Can I retire at age 73 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$239,479$237,346$235,265$233,234$231,250$222,426
2 years$118,554$116,346$114,206$112,132$110,119$101,333
3 years$78,251$76,033$73,899$71,844$69,864$61,392
4 years$58,103$55,893$53,780$51,759$49,828$41,735
5 years$46,018$43,821$41,735$39,756$37,878$30,185
6 years$37,964$35,783$33,728$31,793$29,972$22,683
7 years$32,213$30,050$28,028$26,139$24,375$17,489
8 years$27,902$25,759$23,770$21,927$20,221$13,732
9 years$24,550$22,428$20,473$18,677$17,029$10,927
10 years$21,871$19,769$17,849$16,100$14,510$8,783
11 years$19,680$17,599$15,714$14,012$12,479$7,114
12 years$17,855$15,796$13,946$12,290$10,814$5,798
13 years$16,313$14,275$12,460$10,850$9,430$4,749
14 years$14,992$12,975$11,195$9,632$8,266$3,904
15 years$13,848$11,853$10,108$8,590$7,278$3,220
16 years$12,848$10,875$9,164$7,691$6,433$2,662
17 years$11,967$10,016$8,339$6,911$5,704$2,205
18 years$11,184$9,255$7,612$6,228$5,071$1,830
19 years$10,485$8,577$6,969$5,627$4,520$1,521
20 years$9,856$7,970$6,396$5,097$4,038$1,266
21 years$9,288$7,424$5,883$4,626$3,613$1,054
22 years$8,772$6,930$5,422$4,206$3,239$879
23 years$8,302$6,482$5,006$3,830$2,907$733
24 years$7,872$6,073$4,630$3,493$2,613$612
25 years$7,477$5,699$4,288$3,190$2,351$511
26 years$7,112$5,356$3,977$2,917$2,118$426
27 years$6,776$5,041$3,693$2,670$1,910$356
28 years$6,463$4,750$3,433$2,446$1,723$298
29 years$6,173$4,481$3,195$2,243$1,556$249
30 years$5,903$4,232$2,976$2,059$1,406$208
31 years$5,651$4,001$2,774$1,891$1,271$174
32 years$5,415$3,785$2,588$1,738$1,150$146
33 years$5,193$3,585$2,417$1,598$1,040$122
34 years$4,986$3,398$2,258$1,470$942$102
35 years$4,790$3,223$2,111$1,354$853$85
36 years$4,606$3,059$1,975$1,247$773$71
37 years$4,432$2,905$1,849$1,149$701$60
38 years$4,268$2,761$1,731$1,059$635$50
39 years$4,112$2,625$1,622$976$576$42
40 years$3,965$2,498$1,520$900$522$35
41 years$3,825$2,378$1,425$831$474$29
42 years$3,692$2,264$1,337$767$430$24
43 years$3,566$2,157$1,255$708$390$20
44 years$3,446$2,056$1,178$653$354$17
45 years$3,331$1,961$1,106$603$322$14
46 years$3,222$1,871$1,039$557$292$12
47 years$3,118$1,785$976$515$265$10
48 years$3,018$1,704$917$476$241$8
49 years$2,923$1,628$862$440$219$7
50 years$2,831$1,555$810$406$199$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,900,000, adding $5,064 every year, while hoping to spend $44,947 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: 36/49/15 Blend
72$2,900,000$2,900,000$2,900,000$2,900,000
73$3,201,024$3,047,324$3,002,374$3,301,364
74$3,479,705$3,148,819$3,055,130$3,475,759
75$3,785,305$3,253,782$3,108,147$3,659,267
76$4,120,522$3,362,333$3,161,386$3,856,406
77$4,488,329$3,474,601$3,214,806$4,068,416
78$4,891,999$3,590,717$3,268,363$4,296,656
79$5,335,138$3,710,817$3,322,008$4,542,619
80$5,821,718$3,835,043$3,375,691$4,807,946
81$6,356,114$3,963,541$3,429,357$5,094,440
82$6,943,147$4,096,464$3,482,950$5,404,083
83$7,588,127$4,233,970$3,536,408$5,739,053
84$8,296,903$4,376,222$3,589,665$6,101,745
85$9,075,921$4,523,390$3,642,652$6,494,792
86$9,932,279$4,675,650$3,695,295$6,921,090
87$10,873,800$4,833,185$3,747,516$7,383,825
88$11,909,102$4,996,186$3,799,232$7,886,499
89$13,047,679$5,164,847$3,850,355$8,432,967
90$14,299,992$5,339,375$3,900,792$9,027,470
91$15,677,567$5,519,980$3,950,444$9,674,674
92$17,193,102$5,706,882$3,999,207$10,379,715
93$18,860,589$5,900,310$4,046,971$11,148,242
94$20,695,444$6,100,500$4,093,620$11,986,475
95$22,714,653$6,307,698$4,139,030$12,901,262
96$24,936,932$6,522,160$4,183,072$13,900,138
97$27,382,904$6,744,150$4,225,609$14,991,399
98$30,075,290$6,973,943$4,266,497$16,184,179
99$33,039,128$7,211,825$4,305,583$17,488,534
100$36,302,007$7,458,092$4,342,708$18,915,538