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%12.2%
1 years$330,316$327,374$324,503$321,702$318,966$316,029
2 years$163,523$160,477$157,526$154,664$151,888$148,930
3 years$107,932$104,874$101,930$99,095$96,364$93,475
4 years$80,143$77,093$74,179$71,392$68,728$65,931
5 years$63,473$60,442$57,566$54,836$52,246$49,549
6 years$52,364$49,356$46,522$43,853$41,340$38,747
7 years$44,431$41,449$38,660$36,054$33,621$31,132
8 years$38,485$35,529$32,787$30,245$27,892$25,507
9 years$33,863$30,935$28,239$25,762$23,489$21,208
10 years$30,167$27,267$24,619$22,207$20,014$17,835
11 years$27,145$24,274$21,675$19,327$17,212$15,135
12 years$24,628$21,787$19,236$16,952$14,916$12,937
13 years$22,501$19,689$17,186$14,966$13,007$11,124
14 years$20,678$17,897$15,441$13,285$11,402$9,613
15 years$19,101$16,349$13,942$11,848$10,039$8,342
16 years$17,722$15,000$12,640$10,609$8,873$7,264
17 years$16,506$13,815$11,502$9,532$7,867$6,344
18 years$15,426$12,765$10,500$8,590$6,995$5,555
19 years$14,462$11,831$9,612$7,762$6,235$4,874
20 years$13,595$10,994$8,821$7,030$5,569$4,286
21 years$12,811$10,240$8,114$6,380$4,984$3,774
22 years$12,100$9,559$7,478$5,801$4,467$3,328
23 years$11,451$8,940$6,905$5,283$4,010$2,939
24 years$10,858$8,376$6,386$4,818$3,604$2,598
25 years$10,313$7,861$5,915$4,400$3,243$2,298
26 years$9,810$7,388$5,486$4,024$2,921$2,035
27 years$9,346$6,953$5,094$3,683$2,634$1,804
28 years$8,915$6,552$4,735$3,374$2,377$1,599
29 years$8,515$6,181$4,407$3,094$2,146$1,419
30 years$8,142$5,837$4,105$2,840$1,939$1,260
31 years$7,794$5,518$3,827$2,608$1,753$1,119
32 years$7,469$5,221$3,570$2,397$1,586$994
33 years$7,163$4,945$3,334$2,204$1,435$883
34 years$6,877$4,686$3,115$2,028$1,299$785
35 years$6,607$4,445$2,912$1,867$1,177$698
36 years$6,353$4,219$2,724$1,719$1,066$621
37 years$6,113$4,007$2,550$1,584$966$553
38 years$5,886$3,808$2,388$1,460$876$492
39 years$5,672$3,621$2,237$1,346$795$438
40 years$5,469$3,445$2,097$1,242$721$390
41 years$5,276$3,279$1,966$1,146$654$347
42 years$5,093$3,123$1,844$1,057$593$309
43 years$4,918$2,976$1,731$976$538$275
44 years$4,753$2,837$1,624$901$489$245
45 years$4,595$2,705$1,525$832$444$218
46 years$4,444$2,580$1,433$769$403$194
47 years$4,300$2,462$1,346$710$366$173
48 years$4,163$2,351$1,265$656$332$154
49 years$4,031$2,245$1,189$607$302$137
50 years$3,905$2,144$1,118$561$274$122

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 $2,310 every year, while hoping to spend $22,826 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: 67/14/19 Blend
72$4,000,000$4,000,000$4,000,000$4,000,000
73$4,410,383$4,198,383$4,136,383$4,684,983
74$4,835,955$4,379,817$4,250,665$5,050,462
75$5,304,171$4,569,376$4,368,010$5,447,108
76$5,819,355$4,767,435$4,488,498$5,880,300
77$6,386,275$4,974,384$4,612,208$6,353,631
78$7,010,180$5,190,635$4,739,222$6,871,053
79$7,696,858$5,416,615$4,869,626$7,436,920
80$8,452,684$5,652,775$5,003,504$8,056,020
81$9,284,682$5,899,586$5,140,946$8,733,629
82$10,200,594$6,157,540$5,282,042$9,475,550
83$11,208,948$6,427,153$5,426,884$10,288,175
84$12,319,143$6,708,966$5,575,567$11,178,542
85$13,541,535$7,003,544$5,728,188$12,154,399
86$14,887,534$7,311,481$5,884,845$13,224,278
87$16,369,716$7,633,396$6,045,640$14,397,573
88$18,001,935$7,969,941$6,210,677$15,684,632
89$19,799,459$8,321,795$6,380,062$17,096,847
90$21,779,113$8,689,672$6,553,903$18,646,766
91$23,959,435$9,074,318$6,732,311$20,348,210
92$26,360,854$9,476,516$6,915,400$22,216,398
93$29,005,880$9,897,084$7,103,285$24,268,095
94$31,919,320$10,336,881$7,296,085$26,521,764
95$35,128,508$10,796,806$7,493,921$28,997,745
96$38,663,566$11,277,800$7,696,918$31,718,439
97$42,557,686$11,780,849$7,905,201$34,708,525
98$46,847,446$12,306,986$8,118,901$37,995,185
99$51,573,150$12,857,293$8,338,149$41,608,364
100$56,779,215$13,432,904$8,563,081$45,581,048