Can I retire at age 73 with 2,640,000?

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$218,009$216,067$214,172$212,323$210,517$204,352
2 years$107,925$105,915$103,967$102,078$100,246$94,085
3 years$71,235$69,217$67,274$65,403$63,600$57,636
4 years$52,894$50,882$48,958$47,119$45,360$39,638
5 years$41,892$39,892$37,993$36,192$34,482$29,018
6 years$34,560$32,575$30,704$28,943$27,285$22,084
7 years$29,325$27,356$25,515$23,796$22,190$17,252
8 years$25,400$23,449$21,639$19,961$18,408$13,731
9 years$22,349$20,417$18,638$17,003$15,503$11,081
10 years$19,910$17,996$16,249$14,657$13,209$9,036
11 years$17,916$16,021$14,305$12,756$11,360$7,430
12 years$16,255$14,380$12,695$11,188$9,844$6,149
13 years$14,850$12,995$11,343$9,878$8,585$5,115
14 years$13,648$11,812$10,191$8,768$7,525$4,273
15 years$12,606$10,791$9,201$7,820$6,626$3,582
16 years$11,696$9,900$8,342$7,002$5,856$3,011
17 years$10,894$9,118$7,591$6,291$5,192$2,538
18 years$10,181$8,425$6,930$5,669$4,617$2,142
19 years$9,545$7,808$6,344$5,123$4,115$1,812
20 years$8,973$7,256$5,822$4,640$3,676$1,534
21 years$8,455$6,759$5,355$4,211$3,289$1,301
22 years$7,986$6,309$4,936$3,829$2,948$1,104
23 years$7,558$5,901$4,557$3,487$2,647$938
24 years$7,166$5,528$4,215$3,180$2,379$797
25 years$6,806$5,188$3,904$2,904$2,141$678
26 years$6,475$4,876$3,620$2,656$1,928$577
27 years$6,168$4,589$3,362$2,431$1,738$491
28 years$5,884$4,324$3,125$2,227$1,569$418
29 years$5,620$4,079$2,908$2,042$1,416$356
30 years$5,374$3,852$2,709$1,874$1,280$303
31 years$5,144$3,642$2,526$1,721$1,157$258
32 years$4,929$3,446$2,356$1,582$1,047$220
33 years$4,728$3,263$2,200$1,455$947$188
34 years$4,539$3,093$2,056$1,339$858$160
35 years$4,361$2,934$1,922$1,232$777$136
36 years$4,193$2,784$1,798$1,135$704$116
37 years$4,035$2,645$1,683$1,046$638$99
38 years$3,885$2,513$1,576$964$578$85
39 years$3,743$2,390$1,476$889$524$72
40 years$3,609$2,274$1,384$820$476$62
41 years$3,482$2,164$1,298$756$432$53
42 years$3,361$2,061$1,217$698$392$45
43 years$3,246$1,964$1,142$644$355$38
44 years$3,137$1,872$1,072$595$323$33
45 years$3,032$1,785$1,007$549$293$28
46 years$2,933$1,703$946$507$266$24
47 years$2,838$1,625$888$469$241$20
48 years$2,747$1,551$835$433$219$17
49 years$2,661$1,482$785$400$199$15
50 years$2,578$1,415$738$370$181$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,640,000, adding $6,785 every year, while hoping to spend $41,007 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: 64/7/29 Blend
72$2,640,000$2,640,000$2,640,000$2,640,000
73$2,916,279$2,776,359$2,735,439$3,079,964
74$3,170,108$2,868,769$2,783,445$3,284,129
75$3,448,454$2,964,333$2,831,685$3,502,024
76$3,753,773$3,063,163$2,880,123$3,739,246
77$4,088,772$3,165,372$2,928,722$3,997,700
78$4,456,433$3,271,081$2,977,440$4,279,485
79$4,860,039$3,380,414$3,026,234$4,586,916
80$5,303,208$3,493,500$3,075,058$4,922,537
81$5,789,925$3,610,471$3,123,863$5,289,155
82$6,324,580$3,731,467$3,172,594$5,689,861
83$6,912,008$3,856,629$3,221,197$6,128,058
84$7,557,536$3,986,108$3,269,611$6,607,497
85$8,267,035$4,120,057$3,317,772$7,132,309
86$9,046,969$4,258,636$3,365,614$7,707,048
87$9,904,462$4,402,012$3,413,065$8,336,727
88$10,847,363$4,550,356$3,460,048$9,026,872
89$11,884,318$4,703,848$3,506,484$9,783,570
90$13,024,854$4,862,672$3,552,287$10,613,529
91$14,279,467$5,027,021$3,597,366$11,524,139
92$15,659,722$5,197,094$3,641,628$12,523,542
93$17,178,362$5,373,099$3,684,970$13,620,711
94$18,849,425$5,555,251$3,727,286$14,825,531
95$20,688,381$5,743,773$3,768,465$16,148,895
96$22,712,274$5,938,896$3,808,387$17,602,806
97$24,939,885$6,140,861$3,846,927$19,200,490
98$27,391,908$6,349,918$3,883,953$20,956,521
99$30,091,144$6,566,325$3,919,327$22,886,958
100$33,062,717$6,790,352$3,952,902$25,009,497