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%11.8%
1 years$346,832$343,743$340,729$337,787$334,914$332,385
2 years$171,699$168,501$165,402$162,397$159,483$156,934
3 years$113,329$110,117$107,026$104,050$101,182$98,691
4 years$84,150$80,948$77,888$74,962$72,164$69,751
5 years$66,647$63,464$60,444$57,578$54,858$52,529
6 years$54,982$51,823$48,848$46,046$43,407$41,166
7 years$46,653$43,521$40,593$37,857$35,302$33,149
8 years$40,409$37,306$34,426$31,757$29,286$27,222
9 years$35,556$32,481$29,651$27,050$24,663$22,687
10 years$31,675$28,631$25,850$23,317$21,014$19,125
11 years$28,502$25,488$22,758$20,293$18,073$16,269
12 years$25,860$22,877$20,197$17,800$15,662$13,941
13 years$23,626$20,674$18,045$15,714$13,657$12,019
14 years$21,712$18,792$16,214$13,950$11,972$10,414
15 years$20,056$17,167$14,639$12,441$10,541$9,061
16 years$18,608$15,750$13,272$11,139$9,316$7,911
17 years$17,331$14,505$12,077$10,008$8,260$6,929
18 years$16,198$13,404$11,025$9,020$7,345$6,084
19 years$15,185$12,422$10,093$8,150$6,547$5,354
20 years$14,274$11,543$9,263$7,381$5,847$4,721
21 years$13,452$10,752$8,520$6,699$5,233$4,170
22 years$12,705$10,037$7,852$6,091$4,690$3,688
23 years$12,024$9,387$7,250$5,547$4,210$3,267
24 years$11,401$8,795$6,705$5,059$3,784$2,896
25 years$10,828$8,254$6,210$4,621$3,405$2,571
26 years$10,301$7,757$5,760$4,225$3,067$2,284
27 years$9,813$7,301$5,348$3,867$2,766$2,030
28 years$9,361$6,879$4,972$3,543$2,495$1,806
29 years$8,941$6,490$4,627$3,249$2,253$1,608
30 years$8,549$6,129$4,310$2,982$2,036$1,432
31 years$8,184$5,794$4,018$2,739$1,841$1,276
32 years$7,842$5,482$3,749$2,517$1,665$1,137
33 years$7,522$5,192$3,500$2,314$1,507$1,014
34 years$7,221$4,921$3,270$2,129$1,364$904
35 years$6,937$4,667$3,058$1,960$1,236$807
36 years$6,671$4,430$2,860$1,805$1,120$720
37 years$6,419$4,207$2,677$1,663$1,015$643
38 years$6,181$3,998$2,507$1,533$920$574
39 years$5,956$3,802$2,349$1,414$834$513
40 years$5,742$3,617$2,202$1,304$757$458
41 years$5,540$3,443$2,064$1,203$687$409
42 years$5,347$3,279$1,937$1,110$623$366
43 years$5,164$3,125$1,817$1,025$565$327
44 years$4,990$2,978$1,706$946$513$292
45 years$4,824$2,840$1,602$874$466$261
46 years$4,666$2,709$1,504$807$423$233
47 years$4,515$2,586$1,413$746$384$208
48 years$4,371$2,468$1,328$689$349$186
49 years$4,233$2,357$1,248$637$317$167
50 years$4,101$2,252$1,174$589$288$149

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 $3,534 every year, while hoping to spend $45,279 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: 40/45/15 Blend
72$4,200,000$4,200,000$4,200,000$4,200,000
73$4,632,045$4,409,445$4,344,345$4,796,519
74$5,056,337$4,577,332$4,441,704$5,081,408
75$5,522,390$4,751,927$4,540,807$5,384,728
76$6,034,414$4,933,512$4,641,665$5,711,887
77$6,597,050$5,122,380$4,744,287$6,065,071
78$7,215,410$5,318,837$4,848,681$6,446,678
79$7,895,124$5,523,202$4,954,854$6,859,343
80$8,642,397$5,735,809$5,062,812$7,305,958
81$9,464,064$5,957,006$5,172,558$7,789,703
82$10,367,655$6,187,156$5,284,096$8,314,067
83$11,361,468$6,426,639$5,397,425$8,882,888
84$12,454,643$6,675,850$5,512,544$9,500,383
85$13,657,253$6,935,203$5,629,451$10,171,185
86$14,980,394$7,205,130$5,748,139$10,900,389
87$16,436,295$7,486,081$5,868,602$11,693,597
88$18,038,426$7,778,528$5,990,829$12,556,968
89$19,801,631$8,082,962$6,114,808$13,497,276
90$21,742,267$8,399,897$6,240,524$14,521,971
91$23,878,356$8,729,869$6,367,958$15,639,246
92$26,229,754$9,073,438$6,497,091$16,858,118
93$28,818,342$9,431,190$6,627,897$18,188,503
94$31,668,232$9,803,737$6,760,350$19,641,314
95$34,805,987$10,191,716$6,894,418$21,228,558
96$38,260,884$10,595,796$7,030,066$22,963,449
97$42,065,177$11,016,673$7,167,257$24,860,528
98$46,254,412$11,455,077$7,305,946$26,935,801
99$50,867,753$11,911,767$7,446,087$29,206,885
100$55,948,361$12,387,540$7,587,628$31,693,172