Can I retire at age 73 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$230,396$228,343$226,341$224,387$222,479$216,836
2 years$114,057$111,933$109,874$107,878$105,942$100,294
3 years$75,283$73,149$71,096$69,119$67,214$61,737
4 years$55,899$53,773$51,740$49,796$47,938$42,674
5 years$44,272$42,158$40,152$38,248$36,441$31,406
6 years$36,524$34,425$32,449$30,587$28,835$24,032
7 years$30,991$28,910$26,965$25,148$23,450$18,881
8 years$26,843$24,782$22,869$21,096$19,454$15,116
9 years$23,619$21,577$19,697$17,969$16,383$12,272
10 years$21,041$19,019$17,172$15,489$13,960$10,071
11 years$18,933$16,931$15,118$13,480$12,006$8,334
12 years$17,178$15,197$13,417$11,824$10,404$6,942
13 years$15,694$13,733$11,987$10,439$9,072$5,814
14 years$14,423$12,483$10,770$9,266$7,953$4,891
15 years$13,323$11,404$9,724$8,264$7,002$4,129
16 years$12,361$10,463$8,816$7,400$6,189$3,496
17 years$11,513$9,636$8,023$6,648$5,487$2,967
18 years$10,760$8,904$7,324$5,992$4,879$2,524
19 years$10,087$8,252$6,704$5,414$4,349$2,150
20 years$9,482$7,668$6,153$4,903$3,884$1,835
21 years$8,936$7,143$5,660$4,450$3,476$1,568
22 years$8,440$6,667$5,216$4,046$3,116$1,341
23 years$7,987$6,236$4,816$3,685$2,797$1,148
24 years$7,573$5,843$4,454$3,361$2,514$983
25 years$7,193$5,483$4,125$3,069$2,262$843
26 years$6,843$5,153$3,826$2,806$2,038$723
27 years$6,519$4,850$3,553$2,569$1,837$620
28 years$6,218$4,570$3,303$2,354$1,658$533
29 years$5,939$4,311$3,074$2,158$1,497$457
30 years$5,679$4,071$2,863$1,981$1,353$393
31 years$5,436$3,849$2,669$1,819$1,223$338
32 years$5,209$3,642$2,490$1,672$1,106$290
33 years$4,996$3,449$2,325$1,537$1,001$249
34 years$4,797$3,269$2,173$1,415$906$214
35 years$4,608$3,100$2,031$1,302$821$184
36 years$4,431$2,943$1,900$1,199$744$159
37 years$4,264$2,795$1,778$1,105$674$136
38 years$4,106$2,656$1,665$1,018$611$117
39 years$3,956$2,526$1,560$939$554$101
40 years$3,814$2,403$1,463$866$503$87
41 years$3,680$2,287$1,371$799$456$75
42 years$3,552$2,178$1,286$738$414$64
43 years$3,431$2,076$1,207$681$376$55
44 years$3,315$1,978$1,133$629$341$48
45 years$3,205$1,887$1,064$581$309$41
46 years$3,100$1,800$999$536$281$35
47 years$2,999$1,718$939$495$255$30
48 years$2,903$1,640$882$458$232$26
49 years$2,812$1,566$829$423$210$22
50 years$2,724$1,496$780$391$191$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,790,000, adding $6,144 every year, while hoping to spend $31,547 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: 84/5/11 Blend
72$2,790,000$2,790,000$2,790,000$2,790,000
73$3,080,918$2,933,048$2,889,803$3,333,727
74$3,361,605$3,043,201$2,953,045$3,610,186
75$3,669,866$3,157,695$3,017,349$3,908,949
76$4,008,479$3,276,708$3,082,717$4,236,170
77$4,380,505$3,400,428$3,149,149$4,594,691
78$4,789,317$3,529,050$3,216,646$4,987,647
79$5,238,631$3,662,777$3,285,208$5,418,487
80$5,732,541$3,801,823$3,354,832$5,891,010
81$6,275,556$3,946,408$3,425,514$6,409,404
82$6,872,645$4,096,764$3,497,251$6,978,280
83$7,529,281$4,253,132$3,570,036$7,602,715
84$8,251,497$4,415,765$3,643,861$8,288,307
85$9,045,937$4,584,925$3,718,718$9,041,220
86$9,919,923$4,760,886$3,794,595$9,868,243
87$10,881,521$4,943,936$3,871,480$10,776,857
88$11,939,620$5,134,372$3,949,358$11,775,306
89$13,104,013$5,332,508$4,028,213$12,872,668
90$14,385,490$5,538,669$4,108,026$14,078,947
91$15,795,942$5,753,195$4,188,777$15,405,165
92$17,348,468$5,976,441$4,270,441$16,863,465
93$19,057,503$6,208,779$4,352,992$18,467,226
94$20,938,955$6,450,595$4,436,404$20,231,188
95$23,010,348$6,702,295$4,520,643$22,171,595
96$25,290,996$6,964,299$4,605,677$24,306,340
97$27,802,178$7,237,050$4,691,467$26,655,142
98$30,567,342$7,521,008$4,777,974$29,239,726
99$33,612,328$7,816,654$4,865,153$32,084,030
100$36,965,607$8,124,491$4,952,957$35,214,432