Can I retire at age 73 with 2,140,000?

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$176,719$175,145$173,609$172,110$170,647$167,889
2 years$87,485$85,855$84,276$82,745$81,260$78,489
3 years$57,744$56,107$54,532$53,016$51,555$48,857
4 years$42,876$41,245$39,686$38,195$36,769$34,166
5 years$33,958$32,337$30,798$29,337$27,951$25,449
6 years$28,015$26,405$24,889$23,461$22,117$19,719
7 years$23,771$22,175$20,683$19,289$17,987$15,694
8 years$20,590$19,008$17,541$16,181$14,922$12,734
9 years$18,116$16,550$15,108$13,783$12,567$10,482
10 years$16,139$14,588$13,171$11,881$10,707$8,724
11 years$14,522$12,987$11,596$10,340$9,209$7,326
12 years$13,176$11,656$10,291$9,069$7,980$6,194
13 years$12,038$10,534$9,194$8,007$6,959$5,268
14 years$11,063$9,575$8,261$7,108$6,100$4,501
15 years$10,219$8,747$7,459$6,339$5,371$3,861
16 years$9,481$8,025$6,762$5,676$4,747$3,322
17 years$8,831$7,391$6,154$5,100$4,209$2,867
18 years$8,253$6,829$5,617$4,596$3,742$2,480
19 years$7,737$6,330$5,142$4,153$3,336$2,150
20 years$7,273$5,882$4,719$3,761$2,979$1,866
21 years$6,854$5,479$4,341$3,413$2,666$1,623
22 years$6,473$5,114$4,001$3,104$2,390$1,413
23 years$6,127$4,783$3,694$2,826$2,145$1,231
24 years$5,809$4,481$3,416$2,578$1,928$1,074
25 years$5,517$4,206$3,164$2,354$1,735$938
26 years$5,248$3,953$2,935$2,153$1,563$819
27 years$5,000$3,720$2,725$1,970$1,409$716
28 years$4,770$3,505$2,533$1,805$1,271$626
29 years$4,556$3,307$2,358$1,655$1,148$548
30 years$4,356$3,123$2,196$1,519$1,037$480
31 years$4,170$2,952$2,047$1,395$938$420
32 years$3,996$2,793$1,910$1,282$848$368
33 years$3,832$2,645$1,783$1,179$768$323
34 years$3,679$2,507$1,666$1,085$695$283
35 years$3,535$2,378$1,558$999$630$248
36 years$3,399$2,257$1,457$920$570$217
37 years$3,271$2,144$1,364$848$517$191
38 years$3,149$2,037$1,277$781$469$167
39 years$3,034$1,937$1,197$720$425$147
40 years$2,926$1,843$1,122$664$386$129
41 years$2,823$1,754$1,052$613$350$113
42 years$2,725$1,671$987$566$317$99
43 years$2,631$1,592$926$522$288$87
44 years$2,543$1,518$869$482$261$76
45 years$2,458$1,447$816$445$237$67
46 years$2,377$1,381$766$411$216$59
47 years$2,301$1,317$720$380$196$52
48 years$2,227$1,258$677$351$178$45
49 years$2,157$1,201$636$325$161$40
50 years$2,089$1,147$598$300$147$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,140,000, adding $5,928 every year, while hoping to spend $28,469 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: 86/5/9 Blend
72$2,140,000$2,140,000$2,140,000$2,140,000
73$2,364,395$2,250,975$2,217,805$2,564,567
74$2,575,272$2,330,982$2,261,810$2,776,102
75$2,806,705$2,413,955$2,306,336$3,004,018
76$3,060,760$2,500,009$2,351,369$3,253,585
77$3,339,713$2,589,266$2,396,896$3,526,965
78$3,646,072$2,681,848$2,442,900$3,826,540
79$3,982,600$2,777,887$2,489,365$4,154,934
80$4,352,339$2,877,517$2,536,273$4,515,036
81$4,758,642$2,980,880$2,583,603$4,910,028
82$5,205,203$3,088,123$2,631,333$5,343,418
83$5,696,090$3,199,397$2,679,439$5,819,066
84$6,235,786$3,314,862$2,727,895$6,341,228
85$6,829,230$3,434,684$2,776,673$6,914,589
86$7,481,863$3,559,036$2,825,744$7,544,314
87$8,199,680$3,688,096$2,875,074$8,236,091
88$8,989,287$3,822,052$2,924,628$8,996,186
89$9,857,961$3,961,099$2,974,369$9,831,502
90$10,813,720$4,105,440$3,024,258$10,749,647
91$11,865,399$4,255,286$3,074,250$11,759,000
92$13,022,733$4,410,859$3,124,301$12,868,794
93$14,296,448$4,572,387$3,174,361$14,089,203
94$15,698,361$4,740,109$3,224,378$15,431,434
95$17,241,496$4,914,276$3,274,296$16,907,837
96$18,940,200$5,095,147$3,324,056$18,532,018
97$20,810,284$5,282,993$3,373,596$20,318,971
98$22,869,169$5,478,096$3,422,848$22,285,213
99$25,136,053$5,680,751$3,471,741$24,448,948
100$27,632,086$5,891,264$3,520,201$26,830,231