Can I retire at age 73 with 2,550,000?

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$210,577$208,701$206,871$205,085$203,341$199,235
2 years$104,246$102,304$100,423$98,598$96,829$92,711
3 years$68,807$66,857$64,980$63,173$61,432$57,430
4 years$51,091$49,147$47,289$45,513$43,814$39,958
5 years$40,464$38,532$36,698$34,958$33,307$29,608
6 years$33,382$31,464$29,658$27,956$26,354$22,818
7 years$28,325$26,424$24,646$22,984$21,433$18,059
8 years$24,534$22,650$20,901$19,281$17,781$14,568
9 years$21,587$19,721$18,002$16,423$14,974$11,920
10 years$19,231$17,383$15,695$14,157$12,759$9,861
11 years$17,305$15,475$13,818$12,321$10,973$8,228
12 years$15,701$13,889$12,263$10,807$9,509$6,912
13 years$14,344$12,552$10,956$9,541$8,292$5,840
14 years$13,183$11,409$9,844$8,469$7,269$4,956
15 years$12,177$10,423$8,888$7,553$6,400$4,222
16 years$11,297$9,563$8,058$6,763$5,656$3,608
17 years$10,522$8,807$7,332$6,077$5,015$3,091
18 years$9,834$8,138$6,694$5,476$4,459$2,655
19 years$9,219$7,542$6,128$4,948$3,975$2,284
20 years$8,667$7,009$5,624$4,482$3,550$1,968
21 years$8,167$6,528$5,173$4,067$3,177$1,698
22 years$7,714$6,094$4,767$3,698$2,848$1,467
23 years$7,300$5,699$4,402$3,368$2,556$1,269
24 years$6,922$5,340$4,071$3,072$2,298$1,098
25 years$6,574$5,011$3,771$2,805$2,068$951
26 years$6,254$4,710$3,497$2,565$1,862$824
27 years$5,958$4,433$3,247$2,348$1,679$715
28 years$5,683$4,177$3,019$2,151$1,515$620
29 years$5,428$3,940$2,809$1,973$1,368$538
30 years$5,191$3,721$2,617$1,810$1,236$467
31 years$4,969$3,518$2,439$1,663$1,118$406
32 years$4,761$3,328$2,276$1,528$1,011$353
33 years$4,567$3,152$2,125$1,405$915$307
34 years$4,384$2,988$1,986$1,293$828$266
35 years$4,212$2,834$1,856$1,190$750$232
36 years$4,050$2,690$1,737$1,096$680$201
37 years$3,897$2,554$1,625$1,010$616$175
38 years$3,753$2,428$1,522$931$559$152
39 years$3,616$2,308$1,426$858$507$132
40 years$3,486$2,196$1,337$792$459$115
41 years$3,363$2,091$1,253$730$417$100
42 years$3,247$1,991$1,176$674$378$87
43 years$3,135$1,897$1,103$622$343$76
44 years$3,030$1,808$1,036$575$312$66
45 years$2,929$1,724$972$531$283$57
46 years$2,833$1,645$913$490$257$50
47 years$2,741$1,570$858$453$233$43
48 years$2,654$1,499$806$418$212$38
49 years$2,570$1,431$758$387$192$33
50 years$2,490$1,367$713$357$175$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,550,000, adding $4,666 every year, while hoping to spend $54,510 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: 40/46/14 Blend
72$2,550,000$2,550,000$2,550,000$2,550,000
73$2,814,913$2,679,763$2,640,238$2,915,595
74$3,044,036$2,753,073$2,670,688$3,060,646
75$3,294,702$2,828,149$2,700,331$3,211,780
76$3,569,052$2,905,018$2,729,082$3,374,095
77$3,869,442$2,983,711$2,756,853$3,548,629
78$4,198,467$3,064,254$2,783,549$3,736,528
79$4,558,983$3,146,675$2,809,071$3,939,049
80$4,954,140$3,231,002$2,833,314$4,157,577
81$5,387,401$3,317,261$2,856,170$4,393,639
82$5,862,585$3,405,476$2,877,521$4,648,911
83$6,383,897$3,495,672$2,897,245$4,925,241
84$6,955,967$3,587,872$2,915,216$5,224,665
85$7,583,897$3,682,099$2,931,297$5,549,421
86$8,273,306$3,778,374$2,945,347$5,901,977
87$9,030,384$3,876,715$2,957,217$6,285,048
88$9,861,950$3,977,141$2,966,751$6,701,627
89$10,775,516$4,079,668$2,973,783$7,155,010
90$11,779,356$4,184,309$2,978,143$7,648,824
91$12,882,587$4,291,077$2,979,647$8,187,070
92$14,095,252$4,399,981$2,978,107$8,774,151
93$15,428,416$4,511,028$2,973,322$9,414,920
94$16,894,270$4,624,224$2,965,083$10,114,722
95$18,506,243$4,739,569$2,953,171$10,879,446
96$20,279,134$4,857,062$2,937,357$11,715,581
97$22,229,245$4,976,697$2,917,398$12,630,277
98$24,374,539$5,098,466$2,893,041$13,631,411
99$26,734,807$5,222,357$2,864,024$14,727,662
100$29,331,856$5,348,350$2,830,067$15,928,595