Can I retire at age 73 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$189,932$188,240$186,589$184,978$183,405$181,869
2 years$94,026$92,275$90,577$88,932$87,336$85,787
3 years$62,061$60,302$58,610$56,980$55,409$53,897
4 years$46,082$44,329$42,653$41,051$39,518$38,053
5 years$36,497$34,754$33,100$31,531$30,041$28,628
6 years$30,109$28,379$26,750$25,215$23,771$22,411
7 years$25,548$23,833$22,229$20,731$19,332$18,026
8 years$22,129$20,429$18,852$17,391$16,038$14,786
9 years$19,471$17,787$16,237$14,813$13,506$12,309
10 years$17,346$15,679$14,156$12,769$11,508$10,364
11 years$15,608$13,958$12,463$11,113$9,897$8,805
12 years$14,161$12,528$11,060$9,747$8,577$7,536
13 years$12,938$11,321$9,882$8,606$7,479$6,489
14 years$11,890$10,291$8,879$7,639$6,556$5,615
15 years$10,983$9,401$8,016$6,813$5,772$4,878
16 years$10,190$8,625$7,268$6,100$5,102$4,254
17 years$9,491$7,943$6,614$5,481$4,524$3,720
18 years$8,870$7,340$6,037$4,939$4,022$3,262
19 years$8,316$6,803$5,527$4,463$3,585$2,867
20 years$7,817$6,321$5,072$4,042$3,202$2,524
21 years$7,366$5,888$4,666$3,669$2,866$2,226
22 years$6,957$5,496$4,300$3,336$2,569$1,966
23 years$6,585$5,141$3,970$3,038$2,306$1,739
24 years$6,243$4,816$3,672$2,771$2,072$1,539
25 years$5,930$4,520$3,401$2,530$1,865$1,364
26 years$5,641$4,248$3,154$2,314$1,680$1,210
27 years$5,374$3,998$2,929$2,118$1,514$1,074
28 years$5,126$3,767$2,723$1,940$1,367$954
29 years$4,896$3,554$2,534$1,779$1,234$848
30 years$4,682$3,356$2,360$1,633$1,115$754
31 years$4,482$3,173$2,200$1,500$1,008$670
32 years$4,294$3,002$2,053$1,378$912$597
33 years$4,119$2,843$1,917$1,267$825$531
34 years$3,954$2,695$1,791$1,166$747$473
35 years$3,799$2,556$1,674$1,073$677$421
36 years$3,653$2,426$1,566$989$613$375
37 years$3,515$2,304$1,466$911$556$335
38 years$3,385$2,190$1,373$840$504$298
39 years$3,261$2,082$1,286$774$457$266
40 years$3,144$1,981$1,206$714$414$237
41 years$3,034$1,886$1,131$659$376$211
42 years$2,928$1,796$1,060$608$341$189
43 years$2,828$1,711$995$561$310$168
44 years$2,733$1,631$934$518$281$150
45 years$2,642$1,555$877$479$255$134
46 years$2,555$1,484$824$442$232$119
47 years$2,473$1,416$774$408$210$107
48 years$2,393$1,352$727$377$191$95
49 years$2,318$1,291$684$349$173$85
50 years$2,246$1,233$643$322$158$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,300,000, adding $5,974 every year, while hoping to spend $31,696 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: 46/49/5 Blend
72$2,300,000$2,300,000$2,300,000$2,300,000
73$2,540,762$2,418,862$2,383,212$2,653,988
74$2,766,196$2,503,662$2,429,325$2,817,131
75$3,013,561$2,591,555$2,475,921$2,990,188
76$3,285,062$2,682,659$2,522,982$3,177,157
77$3,583,125$2,777,096$2,570,489$3,379,331
78$3,910,426$2,874,995$2,618,422$3,598,128
79$4,269,908$2,976,489$2,666,758$3,835,111
80$4,664,817$3,081,715$2,715,473$4,091,993
81$5,098,727$3,190,818$2,764,540$4,370,659
82$5,575,576$3,303,947$2,813,931$4,673,180
83$6,099,702$3,421,258$2,863,615$5,001,836
84$6,675,884$3,542,912$2,913,559$5,359,129
85$7,309,389$3,669,079$2,963,728$5,747,814
86$8,006,017$3,799,934$3,014,083$6,170,920
87$8,772,159$3,935,660$3,064,583$6,631,778
88$9,614,858$4,076,446$3,115,186$7,134,055
89$10,541,873$4,222,491$3,165,844$7,681,783
90$11,561,752$4,374,001$3,216,507$8,279,398
91$12,683,913$4,531,190$3,267,123$8,931,783
92$13,918,735$4,694,281$3,317,634$9,644,310
93$15,277,652$4,863,507$3,367,981$10,422,893
94$16,773,264$5,039,110$3,418,100$11,274,039
95$18,419,453$5,221,343$3,467,922$12,204,913
96$20,231,516$5,410,467$3,517,376$13,223,399
97$22,226,307$5,606,757$3,566,385$14,338,178
98$24,422,399$5,810,496$3,614,868$15,558,809
99$26,840,257$6,021,983$3,662,738$16,895,811
100$29,502,429$6,241,526$3,709,906$18,360,772