Can I retire at age 73 with 2,560,000?

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$211,402$209,519$207,682$205,889$204,138$199,365
2 years$104,655$102,706$100,817$98,985$97,209$92,427
3 years$69,077$67,119$65,235$63,421$61,673$57,032
4 years$51,291$49,340$47,474$45,691$43,986$39,522
5 years$40,623$38,683$36,842$35,095$33,437$29,162
6 years$33,513$31,588$29,774$28,066$26,458$22,376
7 years$28,436$26,527$24,742$23,074$21,517$17,629
8 years$24,630$22,739$20,983$19,357$17,851$14,155
9 years$21,672$19,798$18,073$16,488$15,033$11,527
10 years$19,307$17,451$15,756$14,212$12,809$9,489
11 years$17,373$15,536$13,872$12,369$11,016$7,877
12 years$15,762$13,944$12,311$10,849$9,546$6,583
13 years$14,400$12,601$10,999$9,578$8,324$5,532
14 years$13,234$11,454$9,883$8,503$7,297$4,670
15 years$12,224$10,464$8,923$7,583$6,425$3,956
16 years$11,342$9,600$8,090$6,790$5,678$3,361
17 years$10,564$8,841$7,361$6,100$5,035$2,864
18 years$9,873$8,170$6,720$5,498$4,477$2,445
19 years$9,256$7,572$6,152$4,968$3,990$2,091
20 years$8,701$7,036$5,646$4,499$3,564$1,791
21 years$8,199$6,554$5,193$4,083$3,190$1,536
22 years$7,744$6,118$4,786$3,713$2,859$1,319
23 years$7,329$5,722$4,419$3,381$2,566$1,133
24 years$6,949$5,361$4,087$3,084$2,307$975
25 years$6,600$5,031$3,785$2,816$2,076$839
26 years$6,278$4,728$3,511$2,575$1,870$722
27 years$5,981$4,450$3,260$2,357$1,686$622
28 years$5,706$4,193$3,031$2,160$1,521$537
29 years$5,450$3,956$2,820$1,980$1,373$463
30 years$5,211$3,736$2,627$1,817$1,241$399
31 years$4,988$3,532$2,449$1,669$1,122$344
32 years$4,780$3,342$2,285$1,534$1,015$297
33 years$4,585$3,164$2,134$1,411$918$257
34 years$4,401$2,999$1,993$1,298$832$221
35 years$4,229$2,845$1,864$1,195$753$191
36 years$4,066$2,700$1,743$1,100$682$165
37 years$3,912$2,564$1,632$1,014$619$143
38 years$3,767$2,437$1,528$935$561$123
39 years$3,630$2,317$1,432$862$509$106
40 years$3,500$2,205$1,342$795$461$92
41 years$3,376$2,099$1,258$733$418$79
42 years$3,259$1,999$1,180$677$380$69
43 years$3,148$1,905$1,108$625$345$59
44 years$3,042$1,815$1,040$577$313$51
45 years$2,941$1,731$976$533$284$44
46 years$2,844$1,651$917$492$258$38
47 years$2,752$1,576$861$455$234$33
48 years$2,664$1,504$809$420$213$29
49 years$2,580$1,437$761$388$193$25
50 years$2,499$1,372$715$359$175$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,560,000, adding $2,559 every year, while hoping to spend $45,175 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: 73/11/16 Blend
72$2,560,000$2,560,000$2,560,000$2,560,000
73$2,823,760$2,688,080$2,648,400$3,019,494
74$3,063,717$2,771,730$2,689,055$3,233,226
75$3,326,636$2,857,964$2,729,559$3,461,511
76$3,614,812$2,946,863$2,769,857$3,710,391
77$3,930,770$3,038,507$2,809,895$3,981,900
78$4,277,294$3,132,979$2,849,612$4,278,275
79$4,657,450$3,230,367$2,888,945$4,601,983
80$5,074,613$3,330,758$2,927,829$4,955,738
81$5,532,503$3,434,245$2,966,191$5,342,533
82$6,035,217$3,540,922$3,003,957$5,765,661
83$6,587,268$3,650,885$3,041,047$6,228,751
84$7,193,625$3,764,235$3,077,379$6,735,799
85$7,859,767$3,881,075$3,112,863$7,291,209
86$8,591,726$4,001,510$3,147,406$7,899,831
87$9,396,147$4,125,649$3,180,910$8,567,008
88$10,280,354$4,253,606$3,213,270$9,298,626
89$11,252,413$4,385,495$3,244,377$10,101,170
90$12,321,210$4,521,435$3,274,115$10,981,784
91$13,496,538$4,661,550$3,302,363$11,948,339
92$14,789,184$4,805,965$3,328,991$13,009,507
93$16,211,034$4,954,811$3,353,866$14,174,843
94$17,775,184$5,108,221$3,376,844$15,454,873
95$19,496,061$5,266,332$3,397,777$16,861,195
96$21,389,564$5,429,287$3,416,507$18,406,591
97$23,473,209$5,597,231$3,432,869$20,105,139
98$25,766,295$5,770,315$3,446,689$21,972,356
99$28,290,089$5,948,692$3,457,785$24,025,337
100$31,068,023$6,132,522$3,465,966$26,282,919