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%15.1%
1 years$330,316$327,374$324,503$321,702$318,966$312,270
2 years$163,523$160,477$157,526$154,664$151,888$145,174
3 years$107,932$104,874$101,930$99,095$96,364$89,841
4 years$80,143$77,093$74,179$71,392$68,728$62,446
5 years$63,473$60,442$57,566$54,836$52,246$46,223
6 years$52,364$49,356$46,522$43,853$41,340$35,583
7 years$44,431$41,449$38,660$36,054$33,621$28,130
8 years$38,485$35,529$32,787$30,245$27,892$22,666
9 years$33,863$30,935$28,239$25,762$23,489$18,524
10 years$30,167$27,267$24,619$22,207$20,014$15,305
11 years$27,145$24,274$21,675$19,327$17,212$12,754
12 years$24,628$21,787$19,236$16,952$14,916$10,701
13 years$22,501$19,689$17,186$14,966$13,007$9,028
14 years$20,678$17,897$15,441$13,285$11,402$7,652
15 years$19,101$16,349$13,942$11,848$10,039$6,509
16 years$17,722$15,000$12,640$10,609$8,873$5,555
17 years$16,506$13,815$11,502$9,532$7,867$4,753
18 years$15,426$12,765$10,500$8,590$6,995$4,075
19 years$14,462$11,831$9,612$7,762$6,235$3,501
20 years$13,595$10,994$8,821$7,030$5,569$3,012
21 years$12,811$10,240$8,114$6,380$4,984$2,595
22 years$12,100$9,559$7,478$5,801$4,467$2,239
23 years$11,451$8,940$6,905$5,283$4,010$1,933
24 years$10,858$8,376$6,386$4,818$3,604$1,670
25 years$10,313$7,861$5,915$4,400$3,243$1,445
26 years$9,810$7,388$5,486$4,024$2,921$1,250
27 years$9,346$6,953$5,094$3,683$2,634$1,082
28 years$8,915$6,552$4,735$3,374$2,377$937
29 years$8,515$6,181$4,407$3,094$2,146$812
30 years$8,142$5,837$4,105$2,840$1,939$704
31 years$7,794$5,518$3,827$2,608$1,753$611
32 years$7,469$5,221$3,570$2,397$1,586$530
33 years$7,163$4,945$3,334$2,204$1,435$459
34 years$6,877$4,686$3,115$2,028$1,299$399
35 years$6,607$4,445$2,912$1,867$1,177$346
36 years$6,353$4,219$2,724$1,719$1,066$300
37 years$6,113$4,007$2,550$1,584$966$261
38 years$5,886$3,808$2,388$1,460$876$226
39 years$5,672$3,621$2,237$1,346$795$197
40 years$5,469$3,445$2,097$1,242$721$171
41 years$5,276$3,279$1,966$1,146$654$148
42 years$5,093$3,123$1,844$1,057$593$129
43 years$4,918$2,976$1,731$976$538$112
44 years$4,753$2,837$1,624$901$489$97
45 years$4,595$2,705$1,525$832$444$84
46 years$4,444$2,580$1,433$769$403$73
47 years$4,300$2,462$1,346$710$366$64
48 years$4,163$2,351$1,265$656$332$55
49 years$4,031$2,245$1,189$607$302$48
50 years$3,905$2,144$1,118$561$274$42

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 $3,771 every year, while hoping to spend $59,789 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: 77/7/16 Blend
72$4,000,000$4,000,000$4,000,000$4,000,000
73$4,411,890$4,199,890$4,137,890$4,735,965
74$4,798,288$4,342,069$4,212,894$5,092,577
75$5,222,094$4,489,212$4,288,407$5,475,660
76$5,687,062$4,641,497$4,364,383$5,894,130
77$6,197,324$4,799,113$4,440,772$6,351,499
78$6,757,434$4,962,252$4,517,520$6,851,637
79$7,372,406$5,131,116$4,594,571$7,398,805
80$8,047,766$5,305,915$4,671,864$7,997,696
81$8,789,598$5,486,866$4,749,332$8,653,478
82$9,604,608$5,674,193$4,826,905$9,371,847
83$10,500,181$5,868,131$4,904,509$10,159,074
84$11,484,452$6,068,923$4,982,063$11,022,068
85$12,566,388$6,276,821$5,059,483$11,968,440
86$13,755,861$6,492,087$5,136,678$13,006,574
87$15,063,754$6,714,995$5,213,552$14,145,707
88$16,502,053$6,945,825$5,290,002$15,396,015
89$18,083,965$7,184,874$5,365,920$16,768,708
90$19,824,041$7,432,444$5,441,190$18,276,137
91$21,738,314$7,688,854$5,515,690$19,931,909
92$23,844,447$7,954,433$5,589,291$21,751,016
93$26,161,904$8,229,524$5,661,856$23,749,975
94$28,712,130$8,514,482$5,733,239$25,946,987
95$31,518,752$8,809,676$5,803,287$28,362,103
96$34,607,806$9,115,492$5,871,839$31,017,417
97$38,007,979$9,432,328$5,938,722$33,937,271
98$41,750,880$9,760,599$6,003,757$37,148,488
99$45,871,339$10,100,738$6,066,752$40,680,624
100$50,407,734$10,453,192$6,127,506$44,566,244