Can I retire at age 73 with 2,870,000?

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$237,002$234,891$232,831$230,821$228,858$221,621
2 years$117,328$115,143$113,025$110,972$108,980$101,754
3 years$77,441$75,247$73,135$71,101$69,141$62,154
4 years$57,502$55,314$53,223$51,224$49,312$42,616
5 years$45,542$43,367$41,303$39,345$37,486$31,100
6 years$37,571$35,413$33,379$31,464$29,662$23,591
7 years$31,880$29,739$27,738$25,869$24,123$18,366
8 years$27,613$25,492$23,524$21,701$20,012$14,566
9 years$24,296$22,196$20,261$18,484$16,853$11,712
10 years$21,645$19,564$17,664$15,933$14,360$9,515
11 years$19,476$17,417$15,551$13,867$12,350$7,793
12 years$17,671$15,632$13,802$12,163$10,702$6,424
13 years$16,144$14,127$12,331$10,738$9,332$5,322
14 years$14,837$12,841$11,079$9,532$8,181$4,428
15 years$13,705$11,731$10,003$8,501$7,203$3,696
16 years$12,715$10,763$9,069$7,612$6,366$3,094
17 years$11,843$9,912$8,253$6,839$5,645$2,596
18 years$11,068$9,159$7,534$6,163$5,019$2,182
19 years$10,376$8,489$6,897$5,569$4,473$1,837
20 years$9,754$7,888$6,329$5,044$3,996$1,548
21 years$9,192$7,347$5,822$4,578$3,576$1,307
22 years$8,682$6,859$5,366$4,162$3,205$1,104
23 years$8,216$6,415$4,954$3,791$2,877$933
24 years$7,791$6,010$4,582$3,457$2,586$789
25 years$7,399$5,640$4,244$3,157$2,327$668
26 years$7,039$5,301$3,936$2,887$2,096$566
27 years$6,706$4,989$3,655$2,642$1,890$479
28 years$6,397$4,701$3,398$2,421$1,705$406
29 years$6,110$4,435$3,162$2,220$1,540$344
30 years$5,842$4,188$2,945$2,038$1,391$292
31 years$5,592$3,959$2,746$1,871$1,258$247
32 years$5,359$3,746$2,562$1,720$1,138$210
33 years$5,140$3,548$2,392$1,581$1,030$178
34 years$4,934$3,362$2,235$1,455$932$151
35 years$4,741$3,189$2,089$1,340$844$128
36 years$4,558$3,027$1,955$1,234$765$109
37 years$4,386$2,875$1,829$1,137$693$92
38 years$4,224$2,732$1,713$1,048$629$78
39 years$4,070$2,598$1,605$966$570$66
40 years$3,924$2,472$1,504$891$517$56
41 years$3,785$2,353$1,411$822$469$48
42 years$3,654$2,241$1,323$759$426$41
43 years$3,529$2,135$1,242$700$386$34
44 years$3,410$2,035$1,166$647$351$29
45 years$3,297$1,941$1,094$597$318$25
46 years$3,188$1,851$1,028$552$289$21
47 years$3,085$1,767$966$510$262$18
48 years$2,987$1,687$907$471$238$15
49 years$2,892$1,611$853$435$216$13
50 years$2,802$1,539$802$402$197$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,870,000, adding $3,445 every year, while hoping to spend $51,731 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: 47/47/6 Blend
72$2,870,000$2,870,000$2,870,000$2,870,000
73$3,166,294$3,014,184$2,969,699$3,309,925
74$3,434,214$3,106,837$3,014,142$3,501,405
75$3,727,729$3,202,297$3,058,341$3,703,359
76$4,049,393$3,300,646$3,102,231$3,921,304
77$4,402,023$3,401,969$3,145,748$4,156,733
78$4,788,718$3,506,354$3,188,819$4,411,293
79$5,212,894$3,613,892$3,231,371$4,686,791
80$5,678,310$3,724,674$3,273,323$4,985,217
81$6,189,111$3,838,796$3,314,592$5,308,758
82$6,749,859$3,956,356$3,355,090$5,659,821
83$7,365,581$4,077,454$3,394,722$6,041,053
84$8,041,815$4,202,194$3,433,390$6,455,367
85$8,784,660$4,330,681$3,470,989$6,905,969
86$9,600,837$4,463,026$3,507,408$7,396,386
87$10,497,749$4,599,341$3,542,533$7,930,501
88$11,483,551$4,739,740$3,576,239$8,512,588
89$12,567,228$4,884,342$3,608,398$9,147,350
90$13,758,679$5,033,269$3,638,873$9,839,967
91$15,068,811$5,186,645$3,667,522$10,596,140
92$16,509,638$5,344,600$3,694,192$11,422,147
93$18,094,400$5,507,264$3,718,727$12,324,899
94$19,837,682$5,674,773$3,740,957$13,312,008
95$21,755,555$5,847,266$3,760,709$14,391,856
96$23,865,725$6,024,886$3,777,796$15,573,672
97$26,187,703$6,207,779$3,792,026$16,867,621
98$28,742,984$6,396,096$3,803,194$18,284,900
99$31,555,254$6,589,990$3,811,087$19,837,839
100$34,650,611$6,789,621$3,815,479$21,540,019