Can I retire at age 73 with 2,700,000?

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$222,963$220,977$219,040$217,149$215,302$209,587
2 years$110,378$108,322$106,330$104,398$102,525$96,807
3 years$72,854$70,790$68,803$66,889$65,046$59,504
4 years$54,096$52,038$50,071$48,190$46,391$41,068
5 years$42,844$40,798$38,857$37,014$35,266$30,176
6 years$35,345$33,315$31,402$29,601$27,905$23,053
7 years$29,991$27,978$26,095$24,336$22,694$18,081
8 years$25,977$23,982$22,131$20,415$18,827$14,450
9 years$22,857$20,881$19,061$17,389$15,855$11,711
10 years$20,362$18,405$16,618$14,990$13,509$9,592
11 years$18,323$16,385$14,630$13,045$11,618$7,922
12 years$16,624$14,707$12,984$11,443$10,068$6,586
13 years$15,188$13,290$11,600$10,102$8,780$5,505
14 years$13,958$12,081$10,423$8,968$7,696$4,621
15 years$12,893$11,036$9,411$7,997$6,776$3,893
16 years$11,962$10,125$8,532$7,161$5,989$3,289
17 years$11,141$9,325$7,764$6,434$5,310$2,786
18 years$10,413$8,617$7,087$5,798$4,722$2,364
19 years$9,762$7,986$6,488$5,239$4,208$2,010
20 years$9,176$7,421$5,954$4,745$3,759$1,711
21 years$8,648$6,912$5,477$4,307$3,364$1,459
22 years$8,167$6,452$5,048$3,916$3,015$1,245
23 years$7,730$6,035$4,661$3,566$2,707$1,063
24 years$7,329$5,654$4,310$3,252$2,433$908
25 years$6,961$5,306$3,992$2,970$2,189$777
26 years$6,622$4,987$3,703$2,716$1,972$665
27 years$6,308$4,693$3,438$2,486$1,778$569
28 years$6,018$4,422$3,196$2,278$1,604$487
29 years$5,748$4,172$2,974$2,089$1,449$417
30 years$5,496$3,940$2,771$1,917$1,309$358
31 years$5,261$3,725$2,583$1,760$1,183$307
32 years$5,041$3,524$2,410$1,618$1,070$263
33 years$4,835$3,338$2,250$1,488$969$225
34 years$4,642$3,163$2,102$1,369$877$193
35 years$4,460$3,000$1,966$1,260$794$166
36 years$4,288$2,848$1,839$1,161$720$142
37 years$4,126$2,705$1,721$1,069$652$122
38 years$3,973$2,570$1,612$986$591$105
39 years$3,829$2,444$1,510$909$536$90
40 years$3,691$2,325$1,415$838$486$77
41 years$3,561$2,214$1,327$773$441$66
42 years$3,437$2,108$1,245$714$400$57
43 years$3,320$2,009$1,168$659$363$49
44 years$3,208$1,915$1,097$608$330$42
45 years$3,101$1,826$1,030$562$299$36
46 years$3,000$1,742$967$519$272$31
47 years$2,903$1,662$909$479$247$26
48 years$2,810$1,587$854$443$224$23
49 years$2,721$1,515$802$409$204$19
50 years$2,636$1,447$754$378$185$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,700,000, adding $3,634 every year, while hoping to spend $23,121 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: 31/43/26 Blend
72$2,700,000$2,700,000$2,700,000$2,700,000
73$2,979,148$2,836,048$2,794,198$3,047,592
74$3,258,421$2,950,414$2,863,204$3,214,867
75$3,565,405$3,069,609$2,933,745$3,392,507
76$3,902,901$3,193,845$3,005,851$3,583,266
77$4,273,998$3,323,344$3,079,548$3,788,307
78$4,682,096$3,458,338$3,154,863$4,008,903
79$5,130,942$3,599,070$3,231,824$4,246,452
80$5,624,666$3,745,792$3,310,458$4,502,486
81$6,167,817$3,898,771$3,390,793$4,778,685
82$6,765,406$4,058,282$3,472,856$5,076,894
83$7,422,956$4,224,617$3,556,675$5,399,139
84$8,146,552$4,398,077$3,642,278$5,747,642
85$8,942,898$4,578,981$3,729,692$6,124,844
86$9,819,381$4,767,658$3,818,945$6,533,425
87$10,784,141$4,964,457$3,910,062$6,976,329
88$11,846,147$5,169,739$4,003,073$7,456,792
89$13,015,281$5,383,883$4,098,003$7,978,368
90$14,302,433$5,607,287$4,194,880$8,544,963
91$15,719,602$5,840,364$4,293,729$9,160,871
92$17,280,009$6,083,550$4,394,576$9,830,810
93$18,998,224$6,337,297$4,497,448$10,559,970
94$20,890,299$6,602,081$4,602,369$11,354,056
95$22,973,925$6,878,399$4,709,364$12,219,342
96$25,268,594$7,166,770$4,818,457$13,162,728
97$27,795,787$7,467,737$4,929,671$14,191,804
98$30,579,172$7,781,871$5,043,030$15,314,918
99$33,644,831$8,109,766$5,158,555$16,541,255
100$37,021,505$8,452,046$5,276,267$17,880,920