Can I retire at age 73 with 2,830,000?

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$233,699$231,617$229,586$227,604$225,668$217,143
2 years$115,692$113,538$111,450$109,425$107,461$98,971
3 years$76,362$74,198$72,115$70,110$68,178$59,990
4 years$56,701$54,544$52,481$50,510$48,625$40,802
5 years$44,907$42,763$40,728$38,797$36,964$29,526
6 years$37,047$34,919$32,914$31,026$29,248$22,201
7 years$31,435$29,325$27,352$25,508$23,787$17,127
8 years$27,228$25,137$23,196$21,398$19,733$13,455
9 years$23,958$21,886$19,979$18,226$16,618$10,713
10 years$21,343$19,292$17,418$15,711$14,160$8,616
11 years$19,205$17,174$15,335$13,674$12,178$6,984
12 years$17,424$15,415$13,609$11,994$10,553$5,696
13 years$15,919$13,930$12,159$10,589$9,202$4,668
14 years$14,630$12,662$10,925$9,399$8,067$3,840
15 years$13,514$11,567$9,864$8,383$7,103$3,169
16 years$12,538$10,613$8,943$7,506$6,277$2,622
17 years$11,678$9,774$8,138$6,744$5,566$2,174
18 years$10,914$9,032$7,429$6,077$4,949$1,806
19 years$10,232$8,370$6,801$5,492$4,411$1,502
20 years$9,618$7,778$6,241$4,974$3,940$1,251
21 years$9,064$7,245$5,741$4,514$3,526$1,042
22 years$8,561$6,763$5,291$4,104$3,160$870
23 years$8,102$6,325$4,885$3,738$2,837$726
24 years$7,682$5,926$4,518$3,409$2,550$606
25 years$7,296$5,562$4,185$3,113$2,295$507
26 years$6,941$5,227$3,881$2,847$2,067$423
27 years$6,612$4,919$3,604$2,606$1,863$354
28 years$6,307$4,635$3,350$2,387$1,681$296
29 years$6,024$4,373$3,118$2,189$1,518$248
30 years$5,761$4,130$2,904$2,009$1,372$207
31 years$5,514$3,904$2,707$1,845$1,240$173
32 years$5,284$3,694$2,526$1,696$1,122$145
33 years$5,068$3,498$2,359$1,559$1,015$122
34 years$4,865$3,316$2,204$1,435$919$102
35 years$4,674$3,145$2,060$1,321$833$85
36 years$4,495$2,985$1,927$1,216$754$71
37 years$4,325$2,835$1,804$1,121$684$60
38 years$4,165$2,694$1,689$1,033$620$50
39 years$4,013$2,562$1,583$953$562$42
40 years$3,869$2,437$1,483$879$510$35
41 years$3,733$2,320$1,391$811$463$29
42 years$3,603$2,210$1,305$748$420$25
43 years$3,480$2,105$1,224$691$381$21
44 years$3,362$2,007$1,149$638$346$17
45 years$3,251$1,914$1,079$589$314$14
46 years$3,144$1,826$1,014$544$285$12
47 years$3,042$1,742$952$503$259$10
48 years$2,945$1,663$895$464$235$8
49 years$2,852$1,588$841$429$213$7
50 years$2,763$1,517$791$397$194$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,830,000, adding $4,879 every year, while hoping to spend $36,647 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: 34/48/18 Blend
72$2,830,000$2,830,000$2,830,000$2,830,000
73$3,123,693$2,973,703$2,929,838$3,212,418
74$3,403,317$3,080,422$2,988,995$3,384,756
75$3,710,235$3,191,142$3,048,906$3,566,726
76$4,047,192$3,306,021$3,109,557$3,762,185
77$4,417,211$3,425,222$3,170,933$3,972,346
78$4,823,625$3,548,915$3,233,017$4,198,539
79$5,270,102$3,677,280$3,295,791$4,442,226
80$5,760,685$3,810,499$3,359,233$4,705,011
81$6,299,829$3,948,768$3,423,321$4,988,655
82$6,892,439$4,092,285$3,488,029$5,295,094
83$7,543,921$4,241,260$3,553,332$5,626,453
84$8,260,230$4,395,911$3,619,198$5,985,067
85$9,047,929$4,556,466$3,685,596$6,373,504
86$9,914,245$4,723,160$3,752,491$6,794,584
87$10,867,143$4,896,240$3,819,844$7,251,410
88$11,915,398$5,075,963$3,887,616$7,747,390
89$13,068,680$5,262,596$3,955,762$8,286,274
90$14,337,640$5,456,418$4,024,235$8,872,185
91$15,734,017$5,657,720$4,092,985$9,509,658
92$17,270,744$5,866,805$4,161,956$10,203,682
93$18,962,070$6,083,989$4,231,092$10,959,743
94$20,823,697$6,309,600$4,300,330$11,783,880
95$22,872,926$6,543,983$4,369,603$12,682,735
96$25,128,821$6,787,495$4,438,841$13,663,619
97$27,612,387$7,040,508$4,507,969$14,734,574
98$30,346,771$7,303,413$4,576,905$15,904,456
99$33,357,475$7,576,614$4,645,566$17,183,008
100$36,672,605$7,860,536$4,713,860$18,580,957