Can I retire at age 73 with 2,930,000?

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 $2,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$241,957$239,801$237,699$235,646$233,642$224,638
2 years$119,781$117,550$115,388$113,292$111,258$102,294
3 years$79,060$76,820$74,664$72,587$70,587$61,945
4 years$58,704$56,471$54,336$52,295$50,343$42,089
5 years$46,494$44,274$42,167$40,167$38,270$30,425
6 years$38,356$36,153$34,077$32,122$30,282$22,851
7 years$32,546$30,361$28,318$26,409$24,627$17,609
8 years$28,190$26,025$24,016$22,154$20,431$13,817
9 years$24,804$22,660$20,685$18,870$17,206$10,988
10 years$22,097$19,973$18,034$16,267$14,660$8,826
11 years$19,884$17,781$15,877$14,157$12,608$7,145
12 years$18,040$15,959$14,090$12,417$10,926$5,819
13 years$16,482$14,423$12,589$10,963$9,528$4,763
14 years$15,147$13,110$11,311$9,731$8,352$3,913
15 years$13,991$11,976$10,212$8,679$7,354$3,225
16 years$12,981$10,988$9,259$7,771$6,499$2,664
17 years$12,091$10,119$8,425$6,982$5,763$2,206
18 years$11,300$9,351$7,691$6,292$5,124$1,829
19 years$10,593$8,666$7,041$5,686$4,567$1,519
20 years$9,958$8,053$6,462$5,149$4,079$1,263
21 years$9,384$7,501$5,944$4,673$3,651$1,051
22 years$8,863$7,002$5,478$4,249$3,272$875
23 years$8,388$6,549$5,058$3,870$2,937$730
24 years$7,953$6,136$4,678$3,530$2,640$608
25 years$7,554$5,758$4,332$3,223$2,376$508
26 years$7,186$5,412$4,018$2,947$2,140$424
27 years$6,846$5,093$3,731$2,698$1,929$354
28 years$6,530$4,799$3,469$2,472$1,741$295
29 years$6,237$4,527$3,228$2,267$1,572$247
30 years$5,964$4,276$3,007$2,080$1,420$206
31 years$5,709$4,042$2,803$1,910$1,284$172
32 years$5,471$3,824$2,615$1,756$1,162$144
33 years$5,247$3,622$2,442$1,615$1,051$120
34 years$5,037$3,433$2,282$1,486$952$100
35 years$4,840$3,256$2,133$1,368$862$84
36 years$4,654$3,090$1,995$1,259$781$70
37 years$4,478$2,935$1,868$1,160$708$59
38 years$4,312$2,789$1,749$1,070$642$49
39 years$4,155$2,652$1,639$986$582$41
40 years$4,006$2,524$1,536$910$528$34
41 years$3,865$2,402$1,440$839$479$29
42 years$3,730$2,288$1,351$775$435$24
43 years$3,603$2,180$1,268$715$394$20
44 years$3,481$2,078$1,190$660$358$17
45 years$3,366$1,981$1,117$610$325$14
46 years$3,255$1,890$1,049$563$295$12
47 years$3,150$1,804$986$520$268$10
48 years$3,049$1,722$926$481$243$8
49 years$2,953$1,644$871$444$221$7
50 years$2,861$1,571$819$411$201$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,930,000, adding $3,037 every year, while hoping to spend $41,504 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: 30/40/30 Blend
72$2,930,000$2,930,000$2,930,000$2,930,000
73$3,231,993$3,076,703$3,031,288$3,299,143
74$3,517,496$3,183,301$3,088,676$3,458,902
75$3,830,730$3,293,732$3,146,596$3,626,836
76$4,174,478$3,408,139$3,205,021$3,806,685
77$4,551,809$3,526,672$3,263,923$3,999,519
78$4,966,101$3,649,486$3,323,272$4,206,510
79$5,421,076$3,776,744$3,383,034$4,428,946
80$5,920,834$3,908,613$3,443,174$4,668,242
81$6,469,892$4,045,267$3,503,653$4,925,954
82$7,073,225$4,186,890$3,564,430$5,203,789
83$7,736,316$4,333,669$3,625,460$5,503,625
84$8,465,203$4,485,802$3,686,696$5,827,527
85$9,266,540$4,643,492$3,748,086$6,177,764
86$10,147,656$4,806,952$3,809,576$6,556,832
87$11,116,628$4,976,404$3,871,108$6,967,475
88$12,182,354$5,152,077$3,932,620$7,412,714
89$13,354,636$5,334,211$3,994,044$7,895,868
90$14,644,275$5,523,054$4,055,312$8,420,590
91$16,063,173$5,718,866$4,116,347$8,990,902
92$17,624,443$5,921,916$4,177,070$9,611,227
93$19,342,530$6,132,484$4,237,396$10,286,432
94$21,233,355$6,350,863$4,297,235$11,021,874
95$23,314,457$6,577,355$4,356,493$11,823,452
96$25,605,164$6,812,278$4,415,068$12,697,655
97$28,126,771$7,055,959$4,472,853$13,651,629
98$30,902,743$7,308,743$4,529,735$14,693,240
99$33,958,936$7,570,984$4,585,594$15,831,150
100$37,323,840$7,843,055$4,640,304$17,074,893