Can I retire at age 73 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$173,416$171,871$170,364$168,893$167,457$164,955
2 years$85,850$84,251$82,701$81,199$79,741$77,226
3 years$56,665$55,059$53,513$52,025$50,591$48,141
4 years$42,075$40,474$38,944$37,481$36,082$33,716
5 years$33,323$31,732$30,222$28,789$27,429$25,154
6 years$27,491$25,912$24,424$23,023$21,704$19,522
7 years$23,327$21,761$20,296$18,928$17,651$15,563
8 years$20,205$18,653$17,213$15,878$14,643$12,650
9 years$17,778$16,241$14,825$13,525$12,332$10,431
10 years$15,837$14,315$12,925$11,659$10,507$8,698
11 years$14,251$12,744$11,379$10,146$9,037$7,317
12 years$12,930$11,438$10,099$8,900$7,831$6,199
13 years$11,813$10,337$9,023$7,857$6,829$5,282
14 years$10,856$9,396$8,107$6,975$5,986$4,522
15 years$10,028$8,583$7,319$6,220$5,271$3,887
16 years$9,304$7,875$6,636$5,570$4,658$3,352
17 years$8,666$7,253$6,039$5,004$4,130$2,899
18 years$8,099$6,702$5,512$4,510$3,672$2,513
19 years$7,592$6,211$5,046$4,075$3,273$2,183
20 years$7,137$5,772$4,631$3,691$2,924$1,899
21 years$6,726$5,376$4,260$3,350$2,616$1,655
22 years$6,352$5,018$3,926$3,045$2,345$1,444
23 years$6,012$4,694$3,625$2,774$2,105$1,262
24 years$5,700$4,398$3,353$2,530$1,892$1,103
25 years$5,414$4,127$3,105$2,310$1,703$965
26 years$5,150$3,879$2,880$2,112$1,534$846
27 years$4,906$3,650$2,674$1,934$1,383$741
28 years$4,680$3,440$2,486$1,772$1,248$650
29 years$4,470$3,245$2,313$1,625$1,127$570
30 years$4,275$3,064$2,155$1,491$1,018$500
31 years$4,092$2,897$2,009$1,369$920$439
32 years$3,921$2,741$1,874$1,258$833$386
33 years$3,761$2,596$1,750$1,157$753$339
34 years$3,610$2,460$1,635$1,065$682$298
35 years$3,469$2,334$1,529$980$618$262
36 years$3,335$2,215$1,430$903$560$230
37 years$3,209$2,104$1,339$832$507$202
38 years$3,090$1,999$1,254$767$460$178
39 years$2,978$1,901$1,174$707$417$156
40 years$2,871$1,809$1,101$652$378$138
41 years$2,770$1,722$1,032$602$343$121
42 years$2,674$1,640$968$555$311$106
43 years$2,582$1,562$909$512$283$94
44 years$2,495$1,489$853$473$257$82
45 years$2,412$1,420$801$437$233$72
46 years$2,333$1,355$752$404$211$64
47 years$2,258$1,293$707$373$192$56
48 years$2,185$1,234$664$345$174$49
49 years$2,116$1,179$624$318$158$43
50 years$2,050$1,126$587$294$144$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,100,000, adding $2,165 every year, while hoping to spend $25,072 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: 57/29/14 Blend
72$2,100,000$2,100,000$2,100,000$2,100,000
73$2,316,433$2,205,133$2,172,583$2,440,047
74$2,526,033$2,286,508$2,218,688$2,605,358
75$2,756,172$2,371,030$2,265,498$2,782,468
76$3,008,918$2,458,827$2,313,008$2,974,877
77$3,286,550$2,550,032$2,361,217$3,184,059
78$3,591,578$2,644,784$2,410,117$3,411,630
79$3,926,768$2,743,228$2,459,705$3,659,372
80$4,295,166$2,845,513$2,509,973$3,929,242
81$4,700,128$2,951,799$2,560,913$4,223,397
82$5,145,352$3,062,248$2,612,515$4,544,207
83$5,634,913$3,177,033$2,664,768$4,894,282
84$6,173,298$3,296,331$2,717,662$5,276,493
85$6,765,452$3,420,329$2,771,181$5,694,002
86$7,416,824$3,549,221$2,825,311$6,150,288
87$8,133,416$3,683,210$2,880,036$6,649,181
88$8,921,844$3,822,506$2,935,336$7,194,898
89$9,789,393$3,967,331$2,991,192$7,792,079
90$10,744,095$4,117,914$3,047,580$8,445,837
91$11,794,797$4,274,495$3,104,478$9,161,796
92$12,951,246$4,437,325$3,161,858$9,946,155
93$14,224,184$4,606,665$3,219,691$10,805,734
94$15,625,447$4,782,788$3,277,947$11,748,048
95$17,168,077$4,965,979$3,336,593$12,781,370
96$18,866,443$5,156,534$3,395,591$13,914,811
97$20,736,380$5,354,764$3,454,903$15,158,407
98$22,795,336$5,560,993$3,514,487$16,523,209
99$25,062,536$5,775,557$3,574,298$18,021,391
100$27,559,166$5,998,811$3,634,289$19,666,361