Can I retire at age 73 with 2,730,000?

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$225,441$223,433$221,474$219,561$217,694$216,322
2 years$111,604$109,526$107,511$105,558$103,664$102,280
3 years$73,664$71,576$69,567$67,632$65,769$64,416
4 years$54,697$52,616$50,627$48,725$46,907$45,595
5 years$43,320$41,252$39,289$37,426$35,658$34,391
6 years$35,738$33,685$31,751$29,930$28,215$26,995
7 years$30,324$28,289$26,385$24,607$22,946$21,774
8 years$26,266$24,249$22,377$20,642$19,036$17,911
9 years$23,111$21,113$19,273$17,582$16,031$14,953
10 years$20,589$18,610$16,803$15,156$13,659$12,628
11 years$18,526$16,567$14,793$13,190$11,747$10,762
12 years$16,809$14,870$13,128$11,570$10,180$9,240
13 years$15,357$13,438$11,729$10,214$8,877$7,981
14 years$14,113$12,215$10,539$9,067$7,782$6,929
15 years$13,036$11,158$9,515$8,086$6,852$6,041
16 years$12,095$10,238$8,627$7,240$6,056$5,285
17 years$11,265$9,429$7,850$6,505$5,369$4,639
18 years$10,529$8,712$7,166$5,863$4,774$4,082
19 years$9,870$8,075$6,560$5,297$4,255$3,600
20 years$9,278$7,503$6,021$4,798$3,801$3,181
21 years$8,744$6,989$5,538$4,354$3,401$2,816
22 years$8,258$6,524$5,104$3,959$3,049$2,496
23 years$7,816$6,102$4,713$3,606$2,737$2,216
24 years$7,410$5,717$4,358$3,289$2,460$1,969
25 years$7,038$5,365$4,037$3,003$2,214$1,752
26 years$6,695$5,042$3,744$2,746$1,994$1,560
27 years$6,378$4,745$3,477$2,514$1,798$1,390
28 years$6,085$4,472$3,232$2,303$1,622$1,239
29 years$5,811$4,218$3,008$2,112$1,465$1,106
30 years$5,557$3,984$2,801$1,938$1,323$987
31 years$5,320$3,766$2,612$1,780$1,196$882
32 years$5,097$3,563$2,437$1,636$1,082$788
33 years$4,889$3,375$2,275$1,504$979$704
34 years$4,693$3,198$2,126$1,384$887$630
35 years$4,509$3,034$1,987$1,274$803$564
36 years$4,336$2,879$1,859$1,173$728$504
37 years$4,172$2,735$1,740$1,081$660$451
38 years$4,017$2,599$1,630$997$598$404
39 years$3,871$2,471$1,527$919$542$362
40 years$3,732$2,351$1,431$848$492$324
41 years$3,601$2,238$1,342$782$446$290
42 years$3,476$2,132$1,259$722$405$260
43 years$3,357$2,031$1,181$666$367$233
44 years$3,244$1,936$1,109$615$334$209
45 years$3,136$1,846$1,041$568$303$187
46 years$3,033$1,761$978$525$275$168
47 years$2,935$1,681$919$485$250$150
48 years$2,841$1,604$863$448$227$135
49 years$2,751$1,532$811$414$206$121
50 years$2,665$1,464$763$383$187$108

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,730,000, adding $6,845 every year, while hoping to spend $54,262 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: 40/50/10 Blend
72$2,730,000$2,730,000$2,730,000$2,730,000
73$3,015,521$2,870,831$2,828,516$3,126,835
74$3,265,369$2,953,767$2,865,537$3,288,742
75$3,538,884$3,038,949$2,901,979$3,457,876
76$3,838,421$3,126,428$2,937,766$3,639,623
77$4,166,576$3,216,259$2,972,818$3,835,145
78$4,526,207$3,308,496$3,007,047$4,045,724
79$4,920,462$3,403,194$3,040,365$4,272,765
80$5,352,806$3,500,408$3,072,674$4,517,816
81$5,827,060$3,600,195$3,103,876$4,782,580
82$6,347,427$3,702,612$3,133,863$5,068,930
83$6,918,542$3,807,716$3,162,524$5,378,927
84$7,545,505$3,915,567$3,189,741$5,714,838
85$8,233,939$4,026,222$3,215,390$6,079,160
86$8,990,036$4,139,742$3,239,340$6,474,639
87$9,820,615$4,256,185$3,261,454$6,904,299
88$10,733,192$4,375,612$3,281,587$7,371,470
89$11,736,044$4,498,084$3,299,587$7,879,817
90$12,838,292$4,623,661$3,315,294$8,433,375
91$14,049,981$4,752,404$3,328,540$9,036,587
92$15,382,182$4,884,374$3,339,149$9,694,348
93$16,847,089$5,019,633$3,346,934$10,412,045
94$18,458,138$5,158,241$3,351,703$11,195,613
95$20,230,132$5,300,259$3,353,249$12,051,588
96$22,179,381$5,445,747$3,351,359$12,987,170
97$24,323,856$5,594,767$3,345,807$14,010,289
98$26,683,356$5,747,377$3,336,358$15,129,678
99$29,279,696$5,903,637$3,322,764$16,354,961
100$32,136,915$6,063,604$3,304,766$17,696,737