Can I retire at age 73 with 2,560,000?

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 $2,560,000?

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$211,402$209,519$207,682$205,889$204,138$199,771
2 years$104,655$102,706$100,817$98,985$97,209$92,831
3 years$69,077$67,119$65,235$63,421$61,673$57,420
4 years$51,291$49,340$47,474$45,691$43,986$39,891
5 years$40,623$38,683$36,842$35,095$33,437$29,512
6 years$33,513$31,588$29,774$28,066$26,458$22,706
7 years$28,436$26,527$24,742$23,074$21,517$17,940
8 years$24,630$22,739$20,983$19,357$17,851$14,447
9 years$21,672$19,798$18,073$16,488$15,033$11,800
10 years$19,307$17,451$15,756$14,212$12,809$9,743
11 years$17,373$15,536$13,872$12,369$11,016$8,114
12 years$15,762$13,944$12,311$10,849$9,546$6,804
13 years$14,400$12,601$10,999$9,578$8,324$5,736
14 years$13,234$11,454$9,883$8,503$7,297$4,858
15 years$12,224$10,464$8,923$7,583$6,425$4,130
16 years$11,342$9,600$8,090$6,790$5,678$3,522
17 years$10,564$8,841$7,361$6,100$5,035$3,011
18 years$9,873$8,170$6,720$5,498$4,477$2,580
19 years$9,256$7,572$6,152$4,968$3,990$2,215
20 years$8,701$7,036$5,646$4,499$3,564$1,904
21 years$8,199$6,554$5,193$4,083$3,190$1,640
22 years$7,744$6,118$4,786$3,713$2,859$1,413
23 years$7,329$5,722$4,419$3,381$2,566$1,219
24 years$6,949$5,361$4,087$3,084$2,307$1,053
25 years$6,600$5,031$3,785$2,816$2,076$910
26 years$6,278$4,728$3,511$2,575$1,870$787
27 years$5,981$4,450$3,260$2,357$1,686$680
28 years$5,706$4,193$3,031$2,160$1,521$589
29 years$5,450$3,956$2,820$1,980$1,373$510
30 years$5,211$3,736$2,627$1,817$1,241$442
31 years$4,988$3,532$2,449$1,669$1,122$383
32 years$4,780$3,342$2,285$1,534$1,015$332
33 years$4,585$3,164$2,134$1,411$918$287
34 years$4,401$2,999$1,993$1,298$832$249
35 years$4,229$2,845$1,864$1,195$753$216
36 years$4,066$2,700$1,743$1,100$682$187
37 years$3,912$2,564$1,632$1,014$619$163
38 years$3,767$2,437$1,528$935$561$141
39 years$3,630$2,317$1,432$862$509$122
40 years$3,500$2,205$1,342$795$461$106
41 years$3,376$2,099$1,258$733$418$92
42 years$3,259$1,999$1,180$677$380$80
43 years$3,148$1,905$1,108$625$345$69
44 years$3,042$1,815$1,040$577$313$60
45 years$2,941$1,731$976$533$284$52
46 years$2,844$1,651$917$492$258$45
47 years$2,752$1,576$861$455$234$39
48 years$2,664$1,504$809$420$213$34
49 years$2,580$1,437$761$388$193$30
50 years$2,499$1,372$715$359$175$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,560,000, adding $4,963 every year, while hoping to spend $22,251 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: 53/20/27 Blend
72$2,560,000$2,560,000$2,560,000$2,560,000
73$2,826,239$2,690,559$2,650,879$2,954,514
74$3,090,841$2,798,722$2,716,009$3,152,023
75$3,381,686$2,911,439$2,782,575$3,364,171
76$3,701,428$3,028,909$2,850,601$3,594,604
77$4,052,990$3,151,342$2,920,113$3,845,078
78$4,439,593$3,278,956$2,991,135$4,117,529
79$4,864,786$3,411,979$3,063,691$4,414,083
80$5,332,477$3,550,649$3,137,808$4,737,081
81$5,846,974$3,695,216$3,213,509$5,089,098
82$6,413,024$3,845,939$3,290,820$5,472,968
83$7,035,855$4,003,093$3,369,765$5,891,808
84$7,721,229$4,166,961$3,450,369$6,349,051
85$8,475,494$4,337,841$3,532,656$6,848,474
86$9,305,644$4,516,046$3,616,650$7,394,234
87$10,219,389$4,701,901$3,702,377$7,990,908
88$11,225,219$4,895,747$3,789,859$8,643,535
89$12,332,493$5,097,940$3,879,120$9,357,661
90$13,551,521$5,308,853$3,970,185$10,139,394
91$14,893,665$5,528,875$4,063,075$10,995,457
92$16,371,444$5,758,415$4,157,813$11,933,254
93$17,998,653$5,997,900$4,254,422$12,960,939
94$19,790,494$6,247,775$4,352,923$14,087,490
95$21,763,715$6,508,507$4,453,337$15,322,792
96$23,936,774$6,780,584$4,555,684$16,677,735
97$26,330,011$7,064,518$4,659,985$18,164,310
98$28,965,835$7,360,843$4,766,257$19,795,724
99$31,868,944$7,670,117$4,874,520$21,586,524
100$35,066,550$7,992,927$4,984,791$23,552,732