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%15%
1 years$177,545$175,964$174,421$172,915$171,444$167,914
2 years$87,894$86,257$84,670$83,132$81,640$78,099
3 years$58,014$56,370$54,787$53,263$51,796$48,355
4 years$43,077$41,438$39,871$38,373$36,941$33,627
5 years$34,117$32,488$30,942$29,474$28,082$24,904
6 years$28,145$26,529$25,005$23,571$22,220$19,182
7 years$23,882$22,279$20,780$19,379$18,071$15,173
8 years$20,686$19,097$17,623$16,257$14,992$12,233
9 years$18,201$16,627$15,178$13,847$12,625$10,003
10 years$16,215$14,656$13,233$11,936$10,757$8,270
11 years$14,590$13,048$11,650$10,388$9,252$6,896
12 years$13,238$11,711$10,339$9,112$8,017$5,790
13 years$12,094$10,583$9,237$8,044$6,991$4,888
14 years$11,115$9,620$8,300$7,141$6,128$4,146
15 years$10,267$8,788$7,494$6,368$5,396$3,529
16 years$9,525$8,063$6,794$5,702$4,769$3,014
17 years$8,872$7,425$6,182$5,123$4,229$2,580
18 years$8,292$6,861$5,644$4,617$3,760$2,214
19 years$7,773$6,359$5,166$4,172$3,351$1,904
20 years$7,307$5,909$4,742$3,779$2,993$1,639
21 years$6,886$5,504$4,361$3,429$2,679$1,413
22 years$6,504$5,138$4,020$3,118$2,401$1,220
23 years$6,155$4,805$3,711$2,840$2,155$1,054
24 years$5,836$4,502$3,432$2,590$1,937$912
25 years$5,543$4,225$3,179$2,365$1,743$789
26 years$5,273$3,971$2,948$2,163$1,570$683
27 years$5,023$3,737$2,738$1,980$1,416$592
28 years$4,792$3,522$2,545$1,814$1,277$513
29 years$4,577$3,322$2,369$1,663$1,153$445
30 years$4,376$3,137$2,206$1,526$1,042$386
31 years$4,189$2,966$2,057$1,402$942$335
32 years$4,014$2,806$1,919$1,288$852$291
33 years$3,850$2,658$1,792$1,185$771$253
34 years$3,696$2,519$1,674$1,090$698$219
35 years$3,551$2,389$1,565$1,003$633$191
36 years$3,415$2,268$1,464$924$573$166
37 years$3,286$2,154$1,370$852$519$144
38 years$3,164$2,047$1,283$785$471$125
39 years$3,049$1,946$1,202$724$427$109
40 years$2,939$1,852$1,127$667$387$94
41 years$2,836$1,763$1,057$616$351$82
42 years$2,737$1,679$991$568$319$71
43 years$2,644$1,599$930$525$289$62
44 years$2,555$1,525$873$484$263$54
45 years$2,470$1,454$820$447$238$47
46 years$2,389$1,387$770$413$217$41
47 years$2,311$1,324$723$382$197$35
48 years$2,237$1,264$680$353$179$31
49 years$2,167$1,207$639$326$162$27
50 years$2,099$1,153$601$301$147$23

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 $4,064 every year, while hoping to spend $39,145 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: 70/22/8 Blend
72$2,150,000$2,150,000$2,150,000$2,150,000
73$2,373,492$2,259,542$2,226,217$2,536,077
74$2,573,938$2,328,610$2,259,145$2,713,253
75$2,793,518$2,399,750$2,291,865$2,901,871
76$3,034,142$2,473,022$2,324,327$3,107,197
77$3,297,913$2,548,489$2,356,481$3,330,863
78$3,587,149$2,626,214$2,388,272$3,574,668
79$3,904,402$2,706,262$2,419,642$3,840,590
80$4,252,482$2,788,700$2,450,532$4,130,808
81$4,634,487$2,873,598$2,480,876$4,447,722
82$5,053,826$2,961,025$2,510,607$4,793,973
83$5,514,256$3,051,056$2,539,652$5,172,470
84$6,019,915$3,143,763$2,567,936$5,586,417
85$6,575,363$3,239,223$2,595,378$6,039,340
86$7,185,621$3,337,516$2,621,894$6,535,126
87$7,856,222$3,438,722$2,647,395$7,078,054
88$8,593,260$3,542,923$2,671,787$7,672,836
89$9,403,451$3,650,205$2,694,970$8,324,665
90$10,294,193$3,760,655$2,716,841$9,039,258
91$11,273,635$3,874,362$2,737,290$9,822,915
92$12,350,758$3,991,417$2,756,201$10,682,573
93$13,535,454$4,111,916$2,773,453$11,625,878
94$14,838,624$4,235,953$2,788,917$12,661,248
95$16,272,278$4,363,629$2,802,460$13,797,961
96$17,849,649$4,495,045$2,813,941$15,046,235
97$19,585,315$4,630,305$2,823,210$16,417,330
98$21,495,342$4,769,515$2,830,113$17,923,649
99$23,597,430$4,912,784$2,834,485$19,578,860
100$25,911,083$5,060,225$2,836,154$21,398,017