Can I retire at age 73 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$208,925$207,064$205,248$203,476$201,746$198,977
2 years$103,428$101,502$99,635$97,825$96,069$93,285
3 years$68,267$66,333$64,471$62,677$60,950$58,237
4 years$50,690$48,762$46,918$45,156$43,470$40,848
5 years$40,147$38,230$36,410$34,684$33,045$30,523
6 years$33,120$31,217$29,425$27,737$26,148$23,727
7 years$28,103$26,216$24,452$22,804$21,265$18,948
8 years$24,342$22,472$20,737$19,130$17,641$15,427
9 years$21,418$19,566$17,861$16,294$14,857$12,744
10 years$19,080$17,247$15,572$14,046$12,659$10,646
11 years$17,169$15,354$13,709$12,224$10,887$8,973
12 years$15,577$13,781$12,167$10,722$9,434$7,616
13 years$14,232$12,454$10,870$9,466$8,227$6,503
14 years$13,079$11,320$9,767$8,403$7,212$5,578
15 years$12,081$10,341$8,818$7,494$6,350$4,805
16 years$11,209$9,488$7,995$6,710$5,612$4,152
17 years$10,440$8,738$7,275$6,029$4,976$3,598
18 years$9,757$8,074$6,641$5,433$4,424$3,126
19 years$9,147$7,483$6,080$4,909$3,943$2,721
20 years$8,599$6,954$5,580$4,446$3,522$2,373
21 years$8,103$6,477$5,132$4,035$3,152$2,073
22 years$7,653$6,046$4,730$3,669$2,825$1,813
23 years$7,243$5,655$4,367$3,342$2,536$1,587
24 years$6,868$5,298$4,039$3,048$2,280$1,391
25 years$6,523$4,972$3,741$2,783$2,051$1,220
26 years$6,205$4,673$3,470$2,545$1,848$1,071
27 years$5,911$4,398$3,222$2,329$1,666$941
28 years$5,639$4,144$2,995$2,134$1,503$827
29 years$5,386$3,909$2,787$1,957$1,357$727
30 years$5,150$3,692$2,596$1,796$1,226$640
31 years$4,930$3,490$2,420$1,650$1,109$563
32 years$4,724$3,302$2,258$1,516$1,003$496
33 years$4,531$3,127$2,109$1,394$908$437
34 years$4,350$2,964$1,970$1,283$822$385
35 years$4,179$2,811$1,842$1,181$744$339
36 years$4,018$2,668$1,723$1,088$674$299
37 years$3,867$2,534$1,613$1,002$611$263
38 years$3,723$2,409$1,510$924$554$232
39 years$3,587$2,290$1,415$852$503$205
40 years$3,459$2,179$1,326$785$456$180
41 years$3,337$2,074$1,244$725$414$159
42 years$3,221$1,975$1,167$669$375$140
43 years$3,111$1,882$1,095$617$341$124
44 years$3,006$1,794$1,027$570$309$109
45 years$2,906$1,711$965$526$281$96
46 years$2,811$1,632$906$486$255$85
47 years$2,720$1,558$851$449$231$75
48 years$2,633$1,487$800$415$210$66
49 years$2,550$1,420$752$384$191$58
50 years$2,470$1,356$707$355$173$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,530,000, adding $2,661 every year, while hoping to spend $59,125 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: 43/40/17 Blend
72$2,530,000$2,530,000$2,530,000$2,530,000
73$2,790,805$2,656,715$2,617,500$2,896,900
74$3,012,558$2,723,985$2,642,278$3,039,101
75$3,254,949$2,792,570$2,665,904$3,187,026
76$3,520,020$2,862,472$2,688,277$3,346,036
77$3,810,019$2,933,691$2,709,292$3,517,176
78$4,127,424$3,006,224$2,728,836$3,701,600
79$4,474,960$3,080,068$2,746,791$3,900,579
80$4,855,631$3,155,217$2,763,034$4,115,510
81$5,272,744$3,231,661$2,777,433$4,347,934
82$5,729,940$3,309,388$2,789,854$4,599,547
83$6,231,230$3,388,385$2,800,150$4,872,220
84$6,781,032$3,468,632$2,808,172$5,168,012
85$7,384,212$3,550,110$2,813,761$5,489,192
86$8,046,130$3,632,793$2,816,749$5,838,259
87$8,772,687$3,716,652$2,816,962$6,217,970
88$9,570,388$3,801,655$2,814,217$6,631,358
89$10,446,395$3,887,763$2,808,321$7,081,770
90$11,408,599$3,974,936$2,799,072$7,572,891
91$12,465,694$4,063,125$2,786,258$8,108,783
92$13,627,255$4,152,278$2,769,658$8,693,925
93$14,903,832$4,242,337$2,749,038$9,333,249
94$16,307,047$4,333,236$2,724,156$10,032,193
95$17,849,706$4,424,904$2,694,755$10,796,751
96$19,545,915$4,517,264$2,660,568$11,633,527
97$21,411,217$4,610,228$2,621,316$12,549,801
98$23,462,736$4,703,704$2,576,705$13,553,598
99$25,719,338$4,797,589$2,526,428$14,653,761
100$28,201,811$4,891,771$2,470,163$15,860,037