Can I retire at age 73 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$232,873$230,799$228,775$226,800$224,871$223,829
2 years$115,284$113,137$111,056$109,038$107,081$106,030
3 years$76,092$73,936$71,860$69,862$67,937$66,908
4 years$56,501$54,351$52,296$50,332$48,453$47,455
5 years$44,748$42,612$40,584$38,659$36,833$35,869
6 years$36,916$34,796$32,798$30,916$29,145$28,215
7 years$31,324$29,221$27,255$25,418$23,703$22,808
8 years$27,132$25,048$23,114$21,323$19,664$18,805
9 years$23,873$21,809$19,909$18,162$16,560$15,736
10 years$21,267$19,223$17,357$15,656$14,110$13,321
11 years$19,137$17,113$15,281$13,625$12,135$11,380
12 years$17,363$15,360$13,561$11,951$10,516$9,795
13 years$15,863$13,881$12,116$10,551$9,170$8,482
14 years$14,578$12,618$10,886$9,366$8,038$7,383
15 years$13,466$11,526$9,829$8,353$7,078$6,454
16 years$12,494$10,575$8,911$7,479$6,255$5,662
17 years$11,637$9,739$8,109$6,720$5,546$4,983
18 years$10,876$9,000$7,402$6,056$4,931$4,397
19 years$10,196$8,341$6,777$5,472$4,396$3,889
20 years$9,584$7,751$6,219$4,956$3,926$3,446
21 years$9,032$7,219$5,720$4,498$3,513$3,060
22 years$8,530$6,739$5,272$4,090$3,149$2,721
23 years$8,073$6,303$4,868$3,725$2,827$2,422
24 years$7,655$5,905$4,502$3,397$2,541$2,159
25 years$7,270$5,542$4,170$3,102$2,287$1,927
26 years$6,916$5,209$3,867$2,837$2,060$1,721
27 years$6,589$4,902$3,591$2,596$1,857$1,538
28 years$6,285$4,619$3,338$2,379$1,676$1,376
29 years$6,003$4,357$3,107$2,181$1,513$1,232
30 years$5,740$4,115$2,894$2,002$1,367$1,103
31 years$5,495$3,890$2,698$1,839$1,236$989
32 years$5,265$3,681$2,517$1,690$1,118$886
33 years$5,050$3,486$2,350$1,554$1,012$795
34 years$4,848$3,304$2,196$1,430$916$713
35 years$4,658$3,134$2,053$1,316$830$640
36 years$4,479$2,974$1,921$1,212$752$575
37 years$4,310$2,825$1,798$1,117$681$516
38 years$4,150$2,685$1,683$1,029$618$464
39 years$3,999$2,553$1,577$949$560$416
40 years$3,855$2,429$1,478$875$508$374
41 years$3,719$2,312$1,386$808$461$336
42 years$3,590$2,202$1,300$745$418$302
43 years$3,467$2,098$1,220$688$380$272
44 years$3,351$2,000$1,145$635$345$244
45 years$3,239$1,907$1,075$587$313$220
46 years$3,133$1,819$1,010$542$284$198
47 years$3,032$1,736$949$501$258$178
48 years$2,935$1,657$892$463$234$160
49 years$2,842$1,583$838$428$213$144
50 years$2,753$1,512$788$395$193$129

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,820,000, adding $4,505 every year, while hoping to spend $36,195 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: 35/36/29 Blend
72$2,820,000$2,820,000$2,820,000$2,820,000
73$3,112,287$2,962,827$2,919,117$3,193,901
74$3,391,229$3,069,494$2,978,396$3,362,259
75$3,697,410$3,180,175$3,038,448$3,540,226
76$4,033,570$3,295,028$3,099,260$3,731,561
77$4,402,728$3,414,218$3,160,819$3,937,488
78$4,808,209$3,537,917$3,223,109$4,159,348
79$5,253,675$3,666,304$3,286,112$4,398,618
80$5,743,162$3,799,565$3,349,809$4,656,918
81$6,281,116$3,937,895$3,414,179$4,936,031
82$6,872,433$4,081,496$3,479,198$5,237,914
83$7,522,511$4,230,578$3,544,840$5,564,720
84$8,237,292$4,385,362$3,611,078$5,918,817
85$9,023,327$4,546,076$3,677,880$6,302,809
86$9,887,832$4,712,959$3,745,214$6,719,558
87$10,838,755$4,886,259$3,813,044$7,172,215
88$11,884,858$5,066,235$3,881,330$7,664,244
89$13,035,790$5,253,157$3,950,031$8,199,457
90$14,302,186$5,447,307$4,019,102$8,782,048
91$15,695,761$5,648,977$4,088,495$9,416,632
92$17,229,426$5,858,474$4,158,157$10,108,289
93$18,917,404$6,076,117$4,228,032$10,862,610
94$20,775,370$6,302,237$4,298,061$11,685,746
95$22,820,592$6,537,181$4,368,181$12,584,470
96$25,072,101$6,781,311$4,438,323$13,566,240
97$27,550,863$7,035,003$4,508,415$14,639,261
98$30,279,983$7,298,650$4,578,379$15,812,572
99$33,284,920$7,572,662$4,648,133$17,096,122
100$36,593,726$7,857,467$4,717,590$18,500,865