Can I retire at age 73 with 2,680,000?

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$221,312$219,341$217,417$215,540$213,707$206,042
2 years$109,560$107,520$105,542$103,625$101,765$94,126
3 years$72,315$70,265$68,293$66,394$64,564$57,191
4 years$53,696$51,653$49,700$47,833$46,048$38,996
5 years$42,527$40,496$38,569$36,740$35,005$28,294
6 years$35,084$33,068$31,170$29,381$27,698$21,333
7 years$29,769$27,771$25,902$24,156$22,526$16,504
8 years$25,785$23,805$21,967$20,264$18,687$13,005
9 years$22,688$20,726$18,920$17,260$15,737$10,386
10 years$20,212$18,269$16,495$14,879$13,409$8,380
11 years$18,187$16,264$14,522$12,949$11,532$6,815
12 years$16,501$14,598$12,888$11,358$9,994$5,576
13 years$15,075$13,192$11,514$10,027$8,715$4,586
14 years$13,855$11,991$10,346$8,901$7,639$3,786
15 years$12,797$10,954$9,341$7,938$6,726$3,136
16 years$11,873$10,050$8,469$7,108$5,945$2,604
17 years$11,059$9,256$7,706$6,386$5,271$2,167
18 years$10,336$8,553$7,035$5,755$4,687$1,807
19 years$9,689$7,927$6,440$5,200$4,177$1,508
20 years$9,108$7,366$5,910$4,710$3,731$1,261
21 years$8,584$6,861$5,436$4,275$3,339$1,055
22 years$8,107$6,404$5,011$3,887$2,993$883
23 years$7,672$5,990$4,626$3,540$2,687$740
24 years$7,275$5,612$4,279$3,228$2,415$621
25 years$6,909$5,267$3,963$2,948$2,173$521
26 years$6,573$4,950$3,675$2,696$1,957$437
27 years$6,262$4,658$3,413$2,468$1,765$367
28 years$5,973$4,390$3,173$2,261$1,592$308
29 years$5,705$4,141$2,952$2,073$1,438$259
30 years$5,455$3,911$2,750$1,903$1,299$217
31 years$5,222$3,697$2,564$1,747$1,175$183
32 years$5,004$3,498$2,392$1,606$1,062$154
33 years$4,799$3,313$2,234$1,477$962$129
34 years$4,607$3,140$2,087$1,359$871$109
35 years$4,427$2,978$1,951$1,251$789$91
36 years$4,256$2,827$1,825$1,152$714$77
37 years$4,096$2,685$1,708$1,061$648$64
38 years$3,944$2,551$1,600$978$587$54
39 years$3,800$2,426$1,499$902$532$46
40 years$3,664$2,308$1,405$832$483$38
41 years$3,535$2,197$1,317$768$438$32
42 years$3,412$2,093$1,236$708$397$27
43 years$3,295$1,994$1,160$654$361$23
44 years$3,184$1,900$1,088$604$327$19
45 years$3,078$1,812$1,022$558$297$16
46 years$2,977$1,729$960$515$270$14
47 years$2,881$1,650$902$476$245$11
48 years$2,789$1,575$847$440$223$10
49 years$2,701$1,504$797$406$202$8
50 years$2,617$1,437$749$376$184$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,680,000, adding $6,674 every year, while hoping to spend $37,112 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: 60/24/16 Blend
72$2,680,000$2,680,000$2,680,000$2,680,000
73$2,960,244$2,818,204$2,776,664$3,125,435
74$3,222,702$2,916,809$2,830,196$3,336,280
75$3,510,687$3,019,002$2,884,276$3,561,464
76$3,826,764$3,124,920$2,938,886$3,806,251
77$4,173,756$3,234,704$2,994,001$4,072,539
78$4,554,777$3,348,502$3,049,598$4,362,420
79$4,973,254$3,466,468$3,105,649$4,678,195
80$5,432,963$3,588,762$3,162,126$5,022,396
81$5,938,064$3,715,550$3,218,996$5,397,810
82$6,493,140$3,847,006$3,276,226$5,807,507
83$7,103,240$3,983,308$3,333,779$6,254,862
84$7,773,925$4,124,645$3,391,615$6,743,595
85$8,511,324$4,271,212$3,449,693$7,277,799
86$9,322,189$4,423,211$3,507,967$7,861,983
87$10,213,957$4,580,853$3,566,389$8,501,110
88$11,194,824$4,744,358$3,624,906$9,200,646
89$12,273,819$4,913,954$3,683,464$9,966,608
90$13,460,891$5,089,880$3,742,002$10,805,626
91$14,767,001$5,272,384$3,800,459$11,725,000
92$16,204,227$5,461,723$3,858,766$12,732,769
93$17,785,877$5,658,166$3,916,853$13,837,787
94$19,526,612$5,861,992$3,974,644$15,049,809
95$21,442,590$6,073,493$4,032,057$16,379,576
96$23,551,612$6,292,971$4,089,009$17,838,921
97$25,873,293$6,520,744$4,145,407$19,440,879
98$28,429,247$6,757,138$4,201,157$21,199,809
99$31,243,290$7,002,498$4,256,156$23,131,525
100$34,341,665$7,257,180$4,310,296$25,253,454