Can I retire at age 73 with 2,920,000?

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 $2,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$241,131$238,983$236,887$234,842$232,845$224,941
2 years$119,372$117,149$114,994$112,905$110,879$102,995
3 years$78,791$76,558$74,409$72,339$70,346$62,730
4 years$58,504$56,278$54,150$52,116$50,171$42,882
5 years$46,335$44,123$42,023$40,030$38,139$31,195
6 years$38,225$36,030$33,961$32,013$30,178$23,585
7 years$32,435$30,258$28,222$26,319$24,543$18,299
8 years$28,094$25,936$23,934$22,079$20,361$14,462
9 years$24,720$22,582$20,614$18,806$17,147$11,585
10 years$22,022$19,905$17,972$16,211$14,610$9,377
11 years$19,816$17,720$15,822$14,108$12,565$7,650
12 years$17,979$15,905$14,042$12,375$10,889$6,281
13 years$16,425$14,373$12,546$10,925$9,495$5,183
14 years$15,095$13,065$11,272$9,698$8,323$4,294
15 years$13,944$11,935$10,177$8,649$7,329$3,569
16 years$12,937$10,950$9,227$7,744$6,477$2,974
17 years$12,049$10,085$8,396$6,958$5,743$2,484
18 years$11,261$9,319$7,665$6,271$5,106$2,079
19 years$10,557$8,637$7,017$5,666$4,551$1,742
20 years$9,924$8,025$6,440$5,132$4,065$1,462
21 years$9,352$7,475$5,923$4,657$3,638$1,228
22 years$8,833$6,978$5,459$4,235$3,261$1,032
23 years$8,360$6,526$5,041$3,857$2,927$869
24 years$7,926$6,115$4,662$3,517$2,631$731
25 years$7,528$5,738$4,318$3,212$2,368$616
26 years$7,161$5,393$4,004$2,937$2,133$519
27 years$6,822$5,076$3,718$2,688$1,923$437
28 years$6,508$4,783$3,457$2,463$1,735$369
29 years$6,216$4,512$3,217$2,259$1,567$311
30 years$5,944$4,261$2,996$2,073$1,416$262
31 years$5,690$4,028$2,793$1,904$1,280$221
32 years$5,452$3,811$2,606$1,750$1,158$187
33 years$5,229$3,609$2,434$1,609$1,048$158
34 years$5,020$3,421$2,274$1,480$949$133
35 years$4,823$3,245$2,126$1,363$859$112
36 years$4,638$3,080$1,989$1,255$778$95
37 years$4,463$2,925$1,861$1,156$706$80
38 years$4,297$2,780$1,743$1,066$640$68
39 years$4,140$2,643$1,633$983$580$57
40 years$3,992$2,515$1,531$907$526$48
41 years$3,851$2,394$1,435$836$477$41
42 years$3,718$2,280$1,346$772$433$34
43 years$3,590$2,172$1,263$713$393$29
44 years$3,469$2,071$1,186$658$357$25
45 years$3,354$1,975$1,113$608$324$21
46 years$3,244$1,884$1,046$561$294$17
47 years$3,139$1,798$983$519$267$15
48 years$3,039$1,716$923$479$243$12
49 years$2,943$1,639$868$443$220$11
50 years$2,851$1,565$816$409$200$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $2,920,000, adding $4,257 every year, while hoping to spend $52,653 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: 69/19/12 Blend
72$2,920,000$2,920,000$2,920,000$2,920,000
73$3,222,231$3,067,471$3,022,211$3,435,945
74$3,494,876$3,161,755$3,067,433$3,672,716
75$3,793,567$3,258,894$3,112,405$3,924,920
76$4,120,903$3,358,972$3,157,063$4,199,458
77$4,479,750$3,462,077$3,201,339$4,498,516
78$4,873,263$3,568,297$3,245,163$4,824,503
79$5,304,916$3,677,724$3,288,456$5,180,070
80$5,778,537$3,790,452$3,331,139$5,568,136
81$6,298,342$3,906,578$3,373,126$5,991,915
82$6,868,974$4,026,202$3,414,327$6,454,948
83$7,495,550$4,149,426$3,454,647$6,961,133
84$8,183,703$4,276,354$3,493,985$7,514,763
85$8,939,641$4,407,096$3,532,234$8,120,566
86$9,770,203$4,541,762$3,569,282$8,783,752
87$10,682,921$4,680,467$3,605,011$9,510,055
88$11,686,096$4,823,327$3,639,296$10,305,796
89$12,788,871$4,970,462$3,672,005$11,177,934
90$14,001,318$5,121,998$3,703,000$12,134,137
91$15,334,537$5,278,060$3,732,135$13,182,850
92$16,800,754$5,438,779$3,759,255$14,333,379
93$18,413,441$5,604,290$3,784,201$15,595,974
94$20,187,442$5,774,729$3,806,801$16,981,928
95$22,139,108$5,950,238$3,826,876$18,503,681
96$24,286,460$6,130,963$3,844,240$20,174,942
97$26,649,351$6,317,052$3,858,693$22,010,811
98$29,249,655$6,508,658$3,870,030$24,027,926
99$32,111,475$6,705,938$3,878,031$26,244,620
100$35,261,370$6,909,052$3,882,469$28,681,091