Can I retire at age 73 with 2,810,000?

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$232,047$229,980$227,964$225,995$224,073$216,295
2 years$114,875$112,735$110,662$108,652$106,702$98,946
3 years$75,822$73,674$71,606$69,614$67,696$60,206
4 years$56,300$54,158$52,111$50,153$48,281$41,114
5 years$44,590$42,461$40,440$38,522$36,703$29,878
6 years$36,785$34,672$32,681$30,807$29,042$22,564
7 years$31,213$29,118$27,158$25,328$23,619$17,487
8 years$27,036$24,959$23,033$21,247$19,594$13,804
9 years$23,788$21,732$19,838$18,098$16,501$11,045
10 years$21,192$19,155$17,295$15,600$14,060$8,928
11 years$19,069$17,053$15,226$13,577$12,092$7,275
12 years$17,301$15,306$13,513$11,909$10,478$5,965
13 years$15,807$13,832$12,073$10,514$9,137$4,915
14 years$14,527$12,573$10,848$9,333$8,010$4,066
15 years$13,418$11,485$9,794$8,323$7,052$3,375
16 years$12,449$10,538$8,880$7,453$6,233$2,809
17 years$11,595$9,705$8,080$6,696$5,527$2,343
18 years$10,837$8,968$7,376$6,035$4,914$1,957
19 years$10,159$8,311$6,752$5,453$4,380$1,638
20 years$9,550$7,723$6,197$4,938$3,912$1,372
21 years$9,000$7,194$5,700$4,482$3,501$1,151
22 years$8,500$6,715$5,254$4,075$3,138$966
23 years$8,045$6,281$4,851$3,711$2,817$811
24 years$7,628$5,884$4,486$3,385$2,532$682
25 years$7,245$5,522$4,155$3,091$2,278$574
26 years$6,892$5,190$3,854$2,827$2,052$483
27 years$6,565$4,884$3,578$2,587$1,850$406
28 years$6,263$4,603$3,327$2,370$1,670$342
29 years$5,982$4,342$3,096$2,174$1,508$288
30 years$5,720$4,101$2,883$1,995$1,362$242
31 years$5,475$3,876$2,688$1,832$1,232$204
32 years$5,247$3,668$2,508$1,684$1,114$172
33 years$5,032$3,474$2,342$1,548$1,008$145
34 years$4,831$3,292$2,188$1,425$913$122
35 years$4,641$3,123$2,046$1,312$827$103
36 years$4,463$2,964$1,914$1,208$749$87
37 years$4,294$2,815$1,791$1,113$679$73
38 years$4,135$2,675$1,677$1,026$616$62
39 years$3,985$2,544$1,572$946$558$52
40 years$3,842$2,420$1,473$872$506$44
41 years$3,706$2,304$1,381$805$459$37
42 years$3,578$2,194$1,296$743$417$31
43 years$3,455$2,090$1,216$686$378$26
44 years$3,339$1,993$1,141$633$343$22
45 years$3,228$1,900$1,072$585$312$19
46 years$3,122$1,813$1,006$540$283$16
47 years$3,021$1,730$946$499$257$13
48 years$2,924$1,651$889$461$233$11
49 years$2,832$1,577$835$426$212$9
50 years$2,744$1,506$785$394$193$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,810,000, adding $5,576 every year, while hoping to spend $50,175 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: 60/34/6 Blend
72$2,810,000$2,810,000$2,810,000$2,810,000
73$3,102,372$2,953,442$2,909,887$3,284,645
74$3,365,428$3,044,774$2,953,982$3,498,610
75$3,653,634$3,138,901$2,997,873$3,725,599
76$3,969,502$3,235,905$3,041,500$3,971,893
77$4,315,800$3,335,873$3,084,799$4,239,348
78$4,695,575$3,438,894$3,127,702$4,530,006
79$5,112,183$3,545,059$3,170,140$4,846,116
80$5,569,321$3,654,462$3,212,035$5,190,150
81$6,071,062$3,767,201$3,253,308$5,564,831
82$6,621,891$3,883,374$3,293,874$5,973,156
83$7,226,749$4,003,085$3,333,644$6,418,423
84$7,891,079$4,126,438$3,372,524$6,904,262
85$8,620,879$4,253,543$3,410,412$7,434,671
86$9,422,752$4,384,510$3,447,205$8,014,051
87$10,303,976$4,519,455$3,482,790$8,647,247
88$11,272,569$4,658,495$3,517,051$9,339,596
89$12,337,362$4,801,753$3,549,863$10,096,974
90$13,508,087$4,949,352$3,581,097$10,925,850
91$14,795,463$5,101,421$3,610,615$11,833,351
92$16,211,302$5,258,093$3,638,272$12,827,325
93$17,768,618$5,419,503$3,663,917$13,916,416
94$19,481,749$5,585,790$3,687,390$15,110,144
95$21,366,492$5,757,099$3,708,523$16,418,995
96$23,440,253$5,933,576$3,727,138$17,854,520
97$25,722,211$6,115,373$3,743,049$19,429,443
98$28,233,497$6,302,647$3,756,062$21,157,780
99$30,997,394$6,495,557$3,765,970$23,054,969
100$34,039,558$6,694,269$3,772,559$25,138,020