Can I retire at age 73 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$203,145$201,335$199,570$197,846$196,164$192,676
2 years$100,567$98,694$96,878$95,118$93,411$89,910
3 years$66,378$64,497$62,687$60,943$59,264$55,857
4 years$49,288$47,412$45,620$43,906$42,268$38,982
5 years$39,036$37,172$35,403$33,724$32,131$28,976
6 years$32,204$30,354$28,611$26,970$25,424$22,403
7 years$27,325$25,491$23,776$22,173$20,677$17,791
8 years$23,668$21,850$20,164$18,600$17,153$14,401
9 years$20,825$19,025$17,367$15,843$14,446$11,826
10 years$18,552$16,769$15,141$13,657$12,308$9,819
11 years$16,694$14,929$13,330$11,886$10,586$8,224
12 years$15,146$13,399$11,830$10,426$9,173$6,936
13 years$13,838$12,109$10,569$9,204$7,999$5,883
14 years$12,717$11,007$9,496$8,170$7,012$5,013
15 years$11,747$10,055$8,574$7,287$6,174$4,288
16 years$10,899$9,225$7,774$6,524$5,457$3,680
17 years$10,151$8,496$7,074$5,862$4,838$3,167
18 years$9,487$7,851$6,457$5,283$4,302$2,731
19 years$8,894$7,276$5,911$4,774$3,834$2,360
20 years$8,361$6,761$5,425$4,323$3,425$2,043
21 years$7,879$6,298$4,990$3,924$3,065$1,771
22 years$7,441$5,879$4,599$3,568$2,747$1,537
23 years$7,043$5,498$4,247$3,249$2,466$1,336
24 years$6,678$5,152$3,927$2,963$2,217$1,161
25 years$6,342$4,834$3,637$2,706$1,995$1,011
26 years$6,033$4,544$3,374$2,474$1,797$880
27 years$5,748$4,276$3,133$2,265$1,620$767
28 years$5,483$4,029$2,912$2,075$1,462$669
29 years$5,237$3,801$2,710$1,903$1,320$583
30 years$5,007$3,590$2,524$1,746$1,193$509
31 years$4,793$3,394$2,353$1,604$1,078$444
32 years$4,593$3,211$2,196$1,474$975$388
33 years$4,405$3,041$2,050$1,356$883$339
34 years$4,229$2,882$1,916$1,247$799$296
35 years$4,063$2,734$1,791$1,148$724$259
36 years$3,907$2,595$1,675$1,057$656$226
37 years$3,760$2,464$1,568$974$594$197
38 years$3,620$2,342$1,468$898$539$173
39 years$3,488$2,227$1,376$828$489$151
40 years$3,363$2,119$1,290$764$443$132
41 years$3,245$2,017$1,209$705$402$115
42 years$3,132$1,921$1,134$650$365$101
43 years$3,025$1,830$1,064$600$331$88
44 years$2,923$1,744$999$554$301$77
45 years$2,826$1,664$938$512$273$67
46 years$2,733$1,587$881$473$248$59
47 years$2,645$1,514$828$437$225$52
48 years$2,560$1,446$778$404$204$45
49 years$2,479$1,381$731$373$186$39
50 years$2,402$1,319$687$345$169$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,460,000, adding $5,292 every year, while hoping to spend $34,738 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: 62/33/5 Blend
72$2,460,000$2,460,000$2,460,000$2,460,000
73$2,716,379$2,585,999$2,547,869$2,882,352
74$2,956,488$2,675,752$2,596,261$3,083,415
75$3,219,925$2,768,738$2,645,111$3,298,213
76$3,509,031$2,865,080$2,694,396$3,531,737
77$3,826,387$2,964,904$2,744,093$3,785,792
78$4,174,836$3,068,342$2,794,178$4,062,365
79$4,557,509$3,175,530$2,844,622$4,363,641
80$4,977,854$3,286,610$2,895,396$4,692,024
81$5,439,672$3,401,732$2,946,469$5,050,162
82$5,947,150$3,521,047$2,997,807$5,440,964
83$6,504,898$3,644,717$3,049,372$5,867,636
84$7,117,997$3,772,907$3,101,125$6,333,705
85$7,792,044$3,905,792$3,153,025$6,843,052
86$8,533,207$4,043,550$3,205,025$7,399,952
87$9,348,279$4,186,369$3,257,078$8,009,108
88$10,244,746$4,334,443$3,309,133$8,675,700
89$11,230,855$4,487,976$3,361,134$9,405,431
90$12,315,693$4,647,178$3,413,023$10,204,579
91$13,509,273$4,812,269$3,464,739$11,080,057
92$14,822,625$4,983,476$3,516,214$12,039,478
93$16,267,905$5,161,039$3,567,379$13,091,227
94$17,858,504$5,345,202$3,618,159$14,244,534
95$19,609,179$5,536,225$3,668,475$15,509,568
96$21,536,191$5,734,375$3,718,244$16,897,525
97$23,657,453$5,939,931$3,767,377$18,420,740
98$25,992,709$6,153,183$3,815,779$20,092,795
99$28,563,710$6,374,434$3,863,352$21,928,653
100$31,394,425$6,603,998$3,909,991$23,944,794