Can I retire at age 73 with 2,220,000?

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$183,326$181,693$180,099$178,544$177,026$171,634
2 years$90,755$89,065$87,427$85,839$84,298$78,912
3 years$59,902$58,205$56,571$54,998$53,482$48,271
4 years$44,479$42,787$41,169$39,623$38,144$33,148
5 years$35,228$33,545$31,949$30,434$28,996$24,228
6 years$29,062$27,392$25,820$24,338$22,944$18,408
7 years$24,659$23,004$21,456$20,010$18,660$14,356
8 years$21,359$19,719$18,197$16,786$15,480$11,406
9 years$18,794$17,169$15,673$14,298$13,036$9,188
10 years$16,742$15,133$13,664$12,325$11,108$7,479
11 years$15,065$13,472$12,029$10,726$9,553$6,137
12 years$13,669$12,092$10,676$9,408$8,278$5,069
13 years$12,488$10,928$9,538$8,306$7,219$4,208
14 years$11,477$9,933$8,570$7,373$6,328$3,508
15 years$10,601$9,074$7,738$6,576$5,572$2,935
16 years$9,835$8,325$7,015$5,888$4,924$2,462
17 years$9,161$7,667$6,384$5,290$4,366$2,070
18 years$8,562$7,085$5,827$4,768$3,882$1,744
19 years$8,026$6,566$5,335$4,308$3,460$1,471
20 years$7,545$6,102$4,896$3,902$3,091$1,243
21 years$7,110$5,683$4,503$3,541$2,766$1,051
22 years$6,715$5,305$4,150$3,220$2,479$890
23 years$6,356$4,962$3,832$2,932$2,226$754
24 years$6,026$4,649$3,544$2,674$2,000$640
25 years$5,724$4,363$3,283$2,442$1,800$543
26 years$5,445$4,100$3,044$2,233$1,621$461
27 years$5,187$3,859$2,827$2,044$1,462$391
28 years$4,948$3,636$2,628$1,873$1,319$332
29 years$4,726$3,430$2,446$1,717$1,191$282
30 years$4,519$3,240$2,278$1,576$1,076$240
31 years$4,326$3,062$2,124$1,448$973$204
32 years$4,145$2,898$1,982$1,330$880$173
33 years$3,976$2,744$1,850$1,223$797$147
34 years$3,817$2,601$1,729$1,126$721$125
35 years$3,667$2,467$1,616$1,036$653$107
36 years$3,526$2,341$1,512$954$592$91
37 years$3,393$2,224$1,415$879$536$77
38 years$3,267$2,113$1,325$810$486$66
39 years$3,148$2,010$1,242$747$441$56
40 years$3,035$1,912$1,164$689$400$48
41 years$2,928$1,820$1,091$636$363$40
42 years$2,826$1,733$1,024$587$329$34
43 years$2,730$1,652$960$542$299$29
44 years$2,638$1,574$902$500$271$25
45 years$2,550$1,501$847$462$246$21
46 years$2,466$1,432$795$427$224$18
47 years$2,387$1,367$747$394$203$15
48 years$2,310$1,305$702$364$184$13
49 years$2,237$1,246$660$337$167$11
50 years$2,167$1,190$620$311$152$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,220,000, adding $3,052 every year, while hoping to spend $59,277 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: 72/20/8 Blend
72$2,220,000$2,220,000$2,220,000$2,220,000
73$2,449,588$2,331,928$2,297,518$2,622,528
74$2,636,376$2,383,122$2,311,415$2,788,312
75$2,840,229$2,434,838$2,323,790$2,962,101
76$3,062,826$2,487,039$2,334,531$3,150,735
77$3,306,014$2,539,684$2,343,517$3,355,659
78$3,571,827$2,592,728$2,350,625$3,578,469
79$3,862,504$2,646,122$2,355,721$3,820,921
80$4,180,510$2,699,812$2,358,668$4,084,946
81$4,528,559$2,753,740$2,359,321$4,372,676
82$4,909,641$2,807,843$2,357,527$4,686,456
83$5,327,047$2,862,050$2,353,127$5,028,871
84$5,784,402$2,916,286$2,345,953$5,402,766
85$6,285,699$2,970,472$2,335,829$5,811,278
86$6,835,333$3,024,517$2,322,572$6,257,863
87$7,438,147$3,078,329$2,305,989$6,746,326
88$8,099,475$3,131,804$2,285,877$7,280,862
89$8,825,191$3,184,833$2,262,023$7,866,091
90$9,621,767$3,237,296$2,234,208$8,507,105
91$10,496,331$3,289,067$2,202,197$9,209,514
92$11,456,734$3,340,008$2,165,748$9,979,499
93$12,511,626$3,389,974$2,124,606$10,823,872
94$13,670,536$3,438,807$2,078,504$11,750,139
95$14,943,961$3,486,338$2,027,164$12,766,570
96$16,343,464$3,532,388$1,970,293$13,882,278
97$17,881,786$3,576,763$1,907,586$15,107,307
98$19,572,962$3,619,259$1,838,725$16,452,725
99$21,432,456$3,659,655$1,763,374$17,930,726
100$23,477,305$3,697,716$1,681,185$19,554,751