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%13.9%
1 years$229,570$227,525$225,530$223,583$221,681$218,098
2 years$113,648$111,532$109,481$107,492$105,562$101,963
3 years$75,013$72,887$70,841$68,871$66,973$63,469
4 years$55,699$53,580$51,554$49,618$47,766$44,383
5 years$44,114$42,007$40,008$38,111$36,311$33,060
6 years$36,393$34,302$32,333$30,478$28,732$25,616
7 years$30,880$28,807$26,869$25,057$23,366$20,388
8 years$26,747$24,693$22,787$21,020$19,385$16,542
9 years$23,534$21,500$19,626$17,904$16,325$13,617
10 years$20,966$18,951$17,110$15,434$13,909$11,334
11 years$18,866$16,871$15,064$13,432$11,963$9,516
12 years$17,117$15,142$13,369$11,782$10,367$8,047
13 years$15,638$13,684$11,944$10,401$9,040$6,843
14 years$14,372$12,439$10,732$9,233$7,924$5,847
15 years$13,275$11,363$9,689$8,234$6,977$5,015
16 years$12,316$10,425$8,785$7,373$6,166$4,316
17 years$11,472$9,601$7,994$6,625$5,468$3,725
18 years$10,721$8,872$7,297$5,970$4,862$3,222
19 years$10,051$8,222$6,680$5,395$4,333$2,792
20 years$9,448$7,641$6,131$4,886$3,870$2,424
21 years$8,904$7,117$5,639$4,434$3,464$2,108
22 years$8,409$6,643$5,197$4,032$3,105$1,835
23 years$7,959$6,213$4,799$3,672$2,787$1,599
24 years$7,546$5,822$4,438$3,349$2,505$1,395
25 years$7,167$5,463$4,111$3,058$2,254$1,218
26 years$6,818$5,135$3,812$2,796$2,030$1,064
27 years$6,495$4,832$3,540$2,560$1,831$930
28 years$6,196$4,553$3,291$2,345$1,652$814
29 years$5,918$4,296$3,063$2,151$1,491$712
30 years$5,659$4,057$2,853$1,974$1,348$623
31 years$5,417$3,835$2,659$1,813$1,218$546
32 years$5,191$3,629$2,481$1,666$1,102$478
33 years$4,979$3,436$2,317$1,532$997$419
34 years$4,779$3,257$2,165$1,409$903$367
35 years$4,592$3,089$2,024$1,298$818$322
36 years$4,415$2,932$1,893$1,195$741$282
37 years$4,249$2,785$1,772$1,101$672$248
38 years$4,091$2,647$1,659$1,015$609$217
39 years$3,942$2,517$1,555$936$552$191
40 years$3,801$2,394$1,457$863$501$167
41 years$3,667$2,279$1,366$796$454$147
42 years$3,539$2,171$1,282$735$412$129
43 years$3,418$2,068$1,203$678$374$113
44 years$3,303$1,971$1,129$626$340$99
45 years$3,193$1,880$1,060$578$308$87
46 years$3,088$1,793$996$534$280$76
47 years$2,989$1,711$935$494$254$67
48 years$2,893$1,634$879$456$231$59
49 years$2,802$1,560$826$422$210$52
50 years$2,714$1,490$777$390$190$45

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 $3,654 every year, while hoping to spend $20,902 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: 40/50/10 Blend
72$2,780,000$2,780,000$2,780,000$2,780,000
73$3,067,329$2,919,989$2,876,899$3,180,682
74$3,357,957$3,040,829$2,951,036$3,381,619
75$3,677,529$3,166,890$3,026,955$3,596,499
76$4,028,974$3,298,404$3,104,696$3,828,479
77$4,415,521$3,435,618$3,184,295$4,079,116
78$4,840,727$3,578,786$3,265,792$4,350,114
79$5,308,511$3,728,177$3,349,226$4,643,346
80$5,823,191$3,884,069$3,434,637$4,960,866
81$6,389,525$4,046,757$3,522,065$5,304,929
82$7,012,754$4,216,546$3,611,552$5,678,011
83$7,698,655$4,393,756$3,703,139$6,082,830
84$8,453,592$4,578,724$3,796,868$6,522,372
85$9,284,576$4,771,800$3,892,781$6,999,917
86$10,199,336$4,973,351$3,990,922$7,519,067
87$11,206,385$5,183,762$4,091,335$8,083,782
88$12,315,105$5,403,435$4,194,063$8,698,413
89$13,535,833$5,632,790$4,299,151$9,367,742
90$14,879,959$5,872,268$4,406,644$10,097,025
91$16,360,035$6,122,330$4,516,587$10,892,042
92$17,989,893$6,383,458$4,629,027$11,759,146
93$19,784,771$6,656,157$4,744,008$12,705,327
94$21,761,464$6,940,955$4,861,579$13,738,268
95$23,938,478$7,238,406$4,981,786$14,866,421
96$26,336,203$7,549,088$5,104,676$16,099,084
97$28,977,110$7,873,608$5,230,297$17,446,484
98$31,885,960$8,212,599$5,358,697$18,919,875
99$35,090,038$8,566,727$5,489,923$20,531,635
100$38,619,410$8,936,685$5,624,025$22,295,390