Can I retire at age 73 with 4,100,000?

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 $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$338,574$335,558$332,616$329,744$326,940$322,320
2 years$167,611$164,489$161,464$158,531$155,686$151,040
3 years$110,631$107,496$104,478$101,572$98,773$94,247
4 years$82,146$79,021$76,033$73,177$70,446$66,073
5 years$65,060$61,953$59,005$56,207$53,552$49,345
6 years$53,673$50,589$47,685$44,949$42,374$38,339
7 years$45,542$42,485$39,626$36,955$34,461$30,599
8 years$39,447$36,417$33,606$31,001$28,589$24,899
9 years$34,709$31,708$28,945$26,406$24,076$20,556
10 years$30,921$27,949$25,235$22,762$20,514$17,162
11 years$27,823$24,881$22,216$19,810$17,643$14,455
12 years$25,244$22,332$19,716$17,376$15,289$12,262
13 years$23,063$20,182$17,615$15,340$13,332$10,462
14 years$21,195$18,345$15,827$13,617$11,687$8,969
15 years$19,578$16,758$14,290$12,144$10,290$7,720
16 years$18,165$15,375$12,956$10,874$9,094$6,667
17 years$16,918$14,160$11,790$9,770$8,064$5,774
18 years$15,812$13,085$10,762$8,805$7,170$5,012
19 years$14,823$12,127$9,852$7,956$6,391$4,360
20 years$13,935$11,269$9,042$7,206$5,708$3,800
21 years$13,132$10,496$8,317$6,540$5,108$3,316
22 years$12,402$9,798$7,665$5,946$4,579$2,898
23 years$11,738$9,164$7,078$5,415$4,110$2,536
24 years$11,129$8,586$6,546$4,939$3,694$2,221
25 years$10,570$8,057$6,062$4,510$3,324$1,946
26 years$10,055$7,573$5,623$4,124$2,994$1,707
27 years$9,579$7,127$5,221$3,775$2,700$1,498
28 years$9,138$6,716$4,854$3,459$2,436$1,316
29 years$8,728$6,335$4,517$3,172$2,200$1,156
30 years$8,346$5,983$4,207$2,911$1,988$1,016
31 years$7,989$5,656$3,922$2,673$1,797$894
32 years$7,655$5,352$3,660$2,457$1,625$786
33 years$7,342$5,068$3,417$2,259$1,471$692
34 years$7,049$4,803$3,193$2,079$1,332$609
35 years$6,772$4,556$2,985$1,914$1,206$536
36 years$6,512$4,324$2,792$1,762$1,093$472
37 years$6,266$4,107$2,614$1,624$991$416
38 years$6,034$3,903$2,447$1,497$898$366
39 years$5,814$3,712$2,293$1,380$814$323
40 years$5,605$3,531$2,149$1,273$739$284
41 years$5,408$3,361$2,015$1,174$670$250
42 years$5,220$3,201$1,890$1,084$608$221
43 years$5,041$3,050$1,774$1,000$552$195
44 years$4,871$2,907$1,665$924$501$171
45 years$4,709$2,773$1,563$853$455$151
46 years$4,555$2,645$1,468$788$413$133
47 years$4,408$2,524$1,380$728$375$117
48 years$4,267$2,410$1,296$673$341$104
49 years$4,132$2,301$1,219$622$309$91
50 years$4,003$2,198$1,146$575$281$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $4,100,000, adding $6,348 every year, while hoping to spend $21,871 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: 57/27/16 Blend
72$4,100,000$4,100,000$4,100,000$4,100,000
73$4,524,748$4,307,448$4,243,898$4,763,442
74$4,963,002$4,495,242$4,362,798$5,113,865
75$5,445,224$4,691,506$4,484,948$5,492,611
76$5,975,877$4,896,630$4,610,434$5,904,841
77$6,559,877$5,111,025$4,739,344$6,353,774
78$7,202,641$5,335,121$4,871,768$6,842,950
79$7,910,136$5,569,368$5,007,798$7,376,259
80$8,688,940$5,814,237$5,147,529$7,957,983
81$9,546,299$6,070,222$5,291,059$8,592,829
82$10,490,198$6,337,839$5,438,486$9,285,975
83$11,529,435$6,617,630$5,589,912$10,043,119
84$12,673,705$6,910,162$5,745,442$10,870,527
85$13,933,691$7,216,028$5,905,182$11,775,097
86$15,321,165$7,535,850$6,069,243$12,764,416
87$16,849,097$7,870,281$6,237,736$13,846,836
88$18,531,782$8,220,001$6,410,777$15,031,547
89$20,384,969$8,585,726$6,588,483$16,328,664
90$22,426,014$8,968,205$6,770,976$17,749,322
91$24,674,041$9,368,221$6,958,377$19,305,776
92$27,150,125$9,786,596$7,150,815$21,011,516
93$29,877,489$10,224,190$7,348,418$22,881,396
94$32,881,722$10,681,905$7,551,319$24,931,767
95$36,191,024$11,160,684$7,759,655$27,180,632
96$39,836,469$11,661,518$7,973,564$29,647,813
97$43,852,299$12,185,443$8,193,189$32,355,136
98$48,276,248$12,733,544$8,418,675$35,326,635
99$53,149,897$13,306,959$8,650,172$38,588,776
100$58,519,066$13,906,880$8,887,832$42,170,703