Can I retire at age 73 with 2,150,000?

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$177,545$175,964$174,421$172,915$171,444$169,022
2 years$87,894$86,257$84,670$83,132$81,640$79,204
3 years$58,014$56,370$54,787$53,263$51,796$49,422
4 years$43,077$41,438$39,871$38,373$36,941$34,648
5 years$34,117$32,488$30,942$29,474$28,082$25,876
6 years$28,145$26,529$25,005$23,571$22,220$20,104
7 years$23,882$22,279$20,780$19,379$18,071$16,046
8 years$20,686$19,097$17,623$16,257$14,992$13,057
9 years$18,201$16,627$15,178$13,847$12,625$10,779
10 years$16,215$14,656$13,233$11,936$10,757$9,000
11 years$14,590$13,048$11,650$10,388$9,252$7,580
12 years$13,238$11,711$10,339$9,112$8,017$6,430
13 years$12,094$10,583$9,237$8,044$6,991$5,486
14 years$11,115$9,620$8,300$7,141$6,128$4,703
15 years$10,267$8,788$7,494$6,368$5,396$4,048
16 years$9,525$8,063$6,794$5,702$4,769$3,496
17 years$8,872$7,425$6,182$5,123$4,229$3,028
18 years$8,292$6,861$5,644$4,617$3,760$2,628
19 years$7,773$6,359$5,166$4,172$3,351$2,286
20 years$7,307$5,909$4,742$3,779$2,993$1,993
21 years$6,886$5,504$4,361$3,429$2,679$1,739
22 years$6,504$5,138$4,020$3,118$2,401$1,520
23 years$6,155$4,805$3,711$2,840$2,155$1,330
24 years$5,836$4,502$3,432$2,590$1,937$1,164
25 years$5,543$4,225$3,179$2,365$1,743$1,021
26 years$5,273$3,971$2,948$2,163$1,570$895
27 years$5,023$3,737$2,738$1,980$1,416$786
28 years$4,792$3,522$2,545$1,814$1,277$690
29 years$4,577$3,322$2,369$1,663$1,153$606
30 years$4,376$3,137$2,206$1,526$1,042$533
31 years$4,189$2,966$2,057$1,402$942$469
32 years$4,014$2,806$1,919$1,288$852$412
33 years$3,850$2,658$1,792$1,185$771$363
34 years$3,696$2,519$1,674$1,090$698$319
35 years$3,551$2,389$1,565$1,003$633$281
36 years$3,415$2,268$1,464$924$573$248
37 years$3,286$2,154$1,370$852$519$218
38 years$3,164$2,047$1,283$785$471$192
39 years$3,049$1,946$1,202$724$427$169
40 years$2,939$1,852$1,127$667$387$149
41 years$2,836$1,763$1,057$616$351$131
42 years$2,737$1,679$991$568$319$116
43 years$2,644$1,599$930$525$289$102
44 years$2,555$1,525$873$484$263$90
45 years$2,470$1,454$820$447$238$79
46 years$2,389$1,387$770$413$217$70
47 years$2,311$1,324$723$382$197$62
48 years$2,237$1,264$680$353$179$54
49 years$2,167$1,207$639$326$162$48
50 years$2,099$1,153$601$301$147$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,150,000, adding $2,337 every year, while hoping to spend $22,324 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: 81/12/7 Blend
72$2,150,000$2,150,000$2,150,000$2,150,000
73$2,371,711$2,257,761$2,224,436$2,561,951
74$2,589,873$2,344,638$2,275,202$2,773,672
75$2,829,539$2,435,025$2,326,920$3,002,791
76$3,092,879$2,529,069$2,379,599$3,253,573
77$3,382,284$2,626,924$2,433,247$3,528,173
78$3,700,387$2,728,754$2,487,871$3,828,963
79$4,050,090$2,834,726$2,543,478$4,158,554
80$4,434,589$2,945,017$2,600,074$4,519,823
81$4,857,405$3,059,811$2,657,665$4,915,936
82$5,322,419$3,179,300$2,716,255$5,350,381
83$5,833,905$3,303,686$2,775,850$5,827,000
84$6,396,574$3,433,177$2,836,451$6,350,024
85$7,015,615$3,567,993$2,898,063$6,924,113
86$7,696,746$3,708,363$2,960,686$7,554,400
87$8,446,267$3,854,525$3,024,321$8,246,538
88$9,271,118$4,006,729$3,088,968$9,006,755
89$10,178,950$4,165,236$3,154,626$9,841,912
90$11,178,189$4,330,319$3,221,293$10,759,564
91$12,278,122$4,502,262$3,288,963$11,768,038
92$13,488,980$4,681,363$3,357,633$12,876,502
93$14,822,038$4,867,931$3,427,296$14,095,060
94$16,289,719$5,062,293$3,497,944$15,434,841
95$17,905,712$5,264,788$3,569,567$16,908,107
96$19,685,102$5,475,769$3,642,154$18,528,366
97$21,644,509$5,695,609$3,715,693$20,310,500
98$23,802,249$5,924,693$3,790,168$22,270,906
99$26,178,503$6,163,428$3,865,564$24,427,647
100$28,795,510$6,412,236$3,941,860$26,800,627