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%15.4%
1 years$199,016$197,243$195,513$193,825$192,177$187,913
2 years$98,523$96,688$94,909$93,185$91,513$87,239
3 years$65,029$63,186$61,413$59,705$58,059$53,909
4 years$48,286$46,449$44,693$43,014$41,408$37,414
5 years$38,243$36,416$34,683$33,039$31,478$27,651
6 years$31,549$29,737$28,029$26,421$24,908$21,251
7 years$26,770$24,973$23,292$21,722$20,256$16,771
8 years$23,187$21,406$19,754$18,222$16,805$13,490
9 years$20,402$18,638$17,014$15,521$14,152$11,005
10 years$18,175$16,429$14,833$13,380$12,058$9,076
11 years$16,355$14,625$13,059$11,644$10,370$7,549
12 years$14,839$13,127$11,589$10,214$8,987$6,321
13 years$13,557$11,863$10,354$9,017$7,837$5,323
14 years$12,459$10,783$9,303$8,004$6,870$4,502
15 years$11,508$9,851$8,400$7,138$6,049$3,822
16 years$10,677$9,038$7,616$6,392$5,346$3,254
17 years$9,945$8,323$6,930$5,743$4,740$2,778
18 years$9,294$7,691$6,326$5,176$4,214$2,377
19 years$8,713$7,128$5,791$4,677$3,756$2,038
20 years$8,191$6,624$5,315$4,236$3,355$1,749
21 years$7,719$6,170$4,889$3,844$3,003$1,504
22 years$7,290$5,759$4,506$3,495$2,691$1,294
23 years$6,899$5,387$4,160$3,183$2,416$1,115
24 years$6,542$5,047$3,848$2,903$2,172$961
25 years$6,213$4,736$3,564$2,651$1,954$829
26 years$5,911$4,451$3,305$2,424$1,760$716
27 years$5,631$4,189$3,069$2,219$1,587$618
28 years$5,371$3,947$2,853$2,033$1,432$534
29 years$5,130$3,724$2,655$1,864$1,293$462
30 years$4,906$3,517$2,473$1,711$1,168$399
31 years$4,696$3,325$2,306$1,571$1,056$345
32 years$4,500$3,146$2,151$1,444$955$299
33 years$4,316$2,979$2,008$1,328$865$259
34 years$4,143$2,823$1,877$1,222$783$224
35 years$3,981$2,678$1,755$1,125$709$194
36 years$3,828$2,542$1,641$1,036$642$168
37 years$3,683$2,414$1,536$954$582$145
38 years$3,547$2,294$1,439$880$528$126
39 years$3,417$2,182$1,348$811$479$109
40 years$3,295$2,076$1,263$748$434$94
41 years$3,179$1,976$1,185$690$394$82
42 years$3,068$1,882$1,111$637$357$71
43 years$2,963$1,793$1,043$588$324$61
44 years$2,863$1,709$979$543$294$53
45 years$2,768$1,630$919$501$267$46
46 years$2,677$1,555$863$463$243$40
47 years$2,591$1,484$811$428$220$35
48 years$2,508$1,416$762$395$200$30
49 years$2,429$1,353$716$365$182$26
50 years$2,353$1,292$673$338$165$22

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 $3,877 every year, while hoping to spend $49,882 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: 38/45/17 Blend
72$2,410,000$2,410,000$2,410,000$2,410,000
73$2,659,819$2,532,089$2,494,734$2,747,145
74$2,878,047$2,603,087$2,525,234$2,881,199
75$3,116,861$2,675,893$2,555,083$3,020,928
76$3,378,311$2,750,541$2,584,208$3,170,882
77$3,664,649$2,827,068$2,612,530$3,332,009
78$3,978,360$2,905,511$2,639,965$3,505,349
79$4,322,176$2,985,904$2,666,428$3,692,050
80$4,699,109$3,068,284$2,691,824$3,893,374
81$5,112,475$3,152,688$2,716,057$4,110,709
82$5,565,927$3,239,149$2,739,025$4,345,585
83$6,063,489$3,327,705$2,760,620$4,599,683
84$6,609,593$3,418,390$2,780,728$4,874,857
85$7,209,119$3,511,239$2,799,230$5,173,146
86$7,867,445$3,606,285$2,816,000$5,496,797
87$8,590,495$3,703,564$2,830,907$5,848,282
88$9,384,794$3,803,107$2,843,811$6,230,325
89$10,257,530$3,904,947$2,854,566$6,645,927
90$11,216,623$4,009,114$2,863,019$7,098,391
91$12,270,798$4,115,640$2,869,010$7,591,358
92$13,429,667$4,224,554$2,872,368$8,128,837
93$14,703,818$4,335,882$2,872,918$8,715,244
94$16,104,919$4,449,652$2,870,472$9,355,445
95$17,645,823$4,565,887$2,864,835$10,054,799
96$19,340,693$4,684,612$2,855,804$10,819,213
97$21,205,132$4,805,846$2,843,161$11,655,193
98$23,256,333$4,929,609$2,826,684$12,569,908
99$25,513,236$5,055,918$2,806,135$13,571,257
100$27,996,713$5,184,785$2,781,268$14,667,942