Can I retire at age 73 with 2,640,000?

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$218,009$216,067$214,172$212,323$210,517$209,454
2 years$107,925$105,915$103,967$102,078$100,246$99,173
3 years$71,235$69,217$67,274$65,403$63,600$62,551
4 years$52,894$50,882$48,958$47,119$45,360$44,342
5 years$41,892$39,892$37,993$36,192$34,482$33,499
6 years$34,560$32,575$30,704$28,943$27,285$26,337
7 years$29,325$27,356$25,515$23,796$22,190$21,278
8 years$25,400$23,449$21,639$19,961$18,408$17,533
9 years$22,349$20,417$18,638$17,003$15,503$14,663
10 years$19,910$17,996$16,249$14,657$13,209$12,406
11 years$17,916$16,021$14,305$12,756$11,360$10,592
12 years$16,255$14,380$12,695$11,188$9,844$9,111
13 years$14,850$12,995$11,343$9,878$8,585$7,885
14 years$13,648$11,812$10,191$8,768$7,525$6,858
15 years$12,606$10,791$9,201$7,820$6,626$5,991
16 years$11,696$9,900$8,342$7,002$5,856$5,253
17 years$10,894$9,118$7,591$6,291$5,192$4,619
18 years$10,181$8,425$6,930$5,669$4,617$4,073
19 years$9,545$7,808$6,344$5,123$4,115$3,600
20 years$8,973$7,256$5,822$4,640$3,676$3,188
21 years$8,455$6,759$5,355$4,211$3,289$2,828
22 years$7,986$6,309$4,936$3,829$2,948$2,513
23 years$7,558$5,901$4,557$3,487$2,647$2,236
24 years$7,166$5,528$4,215$3,180$2,379$1,991
25 years$6,806$5,188$3,904$2,904$2,141$1,776
26 years$6,475$4,876$3,620$2,656$1,928$1,585
27 years$6,168$4,589$3,362$2,431$1,738$1,416
28 years$5,884$4,324$3,125$2,227$1,569$1,265
29 years$5,620$4,079$2,908$2,042$1,416$1,132
30 years$5,374$3,852$2,709$1,874$1,280$1,013
31 years$5,144$3,642$2,526$1,721$1,157$907
32 years$4,929$3,446$2,356$1,582$1,047$812
33 years$4,728$3,263$2,200$1,455$947$728
34 years$4,539$3,093$2,056$1,339$858$653
35 years$4,361$2,934$1,922$1,232$777$585
36 years$4,193$2,784$1,798$1,135$704$525
37 years$4,035$2,645$1,683$1,046$638$471
38 years$3,885$2,513$1,576$964$578$423
39 years$3,743$2,390$1,476$889$524$379
40 years$3,609$2,274$1,384$820$476$341
41 years$3,482$2,164$1,298$756$432$306
42 years$3,361$2,061$1,217$698$392$275
43 years$3,246$1,964$1,142$644$355$247
44 years$3,137$1,872$1,072$595$323$222
45 years$3,032$1,785$1,007$549$293$199
46 years$2,933$1,703$946$507$266$179
47 years$2,838$1,625$888$469$241$161
48 years$2,747$1,551$835$433$219$145
49 years$2,661$1,482$785$400$199$130
50 years$2,578$1,415$738$370$181$117

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,640,000, adding $6,648 every year, while hoping to spend $57,952 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: 52/33/15 Blend
72$2,640,000$2,640,000$2,640,000$2,640,000
73$2,916,137$2,776,217$2,735,297$3,055,637
74$3,151,923$2,850,592$2,765,269$3,226,230
75$3,409,816$2,926,668$2,794,303$3,404,994
76$3,692,011$3,004,468$2,822,306$3,598,125
77$4,000,924$3,084,014$2,849,180$3,807,000
78$4,339,213$3,165,326$2,874,823$4,033,135
79$4,709,810$3,248,424$2,899,127$4,278,198
80$5,115,939$3,333,325$2,921,976$4,544,028
81$5,561,153$3,420,047$2,943,251$4,832,646
82$6,049,367$3,508,605$2,962,825$5,146,281
83$6,584,888$3,599,013$2,980,567$5,487,388
84$7,172,466$3,691,284$2,996,334$5,858,670
85$7,817,327$3,785,427$3,009,982$6,263,103
86$8,525,233$3,881,451$3,021,354$6,703,968
87$9,302,527$3,979,362$3,030,290$7,184,877
88$10,156,198$4,079,164$3,036,618$7,709,810
89$11,093,945$4,180,858$3,040,159$8,283,151
90$12,124,250$4,284,442$3,040,727$8,909,732
91$13,256,455$4,389,912$3,038,123$9,594,875
92$14,500,855$4,497,259$3,032,141$10,344,443
93$15,868,788$4,606,471$3,022,565$11,164,897
94$17,372,750$4,717,533$3,009,166$12,063,357
95$19,026,505$4,830,426$2,991,707$13,047,666
96$20,845,216$4,945,126$2,969,937$14,126,468
97$22,845,594$5,061,602$2,943,596$15,309,286
98$25,046,047$5,179,823$2,912,408$16,606,617
99$27,466,857$5,299,747$2,876,087$18,030,026
100$30,130,372$5,421,331$2,834,332$19,592,255