Can I retire at age 73 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$188,280$186,603$184,967$183,370$181,810$177,921
2 years$93,208$91,472$89,790$88,159$86,576$82,677
3 years$61,521$59,778$58,100$56,484$54,928$51,140
4 years$45,681$43,943$42,282$40,694$39,175$35,528
5 years$36,180$34,452$32,812$31,257$29,780$26,284
6 years$29,847$28,133$26,517$24,996$23,564$20,223
7 years$25,326$23,626$22,036$20,551$19,164$15,978
8 years$21,936$20,252$18,688$17,239$15,898$12,867
9 years$19,302$17,633$16,096$14,684$13,389$10,509
10 years$17,195$15,542$14,033$12,658$11,408$8,678
11 years$15,472$13,836$12,354$11,016$9,811$7,227
12 years$14,038$12,419$10,964$9,663$8,502$6,060
13 years$12,825$11,223$9,796$8,531$7,414$5,109
14 years$11,787$10,201$8,802$7,573$6,499$4,327
15 years$10,887$9,319$7,947$6,753$5,722$3,678
16 years$10,101$8,550$7,205$6,047$5,057$3,137
17 years$9,408$7,874$6,556$5,433$4,484$2,682
18 years$8,793$7,276$5,985$4,896$3,987$2,298
19 years$8,243$6,744$5,479$4,424$3,554$1,973
20 years$7,749$6,266$5,028$4,007$3,174$1,696
21 years$7,302$5,837$4,625$3,637$2,841$1,460
22 years$6,897$5,449$4,263$3,307$2,546$1,259
23 years$6,527$5,096$3,936$3,011$2,286$1,086
24 years$6,189$4,775$3,640$2,747$2,054$938
25 years$5,878$4,481$3,371$2,508$1,849$810
26 years$5,592$4,211$3,127$2,293$1,665$701
27 years$5,327$3,963$2,903$2,099$1,501$606
28 years$5,082$3,734$2,699$1,923$1,355$524
29 years$4,854$3,523$2,512$1,764$1,223$454
30 years$4,641$3,327$2,340$1,619$1,105$393
31 years$4,443$3,145$2,181$1,487$999$341
32 years$4,257$2,976$2,035$1,366$904$295
33 years$4,083$2,818$1,900$1,256$818$256
34 years$3,920$2,671$1,775$1,156$741$222
35 years$3,766$2,534$1,660$1,064$671$192
36 years$3,621$2,405$1,553$980$608$167
37 years$3,484$2,284$1,453$903$551$145
38 years$3,355$2,171$1,361$832$499$126
39 years$3,233$2,064$1,275$767$453$109
40 years$3,117$1,964$1,195$708$411$95
41 years$3,007$1,869$1,121$653$373$82
42 years$2,903$1,780$1,051$603$338$71
43 years$2,803$1,696$986$556$307$62
44 years$2,709$1,617$926$514$279$54
45 years$2,619$1,542$869$474$253$47
46 years$2,533$1,471$817$438$230$40
47 years$2,451$1,404$767$405$209$35
48 years$2,373$1,340$721$374$189$30
49 years$2,298$1,280$678$346$172$26
50 years$2,226$1,222$637$320$156$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,280,000, adding $2,331 every year, while hoping to spend $52,600 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: 66/16/18 Blend
72$2,280,000$2,280,000$2,280,000$2,280,000
73$2,514,964$2,394,124$2,358,784$2,669,623
74$2,715,525$2,455,471$2,381,838$2,834,819
75$2,934,779$2,518,060$2,403,900$3,009,039
76$3,174,580$2,581,897$2,424,884$3,198,217
77$3,436,964$2,646,987$2,444,694$3,403,816
78$3,724,176$2,713,331$2,463,233$3,627,452
79$4,038,688$2,780,931$2,480,398$3,870,905
80$4,383,222$2,849,784$2,496,079$4,136,131
81$4,760,775$2,919,888$2,510,162$4,425,292
82$5,174,647$2,991,236$2,522,526$4,740,763
83$5,628,476$3,063,821$2,533,045$5,085,164
84$6,126,264$3,137,632$2,541,586$5,461,382
85$6,672,423$3,212,656$2,548,009$5,872,596
86$7,271,810$3,288,876$2,552,167$6,322,310
87$7,929,777$3,366,274$2,553,907$6,814,385
88$8,652,219$3,444,825$2,553,067$7,353,073
89$9,445,628$3,524,504$2,549,477$7,943,061
90$10,317,157$3,605,280$2,542,960$8,589,515
91$11,274,687$3,687,119$2,533,329$9,298,125
92$12,326,898$3,769,980$2,520,389$10,075,162
93$13,483,353$3,853,821$2,503,934$10,927,536
94$14,754,589$3,938,592$2,483,749$11,862,862
95$16,152,213$4,024,239$2,459,611$12,889,533
96$17,689,014$4,110,702$2,431,283$14,016,795
97$19,379,080$4,197,913$2,398,517$15,254,839
98$21,237,935$4,285,800$2,361,057$16,614,896
99$23,282,682$4,374,282$2,318,630$18,109,341
100$25,532,166$4,463,272$2,270,954$19,751,813