Can I retire at age 73 with 2,140,000?

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$176,719$175,145$173,609$172,110$170,647$169,146
2 years$87,485$85,855$84,276$82,745$81,260$79,748
3 years$57,744$56,107$54,532$53,016$51,555$50,078
4 years$42,876$41,245$39,686$38,195$36,769$35,339
5 years$33,958$32,337$30,798$29,337$27,951$26,572
6 years$28,015$26,405$24,889$23,461$22,117$20,791
7 years$23,771$22,175$20,683$19,289$17,987$16,714
8 years$20,590$19,008$17,541$16,181$14,922$13,702
9 years$18,116$16,550$15,108$13,783$12,567$11,399
10 years$16,139$14,588$13,171$11,881$10,707$9,592
11 years$14,522$12,987$11,596$10,340$9,209$8,145
12 years$13,176$11,656$10,291$9,069$7,980$6,966
13 years$12,038$10,534$9,194$8,007$6,959$5,994
14 years$11,063$9,575$8,261$7,108$6,100$5,183
15 years$10,219$8,747$7,459$6,339$5,371$4,501
16 years$9,481$8,025$6,762$5,676$4,747$3,922
17 years$8,831$7,391$6,154$5,100$4,209$3,428
18 years$8,253$6,829$5,617$4,596$3,742$3,003
19 years$7,737$6,330$5,142$4,153$3,336$2,637
20 years$7,273$5,882$4,719$3,761$2,979$2,320
21 years$6,854$5,479$4,341$3,413$2,666$2,045
22 years$6,473$5,114$4,001$3,104$2,390$1,805
23 years$6,127$4,783$3,694$2,826$2,145$1,595
24 years$5,809$4,481$3,416$2,578$1,928$1,411
25 years$5,517$4,206$3,164$2,354$1,735$1,249
26 years$5,248$3,953$2,935$2,153$1,563$1,107
27 years$5,000$3,720$2,725$1,970$1,409$982
28 years$4,770$3,505$2,533$1,805$1,271$871
29 years$4,556$3,307$2,358$1,655$1,148$774
30 years$4,356$3,123$2,196$1,519$1,037$687
31 years$4,170$2,952$2,047$1,395$938$611
32 years$3,996$2,793$1,910$1,282$848$543
33 years$3,832$2,645$1,783$1,179$768$483
34 years$3,679$2,507$1,666$1,085$695$430
35 years$3,535$2,378$1,558$999$630$383
36 years$3,399$2,257$1,457$920$570$341
37 years$3,271$2,144$1,364$848$517$303
38 years$3,149$2,037$1,277$781$469$270
39 years$3,034$1,937$1,197$720$425$241
40 years$2,926$1,843$1,122$664$386$214
41 years$2,823$1,754$1,052$613$350$191
42 years$2,725$1,671$987$566$317$170
43 years$2,631$1,592$926$522$288$152
44 years$2,543$1,518$869$482$261$135
45 years$2,458$1,447$816$445$237$121
46 years$2,377$1,381$766$411$216$108
47 years$2,301$1,317$720$380$196$96
48 years$2,227$1,258$677$351$178$85
49 years$2,157$1,201$636$325$161$76
50 years$2,089$1,147$598$300$147$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,140,000, adding $3,822 every year, while hoping to spend $49,571 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: 81/8/11 Blend
72$2,140,000$2,140,000$2,140,000$2,140,000
73$2,362,222$2,248,802$2,215,632$2,548,815
74$2,550,426$2,306,251$2,237,113$2,729,187
75$2,756,165$2,364,852$2,257,652$2,920,236
76$2,981,175$2,424,612$2,277,165$3,128,473
77$3,227,369$2,485,532$2,295,564$3,355,594
78$3,496,851$2,547,613$2,312,756$3,603,468
79$3,791,940$2,610,856$2,328,643$3,874,153
80$4,115,187$2,675,258$2,343,122$4,169,916
81$4,469,405$2,740,814$2,356,085$4,493,253
82$4,857,688$2,807,518$2,367,418$4,846,915
83$5,283,447$2,875,361$2,377,001$5,233,931
84$5,750,438$2,944,332$2,384,709$5,657,639
85$6,262,795$3,014,417$2,390,410$6,121,713
86$6,825,076$3,085,600$2,393,965$6,630,206
87$7,442,300$3,157,860$2,395,228$7,187,577
88$8,119,994$3,231,174$2,394,048$7,798,742
89$8,864,247$3,305,516$2,390,263$8,469,118
90$9,681,770$3,380,855$2,383,705$9,204,670
91$10,579,950$3,457,157$2,374,199$10,011,973
92$11,566,930$3,534,383$2,361,560$10,898,269
93$12,651,679$3,612,490$2,345,594$11,871,539
94$13,844,077$3,691,428$2,326,098$12,940,576
95$15,155,010$3,771,146$2,302,860$14,115,067
96$16,596,472$3,851,583$2,275,657$15,405,690
97$18,181,676$3,932,674$2,244,255$16,824,207
98$19,925,180$4,014,348$2,208,411$18,383,579
99$21,843,024$4,096,527$2,167,868$20,098,088
100$23,952,881$4,179,125$2,122,360$21,983,471