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%16%
1 years$202,319$200,517$198,758$197,042$195,366$190,566
2 years$100,158$98,292$96,485$94,732$93,032$88,225
3 years$66,109$64,235$62,432$60,696$59,023$54,361
4 years$49,087$47,220$45,434$43,728$42,096$37,613
5 years$38,877$37,021$35,259$33,587$32,001$27,710
6 years$32,073$30,230$28,495$26,860$25,321$21,227
7 years$27,214$25,387$23,679$22,083$20,593$16,696
8 years$23,572$21,762$20,082$18,525$17,084$13,382
9 years$20,741$18,947$17,296$15,779$14,387$10,878
10 years$18,477$16,701$15,079$13,602$12,258$8,938
11 years$16,626$14,868$13,276$11,838$10,543$7,406
12 years$15,085$13,345$11,782$10,383$9,136$6,177
13 years$13,782$12,060$10,526$9,167$7,967$5,180
14 years$12,666$10,962$9,458$8,137$6,984$4,364
15 years$11,699$10,014$8,539$7,257$6,149$3,689
16 years$10,854$9,188$7,742$6,498$5,434$3,128
17 years$10,110$8,462$7,045$5,838$4,819$2,659
18 years$9,449$7,819$6,431$5,261$4,284$2,265
19 years$8,858$7,246$5,887$4,754$3,819$1,933
20 years$8,327$6,734$5,403$4,306$3,411$1,652
21 years$7,847$6,272$4,970$3,908$3,052$1,413
22 years$7,411$5,855$4,580$3,553$2,736$1,211
23 years$7,014$5,476$4,229$3,236$2,456$1,038
24 years$6,650$5,131$3,911$2,951$2,208$891
25 years$6,316$4,815$3,623$2,695$1,987$765
26 years$6,009$4,525$3,360$2,464$1,789$657
27 years$5,724$4,259$3,120$2,256$1,613$565
28 years$5,461$4,013$2,900$2,067$1,456$486
29 years$5,215$3,786$2,699$1,895$1,314$418
30 years$4,987$3,575$2,514$1,739$1,188$359
31 years$4,774$3,380$2,344$1,597$1,074$309
32 years$4,575$3,198$2,187$1,468$971$266
33 years$4,388$3,029$2,042$1,350$879$229
34 years$4,212$2,870$1,908$1,242$796$197
35 years$4,047$2,722$1,784$1,143$721$170
36 years$3,891$2,584$1,669$1,053$653$146
37 years$3,744$2,454$1,562$970$592$126
38 years$3,605$2,332$1,462$894$537$109
39 years$3,474$2,218$1,370$825$487$94
40 years$3,350$2,110$1,284$761$441$81
41 years$3,231$2,009$1,204$702$400$70
42 years$3,119$1,913$1,130$648$363$60
43 years$3,013$1,823$1,060$598$330$52
44 years$2,911$1,737$995$552$299$45
45 years$2,814$1,657$934$510$272$38
46 years$2,722$1,580$877$471$247$33
47 years$2,634$1,508$824$435$224$29
48 years$2,550$1,440$775$402$203$25
49 years$2,469$1,375$728$372$185$21
50 years$2,392$1,313$685$343$168$18

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 $3,536 every year, while hoping to spend $30,228 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: 58/35/7 Blend
72$2,450,000$2,450,000$2,450,000$2,450,000
73$2,703,547$2,573,697$2,535,722$2,856,092
74$2,947,147$2,667,646$2,588,507$3,052,920
75$3,214,580$2,765,185$2,642,046$3,263,617
76$3,508,247$2,866,459$2,696,334$3,492,510
77$3,830,790$2,971,617$2,751,363$3,741,341
78$4,185,120$3,080,816$2,807,123$4,012,028
79$4,574,445$3,194,219$2,863,605$4,306,681
80$5,002,298$3,311,995$2,920,795$4,627,620
81$5,472,572$3,434,322$2,978,681$4,977,396
82$5,989,555$3,561,384$3,037,248$5,358,818
83$6,557,972$3,693,375$3,096,478$5,774,974
84$7,183,027$3,830,493$3,156,352$6,229,265
85$7,870,458$3,972,948$3,216,852$6,725,431
86$8,626,581$4,120,959$3,277,952$7,267,589
87$9,458,358$4,274,753$3,339,630$7,860,271
88$10,373,461$4,434,566$3,401,858$8,508,465
89$11,380,340$4,600,646$3,464,607$9,217,661
90$12,488,308$4,773,250$3,527,844$9,993,903
91$13,707,625$4,952,649$3,591,536$10,843,846
92$15,049,595$5,139,121$3,655,645$11,774,816
93$16,526,676$5,332,960$3,720,131$12,794,879
94$18,152,592$5,534,470$3,784,951$13,912,918
95$19,942,468$5,743,971$3,850,059$15,138,712
96$21,912,969$5,961,795$3,915,404$16,483,031
97$24,082,456$6,188,287$3,980,935$17,957,735
98$26,471,163$6,423,810$4,046,593$19,575,886
99$29,101,386$6,668,740$4,112,318$21,351,869
100$31,997,692$6,923,473$4,178,045$23,301,524