Can I retire at age 73 with 2,390,000?

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$197,364$195,606$193,891$192,217$190,582$187,425
2 years$97,705$95,885$94,122$92,412$90,753$87,582
3 years$64,490$62,662$60,903$59,209$57,578$54,490
4 years$47,885$46,063$44,322$42,657$41,065$38,086
5 years$37,925$36,114$34,396$32,765$31,217$28,354
6 years$31,287$29,490$27,797$26,202$24,701$21,958
7 years$26,548$24,766$23,099$21,542$20,088$17,467
8 years$22,995$21,229$19,590$18,071$16,665$14,164
9 years$20,233$18,483$16,873$15,393$14,035$11,652
10 years$18,025$16,292$14,710$13,269$11,958$9,692
11 years$16,219$14,504$12,951$11,548$10,284$8,133
12 years$14,715$13,018$11,493$10,129$8,912$6,873
13 years$13,444$11,764$10,268$8,942$7,772$5,841
14 years$12,355$10,694$9,226$7,938$6,813$4,987
15 years$11,413$9,769$8,330$7,079$5,998$4,275
16 years$10,589$8,963$7,552$6,339$5,301$3,676
17 years$9,862$8,254$6,872$5,695$4,701$3,170
18 years$9,217$7,627$6,274$5,133$4,180$2,740
19 years$8,641$7,069$5,743$4,638$3,725$2,373
20 years$8,123$6,569$5,271$4,200$3,327$2,059
21 years$7,655$6,119$4,848$3,812$2,978$1,789
22 years$7,230$5,711$4,468$3,466$2,669$1,556
23 years$6,842$5,342$4,126$3,157$2,396$1,355
24 years$6,488$5,005$3,816$2,879$2,154$1,181
25 years$6,162$4,697$3,534$2,629$1,938$1,031
26 years$5,862$4,414$3,278$2,404$1,746$900
27 years$5,584$4,154$3,044$2,201$1,574$786
28 years$5,327$3,915$2,829$2,016$1,420$687
29 years$5,088$3,693$2,633$1,849$1,282$601
30 years$4,865$3,488$2,453$1,697$1,159$525
31 years$4,657$3,297$2,286$1,558$1,047$460
32 years$4,463$3,120$2,133$1,432$948$402
33 years$4,280$2,954$1,992$1,317$858$352
34 years$4,109$2,800$1,861$1,212$776$309
35 years$3,948$2,656$1,740$1,115$703$270
36 years$3,796$2,521$1,628$1,027$637$237
37 years$3,653$2,394$1,523$947$577$207
38 years$3,517$2,275$1,427$872$524$182
39 years$3,389$2,164$1,337$804$475$159
40 years$3,268$2,058$1,253$742$431$140
41 years$3,152$1,959$1,175$685$391$122
42 years$3,043$1,866$1,102$632$354$107
43 years$2,939$1,778$1,034$583$322$94
44 years$2,840$1,695$971$538$292$83
45 years$2,745$1,616$911$497$265$72
46 years$2,655$1,542$856$459$241$63
47 years$2,569$1,471$804$424$219$56
48 years$2,487$1,405$756$392$198$49
49 years$2,409$1,341$710$362$180$43
50 years$2,333$1,281$668$335$164$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,390,000, adding $4,597 every year, while hoping to spend $27,604 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: 31/49/20 Blend
72$2,390,000$2,390,000$2,390,000$2,390,000
73$2,638,522$2,511,852$2,474,807$2,703,736
74$2,878,281$2,605,562$2,528,342$2,847,002
75$3,141,570$2,702,939$2,582,746$2,998,303
76$3,430,760$2,804,133$2,638,018$3,160,595
77$3,748,463$2,909,301$2,694,158$3,334,851
78$4,097,557$3,018,607$2,751,162$3,522,139
79$4,481,210$3,132,222$2,809,029$3,723,629
80$4,902,916$3,250,324$2,867,754$3,940,603
81$5,366,522$3,373,098$2,927,332$4,174,471
82$5,876,266$3,500,738$2,987,757$4,426,780
83$6,436,818$3,633,447$3,049,019$4,699,227
84$7,053,324$3,771,436$3,111,112$4,993,675
85$7,731,451$3,914,925$3,174,022$5,312,174
86$8,477,446$4,064,144$3,237,739$5,656,972
87$9,298,190$4,219,331$3,302,248$6,030,541
88$10,201,266$4,380,739$3,367,534$6,435,595
89$11,195,027$4,548,627$3,433,578$6,875,120
90$12,288,678$4,723,268$3,500,362$7,352,397
91$13,492,363$4,904,948$3,567,863$7,871,032
92$14,817,256$5,093,962$3,636,058$8,434,991
93$16,275,671$5,290,621$3,704,921$9,048,634
94$17,881,176$5,495,249$3,774,423$9,716,757
95$19,648,723$5,708,183$3,844,533$10,444,636
96$21,594,785$5,929,776$3,915,217$11,238,072
97$23,737,515$6,160,397$3,986,439$12,103,448
98$26,096,915$6,400,430$4,058,158$13,047,788
99$28,695,027$6,650,277$4,130,333$14,078,819
100$31,556,137$6,910,358$4,202,916$15,205,044