Can I retire at age 73 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$264,253$261,899$259,603$257,361$255,172$247,500
2 years$130,818$128,382$126,021$123,731$121,511$113,845
3 years$86,346$83,899$81,544$79,276$77,091$69,674
4 years$64,114$61,675$59,343$57,114$54,982$47,869
5 years$50,778$48,354$46,053$43,869$41,797$35,007
6 years$41,891$39,484$37,217$35,082$33,072$26,612
7 years$35,545$33,159$30,928$28,843$26,897$20,766
8 years$30,788$28,423$26,229$24,196$22,313$16,509
9 years$27,090$24,748$22,591$20,609$18,791$13,306
10 years$24,133$21,814$19,696$17,766$16,011$10,837
11 years$21,716$19,420$17,340$15,461$13,770$8,899
12 years$19,703$17,430$15,388$13,562$11,933$7,355
13 years$18,000$15,752$13,749$11,973$10,406$6,110
14 years$16,543$14,318$12,353$10,628$9,121$5,097
15 years$15,281$13,080$11,153$9,478$8,031$4,267
16 years$14,177$12,000$10,112$8,487$7,098$3,582
17 years$13,205$11,052$9,202$7,625$6,294$3,014
18 years$12,341$10,212$8,400$6,872$5,596$2,541
19 years$11,569$9,465$7,690$6,210$4,988$2,146
20 years$10,876$8,795$7,057$5,624$4,455$1,814
21 years$10,249$8,192$6,491$5,104$3,987$1,536
22 years$9,680$7,647$5,983$4,641$3,574$1,301
23 years$9,161$7,152$5,524$4,226$3,208$1,103
24 years$8,686$6,701$5,109$3,855$2,883$936
25 years$8,250$6,289$4,732$3,520$2,595$795
26 years$7,848$5,910$4,388$3,219$2,337$675
27 years$7,477$5,562$4,075$2,946$2,107$574
28 years$7,132$5,241$3,788$2,699$1,901$488
29 years$6,812$4,945$3,525$2,475$1,717$415
30 years$6,514$4,670$3,284$2,272$1,551$353
31 years$6,235$4,414$3,061$2,087$1,402$300
32 years$5,975$4,177$2,856$1,918$1,269$255
33 years$5,731$3,956$2,667$1,763$1,148$217
34 years$5,501$3,749$2,492$1,622$1,039$185
35 years$5,286$3,556$2,330$1,494$942$158
36 years$5,082$3,375$2,179$1,376$853$134
37 years$4,890$3,206$2,040$1,267$773$114
38 years$4,709$3,046$1,910$1,168$701$97
39 years$4,538$2,897$1,790$1,077$636$83
40 years$4,375$2,756$1,677$993$577$70
41 years$4,221$2,624$1,573$917$523$60
42 years$4,074$2,499$1,475$846$475$51
43 years$3,935$2,381$1,384$781$431$44
44 years$3,802$2,269$1,300$721$391$37
45 years$3,676$2,164$1,220$666$355$32
46 years$3,555$2,064$1,146$615$322$27
47 years$3,440$1,970$1,077$568$293$23
48 years$3,330$1,881$1,012$525$266$20
49 years$3,225$1,796$951$485$241$17
50 years$3,124$1,715$894$449$219$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $3,200,000, adding $4,315 every year, while hoping to spend $44,716 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: 67/11/22 Blend
72$3,200,000$3,200,000$3,200,000$3,200,000
73$3,530,851$3,361,251$3,311,651$3,747,432
74$3,843,420$3,478,375$3,375,014$4,010,356
75$4,186,373$3,599,739$3,439,001$4,292,246
76$4,562,761$3,725,504$3,503,585$4,599,470
77$4,975,946$3,855,837$3,568,738$4,934,524
78$5,429,631$3,990,912$3,634,430$5,300,153
79$5,927,895$4,130,908$3,700,625$5,699,384
80$6,475,232$4,276,014$3,767,288$6,135,548
81$7,076,592$4,426,426$3,834,378$6,612,313
82$7,737,429$4,582,345$3,901,855$7,133,720
83$8,463,751$4,743,984$3,969,671$7,704,219
84$9,262,176$4,911,562$4,037,777$8,328,711
85$10,139,997$5,085,307$4,106,121$9,012,595
86$11,105,248$5,265,458$4,174,647$9,761,818
87$12,166,779$5,452,262$4,243,295$10,582,929
88$13,334,344$5,645,976$4,311,999$11,483,145
89$14,618,688$5,846,869$4,380,691$12,470,414
90$16,031,647$6,055,219$4,449,297$13,553,493
91$17,586,267$6,271,317$4,517,741$14,742,028
92$19,296,919$6,495,464$4,585,938$16,046,647
93$21,179,439$6,727,976$4,653,800$17,479,058
94$23,251,273$6,969,179$4,721,235$19,052,161
95$25,531,649$7,219,414$4,788,141$20,780,166
96$28,041,748$7,479,036$4,854,415$22,678,732
97$30,804,912$7,748,414$4,919,943$24,765,110
98$33,846,860$8,027,934$4,984,609$27,058,307
99$37,195,932$8,317,995$5,048,286$29,579,265
100$40,883,355$8,619,015$5,110,841$32,351,059