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%16.3%
1 years$239,479$237,346$235,265$233,234$231,250$225,294
2 years$118,554$116,346$114,206$112,132$110,119$104,158
3 years$78,251$76,033$73,899$71,844$69,864$64,085
4 years$58,103$55,893$53,780$51,759$49,828$44,274
5 years$46,018$43,821$41,735$39,756$37,878$32,566
6 years$37,964$35,783$33,728$31,793$29,972$24,906
7 years$32,213$30,050$28,028$26,139$24,375$19,557
8 years$27,902$25,759$23,770$21,927$20,221$15,648
9 years$24,550$22,428$20,473$18,677$17,029$12,696
10 years$21,871$19,769$17,849$16,100$14,510$10,412
11 years$19,680$17,599$15,714$14,012$12,479$8,611
12 years$17,855$15,796$13,946$12,290$10,814$7,168
13 years$16,313$14,275$12,460$10,850$9,430$6,000
14 years$14,992$12,975$11,195$9,632$8,266$5,043
15 years$13,848$11,853$10,108$8,590$7,278$4,255
16 years$12,848$10,875$9,164$7,691$6,433$3,600
17 years$11,967$10,016$8,339$6,911$5,704$3,053
18 years$11,184$9,255$7,612$6,228$5,071$2,595
19 years$10,485$8,577$6,969$5,627$4,520$2,210
20 years$9,856$7,970$6,396$5,097$4,038$1,884
21 years$9,288$7,424$5,883$4,626$3,613$1,608
22 years$8,772$6,930$5,422$4,206$3,239$1,374
23 years$8,302$6,482$5,006$3,830$2,907$1,176
24 years$7,872$6,073$4,630$3,493$2,613$1,006
25 years$7,477$5,699$4,288$3,190$2,351$862
26 years$7,112$5,356$3,977$2,917$2,118$739
27 years$6,776$5,041$3,693$2,670$1,910$633
28 years$6,463$4,750$3,433$2,446$1,723$543
29 years$6,173$4,481$3,195$2,243$1,556$466
30 years$5,903$4,232$2,976$2,059$1,406$400
31 years$5,651$4,001$2,774$1,891$1,271$344
32 years$5,415$3,785$2,588$1,738$1,150$295
33 years$5,193$3,585$2,417$1,598$1,040$253
34 years$4,986$3,398$2,258$1,470$942$218
35 years$4,790$3,223$2,111$1,354$853$187
36 years$4,606$3,059$1,975$1,247$773$161
37 years$4,432$2,905$1,849$1,149$701$138
38 years$4,268$2,761$1,731$1,059$635$119
39 years$4,112$2,625$1,622$976$576$102
40 years$3,965$2,498$1,520$900$522$88
41 years$3,825$2,378$1,425$831$474$75
42 years$3,692$2,264$1,337$767$430$65
43 years$3,566$2,157$1,255$708$390$56
44 years$3,446$2,056$1,178$653$354$48
45 years$3,331$1,961$1,106$603$322$41
46 years$3,222$1,871$1,039$557$292$35
47 years$3,118$1,785$976$515$265$30
48 years$3,018$1,704$917$476$241$26
49 years$2,923$1,628$862$440$219$22
50 years$2,831$1,555$810$406$199$19

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 $3,665 every year, while hoping to spend $38,651 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: 70/11/19 Blend
72$2,900,000$2,900,000$2,900,000$2,900,000
73$3,199,580$3,045,880$3,000,930$3,408,584
74$3,484,813$3,154,004$3,060,337$3,656,488
75$3,797,844$3,266,131$3,120,439$3,922,808
76$4,141,469$3,382,415$3,181,217$4,213,344
77$4,518,764$3,503,019$3,242,654$4,530,485
78$4,933,122$3,628,111$3,304,727$4,876,862
79$5,388,278$3,757,866$3,367,413$5,255,373
80$5,888,347$3,892,466$3,430,686$5,669,208
81$6,437,863$4,032,101$3,494,518$6,121,881
82$7,041,819$4,176,969$3,558,879$6,617,262
83$7,705,720$4,327,275$3,623,736$7,159,612
84$8,435,625$4,483,234$3,689,054$7,753,626
85$9,238,215$4,645,068$3,754,792$8,404,473
86$10,120,846$4,813,010$3,820,912$9,117,849
87$11,091,627$4,987,301$3,887,366$9,900,026
88$12,159,488$5,168,194$3,954,108$10,757,914
89$13,334,271$5,355,952$4,021,087$11,699,126
90$14,626,820$5,550,846$4,088,246$12,732,046
91$16,049,081$5,753,163$4,155,527$13,865,912
92$17,614,217$5,963,198$4,222,868$15,110,900
93$19,336,734$6,181,261$4,290,200$16,478,222
94$21,232,612$6,407,674$4,357,453$17,980,228
95$23,319,461$6,642,773$4,424,551$19,630,528
96$25,616,684$6,886,907$4,491,411$21,444,111
97$28,145,660$7,140,440$4,557,948$23,437,498
98$30,929,949$7,403,753$4,624,071$25,628,886
99$33,995,508$7,677,241$4,689,681$28,038,327
100$37,370,942$7,961,318$4,754,677$30,687,912