Can I retire at age 73 with 2,230,000?

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$184,151$182,511$180,911$179,349$177,823$175,674
2 years$91,164$89,466$87,821$86,225$84,678$82,515
3 years$60,172$58,467$56,826$55,245$53,723$51,614
4 years$44,679$42,980$41,355$39,801$38,316$36,276
5 years$35,386$33,696$32,093$30,571$29,127$27,163
6 years$29,193$27,516$25,936$24,448$23,047$21,161
7 years$24,771$23,108$21,553$20,100$18,744$16,936
8 years$21,455$19,808$18,278$16,861$15,550$13,821
9 years$18,878$17,246$15,743$14,362$13,095$11,444
10 years$16,818$15,202$13,725$12,380$11,158$9,584
11 years$15,133$13,533$12,084$10,775$9,596$8,097
12 years$13,730$12,147$10,724$9,451$8,316$6,891
13 years$12,544$10,977$9,581$8,344$7,251$5,899
14 years$11,528$9,978$8,609$7,407$6,357$5,074
15 years$10,649$9,115$7,772$6,605$5,597$4,382
16 years$9,880$8,363$7,047$5,914$4,946$3,797
17 years$9,202$7,702$6,412$5,314$4,386$3,300
18 years$8,600$7,117$5,854$4,789$3,900$2,875
19 years$8,062$6,596$5,359$4,327$3,476$2,510
20 years$7,579$6,129$4,918$3,919$3,105$2,196
21 years$7,142$5,709$4,524$3,557$2,778$1,924
22 years$6,746$5,329$4,169$3,234$2,490$1,687
23 years$6,384$4,984$3,850$2,945$2,236$1,482
24 years$6,053$4,670$3,560$2,686$2,009$1,303
25 years$5,749$4,382$3,297$2,453$1,808$1,147
26 years$5,469$4,119$3,058$2,243$1,629$1,010
27 years$5,210$3,876$2,840$2,053$1,468$890
28 years$4,970$3,653$2,640$1,881$1,325$785
29 years$4,747$3,446$2,457$1,725$1,196$692
30 years$4,539$3,254$2,288$1,583$1,081$611
31 years$4,345$3,076$2,133$1,454$977$540
32 years$4,164$2,911$1,990$1,336$884$477
33 years$3,994$2,757$1,858$1,229$800$421
34 years$3,834$2,613$1,736$1,131$724$372
35 years$3,683$2,478$1,623$1,041$656$329
36 years$3,542$2,352$1,519$959$594$291
37 years$3,408$2,234$1,421$883$539$257
38 years$3,282$2,123$1,331$814$488$228
39 years$3,162$2,019$1,247$751$443$201
40 years$3,049$1,921$1,169$692$402$178
41 years$2,941$1,828$1,096$639$365$158
42 years$2,839$1,741$1,028$589$331$140
43 years$2,742$1,659$965$544$300$124
44 years$2,650$1,581$906$502$272$109
45 years$2,561$1,508$850$464$247$97
46 years$2,477$1,439$799$429$225$86
47 years$2,397$1,373$750$396$204$76
48 years$2,321$1,311$705$366$185$67
49 years$2,247$1,252$663$338$168$59
50 years$2,177$1,195$623$313$153$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,230,000, adding $3,233 every year, while hoping to spend $46,238 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: 35/47/18 Blend
72$2,230,000$2,230,000$2,230,000$2,230,000
73$2,460,795$2,342,605$2,308,040$2,533,252
74$2,662,599$2,408,196$2,336,162$2,652,059
75$2,883,438$2,475,451$2,363,677$2,775,614
76$3,125,203$2,544,403$2,390,515$2,907,955
77$3,389,980$2,615,084$2,416,604$3,049,888
78$3,680,063$2,687,529$2,441,865$3,202,300
79$3,997,980$2,761,768$2,466,218$3,366,167
80$4,346,515$2,837,836$2,489,578$3,542,563
81$4,728,735$2,915,765$2,511,853$3,732,671
82$5,148,015$2,995,586$2,532,949$3,937,791
83$5,608,075$3,077,333$2,552,766$4,159,355
84$6,113,013$3,161,037$2,571,198$4,398,940
85$6,667,342$3,246,729$2,588,134$4,658,280
86$7,276,032$3,334,440$2,603,458$4,939,288
87$7,944,560$3,424,200$2,617,047$5,244,068
88$8,678,959$3,516,040$2,628,772$5,574,936
89$9,485,874$3,609,987$2,638,497$5,934,446
90$10,372,627$3,706,070$2,646,080$6,325,409
91$11,347,283$3,804,316$2,651,372$6,750,922
92$12,418,728$3,904,750$2,654,216$7,214,394
93$13,596,753$4,007,397$2,654,447$7,719,585
94$14,892,143$4,112,281$2,651,892$8,270,633
95$16,316,781$4,219,422$2,646,369$8,872,099
96$17,883,759$4,328,840$2,637,689$9,529,007
97$19,607,504$4,440,554$2,625,653$10,246,893
98$21,503,907$4,554,580$2,610,051$11,031,856
99$23,590,482$4,670,930$2,590,663$11,890,617
100$25,886,522$4,789,617$2,567,262$12,830,580