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%20%
1 years$189,932$188,240$186,589$184,978$183,405$176,059
2 years$94,026$92,275$90,577$88,932$87,336$80,027
3 years$62,061$60,302$58,610$56,980$55,409$48,368
4 years$46,082$44,329$42,653$41,051$39,518$32,798
5 years$36,497$34,754$33,100$31,531$30,041$23,659
6 years$30,109$28,379$26,750$25,215$23,771$17,730
7 years$25,548$23,833$22,229$20,731$19,332$13,631
8 years$22,129$20,429$18,852$17,391$16,038$10,671
9 years$19,471$17,787$16,237$14,813$13,506$8,465
10 years$17,346$15,679$14,156$12,769$11,508$6,782
11 years$15,608$13,958$12,463$11,113$9,897$5,476
12 years$14,161$12,528$11,060$9,747$8,577$4,448
13 years$12,938$11,321$9,882$8,606$7,479$3,630
14 years$11,890$10,291$8,879$7,639$6,556$2,974
15 years$10,983$9,401$8,016$6,813$5,772$2,444
16 years$10,190$8,625$7,268$6,100$5,102$2,013
17 years$9,491$7,943$6,614$5,481$4,524$1,662
18 years$8,870$7,340$6,037$4,939$4,022$1,374
19 years$8,316$6,803$5,527$4,463$3,585$1,138
20 years$7,817$6,321$5,072$4,042$3,202$943
21 years$7,366$5,888$4,666$3,669$2,866$782
22 years$6,957$5,496$4,300$3,336$2,569$650
23 years$6,585$5,141$3,970$3,038$2,306$540
24 years$6,243$4,816$3,672$2,771$2,072$449
25 years$5,930$4,520$3,401$2,530$1,865$373
26 years$5,641$4,248$3,154$2,314$1,680$310
27 years$5,374$3,998$2,929$2,118$1,514$258
28 years$5,126$3,767$2,723$1,940$1,367$215
29 years$4,896$3,554$2,534$1,779$1,234$179
30 years$4,682$3,356$2,360$1,633$1,115$149
31 years$4,482$3,173$2,200$1,500$1,008$124
32 years$4,294$3,002$2,053$1,378$912$103
33 years$4,119$2,843$1,917$1,267$825$86
34 years$3,954$2,695$1,791$1,166$747$72
35 years$3,799$2,556$1,674$1,073$677$60
36 years$3,653$2,426$1,566$989$613$50
37 years$3,515$2,304$1,466$911$556$41
38 years$3,385$2,190$1,373$840$504$35
39 years$3,261$2,082$1,286$774$457$29
40 years$3,144$1,981$1,206$714$414$24
41 years$3,034$1,886$1,131$659$376$20
42 years$2,928$1,796$1,060$608$341$17
43 years$2,828$1,711$995$561$310$14
44 years$2,733$1,631$934$518$281$12
45 years$2,642$1,555$877$479$255$10
46 years$2,555$1,484$824$442$232$8
47 years$2,473$1,416$774$408$210$7
48 years$2,393$1,352$727$377$191$6
49 years$2,318$1,291$684$349$173$5
50 years$2,246$1,233$643$322$158$4

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 $6,221 every year, while hoping to spend $59,731 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: 74/16/10 Blend
72$2,300,000$2,300,000$2,300,000$2,300,000
73$2,541,017$2,419,117$2,383,467$2,723,948
74$2,736,647$2,474,100$2,399,760$2,900,458
75$2,950,230$2,529,776$2,414,596$3,085,682
76$3,183,533$2,586,115$2,427,865$3,286,942
77$3,438,504$2,643,084$2,439,448$3,505,808
78$3,717,283$2,700,648$2,449,223$3,744,010
79$4,022,233$2,758,766$2,457,058$4,003,451
80$4,355,949$2,817,394$2,462,818$4,286,227
81$4,721,293$2,876,483$2,466,359$4,594,651
82$5,121,414$2,935,981$2,467,532$4,931,265
83$5,559,783$2,995,828$2,466,179$5,298,873
84$6,040,218$3,055,961$2,462,133$5,700,562
85$6,566,928$3,116,311$2,455,222$6,139,735
86$7,144,547$3,176,802$2,445,264$6,620,139
87$7,778,178$3,237,353$2,432,068$7,145,904
88$8,473,444$3,297,875$2,415,433$7,721,577
89$9,236,536$3,358,271$2,395,151$8,352,172
90$10,074,275$3,418,440$2,371,002$9,043,211
91$10,994,176$3,478,268$2,342,756$9,800,780
92$12,004,516$3,537,636$2,310,171$10,631,582
93$13,114,411$3,596,415$2,272,996$11,543,006
94$14,333,906$3,654,465$2,230,967$12,543,192
95$15,674,068$3,711,637$2,183,808$13,641,112
96$17,147,087$3,767,771$2,131,229$14,846,649
97$18,766,392$3,822,695$2,072,928$16,170,697
98$20,546,782$3,876,224$2,008,589$17,625,257
99$22,504,556$3,928,162$1,937,879$19,223,558
100$24,657,677$3,978,298$1,860,455$20,980,175