Can I retire at age 73 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$220,486$218,522$216,606$214,736$212,910$204,705
2 years$109,152$107,119$105,149$103,238$101,385$93,217
3 years$72,045$70,003$68,038$66,146$64,323$56,448
4 years$53,495$51,460$49,514$47,654$45,876$38,354
5 years$42,368$40,345$38,425$36,603$34,874$27,725
6 years$34,953$32,945$31,053$29,272$27,595$20,824
7 years$29,658$27,667$25,805$24,066$22,442$16,046
8 years$25,689$23,716$21,885$20,188$18,618$12,591
9 years$22,603$20,649$18,850$17,196$15,679$10,013
10 years$20,136$18,201$16,433$14,823$13,359$8,043
11 years$18,119$16,203$14,468$12,901$11,489$6,511
12 years$16,439$14,543$12,840$11,316$9,956$5,303
13 years$15,019$13,143$11,471$9,990$8,682$4,340
14 years$13,803$11,946$10,307$8,868$7,611$3,566
15 years$12,750$10,913$9,306$7,909$6,701$2,938
16 years$11,829$10,013$8,437$7,081$5,922$2,428
17 years$11,018$9,221$7,678$6,362$5,251$2,010
18 years$10,297$8,521$7,009$5,734$4,669$1,667
19 years$9,653$7,897$6,416$5,181$4,162$1,384
20 years$9,074$7,338$5,888$4,692$3,717$1,151
21 years$8,552$6,835$5,416$4,259$3,327$958
22 years$8,077$6,381$4,992$3,872$2,982$798
23 years$7,644$5,968$4,609$3,526$2,677$665
24 years$7,248$5,591$4,263$3,216$2,406$554
25 years$6,884$5,247$3,948$2,937$2,165$462
26 years$6,548$4,931$3,662$2,686$1,950$386
27 years$6,238$4,641$3,400$2,458$1,758$322
28 years$5,951$4,373$3,161$2,252$1,586$269
29 years$5,684$4,126$2,941$2,065$1,432$225
30 years$5,435$3,896$2,740$1,896$1,294$188
31 years$5,203$3,683$2,554$1,741$1,170$157
32 years$4,985$3,485$2,383$1,600$1,059$131
33 years$4,782$3,300$2,225$1,471$958$110
34 years$4,590$3,128$2,079$1,354$867$92
35 years$4,410$2,967$1,944$1,246$786$76
36 years$4,241$2,816$1,818$1,148$712$64
37 years$4,080$2,675$1,702$1,057$645$53
38 years$3,929$2,542$1,594$975$585$45
39 years$3,786$2,417$1,493$899$530$37
40 years$3,650$2,300$1,400$829$481$31
41 years$3,522$2,189$1,312$765$436$26
42 years$3,399$2,085$1,231$706$396$22
43 years$3,283$1,986$1,155$652$359$18
44 years$3,172$1,893$1,084$602$326$15
45 years$3,067$1,806$1,018$556$296$13
46 years$2,966$1,722$956$513$269$11
47 years$2,870$1,644$898$474$244$9
48 years$2,779$1,569$844$438$222$7
49 years$2,691$1,498$794$405$201$6
50 years$2,607$1,431$746$374$183$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,670,000, adding $2,549 every year, while hoping to spend $27,825 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: 57/26/17 Blend
72$2,670,000$2,670,000$2,670,000$2,670,000
73$2,944,969$2,803,459$2,762,074$3,099,550
74$3,215,751$2,911,223$2,824,998$3,312,554
75$3,513,219$3,023,335$2,889,097$3,541,316
76$3,840,067$3,139,978$2,954,382$3,789,980
77$4,199,262$3,261,345$3,020,862$4,060,462
78$4,594,071$3,387,635$3,088,545$4,354,871
79$5,028,094$3,519,057$3,157,439$4,675,528
80$5,505,299$3,655,831$3,227,553$5,024,985
81$6,030,056$3,798,182$3,298,892$5,406,051
82$6,607,179$3,946,351$3,371,462$5,821,815
83$7,241,973$4,100,584$3,445,268$6,275,680
84$7,940,284$4,261,142$3,520,314$6,771,387
85$8,708,550$4,428,296$3,596,602$7,313,056
86$9,553,868$4,602,328$3,674,134$7,905,222
87$10,484,056$4,783,535$3,752,911$8,552,876
88$11,507,727$4,972,225$3,832,930$9,261,514
89$12,634,372$5,168,722$3,914,191$10,037,185
90$13,874,451$5,373,362$3,996,689$10,886,550
91$15,239,485$5,586,497$4,080,419$11,816,942
92$16,742,174$5,808,496$4,165,374$12,836,436
93$18,396,506$6,039,744$4,251,545$13,953,923
94$20,217,900$6,280,641$4,338,921$15,179,196
95$22,223,342$6,531,608$4,427,491$16,523,037
96$24,431,550$6,793,084$4,517,239$17,997,321
97$26,863,150$7,065,527$4,608,149$19,615,126
98$29,540,870$7,349,417$4,700,201$21,390,856
99$32,489,754$7,645,254$4,793,373$23,340,375
100$35,737,400$7,953,563$4,887,642$25,481,157