Can I retire at age 73 with 2,520,000?

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$208,099$206,246$204,437$202,672$200,948$198,027
2 years$103,019$101,101$99,241$97,438$95,690$92,753
3 years$67,997$66,070$64,216$62,430$60,709$57,848
4 years$50,490$48,569$46,733$44,977$43,299$40,535
5 years$39,988$38,079$36,266$34,547$32,915$30,257
6 years$32,989$31,094$29,309$27,627$26,044$23,495
7 years$27,992$26,113$24,356$22,714$21,181$18,741
8 years$24,246$22,383$20,655$19,054$17,572$15,241
9 years$21,333$19,489$17,791$16,230$14,798$12,576
10 years$19,005$17,178$15,510$13,990$12,609$10,493
11 years$17,101$15,293$13,655$12,176$10,844$8,832
12 years$15,516$13,726$12,118$10,680$9,397$7,488
13 years$14,175$12,404$10,827$9,429$8,194$6,384
14 years$13,027$11,275$9,728$8,370$7,183$5,470
15 years$12,033$10,300$8,783$7,464$6,325$4,705
16 years$11,165$9,450$7,963$6,683$5,590$4,060
17 years$10,399$8,703$7,246$6,005$4,956$3,514
18 years$9,719$8,042$6,615$5,412$4,407$3,048
19 years$9,111$7,453$6,056$4,890$3,928$2,650
20 years$8,565$6,926$5,558$4,429$3,508$2,307
21 years$8,071$6,451$5,112$4,019$3,140$2,012
22 years$7,623$6,022$4,711$3,655$2,814$1,757
23 years$7,214$5,632$4,350$3,328$2,526$1,536
24 years$6,840$5,277$4,023$3,036$2,271$1,344
25 years$6,497$4,952$3,726$2,772$2,043$1,177
26 years$6,180$4,654$3,456$2,535$1,840$1,032
27 years$5,888$4,380$3,209$2,320$1,659$905
28 years$5,617$4,128$2,983$2,126$1,497$794
29 years$5,364$3,894$2,776$1,949$1,352$697
30 years$5,130$3,677$2,586$1,789$1,222$612
31 years$4,910$3,476$2,411$1,643$1,104$538
32 years$4,705$3,289$2,249$1,510$999$473
33 years$4,513$3,115$2,100$1,389$904$416
34 years$4,332$2,952$1,962$1,278$819$366
35 years$4,162$2,800$1,835$1,176$741$322
36 years$4,002$2,658$1,716$1,083$672$283
37 years$3,851$2,524$1,606$998$609$249
38 years$3,708$2,399$1,504$920$552$219
39 years$3,573$2,281$1,409$848$501$193
40 years$3,445$2,170$1,321$782$454$170
41 years$3,324$2,066$1,239$722$412$150
42 years$3,208$1,968$1,162$666$374$132
43 years$3,099$1,875$1,090$615$339$116
44 years$2,994$1,787$1,023$568$308$102
45 years$2,895$1,704$961$524$280$90
46 years$2,800$1,626$903$484$254$79
47 years$2,709$1,551$848$447$230$70
48 years$2,622$1,481$797$414$209$61
49 years$2,540$1,414$749$382$190$54
50 years$2,460$1,351$704$353$173$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,520,000, adding $6,026 every year, while hoping to spend $50,869 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: 55/16/29 Blend
72$2,520,000$2,520,000$2,520,000$2,520,000
73$2,783,256$2,649,696$2,610,636$2,913,645
74$3,013,024$2,725,407$2,643,968$3,080,049
75$3,264,523$2,803,122$2,676,712$3,255,466
76$3,539,917$2,882,888$2,708,794$3,445,515
77$3,841,586$2,964,747$2,740,137$3,651,624
78$4,172,155$3,048,747$2,770,658$3,875,366
79$4,534,512$3,134,933$2,800,272$4,118,474
80$4,931,838$3,223,351$2,828,887$4,382,856
81$5,367,638$3,314,047$2,856,408$4,670,617
82$5,845,772$3,407,070$2,882,732$4,984,072
83$6,370,489$3,502,465$2,907,752$5,325,774
84$6,946,475$3,600,281$2,931,357$5,698,537
85$7,578,885$3,700,566$2,953,428$6,105,459
86$8,273,404$3,803,366$2,973,840$6,549,956
87$9,036,290$3,908,729$2,992,463$7,035,789
88$9,874,439$4,016,704$3,009,157$7,567,105
89$10,795,447$4,127,338$3,023,780$8,148,473
90$11,807,683$4,240,678$3,036,177$8,784,928
91$12,920,367$4,356,772$3,046,189$9,482,018
92$14,143,656$4,475,665$3,053,648$10,245,856
93$15,488,741$4,597,405$3,058,377$11,083,182
94$16,967,951$4,722,036$3,060,191$12,001,420
95$18,594,871$4,849,604$3,058,896$13,008,752
96$20,384,466$4,980,153$3,054,288$14,114,197
97$22,353,227$5,113,726$3,046,152$15,327,692
98$24,519,322$5,250,365$3,034,264$16,660,189
99$26,902,770$5,390,110$3,018,389$18,123,757
100$29,525,628$5,533,000$2,998,280$19,731,700