Can I retire at age 73 with 2,190,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$180,848$179,237$177,666$176,132$174,634$170,067
2 years$89,529$87,861$86,245$84,679$83,159$78,589
3 years$59,093$57,418$55,807$54,254$52,759$48,330
4 years$43,878$42,209$40,613$39,087$37,628$33,373
5 years$34,751$33,092$31,517$30,023$28,605$24,535
6 years$28,669$27,022$25,471$24,009$22,634$18,754
7 years$24,326$22,693$21,166$19,739$18,407$14,717
8 years$21,071$19,452$17,951$16,559$15,271$11,769
9 years$18,540$16,937$15,461$14,105$12,860$9,543
10 years$16,516$14,929$13,479$12,158$10,957$7,822
11 years$14,862$13,290$11,867$10,581$9,424$6,464
12 years$13,484$11,929$10,531$9,281$8,166$5,378
13 years$12,319$10,780$9,409$8,194$7,121$4,498
14 years$11,321$9,799$8,454$7,274$6,242$3,778
15 years$10,458$8,951$7,633$6,487$5,496$3,185
16 years$9,703$8,213$6,920$5,808$4,858$2,693
17 years$9,037$7,564$6,297$5,219$4,307$2,283
18 years$8,446$6,989$5,749$4,703$3,830$1,939
19 years$7,918$6,477$5,263$4,250$3,414$1,649
20 years$7,443$6,019$4,830$3,849$3,049$1,405
21 years$7,014$5,607$4,442$3,493$2,729$1,199
22 years$6,625$5,234$4,094$3,176$2,446$1,024
23 years$6,270$4,895$3,780$2,892$2,195$875
24 years$5,945$4,586$3,496$2,638$1,973$748
25 years$5,646$4,304$3,238$2,409$1,776$640
26 years$5,371$4,045$3,003$2,203$1,599$548
27 years$5,117$3,807$2,789$2,016$1,442$470
28 years$4,881$3,587$2,593$1,847$1,301$403
29 years$4,662$3,384$2,413$1,694$1,175$345
30 years$4,458$3,196$2,247$1,555$1,062$296
31 years$4,267$3,021$2,095$1,428$960$254
32 years$4,089$2,859$1,955$1,312$868$218
33 years$3,922$2,707$1,825$1,207$786$187
34 years$3,765$2,566$1,705$1,110$711$161
35 years$3,617$2,434$1,594$1,022$644$138
36 years$3,478$2,310$1,491$941$584$118
37 years$3,347$2,194$1,396$867$529$102
38 years$3,223$2,085$1,307$799$480$87
39 years$3,105$1,983$1,225$737$435$75
40 years$2,994$1,886$1,148$680$395$64
41 years$2,888$1,795$1,076$627$358$55
42 years$2,788$1,710$1,010$579$325$47
43 years$2,693$1,629$948$534$295$41
44 years$2,602$1,553$889$493$268$35
45 years$2,516$1,481$835$456$243$30
46 years$2,433$1,413$784$421$221$26
47 years$2,354$1,348$737$389$200$22
48 years$2,279$1,287$692$359$182$19
49 years$2,207$1,229$651$332$165$16
50 years$2,138$1,174$612$307$150$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,190,000, adding $5,529 every year, while hoping to spend $36,199 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: 33/43/24 Blend
72$2,190,000$2,190,000$2,190,000$2,190,000
73$2,419,083$2,303,013$2,269,068$2,481,006
74$2,627,314$2,377,345$2,306,566$2,602,337
75$2,855,572$2,454,107$2,344,108$2,729,357
76$3,105,860$2,533,378$2,381,655$2,865,526
77$3,380,386$2,615,242$2,419,170$3,011,673
78$3,681,583$2,699,786$2,456,609$3,168,712
79$4,012,129$2,787,100$2,493,930$3,337,645
80$4,374,973$2,877,275$2,531,084$3,519,577
81$4,773,366$2,970,407$2,568,021$3,715,720
82$5,210,888$3,066,596$2,604,688$3,927,406
83$5,691,482$3,165,943$2,641,028$4,156,103
84$6,219,493$3,268,553$2,676,983$4,403,423
85$6,799,706$3,374,538$2,712,487$4,671,140
86$7,437,395$3,484,009$2,747,474$4,961,206
87$8,138,368$3,597,084$2,781,873$5,275,769
88$8,909,024$3,713,884$2,815,608$5,617,193
89$9,756,415$3,834,534$2,848,601$5,988,078
90$10,688,307$3,959,164$2,880,767$6,391,286
91$11,713,260$4,087,909$2,912,018$6,829,970
92$12,840,702$4,220,906$2,942,261$7,307,597
93$14,081,023$4,358,300$2,971,396$7,827,986
94$15,445,670$4,500,239$2,999,320$8,395,342
95$16,947,255$4,646,877$3,025,924$9,014,293
96$18,599,674$4,798,373$3,051,092$9,689,936
97$20,418,240$4,954,893$3,074,702$10,427,884
98$22,419,824$5,116,606$3,096,628$11,234,317
99$24,623,015$5,283,689$3,116,734$12,116,043
100$27,048,297$5,456,324$3,134,880$13,080,558