Can I retire at age 73 with 2,500,000?

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 $2,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$206,448$204,609$202,815$201,063$199,354$195,089
2 years$102,202$100,298$98,454$96,665$94,930$90,655
3 years$67,458$65,546$63,706$61,934$60,228$56,075
4 years$50,089$48,183$46,362$44,620$42,955$38,956
5 years$39,671$37,776$35,979$34,273$32,654$28,820
6 years$32,727$30,847$29,076$27,408$25,838$22,174
7 years$27,770$25,905$24,162$22,534$21,013$17,520
8 years$24,053$22,206$20,492$18,903$17,432$14,108
9 years$21,164$19,334$17,649$16,101$14,680$11,523
10 years$18,854$17,042$15,387$13,879$12,509$9,515
11 years$16,965$15,172$13,547$12,079$10,758$7,924
12 years$15,393$13,617$12,022$10,595$9,322$6,644
13 years$14,063$12,306$10,741$9,354$8,129$5,602
14 years$12,924$11,186$9,651$8,303$7,126$4,745
15 years$11,938$10,218$8,713$7,405$6,274$4,033
16 years$11,076$9,375$7,900$6,630$5,545$3,440
17 years$10,316$8,634$7,189$5,957$4,917$2,941
18 years$9,642$7,978$6,562$5,369$4,372$2,520
19 years$9,039$7,394$6,008$4,851$3,897$2,163
20 years$8,497$6,871$5,513$4,394$3,481$1,860
21 years$8,007$6,400$5,071$3,988$3,115$1,601
22 years$7,562$5,974$4,674$3,626$2,792$1,380
23 years$7,157$5,588$4,316$3,302$2,506$1,191
24 years$6,786$5,235$3,991$3,012$2,253$1,028
25 years$6,445$4,913$3,697$2,750$2,027$888
26 years$6,131$4,617$3,428$2,515$1,826$768
27 years$5,841$4,346$3,184$2,302$1,646$664
28 years$5,572$4,095$2,960$2,109$1,485$575
29 years$5,322$3,863$2,754$1,934$1,341$498
30 years$5,089$3,648$2,565$1,775$1,212$431
31 years$4,871$3,449$2,392$1,630$1,096$374
32 years$4,668$3,263$2,231$1,498$991$324
33 years$4,477$3,090$2,084$1,378$897$281
34 years$4,298$2,929$1,947$1,268$812$243
35 years$4,129$2,778$1,820$1,167$736$211
36 years$3,971$2,637$1,703$1,075$666$183
37 years$3,821$2,504$1,594$990$604$159
38 years$3,679$2,380$1,492$913$548$138
39 years$3,545$2,263$1,398$841$497$119
40 years$3,418$2,153$1,310$776$450$104
41 years$3,297$2,050$1,229$716$409$90
42 years$3,183$1,952$1,153$661$371$78
43 years$3,074$1,860$1,082$610$337$68
44 years$2,970$1,773$1,015$563$305$59
45 years$2,872$1,691$953$520$277$51
46 years$2,777$1,613$895$481$252$44
47 years$2,688$1,539$841$444$229$38
48 years$2,602$1,469$791$410$208$33
49 years$2,519$1,403$743$379$189$29
50 years$2,441$1,340$699$350$171$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,500,000, adding $3,480 every year, while hoping to spend $31,067 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: 76/19/5 Blend
72$2,500,000$2,500,000$2,500,000$2,500,000
73$2,758,590$2,626,090$2,587,340$2,967,163
74$3,006,911$2,721,713$2,640,960$3,200,210
75$3,279,519$2,820,981$2,695,336$3,451,212
76$3,578,860$2,924,038$2,750,460$3,725,400
77$3,907,626$3,031,038$2,806,322$4,025,058
78$4,268,782$3,142,138$2,862,913$4,352,703
79$4,665,598$3,257,503$2,920,221$4,711,104
80$5,101,674$3,377,305$2,978,233$5,103,309
81$5,580,975$3,501,723$3,036,934$5,532,675
82$6,107,871$3,630,944$3,096,307$6,002,899
83$6,687,176$3,765,163$3,156,336$6,518,049
84$7,324,193$3,904,581$3,216,999$7,082,608
85$8,024,767$4,049,411$3,278,274$7,701,511
86$8,795,334$4,199,874$3,340,137$8,380,191
87$9,642,989$4,356,198$3,402,562$9,124,635
88$10,575,546$4,518,624$3,465,520$9,941,435
89$11,601,616$4,687,401$3,528,980$10,837,850
90$12,730,688$4,862,791$3,592,907$11,821,877
91$13,973,214$5,045,064$3,657,266$12,902,324
92$15,340,715$5,234,504$3,722,017$14,088,892
93$16,845,880$5,431,408$3,787,118$15,392,269
94$18,502,696$5,636,083$3,852,522$16,824,225
95$20,326,571$5,848,850$3,918,181$18,397,727
96$22,334,483$6,070,047$3,984,043$20,127,061
97$24,545,143$6,300,021$4,050,051$22,027,962
98$26,979,165$6,539,140$4,116,145$24,117,767
99$29,659,266$6,787,784$4,182,261$26,415,572
100$32,610,476$7,046,350$4,248,332$28,942,419