Can I retire at age 73 with 2,810,000?

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 $2,810,000?

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 years$232,047$229,980$227,964$225,995$224,073$217,686
2 years$114,875$112,735$110,662$108,652$106,702$100,316
3 years$75,822$73,674$71,606$69,614$67,696$61,512
4 years$56,300$54,158$52,111$50,153$48,281$42,347
5 years$44,590$42,461$40,440$38,522$36,703$31,034
6 years$36,785$34,672$32,681$30,807$29,042$23,644
7 years$31,213$29,118$27,158$25,328$23,619$18,492
8 years$27,036$24,959$23,033$21,247$19,594$14,735
9 years$23,788$21,732$19,838$18,098$16,501$11,905
10 years$21,192$19,155$17,295$15,600$14,060$9,721
11 years$19,069$17,053$15,226$13,577$12,092$8,003
12 years$17,301$15,306$13,513$11,909$10,478$6,632
13 years$15,807$13,832$12,073$10,514$9,137$5,524
14 years$14,527$12,573$10,848$9,333$8,010$4,622
15 years$13,418$11,485$9,794$8,323$7,052$3,880
16 years$12,449$10,538$8,880$7,453$6,233$3,266
17 years$11,595$9,705$8,080$6,696$5,527$2,756
18 years$10,837$8,968$7,376$6,035$4,914$2,331
19 years$10,159$8,311$6,752$5,453$4,380$1,974
20 years$9,550$7,723$6,197$4,938$3,912$1,674
21 years$9,000$7,194$5,700$4,482$3,501$1,421
22 years$8,500$6,715$5,254$4,075$3,138$1,208
23 years$8,045$6,281$4,851$3,711$2,817$1,028
24 years$7,628$5,884$4,486$3,385$2,532$875
25 years$7,245$5,522$4,155$3,091$2,278$745
26 years$6,892$5,190$3,854$2,827$2,052$635
27 years$6,565$4,884$3,578$2,587$1,850$541
28 years$6,263$4,603$3,327$2,370$1,670$462
29 years$5,982$4,342$3,096$2,174$1,508$394
30 years$5,720$4,101$2,883$1,995$1,362$336
31 years$5,475$3,876$2,688$1,832$1,232$287
32 years$5,247$3,668$2,508$1,684$1,114$245
33 years$5,032$3,474$2,342$1,548$1,008$209
34 years$4,831$3,292$2,188$1,425$913$179
35 years$4,641$3,123$2,046$1,312$827$153
36 years$4,463$2,964$1,914$1,208$749$130
37 years$4,294$2,815$1,791$1,113$679$111
38 years$4,135$2,675$1,677$1,026$616$95
39 years$3,985$2,544$1,572$946$558$81
40 years$3,842$2,420$1,473$872$506$69
41 years$3,706$2,304$1,381$805$459$59
42 years$3,578$2,194$1,296$743$417$51
43 years$3,455$2,090$1,216$686$378$43
44 years$3,339$1,993$1,141$633$343$37
45 years$3,228$1,900$1,072$585$312$32
46 years$3,122$1,813$1,006$540$283$27
47 years$3,021$1,730$946$499$257$23
48 years$2,924$1,651$889$461$233$20
49 years$2,832$1,577$835$426$212$17
50 years$2,744$1,506$785$394$193$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,810,000, adding $3,970 every year, while hoping to spend $37,836 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: 49/27/24 Blend
72$2,810,000$2,810,000$2,810,000$2,810,000
73$3,100,715$2,951,785$2,908,230$3,231,424
74$3,376,731$3,056,165$2,965,399$3,427,371
75$3,679,632$3,164,392$3,023,214$3,636,015
76$4,012,121$3,276,614$3,081,658$3,861,927
77$4,377,175$3,392,985$3,140,711$4,106,752
78$4,778,072$3,513,667$3,200,351$4,372,302
79$5,218,426$3,638,827$3,260,553$4,660,567
80$5,702,214$3,768,639$3,321,290$4,973,741
81$6,233,822$3,903,284$3,382,535$5,314,234
82$6,818,078$4,042,951$3,444,256$5,684,700
83$7,460,303$4,187,837$3,506,420$6,088,060
84$8,166,359$4,338,145$3,568,990$6,527,527
85$8,942,703$4,494,090$3,631,926$7,006,639
86$9,796,450$4,655,892$3,695,188$7,529,291
87$10,735,440$4,823,782$3,758,728$8,099,770
88$11,768,308$4,998,002$3,822,500$8,722,796
89$12,904,572$5,178,800$3,886,450$9,403,565
90$14,154,716$5,366,439$3,950,523$10,147,799
91$15,530,291$5,561,188$4,014,660$10,961,798
92$17,044,027$5,763,333$4,078,797$11,852,500
93$18,709,947$5,973,165$4,142,866$12,827,544
94$20,543,506$6,190,994$4,206,796$13,895,345
95$22,561,729$6,417,139$4,270,509$15,065,167
96$24,783,379$6,651,932$4,333,925$16,347,217
97$27,229,128$6,895,721$4,396,956$17,752,734
98$29,921,756$7,148,868$4,459,511$19,294,099
99$32,886,362$7,411,750$4,521,492$20,984,947
100$36,150,605$7,684,760$4,582,795$22,840,299