Can I retire at age 73 with 2,370,000?

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 $2,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$195,712$193,969$192,268$190,608$188,987$184,568
2 years$96,887$95,083$93,334$91,639$89,994$85,567
3 years$63,950$62,138$60,393$58,714$57,096$52,799
4 years$47,484$45,678$43,951$42,300$40,721$36,588
5 years$37,608$35,812$34,108$32,490$30,956$26,998
6 years$31,025$29,243$27,564$25,983$24,494$20,715
7 years$26,326$24,558$22,906$21,362$19,920$16,321
8 years$22,802$21,051$19,426$17,920$16,526$13,105
9 years$20,064$18,329$16,732$15,264$13,917$10,672
10 years$17,874$16,156$14,587$13,158$11,858$8,785
11 years$16,083$14,383$12,842$11,451$10,198$7,293
12 years$14,592$12,909$11,397$10,044$8,838$6,095
13 years$13,332$11,666$10,183$8,867$7,707$5,122
14 years$12,252$10,604$9,149$7,872$6,756$4,323
15 years$11,317$9,687$8,260$7,020$5,948$3,662
16 years$10,500$8,888$7,489$6,286$5,257$3,112
17 years$9,780$8,185$6,815$5,648$4,661$2,651
18 years$9,140$7,564$6,221$5,090$4,145$2,263
19 years$8,569$7,010$5,695$4,599$3,694$1,936
20 years$8,055$6,514$5,227$4,165$3,300$1,658
21 years$7,591$6,067$4,808$3,780$2,953$1,422
22 years$7,169$5,664$4,431$3,437$2,647$1,221
23 years$6,785$5,297$4,091$3,130$2,376$1,049
24 years$6,433$4,963$3,784$2,855$2,136$902
25 years$6,110$4,658$3,504$2,607$1,922$777
26 years$5,813$4,377$3,250$2,384$1,731$669
27 years$5,537$4,120$3,018$2,182$1,561$576
28 years$5,282$3,882$2,806$1,999$1,408$497
29 years$5,045$3,662$2,611$1,833$1,272$428
30 years$4,824$3,458$2,432$1,683$1,149$369
31 years$4,618$3,269$2,267$1,545$1,039$319
32 years$4,425$3,094$2,115$1,420$940$275
33 years$4,244$2,930$1,975$1,306$850$237
34 years$4,074$2,777$1,845$1,202$770$205
35 years$3,915$2,634$1,725$1,106$697$177
36 years$3,764$2,500$1,614$1,019$632$153
37 years$3,622$2,374$1,511$939$573$132
38 years$3,488$2,256$1,415$865$519$114
39 years$3,361$2,145$1,325$798$471$99
40 years$3,240$2,041$1,242$736$427$85
41 years$3,126$1,943$1,165$679$387$74
42 years$3,017$1,851$1,093$626$352$64
43 years$2,914$1,763$1,025$578$319$55
44 years$2,816$1,681$963$534$290$47
45 years$2,722$1,603$904$493$263$41
46 years$2,633$1,529$849$456$239$35
47 years$2,548$1,459$797$421$217$31
48 years$2,466$1,393$749$389$197$26
49 years$2,388$1,330$704$359$179$23
50 years$2,314$1,271$662$332$162$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,370,000, adding $4,075 every year, while hoping to spend $20,612 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: 73/13/14 Blend
72$2,370,000$2,370,000$2,370,000$2,370,000
73$2,615,943$2,490,333$2,453,598$2,798,680
74$2,860,839$2,590,429$2,513,863$3,020,293
75$3,130,022$2,694,738$2,575,455$3,260,036
76$3,425,950$2,803,446$2,638,399$3,522,091
77$3,751,328$2,916,745$2,702,716$3,808,664
78$4,109,135$3,034,838$2,768,429$4,122,183
79$4,502,657$3,157,935$2,835,562$4,465,323
80$4,935,512$3,286,258$2,904,137$4,841,028
81$5,411,686$3,420,036$2,974,177$5,252,539
82$5,935,571$3,559,511$3,045,705$5,703,426
83$6,512,007$3,704,934$3,118,744$6,197,621
84$7,146,326$3,856,571$3,193,316$6,739,452
85$7,844,404$4,014,695$3,269,445$7,333,687
86$8,612,714$4,179,596$3,347,152$7,985,576
87$9,458,389$4,351,575$3,426,460$8,700,901
88$10,389,289$4,530,946$3,507,391$9,486,033
89$11,414,075$4,718,041$3,589,967$10,347,985
90$12,542,289$4,913,203$3,674,209$11,294,485
91$13,784,446$5,116,793$3,760,138$12,334,044
92$15,152,132$5,329,189$3,847,776$13,476,038
93$16,658,115$5,550,785$3,937,142$14,730,794
94$18,316,463$5,781,994$4,028,256$16,109,689
95$20,142,679$6,023,248$4,121,139$17,625,254
96$22,153,843$6,274,998$4,215,808$19,291,298
97$24,368,779$6,537,716$4,312,281$21,123,028
98$26,808,228$6,811,899$4,410,577$23,137,200
99$29,495,047$7,098,062$4,510,711$25,352,276
100$32,454,422$7,396,747$4,612,700$27,788,591