Can I retire at age 73 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$189,932$188,240$186,589$184,978$183,405$180,739
2 years$94,026$92,275$90,577$88,932$87,336$84,655
3 years$62,061$60,302$58,610$56,980$55,409$52,798
4 years$46,082$44,329$42,653$41,051$39,518$36,996
5 years$36,497$34,754$33,100$31,531$30,041$27,615
6 years$30,109$28,379$26,750$25,215$23,771$21,444
7 years$25,548$23,833$22,229$20,731$19,332$17,105
8 years$22,129$20,429$18,852$17,391$16,038$13,911
9 years$19,471$17,787$16,237$14,813$13,506$11,478
10 years$17,346$15,679$14,156$12,769$11,508$9,577
11 years$15,608$13,958$12,463$11,113$9,897$8,061
12 years$14,161$12,528$11,060$9,747$8,577$6,834
13 years$12,938$11,321$9,882$8,606$7,479$5,827
14 years$11,890$10,291$8,879$7,639$6,556$4,992
15 years$10,983$9,401$8,016$6,813$5,772$4,294
16 years$10,190$8,625$7,268$6,100$5,102$3,706
17 years$9,491$7,943$6,614$5,481$4,524$3,207
18 years$8,870$7,340$6,037$4,939$4,022$2,782
19 years$8,316$6,803$5,527$4,463$3,585$2,418
20 years$7,817$6,321$5,072$4,042$3,202$2,106
21 years$7,366$5,888$4,666$3,669$2,866$1,836
22 years$6,957$5,496$4,300$3,336$2,569$1,604
23 years$6,585$5,141$3,970$3,038$2,306$1,402
24 years$6,243$4,816$3,672$2,771$2,072$1,227
25 years$5,930$4,520$3,401$2,530$1,865$1,074
26 years$5,641$4,248$3,154$2,314$1,680$942
27 years$5,374$3,998$2,929$2,118$1,514$826
28 years$5,126$3,767$2,723$1,940$1,367$725
29 years$4,896$3,554$2,534$1,779$1,234$636
30 years$4,682$3,356$2,360$1,633$1,115$559
31 years$4,482$3,173$2,200$1,500$1,008$491
32 years$4,294$3,002$2,053$1,378$912$432
33 years$4,119$2,843$1,917$1,267$825$380
34 years$3,954$2,695$1,791$1,166$747$334
35 years$3,799$2,556$1,674$1,073$677$294
36 years$3,653$2,426$1,566$989$613$258
37 years$3,515$2,304$1,466$911$556$227
38 years$3,385$2,190$1,373$840$504$200
39 years$3,261$2,082$1,286$774$457$176
40 years$3,144$1,981$1,206$714$414$155
41 years$3,034$1,886$1,131$659$376$136
42 years$2,928$1,796$1,060$608$341$120
43 years$2,828$1,711$995$561$310$106
44 years$2,733$1,631$934$518$281$93
45 years$2,642$1,555$877$479$255$82
46 years$2,555$1,484$824$442$232$72
47 years$2,473$1,416$774$408$210$64
48 years$2,393$1,352$727$377$191$56
49 years$2,318$1,291$684$349$173$49
50 years$2,246$1,233$643$322$158$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,300,000, adding $6,289 every year, while hoping to spend $45,155 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: 52/32/16 Blend
72$2,300,000$2,300,000$2,300,000$2,300,000
73$2,541,087$2,419,187$2,383,537$2,661,878
74$2,752,233$2,489,683$2,415,341$2,815,836
75$2,983,403$2,562,119$2,446,697$2,977,919
76$3,236,591$2,636,544$2,477,542$3,153,205
77$3,513,994$2,713,005$2,507,811$3,342,959
78$3,818,032$2,791,552$2,537,432$3,548,572
79$4,151,367$2,872,235$2,566,332$3,771,576
80$4,516,936$2,955,103$2,594,434$4,013,657
81$4,917,969$3,040,210$2,621,654$4,276,670
82$5,358,028$3,127,606$2,647,905$4,562,658
83$5,841,033$3,217,345$2,673,096$4,873,872
84$6,371,304$3,309,480$2,697,130$5,212,789
85$6,953,599$3,404,067$2,719,906$5,582,138
86$7,593,160$3,501,159$2,741,316$5,984,921
87$8,295,759$3,600,814$2,761,248$6,424,450
88$9,067,759$3,703,086$2,779,582$6,904,367
89$9,916,167$3,808,034$2,796,194$7,428,687
90$10,848,703$3,915,714$2,810,953$8,001,832
91$11,873,871$4,026,184$2,823,721$8,628,673
92$13,001,042$4,139,504$2,834,352$9,314,574
93$14,240,540$4,255,731$2,842,694$10,065,447
94$15,603,739$4,374,925$2,848,588$10,887,802
95$17,103,169$4,497,146$2,851,865$11,788,813
96$18,752,639$4,622,453$2,852,349$12,776,383
97$20,567,361$4,750,905$2,849,855$13,859,220
98$22,564,096$4,882,564$2,844,189$15,046,916
99$24,761,312$5,017,488$2,835,148$16,350,041
100$27,179,358$5,155,737$2,822,517$17,780,240