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%17.9%
1 years$200,667$198,880$197,136$195,434$193,772$187,569
2 years$99,340$97,490$95,697$93,958$92,272$86,080
3 years$65,569$63,711$61,922$60,200$58,541$52,554
4 years$48,687$46,834$45,064$43,371$41,752$36,016
5 years$38,560$36,719$34,971$33,313$31,739$26,270
6 years$31,811$29,983$28,262$26,641$25,114$19,916
7 years$26,992$25,180$23,486$21,903$20,425$15,496
8 years$23,380$21,584$19,918$18,374$16,944$12,283
9 years$20,571$18,793$17,155$15,650$14,269$9,870
10 years$18,326$16,565$14,956$13,491$12,158$8,014
11 years$16,490$14,747$13,167$11,741$10,457$6,559
12 years$14,962$13,236$11,686$10,298$9,061$5,403
13 years$13,669$11,961$10,440$9,092$7,902$4,474
14 years$12,562$10,873$9,381$8,071$6,927$3,719
15 years$11,604$9,932$8,469$7,198$6,099$3,102
16 years$10,766$9,113$7,679$6,445$5,390$2,595
17 years$10,027$8,392$6,987$5,791$4,779$2,175
18 years$9,372$7,755$6,379$5,218$4,249$1,827
19 years$8,786$7,187$5,839$4,715$3,788$1,537
20 years$8,259$6,679$5,359$4,271$3,383$1,295
21 years$7,783$6,221$4,929$3,876$3,028$1,092
22 years$7,351$5,807$4,543$3,524$2,714$921
23 years$6,957$5,431$4,195$3,209$2,436$778
24 years$6,596$5,089$3,879$2,927$2,190$658
25 years$6,265$4,775$3,593$2,673$1,970$556
26 years$5,960$4,488$3,332$2,444$1,775$471
27 years$5,677$4,224$3,094$2,237$1,600$398
28 years$5,416$3,980$2,877$2,050$1,444$337
29 years$5,173$3,755$2,677$1,880$1,304$286
30 years$4,946$3,546$2,494$1,725$1,178$242
31 years$4,735$3,352$2,325$1,584$1,065$205
32 years$4,537$3,172$2,169$1,456$963$174
33 years$4,352$3,004$2,025$1,339$872$147
34 years$4,178$2,847$1,892$1,232$789$125
35 years$4,014$2,700$1,769$1,134$715$106
36 years$3,859$2,563$1,655$1,045$648$90
37 years$3,714$2,434$1,549$962$587$76
38 years$3,576$2,313$1,451$887$532$64
39 years$3,446$2,200$1,359$818$483$55
40 years$3,322$2,093$1,274$754$438$46
41 years$3,205$1,992$1,194$696$397$39
42 years$3,094$1,897$1,120$642$360$33
43 years$2,988$1,808$1,051$593$327$28
44 years$2,887$1,723$987$548$297$24
45 years$2,791$1,643$927$506$270$20
46 years$2,700$1,568$870$467$245$17
47 years$2,612$1,496$818$432$222$15
48 years$2,529$1,428$768$399$202$12
49 years$2,449$1,364$722$369$183$11
50 years$2,373$1,303$679$341$166$9

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 $5,247 every year, while hoping to spend $26,659 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: 53/42/5 Blend
72$2,430,000$2,430,000$2,430,000$2,430,000
73$2,683,272$2,554,482$2,516,817$2,822,289
74$2,928,601$2,651,287$2,572,766$3,013,695
75$3,198,060$2,751,942$2,629,695$3,218,432
76$3,494,082$2,856,607$2,687,610$3,440,503
77$3,819,348$2,965,450$2,746,514$3,681,548
78$4,176,810$3,078,645$2,806,410$3,943,369
79$4,569,721$3,196,376$2,867,302$4,227,946
80$5,001,667$3,318,832$2,929,191$4,537,458
81$5,476,594$3,446,212$2,992,076$4,874,297
82$5,998,854$3,578,724$3,055,958$5,241,096
83$6,573,239$3,716,584$3,120,835$5,640,749
84$7,205,031$3,860,017$3,186,704$6,076,441
85$7,900,046$4,009,261$3,253,561$6,551,674
86$8,664,697$4,164,561$3,321,401$7,070,299
87$9,506,046$4,326,174$3,390,218$7,636,556
88$10,431,875$4,494,368$3,460,002$8,255,107
89$11,450,759$4,669,425$3,530,745$8,931,084
90$12,572,147$4,851,638$3,602,436$9,670,134
91$13,806,448$5,041,311$3,675,060$10,478,471
92$15,165,135$5,238,764$3,748,603$11,362,935
93$16,660,846$5,444,331$3,823,049$12,331,055
94$18,307,509$5,658,359$3,898,378$13,391,118
95$20,120,471$5,881,214$3,974,569$14,552,245
96$22,116,640$6,113,275$4,051,599$15,824,481
97$24,314,651$6,354,940$4,129,441$17,218,881
98$26,735,036$6,606,622$4,208,068$18,747,620
99$29,400,420$6,868,756$4,287,448$20,424,100
100$32,335,732$7,141,795$4,367,547$22,263,081