Can I retire at age 73 with 2,840,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,840,000?

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$234,525$232,436$230,397$228,408$226,466$219,921
2 years$116,101$113,939$111,843$109,812$107,841$101,300
3 years$76,632$74,460$72,370$70,357$68,419$62,085
4 years$56,901$54,736$52,667$50,689$48,797$42,720
5 years$45,066$42,914$40,872$38,934$37,094$31,291
6 years$37,178$35,042$33,030$31,136$29,352$23,827
7 years$31,546$29,429$27,448$25,598$23,871$18,624
8 years$27,324$25,226$23,278$21,474$19,803$14,832
9 years$24,042$21,964$20,050$18,291$16,677$11,976
10 years$21,418$19,360$17,480$15,767$14,210$9,773
11 years$19,273$17,235$15,389$13,722$12,221$8,041
12 years$17,486$15,469$13,657$12,036$10,590$6,659
13 years$15,975$13,980$12,202$10,626$9,235$5,543
14 years$14,682$12,707$10,963$9,433$8,095$4,634
15 years$13,561$11,608$9,899$8,412$7,128$3,887
16 years$12,582$10,650$8,974$7,532$6,300$3,270
17 years$11,719$9,808$8,166$6,768$5,586$2,758
18 years$10,953$9,063$7,455$6,099$4,966$2,330
19 years$10,268$8,400$6,825$5,511$4,427$1,972
20 years$9,652$7,806$6,263$4,991$3,954$1,671
21 years$9,096$7,271$5,761$4,530$3,538$1,418
22 years$8,591$6,787$5,310$4,119$3,172$1,204
23 years$8,131$6,348$4,903$3,751$2,847$1,024
24 years$7,709$5,947$4,534$3,421$2,559$871
25 years$7,322$5,581$4,199$3,124$2,303$741
26 years$6,965$5,245$3,895$2,857$2,074$631
27 years$6,635$4,937$3,617$2,615$1,870$538
28 years$6,330$4,652$3,362$2,396$1,687$458
29 years$6,046$4,388$3,129$2,197$1,524$390
30 years$5,781$4,144$2,914$2,016$1,377$333
31 years$5,534$3,918$2,717$1,852$1,245$284
32 years$5,303$3,707$2,535$1,702$1,126$242
33 years$5,086$3,511$2,367$1,565$1,019$207
34 years$4,882$3,327$2,211$1,440$923$176
35 years$4,691$3,156$2,068$1,326$836$150
36 years$4,511$2,995$1,934$1,221$757$128
37 years$4,340$2,845$1,810$1,125$686$110
38 years$4,179$2,704$1,695$1,037$622$94
39 years$4,027$2,571$1,588$956$564$80
40 years$3,883$2,446$1,489$882$512$68
41 years$3,746$2,328$1,396$813$464$58
42 years$3,616$2,217$1,309$751$421$50
43 years$3,492$2,113$1,229$693$382$42
44 years$3,374$2,014$1,153$640$347$36
45 years$3,262$1,920$1,083$591$315$31
46 years$3,155$1,832$1,017$546$286$26
47 years$3,053$1,748$956$504$260$23
48 years$2,955$1,669$898$466$236$19
49 years$2,862$1,594$844$431$214$16
50 years$2,773$1,522$794$398$195$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,840,000, adding $5,249 every year, while hoping to spend $59,763 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: 29/45/26 Blend
72$2,840,000$2,840,000$2,840,000$2,840,000
73$3,135,094$2,984,574$2,940,554$3,200,611
74$3,391,287$3,067,231$2,975,476$3,335,051
75$3,671,607$3,151,935$3,009,564$3,473,901
76$3,978,455$3,238,723$3,042,728$3,621,968
77$4,314,470$3,327,633$3,074,871$3,780,087
78$4,682,560$3,418,701$3,105,893$3,949,179
79$5,085,927$3,511,964$3,135,687$4,130,254
80$5,528,099$3,607,458$3,164,140$4,324,428
81$6,012,960$3,705,218$3,191,134$4,532,927
82$6,544,788$3,805,280$3,216,543$4,757,101
83$7,128,296$3,907,678$3,240,236$4,998,436
84$7,768,673$4,012,445$3,262,076$5,258,572
85$8,471,638$4,119,615$3,281,915$5,539,310
86$9,243,487$4,229,219$3,299,602$5,842,639
87$10,091,160$4,341,287$3,314,975$6,170,746
88$11,022,297$4,455,849$3,327,865$6,526,042
89$12,045,317$4,572,932$3,338,095$6,911,184
90$13,169,497$4,692,563$3,345,479$7,329,098
91$14,405,053$4,814,765$3,349,819$7,783,007
92$15,763,242$4,939,563$3,350,912$8,276,466
93$17,256,466$5,066,974$3,348,541$8,813,390
94$18,898,388$5,197,018$3,342,479$9,398,091
95$20,704,061$5,329,710$3,332,490$10,035,326
96$22,690,072$5,465,062$3,318,325$10,730,334
97$24,874,692$5,603,084$3,299,722$11,488,888
98$27,278,057$5,743,780$3,276,408$12,317,353
99$29,922,348$5,887,155$3,248,097$13,222,743
100$32,832,007$6,033,205$3,214,489$14,212,786