Can I retire at age 73 with 3,300,000?

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 $3,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$272,511$270,084$267,715$265,404$263,147$259,536
2 years$134,906$132,394$129,959$127,598$125,308$121,676
3 years$89,044$86,521$84,092$81,753$79,500$75,961
4 years$66,118$63,602$61,197$58,899$56,700$53,281
5 years$52,365$49,865$47,492$45,240$43,103$39,812
6 years$43,200$40,718$38,380$36,179$34,106$30,949
7 years$36,656$34,195$31,894$29,744$27,737$24,715
8 years$31,750$29,312$27,049$24,952$23,011$20,122
9 years$27,937$25,521$23,297$21,253$19,378$16,623
10 years$24,887$22,496$20,311$18,321$16,511$13,886
11 years$22,394$20,026$17,881$15,944$14,200$11,704
12 years$20,318$17,975$15,869$13,985$12,306$9,934
13 years$18,563$16,244$14,178$12,347$10,731$8,482
14 years$17,060$14,765$12,739$10,960$9,406$7,276
15 years$15,758$13,488$11,502$9,775$8,282$6,267
16 years$14,620$12,375$10,428$8,752$7,320$5,416
17 years$13,617$11,397$9,489$7,864$6,490$4,694
18 years$12,727$10,531$8,662$7,087$5,771$4,078
19 years$11,931$9,760$7,930$6,404$5,144$3,550
20 years$11,216$9,070$7,278$5,800$4,594$3,096
21 years$10,569$8,448$6,694$5,264$4,112$2,704
22 years$9,982$7,886$6,170$4,786$3,685$2,365
23 years$9,447$7,376$5,697$4,359$3,308$2,070
24 years$8,958$6,911$5,268$3,975$2,973$1,815
25 years$8,508$6,485$4,880$3,630$2,676$1,592
26 years$8,093$6,095$4,526$3,319$2,410$1,397
27 years$7,710$5,736$4,202$3,038$2,173$1,227
28 years$7,355$5,405$3,907$2,784$1,961$1,079
29 years$7,025$5,099$3,635$2,553$1,770$949
30 years$6,717$4,816$3,386$2,343$1,600$835
31 years$6,430$4,552$3,157$2,152$1,446$735
32 years$6,162$4,307$2,945$1,977$1,308$647
33 years$5,910$4,079$2,750$1,818$1,184$570
34 years$5,673$3,866$2,570$1,673$1,072$502
35 years$5,451$3,667$2,402$1,540$971$442
36 years$5,241$3,481$2,247$1,418$880$390
37 years$5,043$3,306$2,104$1,307$797$343
38 years$4,856$3,142$1,970$1,205$723$303
39 years$4,679$2,987$1,846$1,111$655$267
40 years$4,512$2,842$1,730$1,025$595$235
41 years$4,353$2,706$1,622$945$539$208
42 years$4,201$2,577$1,522$872$489$183
43 years$4,058$2,455$1,428$805$444$162
44 years$3,921$2,340$1,340$744$403$142
45 years$3,791$2,232$1,258$687$366$126
46 years$3,666$2,129$1,182$634$332$111
47 years$3,548$2,032$1,110$586$302$98
48 years$3,434$1,939$1,043$541$274$86
49 years$3,326$1,852$981$500$249$76
50 years$3,222$1,769$922$463$226$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $3,300,000, adding $3,464 every year, while hoping to spend $44,680 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: 40/44/16 Blend
72$3,300,000$3,300,000$3,300,000$3,300,000
73$3,640,173$3,465,273$3,414,123$3,768,337
74$3,963,932$3,587,532$3,480,957$3,981,993
75$4,319,216$3,714,285$3,548,532$4,208,382
76$4,709,195$3,845,703$3,616,827$4,452,340
77$5,137,358$3,981,968$3,685,816$4,715,484
78$5,607,550$4,123,267$3,755,473$4,999,593
79$6,124,007$4,269,793$3,825,768$5,306,616
80$6,691,394$4,421,751$3,896,669$5,638,701
81$7,314,850$4,579,351$3,968,141$5,998,203
82$8,000,038$4,742,813$4,040,148$6,387,714
83$8,753,197$4,912,365$4,112,647$6,810,084
84$9,581,198$5,088,246$4,185,596$7,268,443
85$10,491,612$5,270,703$4,258,946$7,766,236
86$11,492,783$5,459,993$4,332,647$8,307,251
87$12,593,901$5,656,387$4,406,645$8,895,654
88$13,805,092$5,860,163$4,480,880$9,536,029
89$15,137,512$6,071,612$4,555,290$10,233,418
90$16,603,455$6,291,037$4,629,809$10,993,367
91$18,216,464$6,518,755$4,704,365$11,821,982
92$19,991,463$6,755,093$4,778,880$12,725,980
93$21,944,895$7,000,396$4,853,276$13,712,753
94$24,094,878$7,255,018$4,927,464$14,790,440
95$26,461,374$7,519,333$5,001,352$15,967,995
96$29,066,381$7,793,727$5,074,844$17,255,279
97$31,934,135$8,078,603$5,147,835$18,663,143
98$35,091,345$8,374,383$5,220,216$20,203,537
99$38,567,438$8,681,503$5,291,869$21,889,615
100$42,394,840$9,000,421$5,362,670$23,735,862