Can I retire at age 73 with 3,800,000?

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 $3,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$313,800$311,005$308,278$305,616$303,017$291,225
2 years$155,347$152,454$149,650$146,931$144,294$132,556
3 years$102,536$99,630$96,833$94,140$91,546$80,231
4 years$76,135$73,239$70,470$67,823$65,291$54,487
5 years$60,299$57,420$54,687$52,094$49,633$39,366
6 years$49,745$46,888$44,196$41,660$39,273$29,550
7 years$42,210$39,376$36,727$34,251$31,940$22,758
8 years$36,561$33,753$31,147$28,732$26,497$17,847
9 years$32,169$29,388$26,827$24,474$22,314$14,184
10 years$28,658$25,904$23,388$21,097$19,013$11,386
11 years$25,787$23,061$20,591$18,360$16,352$9,211
12 years$23,397$20,698$18,274$16,104$14,170$7,497
13 years$21,376$18,705$16,326$14,218$12,357$6,132
14 years$19,645$17,002$14,669$12,621$10,832$5,034
15 years$18,146$15,532$13,244$11,256$9,537$4,146
16 years$16,835$14,250$12,008$10,078$8,429$3,423
17 years$15,681$13,124$10,927$9,055$7,474$2,831
18 years$14,655$12,127$9,975$8,161$6,645$2,346
19 years$13,739$11,239$9,131$7,374$5,923$1,947
20 years$12,915$10,444$8,380$6,678$5,291$1,618
21 years$12,171$9,728$7,708$6,061$4,734$1,345
22 years$11,495$9,081$7,104$5,511$4,244$1,119
23 years$10,879$8,493$6,560$5,019$3,809$932
24 years$10,315$7,958$6,067$4,578$3,424$777
25 years$9,797$7,468$5,619$4,180$3,081$647
26 years$9,320$7,019$5,211$3,822$2,775$540
27 years$8,878$6,605$4,839$3,499$2,502$450
28 years$8,469$6,224$4,499$3,206$2,258$376
29 years$8,089$5,872$4,186$2,940$2,039$314
30 years$7,735$5,545$3,899$2,698$1,842$262
31 years$7,405$5,242$3,635$2,478$1,665$218
32 years$7,095$4,960$3,392$2,277$1,507$182
33 years$6,805$4,697$3,167$2,094$1,363$152
34 years$6,533$4,452$2,959$1,927$1,234$127
35 years$6,277$4,223$2,766$1,774$1,118$106
36 years$6,035$4,008$2,588$1,633$1,013$89
37 years$5,807$3,807$2,422$1,505$918$74
38 years$5,592$3,618$2,268$1,387$832$62
39 years$5,388$3,440$2,125$1,279$755$52
40 years$5,195$3,273$1,992$1,180$685$43
41 years$5,012$3,115$1,868$1,088$621$36
42 years$4,838$2,967$1,752$1,005$564$30
43 years$4,672$2,827$1,644$927$512$25
44 years$4,515$2,695$1,543$856$464$21
45 years$4,365$2,570$1,449$791$421$18
46 years$4,222$2,451$1,361$730$383$15
47 years$4,085$2,339$1,279$675$348$12
48 years$3,954$2,233$1,202$624$316$10
49 years$3,830$2,133$1,129$576$287$9
50 years$3,710$2,037$1,062$533$260$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $3,800,000, adding $5,493 every year, while hoping to spend $22,441 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: 26/46/28 Blend
72$3,800,000$3,800,000$3,800,000$3,800,000
73$4,193,266$3,991,866$3,932,966$4,265,480
74$4,597,102$4,163,590$4,040,843$4,496,995
75$5,041,377$4,342,977$4,151,582$4,742,940
76$5,530,193$4,530,378$4,265,255$5,006,364
77$6,068,067$4,726,161$4,381,936$5,288,761
78$6,659,979$4,930,713$4,501,700$5,591,765
79$7,311,415$5,144,435$4,624,625$5,917,166
80$8,028,419$5,367,752$4,750,790$6,266,922
81$8,817,651$5,601,106$4,880,275$6,643,178
82$9,686,451$5,844,959$5,013,163$7,048,286
83$10,642,904$6,099,797$5,149,539$7,484,819
84$11,695,921$6,366,128$5,289,489$7,955,602
85$12,855,320$6,644,483$5,433,103$8,463,729
86$14,131,920$6,935,420$5,580,469$9,012,596
87$15,537,642$7,239,522$5,731,681$9,605,926
88$17,085,622$7,557,399$5,886,832$10,247,805
89$18,790,335$7,889,691$6,046,021$10,942,718
90$20,667,731$8,237,068$6,209,344$11,695,585
91$22,735,386$8,600,230$6,376,903$12,511,810
92$25,012,667$8,979,914$6,548,802$13,397,328
93$27,520,917$9,376,887$6,725,144$14,358,654
94$30,283,652$9,791,956$6,906,038$15,402,947
95$33,326,788$10,225,965$7,091,594$16,538,070
96$36,678,881$10,679,798$7,281,923$17,772,666
97$40,371,399$11,154,381$7,477,140$19,116,231
98$44,439,020$11,650,683$7,677,362$20,579,201
99$48,919,954$12,169,721$7,882,708$22,173,051
100$53,856,311$12,712,559$8,093,300$23,910,393