Can I retire at age 73 with 2,650,000?

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$218,835$216,885$214,983$213,127$211,315$204,224
2 years$108,334$106,316$104,361$102,465$100,626$93,552
3 years$71,505$69,479$67,528$65,650$63,841$57,006
4 years$53,094$51,074$49,143$47,297$45,532$38,988
5 years$42,051$40,043$38,137$36,329$34,613$28,378
6 years$34,691$32,698$30,821$29,053$27,388$21,466
7 years$29,436$27,460$25,612$23,886$22,274$16,665
8 years$25,496$23,538$21,721$20,037$18,478$13,178
9 years$22,434$20,494$18,708$17,067$15,561$10,563
10 years$19,985$18,065$16,310$14,712$13,259$8,555
11 years$17,983$16,082$14,359$12,804$11,403$6,984
12 years$16,316$14,434$12,744$11,231$9,882$5,738
13 years$14,907$13,044$11,386$9,915$8,617$4,738
14 years$13,699$11,857$10,230$8,801$7,554$3,928
15 years$12,654$10,831$9,236$7,849$6,651$3,267
16 years$11,740$9,938$8,374$7,028$5,878$2,725
17 years$10,935$9,152$7,620$6,315$5,212$2,278
18 years$10,220$8,457$6,956$5,691$4,634$1,907
19 years$9,581$7,838$6,368$5,142$4,131$1,600
20 years$9,007$7,283$5,844$4,657$3,689$1,343
21 years$8,487$6,784$5,376$4,227$3,302$1,129
22 years$8,016$6,333$4,954$3,843$2,959$950
23 years$7,587$5,923$4,575$3,500$2,657$800
24 years$7,193$5,549$4,231$3,192$2,388$674
25 years$6,832$5,208$3,918$2,915$2,149$568
26 years$6,499$4,895$3,634$2,666$1,935$479
27 years$6,192$4,606$3,375$2,440$1,745$404
28 years$5,906$4,341$3,137$2,235$1,575$341
29 years$5,641$4,095$2,919$2,050$1,422$288
30 years$5,394$3,867$2,719$1,881$1,285$243
31 years$5,164$3,656$2,535$1,728$1,161$205
32 years$4,948$3,459$2,365$1,588$1,051$173
33 years$4,746$3,276$2,209$1,460$951$146
34 years$4,556$3,105$2,064$1,344$861$124
35 years$4,377$2,945$1,929$1,237$780$105
36 years$4,209$2,795$1,805$1,139$706$88
37 years$4,050$2,655$1,689$1,050$640$75
38 years$3,900$2,523$1,582$967$580$63
39 years$3,758$2,399$1,482$892$526$53
40 years$3,623$2,282$1,389$823$477$45
41 years$3,495$2,173$1,303$759$433$38
42 years$3,374$2,069$1,222$701$393$32
43 years$3,258$1,971$1,147$647$357$27
44 years$3,149$1,879$1,076$597$324$23
45 years$3,044$1,792$1,011$551$294$19
46 years$2,944$1,710$949$509$267$16
47 years$2,849$1,631$892$471$242$14
48 years$2,758$1,557$838$435$220$12
49 years$2,671$1,487$788$402$200$10
50 years$2,587$1,421$740$371$182$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,650,000, adding $4,526 every year, while hoping to spend $36,980 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: 62/8/30 Blend
72$2,650,000$2,650,000$2,650,000$2,650,000
73$2,924,969$2,784,519$2,743,444$3,082,377
74$3,183,969$2,881,614$2,796,002$3,287,178
75$3,468,148$2,982,227$2,849,083$3,506,338
76$3,780,035$3,086,492$2,902,663$3,744,892
77$4,122,415$3,194,547$2,956,719$4,004,750
78$4,498,358$3,306,536$3,011,226$4,288,013
79$4,911,244$3,422,610$3,066,155$4,596,993
80$5,364,798$3,542,924$3,121,478$4,934,240
81$5,863,120$3,667,641$3,177,161$5,302,560
82$6,410,732$3,796,929$3,233,169$5,705,044
83$7,012,612$3,930,963$3,289,465$6,145,098
84$7,674,245$4,069,927$3,346,009$6,626,472
85$8,401,674$4,214,010$3,402,757$7,153,297
86$9,201,558$4,363,409$3,459,662$7,730,126
87$10,081,232$4,518,331$3,516,676$8,361,971
88$11,048,778$4,678,990$3,573,744$9,054,357
89$12,113,100$4,845,607$3,630,811$9,813,368
90$13,284,009$5,018,415$3,687,817$10,645,709
91$14,572,315$5,197,654$3,744,696$11,558,766
92$15,989,929$5,383,577$3,801,381$12,560,676
93$17,549,973$5,576,444$3,857,799$13,660,406
94$19,266,908$5,776,527$3,913,872$14,867,833
95$21,156,665$5,984,109$3,969,519$16,193,842
96$23,236,800$6,199,486$4,024,654$17,650,426
97$25,526,657$6,422,964$4,079,183$19,250,799
98$28,047,550$6,654,863$4,133,010$21,009,519
99$30,822,965$6,895,517$4,186,030$22,942,629
100$33,878,781$7,145,271$4,238,136$25,067,808