Can I retire at age 73 with 2,350,000?

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$194,061$192,332$190,646$189,000$187,392$181,977
2 years$96,070$94,280$92,546$90,865$89,234$83,822
3 years$63,410$61,613$59,884$58,218$56,614$51,373
4 years$47,084$45,292$43,580$41,943$40,378$35,349
5 years$37,290$35,510$33,820$32,216$30,694$25,892
6 years$30,764$28,996$27,331$25,764$24,287$19,716
7 years$26,103$24,351$22,713$21,182$19,752$15,411
8 years$22,610$20,873$19,262$17,769$16,386$12,273
9 years$19,894$18,174$16,590$15,135$13,800$9,910
10 years$17,723$16,020$14,464$13,047$11,758$8,087
11 years$15,948$14,261$12,734$11,354$10,112$6,653
12 years$14,469$12,800$11,301$9,959$8,763$5,510
13 years$13,219$11,568$10,097$8,793$7,642$4,587
14 years$12,149$10,515$9,072$7,805$6,699$3,834
15 years$11,222$9,605$8,191$6,961$5,898$3,216
16 years$10,411$8,813$7,426$6,233$5,213$2,706
17 years$9,697$8,116$6,757$5,600$4,622$2,282
18 years$9,063$7,500$6,169$5,047$4,110$1,928
19 years$8,496$6,951$5,647$4,560$3,663$1,632
20 years$7,987$6,459$5,183$4,130$3,272$1,383
21 years$7,527$6,016$4,767$3,748$2,928$1,173
22 years$7,109$5,616$4,394$3,408$2,624$996
23 years$6,728$5,252$4,057$3,104$2,356$847
24 years$6,379$4,921$3,752$2,831$2,117$720
25 years$6,059$4,618$3,475$2,585$1,905$613
26 years$5,763$4,340$3,223$2,364$1,716$522
27 years$5,491$4,085$2,993$2,164$1,547$445
28 years$5,238$3,849$2,782$1,982$1,396$379
29 years$5,003$3,631$2,589$1,818$1,261$323
30 years$4,784$3,429$2,411$1,668$1,139$276
31 years$4,579$3,242$2,248$1,532$1,030$235
32 years$4,388$3,067$2,098$1,408$932$200
33 years$4,209$2,905$1,958$1,295$843$171
34 years$4,040$2,753$1,830$1,191$763$146
35 years$3,882$2,611$1,711$1,097$691$125
36 years$3,732$2,479$1,600$1,010$626$106
37 years$3,591$2,354$1,498$931$568$91
38 years$3,458$2,237$1,403$858$515$77
39 years$3,332$2,127$1,314$791$467$66
40 years$3,213$2,024$1,232$730$423$56
41 years$3,100$1,927$1,155$673$384$48
42 years$2,992$1,835$1,084$621$349$41
43 years$2,890$1,748$1,017$573$316$35
44 years$2,792$1,666$954$529$287$30
45 years$2,699$1,589$896$489$261$26
46 years$2,611$1,516$842$452$237$22
47 years$2,526$1,447$791$417$215$19
48 years$2,446$1,381$743$386$195$16
49 years$2,368$1,319$698$356$177$14
50 years$2,294$1,260$657$329$161$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,350,000, adding $3,552 every year, while hoping to spend $42,871 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: 75/11/14 Blend
72$2,350,000$2,350,000$2,350,000$2,350,000
73$2,593,364$2,468,814$2,432,389$2,779,917
74$2,812,273$2,544,171$2,468,260$2,978,997
75$3,052,073$2,621,784$2,503,895$3,191,428
76$3,314,851$2,701,719$2,539,242$3,423,081
77$3,602,904$2,784,041$2,574,244$3,675,852
78$3,918,761$2,868,819$2,608,843$3,951,833
79$4,265,209$2,956,126$2,642,973$4,253,326
80$4,645,316$3,046,032$2,676,569$4,582,865
81$5,062,464$3,138,614$2,709,560$4,943,244
82$5,520,376$3,233,946$2,741,870$5,337,538
83$6,023,153$3,332,108$2,773,422$5,769,135
84$6,575,314$3,433,181$2,804,131$6,241,767
85$7,181,837$3,537,247$2,833,909$6,759,544
86$7,848,203$3,644,391$2,862,664$7,326,995
87$8,580,454$3,754,701$2,890,298$7,949,108
88$9,385,244$3,868,265$2,916,707$8,631,378
89$10,269,905$3,985,176$2,941,783$9,379,861
90$11,242,513$4,105,527$2,965,410$10,201,226
91$12,311,968$4,229,416$2,987,469$11,102,822
92$13,488,072$4,356,941$3,007,833$12,092,744
93$14,781,628$4,488,204$3,026,368$13,179,913
94$16,204,536$4,623,308$3,042,933$14,374,158
95$17,769,909$4,762,360$3,057,382$15,686,306
96$19,492,194$4,905,471$3,069,559$17,128,289
97$21,387,310$5,052,750$3,079,301$18,713,252
98$23,472,795$5,204,315$3,086,437$20,455,681
99$25,767,975$5,360,281$3,090,788$22,371,536
100$28,294,144$5,520,770$3,092,164$24,478,402