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

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$211,402$209,519$207,682$205,889$204,138$203,022
2 years$104,655$102,706$100,817$98,985$97,209$96,082
3 years$69,077$67,119$65,235$63,421$61,673$60,572
4 years$51,291$49,340$47,474$45,691$43,986$42,917
5 years$40,623$38,683$36,842$35,095$33,437$32,405
6 years$33,513$31,588$29,774$28,066$26,458$25,464
7 years$28,436$26,527$24,742$23,074$21,517$20,561
8 years$24,630$22,739$20,983$19,357$17,851$16,933
9 years$21,672$19,798$18,073$16,488$15,033$14,153
10 years$19,307$17,451$15,756$14,212$12,809$11,967
11 years$17,373$15,536$13,872$12,369$11,016$10,211
12 years$15,762$13,944$12,311$10,849$9,546$8,778
13 years$14,400$12,601$10,999$9,578$8,324$7,592
14 years$13,234$11,454$9,883$8,503$7,297$6,599
15 years$12,224$10,464$8,923$7,583$6,425$5,761
16 years$11,342$9,600$8,090$6,790$5,678$5,047
17 years$10,564$8,841$7,361$6,100$5,035$4,436
18 years$9,873$8,170$6,720$5,498$4,477$3,909
19 years$9,256$7,572$6,152$4,968$3,990$3,452
20 years$8,701$7,036$5,646$4,499$3,564$3,055
21 years$8,199$6,554$5,193$4,083$3,190$2,708
22 years$7,744$6,118$4,786$3,713$2,859$2,404
23 years$7,329$5,722$4,419$3,381$2,566$2,138
24 years$6,949$5,361$4,087$3,084$2,307$1,903
25 years$6,600$5,031$3,785$2,816$2,076$1,695
26 years$6,278$4,728$3,511$2,575$1,870$1,512
27 years$5,981$4,450$3,260$2,357$1,686$1,349
28 years$5,706$4,193$3,031$2,160$1,521$1,205
29 years$5,450$3,956$2,820$1,980$1,373$1,077
30 years$5,211$3,736$2,627$1,817$1,241$963
31 years$4,988$3,532$2,449$1,669$1,122$862
32 years$4,780$3,342$2,285$1,534$1,015$771
33 years$4,585$3,164$2,134$1,411$918$690
34 years$4,401$2,999$1,993$1,298$832$618
35 years$4,229$2,845$1,864$1,195$753$554
36 years$4,066$2,700$1,743$1,100$682$497
37 years$3,912$2,564$1,632$1,014$619$445
38 years$3,767$2,437$1,528$935$561$399
39 years$3,630$2,317$1,432$862$509$358
40 years$3,500$2,205$1,342$795$461$321
41 years$3,376$2,099$1,258$733$418$288
42 years$3,259$1,999$1,180$677$380$259
43 years$3,148$1,905$1,108$625$345$232
44 years$3,042$1,815$1,040$577$313$208
45 years$2,941$1,731$976$533$284$187
46 years$2,844$1,651$917$492$258$168
47 years$2,752$1,576$861$455$234$151
48 years$2,664$1,504$809$420$213$135
49 years$2,580$1,437$761$388$193$122
50 years$2,499$1,372$715$359$175$109

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 $6,696 every year, while hoping to spend $50,425 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: 44/28/28 Blend
72$2,560,000$2,560,000$2,560,000$2,560,000
73$2,828,027$2,692,347$2,652,667$2,929,209
74$3,062,834$2,770,620$2,687,879$3,080,359
75$3,319,901$2,851,039$2,722,582$3,238,784
76$3,601,446$2,933,654$2,756,703$3,409,557
77$3,909,910$3,018,520$2,790,169$3,593,859
78$4,247,983$3,105,690$2,822,902$3,792,985
79$4,618,626$3,195,217$2,854,818$4,008,365
80$5,025,101$3,287,158$2,885,829$4,241,569
81$5,471,000$3,381,568$2,915,844$4,494,331
82$5,960,282$3,478,504$2,944,764$4,768,558
83$6,497,304$3,578,025$2,972,487$5,066,350
84$7,086,869$3,680,187$2,998,905$5,390,022
85$7,734,264$3,785,052$3,023,904$5,742,123
86$8,445,317$3,892,677$3,047,362$6,125,460
87$9,226,445$4,003,124$3,069,155$6,543,127
88$10,084,719$4,116,453$3,089,148$6,998,531
89$11,027,928$4,232,727$3,107,202$7,495,428
90$12,064,653$4,352,007$3,123,169$8,037,954
91$13,204,348$4,474,356$3,136,896$8,630,667
92$14,457,429$4,599,837$3,148,219$9,278,588
93$15,835,371$4,728,512$3,156,968$9,987,252
94$17,350,816$4,860,447$3,162,964$10,762,754
95$19,017,693$4,995,703$3,166,018$11,611,815
96$20,851,351$5,134,346$3,165,932$12,541,837
97$22,868,698$5,276,438$3,162,501$13,560,977
98$25,088,366$5,422,044$3,155,505$14,678,227
99$27,530,882$5,571,227$3,144,717$15,903,493
100$30,218,866$5,724,050$3,129,898$17,247,691