Can I retire at age 73 with 2,720,000?

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 $2,720,000?

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$224,615$222,614$220,662$218,757$216,897$212,084
2 years$111,196$109,125$107,118$105,172$103,284$98,461
3 years$73,394$71,314$69,312$67,384$65,528$60,844
4 years$54,497$52,423$50,442$48,547$46,735$42,227
5 years$43,162$41,101$39,145$37,289$35,527$31,207
6 years$35,607$33,562$31,635$29,820$28,111$23,984
7 years$30,213$28,185$26,289$24,517$22,862$18,929
8 years$26,170$24,160$22,295$20,566$18,966$15,225
9 years$23,027$21,035$19,203$17,518$15,972$12,421
10 years$20,513$18,542$16,741$15,101$13,609$10,243
11 years$18,458$16,507$14,739$13,142$11,704$8,520
12 years$16,747$14,815$13,080$11,527$10,143$7,135
13 years$15,300$13,389$11,686$10,177$8,845$6,007
14 years$14,061$12,170$10,500$9,034$7,753$5,081
15 years$12,988$11,118$9,480$8,057$6,827$4,313
16 years$12,051$10,200$8,595$7,214$6,033$3,673
17 years$11,224$9,394$7,821$6,482$5,350$3,136
18 years$10,490$8,680$7,140$5,841$4,757$2,683
19 years$9,834$8,045$6,536$5,278$4,240$2,300
20 years$9,244$7,476$5,999$4,780$3,787$1,974
21 years$8,712$6,963$5,518$4,338$3,389$1,697
22 years$8,228$6,500$5,085$3,945$3,038$1,460
23 years$7,787$6,079$4,695$3,592$2,727$1,258
24 years$7,383$5,696$4,342$3,277$2,451$1,085
25 years$7,013$5,345$4,022$2,992$2,205$936
26 years$6,671$5,024$3,730$2,736$1,987$808
27 years$6,355$4,728$3,464$2,504$1,791$698
28 years$6,062$4,455$3,220$2,295$1,616$603
29 years$5,790$4,203$2,997$2,104$1,459$521
30 years$5,537$3,969$2,791$1,931$1,319$451
31 years$5,300$3,752$2,602$1,774$1,192$390
32 years$5,079$3,550$2,428$1,630$1,078$337
33 years$4,871$3,362$2,267$1,499$976$292
34 years$4,676$3,187$2,118$1,379$884$253
35 years$4,493$3,023$1,980$1,270$800$219
36 years$4,320$2,869$1,852$1,169$725$189
37 years$4,157$2,725$1,734$1,077$657$164
38 years$4,003$2,589$1,624$993$596$142
39 years$3,857$2,462$1,521$916$540$123
40 years$3,719$2,343$1,426$844$490$106
41 years$3,588$2,230$1,337$779$445$92
42 years$3,463$2,124$1,254$719$403$80
43 years$3,345$2,024$1,177$664$366$69
44 years$3,232$1,929$1,105$613$332$60
45 years$3,124$1,839$1,037$566$302$52
46 years$3,022$1,755$974$523$274$45
47 years$2,924$1,674$915$483$249$39
48 years$2,831$1,599$860$446$226$34
49 years$2,741$1,526$808$412$205$29
50 years$2,656$1,458$760$381$186$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,720,000, adding $3,012 every year, while hoping to spend $47,732 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: 82/13/5 Blend
72$2,720,000$2,720,000$2,720,000$2,720,000
73$3,000,547$2,856,387$2,814,227$3,246,080
74$3,255,816$2,945,563$2,857,717$3,496,101
75$3,535,523$3,037,510$2,901,064$3,763,781
76$3,842,110$3,132,311$2,944,214$4,056,134
77$4,178,267$3,230,056$2,987,106$4,375,601
78$4,546,956$3,330,834$3,029,680$4,724,867
79$4,951,440$3,434,740$3,071,869$5,106,891
80$5,395,313$3,541,869$3,113,603$5,524,929
81$5,882,535$3,652,320$3,154,808$5,982,570
82$6,417,465$3,766,195$3,195,406$6,483,764
83$7,004,908$3,883,600$3,235,314$7,032,862
84$7,650,155$4,004,643$3,274,443$7,634,656
85$8,359,036$4,129,436$3,312,702$8,294,424
86$9,137,973$4,258,094$3,349,993$9,017,981
87$9,994,040$4,390,734$3,386,212$9,811,730
88$10,935,032$4,527,480$3,421,249$10,682,726
89$11,969,535$4,668,457$3,454,991$11,638,740
90$13,107,011$4,813,794$3,487,316$12,688,332
91$14,357,881$4,963,625$3,518,097$13,840,932
92$15,733,630$5,118,087$3,547,198$15,106,930
93$17,246,909$5,277,322$3,574,478$16,497,770
94$18,911,659$5,441,476$3,599,788$18,026,063
95$20,743,238$5,610,699$3,622,971$19,705,699
96$22,758,570$5,785,145$3,643,862$21,551,984
97$24,976,301$5,964,974$3,662,289$23,581,780
98$27,416,976$6,150,350$3,678,068$25,813,666
99$30,103,232$6,341,441$3,691,007$28,268,111
100$33,060,013$6,538,423$3,700,907$30,967,668