Can I retire at age 73 with 3,900,000?

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 $3,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$322,058$319,190$316,391$313,659$310,991$307,360
2 years$159,435$156,466$153,588$150,798$148,091$144,436
3 years$105,234$102,252$99,381$96,617$93,955$90,390
4 years$78,139$75,166$72,324$69,607$67,010$63,562
5 years$61,886$58,931$56,127$53,465$50,940$47,619
6 years$51,055$48,122$45,359$42,757$40,307$37,117
7 years$43,321$40,412$37,693$35,153$32,780$29,723
8 years$37,523$34,641$31,967$29,489$27,194$24,270
9 years$33,016$30,161$27,533$25,118$22,902$20,108
10 years$29,412$26,586$24,004$21,652$19,513$16,849
11 years$26,466$23,668$21,133$18,843$16,782$14,245
12 years$24,013$21,243$18,755$16,528$14,543$12,130
13 years$21,938$19,197$16,756$14,592$12,682$10,390
14 years$20,161$17,450$15,055$12,953$11,117$8,943
15 years$18,623$15,941$13,593$11,552$9,788$7,729
16 years$17,278$14,625$12,324$10,343$8,651$6,702
17 years$16,093$13,469$11,214$9,294$7,670$5,829
18 years$15,041$12,446$10,237$8,375$6,820$5,082
19 years$14,100$11,535$9,372$7,568$6,079$4,440
20 years$13,255$10,719$8,601$6,854$5,430$3,887
21 years$12,491$9,984$7,911$6,221$4,859$3,408
22 years$11,797$9,320$7,291$5,656$4,355$2,991
23 years$11,165$8,717$6,732$5,151$3,910$2,629
24 years$10,586$8,167$6,226$4,698$3,514$2,313
25 years$10,055$7,664$5,767$4,290$3,162$2,037
26 years$9,565$7,203$5,348$3,923$2,848$1,796
27 years$9,112$6,779$4,966$3,591$2,568$1,584
28 years$8,692$6,388$4,617$3,290$2,317$1,398
29 years$8,302$6,026$4,296$3,017$2,092$1,234
30 years$7,939$5,691$4,002$2,769$1,891$1,090
31 years$7,599$5,380$3,731$2,543$1,709$963
32 years$7,282$5,091$3,481$2,337$1,546$852
33 years$6,984$4,821$3,250$2,149$1,399$753
34 years$6,705$4,569$3,037$1,977$1,267$666
35 years$6,442$4,334$2,839$1,820$1,147$590
36 years$6,194$4,113$2,656$1,676$1,040$522
37 years$5,960$3,907$2,486$1,545$942$462
38 years$5,739$3,713$2,328$1,424$854$409
39 years$5,530$3,531$2,181$1,313$775$362
40 years$5,332$3,359$2,044$1,211$703$321
41 years$5,144$3,197$1,917$1,117$637$284
42 years$4,965$3,045$1,798$1,031$578$252
43 years$4,795$2,901$1,687$952$525$223
44 years$4,634$2,766$1,584$879$477$197
45 years$4,480$2,637$1,487$812$433$175
46 years$4,333$2,516$1,397$750$393$155
47 years$4,193$2,401$1,312$693$357$137
48 years$4,059$2,292$1,233$640$324$122
49 years$3,930$2,189$1,159$591$294$108
50 years$3,808$2,091$1,090$547$267$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $3,900,000, adding $6,850 every year, while hoping to spend $51,078 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: 58/15/27 Blend
72$3,900,000$3,900,000$3,900,000$3,900,000
73$4,304,866$4,098,166$4,037,716$4,522,515
74$4,689,615$4,244,629$4,118,633$4,818,697
75$5,111,898$4,396,558$4,200,548$5,135,496
76$5,575,487$4,554,165$4,283,442$5,479,868
77$6,084,541$4,717,673$4,367,292$5,854,498
78$6,643,639$4,887,314$4,452,071$6,262,344
79$7,257,828$5,063,330$4,537,753$6,706,660
80$7,932,664$5,245,971$4,624,306$7,191,031
81$8,674,272$5,435,500$4,711,697$7,719,401
82$9,489,397$5,632,189$4,799,888$8,296,115
83$10,385,471$5,836,321$4,888,839$8,925,957
84$11,370,681$6,048,193$4,978,507$9,614,195
85$12,454,048$6,268,112$5,068,845$10,366,628
86$13,645,511$6,496,399$5,159,801$11,189,647
87$14,956,019$6,733,389$5,251,320$12,090,288
88$16,397,637$6,979,429$5,343,343$13,076,299
89$17,983,657$7,234,882$5,435,807$14,156,216
90$19,728,726$7,500,126$5,528,641$15,339,441
91$21,648,979$7,775,556$5,621,774$16,636,330
92$23,762,198$8,061,581$5,715,127$18,058,290
93$26,087,973$8,358,630$5,808,615$19,617,886
94$28,647,892$8,667,148$5,902,148$21,328,962
95$31,465,739$8,987,600$5,995,632$23,206,767
96$34,567,722$9,320,471$6,088,964$25,268,100
97$37,982,722$9,666,266$6,182,036$27,531,469
98$41,742,557$10,025,511$6,274,732$30,017,263
99$45,882,292$10,398,755$6,366,930$32,747,946
100$50,440,563$10,786,571$6,458,499$35,748,266