Can I retire at age 73 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$202,319$200,517$198,758$197,042$195,366$188,886
2 years$100,158$98,292$96,485$94,732$93,032$86,565
3 years$66,109$64,235$62,432$60,696$59,023$52,774
4 years$49,087$47,220$45,434$43,728$42,096$36,112
5 years$38,877$37,021$35,259$33,587$32,001$26,298
6 years$32,073$30,230$28,495$26,860$25,321$19,904
7 years$27,214$25,387$23,679$22,083$20,593$15,461
8 years$23,572$21,762$20,082$18,525$17,084$12,233
9 years$20,741$18,947$17,296$15,779$14,387$9,812
10 years$18,477$16,701$15,079$13,602$12,258$7,952
11 years$16,626$14,868$13,276$11,838$10,543$6,496
12 years$15,085$13,345$11,782$10,383$9,136$5,340
13 years$13,782$12,060$10,526$9,167$7,967$4,413
14 years$12,666$10,962$9,458$8,137$6,984$3,661
15 years$11,699$10,014$8,539$7,257$6,149$3,047
16 years$10,854$9,188$7,742$6,498$5,434$2,543
17 years$10,110$8,462$7,045$5,838$4,819$2,127
18 years$9,449$7,819$6,431$5,261$4,284$1,783
19 years$8,858$7,246$5,887$4,754$3,819$1,496
20 years$8,327$6,734$5,403$4,306$3,411$1,258
21 years$7,847$6,272$4,970$3,908$3,052$1,058
22 years$7,411$5,855$4,580$3,553$2,736$891
23 years$7,014$5,476$4,229$3,236$2,456$751
24 years$6,650$5,131$3,911$2,951$2,208$633
25 years$6,316$4,815$3,623$2,695$1,987$534
26 years$6,009$4,525$3,360$2,464$1,789$451
27 years$5,724$4,259$3,120$2,256$1,613$381
28 years$5,461$4,013$2,900$2,067$1,456$321
29 years$5,215$3,786$2,699$1,895$1,314$272
30 years$4,987$3,575$2,514$1,739$1,188$229
31 years$4,774$3,380$2,344$1,597$1,074$194
32 years$4,575$3,198$2,187$1,468$971$164
33 years$4,388$3,029$2,042$1,350$879$139
34 years$4,212$2,870$1,908$1,242$796$117
35 years$4,047$2,722$1,784$1,143$721$99
36 years$3,891$2,584$1,669$1,053$653$84
37 years$3,744$2,454$1,562$970$592$71
38 years$3,605$2,332$1,462$894$537$60
39 years$3,474$2,218$1,370$825$487$51
40 years$3,350$2,110$1,284$761$441$43
41 years$3,231$2,009$1,204$702$400$36
42 years$3,119$1,913$1,130$648$363$31
43 years$3,013$1,823$1,060$598$330$26
44 years$2,911$1,737$995$552$299$22
45 years$2,814$1,657$934$510$272$19
46 years$2,722$1,580$877$471$247$16
47 years$2,634$1,508$824$435$224$13
48 years$2,550$1,440$775$402$203$11
49 years$2,469$1,375$728$372$185$10
50 years$2,392$1,313$685$343$168$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,450,000, adding $5,959 every year, while hoping to spend $23,303 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: 46/25/29 Blend
72$2,450,000$2,450,000$2,450,000$2,450,000
73$2,706,047$2,576,197$2,538,222$2,807,676
74$2,957,269$2,677,636$2,598,458$2,981,814
75$3,233,335$2,783,265$2,659,931$3,167,937
76$3,536,755$2,893,264$2,722,658$3,369,449
77$3,870,292$3,007,822$2,786,655$3,587,807
78$4,236,993$3,127,137$2,851,939$3,824,610
79$4,640,213$3,251,413$2,918,526$4,081,620
80$5,083,649$3,380,867$2,986,431$4,360,771
81$5,571,376$3,515,724$3,055,671$4,664,193
82$6,107,880$3,656,218$3,126,259$4,994,225
83$6,698,106$3,802,595$3,198,212$5,353,444
84$7,347,503$3,955,112$3,271,542$5,744,684
85$8,062,073$4,114,038$3,346,264$6,171,061
86$8,848,432$4,279,653$3,422,390$6,636,006
87$9,713,865$4,452,249$3,499,934$7,143,294
88$10,666,404$4,632,134$3,578,906$7,697,079
89$11,714,896$4,819,627$3,659,318$8,301,935
90$12,869,091$5,015,064$3,741,181$8,962,893
91$14,139,730$5,218,795$3,824,503$9,685,496
92$15,538,652$5,431,185$3,909,293$10,475,841
93$17,078,899$5,652,618$3,995,559$11,340,642
94$18,774,843$5,883,492$4,083,306$12,287,293
95$20,642,321$6,124,228$4,172,541$13,323,933
96$22,698,784$6,375,261$4,263,267$14,459,524
97$24,963,461$6,637,049$4,355,488$15,703,934
98$27,457,541$6,910,072$4,449,204$17,068,031
99$30,204,373$7,194,828$4,544,415$18,563,783
100$33,229,686$7,491,842$4,641,120$20,204,367