Can I retire at age 73 with 2,470,000?

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 $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$203,970$202,153$200,381$198,651$196,961$195,720
2 years$100,975$99,095$97,272$95,505$93,791$92,539
3 years$66,648$64,760$62,942$61,191$59,505$58,281
4 years$49,488$47,605$45,805$44,085$42,439$41,253
5 years$39,195$37,323$35,547$33,861$32,262$31,116
6 years$32,335$30,477$28,727$27,079$25,528$24,424
7 years$27,436$25,595$23,872$22,263$20,761$19,700
8 years$23,765$21,939$20,246$18,676$17,223$16,205
9 years$20,910$19,102$17,438$15,908$14,504$13,529
10 years$18,628$16,838$15,202$13,713$12,358$11,426
11 years$16,762$14,989$13,384$11,934$10,629$9,737
12 years$15,208$13,454$11,878$10,468$9,211$8,360
13 years$13,894$12,158$10,612$9,242$8,032$7,221
14 years$12,769$11,052$9,535$8,204$7,041$6,269
15 years$11,795$10,096$8,609$7,316$6,199$5,465
16 years$10,943$9,263$7,805$6,551$5,479$4,782
17 years$10,192$8,531$7,102$5,886$4,858$4,197
18 years$9,526$7,883$6,484$5,304$4,319$3,693
19 years$8,930$7,306$5,935$4,793$3,850$3,257
20 years$8,395$6,789$5,447$4,341$3,439$2,878
21 years$7,911$6,323$5,010$3,940$3,077$2,548
22 years$7,472$5,903$4,618$3,582$2,758$2,258
23 years$7,071$5,521$4,264$3,262$2,476$2,005
24 years$6,705$5,172$3,943$2,975$2,226$1,782
25 years$6,368$4,854$3,652$2,717$2,003$1,585
26 years$6,058$4,562$3,387$2,485$1,804$1,411
27 years$5,771$4,293$3,145$2,274$1,626$1,258
28 years$5,505$4,046$2,924$2,084$1,468$1,121
29 years$5,258$3,817$2,721$1,911$1,325$1,001
30 years$5,028$3,604$2,535$1,754$1,197$893
31 years$4,813$3,407$2,363$1,611$1,083$798
32 years$4,612$3,224$2,205$1,480$979$713
33 years$4,423$3,053$2,058$1,361$886$637
34 years$4,246$2,894$1,923$1,252$802$570
35 years$4,080$2,745$1,798$1,153$727$510
36 years$3,923$2,605$1,682$1,062$658$456
37 years$3,775$2,474$1,574$978$597$408
38 years$3,635$2,351$1,474$902$541$365
39 years$3,502$2,236$1,381$831$491$327
40 years$3,377$2,127$1,295$767$445$293
41 years$3,258$2,025$1,214$707$404$262
42 years$3,145$1,929$1,139$653$366$235
43 years$3,037$1,838$1,069$603$332$211
44 years$2,935$1,752$1,003$557$302$189
45 years$2,837$1,670$942$514$274$169
46 years$2,744$1,593$885$475$249$152
47 years$2,655$1,521$831$439$226$136
48 years$2,570$1,452$781$405$205$122
49 years$2,489$1,386$734$375$186$109
50 years$2,412$1,324$690$346$169$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,470,000, adding $2,745 every year, while hoping to spend $45,425 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: 57/21/22 Blend
72$2,470,000$2,470,000$2,470,000$2,470,000
73$2,724,771$2,593,861$2,555,576$2,863,786
74$2,954,366$2,672,629$2,592,856$3,037,710
75$3,205,857$2,753,733$2,629,863$3,222,078
76$3,481,430$2,837,242$2,666,539$3,422,030
77$3,783,491$2,923,222$2,702,823$3,639,080
78$4,114,692$3,011,744$2,738,652$3,874,895
79$4,477,952$3,102,881$2,773,958$4,131,307
80$4,876,486$3,196,705$2,808,669$4,410,338
81$5,313,837$3,293,293$2,842,708$4,714,211
82$5,793,906$3,392,722$2,875,997$5,045,377
83$6,320,991$3,495,072$2,908,449$5,406,534
84$6,899,826$3,600,424$2,939,976$5,800,652
85$7,535,626$3,708,863$2,970,483$6,231,005
86$8,234,136$3,820,473$2,999,871$6,701,198
87$9,001,685$3,935,344$3,028,034$7,215,202
88$9,845,246$4,053,565$3,054,862$7,777,392
89$10,772,500$4,175,228$3,080,239$8,392,587
90$11,791,909$4,300,429$3,104,041$9,066,095
91$12,912,798$4,429,264$3,126,140$9,803,765
92$14,145,438$4,561,832$3,146,401$10,612,041
93$15,501,146$4,698,236$3,164,679$11,498,022
94$16,992,393$4,838,579$3,180,825$12,469,528
95$18,632,915$4,982,968$3,194,681$13,535,179
96$20,437,851$5,131,511$3,206,081$14,704,467
97$22,423,878$5,284,322$3,214,851$15,987,855
98$24,609,372$5,441,513$3,220,808$17,396,869
99$27,014,583$5,603,201$3,223,759$18,944,210
100$29,661,819$5,769,507$3,223,504$20,643,873