Can I retire at age 73 with 2,910,000?

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$240,305$238,165$236,076$234,038$232,047$227,828
2 years$118,963$116,747$114,600$112,518$110,499$106,263
3 years$78,521$76,296$74,154$72,091$70,105$65,985
4 years$58,304$56,085$53,965$51,938$49,999$46,027
5 years$46,177$43,972$41,879$39,893$38,009$34,195
6 years$38,095$35,906$33,845$31,903$30,075$26,424
7 years$32,324$30,154$28,125$26,229$24,459$20,971
8 years$27,998$25,847$23,852$22,003$20,291$16,967
9 years$24,635$22,505$20,544$18,742$17,088$13,924
10 years$21,946$19,837$17,911$16,156$14,560$11,554
11 years$19,748$17,660$15,768$14,060$12,522$9,671
12 years$17,917$15,850$13,994$12,333$10,851$8,151
13 years$16,369$14,324$12,503$10,888$9,463$6,909
14 years$15,044$13,020$11,234$9,665$8,295$5,884
15 years$13,896$11,894$10,142$8,620$7,303$5,029
16 years$12,892$10,913$9,196$7,718$6,455$4,313
17 years$12,008$10,050$8,368$6,934$5,723$3,709
18 years$11,223$9,287$7,639$6,249$5,089$3,197
19 years$10,521$8,607$6,993$5,647$4,536$2,760
20 years$9,890$7,998$6,418$5,114$4,051$2,388
21 years$9,320$7,450$5,903$4,641$3,626$2,068
22 years$8,803$6,954$5,441$4,220$3,250$1,794
23 years$8,331$6,504$5,023$3,843$2,917$1,557
24 years$7,899$6,094$4,646$3,505$2,622$1,353
25 years$7,502$5,719$4,303$3,201$2,359$1,177
26 years$7,137$5,375$3,991$2,927$2,125$1,024
27 years$6,799$5,058$3,706$2,679$1,916$891
28 years$6,486$4,766$3,445$2,455$1,729$777
29 years$6,195$4,497$3,206$2,251$1,561$677
30 years$5,924$4,246$2,986$2,066$1,411$590
31 years$5,670$4,014$2,784$1,897$1,275$515
32 years$5,433$3,798$2,597$1,744$1,154$449
33 years$5,211$3,597$2,425$1,604$1,044$392
34 years$5,003$3,409$2,266$1,475$945$342
35 years$4,807$3,234$2,119$1,358$856$299
36 years$4,622$3,069$1,982$1,251$776$261
37 years$4,447$2,915$1,855$1,152$703$228
38 years$4,282$2,770$1,737$1,062$637$199
39 years$4,126$2,634$1,627$979$578$174
40 years$3,978$2,506$1,525$903$524$152
41 years$3,838$2,386$1,430$834$476$133
42 years$3,705$2,272$1,342$769$432$116
43 years$3,578$2,165$1,259$710$392$101
44 years$3,457$2,064$1,182$656$356$88
45 years$3,343$1,968$1,110$606$323$77
46 years$3,233$1,877$1,042$559$293$67
47 years$3,128$1,791$979$517$266$59
48 years$3,028$1,710$920$477$242$52
49 years$2,933$1,633$865$441$219$45
50 years$2,841$1,560$813$408$199$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,910,000, adding $3,726 every year, while hoping to spend $21,786 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: 55/23/22 Blend
72$2,910,000$2,910,000$2,910,000$2,910,000
73$3,210,663$3,056,433$3,011,328$3,367,807
74$3,514,971$3,183,018$3,089,028$3,602,475
75$3,849,588$3,315,076$3,168,600$3,855,295
76$4,217,582$3,452,851$3,250,084$4,130,161
77$4,622,335$3,596,601$3,333,522$4,429,193
78$5,067,571$3,746,592$3,418,953$4,754,724
79$5,557,395$3,903,107$3,506,420$5,109,318
80$6,096,329$4,066,438$3,595,964$5,495,795
81$6,689,354$4,236,893$3,687,628$5,917,261
82$7,341,960$4,414,793$3,781,456$6,377,129
83$8,060,196$4,600,474$3,877,491$6,879,157
84$8,850,728$4,794,289$3,975,778$7,427,479
85$9,720,897$4,996,605$4,076,362$8,026,646
86$10,678,797$5,207,807$4,179,289$8,681,665
87$11,733,344$5,428,298$4,284,604$9,398,048
88$12,894,361$5,658,501$4,392,355$10,181,863
89$14,172,675$5,898,857$4,502,588$11,039,788
90$15,580,214$6,149,827$4,615,351$11,979,175
91$17,130,123$6,411,896$4,730,692$13,008,118
92$18,836,886$6,685,569$4,848,660$14,135,531
93$20,716,462$6,971,376$4,969,304$15,371,225
94$22,786,439$7,269,871$5,092,674$16,726,005
95$25,066,196$7,581,634$5,218,818$18,211,768
96$27,577,087$7,907,274$5,347,788$19,841,615
97$30,342,645$8,247,425$5,479,634$21,629,973
98$33,388,799$8,602,754$5,614,406$23,592,732
99$36,744,125$8,973,956$5,752,157$25,747,390
100$40,440,108$9,361,762$5,892,936$28,113,219