Can I retire at age 73 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$180,022$178,419$176,854$175,327$173,836$171,949
2 years$89,120$87,460$85,852$84,292$82,779$80,879
3 years$58,823$57,156$55,552$54,007$52,519$50,665
4 years$43,678$42,016$40,427$38,909$37,457$35,663
5 years$34,593$32,941$31,373$29,886$28,474$26,746
6 years$28,538$26,899$25,354$23,900$22,530$20,870
7 years$24,215$22,590$21,070$19,649$18,323$16,731
8 years$20,974$19,363$17,869$16,483$15,201$13,677
9 years$18,455$16,859$15,390$14,040$12,801$11,345
10 years$16,441$14,861$13,418$12,103$10,907$9,518
11 years$14,794$13,230$11,813$10,533$9,381$8,057
12 years$13,422$11,874$10,483$9,239$8,129$6,869
13 years$12,263$10,731$9,366$8,157$7,089$5,892
14 years$11,270$9,754$8,416$7,240$6,214$5,078
15 years$10,410$8,910$7,598$6,457$5,471$4,394
16 years$9,658$8,175$6,889$5,782$4,836$3,816
17 years$8,996$7,529$6,269$5,195$4,288$3,324
18 years$8,407$6,957$5,722$4,682$3,812$2,902
19 years$7,882$6,448$5,239$4,230$3,398$2,539
20 years$7,409$5,992$4,808$3,831$3,035$2,226
21 years$6,982$5,581$4,422$3,477$2,716$1,954
22 years$6,594$5,210$4,076$3,162$2,435$1,718
23 years$6,241$4,872$3,763$2,879$2,185$1,512
24 years$5,918$4,565$3,480$2,626$1,964$1,333
25 years$5,620$4,284$3,223$2,398$1,768$1,176
26 years$5,347$4,026$2,990$2,193$1,592$1,038
27 years$5,093$3,789$2,776$2,007$1,435$917
28 years$4,859$3,571$2,581$1,839$1,295$810
29 years$4,641$3,369$2,402$1,686$1,170$717
30 years$4,438$3,181$2,237$1,548$1,057$634
31 years$4,248$3,007$2,086$1,421$955$561
32 years$4,070$2,846$1,946$1,306$864$497
33 years$3,904$2,695$1,817$1,201$782$440
34 years$3,748$2,554$1,698$1,105$708$390
35 years$3,601$2,422$1,587$1,017$641$346
36 years$3,462$2,299$1,485$937$581$307
37 years$3,332$2,184$1,390$863$527$272
38 years$3,208$2,075$1,301$796$478$241
39 years$3,091$1,973$1,219$734$433$214
40 years$2,980$1,878$1,143$677$393$190
41 years$2,875$1,787$1,072$624$356$168
42 years$2,775$1,702$1,005$576$323$149
43 years$2,681$1,622$943$532$293$133
44 years$2,590$1,546$885$491$266$118
45 years$2,504$1,474$831$454$242$104
46 years$2,422$1,406$781$419$220$93
47 years$2,344$1,342$734$387$199$82
48 years$2,269$1,281$689$358$181$73
49 years$2,197$1,223$648$331$164$65
50 years$2,128$1,169$609$306$149$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,180,000, adding $5,274 every year, while hoping to spend $34,414 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: 88/6/6 Blend
72$2,180,000$2,180,000$2,180,000$2,180,000
73$2,407,800$2,292,260$2,258,470$2,618,796
74$2,616,780$2,367,965$2,297,513$2,832,624
75$2,845,921$2,446,225$2,336,710$3,062,303
76$3,097,246$2,527,131$2,376,030$3,313,670
77$3,372,978$2,610,774$2,415,440$3,588,889
78$3,675,570$2,697,249$2,454,905$3,890,340
79$4,007,720$2,786,656$2,494,386$4,220,645
80$4,372,402$2,879,097$2,533,843$4,582,692
81$4,772,893$2,974,679$2,573,232$4,979,661
82$5,212,800$3,073,510$2,612,508$5,415,058
83$5,696,100$3,175,707$2,651,622$5,892,740
84$6,227,172$3,281,386$2,690,520$6,416,960
85$6,810,840$3,390,670$2,729,149$6,992,401
86$7,452,420$3,503,687$2,767,450$7,624,222
87$8,157,768$3,620,569$2,805,361$8,318,106
88$8,933,334$3,741,452$2,842,815$9,080,314
89$9,786,229$3,866,477$2,879,744$9,917,744
90$10,724,282$3,995,792$2,916,072$10,837,996
91$11,756,121$4,129,549$2,951,724$11,849,442
92$12,891,255$4,267,905$2,986,616$12,961,306
93$14,140,156$4,411,026$3,020,660$14,183,750
94$15,514,366$4,559,080$3,053,766$15,527,972
95$17,026,600$4,712,244$3,085,837$17,006,309
96$18,690,870$4,870,701$3,116,769$18,632,352
97$20,522,614$5,034,640$3,146,456$20,421,079
98$22,538,842$5,204,259$3,174,783$22,388,992
99$24,758,297$5,379,761$3,201,632$24,554,271
100$27,201,632$5,561,358$3,226,875$26,936,952