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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.4%
1 years$241,131$238,983$236,887$234,842$232,845$228,611
2 years$119,372$117,149$114,994$112,905$110,879$106,628
3 years$78,791$76,558$74,409$72,339$70,346$66,212
4 years$58,504$56,278$54,150$52,116$50,171$46,185
5 years$46,335$44,123$42,023$40,030$38,139$34,312
6 years$38,225$36,030$33,961$32,013$30,178$26,514
7 years$32,435$30,258$28,222$26,319$24,543$21,044
8 years$28,094$25,936$23,934$22,079$20,361$17,025
9 years$24,720$22,582$20,614$18,806$17,147$13,972
10 years$22,022$19,905$17,972$16,211$14,610$11,594
11 years$19,816$17,720$15,822$14,108$12,565$9,705
12 years$17,979$15,905$14,042$12,375$10,889$8,179
13 years$16,425$14,373$12,546$10,925$9,495$6,933
14 years$15,095$13,065$11,272$9,698$8,323$5,904
15 years$13,944$11,935$10,177$8,649$7,329$5,047
16 years$12,937$10,950$9,227$7,744$6,477$4,328
17 years$12,049$10,085$8,396$6,958$5,743$3,722
18 years$11,261$9,319$7,665$6,271$5,106$3,208
19 years$10,557$8,637$7,017$5,666$4,551$2,770
20 years$9,924$8,025$6,440$5,132$4,065$2,396
21 years$9,352$7,475$5,923$4,657$3,638$2,075
22 years$8,833$6,978$5,459$4,235$3,261$1,800
23 years$8,360$6,526$5,041$3,857$2,927$1,562
24 years$7,926$6,115$4,662$3,517$2,631$1,358
25 years$7,528$5,738$4,318$3,212$2,368$1,181
26 years$7,161$5,393$4,004$2,937$2,133$1,027
27 years$6,822$5,076$3,718$2,688$1,923$895
28 years$6,508$4,783$3,457$2,463$1,735$779
29 years$6,216$4,512$3,217$2,259$1,567$679
30 years$5,944$4,261$2,996$2,073$1,416$592
31 years$5,690$4,028$2,793$1,904$1,280$516
32 years$5,452$3,811$2,606$1,750$1,158$451
33 years$5,229$3,609$2,434$1,609$1,048$393
34 years$5,020$3,421$2,274$1,480$949$343
35 years$4,823$3,245$2,126$1,363$859$300
36 years$4,638$3,080$1,989$1,255$778$262
37 years$4,463$2,925$1,861$1,156$706$228
38 years$4,297$2,780$1,743$1,066$640$199
39 years$4,140$2,643$1,633$983$580$174
40 years$3,992$2,515$1,531$907$526$152
41 years$3,851$2,394$1,435$836$477$133
42 years$3,718$2,280$1,346$772$433$116
43 years$3,590$2,172$1,263$713$393$102
44 years$3,469$2,071$1,186$658$357$89
45 years$3,354$1,975$1,113$608$324$78
46 years$3,244$1,884$1,046$561$294$68
47 years$3,139$1,798$983$519$267$59
48 years$3,039$1,716$923$479$243$52
49 years$2,943$1,639$868$443$220$45
50 years$2,851$1,565$816$409$200$40

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 $3,378 every year, while hoping to spend $54,691 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: 40/45/15 Blend
72$2,920,000$2,920,000$2,920,000$2,920,000
73$3,221,324$3,066,564$3,021,304$3,335,673
74$3,491,709$3,158,635$3,064,327$3,509,176
75$3,787,839$3,253,385$3,106,958$3,691,170
76$4,112,284$3,350,886$3,149,127$3,886,876
77$4,467,872$3,451,214$3,190,758$4,097,566
78$4,857,719$3,554,447$3,231,772$4,324,636
79$5,285,254$3,660,663$3,272,084$4,569,623
80$5,754,258$3,769,944$3,311,607$4,834,218
81$6,268,892$3,882,371$3,350,246$5,120,280
82$6,833,742$3,998,030$3,387,901$5,429,855
83$7,453,857$4,117,006$3,424,469$5,765,193
84$8,134,800$4,239,390$3,459,839$6,128,771
85$8,882,700$4,365,270$3,493,894$6,523,316
86$9,704,308$4,494,741$3,526,512$6,951,829
87$10,607,060$4,627,896$3,557,563$7,417,612
88$11,599,150$4,764,832$3,586,911$7,924,302
89$12,689,603$4,905,649$3,614,412$8,475,902
90$13,888,363$5,050,447$3,639,916$9,076,819
91$15,206,387$5,199,329$3,663,264$9,731,908
92$16,655,743$5,352,401$3,684,288$10,446,512
93$18,249,730$5,509,770$3,702,813$11,226,517
94$20,003,000$5,671,546$3,718,654$12,078,404
95$21,931,694$5,837,840$3,731,618$13,009,313
96$24,053,600$6,008,767$3,741,500$14,027,106
97$26,388,314$6,184,443$3,748,086$15,140,443
98$28,957,428$6,364,987$3,751,153$16,358,863
99$31,784,732$6,550,518$3,750,464$17,692,874
100$34,896,442$6,741,161$3,745,771$19,154,051