Can I retire at age 73 with 2,550,000?

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$210,577$208,701$206,871$205,085$203,341$197,863
2 years$104,246$102,304$100,423$98,598$96,829$91,350
3 years$68,807$66,857$64,980$63,173$61,432$56,123
4 years$51,091$49,147$47,289$45,513$43,814$38,715
5 years$40,464$38,532$36,698$34,958$33,307$28,432
6 years$33,382$31,464$29,658$27,956$26,354$21,709
7 years$28,325$26,424$24,646$22,984$21,433$17,017
8 years$24,534$22,650$20,901$19,281$17,781$13,592
9 years$21,587$19,721$18,002$16,423$14,974$11,008
10 years$19,231$17,383$15,695$14,157$12,759$9,011
11 years$17,305$15,475$13,818$12,321$10,973$7,438
12 years$15,701$13,889$12,263$10,807$9,509$6,180
13 years$14,344$12,552$10,956$9,541$8,292$5,162
14 years$13,183$11,409$9,844$8,469$7,269$4,330
15 years$12,177$10,423$8,888$7,553$6,400$3,645
16 years$11,297$9,563$8,058$6,763$5,656$3,077
17 years$10,522$8,807$7,332$6,077$5,015$2,605
18 years$9,834$8,138$6,694$5,476$4,459$2,209
19 years$9,219$7,542$6,128$4,948$3,975$1,876
20 years$8,667$7,009$5,624$4,482$3,550$1,596
21 years$8,167$6,528$5,173$4,067$3,177$1,360
22 years$7,714$6,094$4,767$3,698$2,848$1,159
23 years$7,300$5,699$4,402$3,368$2,556$989
24 years$6,922$5,340$4,071$3,072$2,298$845
25 years$6,574$5,011$3,771$2,805$2,068$722
26 years$6,254$4,710$3,497$2,565$1,862$617
27 years$5,958$4,433$3,247$2,348$1,679$528
28 years$5,683$4,177$3,019$2,151$1,515$452
29 years$5,428$3,940$2,809$1,973$1,368$387
30 years$5,191$3,721$2,617$1,810$1,236$331
31 years$4,969$3,518$2,439$1,663$1,118$283
32 years$4,761$3,328$2,276$1,528$1,011$243
33 years$4,567$3,152$2,125$1,405$915$208
34 years$4,384$2,988$1,986$1,293$828$178
35 years$4,212$2,834$1,856$1,190$750$153
36 years$4,050$2,690$1,737$1,096$680$131
37 years$3,897$2,554$1,625$1,010$616$112
38 years$3,753$2,428$1,522$931$559$96
39 years$3,616$2,308$1,426$858$507$82
40 years$3,486$2,196$1,337$792$459$71
41 years$3,363$2,091$1,253$730$417$61
42 years$3,247$1,991$1,176$674$378$52
43 years$3,135$1,897$1,103$622$343$45
44 years$3,030$1,808$1,036$575$312$38
45 years$2,929$1,724$972$531$283$33
46 years$2,833$1,645$913$490$257$28
47 years$2,741$1,570$858$453$233$24
48 years$2,654$1,499$806$418$212$21
49 years$2,570$1,431$758$387$192$18
50 years$2,490$1,367$713$357$175$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,550,000, adding $2,955 every year, while hoping to spend $28,049 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: 37/33/30 Blend
72$2,550,000$2,550,000$2,550,000$2,550,000
73$2,813,148$2,677,998$2,638,473$2,891,939
74$3,070,245$2,779,376$2,697,018$3,052,118
75$3,352,626$2,884,781$2,756,584$3,222,273
76$3,662,840$2,994,382$2,817,176$3,405,548
77$4,003,696$3,108,353$2,878,797$3,603,152
78$4,378,288$3,226,876$2,941,451$3,816,409
79$4,790,023$3,350,143$3,005,140$4,046,776
80$5,242,658$3,478,353$3,069,865$4,295,853
81$5,740,329$3,611,712$3,135,625$4,565,400
82$6,287,594$3,750,438$3,202,420$4,857,349
83$6,889,476$3,894,756$3,270,249$5,173,827
84$7,551,507$4,044,904$3,339,106$5,517,168
85$8,279,783$4,201,126$3,408,989$5,889,944
86$9,081,021$4,363,682$3,479,890$6,294,980
87$9,962,621$4,532,838$3,551,802$6,735,385
88$10,932,738$4,708,877$3,624,717$7,214,576
89$12,000,355$4,892,090$3,698,623$7,736,317
90$13,175,372$5,082,783$3,773,508$8,304,745
91$14,468,697$5,281,277$3,849,358$8,924,413
92$15,892,348$5,487,903$3,926,155$9,600,334
93$17,459,569$5,703,012$4,003,883$10,338,021
94$19,184,952$5,926,966$4,082,520$11,143,545
95$21,084,576$6,160,146$4,162,043$12,023,585
96$23,176,158$6,402,949$4,242,427$12,985,497
97$25,479,222$6,655,789$4,323,644$14,037,374
98$28,015,280$6,919,100$4,405,663$15,188,129
99$30,808,037$7,193,334$4,488,451$16,447,574
100$33,883,613$7,478,965$4,571,971$17,826,513