Can I retire at age 73 with 2,660,000?

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 $2,660,000?

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$219,660$217,704$215,795$213,932$212,112$209,202
2 years$108,743$106,717$104,755$102,852$101,006$98,079
3 years$71,775$69,741$67,783$65,898$64,082$61,229
4 years$53,295$51,267$49,329$47,476$45,704$42,947
5 years$42,210$40,194$38,281$36,466$34,743$32,091
6 years$34,822$32,821$30,937$29,162$27,491$24,947
7 years$29,547$27,563$25,709$23,976$22,358$19,921
8 years$25,593$23,627$21,803$20,113$18,548$16,220
9 years$22,519$20,571$18,779$17,132$15,620$13,399
10 years$20,061$18,133$16,372$14,768$13,309$11,193
11 years$18,051$16,143$14,414$12,852$11,446$9,434
12 years$16,378$14,489$12,792$11,273$9,919$8,008
13 years$14,963$13,094$11,429$9,952$8,650$6,837
14 years$13,751$11,902$10,269$8,835$7,582$5,865
15 years$12,702$10,872$9,271$7,879$6,676$5,052
16 years$11,785$9,975$8,406$7,055$5,900$4,365
17 years$10,976$9,187$7,649$6,339$5,232$3,783
18 years$10,259$8,489$6,982$5,712$4,652$3,287
19 years$9,617$7,868$6,392$5,162$4,146$2,861
20 years$9,040$7,311$5,866$4,675$3,703$2,495
21 years$8,519$6,810$5,396$4,243$3,314$2,179
22 years$8,046$6,357$4,973$3,858$2,971$1,906
23 years$7,615$5,945$4,592$3,513$2,667$1,669
24 years$7,220$5,570$4,247$3,204$2,397$1,463
25 years$6,858$5,227$3,933$2,926$2,157$1,283
26 years$6,524$4,913$3,648$2,676$1,943$1,126
27 years$6,215$4,624$3,387$2,449$1,752$989
28 years$5,929$4,357$3,149$2,244$1,580$870
29 years$5,662$4,110$2,930$2,058$1,427$765
30 years$5,415$3,882$2,730$1,888$1,289$673
31 years$5,183$3,669$2,545$1,734$1,166$592
32 years$4,967$3,472$2,374$1,594$1,055$521
33 years$4,764$3,288$2,217$1,466$954$459
34 years$4,573$3,116$2,071$1,349$864$404
35 years$4,394$2,956$1,937$1,242$783$356
36 years$4,225$2,806$1,812$1,143$709$314
37 years$4,065$2,665$1,696$1,053$643$277
38 years$3,914$2,532$1,588$971$583$244
39 years$3,772$2,408$1,488$895$528$215
40 years$3,637$2,291$1,394$826$479$190
41 years$3,508$2,181$1,307$762$435$167
42 years$3,387$2,077$1,226$703$395$148
43 years$3,271$1,979$1,151$649$358$130
44 years$3,160$1,886$1,080$599$325$115
45 years$3,055$1,799$1,014$554$295$101
46 years$2,955$1,716$953$511$268$89
47 years$2,860$1,638$895$472$243$79
48 years$2,768$1,563$841$436$221$70
49 years$2,681$1,493$791$403$201$61
50 years$2,597$1,426$743$373$182$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,660,000, adding $6,115 every year, while hoping to spend $32,288 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: 63/21/16 Blend
72$2,660,000$2,660,000$2,660,000$2,660,000
73$2,937,628$2,796,648$2,755,418$3,110,683
74$3,202,911$2,899,329$2,813,370$3,330,311
75$3,494,172$3,005,960$2,872,181$3,565,822
76$3,814,025$3,116,699$2,931,847$3,822,234
77$4,165,352$3,231,714$2,992,360$4,101,581
78$4,551,326$3,351,176$3,053,712$4,406,104
79$4,975,444$3,475,267$3,115,895$4,738,269
80$5,441,559$3,604,175$3,178,897$5,100,790
81$5,953,914$3,738,095$3,242,706$5,496,654
82$6,517,185$3,877,233$3,307,308$5,929,151
83$7,136,523$4,021,802$3,372,688$6,401,902
84$7,817,602$4,172,025$3,438,827$6,918,892
85$8,566,676$4,328,132$3,505,706$7,484,510
86$9,390,633$4,490,367$3,573,303$8,103,588
87$10,297,064$4,658,981$3,641,595$8,781,449
88$11,294,331$4,834,238$3,710,555$9,523,952
89$12,391,649$5,016,412$3,780,155$10,337,549
90$13,599,170$5,205,789$3,850,363$11,229,348
91$14,928,081$5,402,668$3,921,146$12,207,175
92$16,390,707$5,607,361$3,992,466$13,279,650
93$18,000,630$5,820,193$4,064,285$14,456,267
94$19,772,815$6,041,502$4,136,558$15,747,483
95$21,723,750$6,271,644$4,209,241$17,164,816
96$23,871,604$6,510,987$4,282,283$18,720,955
97$26,236,399$6,759,916$4,355,631$20,429,874
98$28,840,195$7,018,835$4,429,227$22,306,969
99$31,707,300$7,288,163$4,503,011$24,369,198
100$34,864,499$7,568,338$4,576,917$26,635,244