Can I retire at age 73 with 2,320,000?

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 $2,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$191,583$189,877$188,212$186,587$185,000$183,834
2 years$94,843$93,077$91,365$89,705$88,095$86,919
3 years$62,601$60,827$59,119$57,475$55,891$54,741
4 years$46,483$44,714$43,024$41,408$39,862$38,747
5 years$36,814$35,056$33,388$31,805$30,303$29,226
6 years$30,371$28,626$26,983$25,435$23,977$22,941
7 years$25,770$24,040$22,423$20,911$19,500$18,504
8 years$22,321$20,607$19,016$17,542$16,177$15,221
9 years$19,640$17,942$16,379$14,942$13,624$12,708
10 years$17,497$15,815$14,279$12,880$11,608$10,732
11 years$15,744$14,079$12,571$11,209$9,983$9,146
12 years$14,284$12,637$11,157$9,832$8,651$7,852
13 years$13,050$11,420$9,968$8,680$7,544$6,783
14 years$11,994$10,380$8,956$7,705$6,613$5,888
15 years$11,078$9,483$8,086$6,872$5,823$5,133
16 years$10,278$8,700$7,331$6,153$5,146$4,492
17 years$9,573$8,013$6,671$5,528$4,563$3,942
18 years$8,947$7,404$6,090$4,982$4,057$3,469
19 years$8,388$6,862$5,575$4,502$3,616$3,059
20 years$7,885$6,376$5,116$4,077$3,230$2,703
21 years$7,431$5,939$4,706$3,700$2,891$2,393
22 years$7,018$5,544$4,337$3,365$2,591$2,121
23 years$6,642$5,185$4,005$3,064$2,326$1,883
24 years$6,298$4,858$3,704$2,795$2,090$1,673
25 years$5,981$4,559$3,430$2,552$1,881$1,489
26 years$5,690$4,285$3,182$2,334$1,694$1,326
27 years$5,420$4,033$2,954$2,136$1,528$1,181
28 years$5,171$3,800$2,746$1,957$1,378$1,053
29 years$4,939$3,585$2,556$1,795$1,245$940
30 years$4,723$3,386$2,381$1,647$1,125$839
31 years$4,521$3,200$2,219$1,513$1,017$749
32 years$4,332$3,028$2,071$1,390$920$670
33 years$4,155$2,868$1,933$1,278$832$599
34 years$3,989$2,718$1,807$1,176$754$535
35 years$3,832$2,578$1,689$1,083$683$479
36 years$3,685$2,447$1,580$997$618$428
37 years$3,546$2,324$1,479$919$561$383
38 years$3,414$2,209$1,385$847$508$343
39 years$3,290$2,100$1,297$781$461$307
40 years$3,172$1,998$1,216$720$418$275
41 years$3,060$1,902$1,140$665$379$247
42 years$2,954$1,811$1,070$613$344$221
43 years$2,853$1,726$1,004$566$312$198
44 years$2,756$1,645$942$523$283$177
45 years$2,665$1,569$885$483$257$159
46 years$2,577$1,497$831$446$234$142
47 years$2,494$1,428$781$412$212$128
48 years$2,414$1,363$734$381$193$114
49 years$2,338$1,302$690$352$175$103
50 years$2,265$1,244$648$325$159$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,320,000, adding $2,221 every year, while hoping to spend $52,109 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: 62/25/13 Blend
72$2,320,000$2,320,000$2,320,000$2,320,000
73$2,558,931$2,435,971$2,400,011$2,709,468
74$2,764,498$2,499,890$2,424,968$2,874,645
75$2,989,287$2,565,195$2,449,014$3,048,726
76$3,235,203$2,631,898$2,472,065$3,237,480
77$3,504,344$2,700,011$2,494,029$3,442,330
78$3,799,020$2,769,545$2,514,812$3,664,845
79$4,121,777$2,840,509$2,534,315$3,906,754
80$4,475,415$2,912,911$2,552,431$4,169,957
81$4,863,020$2,986,756$2,569,051$4,456,552
82$5,287,992$3,062,051$2,584,058$4,768,845
83$5,754,072$3,138,796$2,597,329$5,109,378
84$6,265,384$3,216,994$2,608,735$5,480,950
85$6,826,467$3,296,641$2,618,143$5,886,647
86$7,442,325$3,377,734$2,625,409$6,329,865
87$8,118,467$3,460,268$2,630,384$6,814,347
88$8,860,961$3,544,231$2,632,912$7,344,216
89$9,676,493$3,629,613$2,632,829$7,924,016
90$10,572,429$3,716,398$2,629,963$8,558,751
91$11,556,881$3,804,566$2,624,131$9,253,936
92$12,638,789$3,894,096$2,615,145$10,015,647
93$13,828,000$3,984,960$2,602,806$10,850,578
94$15,135,361$4,077,128$2,586,906$11,766,106
95$16,572,826$4,170,566$2,567,225$12,770,359
96$18,153,562$4,265,231$2,543,535$13,872,292
97$19,892,078$4,361,081$2,515,597$15,081,774
98$21,804,359$4,458,062$2,483,158$16,409,681
99$23,908,016$4,556,120$2,445,956$17,867,994
100$26,222,454$4,655,190$2,403,716$19,469,919