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%11.1%
1 years$196,538$194,788$193,080$191,412$189,785$188,905
2 years$97,296$95,484$93,728$92,025$90,374$89,486
3 years$64,220$62,400$60,648$58,961$57,337$56,469
4 years$47,685$45,871$44,136$42,478$40,893$40,051
5 years$37,766$35,963$34,252$32,627$31,086$30,272
6 years$31,156$29,367$27,680$26,092$24,597$23,813
7 years$26,437$24,662$23,003$21,452$20,004$19,250
8 years$22,899$21,140$19,508$17,996$16,596$15,871
9 years$20,148$18,406$16,802$15,328$13,976$13,281
10 years$17,949$16,224$14,649$13,213$11,908$11,243
11 years$16,151$14,443$12,896$11,499$10,241$9,605
12 years$14,654$12,964$11,445$10,086$8,875$8,267
13 years$13,388$11,715$10,226$8,905$7,739$7,159
14 years$12,304$10,649$9,188$7,905$6,784$6,231
15 years$11,365$9,728$8,295$7,050$5,973$5,447
16 years$10,544$8,925$7,521$6,312$5,279$4,779
17 years$9,821$8,220$6,844$5,671$4,681$4,205
18 years$9,179$7,595$6,247$5,111$4,162$3,711
19 years$8,605$7,039$5,719$4,618$3,710$3,282
20 years$8,089$6,541$5,249$4,183$3,314$2,909
21 years$7,623$6,093$4,828$3,796$2,965$2,582
22 years$7,199$5,688$4,450$3,452$2,658$2,296
23 years$6,814$5,319$4,108$3,143$2,386$2,044
24 years$6,460$4,984$3,800$2,867$2,145$1,822
25 years$6,136$4,677$3,519$2,618$1,930$1,626
26 years$5,837$4,396$3,264$2,394$1,738$1,452
27 years$5,561$4,137$3,031$2,191$1,567$1,298
28 years$5,305$3,898$2,818$2,008$1,414$1,161
29 years$5,066$3,678$2,622$1,841$1,277$1,040
30 years$4,845$3,473$2,442$1,690$1,154$931
31 years$4,638$3,283$2,277$1,552$1,043$834
32 years$4,444$3,107$2,124$1,426$944$748
33 years$4,262$2,942$1,983$1,311$854$671
34 years$4,092$2,788$1,853$1,207$773$602
35 years$3,931$2,645$1,733$1,111$700$540
36 years$3,780$2,510$1,621$1,023$634$485
37 years$3,637$2,384$1,517$943$575$436
38 years$3,502$2,266$1,421$869$521$391
39 years$3,375$2,155$1,331$801$473$352
40 years$3,254$2,050$1,248$739$429$316
41 years$3,139$1,951$1,170$682$389$284
42 years$3,030$1,858$1,097$629$353$255
43 years$2,926$1,771$1,030$581$320$229
44 years$2,828$1,688$967$536$291$206
45 years$2,734$1,609$908$495$264$185
46 years$2,644$1,535$852$457$240$167
47 years$2,559$1,465$801$423$218$150
48 years$2,477$1,399$753$391$198$135
49 years$2,399$1,336$707$361$180$121
50 years$2,324$1,276$665$334$163$109

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 $4,238 every year, while hoping to spend $20,496 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: 84/7/9 Blend
72$2,380,000$2,380,000$2,380,000$2,380,000
73$2,627,131$2,500,991$2,464,101$2,844,327
74$2,873,291$2,601,732$2,524,841$3,087,651
75$3,143,873$2,706,723$2,586,929$3,351,670
76$3,441,344$2,816,149$2,650,388$3,641,037
77$3,768,428$2,930,206$2,715,242$3,958,286
78$4,128,119$3,049,099$2,781,515$4,306,210
79$4,523,722$3,173,039$2,849,230$4,687,882
80$4,958,874$3,302,250$2,918,411$5,106,690
81$5,437,584$3,436,965$2,989,083$5,566,364
82$5,964,268$3,577,428$3,061,268$6,071,013
83$6,543,795$3,723,893$3,134,992$6,625,162
84$7,181,525$3,876,626$3,210,277$7,233,798
85$7,883,366$4,035,907$3,287,147$7,902,411
86$8,655,829$4,202,026$3,365,627$8,637,052
87$9,506,087$4,375,289$3,445,738$9,444,384
88$10,442,043$4,556,013$3,527,506$10,331,751
89$11,472,406$4,744,532$3,610,952$11,307,240
90$12,606,773$4,941,195$3,696,099$12,379,762
91$13,855,716$5,146,366$3,782,971$13,559,134
92$15,230,888$5,360,427$3,871,590$14,856,171
93$16,745,127$5,583,776$3,961,976$16,282,790
94$18,412,579$5,816,831$4,054,152$17,852,119
95$20,248,835$6,060,028$4,148,139$19,578,622
96$22,271,071$6,313,825$4,243,956$21,478,236
97$24,498,216$6,578,698$4,341,625$23,568,519
98$26,951,128$6,855,148$4,441,163$25,868,818
99$29,652,791$7,143,699$4,542,590$28,400,449
100$32,628,533$7,444,896$4,645,923$31,186,899