Can I retire at age 73 with 2,740,000?

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 $2,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$226,267$224,251$222,285$220,366$218,491$215,672
2 years$112,013$109,927$107,905$105,945$104,044$101,207
3 years$73,934$71,839$69,822$67,880$66,010$63,244
4 years$54,898$52,809$50,812$48,904$47,079$44,405
5 years$43,479$41,403$39,433$37,563$35,788$33,215
6 years$35,869$33,809$31,867$30,039$28,318$25,848
7 years$30,436$28,392$26,482$24,697$23,030$20,665
8 years$26,362$24,337$22,459$20,718$19,106$16,844
9 years$23,196$21,190$19,344$17,647$16,090$13,931
10 years$20,664$18,678$16,864$15,212$13,709$11,652
11 years$18,594$16,628$14,847$13,239$11,790$9,833
12 years$16,870$14,924$13,176$11,612$10,217$8,357
13 years$15,413$13,487$11,772$10,252$8,910$7,144
14 years$14,165$12,260$10,577$9,100$7,810$6,137
15 years$13,084$11,199$9,550$8,116$6,877$5,293
16 years$12,139$10,275$8,658$7,267$6,078$4,581
17 years$11,307$9,463$7,879$6,529$5,389$3,975
18 years$10,567$8,744$7,192$5,884$4,792$3,459
19 years$9,906$8,104$6,584$5,317$4,271$3,015
20 years$9,312$7,531$6,043$4,815$3,815$2,633
21 years$8,776$7,015$5,558$4,370$3,414$2,304
22 years$8,288$6,548$5,123$3,974$3,060$2,018
23 years$7,844$6,124$4,730$3,619$2,747$1,769
24 years$7,438$5,738$4,374$3,301$2,469$1,553
25 years$7,064$5,385$4,052$3,014$2,222$1,365
26 years$6,720$5,061$3,758$2,756$2,001$1,200
27 years$6,402$4,763$3,489$2,523$1,804$1,056
28 years$6,107$4,488$3,244$2,311$1,628$929
29 years$5,833$4,234$3,019$2,120$1,470$819
30 years$5,577$3,998$2,812$1,945$1,328$721
31 years$5,339$3,780$2,621$1,787$1,201$636
32 years$5,116$3,576$2,446$1,642$1,086$561
33 years$4,907$3,387$2,284$1,510$983$495
34 years$4,711$3,210$2,134$1,389$890$437
35 years$4,526$3,045$1,995$1,279$806$385
36 years$4,352$2,890$1,866$1,178$730$340
37 years$4,187$2,745$1,747$1,085$662$300
38 years$4,032$2,608$1,636$1,000$600$265
39 years$3,885$2,480$1,532$922$544$234
40 years$3,746$2,360$1,436$851$494$207
41 years$3,614$2,246$1,347$785$448$183
42 years$3,488$2,139$1,263$724$406$161
43 years$3,369$2,038$1,185$669$369$143
44 years$3,256$1,943$1,113$617$335$126
45 years$3,147$1,853$1,045$570$304$111
46 years$3,044$1,768$981$527$276$98
47 years$2,946$1,687$922$487$251$87
48 years$2,851$1,610$866$450$228$77
49 years$2,761$1,538$814$416$207$68
50 years$2,675$1,469$766$384$188$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,740,000, adding $3,184 every year, while hoping to spend $27,127 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: 59/13/28 Blend
72$2,740,000$2,740,000$2,740,000$2,740,000
73$3,022,764$2,877,544$2,835,074$3,177,916
74$3,302,223$2,989,681$2,901,186$3,396,479
75$3,609,278$3,106,403$2,968,604$3,631,616
76$3,946,714$3,227,907$3,037,342$3,887,542
77$4,317,602$3,354,397$3,107,416$4,166,287
78$4,725,322$3,486,088$3,178,839$4,470,081
79$5,173,601$3,623,202$3,251,626$4,801,383
80$5,666,542$3,765,972$3,325,789$5,162,895
81$6,208,668$3,914,644$3,401,342$5,557,595
82$6,804,961$4,069,471$3,478,296$5,988,762
83$7,460,911$4,230,719$3,556,663$6,460,003
84$8,182,566$4,398,666$3,636,453$6,975,292
85$8,976,591$4,573,603$3,717,677$7,539,006
86$9,850,326$4,755,833$3,800,343$8,155,961
87$10,811,864$4,945,673$3,884,458$8,831,463
88$11,870,118$5,143,454$3,970,031$9,571,357
89$13,034,910$5,349,524$4,057,068$10,382,076
90$14,317,063$5,564,243$4,145,572$11,270,709
91$15,728,502$5,787,990$4,235,547$12,245,062
92$17,282,368$6,021,160$4,326,997$13,313,732
93$18,993,140$6,264,167$4,419,921$14,486,191
94$20,876,771$6,517,442$4,514,319$15,772,871
95$22,950,842$6,781,437$4,610,189$17,185,263
96$25,234,724$7,056,623$4,707,527$18,736,025
97$27,749,763$7,343,496$4,806,327$20,439,101
98$30,519,481$7,642,569$4,906,581$22,309,853
99$33,569,797$7,954,383$5,008,280$24,365,204
100$36,929,270$8,279,502$5,111,411$26,623,798