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%13.1%
1 years$204,796$202,972$201,192$199,455$197,759$195,207
2 years$101,384$99,496$97,666$95,892$94,171$91,603
3 years$66,918$65,022$63,196$61,439$59,746$57,243
4 years$49,688$47,798$45,991$44,263$42,611$40,192
5 years$39,353$37,474$35,691$33,998$32,392$30,063
6 years$32,465$30,600$28,843$27,189$25,631$23,396
7 years$27,548$25,698$23,969$22,353$20,845$18,704
8 years$23,861$22,028$20,328$18,752$17,293$15,246
9 years$20,995$19,179$17,508$15,972$14,563$12,609
10 years$18,703$16,906$15,264$13,768$12,408$10,546
11 years$16,830$15,050$13,438$11,983$10,672$8,900
12 years$15,270$13,508$11,926$10,510$9,248$7,564
13 years$13,950$12,207$10,655$9,279$8,064$6,466
14 years$12,821$11,096$9,574$8,237$7,069$5,555
15 years$11,842$10,137$8,644$7,346$6,224$4,791
16 years$10,987$9,300$7,837$6,577$5,501$4,146
17 years$10,234$8,565$7,131$5,910$4,878$3,598
18 years$9,564$7,915$6,510$5,326$4,337$3,130
19 years$8,966$7,335$5,959$4,812$3,866$2,729
20 years$8,429$6,816$5,469$4,359$3,453$2,384
21 years$7,943$6,349$5,031$3,956$3,090$2,085
22 years$7,502$5,927$4,637$3,597$2,770$1,826
23 years$7,100$5,543$4,281$3,275$2,486$1,601
24 years$6,732$5,193$3,959$2,987$2,235$1,406
25 years$6,394$4,874$3,667$2,728$2,011$1,235
26 years$6,082$4,581$3,401$2,495$1,811$1,086
27 years$5,794$4,311$3,158$2,283$1,633$955
28 years$5,527$4,062$2,936$2,092$1,474$841
29 years$5,279$3,832$2,732$1,918$1,331$741
30 years$5,048$3,619$2,545$1,761$1,202$653
31 years$4,832$3,421$2,373$1,617$1,087$576
32 years$4,631$3,237$2,214$1,486$983$508
33 years$4,441$3,066$2,067$1,367$890$448
34 years$4,264$2,905$1,931$1,257$806$395
35 years$4,096$2,756$1,805$1,157$730$349
36 years$3,939$2,616$1,689$1,066$661$308
37 years$3,790$2,484$1,581$982$599$272
38 years$3,650$2,361$1,480$905$543$240
39 years$3,517$2,245$1,387$835$493$212
40 years$3,391$2,136$1,300$770$447$187
41 years$3,271$2,033$1,219$710$405$165
42 years$3,157$1,936$1,143$656$368$146
43 years$3,049$1,845$1,073$605$334$129
44 years$2,947$1,759$1,007$559$303$114
45 years$2,849$1,677$946$516$275$101
46 years$2,755$1,600$888$477$250$89
47 years$2,666$1,527$834$440$227$79
48 years$2,581$1,457$784$407$206$70
49 years$2,499$1,392$737$376$187$62
50 years$2,421$1,330$693$348$170$54

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 $4,180 every year, while hoping to spend $43,407 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: 69/14/17 Blend
72$2,480,000$2,480,000$2,480,000$2,480,000
73$2,737,272$2,605,832$2,567,392$2,914,779
74$2,970,289$2,687,333$2,607,215$3,115,115
75$3,225,619$2,771,372$2,646,917$3,328,701
76$3,505,492$2,858,030$2,686,448$3,561,307
77$3,812,364$2,947,385$2,725,756$3,814,803
78$4,148,940$3,039,522$2,764,784$4,091,250
79$4,518,200$3,134,527$2,803,473$4,392,915
80$4,923,426$3,232,488$2,841,759$4,722,294
81$5,368,232$3,333,497$2,879,575$5,082,140
82$5,856,601$3,437,648$2,916,850$5,475,480
83$6,392,920$3,545,038$2,953,509$5,905,653
84$6,982,019$3,655,766$2,989,474$6,376,332
85$7,629,223$3,769,937$3,024,659$6,891,567
86$8,340,396$3,887,655$3,058,977$7,455,815
87$9,121,997$4,009,031$3,092,333$8,073,990
88$9,981,144$4,134,177$3,124,630$8,751,503
89$10,925,679$4,263,210$3,155,763$9,494,314
90$11,964,239$4,396,248$3,185,622$10,308,990
91$13,106,343$4,533,416$3,214,092$11,202,768
92$14,362,477$4,674,840$3,241,051$12,183,618
93$15,744,194$4,820,652$3,266,370$13,260,321
94$17,264,224$4,970,986$3,289,916$14,442,553
95$18,936,591$5,125,981$3,311,545$15,740,975
96$20,776,750$5,285,780$3,331,108$17,167,332
97$22,801,726$5,450,531$3,348,448$18,734,564
98$25,030,281$5,620,386$3,363,400$20,456,931
99$27,483,087$5,795,502$3,375,790$22,350,143
100$30,182,919$5,976,039$3,385,437$24,431,512