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%11.3%
1 years$200,667$198,880$197,136$195,434$193,772$192,712
2 years$99,340$97,490$95,697$93,958$92,272$91,203
3 years$65,569$63,711$61,922$60,200$58,541$57,496
4 years$48,687$46,834$45,064$43,371$41,752$40,738
5 years$38,560$36,719$34,971$33,313$31,739$30,760
6 years$31,811$29,983$28,262$26,641$25,114$24,171
7 years$26,992$25,180$23,486$21,903$20,425$19,517
8 years$23,380$21,584$19,918$18,374$16,944$16,073
9 years$20,571$18,793$17,155$15,650$14,269$13,434
10 years$18,326$16,565$14,956$13,491$12,158$11,359
11 years$16,490$14,747$13,167$11,741$10,457$9,692
12 years$14,962$13,236$11,686$10,298$9,061$8,332
13 years$13,669$11,961$10,440$9,092$7,902$7,206
14 years$12,562$10,873$9,381$8,071$6,927$6,264
15 years$11,604$9,932$8,469$7,198$6,099$5,468
16 years$10,766$9,113$7,679$6,445$5,390$4,791
17 years$10,027$8,392$6,987$5,791$4,779$4,211
18 years$9,372$7,755$6,379$5,218$4,249$3,710
19 years$8,786$7,187$5,839$4,715$3,788$3,277
20 years$8,259$6,679$5,359$4,271$3,383$2,900
21 years$7,783$6,221$4,929$3,876$3,028$2,571
22 years$7,351$5,807$4,543$3,524$2,714$2,282
23 years$6,957$5,431$4,195$3,209$2,436$2,029
24 years$6,596$5,089$3,879$2,927$2,190$1,806
25 years$6,265$4,775$3,593$2,673$1,970$1,609
26 years$5,960$4,488$3,332$2,444$1,775$1,435
27 years$5,677$4,224$3,094$2,237$1,600$1,281
28 years$5,416$3,980$2,877$2,050$1,444$1,144
29 years$5,173$3,755$2,677$1,880$1,304$1,022
30 years$4,946$3,546$2,494$1,725$1,178$914
31 years$4,735$3,352$2,325$1,584$1,065$818
32 years$4,537$3,172$2,169$1,456$963$732
33 years$4,352$3,004$2,025$1,339$872$655
34 years$4,178$2,847$1,892$1,232$789$587
35 years$4,014$2,700$1,769$1,134$715$526
36 years$3,859$2,563$1,655$1,045$648$471
37 years$3,714$2,434$1,549$962$587$423
38 years$3,576$2,313$1,451$887$532$379
39 years$3,446$2,200$1,359$818$483$340
40 years$3,322$2,093$1,274$754$438$305
41 years$3,205$1,992$1,194$696$397$274
42 years$3,094$1,897$1,120$642$360$246
43 years$2,988$1,808$1,051$593$327$220
44 years$2,887$1,723$987$548$297$198
45 years$2,791$1,643$927$506$270$178
46 years$2,700$1,568$870$467$245$159
47 years$2,612$1,496$818$432$222$143
48 years$2,529$1,428$768$399$202$128
49 years$2,449$1,364$722$369$183$115
50 years$2,373$1,303$679$341$166$104

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 $4,218 every year, while hoping to spend $44,960 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: 50/23/27 Blend
72$2,430,000$2,430,000$2,430,000$2,430,000
73$2,682,211$2,553,421$2,515,756$2,795,661
74$2,907,959$2,630,701$2,552,197$2,952,584
75$3,155,227$2,710,262$2,588,351$3,118,220
76$3,426,162$2,792,166$2,624,163$3,297,371
77$3,723,129$2,876,481$2,659,571$3,491,337
78$4,048,733$2,963,273$2,694,511$3,701,552
79$4,405,842$3,052,612$2,728,916$3,929,597
80$4,797,617$3,144,569$2,762,713$4,177,208
81$5,227,538$3,239,217$2,795,828$4,446,300
82$5,699,439$3,336,631$2,828,180$4,738,981
83$6,217,542$3,436,886$2,859,685$5,057,574
84$6,786,500$3,540,062$2,890,253$5,404,635
85$7,411,437$3,646,239$2,919,790$5,782,981
86$8,097,998$3,755,499$2,948,197$6,195,715
87$8,852,401$3,867,926$2,975,370$6,646,255
88$9,681,499$3,983,607$3,001,198$7,138,367
89$10,592,839$4,102,631$3,025,564$7,676,197
90$11,594,735$4,225,087$3,048,348$8,264,315
91$12,696,350$4,351,068$3,069,420$8,907,757
92$13,907,777$4,480,670$3,088,644$9,612,069
93$15,240,136$4,613,988$3,105,880$10,383,362
94$16,705,679$4,751,123$3,120,976$11,228,369
95$18,317,906$4,892,175$3,133,776$12,154,509
96$20,091,689$5,037,249$3,144,115$13,169,957
97$22,043,418$5,186,450$3,151,818$14,283,719
98$24,191,147$5,339,887$3,156,705$15,505,721
99$26,554,773$5,497,670$3,158,583$16,846,897
100$29,156,216$5,659,912$3,157,252$18,319,299