Can I retire at age 73 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$200,667$198,880$197,136$195,434$193,772$188,781
2 years$99,340$97,490$95,697$93,958$92,272$87,277
3 years$65,569$63,711$61,922$60,200$58,541$53,699
4 years$48,687$46,834$45,064$43,371$41,752$37,099
5 years$38,560$36,719$34,971$33,313$31,739$27,288
6 years$31,811$29,983$28,262$26,641$25,114$20,870
7 years$26,992$25,180$23,486$21,903$20,425$16,387
8 years$23,380$21,584$19,918$18,374$16,944$13,112
9 years$20,571$18,793$17,155$15,650$14,269$10,639
10 years$18,326$16,565$14,956$13,491$12,158$8,725
11 years$16,490$14,747$13,167$11,741$10,457$7,215
12 years$14,962$13,236$11,686$10,298$9,061$6,007
13 years$13,669$11,961$10,440$9,092$7,902$5,027
14 years$12,562$10,873$9,381$8,071$6,927$4,226
15 years$11,604$9,932$8,469$7,198$6,099$3,565
16 years$10,766$9,113$7,679$6,445$5,390$3,016
17 years$10,027$8,392$6,987$5,791$4,779$2,558
18 years$9,372$7,755$6,379$5,218$4,249$2,175
19 years$8,786$7,187$5,839$4,715$3,788$1,851
20 years$8,259$6,679$5,359$4,271$3,383$1,579
21 years$7,783$6,221$4,929$3,876$3,028$1,348
22 years$7,351$5,807$4,543$3,524$2,714$1,152
23 years$6,957$5,431$4,195$3,209$2,436$985
24 years$6,596$5,089$3,879$2,927$2,190$843
25 years$6,265$4,775$3,593$2,673$1,970$722
26 years$5,960$4,488$3,332$2,444$1,775$619
27 years$5,677$4,224$3,094$2,237$1,600$531
28 years$5,416$3,980$2,877$2,050$1,444$455
29 years$5,173$3,755$2,677$1,880$1,304$391
30 years$4,946$3,546$2,494$1,725$1,178$335
31 years$4,735$3,352$2,325$1,584$1,065$288
32 years$4,537$3,172$2,169$1,456$963$247
33 years$4,352$3,004$2,025$1,339$872$212
34 years$4,178$2,847$1,892$1,232$789$182
35 years$4,014$2,700$1,769$1,134$715$157
36 years$3,859$2,563$1,655$1,045$648$135
37 years$3,714$2,434$1,549$962$587$116
38 years$3,576$2,313$1,451$887$532$99
39 years$3,446$2,200$1,359$818$483$85
40 years$3,322$2,093$1,274$754$438$73
41 years$3,205$1,992$1,194$696$397$63
42 years$3,094$1,897$1,120$642$360$54
43 years$2,988$1,808$1,051$593$327$47
44 years$2,887$1,723$987$548$297$40
45 years$2,791$1,643$927$506$270$34
46 years$2,700$1,568$870$467$245$30
47 years$2,612$1,496$818$432$222$25
48 years$2,529$1,428$768$399$202$22
49 years$2,449$1,364$722$369$183$19
50 years$2,373$1,303$679$341$166$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,430,000, adding $6,716 every year, while hoping to spend $21,396 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: 64/14/22 Blend
72$2,430,000$2,430,000$2,430,000$2,430,000
73$2,684,788$2,555,998$2,518,333$2,840,943
74$2,935,871$2,658,476$2,579,932$3,049,444
75$3,211,847$2,765,259$2,642,877$3,274,136
76$3,515,234$2,876,535$2,707,191$3,519,132
77$3,848,803$2,992,500$2,772,897$3,786,422
78$4,215,608$3,113,361$2,840,017$4,078,196
79$4,619,017$3,239,332$2,908,574$4,396,865
80$5,062,735$3,370,638$2,978,590$4,745,080
81$5,550,849$3,507,514$3,050,088$5,125,764
82$6,087,860$3,650,206$3,123,090$5,542,132
83$6,678,727$3,798,971$3,197,618$5,997,725
84$7,328,914$3,954,078$3,273,696$6,496,441
85$8,044,442$4,115,807$3,351,344$7,042,573
86$8,831,946$4,284,452$3,430,584$7,640,847
87$9,698,734$4,460,320$3,511,439$8,296,471
88$10,652,862$4,643,733$3,593,929$9,015,175
89$11,703,204$4,835,026$3,678,075$9,803,274
90$12,859,539$5,034,550$3,763,899$10,667,720
91$14,132,642$5,242,673$3,851,420$11,616,172
92$15,534,386$5,459,779$3,940,658$12,657,066
93$17,077,856$5,686,270$4,031,632$13,799,691
94$18,777,466$5,922,567$4,124,360$15,054,281
95$20,649,104$6,169,108$4,218,862$16,432,110
96$22,710,273$6,426,355$4,315,155$17,945,593
97$24,980,262$6,694,788$4,413,254$19,608,411
98$27,480,327$6,974,911$4,513,176$21,435,632
99$30,233,889$7,267,251$4,614,936$23,443,854
100$33,266,758$7,572,357$4,718,548$25,651,366