Can I retire at age 73 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$223,789$221,796$219,851$217,953$216,099$209,182
2 years$110,787$108,723$106,724$104,785$102,904$95,999
3 years$73,124$71,052$69,057$67,137$65,287$58,610
4 years$54,297$52,231$50,256$48,368$46,563$40,166
5 years$43,003$40,950$39,001$37,151$35,397$29,297
6 years$35,476$33,438$31,518$29,710$28,008$22,210
7 years$30,102$28,081$26,192$24,426$22,778$17,282
8 years$26,074$24,071$22,213$20,491$18,897$13,698
9 years$22,942$20,958$19,132$17,454$15,914$11,007
10 years$20,438$18,474$16,680$15,045$13,559$8,937
11 years$18,391$16,446$14,684$13,094$11,661$7,315
12 years$16,686$14,761$13,032$11,485$10,106$6,026
13 years$15,244$13,340$11,643$10,140$8,812$4,989
14 years$14,010$12,125$10,462$9,001$7,725$4,148
15 years$12,941$11,077$9,445$8,027$6,801$3,460
16 years$12,006$10,163$8,564$7,187$6,011$2,894
17 years$11,183$9,359$7,793$6,458$5,330$2,426
18 years$10,451$8,649$7,114$5,820$4,739$2,038
19 years$9,798$8,015$6,512$5,259$4,224$1,714
20 years$9,210$7,448$5,977$4,763$3,773$1,444
21 years$8,680$6,938$5,497$4,322$3,376$1,218
22 years$8,198$6,476$5,067$3,930$3,026$1,028
23 years$7,758$6,057$4,678$3,579$2,717$868
24 years$7,356$5,675$4,326$3,264$2,442$734
25 years$6,987$5,326$4,007$2,981$2,197$620
26 years$6,646$5,005$3,716$2,726$1,979$525
27 years$6,332$4,711$3,451$2,495$1,784$444
28 years$6,040$4,439$3,208$2,286$1,610$376
29 years$5,769$4,187$2,985$2,096$1,454$319
30 years$5,516$3,955$2,781$1,924$1,314$270
31 years$5,281$3,738$2,593$1,767$1,188$229
32 years$5,060$3,537$2,419$1,624$1,074$194
33 years$4,853$3,350$2,259$1,493$972$164
34 years$4,659$3,175$2,110$1,374$880$139
35 years$4,476$3,011$1,973$1,265$797$118
36 years$4,304$2,858$1,846$1,165$722$100
37 years$4,142$2,715$1,727$1,073$655$85
38 years$3,988$2,580$1,618$989$594$72
39 years$3,843$2,453$1,516$912$538$61
40 years$3,705$2,334$1,421$841$488$52
41 years$3,574$2,222$1,332$776$443$44
42 years$3,450$2,116$1,250$716$402$37
43 years$3,332$2,016$1,172$661$365$32
44 years$3,220$1,922$1,101$611$331$27
45 years$3,113$1,833$1,033$564$301$23
46 years$3,011$1,748$971$521$273$19
47 years$2,913$1,668$912$481$248$16
48 years$2,820$1,593$857$445$225$14
49 years$2,731$1,521$805$411$204$12
50 years$2,646$1,453$757$380$186$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,710,000, adding $2,862 every year, while hoping to spend $39,833 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: 49/21/30 Blend
72$2,710,000$2,710,000$2,710,000$2,710,000
73$2,989,372$2,845,742$2,803,737$3,110,181
74$3,251,906$2,942,802$2,855,280$3,292,494
75$3,539,883$3,043,282$2,907,215$3,486,327
76$3,855,857$3,147,308$2,959,513$3,696,174
77$4,202,640$3,255,012$3,012,142$3,923,574
78$4,583,330$3,366,528$3,065,069$4,170,217
79$5,001,338$3,481,996$3,118,257$4,437,968
80$5,460,425$3,601,564$3,171,669$4,728,875
81$5,964,730$3,725,383$3,225,262$5,045,195
82$6,518,815$3,853,609$3,278,991$5,389,412
83$7,127,707$3,986,408$3,332,809$5,764,262
84$7,796,940$4,123,950$3,386,666$6,172,756
85$8,532,614$4,266,410$3,440,506$6,618,209
86$9,341,450$4,413,973$3,494,271$7,104,273
87$10,230,850$4,566,829$3,547,901$7,634,968
88$11,208,970$4,725,178$3,601,330$8,214,722
89$12,284,799$4,889,225$3,654,488$8,848,412
90$13,468,235$5,059,184$3,707,300$9,541,409
91$14,770,190$5,235,278$3,759,689$10,299,627
92$16,202,681$5,417,739$3,811,571$11,129,584
93$17,778,954$5,606,808$3,862,858$12,038,455
94$19,513,600$5,802,734$3,913,457$13,034,147
95$21,422,698$6,005,779$3,963,268$14,125,369
96$23,523,963$6,216,211$4,012,187$15,321,714
97$25,836,915$6,434,314$4,060,104$16,633,750
98$28,383,065$6,660,380$4,106,901$18,073,121
99$31,186,111$6,894,712$4,152,456$19,652,652
100$34,272,169$7,137,628$4,196,638$21,386,477