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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.1%
1 years$188,280$186,603$184,967$183,370$181,810$175,850
2 years$93,208$91,472$89,790$88,159$86,576$80,628
3 years$61,521$59,778$58,100$56,484$54,928$49,178
4 years$45,681$43,943$42,282$40,694$39,175$33,669
5 years$36,180$34,452$32,812$31,257$29,780$24,531
6 years$29,847$28,133$26,517$24,996$23,564$18,577
7 years$25,326$23,626$22,036$20,551$19,164$14,439
8 years$21,936$20,252$18,688$17,239$15,898$11,431
9 years$19,302$17,633$16,096$14,684$13,389$9,174
10 years$17,195$15,542$14,033$12,658$11,408$7,439
11 years$15,472$13,836$12,354$11,016$9,811$6,081
12 years$14,038$12,419$10,964$9,663$8,502$5,003
13 years$12,825$11,223$9,796$8,531$7,414$4,137
14 years$11,787$10,201$8,802$7,573$6,499$3,434
15 years$10,887$9,319$7,947$6,753$5,722$2,861
16 years$10,101$8,550$7,205$6,047$5,057$2,389
17 years$9,408$7,874$6,556$5,433$4,484$2,000
18 years$8,793$7,276$5,985$4,896$3,987$1,677
19 years$8,243$6,744$5,479$4,424$3,554$1,409
20 years$7,749$6,266$5,028$4,007$3,174$1,185
21 years$7,302$5,837$4,625$3,637$2,841$998
22 years$6,897$5,449$4,263$3,307$2,546$841
23 years$6,527$5,096$3,936$3,011$2,286$709
24 years$6,189$4,775$3,640$2,747$2,054$598
25 years$5,878$4,481$3,371$2,508$1,849$505
26 years$5,592$4,211$3,127$2,293$1,665$427
27 years$5,327$3,963$2,903$2,099$1,501$361
28 years$5,082$3,734$2,699$1,923$1,355$305
29 years$4,854$3,523$2,512$1,764$1,223$258
30 years$4,641$3,327$2,340$1,619$1,105$218
31 years$4,443$3,145$2,181$1,487$999$184
32 years$4,257$2,976$2,035$1,366$904$156
33 years$4,083$2,818$1,900$1,256$818$132
34 years$3,920$2,671$1,775$1,156$741$112
35 years$3,766$2,534$1,660$1,064$671$94
36 years$3,621$2,405$1,553$980$608$80
37 years$3,484$2,284$1,453$903$551$68
38 years$3,355$2,171$1,361$832$499$57
39 years$3,233$2,064$1,275$767$453$48
40 years$3,117$1,964$1,195$708$411$41
41 years$3,007$1,869$1,121$653$373$35
42 years$2,903$1,780$1,051$603$338$29
43 years$2,803$1,696$986$556$307$25
44 years$2,709$1,617$926$514$279$21
45 years$2,619$1,542$869$474$253$18
46 years$2,533$1,471$817$438$230$15
47 years$2,451$1,404$767$405$209$13
48 years$2,373$1,340$721$374$189$11
49 years$2,298$1,280$678$346$172$9
50 years$2,226$1,222$637$320$156$8

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 $3,996 every year, while hoping to spend $56,006 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: 65/16/19 Blend
72$2,280,000$2,280,000$2,280,000$2,280,000
73$2,516,682$2,395,842$2,360,502$2,668,005
74$2,713,793$2,453,648$2,379,989$2,827,854
75$2,929,133$2,512,410$2,398,251$2,995,702
76$3,164,502$2,572,115$2,415,190$3,177,799
77$3,421,880$2,632,748$2,430,698$3,375,542
78$3,703,452$2,694,292$2,444,666$3,590,470
79$4,011,618$2,756,727$2,456,976$3,824,277
80$4,349,026$2,820,029$2,467,508$4,078,831
81$4,718,588$2,884,172$2,476,131$4,356,190
82$5,123,513$2,949,125$2,482,710$4,658,619
83$5,567,335$3,014,856$2,487,105$4,988,618
84$6,053,945$3,081,326$2,489,165$5,348,937
85$6,587,630$3,148,494$2,488,734$5,742,611
86$7,173,111$3,216,312$2,485,649$6,172,980
87$7,815,587$3,284,730$2,479,737$6,643,727
88$8,520,787$3,353,692$2,470,818$7,158,911
89$9,295,019$3,423,135$2,458,703$7,723,003
90$10,145,234$3,492,991$2,443,192$8,340,932
91$11,079,087$3,563,188$2,424,079$9,018,128
92$12,105,014$3,633,644$2,401,145$9,760,577
93$13,232,305$3,704,271$2,374,163$10,574,875
94$14,471,195$3,774,976$2,342,893$11,468,291
95$15,832,962$3,845,655$2,307,085$12,448,837
96$17,330,029$3,916,197$2,266,477$13,525,342
97$18,976,083$3,986,482$2,220,795$14,707,536
98$20,786,204$4,056,380$2,169,752$16,006,142
99$22,777,006$4,125,751$2,113,048$17,432,980
100$24,966,794$4,194,446$2,050,368$19,001,075