Can I retire at age 73 with 2,760,000?

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$227,918$225,888$223,907$221,974$220,086$217,697
2 years$112,831$110,729$108,693$106,718$104,803$102,398
3 years$74,473$72,363$70,331$68,375$66,491$64,144
4 years$55,298$53,194$51,183$49,261$47,422$45,151
5 years$43,796$41,705$39,720$37,837$36,050$33,862
6 years$36,131$34,055$32,100$30,258$28,525$26,423
7 years$30,658$28,600$26,675$24,877$23,198$21,183
8 years$26,555$24,515$22,623$20,869$19,245$17,316
9 years$23,365$21,345$19,485$17,776$16,207$14,364
10 years$20,815$18,814$16,987$15,323$13,809$12,050
11 years$18,730$16,749$14,955$13,335$11,877$10,200
12 years$16,993$15,033$13,273$11,697$10,292$8,697
13 years$15,525$13,586$11,858$10,327$8,975$7,459
14 years$14,268$12,349$10,655$9,167$7,867$6,429
15 years$13,179$11,281$9,620$8,175$6,927$5,564
16 years$12,228$10,350$8,722$7,320$6,122$4,831
17 years$11,389$9,532$7,936$6,577$5,428$4,208
18 years$10,644$8,808$7,245$5,927$4,827$3,674
19 years$9,979$8,163$6,632$5,356$4,302$3,215
20 years$9,380$7,586$6,087$4,851$3,843$2,818
21 years$8,840$7,066$5,599$4,402$3,439$2,474
22 years$8,349$6,596$5,160$4,003$3,082$2,175
23 years$7,901$6,169$4,764$3,645$2,767$1,915
24 years$7,492$5,780$4,406$3,325$2,487$1,687
25 years$7,116$5,424$4,081$3,036$2,238$1,488
26 years$6,769$5,098$3,785$2,776$2,016$1,314
27 years$6,449$4,798$3,515$2,541$1,817$1,161
28 years$6,151$4,521$3,267$2,328$1,640$1,026
29 years$5,875$4,265$3,041$2,135$1,481$907
30 years$5,618$4,028$2,832$1,959$1,338$803
31 years$5,378$3,807$2,640$1,800$1,210$711
32 years$5,153$3,603$2,464$1,654$1,094$629
33 years$4,943$3,412$2,300$1,521$990$557
34 years$4,745$3,234$2,149$1,399$897$494
35 years$4,559$3,067$2,009$1,288$812$438
36 years$4,384$2,911$1,880$1,186$736$388
37 years$4,218$2,765$1,759$1,093$667$344
38 years$4,062$2,628$1,648$1,008$605$305
39 years$3,914$2,499$1,544$929$548$271
40 years$3,773$2,377$1,447$857$497$240
41 years$3,640$2,263$1,357$791$451$213
42 years$3,514$2,155$1,273$730$409$189
43 years$3,394$2,053$1,194$673$372$168
44 years$3,279$1,957$1,121$622$337$149
45 years$3,170$1,866$1,052$574$306$132
46 years$3,066$1,780$989$530$278$117
47 years$2,967$1,699$929$490$252$104
48 years$2,872$1,622$873$453$229$92
49 years$2,782$1,549$820$419$208$82
50 years$2,695$1,480$771$387$189$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,760,000, adding $4,494 every year, while hoping to spend $53,155 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: 88/5/7 Blend
72$2,760,000$2,760,000$2,760,000$2,760,000
73$3,046,156$2,899,876$2,857,096$3,312,397
74$3,300,307$2,985,413$2,896,252$3,571,968
75$3,578,600$3,073,360$2,934,938$3,849,425
76$3,883,442$3,163,779$2,973,083$4,152,724
77$4,217,482$3,256,733$3,010,610$4,484,432
78$4,583,638$3,352,287$3,047,439$4,847,377
79$4,985,126$3,450,505$3,083,485$5,244,674
80$5,425,485$3,551,456$3,118,658$5,679,753
81$5,908,615$3,655,208$3,152,863$6,156,393
82$6,438,811$3,761,830$3,186,001$6,678,754
83$7,020,803$3,871,394$3,217,966$7,251,422
84$7,659,804$3,983,971$3,248,647$7,879,446
85$8,361,553$4,099,634$3,277,925$8,568,389
86$9,132,375$4,218,460$3,305,679$9,324,378
87$9,979,236$4,340,523$3,331,778$10,154,165
88$10,909,810$4,465,901$3,356,085$11,065,186
89$11,932,553$4,594,673$3,378,456$12,065,633
90$13,056,779$4,726,917$3,398,740$13,164,534
91$14,292,750$4,862,715$3,416,777$14,371,834
92$15,651,771$5,002,149$3,432,400$15,698,487
93$17,146,299$5,145,302$3,445,433$17,156,566
94$18,790,058$5,292,258$3,455,691$18,759,371
95$20,598,167$5,443,102$3,462,980$20,521,555
96$22,587,286$5,597,920$3,467,096$22,459,265
97$24,775,771$5,756,800$3,467,825$24,590,289
98$27,183,846$5,919,829$3,464,943$26,934,230
99$29,833,794$6,087,096$3,458,215$29,512,684
100$32,750,168$6,258,691$3,447,392$32,349,451