Can I retire at age 73 with 2,250,000?

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$185,803$184,148$182,533$180,957$179,418$178,362
2 years$91,982$90,269$88,608$86,999$85,437$84,372
3 years$60,712$58,991$57,335$55,741$54,205$53,163
4 years$45,080$43,365$41,726$40,158$38,659$37,649
5 years$35,704$33,999$32,381$30,845$29,388$28,413
6 years$29,455$27,762$26,168$24,667$23,254$22,314
7 years$24,993$23,315$21,746$20,280$18,912$18,008
8 years$21,648$19,985$18,442$17,013$15,689$14,822
9 years$19,048$17,401$15,884$14,491$13,212$12,382
10 years$16,969$15,338$13,848$12,491$11,258$10,463
11 years$15,269$13,654$12,192$10,871$9,682$8,922
12 years$13,853$12,255$10,820$9,536$8,390$7,665
13 years$12,657$11,075$9,667$8,418$7,316$6,625
14 years$11,632$10,067$8,686$7,473$6,414$5,755
15 years$10,744$9,197$7,842$6,665$5,647$5,021
16 years$9,968$8,438$7,110$5,967$4,991$4,396
17 years$9,285$7,771$6,470$5,362$4,425$3,861
18 years$8,677$7,181$5,906$4,832$3,935$3,400
19 years$8,135$6,655$5,407$4,366$3,507$3,000
20 years$7,647$6,184$4,962$3,954$3,133$2,653
21 years$7,206$5,760$4,564$3,589$2,803$2,350
22 years$6,806$5,377$4,207$3,263$2,513$2,085
23 years$6,441$5,029$3,884$2,972$2,256$1,852
24 years$6,108$4,712$3,592$2,710$2,027$1,647
25 years$5,801$4,422$3,327$2,475$1,824$1,467
26 years$5,518$4,156$3,086$2,263$1,643$1,307
27 years$5,257$3,911$2,865$2,072$1,482$1,166
28 years$5,015$3,685$2,664$1,898$1,337$1,040
29 years$4,790$3,477$2,479$1,741$1,207$929
30 years$4,580$3,283$2,309$1,597$1,091$830
31 years$4,384$3,104$2,152$1,467$986$742
32 years$4,201$2,937$2,008$1,348$892$663
33 years$4,029$2,781$1,875$1,240$807$594
34 years$3,868$2,636$1,752$1,141$731$531
35 years$3,716$2,500$1,638$1,050$662$476
36 years$3,574$2,373$1,532$967$600$426
37 years$3,439$2,254$1,434$891$544$382
38 years$3,311$2,142$1,343$821$493$342
39 years$3,190$2,037$1,258$757$447$306
40 years$3,076$1,938$1,179$699$405$275
41 years$2,968$1,845$1,106$644$368$246
42 years$2,865$1,757$1,037$595$334$221
43 years$2,767$1,674$973$549$303$198
44 years$2,673$1,596$914$507$275$177
45 years$2,584$1,522$858$468$250$159
46 years$2,500$1,451$806$432$227$143
47 years$2,419$1,385$757$400$206$128
48 years$2,341$1,322$711$369$187$115
49 years$2,268$1,263$669$341$170$103
50 years$2,197$1,206$629$315$154$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,250,000, adding $5,494 every year, while hoping to spend $51,416 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: 84/7/9 Blend
72$2,250,000$2,250,000$2,250,000$2,250,000
73$2,485,167$2,365,917$2,331,042$2,690,499
74$2,683,948$2,427,141$2,354,426$2,886,739
75$2,901,281$2,489,641$2,376,870$3,094,755
76$3,139,005$2,553,427$2,398,288$3,321,651
77$3,399,143$2,618,504$2,418,590$3,569,292
78$3,683,923$2,684,879$2,437,681$3,839,731
79$3,995,801$2,752,555$2,455,460$4,135,233
80$4,337,478$2,821,536$2,471,823$4,458,289
81$4,711,930$2,891,820$2,486,659$4,811,644
82$5,122,435$2,963,408$2,499,850$5,198,321
83$5,572,603$3,036,294$2,511,275$5,621,651
84$6,066,410$3,110,474$2,520,804$6,085,302
85$6,608,236$3,185,940$2,528,303$6,593,314
86$7,202,904$3,262,679$2,533,629$7,150,140
87$7,855,728$3,340,678$2,536,633$7,760,684
88$8,572,561$3,419,920$2,537,159$8,430,347
89$9,359,851$3,500,384$2,535,043$9,165,082
90$10,224,700$3,582,047$2,530,111$9,971,446
91$11,174,934$3,664,882$2,522,184$10,856,664
92$12,219,171$3,748,856$2,511,072$11,828,696
93$13,366,910$3,833,932$2,496,576$12,896,311
94$14,628,611$3,920,072$2,478,487$14,069,171
95$16,015,802$4,007,227$2,456,589$15,357,924
96$17,541,180$4,095,348$2,430,652$16,774,299
97$19,218,738$4,184,378$2,400,436$18,331,222
98$21,063,890$4,274,254$2,365,692$20,042,934
99$23,093,621$4,364,905$2,326,156$21,925,128
100$25,326,641$4,456,257$2,281,553$23,995,095