Can I retire at age 73 with 2,610,000?

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 $2,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$215,531$213,612$211,738$209,910$208,125$202,765
2 years$106,699$104,712$102,786$100,918$99,107$93,742
3 years$70,426$68,430$66,509$64,659$62,878$57,676
4 years$52,293$50,303$48,402$46,583$44,845$39,847
5 years$41,416$39,438$37,562$35,781$34,090$29,310
6 years$34,167$32,204$30,355$28,614$26,975$22,416
7 years$28,992$27,045$25,225$23,525$21,938$17,601
8 years$25,112$23,183$21,393$19,735$18,199$14,083
9 years$22,095$20,185$18,426$16,810$15,326$11,427
10 years$19,684$17,792$16,064$14,490$13,059$9,371
11 years$17,712$15,839$14,143$12,611$11,231$7,750
12 years$16,070$14,216$12,551$11,061$9,733$6,452
13 years$14,682$12,847$11,214$9,765$8,487$5,400
14 years$13,493$11,678$10,076$8,669$7,440$4,539
15 years$12,463$10,668$9,097$7,731$6,550$3,829
16 years$11,563$9,788$8,248$6,922$5,789$3,240
17 years$10,770$9,014$7,505$6,220$5,133$2,748
18 years$10,066$8,329$6,851$5,605$4,564$2,336
19 years$9,436$7,720$6,272$5,065$4,068$1,989
20 years$8,871$7,173$5,756$4,587$3,634$1,696
21 years$8,359$6,682$5,294$4,163$3,252$1,448
22 years$7,895$6,237$4,880$3,785$2,915$1,237
23 years$7,472$5,834$4,505$3,447$2,617$1,058
24 years$7,085$5,466$4,167$3,144$2,352$906
25 years$6,729$5,129$3,859$2,871$2,116$776
26 years$6,401$4,821$3,579$2,625$1,906$665
27 years$6,098$4,537$3,324$2,403$1,719$570
28 years$5,817$4,275$3,090$2,202$1,551$489
29 years$5,556$4,033$2,875$2,019$1,400$420
30 years$5,313$3,809$2,678$1,853$1,265$360
31 years$5,086$3,600$2,497$1,702$1,144$309
32 years$4,873$3,407$2,330$1,564$1,035$266
33 years$4,674$3,226$2,175$1,438$936$228
34 years$4,487$3,058$2,032$1,323$848$196
35 years$4,311$2,900$1,900$1,218$768$168
36 years$4,145$2,753$1,778$1,122$696$145
37 years$3,989$2,615$1,664$1,034$631$124
38 years$3,841$2,485$1,558$953$572$107
39 years$3,701$2,363$1,460$879$518$92
40 years$3,568$2,248$1,368$810$470$79
41 years$3,442$2,140$1,283$748$427$68
42 years$3,323$2,038$1,203$690$387$58
43 years$3,209$1,942$1,129$637$351$50
44 years$3,101$1,851$1,060$588$319$43
45 years$2,998$1,765$995$543$290$37
46 years$2,900$1,684$935$502$263$32
47 years$2,806$1,607$878$463$239$27
48 years$2,716$1,534$825$428$217$24
49 years$2,630$1,465$776$396$197$20
50 years$2,548$1,399$729$366$179$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,610,000, adding $3,065 every year, while hoping to spend $37,191 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: 41/48/11 Blend
72$2,610,000$2,610,000$2,610,000$2,610,000
73$2,879,382$2,741,052$2,700,597$2,987,936
74$3,133,508$2,835,792$2,751,496$3,159,195
75$3,412,308$2,933,929$2,802,853$3,340,500
76$3,718,260$3,035,588$2,854,646$3,535,900
77$4,054,093$3,140,902$2,906,847$3,746,690
78$4,422,813$3,250,009$2,959,429$3,974,295
79$4,827,732$3,363,051$3,012,361$4,220,279
80$5,272,496$3,480,176$3,065,611$4,486,362
81$5,761,125$3,601,539$3,119,144$4,774,432
82$6,298,046$3,727,300$3,172,921$5,086,567
83$6,888,135$3,857,626$3,226,902$5,425,050
84$7,536,765$3,992,691$3,281,043$5,792,391
85$8,249,855$4,132,673$3,335,299$6,191,349
86$9,033,928$4,277,761$3,389,619$6,624,960
87$9,896,168$4,428,151$3,443,950$7,096,562
88$10,844,490$4,584,044$3,498,236$7,609,829
89$11,887,618$4,745,651$3,552,416$8,168,799
90$13,035,159$4,913,192$3,606,426$8,777,919
91$14,297,702$5,086,896$3,660,198$9,442,079
92$15,686,913$5,266,999$3,713,660$10,166,661
93$17,215,645$5,453,748$3,766,735$10,957,589
94$18,898,060$5,647,402$3,819,340$11,821,382
95$20,749,765$5,848,227$3,871,390$12,765,216
96$22,787,952$6,056,501$3,922,793$13,796,988
97$25,031,568$6,272,515$3,973,452$14,925,396
98$27,501,489$6,496,569$4,023,264$16,160,010
99$30,220,719$6,728,979$4,072,120$17,511,370
100$33,214,603$6,970,069$4,119,907$18,991,080