Can I retire at age 73 with 2,240,000?

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 $2,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$184,977$183,329$181,722$180,153$178,621$177,346
2 years$91,573$89,867$88,215$86,612$85,057$83,773
3 years$60,442$58,729$57,081$55,493$53,964$52,708
4 years$44,880$43,172$41,540$39,980$38,488$37,271
5 years$35,545$33,848$32,237$30,708$29,258$28,083
6 years$29,324$27,639$26,052$24,558$23,151$22,020
7 years$24,882$23,211$21,649$20,190$18,828$17,741
8 years$21,552$19,896$18,360$16,937$15,619$14,577
9 years$18,963$17,323$15,814$14,427$13,154$12,156
10 years$16,893$15,270$13,787$12,436$11,208$10,254
11 years$15,201$13,594$12,138$10,823$9,639$8,728
12 years$13,792$12,201$10,772$9,493$8,353$7,484
13 years$12,600$11,026$9,624$8,381$7,284$6,456
14 years$11,580$10,022$8,647$7,440$6,385$5,597
15 years$10,696$9,156$7,807$6,635$5,622$4,873
16 years$9,924$8,400$7,078$5,941$4,969$4,258
17 years$9,243$7,736$6,441$5,338$4,406$3,732
18 years$8,639$7,149$5,880$4,810$3,917$3,279
19 years$8,099$6,625$5,383$4,347$3,491$2,888
20 years$7,613$6,157$4,940$3,937$3,119$2,548
21 years$7,174$5,735$4,544$3,573$2,791$2,252
22 years$6,776$5,353$4,188$3,249$2,502$1,994
23 years$6,413$5,007$3,867$2,959$2,246$1,767
24 years$6,080$4,691$3,576$2,698$2,018$1,568
25 years$5,775$4,402$3,312$2,464$1,816$1,393
26 years$5,494$4,137$3,072$2,253$1,636$1,238
27 years$5,234$3,894$2,853$2,062$1,475$1,102
28 years$4,992$3,669$2,652$1,890$1,331$981
29 years$4,768$3,461$2,468$1,733$1,202$874
30 years$4,560$3,269$2,299$1,590$1,086$779
31 years$4,365$3,090$2,143$1,461$982$694
32 years$4,182$2,924$1,999$1,342$888$620
33 years$4,012$2,769$1,867$1,234$804$553
34 years$3,851$2,624$1,744$1,136$728$494
35 years$3,700$2,489$1,631$1,045$659$441
36 years$3,558$2,363$1,526$963$597$394
37 years$3,423$2,244$1,428$887$541$352
38 years$3,296$2,132$1,337$818$491$314
39 years$3,176$2,028$1,253$754$445$281
40 years$3,062$1,929$1,174$695$404$251
41 years$2,954$1,836$1,101$642$366$225
42 years$2,852$1,749$1,033$592$332$201
43 years$2,754$1,666$969$547$302$180
44 years$2,661$1,588$910$505$274$161
45 years$2,573$1,515$854$466$248$144
46 years$2,489$1,445$802$431$226$129
47 years$2,408$1,379$754$398$205$115
48 years$2,331$1,316$708$368$186$103
49 years$2,257$1,257$666$340$169$92
50 years$2,187$1,201$626$314$153$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,240,000, adding $2,438 every year, while hoping to spend $38,466 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: 75/17/8 Blend
72$2,240,000$2,240,000$2,240,000$2,240,000
73$2,470,995$2,352,275$2,317,555$2,653,154
74$2,682,109$2,426,609$2,354,265$2,847,732
75$2,913,467$2,503,296$2,390,917$3,055,769
76$3,167,094$2,582,411$2,427,466$3,282,638
77$3,445,219$2,664,031$2,463,867$3,530,194
78$3,750,299$2,748,235$2,500,074$3,800,475
79$4,085,036$2,835,106$2,536,034$4,095,729
80$4,452,412$2,924,728$2,571,693$4,418,427
81$4,855,707$3,017,188$2,606,993$4,771,293
82$5,298,536$3,112,578$2,641,875$5,157,326
83$5,784,882$3,210,989$2,676,272$5,579,829
84$6,319,130$3,312,518$2,710,118$6,042,439
85$6,906,114$3,417,264$2,743,339$6,549,161
86$7,551,157$3,525,329$2,775,860$7,104,407
87$8,260,123$3,636,819$2,807,600$7,713,038
88$9,039,475$3,751,842$2,838,474$8,380,406
89$9,896,331$3,870,511$2,868,392$9,112,407
90$10,838,533$3,992,942$2,897,259$9,915,537
91$11,874,722$4,119,255$2,924,976$10,796,949
92$13,014,418$4,249,573$2,951,437$11,764,527
93$14,268,109$4,384,023$2,976,532$12,826,951
94$15,647,354$4,522,738$3,000,143$13,993,789
95$17,164,884$4,665,852$3,022,148$15,275,579
96$18,834,730$4,813,506$3,042,417$16,683,930
97$20,672,349$4,965,845$3,060,815$18,231,633
98$22,694,774$5,123,017$3,077,198$19,932,780
99$24,920,773$5,285,176$3,091,416$21,802,899
100$27,371,024$5,452,482$3,103,310$23,859,096