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

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$225,441$223,433$221,474$219,561$217,694$216,141
2 years$111,604$109,526$107,511$105,558$103,664$102,098
3 years$73,664$71,576$69,567$67,632$65,769$64,238
4 years$54,697$52,616$50,627$48,725$46,907$45,423
5 years$43,320$41,252$39,289$37,426$35,658$34,226
6 years$35,738$33,685$31,751$29,930$28,215$26,837
7 years$30,324$28,289$26,385$24,607$22,946$21,622
8 years$26,266$24,249$22,377$20,642$19,036$17,766
9 years$23,111$21,113$19,273$17,582$16,031$14,815
10 years$20,589$18,610$16,803$15,156$13,659$12,496
11 years$18,526$16,567$14,793$13,190$11,747$10,637
12 years$16,809$14,870$13,128$11,570$10,180$9,121
13 years$15,357$13,438$11,729$10,214$8,877$7,868
14 years$14,113$12,215$10,539$9,067$7,782$6,822
15 years$13,036$11,158$9,515$8,086$6,852$5,939
16 years$12,095$10,238$8,627$7,240$6,056$5,190
17 years$11,265$9,429$7,850$6,505$5,369$4,548
18 years$10,529$8,712$7,166$5,863$4,774$3,997
19 years$9,870$8,075$6,560$5,297$4,255$3,520
20 years$9,278$7,503$6,021$4,798$3,801$3,106
21 years$8,744$6,989$5,538$4,354$3,401$2,745
22 years$8,258$6,524$5,104$3,959$3,049$2,430
23 years$7,816$6,102$4,713$3,606$2,737$2,154
24 years$7,410$5,717$4,358$3,289$2,460$1,911
25 years$7,038$5,365$4,037$3,003$2,214$1,697
26 years$6,695$5,042$3,744$2,746$1,994$1,509
27 years$6,378$4,745$3,477$2,514$1,798$1,343
28 years$6,085$4,472$3,232$2,303$1,622$1,195
29 years$5,811$4,218$3,008$2,112$1,465$1,065
30 years$5,557$3,984$2,801$1,938$1,323$949
31 years$5,320$3,766$2,612$1,780$1,196$846
32 years$5,097$3,563$2,437$1,636$1,082$755
33 years$4,889$3,375$2,275$1,504$979$674
34 years$4,693$3,198$2,126$1,384$887$602
35 years$4,509$3,034$1,987$1,274$803$537
36 years$4,336$2,879$1,859$1,173$728$480
37 years$4,172$2,735$1,740$1,081$660$429
38 years$4,017$2,599$1,630$997$598$383
39 years$3,871$2,471$1,527$919$542$343
40 years$3,732$2,351$1,431$848$492$306
41 years$3,601$2,238$1,342$782$446$274
42 years$3,476$2,132$1,259$722$405$245
43 years$3,357$2,031$1,181$666$367$219
44 years$3,244$1,936$1,109$615$334$196
45 years$3,136$1,846$1,041$568$303$175
46 years$3,033$1,761$978$525$275$157
47 years$2,935$1,681$919$485$250$140
48 years$2,841$1,604$863$448$227$125
49 years$2,751$1,532$811$414$206$112
50 years$2,665$1,464$763$383$187$100

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 $5,746 every year, while hoping to spend $41,434 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: 57/37/6 Blend
72$2,730,000$2,730,000$2,730,000$2,730,000
73$3,014,387$2,869,697$2,827,382$3,182,135
74$3,277,769$2,966,227$2,878,014$3,392,096
75$3,566,627$3,066,098$2,928,953$3,615,570
76$3,883,517$3,169,430$2,980,167$3,858,015
77$4,231,251$3,276,348$3,031,618$4,121,245
78$4,612,931$3,386,981$3,083,269$4,407,255
79$5,031,969$3,501,462$3,135,078$4,718,240
80$5,492,128$3,619,932$3,187,001$5,056,612
81$5,997,551$3,742,534$3,238,991$5,425,029
82$6,552,801$3,869,418$3,290,997$5,826,411
83$7,162,906$4,000,740$3,342,966$6,263,975
84$7,833,407$4,136,660$3,394,839$6,741,258
85$8,570,405$4,277,347$3,446,557$7,262,156
86$9,380,624$4,422,975$3,498,054$7,830,956
87$10,271,470$4,573,723$3,549,262$8,452,375
88$11,251,105$4,729,780$3,600,106$9,131,608
89$12,328,518$4,891,339$3,650,510$9,874,374
90$13,513,616$5,058,604$3,700,392$10,686,968
91$14,817,313$5,231,784$3,749,663$11,576,323
92$16,251,634$5,411,097$3,798,232$12,550,070
93$17,829,830$5,596,770$3,846,002$13,616,615
94$19,566,498$5,789,037$3,892,868$14,785,212
95$21,477,724$5,988,142$3,938,722$16,066,054
96$23,581,231$6,194,341$3,983,449$17,470,365
97$25,896,549$6,407,896$4,026,927$19,010,507
98$28,445,195$6,629,081$4,069,027$20,700,095
99$31,250,879$6,858,181$4,109,614$22,554,123
100$34,339,728$7,095,491$4,148,545$24,589,111