
2 years$85,850$84,251$82,701$81,199$79,741$74,390
3 years$56,665$55,059$53,513$52,025$50,591$45,417
4 years$42,075$40,474$38,944$37,481$36,082$31,125
5 years$33,323$31,732$30,222$28,789$27,429$22,702
6 years$27,491$25,912$24,424$23,023$21,704$17,211
7 years$23,327$21,761$20,296$18,928$17,651$13,392
8 years$20,205$18,653$17,213$15,878$14,643$10,615
9 years$17,778$16,241$14,825$13,525$12,332$8,530
10 years$15,837$14,315$12,925$11,659$10,507$6,925
11 years$14,251$12,744$11,379$10,146$9,037$5,669
12 years$12,930$11,438$10,099$8,900$7,831$4,669
13 years$11,813$10,337$9,023$7,857$6,829$3,866
14 years$10,856$9,396$8,107$6,975$5,986$3,214
15 years$10,028$8,583$7,319$6,220$5,271$2,681
16 years$9,304$7,875$6,636$5,570$4,658$2,243
17 years$8,666$7,253$6,039$5,004$4,130$1,880
18 years$8,099$6,702$5,512$4,510$3,672$1,579
19 years$7,592$6,211$5,046$4,075$3,273$1,328
20 years$7,137$5,772$4,631$3,691$2,924$1,119
21 years$6,726$5,376$4,260$3,350$2,616$943
22 years$6,352$5,018$3,926$3,045$2,345$796
23 years$6,012$4,694$3,625$2,774$2,105$673
24 years$5,700$4,398$3,353$2,530$1,892$568
25 years$5,414$4,127$3,105$2,310$1,703$481
26 years$5,150$3,879$2,880$2,112$1,534$407
27 years$4,906$3,650$2,674$1,934$1,383$344
28 years$4,680$3,440$2,486$1,772$1,248$291
29 years$4,470$3,245$2,313$1,625$1,127$247
30 years$4,275$3,064$2,155$1,491$1,018$209
31 years$4,092$2,897$2,009$1,369$920$177
32 years$3,921$2,741$1,874$1,258$833$150
33 years$3,761$2,596$1,750$1,157$753$127
34 years$3,610$2,460$1,635$1,065$682$108
35 years$3,469$2,334$1,529$980$618$91
36 years$3,335$2,215$1,430$903$560$77
37 years$3,209$2,104$1,339$832$507$66
38 years$3,090$1,999$1,254$767$460$56
39 years$2,978$1,901$1,174$707$417$47
40 years$2,871$1,809$1,101$652$378$40
41 years$2,770$1,722$1,032$602$343$34
42 years$2,674$1,640$968$555$311$29
43 years$2,582$1,562$909$512$283$24
44 years$2,495$1,489$853$473$257$21
45 years$2,412$1,420$801$437$233$18
46 years$2,333$1,355$752$404$211$15
47 years$2,258$1,293$707$373$192$13
48 years$2,185$1,234$664$345$174$11
49 years$2,116$1,179$624$318$158$9
50 years$2,050$1,126$587$294$144$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,100,000, adding $3,087 every year, while hoping to spend $45,092 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: 47/27/26 Blend
72$2,100,000$2,100,000$2,100,000$2,100,000
73$2,317,384$2,206,084$2,173,534$2,408,923
74$2,505,780$2,266,205$2,198,370$2,533,778
75$2,711,881$2,327,760$2,222,527$2,664,556
76$2,937,445$2,390,773$2,245,934$2,805,631
77$3,184,408$2,455,265$2,268,517$2,957,990
78$3,454,904$2,521,258$2,290,198$3,122,723
79$3,751,278$2,588,775$2,310,894$3,301,031
80$4,076,119$2,657,834$2,330,519$3,494,235
81$4,432,272$2,728,458$2,348,981$3,703,792
82$4,822,876$2,800,664$2,366,183$3,931,306
83$5,251,384$2,874,472$2,382,025$4,178,545
84$5,721,602$2,949,898$2,396,400$4,447,455
85$6,237,722$3,026,959$2,409,196$4,740,182
86$6,804,360$3,105,670$2,420,294$5,059,091
87$7,426,603$3,186,046$2,429,572$5,406,786
88$8,110,052$3,268,098$2,436,899$5,786,139
89$8,860,881$3,351,838$2,442,138$6,200,311
90$9,685,887$3,437,275$2,445,146$6,652,789
91$10,592,561$3,524,415$2,445,772$7,147,415
92$11,589,156$3,613,265$2,443,859$7,688,421
93$12,684,763$3,703,828$2,439,241$8,280,473
94$13,889,397$3,796,103$2,431,744$8,928,713
95$15,214,093$3,890,090$2,421,185$9,638,805
96$16,671,010$3,985,784$2,407,374$10,416,995
97$18,273,542$4,083,177$2,390,110$11,270,165
98$20,036,449$4,182,257$2,369,184$12,205,900
99$21,975,990$4,283,012$2,344,376$13,232,559
100$24,110,083$4,385,422$2,315,454$14,359,354