Can I retire at age 73 with 2,730,000?

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$225,441$223,433$221,474$219,561$217,694$215,870
2 years$111,604$109,526$107,511$105,558$103,664$101,825
3 years$73,664$71,576$69,567$67,632$65,769$63,973
4 years$54,697$52,616$50,627$48,725$46,907$45,167
5 years$43,320$41,252$39,289$37,426$35,658$33,980
6 years$35,738$33,685$31,751$29,930$28,215$26,601
7 years$30,324$28,289$26,385$24,607$22,946$21,397
8 years$26,266$24,249$22,377$20,642$19,036$17,551
9 years$23,111$21,113$19,273$17,582$16,031$14,610
10 years$20,589$18,610$16,803$15,156$13,659$12,301
11 years$18,526$16,567$14,793$13,190$11,747$10,451
12 years$16,809$14,870$13,128$11,570$10,180$8,945
13 years$15,357$13,438$11,729$10,214$8,877$7,702
14 years$14,113$12,215$10,539$9,067$7,782$6,664
15 years$13,036$11,158$9,515$8,086$6,852$5,791
16 years$12,095$10,238$8,627$7,240$6,056$5,049
17 years$11,265$9,429$7,850$6,505$5,369$4,416
18 years$10,529$8,712$7,166$5,863$4,774$3,872
19 years$9,870$8,075$6,560$5,297$4,255$3,403
20 years$9,278$7,503$6,021$4,798$3,801$2,996
21 years$8,744$6,989$5,538$4,354$3,401$2,642
22 years$8,258$6,524$5,104$3,959$3,049$2,334
23 years$7,816$6,102$4,713$3,606$2,737$2,064
24 years$7,410$5,717$4,358$3,289$2,460$1,827
25 years$7,038$5,365$4,037$3,003$2,214$1,619
26 years$6,695$5,042$3,744$2,746$1,994$1,436
27 years$6,378$4,745$3,477$2,514$1,798$1,275
28 years$6,085$4,472$3,232$2,303$1,622$1,132
29 years$5,811$4,218$3,008$2,112$1,465$1,006
30 years$5,557$3,984$2,801$1,938$1,323$894
31 years$5,320$3,766$2,612$1,780$1,196$796
32 years$5,097$3,563$2,437$1,636$1,082$708
33 years$4,889$3,375$2,275$1,504$979$630
34 years$4,693$3,198$2,126$1,384$887$561
35 years$4,509$3,034$1,987$1,274$803$500
36 years$4,336$2,879$1,859$1,173$728$446
37 years$4,172$2,735$1,740$1,081$660$397
38 years$4,017$2,599$1,630$997$598$354
39 years$3,871$2,471$1,527$919$542$316
40 years$3,732$2,351$1,431$848$492$281
41 years$3,601$2,238$1,342$782$446$251
42 years$3,476$2,132$1,259$722$405$224
43 years$3,357$2,031$1,181$666$367$200
44 years$3,244$1,936$1,109$615$334$178
45 years$3,136$1,846$1,041$568$303$159
46 years$3,033$1,761$978$525$275$142
47 years$2,935$1,681$919$485$250$127
48 years$2,841$1,604$863$448$227$113
49 years$2,751$1,532$811$414$206$101
50 years$2,665$1,464$763$383$187$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,730,000, adding $5,639 every year, while hoping to spend $21,373 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: 28/43/29 Blend
72$2,730,000$2,730,000$2,730,000$2,730,000
73$3,014,277$2,869,587$2,827,272$3,071,500
74$3,298,992$2,987,456$2,899,245$3,235,785
75$3,612,032$3,110,384$2,972,912$3,409,948
76$3,956,264$3,238,597$3,048,309$3,596,638
77$4,334,844$3,372,330$3,125,469$3,796,948
78$4,751,254$3,511,830$3,204,428$4,012,071
79$5,209,327$3,657,354$3,285,221$4,243,319
80$5,713,287$3,809,173$3,367,884$4,492,126
81$6,267,787$3,967,568$3,452,454$4,760,068
82$6,877,957$4,132,834$3,538,966$5,048,871
83$7,549,446$4,305,280$3,627,459$5,360,428
84$8,288,480$4,485,229$3,717,969$5,696,817
85$9,101,918$4,673,019$3,810,535$6,060,319
86$9,997,320$4,869,003$3,905,194$6,453,438
87$10,983,013$5,073,551$4,001,985$6,878,920
88$12,068,176$5,287,050$4,100,946$7,339,784
89$13,262,918$5,509,904$4,202,116$7,839,345
90$14,578,384$5,742,538$4,305,535$8,381,243
91$16,026,851$5,985,393$4,411,242$8,969,479
92$17,621,848$6,238,936$4,519,277$9,608,448
93$19,378,282$6,503,650$4,629,679$10,302,981
94$21,312,582$6,780,043$4,742,488$11,058,389
95$23,442,848$7,068,648$4,857,744$11,880,508
96$25,789,027$7,370,021$4,975,487$12,775,756
97$28,373,100$7,684,743$5,095,758$13,751,190
98$31,219,286$8,013,426$5,218,595$14,814,571
99$34,354,275$8,356,705$5,344,040$15,974,433
100$37,807,477$8,715,250$5,472,132$17,240,166