Can I retire at age 73 with 2,780,000?

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$229,570$227,525$225,530$223,583$221,681$215,710
2 years$113,648$111,532$109,481$107,492$105,562$99,589
3 years$75,013$72,887$70,841$68,871$66,973$61,185
4 years$55,699$53,580$51,554$49,618$47,766$42,207
5 years$44,114$42,007$40,008$38,111$36,311$30,996
6 years$36,393$34,302$32,333$30,478$28,732$23,667
7 years$30,880$28,807$26,869$25,057$23,366$18,552
8 years$26,747$24,693$22,787$21,020$19,385$14,818
9 years$23,534$21,500$19,626$17,904$16,325$12,001
10 years$20,966$18,951$17,110$15,434$13,909$9,824
11 years$18,866$16,871$15,064$13,432$11,963$8,109
12 years$17,117$15,142$13,369$11,782$10,367$6,737
13 years$15,638$13,684$11,944$10,401$9,040$5,627
14 years$14,372$12,439$10,732$9,233$7,924$4,720
15 years$13,275$11,363$9,689$8,234$6,977$3,974
16 years$12,316$10,425$8,785$7,373$6,166$3,355
17 years$11,472$9,601$7,994$6,625$5,468$2,840
18 years$10,721$8,872$7,297$5,970$4,862$2,408
19 years$10,051$8,222$6,680$5,395$4,333$2,046
20 years$9,448$7,641$6,131$4,886$3,870$1,740
21 years$8,904$7,117$5,639$4,434$3,464$1,482
22 years$8,409$6,643$5,197$4,032$3,105$1,264
23 years$7,959$6,213$4,799$3,672$2,787$1,078
24 years$7,546$5,822$4,438$3,349$2,505$921
25 years$7,167$5,463$4,111$3,058$2,254$787
26 years$6,818$5,135$3,812$2,796$2,030$673
27 years$6,495$4,832$3,540$2,560$1,831$575
28 years$6,196$4,553$3,291$2,345$1,652$492
29 years$5,918$4,296$3,063$2,151$1,491$422
30 years$5,659$4,057$2,853$1,974$1,348$361
31 years$5,417$3,835$2,659$1,813$1,218$309
32 years$5,191$3,629$2,481$1,666$1,102$265
33 years$4,979$3,436$2,317$1,532$997$227
34 years$4,779$3,257$2,165$1,409$903$194
35 years$4,592$3,089$2,024$1,298$818$167
36 years$4,415$2,932$1,893$1,195$741$143
37 years$4,249$2,785$1,772$1,101$672$122
38 years$4,091$2,647$1,659$1,015$609$105
39 years$3,942$2,517$1,555$936$552$90
40 years$3,801$2,394$1,457$863$501$77
41 years$3,667$2,279$1,366$796$454$66
42 years$3,539$2,171$1,282$735$412$57
43 years$3,418$2,068$1,203$678$374$49
44 years$3,303$1,971$1,129$626$340$42
45 years$3,193$1,880$1,060$578$308$36
46 years$3,088$1,793$996$534$280$31
47 years$2,989$1,711$935$494$254$26
48 years$2,893$1,634$879$456$231$23
49 years$2,802$1,560$826$422$210$19
50 years$2,714$1,490$777$390$190$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,780,000, adding $5,185 every year, while hoping to spend $27,954 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: 80/11/9 Blend
72$2,780,000$2,780,000$2,780,000$2,780,000
73$3,068,908$2,921,568$2,878,478$3,309,930
74$3,352,194$3,034,982$2,945,165$3,582,122
75$3,663,438$3,153,017$3,013,148$3,876,543
76$4,005,463$3,275,868$3,082,442$4,198,780
77$4,381,377$3,403,743$3,153,061$4,551,600
78$4,794,606$3,536,855$3,225,017$4,938,048
79$5,248,924$3,675,429$3,298,323$5,361,479
80$5,748,488$3,819,699$3,372,991$5,825,586
81$6,297,880$3,969,910$3,449,032$6,334,436
82$6,902,145$4,126,317$3,526,456$6,892,511
83$7,566,844$4,289,187$3,605,273$7,504,743
84$8,298,105$4,458,800$3,685,492$8,176,566
85$9,102,676$4,635,445$3,767,120$8,913,967
86$9,987,996$4,819,429$3,850,166$9,723,538
87$10,962,259$5,011,068$3,934,634$10,612,541
88$12,034,494$5,210,696$4,020,529$11,588,975
89$13,214,652$5,418,659$4,107,856$12,661,651
90$14,513,693$5,635,321$4,196,616$13,840,277
91$15,943,698$5,861,060$4,286,811$15,135,545
92$17,517,977$6,096,272$4,378,440$16,559,236
93$19,251,194$6,341,373$4,471,502$18,124,326
94$21,159,510$6,596,795$4,565,991$19,845,112
95$23,260,733$6,862,991$4,661,905$21,737,344
96$25,574,483$7,140,433$4,759,234$23,818,375
97$28,122,382$7,429,616$4,857,970$26,107,323
98$30,928,255$7,731,057$4,958,102$28,625,250
99$34,018,355$8,045,297$5,059,617$31,395,361
100$37,421,610$8,372,900$5,162,497$34,443,226