Can I retire at age 73 with 2,480,000?

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 $2,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$204,796$202,972$201,192$199,455$197,759$196,760
2 years$101,384$99,496$97,666$95,892$94,171$93,163
3 years$66,918$65,022$63,196$61,439$59,746$58,760
4 years$49,688$47,798$45,991$44,263$42,611$41,655
5 years$39,353$37,474$35,691$33,998$32,392$31,468
6 years$32,465$30,600$28,843$27,189$25,631$24,741
7 years$27,548$25,698$23,969$22,353$20,845$19,989
8 years$23,861$22,028$20,328$18,752$17,293$16,471
9 years$20,995$19,179$17,508$15,972$14,563$13,775
10 years$18,703$16,906$15,264$13,768$12,408$11,654
11 years$16,830$15,050$13,438$11,983$10,672$9,950
12 years$15,270$13,508$11,926$10,510$9,248$8,559
13 years$13,950$12,207$10,655$9,279$8,064$7,407
14 years$12,821$11,096$9,574$8,237$7,069$6,443
15 years$11,842$10,137$8,644$7,346$6,224$5,628
16 years$10,987$9,300$7,837$6,577$5,501$4,934
17 years$10,234$8,565$7,131$5,910$4,878$4,339
18 years$9,564$7,915$6,510$5,326$4,337$3,827
19 years$8,966$7,335$5,959$4,812$3,866$3,382
20 years$8,429$6,816$5,469$4,359$3,453$2,995
21 years$7,943$6,349$5,031$3,956$3,090$2,657
22 years$7,502$5,927$4,637$3,597$2,770$2,361
23 years$7,100$5,543$4,281$3,275$2,486$2,100
24 years$6,732$5,193$3,959$2,987$2,235$1,871
25 years$6,394$4,874$3,667$2,728$2,011$1,668
26 years$6,082$4,581$3,401$2,495$1,811$1,489
27 years$5,794$4,311$3,158$2,283$1,633$1,330
28 years$5,527$4,062$2,936$2,092$1,474$1,189
29 years$5,279$3,832$2,732$1,918$1,331$1,063
30 years$5,048$3,619$2,545$1,761$1,202$951
31 years$4,832$3,421$2,373$1,617$1,087$852
32 years$4,631$3,237$2,214$1,486$983$763
33 years$4,441$3,066$2,067$1,367$890$684
34 years$4,264$2,905$1,931$1,257$806$613
35 years$4,096$2,756$1,805$1,157$730$550
36 years$3,939$2,616$1,689$1,066$661$493
37 years$3,790$2,484$1,581$982$599$442
38 years$3,650$2,361$1,480$905$543$397
39 years$3,517$2,245$1,387$835$493$356
40 years$3,391$2,136$1,300$770$447$320
41 years$3,271$2,033$1,219$710$405$287
42 years$3,157$1,936$1,143$656$368$258
43 years$3,049$1,845$1,073$605$334$232
44 years$2,947$1,759$1,007$559$303$208
45 years$2,849$1,677$946$516$275$187
46 years$2,755$1,600$888$477$250$168
47 years$2,666$1,527$834$440$227$151
48 years$2,581$1,457$784$407$206$136
49 years$2,499$1,392$737$376$187$122
50 years$2,421$1,330$693$348$170$110

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,480,000, adding $2,828 every year, while hoping to spend $39,195 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: 32/41/27 Blend
72$2,480,000$2,480,000$2,480,000$2,480,000
73$2,735,877$2,604,437$2,565,997$2,800,770
74$2,973,233$2,690,351$2,610,255$2,936,529
75$3,233,486$2,779,162$2,654,682$3,078,979
76$3,518,930$2,870,969$2,699,241$3,231,641
77$3,832,091$2,965,877$2,743,897$3,395,441
78$4,175,753$3,063,993$2,788,606$3,571,394
79$4,552,982$3,165,431$2,833,326$3,760,617
80$4,967,153$3,270,304$2,878,009$3,964,339
81$5,421,988$3,378,734$2,922,608$4,183,910
82$5,921,584$3,490,845$2,967,068$4,420,812
83$6,470,455$3,606,766$3,011,335$4,676,679
84$7,073,575$3,726,631$3,055,347$4,953,304
85$7,736,421$3,850,577$3,099,043$5,252,662
86$8,465,029$3,978,749$3,142,355$5,576,924
87$9,266,050$4,111,296$3,185,211$5,928,480
88$10,146,809$4,248,371$3,227,538$6,309,958
89$11,115,378$4,390,135$3,269,254$6,724,251
90$12,180,648$4,536,754$3,310,276$7,174,544
91$13,352,419$4,688,399$3,350,515$7,664,340
92$14,641,485$4,845,250$3,389,876$8,197,497
93$16,059,739$5,007,490$3,428,260$8,778,261
94$17,620,287$5,175,312$3,465,562$9,411,306
95$19,337,569$5,348,915$3,501,671$10,101,780
96$21,227,494$5,528,504$3,536,469$10,855,349
97$23,307,592$5,714,295$3,569,835$11,678,252
98$25,597,179$5,906,508$3,601,637$12,577,361
99$28,117,539$6,105,374$3,631,740$13,560,242
100$30,892,123$6,311,133$3,659,998$14,635,228