Can I retire at age 73 with 2,220,000?

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$183,326$181,693$180,099$178,544$177,026$175,250
2 years$90,755$89,065$87,427$85,839$84,298$82,509
3 years$59,902$58,205$56,571$54,998$53,482$51,736
4 years$44,479$42,787$41,169$39,623$38,144$36,454
5 years$35,228$33,545$31,949$30,434$28,996$27,368
6 years$29,062$27,392$25,820$24,338$22,944$21,378
7 years$24,659$23,004$21,456$20,010$18,660$17,158
8 years$21,359$19,719$18,197$16,786$15,480$14,042
9 years$18,794$17,169$15,673$14,298$13,036$11,661
10 years$16,742$15,133$13,664$12,325$11,108$9,795
11 years$15,065$13,472$12,029$10,726$9,553$8,302
12 years$13,669$12,092$10,676$9,408$8,278$7,087
13 years$12,488$10,928$9,538$8,306$7,219$6,086
14 years$11,477$9,933$8,570$7,373$6,328$5,253
15 years$10,601$9,074$7,738$6,576$5,572$4,552
16 years$9,835$8,325$7,015$5,888$4,924$3,958
17 years$9,161$7,667$6,384$5,290$4,366$3,452
18 years$8,562$7,085$5,827$4,768$3,882$3,018
19 years$8,026$6,566$5,335$4,308$3,460$2,645
20 years$7,545$6,102$4,896$3,902$3,091$2,322
21 years$7,110$5,683$4,503$3,541$2,766$2,042
22 years$6,715$5,305$4,150$3,220$2,479$1,798
23 years$6,356$4,962$3,832$2,932$2,226$1,585
24 years$6,026$4,649$3,544$2,674$2,000$1,399
25 years$5,724$4,363$3,283$2,442$1,800$1,236
26 years$5,445$4,100$3,044$2,233$1,621$1,093
27 years$5,187$3,859$2,827$2,044$1,462$967
28 years$4,948$3,636$2,628$1,873$1,319$856
29 years$4,726$3,430$2,446$1,717$1,191$758
30 years$4,519$3,240$2,278$1,576$1,076$672
31 years$4,326$3,062$2,124$1,448$973$596
32 years$4,145$2,898$1,982$1,330$880$528
33 years$3,976$2,744$1,850$1,223$797$469
34 years$3,817$2,601$1,729$1,126$721$416
35 years$3,667$2,467$1,616$1,036$653$369
36 years$3,526$2,341$1,512$954$592$328
37 years$3,393$2,224$1,415$879$536$291
38 years$3,267$2,113$1,325$810$486$259
39 years$3,148$2,010$1,242$747$441$230
40 years$3,035$1,912$1,164$689$400$204
41 years$2,928$1,820$1,091$636$363$182
42 years$2,826$1,733$1,024$587$329$161
43 years$2,730$1,652$960$542$299$144
44 years$2,638$1,574$902$500$271$128
45 years$2,550$1,501$847$462$246$113
46 years$2,466$1,432$795$427$224$101
47 years$2,387$1,367$747$394$203$90
48 years$2,310$1,305$702$364$184$80
49 years$2,237$1,246$660$337$167$71
50 years$2,167$1,190$620$311$152$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,220,000, adding $5,512 every year, while hoping to spend $32,154 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: 39/33/28 Blend
72$2,220,000$2,220,000$2,220,000$2,220,000
73$2,452,126$2,334,466$2,300,056$2,527,215
74$2,668,031$2,414,643$2,342,896$2,662,765
75$2,904,881$2,497,671$2,386,094$2,805,872
76$3,164,778$2,583,656$2,429,627$2,960,006
77$3,450,037$2,672,708$2,473,472$3,126,195
78$3,763,211$2,764,940$2,517,603$3,305,566
79$4,107,108$2,860,472$2,561,992$3,499,362
80$4,484,825$2,959,426$2,606,610$3,708,946
81$4,899,770$3,061,931$2,651,425$3,935,818
82$5,355,701$3,168,120$2,696,402$4,181,631
83$5,856,755$3,278,131$2,741,505$4,448,198
84$6,407,493$3,392,108$2,786,694$4,737,520
85$7,012,936$3,510,201$2,831,927$5,051,793
86$7,678,619$3,632,564$2,877,159$5,393,436
87$8,410,637$3,759,359$2,922,344$5,765,114
88$9,215,709$3,890,754$2,967,429$6,169,755
89$10,101,235$4,026,924$3,012,361$6,610,585
90$11,075,368$4,168,051$3,057,082$7,091,155
91$12,147,092$4,314,322$3,101,532$7,615,374
92$13,326,307$4,465,935$3,145,644$8,187,546
93$14,623,918$4,623,094$3,189,351$8,812,408
94$16,051,943$4,786,011$3,232,580$9,495,177
95$17,623,623$4,954,907$3,275,252$10,241,600
96$19,353,547$5,130,011$3,317,288$11,058,002
97$21,257,791$5,311,564$3,358,599$11,951,350
98$23,354,068$5,499,814$3,399,095$12,929,317
99$25,661,898$5,695,019$3,438,679$14,000,353
100$28,202,786$5,897,450$3,477,250$15,173,766