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

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$221,312$219,341$217,417$215,540$213,707$211,475
2 years$109,560$107,520$105,542$103,625$101,765$99,518
3 years$72,315$70,265$68,293$66,394$64,564$62,371
4 years$53,696$51,653$49,700$47,833$46,048$43,925
5 years$42,527$40,496$38,569$36,740$35,005$32,959
6 years$35,084$33,068$31,170$29,381$27,698$25,732
7 years$29,769$27,771$25,902$24,156$22,526$20,641
8 years$25,785$23,805$21,967$20,264$18,687$16,883
9 years$22,688$20,726$18,920$17,260$15,737$14,012
10 years$20,212$18,269$16,495$14,879$13,409$11,763
11 years$18,187$16,264$14,522$12,949$11,532$9,963
12 years$16,501$14,598$12,888$11,358$9,994$8,500
13 years$15,075$13,192$11,514$10,027$8,715$7,295
14 years$13,855$11,991$10,346$8,901$7,639$6,292
15 years$12,797$10,954$9,341$7,938$6,726$5,448
16 years$11,873$10,050$8,469$7,108$5,945$4,735
17 years$11,059$9,256$7,706$6,386$5,271$4,126
18 years$10,336$8,553$7,035$5,755$4,687$3,605
19 years$9,689$7,927$6,440$5,200$4,177$3,157
20 years$9,108$7,366$5,910$4,710$3,731$2,769
21 years$8,584$6,861$5,436$4,275$3,339$2,433
22 years$8,107$6,404$5,011$3,887$2,993$2,141
23 years$7,672$5,990$4,626$3,540$2,687$1,886
24 years$7,275$5,612$4,279$3,228$2,415$1,663
25 years$6,909$5,267$3,963$2,948$2,173$1,468
26 years$6,573$4,950$3,675$2,696$1,957$1,297
27 years$6,262$4,658$3,413$2,468$1,765$1,147
28 years$5,973$4,390$3,173$2,261$1,592$1,015
29 years$5,705$4,141$2,952$2,073$1,438$898
30 years$5,455$3,911$2,750$1,903$1,299$795
31 years$5,222$3,697$2,564$1,747$1,175$704
32 years$5,004$3,498$2,392$1,606$1,062$624
33 years$4,799$3,313$2,234$1,477$962$554
34 years$4,607$3,140$2,087$1,359$871$491
35 years$4,427$2,978$1,951$1,251$789$435
36 years$4,256$2,827$1,825$1,152$714$386
37 years$4,096$2,685$1,708$1,061$648$343
38 years$3,944$2,551$1,600$978$587$304
39 years$3,800$2,426$1,499$902$532$270
40 years$3,664$2,308$1,405$832$483$240
41 years$3,535$2,197$1,317$768$438$213
42 years$3,412$2,093$1,236$708$397$189
43 years$3,295$1,994$1,160$654$361$168
44 years$3,184$1,900$1,088$604$327$149
45 years$3,078$1,812$1,022$558$297$133
46 years$2,977$1,729$960$515$270$118
47 years$2,881$1,650$902$476$245$105
48 years$2,789$1,575$847$440$223$93
49 years$2,701$1,504$797$406$202$83
50 years$2,617$1,437$749$376$184$73

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 $2,475 every year, while hoping to spend $42,724 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: 53/21/26 Blend
72$2,680,000$2,680,000$2,680,000$2,680,000
73$2,955,913$2,813,873$2,772,333$3,091,066
74$3,211,958$2,906,295$2,819,748$3,277,220
75$3,492,688$3,001,813$2,867,320$3,475,112
76$3,800,575$3,100,535$2,915,008$3,689,606
77$4,138,343$3,202,571$2,962,770$3,922,306
78$4,508,992$3,308,035$3,010,561$4,174,977
79$4,915,826$3,417,045$3,058,332$4,449,561
80$5,362,485$3,529,725$3,106,030$4,748,198
81$5,852,979$3,646,202$3,153,602$5,073,243
82$6,391,723$3,766,606$3,200,989$5,427,290
83$6,983,585$3,891,076$3,248,128$5,813,193
84$7,633,923$4,019,751$3,294,953$6,234,096
85$8,348,643$4,152,779$3,341,394$6,693,462
86$9,134,251$4,290,311$3,387,376$7,195,104
87$9,997,913$4,432,505$3,432,822$7,743,222
88$10,947,526$4,579,523$3,477,647$8,342,441
89$11,991,788$4,731,535$3,521,763$8,997,855
90$13,140,285$4,888,715$3,565,077$9,715,077
91$14,403,577$5,051,245$3,607,490$10,500,288
92$15,793,299$5,219,313$3,648,898$11,360,296
93$17,322,270$5,393,113$3,689,190$12,302,603
94$19,004,615$5,572,849$3,728,251$13,335,472
95$20,855,896$5,758,729$3,765,958$14,468,006
96$22,893,261$5,950,971$3,802,182$15,710,233
97$25,135,605$6,149,799$3,836,786$17,073,201
98$27,603,746$6,355,448$3,869,627$18,569,084
99$30,320,622$6,568,160$3,900,554$20,211,292
100$33,311,511$6,788,185$3,929,408$22,014,600