Can I retire at age 73 with 2,320,000?

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 $2,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$191,583$189,877$188,212$186,587$185,000$178,792
2 years$94,843$93,077$91,365$89,705$88,095$81,902
3 years$62,601$60,827$59,119$57,475$55,891$49,907
4 years$46,483$44,714$43,024$41,408$39,862$34,133
5 years$36,814$35,056$33,388$31,805$30,303$24,844
6 years$30,371$28,626$26,983$25,435$23,977$18,793
7 years$25,770$24,040$22,423$20,911$19,500$14,590
8 years$22,321$20,607$19,016$17,542$16,177$11,537
9 years$19,640$17,942$16,379$14,942$13,624$9,248
10 years$17,497$15,815$14,279$12,880$11,608$7,490
11 years$15,744$14,079$12,571$11,209$9,983$6,115
12 years$14,284$12,637$11,157$9,832$8,651$5,024
13 years$13,050$11,420$9,968$8,680$7,544$4,148
14 years$11,994$10,380$8,956$7,705$6,613$3,439
15 years$11,078$9,483$8,086$6,872$5,823$2,860
16 years$10,278$8,700$7,331$6,153$5,146$2,386
17 years$9,573$8,013$6,671$5,528$4,563$1,994
18 years$8,947$7,404$6,090$4,982$4,057$1,670
19 years$8,388$6,862$5,575$4,502$3,616$1,401
20 years$7,885$6,376$5,116$4,077$3,230$1,176
21 years$7,431$5,939$4,706$3,700$2,891$989
22 years$7,018$5,544$4,337$3,365$2,591$832
23 years$6,642$5,185$4,005$3,064$2,326$700
24 years$6,298$4,858$3,704$2,795$2,090$590
25 years$5,981$4,559$3,430$2,552$1,881$497
26 years$5,690$4,285$3,182$2,334$1,694$419
27 years$5,420$4,033$2,954$2,136$1,528$354
28 years$5,171$3,800$2,746$1,957$1,378$299
29 years$4,939$3,585$2,556$1,795$1,245$252
30 years$4,723$3,386$2,381$1,647$1,125$213
31 years$4,521$3,200$2,219$1,513$1,017$180
32 years$4,332$3,028$2,071$1,390$920$152
33 years$4,155$2,868$1,933$1,278$832$128
34 years$3,989$2,718$1,807$1,176$754$108
35 years$3,832$2,578$1,689$1,083$683$92
36 years$3,685$2,447$1,580$997$618$77
37 years$3,546$2,324$1,479$919$561$65
38 years$3,414$2,209$1,385$847$508$55
39 years$3,290$2,100$1,297$781$461$47
40 years$3,172$1,998$1,216$720$418$39
41 years$3,060$1,902$1,140$665$379$33
42 years$2,954$1,811$1,070$613$344$28
43 years$2,853$1,726$1,004$566$312$24
44 years$2,756$1,645$942$523$283$20
45 years$2,665$1,569$885$483$257$17
46 years$2,577$1,497$831$446$234$14
47 years$2,494$1,428$781$412$212$12
48 years$2,414$1,363$734$381$193$10
49 years$2,338$1,302$690$352$175$9
50 years$2,265$1,244$648$325$159$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,320,000, adding $3,241 every year, while hoping to spend $29,455 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: 32/41/27 Blend
72$2,320,000$2,320,000$2,320,000$2,320,000
73$2,559,983$2,437,023$2,401,063$2,620,690
74$2,789,761$2,525,097$2,450,159$2,755,441
75$3,041,990$2,616,500$2,499,912$2,897,643
76$3,318,928$2,711,363$2,550,314$3,050,229
77$3,623,062$2,809,824$2,601,353$3,214,133
78$3,957,136$2,912,026$2,653,020$3,390,381
79$4,324,167$3,018,119$2,705,299$3,580,098
80$4,727,482$3,128,257$2,758,177$3,784,519
81$5,170,746$3,242,603$2,811,637$4,005,002
82$5,657,997$3,361,325$2,865,661$4,243,038
83$6,193,682$3,484,599$2,920,230$4,500,266
84$6,782,702$3,612,609$2,975,323$4,778,488
85$7,430,456$3,745,545$3,030,914$5,079,682
86$8,142,892$3,883,606$3,086,979$5,406,025
87$8,926,565$4,027,001$3,143,491$5,759,909
88$9,788,694$4,175,943$3,200,417$6,143,966
89$10,737,237$4,330,661$3,257,727$6,561,088
90$11,780,959$4,491,387$3,315,385$7,014,460
91$12,929,519$4,658,367$3,373,353$7,507,580
92$14,193,560$4,831,857$3,431,590$8,044,302
93$15,584,808$5,012,123$3,490,053$8,628,862
94$17,116,183$5,199,442$3,548,695$9,265,924
95$18,801,923$5,394,104$3,607,465$9,960,619
96$20,657,715$5,596,411$3,666,311$10,718,593
97$22,700,845$5,806,678$3,725,176$11,546,063
98$24,950,359$6,025,233$3,783,997$12,449,868
99$27,427,246$6,252,419$3,842,711$13,437,540
100$30,154,632$6,488,594$3,901,248$14,517,369