Can I retire at age 73 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$200,667$198,880$197,136$195,434$193,772$190,170
2 years$99,340$97,490$95,697$93,958$92,272$88,658
3 years$65,569$63,711$61,922$60,200$58,541$55,026
4 years$48,687$46,834$45,064$43,371$41,752$38,363
5 years$38,560$36,719$34,971$33,313$31,739$28,486
6 years$31,811$29,983$28,262$26,641$25,114$22,000
7 years$26,992$25,180$23,486$21,903$20,425$17,451
8 years$23,380$21,584$19,918$18,374$16,944$14,110
9 years$20,571$18,793$17,155$15,650$14,269$11,573
10 years$18,326$16,565$14,956$13,491$12,158$9,598
11 years$16,490$14,747$13,167$11,741$10,457$8,028
12 years$14,962$13,236$11,686$10,298$9,061$6,762
13 years$13,669$11,961$10,440$9,092$7,902$5,728
14 years$12,562$10,873$9,381$8,071$6,927$4,874
15 years$11,604$9,932$8,469$7,198$6,099$4,164
16 years$10,766$9,113$7,679$6,445$5,390$3,568
17 years$10,027$8,392$6,987$5,791$4,779$3,066
18 years$9,372$7,755$6,379$5,218$4,249$2,641
19 years$8,786$7,187$5,839$4,715$3,788$2,279
20 years$8,259$6,679$5,359$4,271$3,383$1,970
21 years$7,783$6,221$4,929$3,876$3,028$1,705
22 years$7,351$5,807$4,543$3,524$2,714$1,477
23 years$6,957$5,431$4,195$3,209$2,436$1,281
24 years$6,596$5,089$3,879$2,927$2,190$1,113
25 years$6,265$4,775$3,593$2,673$1,970$967
26 years$5,960$4,488$3,332$2,444$1,775$841
27 years$5,677$4,224$3,094$2,237$1,600$731
28 years$5,416$3,980$2,877$2,050$1,444$637
29 years$5,173$3,755$2,677$1,880$1,304$554
30 years$4,946$3,546$2,494$1,725$1,178$483
31 years$4,735$3,352$2,325$1,584$1,065$421
32 years$4,537$3,172$2,169$1,456$963$367
33 years$4,352$3,004$2,025$1,339$872$320
34 years$4,178$2,847$1,892$1,232$789$279
35 years$4,014$2,700$1,769$1,134$715$243
36 years$3,859$2,563$1,655$1,045$648$212
37 years$3,714$2,434$1,549$962$587$185
38 years$3,576$2,313$1,451$887$532$162
39 years$3,446$2,200$1,359$818$483$141
40 years$3,322$2,093$1,274$754$438$123
41 years$3,205$1,992$1,194$696$397$107
42 years$3,094$1,897$1,120$642$360$94
43 years$2,988$1,808$1,051$593$327$82
44 years$2,887$1,723$987$548$297$71
45 years$2,791$1,643$927$506$270$62
46 years$2,700$1,568$870$467$245$54
47 years$2,612$1,496$818$432$222$48
48 years$2,529$1,428$768$399$202$42
49 years$2,449$1,364$722$369$183$36
50 years$2,373$1,303$679$341$166$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,430,000, adding $5,299 every year, while hoping to spend $56,241 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: 54/26/20 Blend
72$2,430,000$2,430,000$2,430,000$2,430,000
73$2,683,326$2,554,536$2,516,871$2,813,348
74$2,897,185$2,619,868$2,541,346$2,968,355
75$3,130,973$2,686,517$2,564,756$3,130,635
76$3,386,663$2,754,487$2,587,006$3,306,073
77$3,666,428$2,823,782$2,607,996$3,495,943
78$3,972,660$2,894,403$2,627,620$3,701,647
79$4,307,994$2,966,352$2,645,768$3,924,731
80$4,675,330$3,039,624$2,662,323$4,166,896
81$5,077,865$3,114,217$2,677,161$4,430,017
82$5,519,116$3,190,122$2,690,155$4,716,159
83$6,002,959$3,267,331$2,701,168$5,027,599
84$6,533,662$3,345,832$2,710,059$5,366,843
85$7,115,926$3,425,608$2,716,676$5,736,655
86$7,754,930$3,506,642$2,720,865$6,140,078
87$8,456,378$3,588,913$2,722,458$6,580,467
88$9,226,552$3,672,393$2,721,284$7,061,518
89$10,072,374$3,757,054$2,717,161$7,587,305
90$11,001,468$3,842,862$2,709,898$8,162,316
91$12,022,234$3,929,778$2,699,296$8,791,498
92$13,143,925$4,017,760$2,685,145$9,480,303
93$14,376,733$4,106,759$2,667,226$10,234,738
94$15,731,891$4,196,721$2,645,308$11,061,424
95$17,221,769$4,287,585$2,619,152$11,967,658
96$18,860,000$4,379,287$2,588,504$12,961,481
97$20,661,600$4,471,753$2,553,099$14,051,757
98$22,643,118$4,564,903$2,512,662$15,248,252
99$24,822,782$4,658,650$2,466,902$16,561,733
100$27,220,679$4,752,897$2,415,517$18,004,062