Can I retire at age 73 with 4,200,000?

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$346,832$343,743$340,729$337,787$334,914$324,323
2 years$171,699$168,501$165,402$162,397$159,483$148,909
3 years$113,329$110,117$107,026$104,050$101,182$90,957
4 years$84,150$80,948$77,888$74,962$72,164$62,365
5 years$66,647$63,464$60,444$57,578$54,858$45,512
6 years$54,982$51,823$48,848$46,046$43,407$34,523
7 years$46,653$43,521$40,593$37,857$35,302$26,878
8 years$40,409$37,306$34,426$31,757$29,286$21,317
9 years$35,556$32,481$29,651$27,050$24,663$17,139
10 years$31,675$28,631$25,850$23,317$21,014$13,925
11 years$28,502$25,488$22,758$20,293$18,073$11,405
12 years$25,860$22,877$20,197$17,800$15,662$9,401
13 years$23,626$20,674$18,045$15,714$13,657$7,789
14 years$21,712$18,792$16,214$13,950$11,972$6,480
15 years$20,056$17,167$14,639$12,441$10,541$5,409
16 years$18,608$15,750$13,272$11,139$9,316$4,528
17 years$17,331$14,505$12,077$10,008$8,260$3,798
18 years$16,198$13,404$11,025$9,020$7,345$3,193
19 years$15,185$12,422$10,093$8,150$6,547$2,688
20 years$14,274$11,543$9,263$7,381$5,847$2,266
21 years$13,452$10,752$8,520$6,699$5,233$1,912
22 years$12,705$10,037$7,852$6,091$4,690$1,615
23 years$12,024$9,387$7,250$5,547$4,210$1,365
24 years$11,401$8,795$6,705$5,059$3,784$1,155
25 years$10,828$8,254$6,210$4,621$3,405$977
26 years$10,301$7,757$5,760$4,225$3,067$828
27 years$9,813$7,301$5,348$3,867$2,766$701
28 years$9,361$6,879$4,972$3,543$2,495$594
29 years$8,941$6,490$4,627$3,249$2,253$503
30 years$8,549$6,129$4,310$2,982$2,036$427
31 years$8,184$5,794$4,018$2,739$1,841$362
32 years$7,842$5,482$3,749$2,517$1,665$307
33 years$7,522$5,192$3,500$2,314$1,507$260
34 years$7,221$4,921$3,270$2,129$1,364$221
35 years$6,937$4,667$3,058$1,960$1,236$187
36 years$6,671$4,430$2,860$1,805$1,120$159
37 years$6,419$4,207$2,677$1,663$1,015$135
38 years$6,181$3,998$2,507$1,533$920$114
39 years$5,956$3,802$2,349$1,414$834$97
40 years$5,742$3,617$2,202$1,304$757$82
41 years$5,540$3,443$2,064$1,203$687$70
42 years$5,347$3,279$1,937$1,110$623$59
43 years$5,164$3,125$1,817$1,025$565$50
44 years$4,990$2,978$1,706$946$513$43
45 years$4,824$2,840$1,602$874$466$36
46 years$4,666$2,709$1,504$807$423$31
47 years$4,515$2,586$1,413$746$384$26
48 years$4,371$2,468$1,328$689$349$22
49 years$4,233$2,357$1,248$637$317$19
50 years$4,101$2,252$1,174$589$288$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $4,200,000, adding $2,296 every year, while hoping to spend $45,662 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: 44/37/19 Blend
72$4,200,000$4,200,000$4,200,000$4,200,000
73$4,630,768$4,408,168$4,343,068$4,808,972
74$5,054,523$4,575,585$4,439,977$5,101,985
75$5,519,970$4,749,674$4,538,602$5,414,713
76$6,031,313$4,930,715$4,638,952$5,752,736
77$6,593,186$5,118,998$4,741,036$6,118,414
78$7,210,690$5,314,828$4,844,859$6,514,340
79$7,889,447$5,518,522$4,950,429$6,943,366
80$8,635,650$5,730,408$5,057,747$7,408,622
81$9,456,122$5,950,834$5,166,818$7,913,552
82$10,358,381$6,180,160$5,277,641$8,461,941
83$11,350,709$6,418,761$5,390,215$9,057,951
84$12,442,232$6,667,030$5,504,537$9,706,158
85$13,643,003$6,925,378$5,620,602$10,411,596
86$14,964,099$7,194,232$5,738,403$11,179,801
87$16,417,728$7,474,039$5,857,930$12,016,863
88$18,017,336$7,765,267$5,979,170$12,929,482
89$19,777,741$8,068,402$6,102,110$13,925,028
90$21,715,271$8,383,954$6,226,731$15,011,613
91$23,847,915$8,712,455$6,353,013$16,198,162
92$26,195,496$9,054,459$6,480,932$17,494,498
93$28,779,856$9,410,547$6,610,463$18,911,432
94$31,625,062$9,781,324$6,741,574$20,460,862
95$34,757,633$10,167,423$6,874,231$22,155,886
96$38,206,791$10,569,507$7,008,397$24,010,924
97$42,004,735$10,988,264$7,144,030$26,041,847
98$46,186,947$11,424,417$7,281,084$28,266,131
99$50,792,522$11,878,721$7,419,507$30,703,016
100$55,864,543$12,351,962$7,559,244$33,373,687