Can I retire at age 73 with 2,380,000?

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$196,538$194,788$193,080$191,412$189,785$188,826
2 years$97,296$95,484$93,728$92,025$90,374$89,406
3 years$64,220$62,400$60,648$58,961$57,337$56,390
4 years$47,685$45,871$44,136$42,478$40,893$39,975
5 years$37,766$35,963$34,252$32,627$31,086$30,199
6 years$31,156$29,367$27,680$26,092$24,597$23,743
7 years$26,437$24,662$23,003$21,452$20,004$19,183
8 years$22,899$21,140$19,508$17,996$16,596$15,806
9 years$20,148$18,406$16,802$15,328$13,976$13,219
10 years$17,949$16,224$14,649$13,213$11,908$11,184
11 years$16,151$14,443$12,896$11,499$10,241$9,549
12 years$14,654$12,964$11,445$10,086$8,875$8,214
13 years$13,388$11,715$10,226$8,905$7,739$7,108
14 years$12,304$10,649$9,188$7,905$6,784$6,183
15 years$11,365$9,728$8,295$7,050$5,973$5,401
16 years$10,544$8,925$7,521$6,312$5,279$4,735
17 years$9,821$8,220$6,844$5,671$4,681$4,164
18 years$9,179$7,595$6,247$5,111$4,162$3,672
19 years$8,605$7,039$5,719$4,618$3,710$3,246
20 years$8,089$6,541$5,249$4,183$3,314$2,874
21 years$7,623$6,093$4,828$3,796$2,965$2,550
22 years$7,199$5,688$4,450$3,452$2,658$2,266
23 years$6,814$5,319$4,108$3,143$2,386$2,016
24 years$6,460$4,984$3,800$2,867$2,145$1,795
25 years$6,136$4,677$3,519$2,618$1,930$1,601
26 years$5,837$4,396$3,264$2,394$1,738$1,429
27 years$5,561$4,137$3,031$2,191$1,567$1,276
28 years$5,305$3,898$2,818$2,008$1,414$1,141
29 years$5,066$3,678$2,622$1,841$1,277$1,020
30 years$4,845$3,473$2,442$1,690$1,154$913
31 years$4,638$3,283$2,277$1,552$1,043$818
32 years$4,444$3,107$2,124$1,426$944$732
33 years$4,262$2,942$1,983$1,311$854$656
34 years$4,092$2,788$1,853$1,207$773$588
35 years$3,931$2,645$1,733$1,111$700$528
36 years$3,780$2,510$1,621$1,023$634$473
37 years$3,637$2,384$1,517$943$575$425
38 years$3,502$2,266$1,421$869$521$381
39 years$3,375$2,155$1,331$801$473$342
40 years$3,254$2,050$1,248$739$429$307
41 years$3,139$1,951$1,170$682$389$276
42 years$3,030$1,858$1,097$629$353$248
43 years$2,926$1,771$1,030$581$320$222
44 years$2,828$1,688$967$536$291$200
45 years$2,734$1,609$908$495$264$180
46 years$2,644$1,535$852$457$240$161
47 years$2,559$1,465$801$423$218$145
48 years$2,477$1,399$753$391$198$130
49 years$2,399$1,336$707$361$180$117
50 years$2,324$1,276$665$334$163$105

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,380,000, adding $2,534 every year, while hoping to spend $34,589 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: 87/7/6 Blend
72$2,380,000$2,380,000$2,380,000$2,380,000
73$2,625,374$2,499,234$2,462,344$2,853,013
74$2,856,360$2,584,894$2,508,030$3,087,304
75$3,109,746$2,673,592$2,554,087$3,339,714
76$3,387,783$2,765,440$2,600,492$3,616,014
77$3,692,946$2,860,556$2,647,217$3,918,584
78$4,027,963$2,959,060$2,694,236$4,250,047
79$4,395,840$3,061,078$2,741,517$4,613,291
80$4,799,886$3,166,742$2,789,028$5,011,499
81$5,243,749$3,276,186$2,836,735$5,448,174
82$5,731,445$3,389,553$2,884,599$5,927,177
83$6,267,400$3,506,990$2,932,582$6,452,757
84$6,856,491$3,628,648$2,980,639$7,029,599
85$7,504,088$3,754,686$3,028,725$7,662,862
86$8,216,109$3,885,270$3,076,791$8,358,228
87$8,999,074$4,020,570$3,124,786$9,121,958
88$9,860,167$4,160,766$3,172,654$9,960,948
89$10,807,302$4,306,041$3,220,335$10,882,797
90$11,849,198$4,456,588$3,267,768$11,895,875
91$12,995,464$4,612,609$3,314,886$13,009,403
92$14,256,685$4,774,310$3,361,618$14,233,543
93$15,644,524$4,941,909$3,407,890$15,579,487
94$17,171,833$5,115,630$3,453,622$17,059,568
95$18,852,772$5,295,708$3,498,730$18,687,375
96$20,702,944$5,482,386$3,543,126$20,477,879
97$22,739,539$5,675,918$3,586,716$22,447,574
98$24,981,501$5,876,567$3,629,400$24,614,636
99$27,449,703$6,084,608$3,671,074$26,999,091
100$30,167,145$6,300,326$3,711,627$29,623,002