Can I retire at age 73 with 2,750,000?

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$227,092$225,070$223,096$221,170$219,289$217,270
2 years$112,422$110,328$108,299$106,332$104,423$102,389
3 years$74,204$72,101$70,077$68,128$66,250$64,264
4 years$55,098$53,002$50,998$49,082$47,250$45,327
5 years$43,638$41,554$39,576$37,700$35,919$34,065
6 years$36,000$33,932$31,984$30,149$28,421$26,638
7 years$30,547$28,496$26,579$24,787$23,114$21,403
8 years$26,458$24,426$22,541$20,793$19,175$17,536
9 years$23,280$21,268$19,414$17,711$16,149$14,581
10 years$20,740$18,746$16,926$15,267$13,759$12,262
11 years$18,662$16,689$14,901$13,287$11,834$10,405
12 years$16,932$14,979$13,224$11,655$10,255$8,894
13 years$15,469$13,537$11,815$10,289$8,942$7,648
14 years$14,216$12,304$10,616$9,134$7,839$6,609
15 years$13,132$11,240$9,585$8,146$6,902$5,735
16 years$12,184$10,313$8,690$7,293$6,100$4,994
17 years$11,348$9,498$7,908$6,553$5,409$4,362
18 years$10,606$8,776$7,219$5,906$4,809$3,819
19 years$9,943$8,134$6,608$5,336$4,286$3,351
20 years$9,346$7,558$6,065$4,833$3,829$2,946
21 years$8,808$7,040$5,578$4,386$3,426$2,595
22 years$8,319$6,572$5,141$3,988$3,071$2,288
23 years$7,873$6,146$4,747$3,632$2,757$2,020
24 years$7,465$5,759$4,390$3,313$2,478$1,786
25 years$7,090$5,404$4,066$3,025$2,230$1,580
26 years$6,744$5,079$3,771$2,766$2,008$1,399
27 years$6,425$4,780$3,502$2,532$1,811$1,240
28 years$6,129$4,504$3,256$2,320$1,634$1,100
29 years$5,854$4,249$3,030$2,127$1,475$976
30 years$5,598$4,013$2,822$1,952$1,333$866
31 years$5,359$3,794$2,631$1,793$1,205$769
32 years$5,135$3,590$2,455$1,648$1,090$683
33 years$4,925$3,399$2,292$1,515$987$607
34 years$4,728$3,222$2,141$1,394$893$540
35 years$4,542$3,056$2,002$1,284$809$480
36 years$4,368$2,900$1,873$1,182$733$427
37 years$4,203$2,755$1,753$1,089$664$380
38 years$4,047$2,618$1,642$1,004$602$338
39 years$3,899$2,489$1,538$926$546$301
40 years$3,760$2,369$1,442$854$495$268
41 years$3,627$2,255$1,352$788$449$239
42 years$3,501$2,147$1,268$727$408$212
43 years$3,381$2,046$1,190$671$370$189
44 years$3,267$1,950$1,117$620$336$168
45 years$3,159$1,860$1,049$572$305$150
46 years$3,055$1,774$985$529$277$134
47 years$2,956$1,693$925$488$251$119
48 years$2,862$1,616$870$451$228$106
49 years$2,771$1,543$817$417$207$94
50 years$2,685$1,474$768$385$188$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,750,000, adding $6,516 every year, while hoping to spend $20,766 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: 56/14/30 Blend
72$2,750,000$2,750,000$2,750,000$2,750,000
73$3,037,221$2,891,471$2,848,846$3,181,759
74$3,324,923$3,011,058$2,922,188$3,401,740
75$3,641,274$3,135,809$2,997,290$3,638,625
76$3,989,175$3,265,955$3,074,191$3,896,331
77$4,371,822$3,401,738$3,152,927$4,176,878
78$4,792,735$3,543,410$3,233,537$4,482,487
79$5,255,793$3,691,236$3,316,059$4,815,604
80$5,765,270$3,845,493$3,400,533$5,178,918
81$6,325,875$4,006,470$3,486,999$5,575,391
82$6,942,798$4,174,470$3,575,497$6,008,281
83$7,621,754$4,349,810$3,666,067$6,481,176
84$8,369,044$4,532,822$3,758,751$6,998,026
85$9,191,609$4,723,852$3,853,591$7,563,177
86$10,097,096$4,923,264$3,950,630$8,181,416
87$11,093,933$5,131,437$4,049,909$8,858,013
88$12,191,405$5,348,769$4,151,473$9,598,770
89$13,399,746$5,575,676$4,255,364$10,410,075
90$14,730,229$5,812,593$4,361,628$11,298,966
91$16,195,278$6,059,976$4,470,308$12,273,189
92$17,808,583$6,318,302$4,581,450$13,341,276
93$19,585,229$6,588,069$4,695,099$14,512,625
94$21,541,838$6,869,800$4,811,301$15,797,583
95$23,696,727$7,164,042$4,930,101$17,207,551
96$26,070,080$7,471,366$5,051,546$18,755,081
97$28,684,138$7,792,373$5,175,682$20,454,001
98$31,563,409$8,127,688$5,302,557$22,319,544
99$34,734,901$8,477,969$5,432,217$24,368,487
100$38,228,374$8,843,903$5,564,709$26,619,311