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%11.5%
1 years$211,402$209,519$207,682$205,889$204,138$202,851
2 years$104,655$102,706$100,817$98,985$97,209$95,911
3 years$69,077$67,119$65,235$63,421$61,673$60,404
4 years$51,291$49,340$47,474$45,691$43,986$42,756
5 years$40,623$38,683$36,842$35,095$33,437$32,250
6 years$33,513$31,588$29,774$28,066$26,458$25,314
7 years$28,436$26,527$24,742$23,074$21,517$20,418
8 years$24,630$22,739$20,983$19,357$17,851$16,796
9 years$21,672$19,798$18,073$16,488$15,033$14,022
10 years$19,307$17,451$15,756$14,212$12,809$11,842
11 years$17,373$15,536$13,872$12,369$11,016$10,092
12 years$15,762$13,944$12,311$10,849$9,546$8,665
13 years$14,400$12,601$10,999$9,578$8,324$7,484
14 years$13,234$11,454$9,883$8,503$7,297$6,497
15 years$12,224$10,464$8,923$7,583$6,425$5,664
16 years$11,342$9,600$8,090$6,790$5,678$4,956
17 years$10,564$8,841$7,361$6,100$5,035$4,350
18 years$9,873$8,170$6,720$5,498$4,477$3,827
19 years$9,256$7,572$6,152$4,968$3,990$3,376
20 years$8,701$7,036$5,646$4,499$3,564$2,983
21 years$8,199$6,554$5,193$4,083$3,190$2,640
22 years$7,744$6,118$4,786$3,713$2,859$2,341
23 years$7,329$5,722$4,419$3,381$2,566$2,078
24 years$6,949$5,361$4,087$3,084$2,307$1,847
25 years$6,600$5,031$3,785$2,816$2,076$1,643
26 years$6,278$4,728$3,511$2,575$1,870$1,463
27 years$5,981$4,450$3,260$2,357$1,686$1,303
28 years$5,706$4,193$3,031$2,160$1,521$1,162
29 years$5,450$3,956$2,820$1,980$1,373$1,037
30 years$5,211$3,736$2,627$1,817$1,241$926
31 years$4,988$3,532$2,449$1,669$1,122$827
32 years$4,780$3,342$2,285$1,534$1,015$739
33 years$4,585$3,164$2,134$1,411$918$661
34 years$4,401$2,999$1,993$1,298$832$591
35 years$4,229$2,845$1,864$1,195$753$528
36 years$4,066$2,700$1,743$1,100$682$473
37 years$3,912$2,564$1,632$1,014$619$423
38 years$3,767$2,437$1,528$935$561$379
39 years$3,630$2,317$1,432$862$509$339
40 years$3,500$2,205$1,342$795$461$304
41 years$3,376$2,099$1,258$733$418$272
42 years$3,259$1,999$1,180$677$380$244
43 years$3,148$1,905$1,108$625$345$218
44 years$3,042$1,815$1,040$577$313$196
45 years$2,941$1,731$976$533$284$175
46 years$2,844$1,651$917$492$258$157
47 years$2,752$1,576$861$455$234$141
48 years$2,664$1,504$809$420$213$126
49 years$2,580$1,437$761$388$193$113
50 years$2,499$1,372$715$359$175$101

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 $2,936 every year, while hoping to spend $38,556 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: 69/11/20 Blend
72$2,560,000$2,560,000$2,560,000$2,560,000
73$2,824,148$2,688,468$2,648,788$3,004,903
74$3,071,188$2,779,180$2,696,500$3,216,709
75$3,342,134$2,873,044$2,744,517$3,443,594
76$3,639,383$2,970,175$2,792,810$3,690,916
77$3,965,577$3,070,690$2,841,345$3,960,692
78$4,323,624$3,174,713$2,890,089$4,255,139
79$4,716,729$3,282,369$2,939,002$4,576,702
80$5,148,422$3,393,792$2,988,045$4,928,071
81$5,622,591$3,509,117$3,037,175$5,312,210
82$6,143,520$3,628,488$3,086,345$5,732,384
83$6,715,927$3,752,053$3,135,505$6,192,188
84$7,345,012$3,879,963$3,184,605$6,695,580
85$8,036,501$4,012,379$3,233,587$7,246,924
86$8,796,704$4,149,466$3,282,392$7,851,024
87$9,632,573$4,291,395$3,330,958$8,513,172
88$10,551,767$4,438,345$3,379,216$9,239,200
89$11,562,724$4,590,500$3,427,097$10,035,530
90$12,674,741$4,748,054$3,474,523$10,909,238
91$13,898,061$4,911,205$3,521,416$11,868,120
92$15,243,970$5,080,161$3,567,691$12,920,764
93$16,724,904$5,255,138$3,613,257$14,076,631
94$18,354,563$5,436,359$3,658,020$15,346,148
95$20,148,045$5,624,056$3,701,880$16,740,798
96$22,121,983$5,818,473$3,744,731$18,273,237
97$24,294,707$6,019,860$3,786,461$19,957,406
98$26,686,411$6,228,477$3,826,952$21,808,670
99$29,319,349$6,444,596$3,866,078$23,843,953
100$32,218,040$6,668,499$3,903,710$26,081,906