Can I retire at age 73 with 2,800,000?

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$231,221$229,162$227,152$225,191$223,276$216,824
2 years$114,466$112,334$110,268$108,265$106,322$99,873
3 years$75,553$73,412$71,351$69,366$67,455$61,211
4 years$56,100$53,965$51,925$49,975$48,109$42,118
5 years$44,431$42,309$40,296$38,385$36,572$30,850
6 years$36,655$34,549$32,565$30,697$28,938$23,491
7 years$31,102$29,014$27,062$25,238$23,535$18,362
8 years$26,940$24,870$22,951$21,171$19,524$14,623
9 years$23,704$21,654$19,767$18,033$16,442$11,808
10 years$21,117$19,087$17,234$15,545$14,010$9,635
11 years$19,001$16,992$15,172$13,529$12,049$7,927
12 years$17,240$15,251$13,465$11,866$10,441$6,565
13 years$15,750$13,783$12,030$10,476$9,105$5,465
14 years$14,475$12,528$10,809$9,300$7,981$4,568
15 years$13,370$11,445$9,759$8,294$7,027$3,832
16 years$12,405$10,500$8,848$7,426$6,211$3,224
17 years$11,554$9,670$8,051$6,672$5,507$2,719
18 years$10,799$8,936$7,350$6,013$4,896$2,297
19 years$10,123$8,282$6,728$5,433$4,364$1,944
20 years$9,516$7,696$6,175$4,921$3,898$1,648
21 years$8,968$7,168$5,680$4,466$3,489$1,398
22 years$8,470$6,691$5,235$4,061$3,127$1,187
23 years$8,016$6,258$4,833$3,698$2,807$1,009
24 years$7,601$5,864$4,470$3,373$2,523$858
25 years$7,219$5,503$4,140$3,080$2,270$731
26 years$6,867$5,172$3,840$2,816$2,045$622
27 years$6,542$4,867$3,566$2,578$1,844$530
28 years$6,241$4,586$3,315$2,362$1,664$452
29 years$5,961$4,327$3,085$2,166$1,502$385
30 years$5,700$4,086$2,873$1,988$1,357$328
31 years$5,456$3,863$2,679$1,826$1,227$280
32 years$5,228$3,655$2,499$1,678$1,110$239
33 years$5,014$3,461$2,334$1,543$1,005$204
34 years$4,814$3,280$2,180$1,420$910$174
35 years$4,625$3,111$2,038$1,307$824$148
36 years$4,447$2,953$1,907$1,204$746$127
37 years$4,279$2,805$1,785$1,109$677$108
38 years$4,120$2,666$1,671$1,022$613$92
39 years$3,970$2,535$1,566$942$556$79
40 years$3,828$2,412$1,468$869$504$67
41 years$3,693$2,296$1,376$802$458$57
42 years$3,565$2,186$1,291$740$415$49
43 years$3,443$2,083$1,211$683$377$42
44 years$3,327$1,986$1,137$631$342$36
45 years$3,216$1,893$1,068$583$311$31
46 years$3,111$1,806$1,003$538$282$26
47 years$3,010$1,724$942$497$256$22
48 years$2,914$1,646$885$459$233$19
49 years$2,822$1,571$832$425$211$16
50 years$2,734$1,501$782$392$192$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,800,000, adding $2,528 every year, while hoping to spend $56,352 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: 40/33/27 Blend
72$2,800,000$2,800,000$2,800,000$2,800,000
73$3,088,208$2,939,808$2,896,408$3,187,011
74$3,343,247$3,023,900$2,933,479$3,343,017
75$3,622,411$3,110,224$2,969,904$3,506,245
76$3,928,102$3,198,831$3,005,601$3,681,756
77$4,262,964$3,289,769$3,040,484$3,870,710
78$4,629,909$3,383,090$3,074,463$4,074,383
79$5,032,144$3,478,846$3,107,442$4,294,180
80$5,473,202$3,577,089$3,139,320$4,531,647
81$5,956,973$3,677,870$3,169,992$4,788,490
82$6,487,741$3,781,243$3,199,344$5,066,583
83$7,070,228$3,887,261$3,227,259$5,367,993
84$7,709,631$3,995,977$3,253,612$5,694,994
85$8,411,679$4,107,444$3,278,273$6,050,095
86$9,182,678$4,221,717$3,301,103$6,436,055
87$10,029,579$4,338,849$3,321,958$6,855,917
88$10,960,037$4,458,894$3,340,685$7,313,032
89$11,982,487$4,581,906$3,357,123$7,811,090
90$13,106,219$4,707,938$3,371,105$8,354,159
91$14,341,469$4,837,043$3,382,454$8,946,722
92$15,699,515$4,969,274$3,390,982$9,593,714
93$17,192,782$5,104,684$3,396,495$10,300,577
94$18,834,956$5,243,324$3,398,789$11,073,305
95$20,641,121$5,385,246$3,397,647$11,918,505
96$22,627,891$5,530,500$3,392,845$12,843,455
97$24,813,576$5,679,134$3,384,145$13,856,177
98$27,218,346$5,831,197$3,371,299$14,965,509
99$29,864,427$5,986,735$3,354,048$16,181,193
100$32,776,308$6,145,794$3,332,117$17,513,962