Can I retire at age 73 with 4,000,000?

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 $4,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$330,316$327,374$324,503$321,702$318,966$315,766
2 years$163,523$160,477$157,526$154,664$151,888$148,666
3 years$107,932$104,874$101,930$99,095$96,364$93,218
4 years$80,143$77,093$74,179$71,392$68,728$65,683
5 years$63,473$60,442$57,566$54,836$52,246$49,311
6 years$52,364$49,356$46,522$43,853$41,340$38,519
7 years$44,431$41,449$38,660$36,054$33,621$30,915
8 years$38,485$35,529$32,787$30,245$27,892$25,301
9 years$33,863$30,935$28,239$25,762$23,489$21,012
10 years$30,167$27,267$24,619$22,207$20,014$17,649
11 years$27,145$24,274$21,675$19,327$17,212$14,958
12 years$24,628$21,787$19,236$16,952$14,916$12,770
13 years$22,501$19,689$17,186$14,966$13,007$10,966
14 years$20,678$17,897$15,441$13,285$11,402$9,464
15 years$19,101$16,349$13,942$11,848$10,039$8,201
16 years$17,722$15,000$12,640$10,609$8,873$7,132
17 years$16,506$13,815$11,502$9,532$7,867$6,220
18 years$15,426$12,765$10,500$8,590$6,995$5,438
19 years$14,462$11,831$9,612$7,762$6,235$4,765
20 years$13,595$10,994$8,821$7,030$5,569$4,184
21 years$12,811$10,240$8,114$6,380$4,984$3,679
22 years$12,100$9,559$7,478$5,801$4,467$3,239
23 years$11,451$8,940$6,905$5,283$4,010$2,856
24 years$10,858$8,376$6,386$4,818$3,604$2,521
25 years$10,313$7,861$5,915$4,400$3,243$2,227
26 years$9,810$7,388$5,486$4,024$2,921$1,969
27 years$9,346$6,953$5,094$3,683$2,634$1,742
28 years$8,915$6,552$4,735$3,374$2,377$1,542
29 years$8,515$6,181$4,407$3,094$2,146$1,366
30 years$8,142$5,837$4,105$2,840$1,939$1,211
31 years$7,794$5,518$3,827$2,608$1,753$1,073
32 years$7,469$5,221$3,570$2,397$1,586$952
33 years$7,163$4,945$3,334$2,204$1,435$845
34 years$6,877$4,686$3,115$2,028$1,299$750
35 years$6,607$4,445$2,912$1,867$1,177$666
36 years$6,353$4,219$2,724$1,719$1,066$591
37 years$6,113$4,007$2,550$1,584$966$525
38 years$5,886$3,808$2,388$1,460$876$466
39 years$5,672$3,621$2,237$1,346$795$414
40 years$5,469$3,445$2,097$1,242$721$368
41 years$5,276$3,279$1,966$1,146$654$327
42 years$5,093$3,123$1,844$1,057$593$291
43 years$4,918$2,976$1,731$976$538$259
44 years$4,753$2,837$1,624$901$489$230
45 years$4,595$2,705$1,525$832$444$204
46 years$4,444$2,580$1,433$769$403$182
47 years$4,300$2,462$1,346$710$366$162
48 years$4,163$2,351$1,265$656$332$144
49 years$4,031$2,245$1,189$607$302$128
50 years$3,905$2,144$1,118$561$274$114

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $4,000,000, adding $3,497 every year, while hoping to spend $55,495 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: 63/25/12 Blend
72$4,000,000$4,000,000$4,000,000$4,000,000
73$4,411,607$4,199,607$4,137,607$4,677,005
74$4,802,545$4,346,342$4,217,171$5,001,811
75$5,231,498$4,498,406$4,297,540$5,349,613
76$5,702,286$4,656,003$4,378,683$5,728,010
77$6,219,116$4,819,344$4,460,565$6,139,974
78$6,786,620$4,988,647$4,543,149$6,588,776
79$7,409,905$5,164,140$4,626,393$7,078,014
80$8,094,593$5,346,060$4,710,255$7,611,650
81$8,846,878$5,534,654$4,794,686$8,194,042
82$9,673,586$5,730,178$4,879,634$8,829,989
83$10,582,234$5,932,899$4,965,044$9,524,775
84$11,581,106$6,143,095$5,050,856$10,284,216
85$12,679,326$6,361,053$5,137,007$11,114,715
86$13,886,948$6,587,076$5,223,428$12,023,322
87$15,215,049$6,821,475$5,310,045$13,017,800
88$16,675,833$7,064,577$5,396,781$14,106,698
89$18,282,746$7,316,719$5,483,551$15,299,430
90$20,050,602$7,578,254$5,570,266$16,606,362
91$21,995,724$7,849,549$5,656,831$18,038,912
92$24,136,098$8,130,987$5,743,144$19,609,653
93$26,491,539$8,422,965$5,829,099$21,332,435
94$29,083,883$8,725,896$5,914,580$23,222,511
95$31,937,187$9,040,213$5,999,466$25,296,681
96$35,077,960$9,366,364$6,083,629$27,573,453
97$38,535,413$9,704,817$6,166,931$30,073,210
98$42,341,730$10,056,058$6,249,228$32,818,409
99$46,532,376$10,420,594$6,330,367$35,833,785
100$51,146,429$10,798,954$6,410,186$39,146,587