Can I retire at age 73 with 2,480,000?

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 $2,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$204,796$202,972$201,192$199,455$197,759$196,843
2 years$101,384$99,496$97,666$95,892$94,171$93,246
3 years$66,918$65,022$63,196$61,439$59,746$58,841
4 years$49,688$47,798$45,991$44,263$42,611$41,734
5 years$39,353$37,474$35,691$33,998$32,392$31,544
6 years$32,465$30,600$28,843$27,189$25,631$24,814
7 years$27,548$25,698$23,969$22,353$20,845$20,059
8 years$23,861$22,028$20,328$18,752$17,293$16,538
9 years$20,995$19,179$17,508$15,972$14,563$13,839
10 years$18,703$16,906$15,264$13,768$12,408$11,715
11 years$16,830$15,050$13,438$11,983$10,672$10,008
12 years$15,270$13,508$11,926$10,510$9,248$8,614
13 years$13,950$12,207$10,655$9,279$8,064$7,460
14 years$12,821$11,096$9,574$8,237$7,069$6,493
15 years$11,842$10,137$8,644$7,346$6,224$5,676
16 years$10,987$9,300$7,837$6,577$5,501$4,979
17 years$10,234$8,565$7,131$5,910$4,878$4,382
18 years$9,564$7,915$6,510$5,326$4,337$3,867
19 years$8,966$7,335$5,959$4,812$3,866$3,420
20 years$8,429$6,816$5,469$4,359$3,453$3,031
21 years$7,943$6,349$5,031$3,956$3,090$2,691
22 years$7,502$5,927$4,637$3,597$2,770$2,393
23 years$7,100$5,543$4,281$3,275$2,486$2,130
24 years$6,732$5,193$3,959$2,987$2,235$1,899
25 years$6,394$4,874$3,667$2,728$2,011$1,694
26 years$6,082$4,581$3,401$2,495$1,811$1,513
27 years$5,794$4,311$3,158$2,283$1,633$1,353
28 years$5,527$4,062$2,936$2,092$1,474$1,210
29 years$5,279$3,832$2,732$1,918$1,331$1,083
30 years$5,048$3,619$2,545$1,761$1,202$970
31 years$4,832$3,421$2,373$1,617$1,087$869
32 years$4,631$3,237$2,214$1,486$983$779
33 years$4,441$3,066$2,067$1,367$890$699
34 years$4,264$2,905$1,931$1,257$806$627
35 years$4,096$2,756$1,805$1,157$730$563
36 years$3,939$2,616$1,689$1,066$661$505
37 years$3,790$2,484$1,581$982$599$454
38 years$3,650$2,361$1,480$905$543$408
39 years$3,517$2,245$1,387$835$493$366
40 years$3,391$2,136$1,300$770$447$329
41 years$3,271$2,033$1,219$710$405$296
42 years$3,157$1,936$1,143$656$368$266
43 years$3,049$1,845$1,073$605$334$239
44 years$2,947$1,759$1,007$559$303$215
45 years$2,849$1,677$946$516$275$193
46 years$2,755$1,600$888$477$250$174
47 years$2,666$1,527$834$440$227$156
48 years$2,581$1,457$784$407$206$141
49 years$2,499$1,392$737$376$187$126
50 years$2,421$1,330$693$348$170$114

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,480,000, adding $3,060 every year, while hoping to spend $54,589 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: 57/24/19 Blend
72$2,480,000$2,480,000$2,480,000$2,480,000
73$2,736,116$2,604,676$2,566,236$2,878,096
74$2,957,118$2,674,223$2,594,123$3,044,571
75$3,198,832$2,745,348$2,621,114$3,219,748
76$3,463,314$2,818,071$2,647,123$3,409,439
77$3,752,826$2,892,411$2,672,055$3,615,053
78$4,069,861$2,968,385$2,695,815$3,838,142
79$4,417,162$3,046,011$2,718,300$4,080,411
80$4,797,751$3,125,304$2,739,402$4,343,744
81$5,214,956$3,206,279$2,759,007$4,630,211
82$5,672,443$3,288,948$2,776,995$4,942,095
83$6,174,249$3,373,323$2,793,241$5,281,911
84$6,724,820$3,459,414$2,807,612$5,652,428
85$7,329,055$3,547,229$2,819,971$6,056,697
86$7,992,348$3,636,773$2,830,169$6,498,081
87$8,720,643$3,728,050$2,838,055$6,980,283
88$9,520,486$3,821,061$2,843,467$7,507,384
89$10,399,088$3,915,806$2,846,236$8,083,881
90$11,364,394$4,012,280$2,846,184$8,714,729
91$12,425,157$4,110,476$2,843,126$9,405,387
92$13,591,017$4,210,384$2,836,865$10,161,870
93$14,872,598$4,311,989$2,827,197$10,990,808
94$16,281,602$4,415,276$2,813,907$11,899,505
95$17,830,922$4,520,221$2,796,770$12,896,010
96$19,534,764$4,626,800$2,775,549$13,989,194
97$21,408,778$4,734,981$2,749,998$15,188,831
98$23,470,207$4,844,729$2,719,857$16,505,694
99$25,738,051$4,956,003$2,684,855$17,951,653
100$28,233,242$5,068,758$2,644,708$19,539,789