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%15.4%
1 years$223,789$221,796$219,851$217,953$216,099$211,304
2 years$110,787$108,723$106,724$104,785$102,904$98,099
3 years$73,124$71,052$69,057$67,137$65,287$60,620
4 years$54,297$52,231$50,256$48,368$46,563$42,071
5 years$43,003$40,950$39,001$37,151$35,397$31,093
6 years$35,476$33,438$31,518$29,710$28,008$23,896
7 years$30,102$28,081$26,192$24,426$22,778$18,859
8 years$26,074$24,071$22,213$20,491$18,897$15,169
9 years$22,942$20,958$19,132$17,454$15,914$12,375
10 years$20,438$18,474$16,680$15,045$13,559$10,206
11 years$18,391$16,446$14,684$13,094$11,661$8,488
12 years$16,686$14,761$13,032$11,485$10,106$7,108
13 years$15,244$13,340$11,643$10,140$8,812$5,985
14 years$14,010$12,125$10,462$9,001$7,725$5,062
15 years$12,941$11,077$9,445$8,027$6,801$4,297
16 years$12,006$10,163$8,564$7,187$6,011$3,659
17 years$11,183$9,359$7,793$6,458$5,330$3,124
18 years$10,451$8,649$7,114$5,820$4,739$2,673
19 years$9,798$8,015$6,512$5,259$4,224$2,291
20 years$9,210$7,448$5,977$4,763$3,773$1,967
21 years$8,680$6,938$5,497$4,322$3,376$1,691
22 years$8,198$6,476$5,067$3,930$3,026$1,455
23 years$7,758$6,057$4,678$3,579$2,717$1,253
24 years$7,356$5,675$4,326$3,264$2,442$1,081
25 years$6,987$5,326$4,007$2,981$2,197$932
26 years$6,646$5,005$3,716$2,726$1,979$805
27 years$6,332$4,711$3,451$2,495$1,784$695
28 years$6,040$4,439$3,208$2,286$1,610$601
29 years$5,769$4,187$2,985$2,096$1,454$519
30 years$5,516$3,955$2,781$1,924$1,314$449
31 years$5,281$3,738$2,593$1,767$1,188$388
32 years$5,060$3,537$2,419$1,624$1,074$336
33 years$4,853$3,350$2,259$1,493$972$291
34 years$4,659$3,175$2,110$1,374$880$252
35 years$4,476$3,011$1,973$1,265$797$218
36 years$4,304$2,858$1,846$1,165$722$189
37 years$4,142$2,715$1,727$1,073$655$163
38 years$3,988$2,580$1,618$989$594$141
39 years$3,843$2,453$1,516$912$538$122
40 years$3,705$2,334$1,421$841$488$106
41 years$3,574$2,222$1,332$776$443$92
42 years$3,450$2,116$1,250$716$402$80
43 years$3,332$2,016$1,172$661$365$69
44 years$3,220$1,922$1,101$611$331$60
45 years$3,113$1,833$1,033$564$301$52
46 years$3,011$1,748$971$521$273$45
47 years$2,913$1,668$912$481$248$39
48 years$2,820$1,593$857$445$225$34
49 years$2,731$1,521$805$411$204$29
50 years$2,646$1,453$757$380$186$25

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 $2,538 every year, while hoping to spend $37,699 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: 76/12/12 Blend
72$2,710,000$2,710,000$2,710,000$2,710,000
73$2,989,038$2,845,408$2,803,403$3,209,008
74$3,253,808$2,944,721$2,857,206$3,453,668
75$3,544,322$3,047,638$2,911,547$3,716,784
76$3,863,164$3,154,294$2,966,405$4,004,165
77$4,213,185$3,264,832$3,021,757$4,318,210
78$4,597,520$3,379,399$3,077,577$4,661,565
79$5,019,627$3,498,150$3,133,836$5,037,139
80$5,483,314$3,621,244$3,190,504$5,448,138
81$5,992,775$3,748,848$3,247,549$5,898,092
82$6,552,631$3,881,134$3,304,935$6,390,889
83$7,167,973$4,018,284$3,362,624$6,930,811
84$7,844,410$4,160,483$3,420,575$7,522,573
85$8,588,120$4,307,927$3,478,745$8,171,370
86$9,405,912$4,460,819$3,537,086$8,882,924
87$10,305,285$4,619,369$3,595,549$9,663,536
88$11,294,503$4,783,797$3,654,079$10,520,148
89$12,382,670$4,954,332$3,712,619$11,460,408
90$13,579,819$5,131,210$3,771,108$12,492,739
91$14,897,002$5,314,681$3,829,481$13,626,423
92$16,346,397$5,505,001$3,887,670$14,871,681
93$17,941,422$5,702,438$3,945,599$16,239,777
94$19,696,862$5,907,273$4,003,191$17,743,119
95$21,629,007$6,119,794$4,060,364$19,395,378
96$23,755,808$6,340,306$4,117,028$21,211,613
97$26,097,042$6,569,123$4,173,090$23,208,419
98$28,674,504$6,806,574$4,228,452$25,404,076
99$31,512,207$7,053,000$4,283,009$27,818,728
100$34,636,613$7,308,757$4,336,650$30,474,567