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

Use the below retirement simulation to view the chances of a successful retirement.
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%18%
1 years$204,796$202,972$201,192$199,455$197,759$191,352
2 years$101,384$99,496$97,666$95,892$94,171$87,776
3 years$66,918$65,022$63,196$61,439$59,746$53,564
4 years$49,688$47,798$45,991$44,263$42,611$36,690
5 years$39,353$37,474$35,691$33,998$32,392$26,747
6 years$32,465$30,600$28,843$27,189$25,631$20,266
7 years$27,548$25,698$23,969$22,353$20,845$15,760
8 years$23,861$22,028$20,328$18,752$17,293$12,485
9 years$20,995$19,179$17,508$15,972$14,563$10,026
10 years$18,703$16,906$15,264$13,768$12,408$8,135
11 years$16,830$15,050$13,438$11,983$10,672$6,655
12 years$15,270$13,508$11,926$10,510$9,248$5,478
13 years$13,950$12,207$10,655$9,279$8,064$4,532
14 years$12,821$11,096$9,574$8,237$7,069$3,765
15 years$11,842$10,137$8,644$7,346$6,224$3,139
16 years$10,987$9,300$7,837$6,577$5,501$2,623
17 years$10,234$8,565$7,131$5,910$4,878$2,198
18 years$9,564$7,915$6,510$5,326$4,337$1,845
19 years$8,966$7,335$5,959$4,812$3,866$1,550
20 years$8,429$6,816$5,469$4,359$3,453$1,305
21 years$7,943$6,349$5,031$3,956$3,090$1,100
22 years$7,502$5,927$4,637$3,597$2,770$927
23 years$7,100$5,543$4,281$3,275$2,486$783
24 years$6,732$5,193$3,959$2,987$2,235$661
25 years$6,394$4,874$3,667$2,728$2,011$559
26 years$6,082$4,581$3,401$2,495$1,811$472
27 years$5,794$4,311$3,158$2,283$1,633$399
28 years$5,527$4,062$2,936$2,092$1,474$338
29 years$5,279$3,832$2,732$1,918$1,331$286
30 years$5,048$3,619$2,545$1,761$1,202$242
31 years$4,832$3,421$2,373$1,617$1,087$205
32 years$4,631$3,237$2,214$1,486$983$173
33 years$4,441$3,066$2,067$1,367$890$147
34 years$4,264$2,905$1,931$1,257$806$124
35 years$4,096$2,756$1,805$1,157$730$105
36 years$3,939$2,616$1,689$1,066$661$89
37 years$3,790$2,484$1,581$982$599$76
38 years$3,650$2,361$1,480$905$543$64
39 years$3,517$2,245$1,387$835$493$54
40 years$3,391$2,136$1,300$770$447$46
41 years$3,271$2,033$1,219$710$405$39
42 years$3,157$1,936$1,143$656$368$33
43 years$3,049$1,845$1,073$605$334$28
44 years$2,947$1,759$1,007$559$303$24
45 years$2,849$1,677$946$516$275$20
46 years$2,755$1,600$888$477$250$17
47 years$2,666$1,527$834$440$227$14
48 years$2,581$1,457$784$407$206$12
49 years$2,499$1,392$737$376$187$10
50 years$2,421$1,330$693$348$170$9

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 $5,180 every year, while hoping to spend $47,398 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: 70/6/24 Blend
72$2,480,000$2,480,000$2,480,000$2,480,000
73$2,738,303$2,606,863$2,568,423$2,913,035
74$2,967,179$2,684,168$2,604,034$3,107,883
75$3,217,812$2,763,673$2,639,250$3,315,090
76$3,492,370$2,845,435$2,674,006$3,540,787
77$3,793,243$2,929,512$2,708,237$3,786,802
78$4,123,062$3,015,966$2,741,871$4,055,152
79$4,484,724$3,104,858$2,774,833$4,348,057
80$4,881,420$3,196,251$2,807,045$4,667,963
81$5,316,666$3,290,208$2,838,422$5,017,566
82$5,794,333$3,386,796$2,868,876$5,399,834
83$6,318,687$3,486,080$2,898,315$5,818,039
84$6,894,424$3,588,129$2,926,640$6,275,785
85$7,526,721$3,693,013$2,953,747$6,777,042
86$8,221,277$3,800,801$2,979,528$7,326,185
87$8,984,373$3,911,566$3,003,868$7,928,036
88$9,822,927$4,025,381$3,026,646$8,587,906
89$10,744,562$4,142,321$3,047,735$9,311,648
90$11,757,674$4,262,461$3,067,000$10,105,711
91$12,871,513$4,385,879$3,084,302$10,977,202
92$14,096,274$4,512,653$3,099,492$11,933,950
93$15,443,183$4,642,862$3,112,415$12,984,586
94$16,924,613$4,776,588$3,122,906$14,138,616
95$18,554,196$4,913,913$3,130,796$15,406,520
96$20,346,949$5,054,920$3,135,902$16,799,842
97$22,319,420$5,199,693$3,138,037$18,331,306
98$24,489,841$5,348,318$3,137,002$20,014,934
99$26,878,301$5,500,882$3,132,587$21,866,175
100$29,506,934$5,657,472$3,124,576$23,902,055