Can I retire at age 73 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$190,758$189,058$187,401$185,783$184,203$182,355
2 years$94,434$92,676$90,971$89,319$87,716$85,854
3 years$62,331$60,565$58,864$57,227$55,650$53,834
4 years$46,282$44,521$42,838$41,229$39,690$37,932
5 years$36,656$34,905$33,244$31,668$30,172$28,477
6 years$30,240$28,503$26,866$25,325$23,874$22,245
7 years$25,659$23,937$22,326$20,821$19,416$17,853
8 years$22,225$20,518$18,934$17,466$16,107$14,611
9 years$19,556$17,865$16,308$14,877$13,565$12,134
10 years$17,421$15,747$14,218$12,824$11,558$10,192
11 years$15,676$14,019$12,517$11,161$9,940$8,638
12 years$14,223$12,582$11,109$9,790$8,614$7,374
13 years$12,994$11,371$9,925$8,643$7,512$6,333
14 years$11,942$10,336$8,917$7,672$6,585$5,466
15 years$11,031$9,442$8,051$6,842$5,798$4,736
16 years$10,234$8,663$7,300$6,127$5,124$4,119
17 years$9,532$7,978$6,642$5,505$4,543$3,592
18 years$8,909$7,372$6,064$4,961$4,040$3,141
19 years$8,352$6,832$5,551$4,482$3,601$2,752
20 years$7,851$6,349$5,094$4,060$3,216$2,416
21 years$7,398$5,914$4,686$3,684$2,878$2,124
22 years$6,988$5,520$4,319$3,350$2,580$1,871
23 years$6,613$5,163$3,988$3,051$2,316$1,649
24 years$6,270$4,837$3,688$2,783$2,081$1,456
25 years$5,956$4,540$3,416$2,541$1,873$1,286
26 years$5,665$4,267$3,168$2,324$1,687$1,137
27 years$5,397$4,015$2,942$2,127$1,521$1,006
28 years$5,148$3,784$2,735$1,949$1,372$891
29 years$4,917$3,569$2,545$1,787$1,239$789
30 years$4,702$3,371$2,370$1,640$1,120$699
31 years$4,501$3,187$2,210$1,506$1,012$620
32 years$4,313$3,015$2,062$1,384$916$550
33 years$4,137$2,855$1,925$1,273$829$488
34 years$3,971$2,706$1,799$1,171$750$433
35 years$3,816$2,567$1,682$1,078$680$384
36 years$3,669$2,436$1,573$993$616$341
37 years$3,530$2,314$1,472$915$558$303
38 years$3,399$2,199$1,379$843$506$269
39 years$3,276$2,091$1,292$778$459$239
40 years$3,158$1,990$1,211$717$416$213
41 years$3,047$1,894$1,135$662$378$189
42 years$2,941$1,804$1,065$611$343$168
43 years$2,840$1,719$999$564$311$149
44 years$2,745$1,638$938$520$282$133
45 years$2,653$1,562$881$481$256$118
46 years$2,566$1,490$827$444$233$105
47 years$2,483$1,422$777$410$211$93
48 years$2,404$1,358$730$379$192$83
49 years$2,328$1,296$687$350$174$74
50 years$2,255$1,238$645$324$158$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,310,000, adding $6,207 every year, while hoping to spend $35,405 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: 44/48/8 Blend
72$2,310,000$2,310,000$2,310,000$2,310,000
73$2,552,023$2,429,593$2,393,788$2,658,236
74$2,774,658$2,510,972$2,436,309$2,813,812
75$3,018,816$2,595,152$2,479,068$2,978,206
76$3,286,654$2,682,233$2,522,035$3,155,562
77$3,580,549$2,772,319$2,565,180$3,347,082
78$3,903,119$2,865,517$2,608,467$3,554,088
79$4,257,247$2,961,937$2,651,861$3,778,031
80$4,646,111$3,061,697$2,695,323$4,020,507
81$5,073,210$3,164,916$2,738,812$4,283,268
82$5,542,399$3,271,718$2,782,283$4,568,244
83$6,057,924$3,382,232$2,825,690$4,877,555
84$6,624,464$3,496,593$2,868,983$5,213,533
85$7,247,173$3,614,940$2,912,107$5,578,743
86$7,931,729$3,737,417$2,955,007$5,976,005
87$8,684,388$3,864,173$2,997,623$6,408,425
88$9,512,042$3,995,364$3,039,890$6,879,417
89$10,422,286$4,131,152$3,081,742$7,392,738
90$11,423,485$4,271,704$3,123,106$7,952,524
91$12,524,857$4,417,194$3,163,906$8,563,327
92$13,736,558$4,567,803$3,204,063$9,230,154
93$15,069,779$4,723,718$3,243,492$9,958,520
94$16,536,850$4,885,133$3,282,102$10,754,493
95$18,151,356$5,052,252$3,319,799$11,624,756
96$19,928,265$5,225,283$3,356,483$12,576,663
97$21,884,071$5,404,445$3,392,049$13,618,314
98$24,036,948$5,589,964$3,426,384$14,758,624
99$26,406,920$5,782,076$3,459,372$16,007,413
100$29,016,053$5,981,025$3,490,888$17,375,493