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%12.6%
1 years$197,364$195,606$193,891$192,217$190,582$188,513
2 years$97,705$95,885$94,122$92,412$90,753$88,670
3 years$64,490$62,662$60,903$59,209$57,578$55,545
4 years$47,885$46,063$44,322$42,657$41,065$39,098
5 years$37,925$36,114$34,396$32,765$31,217$29,322
6 years$31,287$29,490$27,797$26,202$24,701$22,880
7 years$26,548$24,766$23,099$21,542$20,088$18,343
8 years$22,995$21,229$19,590$18,071$16,665$14,995
9 years$20,233$18,483$16,873$15,393$14,035$12,438
10 years$18,025$16,292$14,710$13,269$11,958$10,435
11 years$16,219$14,504$12,951$11,548$10,284$8,833
12 years$14,715$13,018$11,493$10,129$8,912$7,531
13 years$13,444$11,764$10,268$8,942$7,772$6,459
14 years$12,355$10,694$9,226$7,938$6,813$5,567
15 years$11,413$9,769$8,330$7,079$5,998$4,818
16 years$10,589$8,963$7,552$6,339$5,301$4,184
17 years$9,862$8,254$6,872$5,695$4,701$3,644
18 years$9,217$7,627$6,274$5,133$4,180$3,181
19 years$8,641$7,069$5,743$4,638$3,725$2,784
20 years$8,123$6,569$5,271$4,200$3,327$2,440
21 years$7,655$6,119$4,848$3,812$2,978$2,142
22 years$7,230$5,711$4,468$3,466$2,669$1,884
23 years$6,842$5,342$4,126$3,157$2,396$1,658
24 years$6,488$5,005$3,816$2,879$2,154$1,461
25 years$6,162$4,697$3,534$2,629$1,938$1,289
26 years$5,862$4,414$3,278$2,404$1,746$1,138
27 years$5,584$4,154$3,044$2,201$1,574$1,005
28 years$5,327$3,915$2,829$2,016$1,420$888
29 years$5,088$3,693$2,633$1,849$1,282$786
30 years$4,865$3,488$2,453$1,697$1,159$695
31 years$4,657$3,297$2,286$1,558$1,047$615
32 years$4,463$3,120$2,133$1,432$948$545
33 years$4,280$2,954$1,992$1,317$858$483
34 years$4,109$2,800$1,861$1,212$776$428
35 years$3,948$2,656$1,740$1,115$703$379
36 years$3,796$2,521$1,628$1,027$637$336
37 years$3,653$2,394$1,523$947$577$298
38 years$3,517$2,275$1,427$872$524$264
39 years$3,389$2,164$1,337$804$475$234
40 years$3,268$2,058$1,253$742$431$208
41 years$3,152$1,959$1,175$685$391$185
42 years$3,043$1,866$1,102$632$354$164
43 years$2,939$1,778$1,034$583$322$145
44 years$2,840$1,695$971$538$292$129
45 years$2,745$1,616$911$497$265$114
46 years$2,655$1,542$856$459$241$102
47 years$2,569$1,471$804$424$219$90
48 years$2,487$1,405$756$392$198$80
49 years$2,409$1,341$710$362$180$71
50 years$2,333$1,281$668$335$164$63

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 $2,820 every year, while hoping to spend $55,420 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: 35/37/28 Blend
72$2,390,000$2,390,000$2,390,000$2,390,000
73$2,636,689$2,510,019$2,472,974$2,706,630
74$2,846,665$2,574,043$2,496,852$2,823,288
75$3,076,201$2,639,348$2,519,673$2,943,888
76$3,327,233$2,705,936$2,541,342$3,072,948
77$3,601,895$2,773,810$2,561,761$3,211,263
78$3,902,533$2,842,972$2,580,825$3,359,709
79$4,231,734$2,913,421$2,598,425$3,519,251
80$4,592,345$2,985,152$2,614,446$3,690,952
81$4,987,500$3,058,160$2,628,766$3,875,986
82$5,420,653$3,132,439$2,641,258$4,075,643
83$5,895,608$3,207,976$2,651,788$4,291,349
84$6,416,552$3,284,759$2,660,215$4,524,673
85$6,988,100$3,362,772$2,666,392$4,777,346
86$7,615,333$3,441,994$2,670,163$5,051,275
87$8,303,849$3,522,404$2,671,365$5,348,563
88$9,059,814$3,603,974$2,669,828$5,671,529
89$9,890,020$3,686,674$2,665,372$6,022,730
90$10,801,949$3,770,468$2,657,809$6,404,982
91$11,803,844$3,855,317$2,646,942$6,821,394
92$12,904,785$3,941,177$2,632,564$7,275,390
93$14,114,776$4,027,997$2,614,458$7,770,747
94$15,444,838$4,115,724$2,592,397$8,311,629
95$16,907,113$4,204,296$2,566,143$8,902,626
96$18,514,977$4,293,644$2,535,448$9,548,801
97$20,283,168$4,383,696$2,500,049$10,255,732
98$22,227,924$4,474,371$2,459,673$11,029,574
99$24,367,135$4,565,578$2,414,035$11,877,108
100$26,720,512$4,657,221$2,362,835$12,805,814