Can I retire at age 73 with 3,400,000?

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$280,769$278,268$275,828$273,446$271,121$266,082
2 years$138,994$136,406$133,897$131,465$129,105$124,048
3 years$91,743$89,143$86,640$84,231$81,910$76,991
4 years$68,121$65,529$63,052$60,683$58,419$53,676
5 years$53,952$51,376$48,931$46,611$44,409$39,857
6 years$44,509$41,952$39,543$37,275$35,139$30,782
7 years$37,767$35,231$32,861$30,646$28,578$24,417
8 years$32,712$30,200$27,869$25,708$23,708$19,743
9 years$28,783$26,294$24,003$21,897$19,965$16,193
10 years$25,642$23,177$20,926$18,876$17,012$13,429
11 years$23,073$20,633$18,423$16,428$14,631$11,233
12 years$20,934$18,519$16,350$14,409$12,679$9,462
13 years$19,126$16,736$14,608$12,721$11,056$8,015
14 years$17,577$15,213$13,125$11,292$9,692$6,820
15 years$16,236$13,897$11,850$10,071$8,533$5,826
16 years$15,063$12,750$10,744$9,017$7,542$4,993
17 years$14,030$11,742$9,777$8,102$6,687$4,290
18 years$13,112$10,851$8,925$7,302$5,946$3,695
19 years$12,293$10,056$8,170$6,598$5,300$3,188
20 years$11,556$9,345$7,498$5,975$4,734$2,756
21 years$10,890$8,704$6,897$5,423$4,236$2,385
22 years$10,285$8,125$6,357$4,931$3,797$2,067
23 years$9,734$7,599$5,869$4,491$3,408$1,793
24 years$9,229$7,120$5,428$4,096$3,064$1,557
25 years$8,766$6,682$5,027$3,740$2,757$1,353
26 years$8,339$6,280$4,663$3,420$2,483$1,176
27 years$7,944$5,910$4,330$3,130$2,239$1,023
28 years$7,578$5,569$4,025$2,868$2,020$891
29 years$7,238$5,254$3,746$2,630$1,824$776
30 years$6,921$4,962$3,489$2,414$1,648$676
31 years$6,625$4,690$3,253$2,217$1,490$589
32 years$6,348$4,438$3,035$2,037$1,348$513
33 years$6,089$4,203$2,834$1,874$1,220$448
34 years$5,845$3,983$2,648$1,724$1,104$390
35 years$5,616$3,778$2,475$1,587$1,000$340
36 years$5,400$3,586$2,316$1,461$906$297
37 years$5,196$3,406$2,167$1,347$821$259
38 years$5,003$3,237$2,030$1,241$745$226
39 years$4,821$3,078$1,901$1,144$675$197
40 years$4,648$2,928$1,782$1,056$613$172
41 years$4,484$2,788$1,671$974$556$150
42 years$4,329$2,655$1,568$899$504$131
43 years$4,181$2,529$1,471$830$458$115
44 years$4,040$2,411$1,381$766$415$100
45 years$3,905$2,299$1,297$707$377$87
46 years$3,777$2,193$1,218$654$342$76
47 years$3,655$2,093$1,144$604$311$67
48 years$3,538$1,998$1,075$558$282$58
49 years$3,426$1,908$1,011$516$256$51
50 years$3,320$1,823$950$477$233$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $3,400,000, adding $3,741 every year, while hoping to spend $21,548 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: 67/8/25 Blend
72$3,400,000$3,400,000$3,400,000$3,400,000
73$3,750,659$3,570,459$3,517,759$3,977,484
74$4,110,299$3,722,484$3,612,677$4,282,463
75$4,505,901$3,881,237$3,710,052$4,613,092
76$4,941,108$4,047,024$3,809,945$4,974,206
77$5,419,939$4,220,165$3,912,416$5,368,813
78$5,946,818$4,400,998$4,017,527$5,800,226
79$6,526,620$4,589,875$4,125,341$6,272,091
80$7,164,720$4,787,162$4,235,924$6,788,421
81$7,867,035$4,993,247$4,349,342$7,353,638
82$8,640,090$5,208,533$4,465,661$7,972,608
83$9,491,070$5,433,443$4,584,952$8,650,692
84$10,427,895$5,668,418$4,707,285$9,393,792
85$11,459,293$5,913,922$4,832,730$10,208,407
86$12,594,876$6,170,440$4,961,363$11,101,699
87$13,845,242$6,438,480$5,093,256$12,081,550
88$15,222,063$6,718,573$5,228,488$13,156,645
89$16,738,206$7,011,275$5,367,134$14,336,551
90$18,407,846$7,317,170$5,509,276$15,631,801
91$20,246,602$7,636,867$5,654,993$17,054,003
92$22,271,688$7,971,006$5,804,367$18,615,939
93$24,502,071$8,320,256$5,957,484$20,331,692
94$26,958,650$8,685,317$6,114,428$22,216,775
95$29,664,458$9,066,923$6,275,287$24,288,276
96$32,644,874$9,465,843$6,440,150$26,565,021
97$35,927,862$9,882,881$6,609,107$29,067,750
98$39,544,242$10,318,880$6,782,250$31,819,312
99$43,527,973$10,774,723$6,959,673$34,844,878
100$47,916,475$11,251,333$7,141,471$38,172,180