Can I retire at age 73 with 2,840,000?

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 $2,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$234,525$232,436$230,397$228,408$226,466$223,728
2 years$116,101$113,939$111,843$109,812$107,841$105,086
3 years$76,632$74,460$72,370$70,357$68,419$65,732
4 years$56,901$54,736$52,667$50,689$48,797$46,199
5 years$45,066$42,914$40,872$38,934$37,094$34,593
6 years$37,178$35,042$33,030$31,136$29,352$26,950
7 years$31,546$29,429$27,448$25,598$23,871$21,569
8 years$27,324$25,226$23,278$21,474$19,803$17,602
9 years$24,042$21,964$20,050$18,291$16,677$14,575
10 years$21,418$19,360$17,480$15,767$14,210$12,205
11 years$19,273$17,235$15,389$13,722$12,221$10,312
12 years$17,486$15,469$13,657$12,036$10,590$8,776
13 years$15,975$13,980$12,202$10,626$9,235$7,512
14 years$14,682$12,707$10,963$9,433$8,095$6,462
15 years$13,561$11,608$9,899$8,412$7,128$5,580
16 years$12,582$10,650$8,974$7,532$6,300$4,836
17 years$11,719$9,808$8,166$6,768$5,586$4,203
18 years$10,953$9,063$7,455$6,099$4,966$3,662
19 years$10,268$8,400$6,825$5,511$4,427$3,197
20 years$9,652$7,806$6,263$4,991$3,954$2,796
21 years$9,096$7,271$5,761$4,530$3,538$2,450
22 years$8,591$6,787$5,310$4,119$3,172$2,149
23 years$8,131$6,348$4,903$3,751$2,847$1,887
24 years$7,709$5,947$4,534$3,421$2,559$1,659
25 years$7,322$5,581$4,199$3,124$2,303$1,460
26 years$6,965$5,245$3,895$2,857$2,074$1,286
27 years$6,635$4,937$3,617$2,615$1,870$1,133
28 years$6,330$4,652$3,362$2,396$1,687$999
29 years$6,046$4,388$3,129$2,197$1,524$882
30 years$5,781$4,144$2,914$2,016$1,377$778
31 years$5,534$3,918$2,717$1,852$1,245$687
32 years$5,303$3,707$2,535$1,702$1,126$607
33 years$5,086$3,511$2,367$1,565$1,019$536
34 years$4,882$3,327$2,211$1,440$923$474
35 years$4,691$3,156$2,068$1,326$836$419
36 years$4,511$2,995$1,934$1,221$757$371
37 years$4,340$2,845$1,810$1,125$686$328
38 years$4,179$2,704$1,695$1,037$622$290
39 years$4,027$2,571$1,588$956$564$257
40 years$3,883$2,446$1,489$882$512$227
41 years$3,746$2,328$1,396$813$464$201
42 years$3,616$2,217$1,309$751$421$178
43 years$3,492$2,113$1,229$693$382$157
44 years$3,374$2,014$1,153$640$347$139
45 years$3,262$1,920$1,083$591$315$123
46 years$3,155$1,832$1,017$546$286$109
47 years$3,053$1,748$956$504$260$97
48 years$2,955$1,669$898$466$236$86
49 years$2,862$1,594$844$431$214$76
50 years$2,773$1,522$794$398$195$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,840,000, adding $5,859 every year, while hoping to spend $40,162 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: 85/5/10 Blend
72$2,840,000$2,840,000$2,840,000$2,840,000
73$3,135,724$2,985,204$2,941,184$3,397,218
74$3,412,835$3,088,746$2,996,981$3,672,498
75$3,716,866$3,196,017$3,053,302$3,968,856
76$4,050,520$3,307,155$3,110,121$4,293,219
77$4,416,774$3,422,307$3,167,411$4,648,383
78$4,818,909$3,541,624$3,225,143$5,037,424
79$5,260,538$3,665,264$3,283,286$5,463,733
80$5,745,641$3,793,390$3,341,804$5,931,042
81$6,278,604$3,926,173$3,400,661$6,443,465
82$6,864,256$4,063,790$3,459,818$7,005,532
83$7,507,919$4,206,425$3,519,231$7,622,233
84$8,215,457$4,354,269$3,578,855$8,299,064
85$8,993,327$4,507,523$3,638,641$9,042,083
86$9,848,648$4,666,392$3,698,537$9,857,959
87$10,789,258$4,831,094$3,758,486$10,754,044
88$11,823,796$5,001,851$3,818,429$11,738,433
89$12,961,779$5,178,897$3,878,302$12,820,048
90$14,213,692$5,362,475$3,938,037$14,008,716
91$15,591,090$5,552,838$3,997,562$15,315,266
92$17,106,702$5,750,248$4,056,802$16,751,627
93$18,774,554$5,954,978$4,115,673$18,330,944
94$20,610,101$6,167,314$4,174,090$20,067,699
95$22,630,370$6,387,551$4,231,961$21,977,849
96$24,854,125$6,615,998$4,289,188$24,078,975
97$27,302,039$6,852,976$4,345,670$26,390,450
98$29,996,894$7,098,819$4,401,297$28,933,619
99$32,963,791$7,353,875$4,455,954$31,732,000
100$36,230,389$7,618,506$4,509,519$34,811,508