Can I retire at age 73 with 2,270,000?

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 $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$187,454$185,785$184,156$182,566$181,013$175,924
2 years$92,799$91,071$89,396$87,772$86,197$81,108
3 years$61,252$59,516$57,845$56,236$54,687$49,758
4 years$45,481$43,750$42,096$40,515$39,003$34,273
5 years$36,021$34,301$32,669$31,119$29,649$25,130
6 years$29,716$28,009$26,401$24,887$23,461$19,156
7 years$25,215$23,522$21,939$20,461$19,080$14,991
8 years$21,840$20,163$18,606$17,164$15,829$11,952
9 years$19,217$17,555$16,026$14,620$13,330$9,663
10 years$17,120$15,474$13,972$12,602$11,358$7,895
11 years$15,405$13,776$12,300$10,968$9,768$6,504
12 years$13,977$12,364$10,916$9,620$8,465$5,393
13 years$12,769$11,174$9,753$8,493$7,381$4,495
14 years$11,735$10,157$8,763$7,539$6,471$3,763
15 years$10,840$9,278$7,912$6,724$5,697$3,161
16 years$10,057$8,513$7,173$6,020$5,035$2,663
17 years$9,367$7,840$6,527$5,409$4,465$2,249
18 years$8,755$7,244$5,959$4,875$3,970$1,903
19 years$8,207$6,714$5,455$4,405$3,538$1,613
20 years$7,715$6,239$5,006$3,989$3,160$1,369
21 years$7,270$5,811$4,605$3,621$2,828$1,164
22 years$6,867$5,425$4,244$3,292$2,535$990
23 years$6,499$5,074$3,919$2,998$2,276$843
24 years$6,162$4,754$3,624$2,734$2,045$718
25 years$5,852$4,461$3,357$2,497$1,841$612
26 years$5,567$4,193$3,113$2,283$1,658$522
27 years$5,304$3,946$2,891$2,090$1,495$445
28 years$5,059$3,718$2,687$1,915$1,349$380
29 years$4,832$3,508$2,501$1,756$1,218$325
30 years$4,621$3,313$2,329$1,612$1,100$277
31 years$4,423$3,131$2,172$1,480$995$237
32 years$4,238$2,963$2,026$1,360$900$202
33 years$4,065$2,806$1,892$1,251$814$173
34 years$3,903$2,659$1,768$1,151$737$148
35 years$3,750$2,522$1,653$1,059$668$126
36 years$3,605$2,394$1,546$976$605$108
37 years$3,469$2,274$1,447$899$548$92
38 years$3,341$2,161$1,355$829$497$79
39 years$3,219$2,055$1,270$764$451$68
40 years$3,103$1,955$1,190$705$409$58
41 years$2,994$1,861$1,116$650$371$49
42 years$2,890$1,772$1,047$600$337$42
43 years$2,791$1,689$982$554$306$36
44 years$2,697$1,610$922$511$277$31
45 years$2,607$1,535$866$472$252$26
46 years$2,522$1,464$813$436$229$23
47 years$2,440$1,397$764$403$208$19
48 years$2,362$1,334$718$372$189$17
49 years$2,288$1,274$675$344$171$14
50 years$2,216$1,217$634$318$156$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,270,000, adding $5,001 every year, while hoping to spend $27,371 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: 83/10/7 Blend
72$2,270,000$2,270,000$2,270,000$2,270,000
73$2,506,699$2,386,389$2,351,204$2,712,733
74$2,733,259$2,474,199$2,400,846$2,935,912
75$2,982,012$2,565,395$2,451,235$3,176,732
76$3,255,191$2,660,113$2,502,365$3,440,320
77$3,555,258$2,758,496$2,554,232$3,728,942
78$3,884,925$2,860,694$2,606,830$4,045,094
79$4,247,180$2,966,860$2,660,151$4,391,524
80$4,645,314$3,077,158$2,714,187$4,771,258
81$5,082,952$3,191,755$2,768,929$5,187,632
82$5,564,090$3,310,827$2,824,364$5,644,315
83$6,093,128$3,434,558$2,880,481$6,145,352
84$6,674,915$3,563,140$2,937,265$6,695,197
85$7,314,793$3,696,771$2,994,701$7,298,756
86$8,018,649$3,835,659$3,052,770$7,961,434
87$8,792,967$3,980,022$3,111,454$8,689,183
88$9,644,892$4,130,086$3,170,730$9,488,561
89$10,582,298$4,286,087$3,230,577$10,366,793
90$11,613,858$4,448,271$3,290,967$11,331,836
91$12,749,131$4,616,896$3,351,874$12,392,458
92$13,998,647$4,792,229$3,413,266$13,558,318
93$15,374,011$4,974,550$3,475,112$14,840,055
94$16,888,008$5,164,151$3,537,377$16,249,393
95$18,554,728$5,361,336$3,600,021$17,799,248
96$20,389,692$5,566,425$3,663,005$19,503,849
97$22,410,009$5,779,747$3,726,283$21,378,874
98$24,634,526$6,001,651$3,789,809$23,441,596
99$27,084,012$6,232,496$3,853,533$25,711,047
100$29,781,354$6,472,661$3,917,399$28,208,194