Can I retire at age 73 with 2,410,000?

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$199,016$197,243$195,513$193,825$192,177$184,844
2 years$98,523$96,688$94,909$93,185$91,513$84,211
3 years$65,029$63,186$61,413$59,705$58,059$51,019
4 years$48,286$46,449$44,693$43,014$41,408$34,683
5 years$38,243$36,416$34,683$33,039$31,478$25,085
6 years$31,549$29,737$28,029$26,421$24,908$18,851
7 years$26,770$24,973$23,292$21,722$20,256$14,534
8 years$23,187$21,406$19,754$18,222$16,805$11,412
9 years$20,402$18,638$17,014$15,521$14,152$9,080
10 years$18,175$16,429$14,833$13,380$12,058$7,299
11 years$16,355$14,625$13,059$11,644$10,370$5,912
12 years$14,839$13,127$11,589$10,214$8,987$4,819
13 years$13,557$11,863$10,354$9,017$7,837$3,946
14 years$12,459$10,783$9,303$8,004$6,870$3,244
15 years$11,508$9,851$8,400$7,138$6,049$2,676
16 years$10,677$9,038$7,616$6,392$5,346$2,212
17 years$9,945$8,323$6,930$5,743$4,740$1,833
18 years$9,294$7,691$6,326$5,176$4,214$1,521
19 years$8,713$7,128$5,791$4,677$3,756$1,264
20 years$8,191$6,624$5,315$4,236$3,355$1,052
21 years$7,719$6,170$4,889$3,844$3,003$876
22 years$7,290$5,759$4,506$3,495$2,691$730
23 years$6,899$5,387$4,160$3,183$2,416$609
24 years$6,542$5,047$3,848$2,903$2,172$508
25 years$6,213$4,736$3,564$2,651$1,954$424
26 years$5,911$4,451$3,305$2,424$1,760$354
27 years$5,631$4,189$3,069$2,219$1,587$296
28 years$5,371$3,947$2,853$2,033$1,432$247
29 years$5,130$3,724$2,655$1,864$1,293$207
30 years$4,906$3,517$2,473$1,711$1,168$173
31 years$4,696$3,325$2,306$1,571$1,056$145
32 years$4,500$3,146$2,151$1,444$955$121
33 years$4,316$2,979$2,008$1,328$865$101
34 years$4,143$2,823$1,877$1,222$783$85
35 years$3,981$2,678$1,755$1,125$709$71
36 years$3,828$2,542$1,641$1,036$642$59
37 years$3,683$2,414$1,536$954$582$50
38 years$3,547$2,294$1,439$880$528$41
39 years$3,417$2,182$1,348$811$479$35
40 years$3,295$2,076$1,263$748$434$29
41 years$3,179$1,976$1,185$690$394$24
42 years$3,068$1,882$1,111$637$357$20
43 years$2,963$1,793$1,043$588$324$17
44 years$2,863$1,709$979$543$294$14
45 years$2,768$1,630$919$501$267$12
46 years$2,677$1,555$863$463$243$10
47 years$2,591$1,484$811$428$220$8
48 years$2,508$1,416$762$395$200$7
49 years$2,429$1,353$716$365$182$6
50 years$2,353$1,292$673$338$165$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,410,000, adding $4,613 every year, while hoping to spend $42,859 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: 54/24/22 Blend
72$2,410,000$2,410,000$2,410,000$2,410,000
73$2,660,578$2,532,848$2,495,493$2,787,974
74$2,886,356$2,611,356$2,533,491$2,954,471
75$3,133,726$2,692,275$2,571,325$3,130,757
76$3,404,846$2,775,676$2,608,944$3,321,756
77$3,702,092$2,861,636$2,646,296$3,528,889
78$4,028,081$2,950,232$2,683,322$3,753,719
79$4,385,694$3,041,542$2,719,962$3,997,967
80$4,778,107$3,135,649$2,756,153$4,263,530
81$5,208,815$3,232,638$2,791,825$4,552,493
82$5,681,671$3,332,594$2,826,908$4,867,154
83$6,200,917$3,435,607$2,861,325$5,210,044
84$6,771,228$3,541,768$2,894,997$5,583,948
85$7,397,751$3,651,173$2,927,837$5,991,935
86$8,086,159$3,763,918$2,959,757$6,437,386
87$8,842,701$3,880,104$2,990,663$6,924,021
88$9,674,260$3,999,832$3,020,453$7,455,941
89$10,588,421$4,123,210$3,049,025$8,037,662
90$11,593,539$4,250,347$3,076,266$8,674,159
91$12,698,819$4,381,353$3,102,061$9,370,912
92$13,914,405$4,516,345$3,126,285$10,133,957
93$15,251,470$4,655,441$3,148,811$10,969,944
94$16,722,325$4,798,764$3,169,503$11,886,201
95$18,340,538$4,946,439$3,188,216$12,890,798
96$20,121,052$5,098,594$3,204,801$13,992,629
97$22,080,337$5,255,363$3,219,100$15,201,490
98$24,236,538$5,416,882$3,230,946$16,528,177
99$26,609,648$5,583,292$3,240,165$17,984,583
100$29,221,696$5,754,737$3,246,574$19,583,812