Can I retire at age 73 with 2,770,000?

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$228,744$226,706$224,719$222,778$220,884$217,943
2 years$113,240$111,131$109,087$107,105$105,183$102,225
3 years$74,743$72,625$70,586$68,623$66,732$63,849
4 years$55,499$53,387$51,369$49,439$47,594$44,807
5 years$43,955$41,856$39,864$37,974$36,180$33,499
6 years$36,262$34,179$32,216$30,368$28,628$26,055
7 years$30,769$28,703$26,772$24,967$23,282$20,818
8 years$26,651$24,604$22,705$20,944$19,315$16,959
9 years$23,450$21,422$19,556$17,840$16,266$14,018
10 years$20,890$18,883$17,049$15,378$13,859$11,718
11 years$18,798$16,810$15,010$13,384$11,920$9,882
12 years$17,055$15,088$13,321$11,739$10,329$8,393
13 years$15,582$13,635$11,901$10,364$9,007$7,171
14 years$14,320$12,394$10,693$9,200$7,896$6,156
15 years$13,227$11,322$9,655$8,205$6,952$5,305
16 years$12,272$10,388$8,753$7,347$6,144$4,588
17 years$11,430$9,567$7,965$6,601$5,448$3,979
18 years$10,683$8,840$7,271$5,949$4,844$3,459
19 years$10,015$8,193$6,656$5,375$4,318$3,014
20 years$9,414$7,613$6,109$4,868$3,857$2,630
21 years$8,872$7,091$5,619$4,418$3,451$2,299
22 years$8,379$6,620$5,179$4,017$3,093$2,012
23 years$7,930$6,191$4,782$3,659$2,777$1,763
24 years$7,519$5,801$4,422$3,337$2,496$1,546
25 years$7,141$5,444$4,096$3,047$2,246$1,358
26 years$6,794$5,116$3,799$2,786$2,023$1,193
27 years$6,472$4,815$3,527$2,550$1,824$1,049
28 years$6,174$4,537$3,279$2,337$1,646$922
29 years$5,897$4,280$3,052$2,143$1,486$812
30 years$5,639$4,042$2,842$1,967$1,343$715
31 years$5,398$3,821$2,650$1,806$1,214$630
32 years$5,172$3,616$2,472$1,660$1,098$555
33 years$4,961$3,424$2,309$1,526$994$489
34 years$4,762$3,245$2,157$1,404$900$431
35 years$4,575$3,078$2,017$1,293$815$380
36 years$4,399$2,922$1,886$1,191$738$335
37 years$4,233$2,775$1,766$1,097$669$296
38 years$4,076$2,637$1,654$1,011$607$261
39 years$3,928$2,508$1,549$932$550$230
40 years$3,787$2,386$1,452$860$499$203
41 years$3,653$2,271$1,362$793$453$179
42 years$3,527$2,163$1,277$732$411$158
43 years$3,406$2,061$1,198$676$373$140
44 years$3,291$1,964$1,125$624$338$123
45 years$3,182$1,873$1,056$576$307$109
46 years$3,077$1,787$992$532$279$96
47 years$2,978$1,705$932$492$253$85
48 years$2,883$1,628$876$455$230$75
49 years$2,792$1,555$823$420$209$66
50 years$2,704$1,485$774$388$190$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,770,000, adding $3,848 every year, while hoping to spend $47,068 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: 69/20/11 Blend
72$2,770,000$2,770,000$2,770,000$2,770,000
73$3,056,509$2,909,699$2,866,764$3,260,139
74$3,318,193$3,002,194$2,912,721$3,488,281
75$3,604,991$3,097,645$2,958,639$3,731,734
76$3,919,416$3,196,144$3,004,469$3,996,828
77$4,264,233$3,297,792$3,050,156$4,285,681
78$4,642,490$3,402,690$3,095,641$4,600,624
79$5,057,544$3,510,941$3,140,865$4,944,224
80$5,513,091$3,622,655$3,185,761$5,319,309
81$6,013,203$3,737,942$3,230,262$5,728,990
82$6,562,367$3,856,918$3,274,293$6,176,695
83$7,165,524$3,979,703$3,317,777$6,666,197
84$7,828,118$4,106,418$3,360,633$7,201,652
85$8,556,145$4,237,192$3,402,773$7,787,636
86$9,356,212$4,372,154$3,444,106$8,429,191
87$10,235,597$4,511,441$3,484,535$9,131,868
88$11,202,318$4,655,192$3,523,957$9,901,782
89$12,265,209$4,803,552$3,562,265$10,745,669
90$13,434,004$4,956,669$3,599,344$11,670,947
91$14,719,424$5,114,698$3,635,074$12,685,789
92$16,133,285$5,277,797$3,669,328$13,799,197
93$17,688,603$5,446,132$3,701,973$15,021,088
94$19,399,719$5,619,871$3,732,868$16,362,388
95$21,282,436$5,799,190$3,761,864$17,835,132
96$23,354,164$5,984,270$3,788,807$19,452,579
97$25,634,087$6,175,298$3,813,530$21,229,337
98$28,143,343$6,372,467$3,835,863$23,181,500
99$30,905,223$6,575,977$3,855,623$25,326,799
100$33,945,389$6,786,033$3,872,620$27,684,770