Can I retire at age 73 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$207,273$205,427$203,626$201,868$200,151$196,030
2 years$102,611$100,700$98,848$97,052$95,310$91,177
3 years$67,728$65,808$63,961$62,182$60,469$56,452
4 years$50,289$48,376$46,547$44,799$43,127$39,258
5 years$39,829$37,927$36,122$34,410$32,784$29,074
6 years$32,858$30,971$29,192$27,518$25,941$22,394
7 years$27,881$26,009$24,259$22,624$21,097$17,713
8 years$24,149$22,295$20,574$18,979$17,502$14,281
9 years$21,249$19,411$17,720$16,166$14,739$11,678
10 years$18,930$17,110$15,449$13,935$12,559$9,655
11 years$17,033$15,232$13,601$12,127$10,801$8,051
12 years$15,454$13,672$12,070$10,637$9,360$6,759
13 years$14,119$12,355$10,784$9,391$8,162$5,707
14 years$12,976$11,230$9,690$8,337$7,155$4,840
15 years$11,986$10,259$8,748$7,435$6,300$4,120
16 years$11,120$9,413$7,932$6,657$5,568$3,518
17 years$10,357$8,669$7,217$5,981$4,937$3,012
18 years$9,680$8,010$6,589$5,390$4,389$2,585
19 years$9,075$7,424$6,032$4,871$3,912$2,222
20 years$8,531$6,899$5,535$4,411$3,495$1,914
21 years$8,039$6,426$5,092$4,003$3,127$1,650
22 years$7,593$5,998$4,693$3,640$2,803$1,424
23 years$7,186$5,610$4,333$3,315$2,516$1,231
24 years$6,813$5,256$4,007$3,024$2,262$1,064
25 years$6,471$4,933$3,711$2,761$2,035$921
26 years$6,156$4,636$3,442$2,525$1,833$798
27 years$5,864$4,363$3,196$2,311$1,653$691
28 years$5,594$4,111$2,971$2,117$1,491$599
29 years$5,343$3,878$2,765$1,942$1,347$520
30 years$5,109$3,663$2,576$1,782$1,217$451
31 years$4,891$3,463$2,401$1,637$1,100$391
32 years$4,687$3,276$2,240$1,504$995$340
33 years$4,495$3,103$2,092$1,383$901$295
34 years$4,315$2,941$1,954$1,273$815$256
35 years$4,146$2,789$1,827$1,171$738$222
36 years$3,986$2,647$1,709$1,079$669$193
37 years$3,836$2,514$1,600$994$606$168
38 years$3,694$2,390$1,498$916$550$146
39 years$3,559$2,272$1,404$845$499$127
40 years$3,432$2,162$1,316$779$452$110
41 years$3,311$2,058$1,234$719$410$96
42 years$3,196$1,960$1,157$664$372$83
43 years$3,086$1,867$1,086$612$338$72
44 years$2,982$1,780$1,019$566$307$63
45 years$2,883$1,697$957$522$278$55
46 years$2,789$1,619$899$482$253$48
47 years$2,698$1,545$845$446$230$41
48 years$2,612$1,475$794$412$208$36
49 years$2,530$1,409$746$381$189$31
50 years$2,451$1,346$701$352$172$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,510,000, adding $3,274 every year, while hoping to spend $59,351 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: 53/38/9 Blend
72$2,510,000$2,510,000$2,510,000$2,510,000
73$2,769,397$2,636,367$2,597,462$2,909,750
74$2,988,727$2,702,400$2,621,328$3,071,429
75$3,228,439$2,769,680$2,644,004$3,240,514
76$3,490,549$2,838,204$2,665,388$3,423,062
77$3,777,279$2,907,969$2,685,372$3,620,358
78$4,091,071$2,978,970$2,703,843$3,833,818
79$4,434,619$3,051,198$2,720,680$4,064,998
80$4,810,886$3,124,642$2,735,758$4,315,615
81$5,223,136$3,199,289$2,748,946$4,587,557
82$5,674,963$3,275,122$2,760,103$4,882,906
83$6,170,328$3,352,122$2,769,085$5,203,950
84$6,713,591$3,430,265$2,775,739$5,553,216
85$7,309,554$3,509,524$2,779,902$5,933,480
86$7,963,507$3,589,869$2,781,408$6,347,807
87$8,681,277$3,671,265$2,780,077$6,799,569
88$9,469,282$3,753,673$2,775,725$7,292,481
89$10,334,594$3,837,048$2,768,157$7,830,638
90$11,285,000$3,921,340$2,757,167$8,418,551
91$12,329,079$4,006,496$2,742,542$9,061,188
92$13,476,285$4,092,454$2,724,057$9,764,025
93$14,737,030$4,179,147$2,701,476$10,533,096
94$16,122,784$4,266,503$2,674,553$11,375,049
95$17,646,187$4,354,441$2,643,030$12,297,209
96$19,321,162$4,442,872$2,606,635$13,307,648
97$21,163,048$4,531,700$2,565,085$14,415,263
98$23,188,747$4,620,822$2,518,084$15,629,854
99$25,416,881$4,710,123$2,465,320$16,962,224
100$27,867,964$4,799,481$2,406,471$18,424,277