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%18.2%
1 years$313,800$311,005$308,278$305,616$303,017$292,966
2 years$155,347$152,454$149,650$146,931$144,294$134,265
3 years$102,536$99,630$96,833$94,140$91,546$81,854
4 years$76,135$73,239$70,470$67,823$65,291$56,011
5 years$60,299$57,420$54,687$52,094$49,633$40,789
6 years$49,745$46,888$44,196$41,660$39,273$30,872
7 years$42,210$39,376$36,727$34,251$31,940$23,981
8 years$36,561$33,753$31,147$28,732$26,497$18,974
9 years$32,169$29,388$26,827$24,474$22,314$15,219
10 years$28,658$25,904$23,388$21,097$19,013$12,333
11 years$25,787$23,061$20,591$18,360$16,352$10,075
12 years$23,397$20,698$18,274$16,104$14,170$8,283
13 years$21,376$18,705$16,326$14,218$12,357$6,844
14 years$19,645$17,002$14,669$12,621$10,832$5,678
15 years$18,146$15,532$13,244$11,256$9,537$4,726
16 years$16,835$14,250$12,008$10,078$8,429$3,945
17 years$15,681$13,124$10,927$9,055$7,474$3,300
18 years$14,655$12,127$9,975$8,161$6,645$2,765
19 years$13,739$11,239$9,131$7,374$5,923$2,321
20 years$12,915$10,444$8,380$6,678$5,291$1,950
21 years$12,171$9,728$7,708$6,061$4,734$1,641
22 years$11,495$9,081$7,104$5,511$4,244$1,382
23 years$10,879$8,493$6,560$5,019$3,809$1,164
24 years$10,315$7,958$6,067$4,578$3,424$982
25 years$9,797$7,468$5,619$4,180$3,081$828
26 years$9,320$7,019$5,211$3,822$2,775$699
27 years$8,878$6,605$4,839$3,499$2,502$590
28 years$8,469$6,224$4,499$3,206$2,258$498
29 years$8,089$5,872$4,186$2,940$2,039$421
30 years$7,735$5,545$3,899$2,698$1,842$356
31 years$7,405$5,242$3,635$2,478$1,665$301
32 years$7,095$4,960$3,392$2,277$1,507$254
33 years$6,805$4,697$3,167$2,094$1,363$215
34 years$6,533$4,452$2,959$1,927$1,234$182
35 years$6,277$4,223$2,766$1,774$1,118$154
36 years$6,035$4,008$2,588$1,633$1,013$130
37 years$5,807$3,807$2,422$1,505$918$110
38 years$5,592$3,618$2,268$1,387$832$93
39 years$5,388$3,440$2,125$1,279$755$79
40 years$5,195$3,273$1,992$1,180$685$66
41 years$5,012$3,115$1,868$1,088$621$56
42 years$4,838$2,967$1,752$1,005$564$48
43 years$4,672$2,827$1,644$927$512$40
44 years$4,515$2,695$1,543$856$464$34
45 years$4,365$2,570$1,449$791$421$29
46 years$4,222$2,451$1,361$730$383$24
47 years$4,085$2,339$1,279$675$348$21
48 years$3,954$2,233$1,202$624$316$17
49 years$3,830$2,133$1,129$576$287$15
50 years$3,710$2,037$1,062$533$260$12

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 $5,684 every year, while hoping to spend $49,849 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: 44/38/18 Blend
72$3,800,000$3,800,000$3,800,000$3,800,000
73$4,193,463$3,992,063$3,933,163$4,355,921
74$4,568,157$4,134,635$4,011,885$4,613,175
75$4,979,400$4,282,523$4,091,574$4,886,470
76$5,430,865$4,435,933$4,172,208$5,181,649
77$5,926,603$4,595,083$4,253,767$5,500,759
78$6,471,072$4,760,198$4,336,223$5,846,046
79$7,069,186$4,931,512$4,419,551$6,219,982
80$7,726,356$5,109,269$4,503,719$6,625,282
81$8,448,545$5,293,725$4,588,695$7,064,932
82$9,242,322$5,485,142$4,674,441$7,542,217
83$10,114,923$5,683,798$4,760,919$8,060,748
84$11,074,320$5,889,979$4,848,085$8,624,498
85$12,129,298$6,103,985$4,935,893$9,237,836
86$13,289,533$6,326,127$5,024,292$9,905,569
87$14,565,688$6,556,731$5,113,229$10,632,988
88$15,969,511$6,796,133$5,202,645$11,425,912
89$17,513,945$7,044,687$5,292,477$12,290,746
90$19,213,250$7,302,760$5,382,658$13,234,540
91$21,083,141$7,570,734$5,473,116$14,265,051
92$23,140,929$7,849,008$5,563,773$15,390,819
93$25,405,693$8,137,998$5,654,548$16,621,244
94$27,898,450$8,438,136$5,745,352$17,966,675
95$30,642,362$8,749,875$5,836,091$19,438,505
96$33,662,948$9,073,685$5,926,666$21,049,276
97$36,988,329$9,410,055$6,016,970$22,812,800
98$40,649,489$9,759,499$6,106,889$24,744,283
99$44,680,571$10,122,548$6,196,303$26,860,471
100$49,119,195$10,499,758$6,285,085$29,179,803