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

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$180,848$179,237$177,666$176,132$174,634$172,523
2 years$89,529$87,861$86,245$84,679$83,159$81,035
3 years$59,093$57,418$55,807$54,254$52,759$50,688
4 years$43,878$42,209$40,613$39,087$37,628$35,625
5 years$34,751$33,092$31,517$30,023$28,605$26,676
6 years$28,669$27,022$25,471$24,009$22,634$20,782
7 years$24,326$22,693$21,166$19,739$18,407$16,633
8 years$21,071$19,452$17,951$16,559$15,271$13,573
9 years$18,540$16,937$15,461$14,105$12,860$11,239
10 years$16,516$14,929$13,479$12,158$10,957$9,412
11 years$14,862$13,290$11,867$10,581$9,424$7,952
12 years$13,484$11,929$10,531$9,281$8,166$6,767
13 years$12,319$10,780$9,409$8,194$7,121$5,793
14 years$11,321$9,799$8,454$7,274$6,242$4,983
15 years$10,458$8,951$7,633$6,487$5,496$4,303
16 years$9,703$8,213$6,920$5,808$4,858$3,729
17 years$9,037$7,564$6,297$5,219$4,307$3,241
18 years$8,446$6,989$5,749$4,703$3,830$2,824
19 years$7,918$6,477$5,263$4,250$3,414$2,465
20 years$7,443$6,019$4,830$3,849$3,049$2,156
21 years$7,014$5,607$4,442$3,493$2,729$1,889
22 years$6,625$5,234$4,094$3,176$2,446$1,657
23 years$6,270$4,895$3,780$2,892$2,195$1,455
24 years$5,945$4,586$3,496$2,638$1,973$1,280
25 years$5,646$4,304$3,238$2,409$1,776$1,126
26 years$5,371$4,045$3,003$2,203$1,599$992
27 years$5,117$3,807$2,789$2,016$1,442$874
28 years$4,881$3,587$2,593$1,847$1,301$771
29 years$4,662$3,384$2,413$1,694$1,175$680
30 years$4,458$3,196$2,247$1,555$1,062$600
31 years$4,267$3,021$2,095$1,428$960$530
32 years$4,089$2,859$1,955$1,312$868$468
33 years$3,922$2,707$1,825$1,207$786$414
34 years$3,765$2,566$1,705$1,110$711$366
35 years$3,617$2,434$1,594$1,022$644$323
36 years$3,478$2,310$1,491$941$584$286
37 years$3,347$2,194$1,396$867$529$253
38 years$3,223$2,085$1,307$799$480$224
39 years$3,105$1,983$1,225$737$435$198
40 years$2,994$1,886$1,148$680$395$175
41 years$2,888$1,795$1,076$627$358$155
42 years$2,788$1,710$1,010$579$325$137
43 years$2,693$1,629$948$534$295$121
44 years$2,602$1,553$889$493$268$107
45 years$2,516$1,481$835$456$243$95
46 years$2,433$1,413$784$421$221$84
47 years$2,354$1,348$737$389$200$75
48 years$2,279$1,287$692$359$182$66
49 years$2,207$1,229$651$332$165$58
50 years$2,138$1,174$612$307$150$52

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 $4,503 every year, while hoping to spend $37,023 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: 70/10/20 Blend
72$2,190,000$2,190,000$2,190,000$2,190,000
73$2,418,025$2,301,955$2,268,010$2,575,152
74$2,625,271$2,375,358$2,304,596$2,753,939
75$2,852,416$2,451,118$2,341,167$2,944,768
76$3,101,449$2,529,310$2,377,683$3,152,728
77$3,374,564$2,610,013$2,414,102$3,379,512
78$3,674,174$2,693,308$2,450,380$3,626,981
79$4,002,940$2,779,281$2,486,467$3,897,185
80$4,363,791$2,868,016$2,522,315$4,192,384
81$4,759,955$2,959,606$2,557,869$4,515,065
82$5,194,985$3,054,141$2,593,073$4,867,969
83$5,672,798$3,151,719$2,627,865$5,254,113
84$6,197,707$3,252,437$2,662,183$5,676,824
85$6,774,465$3,356,399$2,695,958$6,139,762
86$7,408,308$3,463,709$2,729,119$6,646,964
87$8,105,001$3,574,477$2,761,591$7,202,875
88$8,870,901$3,688,816$2,793,294$7,812,391
89$9,713,007$3,806,842$2,824,143$8,480,908
90$10,639,031$3,928,675$2,854,050$9,214,369
91$11,657,473$4,054,440$2,882,921$10,019,324
92$12,777,692$4,184,265$2,910,656$10,902,988
93$14,010,006$4,318,283$2,937,152$11,873,310
94$15,365,779$4,456,631$2,962,299$12,939,049
95$16,857,533$4,599,451$2,985,981$14,109,857
96$18,499,066$4,746,889$3,008,076$15,396,366
97$20,305,581$4,899,096$3,028,456$16,810,295
98$22,293,828$5,056,230$3,046,987$18,364,552
99$24,482,264$5,218,451$3,063,527$20,073,364
100$26,891,226$5,385,926$3,077,926$21,952,406