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%11.6%
1 years$272,511$270,084$267,715$265,404$263,147$261,379
2 years$134,906$132,394$129,959$127,598$125,308$123,525
3 years$89,044$86,521$84,092$81,753$79,500$77,758
4 years$66,118$63,602$61,197$58,899$56,700$55,011
5 years$52,365$49,865$47,492$45,240$43,103$41,472
6 years$43,200$40,718$38,380$36,179$34,106$32,536
7 years$36,656$34,195$31,894$29,744$27,737$26,228
8 years$31,750$29,312$27,049$24,952$23,011$21,563
9 years$27,937$25,521$23,297$21,253$19,378$17,992
10 years$24,887$22,496$20,311$18,321$16,511$15,185
11 years$22,394$20,026$17,881$15,944$14,200$12,933
12 years$20,318$17,975$15,869$13,985$12,306$11,097
13 years$18,563$16,244$14,178$12,347$10,731$9,579
14 years$17,060$14,765$12,739$10,960$9,406$8,311
15 years$15,758$13,488$11,502$9,775$8,282$7,240
16 years$14,620$12,375$10,428$8,752$7,320$6,331
17 years$13,617$11,397$9,489$7,864$6,490$5,552
18 years$12,727$10,531$8,662$7,087$5,771$4,882
19 years$11,931$9,760$7,930$6,404$5,144$4,303
20 years$11,216$9,070$7,278$5,800$4,594$3,799
21 years$10,569$8,448$6,694$5,264$4,112$3,361
22 years$9,982$7,886$6,170$4,786$3,685$2,977
23 years$9,447$7,376$5,697$4,359$3,308$2,641
24 years$8,958$6,911$5,268$3,975$2,973$2,345
25 years$8,508$6,485$4,880$3,630$2,676$2,084
26 years$8,093$6,095$4,526$3,319$2,410$1,855
27 years$7,710$5,736$4,202$3,038$2,173$1,651
28 years$7,355$5,405$3,907$2,784$1,961$1,471
29 years$7,025$5,099$3,635$2,553$1,770$1,312
30 years$6,717$4,816$3,386$2,343$1,600$1,170
31 years$6,430$4,552$3,157$2,152$1,446$1,044
32 years$6,162$4,307$2,945$1,977$1,308$932
33 years$5,910$4,079$2,750$1,818$1,184$833
34 years$5,673$3,866$2,570$1,673$1,072$744
35 years$5,451$3,667$2,402$1,540$971$665
36 years$5,241$3,481$2,247$1,418$880$595
37 years$5,043$3,306$2,104$1,307$797$532
38 years$4,856$3,142$1,970$1,205$723$476
39 years$4,679$2,987$1,846$1,111$655$425
40 years$4,512$2,842$1,730$1,025$595$381
41 years$4,353$2,706$1,622$945$539$341
42 years$4,201$2,577$1,522$872$489$305
43 years$4,058$2,455$1,428$805$444$273
44 years$3,921$2,340$1,340$744$403$244
45 years$3,791$2,232$1,258$687$366$219
46 years$3,666$2,129$1,182$634$332$196
47 years$3,548$2,032$1,110$586$302$175
48 years$3,434$1,939$1,043$541$274$157
49 years$3,326$1,852$981$500$249$141
50 years$3,222$1,769$922$463$226$126

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 $6,155 every year, while hoping to spend $42,747 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: 76/13/11 Blend
72$3,300,000$3,300,000$3,300,000$3,300,000
73$3,642,949$3,468,049$3,416,899$3,911,875
74$3,969,047$3,592,501$3,485,883$4,214,341
75$4,326,975$3,721,618$3,555,744$4,539,788
76$4,719,933$3,855,584$3,626,469$4,895,338
77$5,151,449$3,994,591$3,698,038$5,283,967
78$5,625,407$4,138,836$3,770,433$5,708,955
79$6,146,087$4,288,527$3,843,630$6,173,912
80$6,718,203$4,443,880$3,917,607$6,682,812
81$7,346,949$4,605,120$3,992,337$7,240,035
82$8,038,048$4,772,480$4,067,790$7,850,400
83$8,797,802$4,946,205$4,143,934$8,519,218
84$9,633,157$5,126,549$4,220,735$9,252,335
85$10,551,765$5,313,775$4,298,155$10,056,192
86$11,562,055$5,508,161$4,376,154$10,937,882
87$12,673,317$5,709,992$4,454,687$11,905,220
88$13,895,782$5,919,570$4,533,707$12,966,811
89$15,240,728$6,137,204$4,613,162$14,132,135
90$16,720,577$6,363,222$4,692,997$15,411,636
91$18,349,017$6,597,961$4,773,154$16,816,818
92$20,141,131$6,841,776$4,853,569$18,360,352
93$22,113,537$7,095,033$4,934,174$20,056,201
94$24,284,545$7,358,117$5,014,896$21,919,744
95$26,674,333$7,631,428$5,095,659$23,967,925
96$29,305,130$7,915,384$5,176,379$26,219,410
97$32,201,434$8,210,419$5,256,969$28,694,767
98$35,390,238$8,516,987$5,337,334$31,416,653
99$38,901,284$8,835,560$5,417,376$34,410,032
100$42,767,345$9,166,633$5,496,989$37,702,407