Can I retire at age 73 with 2,920,000?

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 $2,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$241,131$238,983$236,887$234,842$232,845$228,518
2 years$119,372$117,149$114,994$112,905$110,879$106,535
3 years$78,791$76,558$74,409$72,339$70,346$66,122
4 years$58,504$56,278$54,150$52,116$50,171$46,099
5 years$46,335$44,123$42,023$40,030$38,139$34,230
6 years$38,225$36,030$33,961$32,013$30,178$26,437
7 years$32,435$30,258$28,222$26,319$24,543$20,970
8 years$28,094$25,936$23,934$22,079$20,361$16,956
9 years$24,720$22,582$20,614$18,806$17,147$13,907
10 years$22,022$19,905$17,972$16,211$14,610$11,533
11 years$19,816$17,720$15,822$14,108$12,565$9,647
12 years$17,979$15,905$14,042$12,375$10,889$8,126
13 years$16,425$14,373$12,546$10,925$9,495$6,883
14 years$15,095$13,065$11,272$9,698$8,323$5,857
15 years$13,944$11,935$10,177$8,649$7,329$5,004
16 years$12,937$10,950$9,227$7,744$6,477$4,288
17 years$12,049$10,085$8,396$6,958$5,743$3,685
18 years$11,261$9,319$7,665$6,271$5,106$3,173
19 years$10,557$8,637$7,017$5,666$4,551$2,738
20 years$9,924$8,025$6,440$5,132$4,065$2,367
21 years$9,352$7,475$5,923$4,657$3,638$2,048
22 years$8,833$6,978$5,459$4,235$3,261$1,775
23 years$8,360$6,526$5,041$3,857$2,927$1,540
24 years$7,926$6,115$4,662$3,517$2,631$1,337
25 years$7,528$5,738$4,318$3,212$2,368$1,162
26 years$7,161$5,393$4,004$2,937$2,133$1,010
27 years$6,822$5,076$3,718$2,688$1,923$879
28 years$6,508$4,783$3,457$2,463$1,735$765
29 years$6,216$4,512$3,217$2,259$1,567$666
30 years$5,944$4,261$2,996$2,073$1,416$580
31 years$5,690$4,028$2,793$1,904$1,280$506
32 years$5,452$3,811$2,606$1,750$1,158$441
33 years$5,229$3,609$2,434$1,609$1,048$384
34 years$5,020$3,421$2,274$1,480$949$335
35 years$4,823$3,245$2,126$1,363$859$292
36 years$4,638$3,080$1,989$1,255$778$255
37 years$4,463$2,925$1,861$1,156$706$223
38 years$4,297$2,780$1,743$1,066$640$194
39 years$4,140$2,643$1,633$983$580$169
40 years$3,992$2,515$1,531$907$526$148
41 years$3,851$2,394$1,435$836$477$129
42 years$3,718$2,280$1,346$772$433$113
43 years$3,590$2,172$1,263$713$393$98
44 years$3,469$2,071$1,186$658$357$86
45 years$3,354$1,975$1,113$608$324$75
46 years$3,244$1,884$1,046$561$294$65
47 years$3,139$1,798$983$519$267$57
48 years$3,039$1,716$923$479$243$50
49 years$2,943$1,639$868$443$220$44
50 years$2,851$1,565$816$409$200$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,920,000, adding $3,511 every year, while hoping to spend $52,918 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: 86/6/8 Blend
72$2,920,000$2,920,000$2,920,000$2,920,000
73$3,221,462$3,066,702$3,021,442$3,495,537
74$3,493,746$3,160,666$3,066,356$3,768,807
75$3,792,031$3,257,460$3,111,001$4,061,446
76$4,118,910$3,357,168$3,155,312$4,381,347
77$4,477,245$3,459,875$3,199,220$4,731,218
78$4,870,183$3,565,668$3,242,653$5,114,045
79$5,301,192$3,674,637$3,285,533$5,533,113
80$5,774,094$3,786,874$3,327,779$5,992,041
81$6,293,095$3,902,475$3,369,303$6,494,818
82$6,862,831$4,021,536$3,410,015$7,045,833
83$7,488,407$4,144,159$3,449,817$7,649,925
84$8,175,447$4,270,445$3,488,609$8,312,421
85$8,930,147$4,400,501$3,526,281$9,039,191
86$9,759,331$4,534,435$3,562,721$9,836,701
87$10,670,519$4,672,358$3,597,808$10,712,074
88$11,671,993$4,814,385$3,631,416$11,673,157
89$12,772,881$4,960,634$3,663,412$12,728,596
90$13,983,234$5,111,225$3,693,656$13,887,915
91$15,314,130$5,266,281$3,722,000$15,161,606
92$16,777,773$5,425,930$3,748,289$16,561,232
93$18,387,608$5,590,303$3,772,358$18,099,530
94$20,158,449$5,759,533$3,794,037$19,790,534
95$22,106,618$5,933,757$3,813,145$21,649,705
96$24,250,098$6,113,116$3,829,490$23,694,082
97$26,608,704$6,297,755$3,842,874$25,942,436
98$29,204,269$6,487,822$3,853,087$28,415,450
99$32,060,848$6,683,468$3,859,909$31,135,913
100$35,204,946$6,884,850$3,863,108$34,128,937