Can I retire at age 73 with 2,170,000?

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$179,197$177,600$176,043$174,523$173,039$172,310
2 years$88,711$87,059$85,458$83,905$82,399$81,663
3 years$58,553$56,894$55,297$53,759$52,278$51,557
4 years$43,477$41,823$40,242$38,730$37,285$36,586
5 years$34,434$32,790$31,229$29,749$28,343$27,668
6 years$28,407$26,775$25,238$23,790$22,427$21,776
7 years$24,104$22,486$20,973$19,559$18,239$17,613
8 years$20,878$19,275$17,787$16,408$15,131$14,529
9 years$18,370$16,782$15,320$13,976$12,743$12,165
10 years$16,365$14,793$13,356$12,047$10,857$10,304
11 years$14,726$13,169$11,758$10,485$9,338$8,809
12 years$13,361$11,820$10,435$9,196$8,092$7,586
13 years$12,207$10,682$9,323$8,119$7,056$6,574
14 years$11,218$9,709$8,377$7,207$6,185$5,726
15 years$10,362$8,870$7,563$6,428$5,446$5,008
16 years$9,614$8,138$6,857$5,755$4,813$4,397
17 years$8,954$7,494$6,240$5,171$4,268$3,872
18 years$8,369$6,925$5,696$4,660$3,795$3,419
19 years$7,846$6,418$5,215$4,211$3,382$3,026
20 years$7,375$5,964$4,786$3,814$3,021$2,684
21 years$6,950$5,555$4,402$3,461$2,704$2,384
22 years$6,564$5,186$4,057$3,147$2,423$2,122
23 years$6,212$4,850$3,746$2,866$2,175$1,890
24 years$5,890$4,544$3,464$2,614$1,955$1,686
25 years$5,595$4,265$3,209$2,387$1,759$1,506
26 years$5,322$4,008$2,976$2,183$1,585$1,346
27 years$5,070$3,772$2,763$1,998$1,429$1,204
28 years$4,836$3,554$2,569$1,831$1,289$1,078
29 years$4,619$3,353$2,391$1,679$1,164$966
30 years$4,417$3,167$2,227$1,541$1,052$866
31 years$4,228$2,994$2,076$1,415$951$776
32 years$4,052$2,832$1,937$1,300$860$697
33 years$3,886$2,682$1,808$1,196$779$625
34 years$3,731$2,542$1,690$1,100$705$562
35 years$3,584$2,411$1,580$1,013$638$504
36 years$3,446$2,289$1,478$933$578$453
37 years$3,316$2,174$1,383$859$524$407
38 years$3,193$2,066$1,295$792$475$366
39 years$3,077$1,964$1,214$730$431$329
40 years$2,967$1,869$1,138$674$391$296
41 years$2,862$1,779$1,067$622$355$266
42 years$2,763$1,694$1,001$574$322$240
43 years$2,668$1,614$939$530$292$216
44 years$2,578$1,539$881$489$265$194
45 years$2,493$1,467$827$452$241$175
46 years$2,411$1,400$777$417$219$157
47 years$2,333$1,336$730$385$198$141
48 years$2,258$1,275$686$356$180$127
49 years$2,187$1,218$645$329$164$115
50 years$2,119$1,163$606$304$149$103

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,170,000, adding $2,990 every year, while hoping to spend $36,686 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: 41/45/14 Blend
72$2,170,000$2,170,000$2,170,000$2,170,000
73$2,394,424$2,279,414$2,245,779$2,482,577
74$2,599,622$2,352,072$2,281,979$2,617,712
75$2,824,520$2,427,060$2,318,162$2,760,044
76$3,071,090$2,504,455$2,354,289$2,913,297
77$3,341,501$2,584,333$2,390,318$3,078,484
78$3,638,145$2,666,776$2,426,205$3,256,716
79$3,963,655$2,751,867$2,461,901$3,449,215
80$4,320,931$2,839,692$2,497,358$3,657,326
81$4,713,168$2,930,339$2,532,522$3,882,525
82$5,143,885$3,023,900$2,567,336$4,126,440
83$5,616,960$3,120,469$2,601,740$4,390,856
84$6,136,663$3,220,146$2,635,671$4,677,741
85$6,707,699$3,323,029$2,669,063$4,989,259
86$7,335,251$3,429,225$2,701,843$5,327,791
87$8,025,030$3,538,840$2,733,938$5,695,957
88$8,783,326$3,651,986$2,765,268$6,096,640
89$9,617,070$3,768,778$2,795,749$6,533,014
90$10,533,898$3,889,335$2,825,294$7,008,574
91$11,542,223$4,013,780$2,853,809$7,527,163
92$12,651,314$4,142,239$2,881,195$8,093,018
93$13,871,383$4,274,844$2,907,351$8,710,797
94$15,213,683$4,411,730$2,932,166$9,385,635
95$16,690,611$4,553,038$2,955,526$10,123,182
96$18,315,828$4,698,911$2,977,311$10,929,660
97$20,104,384$4,849,499$2,997,392$11,811,923
98$22,072,864$5,004,957$3,015,637$12,777,517
99$24,239,540$5,165,444$3,031,905$13,834,754
100$26,624,548$5,331,125$3,046,048$14,992,787