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

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$197,364$195,606$193,891$192,217$190,582$185,824
2 years$97,705$95,885$94,122$92,412$90,753$85,990
3 years$64,490$62,662$60,903$59,209$57,578$52,958
4 years$47,885$46,063$44,322$42,657$41,065$36,624
5 years$37,925$36,114$34,396$32,765$31,217$26,967
6 years$31,287$29,490$27,797$26,202$24,701$20,647
7 years$26,548$24,766$23,099$21,542$20,088$16,230
8 years$22,995$21,229$19,590$18,071$16,665$13,001
9 years$20,233$18,483$16,873$15,393$14,035$10,562
10 years$18,025$16,292$14,710$13,269$11,958$8,673
11 years$16,219$14,504$12,951$11,548$10,284$7,181
12 years$14,715$13,018$11,493$10,129$8,912$5,986
13 years$13,444$11,764$10,268$8,942$7,772$5,017
14 years$12,355$10,694$9,226$7,938$6,813$4,223
15 years$11,413$9,769$8,330$7,079$5,998$3,568
16 years$10,589$8,963$7,552$6,339$5,301$3,023
17 years$9,862$8,254$6,872$5,695$4,701$2,568
18 years$9,217$7,627$6,274$5,133$4,180$2,186
19 years$8,641$7,069$5,743$4,638$3,725$1,864
20 years$8,123$6,569$5,271$4,200$3,327$1,591
21 years$7,655$6,119$4,848$3,812$2,978$1,361
22 years$7,230$5,711$4,468$3,466$2,669$1,165
23 years$6,842$5,342$4,126$3,157$2,396$998
24 years$6,488$5,005$3,816$2,879$2,154$855
25 years$6,162$4,697$3,534$2,629$1,938$734
26 years$5,862$4,414$3,278$2,404$1,746$630
27 years$5,584$4,154$3,044$2,201$1,574$541
28 years$5,327$3,915$2,829$2,016$1,420$465
29 years$5,088$3,693$2,633$1,849$1,282$400
30 years$4,865$3,488$2,453$1,697$1,159$343
31 years$4,657$3,297$2,286$1,558$1,047$295
32 years$4,463$3,120$2,133$1,432$948$254
33 years$4,280$2,954$1,992$1,317$858$219
34 years$4,109$2,800$1,861$1,212$776$188
35 years$3,948$2,656$1,740$1,115$703$162
36 years$3,796$2,521$1,628$1,027$637$139
37 years$3,653$2,394$1,523$947$577$120
38 years$3,517$2,275$1,427$872$524$103
39 years$3,389$2,164$1,337$804$475$89
40 years$3,268$2,058$1,253$742$431$77
41 years$3,152$1,959$1,175$685$391$66
42 years$3,043$1,866$1,102$632$354$57
43 years$2,939$1,778$1,034$583$322$49
44 years$2,840$1,695$971$538$292$42
45 years$2,745$1,616$911$497$265$36
46 years$2,655$1,542$856$459$241$31
47 years$2,569$1,471$804$424$219$27
48 years$2,487$1,405$756$392$198$23
49 years$2,409$1,341$710$362$180$20
50 years$2,333$1,281$668$335$164$17

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 $3,368 every year, while hoping to spend $43,035 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: 46/46/8 Blend
72$2,390,000$2,390,000$2,390,000$2,390,000
73$2,637,254$2,510,584$2,473,539$2,752,596
74$2,860,465$2,587,814$2,510,614$2,909,631
75$3,105,001$2,667,385$2,547,488$3,075,141
76$3,372,992$2,749,368$2,584,110$3,253,686
77$3,666,784$2,833,834$2,620,424$3,446,486
78$3,988,959$2,920,855$2,656,371$3,654,881
79$4,342,363$3,010,507$2,691,890$3,880,344
80$4,730,131$3,102,868$2,726,915$4,124,496
81$5,155,713$3,198,018$2,761,375$4,389,120
82$5,622,912$3,296,037$2,795,198$4,676,177
83$6,135,918$3,397,011$2,828,305$4,987,824
84$6,699,343$3,501,026$2,860,615$5,326,436
85$7,318,270$3,608,171$2,892,040$5,694,625
86$7,998,300$3,718,537$2,922,490$6,095,265
87$8,745,600$3,832,219$2,951,866$6,531,522
88$9,566,965$3,949,312$2,980,068$7,006,879
89$10,469,884$4,069,917$3,006,989$7,525,169
90$11,462,603$4,194,134$3,032,514$8,090,614
91$12,554,211$4,322,069$3,056,526$8,707,862
92$13,754,719$4,453,829$3,078,898$9,382,029
93$15,075,159$4,589,524$3,099,499$10,118,750
94$16,527,683$4,729,269$3,118,190$10,924,228
95$18,125,682$4,873,179$3,134,825$11,805,297
96$19,883,911$5,021,374$3,149,251$12,769,481
97$21,818,625$5,173,977$3,161,307$13,825,066
98$23,947,738$5,331,114$3,170,823$14,981,180
99$26,290,983$5,492,914$3,177,621$16,247,874
100$28,870,107$5,659,511$3,181,516$17,636,222