Can I retire at age 73 with 2,250,000?

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$185,803$184,148$182,533$180,957$179,418$176,956
2 years$91,982$90,269$88,608$86,999$85,437$82,961
3 years$60,712$58,991$57,335$55,741$54,205$51,792
4 years$45,080$43,365$41,726$40,158$38,659$36,328
5 years$35,704$33,999$32,381$30,845$29,388$27,145
6 years$29,455$27,762$26,168$24,667$23,254$21,101
7 years$24,993$23,315$21,746$20,280$18,912$16,851
8 years$21,648$19,985$18,442$17,013$15,689$13,720
9 years$19,048$17,401$15,884$14,491$13,212$11,334
10 years$16,969$15,338$13,848$12,491$11,258$9,468
11 years$15,269$13,654$12,192$10,871$9,682$7,980
12 years$13,853$12,255$10,820$9,536$8,390$6,773
13 years$12,657$11,075$9,667$8,418$7,316$5,783
14 years$11,632$10,067$8,686$7,473$6,414$4,961
15 years$10,744$9,197$7,842$6,665$5,647$4,273
16 years$9,968$8,438$7,110$5,967$4,991$3,693
17 years$9,285$7,771$6,470$5,362$4,425$3,200
18 years$8,677$7,181$5,906$4,832$3,935$2,780
19 years$8,135$6,655$5,407$4,366$3,507$2,420
20 years$7,647$6,184$4,962$3,954$3,133$2,111
21 years$7,206$5,760$4,564$3,589$2,803$1,843
22 years$6,806$5,377$4,207$3,263$2,513$1,612
23 years$6,441$5,029$3,884$2,972$2,256$1,412
24 years$6,108$4,712$3,592$2,710$2,027$1,237
25 years$5,801$4,422$3,327$2,475$1,824$1,085
26 years$5,518$4,156$3,086$2,263$1,643$953
27 years$5,257$3,911$2,865$2,072$1,482$837
28 years$5,015$3,685$2,664$1,898$1,337$736
29 years$4,790$3,477$2,479$1,741$1,207$647
30 years$4,580$3,283$2,309$1,597$1,091$569
31 years$4,384$3,104$2,152$1,467$986$501
32 years$4,201$2,937$2,008$1,348$892$441
33 years$4,029$2,781$1,875$1,240$807$388
34 years$3,868$2,636$1,752$1,141$731$342
35 years$3,716$2,500$1,638$1,050$662$301
36 years$3,574$2,373$1,532$967$600$266
37 years$3,439$2,254$1,434$891$544$234
38 years$3,311$2,142$1,343$821$493$206
39 years$3,190$2,037$1,258$757$447$182
40 years$3,076$1,938$1,179$699$405$160
41 years$2,968$1,845$1,106$644$368$142
42 years$2,865$1,757$1,037$595$334$125
43 years$2,767$1,674$973$549$303$110
44 years$2,673$1,596$914$507$275$97
45 years$2,584$1,522$858$468$250$86
46 years$2,500$1,451$806$432$227$76
47 years$2,419$1,385$757$400$206$67
48 years$2,341$1,322$711$369$187$59
49 years$2,268$1,263$669$341$170$52
50 years$2,197$1,206$629$315$154$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,250,000, adding $4,894 every year, while hoping to spend $23,178 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: 75/12/13 Blend
72$2,250,000$2,250,000$2,250,000$2,250,000
73$2,484,548$2,365,298$2,330,423$2,663,889
74$2,713,311$2,456,537$2,383,831$2,874,199
75$2,964,631$2,551,469$2,438,251$3,101,244
76$3,240,784$2,650,251$2,493,694$3,349,437
77$3,544,278$2,753,048$2,550,166$3,620,874
78$3,877,875$2,860,029$2,607,678$3,917,861
79$4,244,621$2,971,372$2,666,238$4,242,936
80$4,647,867$3,087,265$2,725,852$4,598,895
81$5,091,309$3,207,900$2,786,527$4,988,819
82$5,579,016$3,333,481$2,848,270$5,416,096
83$6,115,475$3,464,220$2,911,085$5,884,462
84$6,705,625$3,600,338$2,974,978$6,398,029
85$7,354,911$3,742,067$3,039,952$6,961,326
86$8,069,331$3,889,648$3,106,010$7,579,342
87$8,855,495$4,043,333$3,173,154$8,257,572
88$9,720,686$4,203,387$3,241,385$9,002,067
89$10,672,926$4,370,083$3,310,702$9,819,495
90$11,721,059$4,543,711$3,381,104$10,717,199
91$12,874,824$4,724,571$3,452,589$11,703,268
92$14,144,958$4,912,976$3,525,152$12,786,613
93$15,543,288$5,109,256$3,598,789$13,977,052
94$17,082,847$5,313,754$3,673,492$15,285,398
95$18,777,997$5,526,827$3,749,253$16,723,565
96$20,644,562$5,748,850$3,826,063$18,304,678
97$22,699,979$5,980,216$3,903,908$20,043,197
98$24,963,464$6,221,334$3,982,776$21,955,053
99$27,456,189$6,472,631$4,062,651$24,057,797
100$30,201,485$6,734,555$4,143,514$26,370,766