Can I retire at age 73 with 2,260,000?

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$186,629$184,966$183,344$181,761$180,216$178,706
2 years$92,390$90,670$89,002$87,385$85,817$84,295
3 years$60,982$59,254$57,590$55,989$54,446$52,959
4 years$45,281$43,558$41,911$40,337$38,831$37,391
5 years$35,862$34,150$32,525$30,982$29,519$28,130
6 years$29,585$27,886$26,285$24,777$23,357$22,021
7 years$25,104$23,419$21,843$20,370$18,996$17,713
8 years$21,744$20,074$18,524$17,088$15,759$14,529
9 years$19,132$17,478$15,955$14,555$13,271$12,095
10 years$17,044$15,406$13,910$12,547$11,308$10,183
11 years$15,337$13,715$12,246$10,920$9,725$8,652
12 years$13,915$12,310$10,868$9,578$8,427$7,405
13 years$12,713$11,125$9,710$8,456$7,349$6,376
14 years$11,683$10,112$8,724$7,506$6,442$5,517
15 years$10,792$9,237$7,877$6,694$5,672$4,794
16 years$10,013$8,475$7,142$5,994$5,013$4,180
17 years$9,326$7,805$6,499$5,385$4,445$3,656
18 years$8,716$7,212$5,932$4,853$3,952$3,205
19 years$8,171$6,684$5,431$4,385$3,523$2,817
20 years$7,681$6,211$4,984$3,972$3,146$2,480
21 years$7,238$5,786$4,584$3,605$2,816$2,187
22 years$6,836$5,401$4,225$3,278$2,524$1,932
23 years$6,470$5,051$3,901$2,985$2,266$1,708
24 years$6,135$4,733$3,608$2,722$2,036$1,512
25 years$5,827$4,441$3,342$2,486$1,832$1,340
26 years$5,543$4,174$3,099$2,273$1,651$1,189
27 years$5,280$3,928$2,878$2,081$1,488$1,055
28 years$5,037$3,702$2,675$1,906$1,343$937
29 years$4,811$3,492$2,490$1,748$1,213$833
30 years$4,600$3,298$2,319$1,604$1,096$740
31 years$4,404$3,118$2,162$1,474$991$659
32 years$4,220$2,950$2,017$1,354$896$586
33 years$4,047$2,794$1,883$1,245$811$522
34 years$3,885$2,648$1,760$1,146$734$465
35 years$3,733$2,511$1,645$1,055$665$414
36 years$3,589$2,384$1,539$971$602$369
37 years$3,454$2,264$1,441$895$546$329
38 years$3,326$2,152$1,349$825$495$293
39 years$3,205$2,046$1,264$761$449$261
40 years$3,090$1,946$1,185$702$407$233
41 years$2,981$1,853$1,111$647$369$208
42 years$2,877$1,765$1,042$597$335$185
43 years$2,779$1,681$978$551$304$165
44 years$2,685$1,603$918$509$276$147
45 years$2,596$1,528$862$470$251$132
46 years$2,511$1,458$809$434$228$117
47 years$2,430$1,391$760$401$207$105
48 years$2,352$1,328$715$371$188$93
49 years$2,278$1,268$672$343$170$83
50 years$2,207$1,212$631$317$155$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,260,000, adding $6,140 every year, while hoping to spend $42,628 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: 45/46/9 Blend
72$2,260,000$2,260,000$2,260,000$2,260,000
73$2,496,853$2,377,073$2,342,043$2,602,615
74$2,706,177$2,448,194$2,375,146$2,747,510
75$2,935,422$2,521,371$2,407,929$2,899,655
76$3,186,577$2,596,660$2,440,336$3,063,652
77$3,461,829$2,674,118$2,472,309$3,240,609
78$3,763,589$2,753,803$2,503,785$3,431,743
79$4,094,512$2,835,776$2,534,698$3,638,393
80$4,457,520$2,920,097$2,564,978$3,862,033
81$4,855,833$3,006,828$2,594,552$4,104,282
82$5,293,000$3,096,034$2,623,341$4,366,923
83$5,772,927$3,187,781$2,651,263$4,651,918
84$6,299,917$3,282,134$2,678,233$4,961,425
85$6,878,713$3,379,162$2,704,157$5,297,820
86$7,514,536$3,478,936$2,728,941$5,663,718
87$8,213,140$3,581,525$2,752,482$6,061,997
88$8,980,863$3,687,003$2,774,673$6,495,825
89$9,824,689$3,795,443$2,795,402$6,968,691
90$10,752,310$3,906,923$2,814,551$7,484,435
91$11,772,201$4,021,518$2,831,994$8,047,287
92$12,893,701$4,139,308$2,847,601$8,661,901
93$14,127,097$4,260,372$2,861,234$9,333,407
94$15,483,724$4,384,793$2,872,749$10,067,452
95$16,976,070$4,512,655$2,881,992$10,870,254
96$18,617,895$4,644,041$2,888,805$11,748,664
97$20,424,360$4,779,038$2,893,019$12,710,225
98$22,412,169$4,917,735$2,894,459$13,763,249
99$24,599,726$5,060,220$2,892,940$14,916,887
100$27,007,312$5,206,585$2,888,268$16,181,223