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%16.7%
1 years$346,832$343,743$340,729$337,787$334,914$325,761
2 years$171,699$168,501$165,402$162,397$159,483$150,328
3 years$113,329$110,117$107,026$104,050$101,182$92,313
4 years$84,150$80,948$77,888$74,962$72,164$63,647
5 years$66,647$63,464$60,444$57,578$54,858$46,718
6 years$54,982$51,823$48,848$46,046$43,407$35,651
7 years$46,653$43,521$40,593$37,857$35,302$27,930
8 years$40,409$37,306$34,426$31,757$29,286$22,295
9 years$35,556$32,481$29,651$27,050$24,663$18,046
10 years$31,675$28,631$25,850$23,317$21,014$14,763
11 years$28,502$25,488$22,758$20,293$18,073$12,178
12 years$25,860$22,877$20,197$17,800$15,662$10,111
13 years$23,626$20,674$18,045$15,714$13,657$8,440
14 years$21,712$18,792$16,214$13,950$11,972$7,075
15 years$20,056$17,167$14,639$12,441$10,541$5,952
16 years$18,608$15,750$13,272$11,139$9,316$5,021
17 years$17,331$14,505$12,077$10,008$8,260$4,247
18 years$16,198$13,404$11,025$9,020$7,345$3,599
19 years$15,185$12,422$10,093$8,150$6,547$3,055
20 years$14,274$11,543$9,263$7,381$5,847$2,597
21 years$13,452$10,752$8,520$6,699$5,233$2,210
22 years$12,705$10,037$7,852$6,091$4,690$1,883
23 years$12,024$9,387$7,250$5,547$4,210$1,606
24 years$11,401$8,795$6,705$5,059$3,784$1,370
25 years$10,828$8,254$6,210$4,621$3,405$1,170
26 years$10,301$7,757$5,760$4,225$3,067$999
27 years$9,813$7,301$5,348$3,867$2,766$854
28 years$9,361$6,879$4,972$3,543$2,495$730
29 years$8,941$6,490$4,627$3,249$2,253$624
30 years$8,549$6,129$4,310$2,982$2,036$534
31 years$8,184$5,794$4,018$2,739$1,841$457
32 years$7,842$5,482$3,749$2,517$1,665$391
33 years$7,522$5,192$3,500$2,314$1,507$335
34 years$7,221$4,921$3,270$2,129$1,364$287
35 years$6,937$4,667$3,058$1,960$1,236$246
36 years$6,671$4,430$2,860$1,805$1,120$210
37 years$6,419$4,207$2,677$1,663$1,015$180
38 years$6,181$3,998$2,507$1,533$920$154
39 years$5,956$3,802$2,349$1,414$834$132
40 years$5,742$3,617$2,202$1,304$757$113
41 years$5,540$3,443$2,064$1,203$687$97
42 years$5,347$3,279$1,937$1,110$623$83
43 years$5,164$3,125$1,817$1,025$565$71
44 years$4,990$2,978$1,706$946$513$61
45 years$4,824$2,840$1,602$874$466$52
46 years$4,666$2,709$1,504$807$423$45
47 years$4,515$2,586$1,413$746$384$38
48 years$4,371$2,468$1,328$689$349$33
49 years$4,233$2,357$1,248$637$317$28
50 years$4,101$2,252$1,174$589$288$24

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 $2,286 every year, while hoping to spend $44,780 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: 63/10/27 Blend
72$4,200,000$4,200,000$4,200,000$4,200,000
73$4,630,758$4,408,158$4,343,058$4,889,090
74$5,055,450$4,576,512$4,440,905$5,232,811
75$5,521,959$4,751,615$4,540,529$5,602,975
76$6,034,505$4,933,749$4,641,942$6,006,341
77$6,597,733$5,123,212$4,745,156$6,446,168
78$7,216,763$5,320,311$4,850,180$6,926,047
79$7,897,235$5,525,368$4,957,023$7,449,929
80$8,645,363$5,738,721$5,065,693$8,022,166
81$9,467,992$5,960,720$5,176,196$8,647,549
82$10,372,664$6,191,733$5,288,536$9,331,353
83$11,367,689$6,432,142$5,402,715$10,079,390
84$12,462,224$6,682,346$5,518,736$10,898,058
85$13,666,353$6,942,764$5,636,597$11,794,404
86$14,991,194$7,213,832$5,756,295$12,776,189
87$16,448,990$7,496,004$5,877,825$13,851,961
88$18,053,235$7,789,757$6,001,181$15,031,136
89$19,818,797$8,095,586$6,126,352$16,324,086
90$21,762,056$8,414,012$6,253,327$17,742,235
91$23,901,062$8,745,575$6,382,090$19,298,166
92$26,255,704$9,090,842$6,512,624$21,005,742
93$28,847,897$9,450,404$6,644,907$22,880,234
94$31,701,788$9,824,879$6,778,917$24,938,465
95$34,843,985$10,214,913$6,914,626$27,198,968
96$38,303,808$10,621,180$7,052,002$29,682,161
97$42,113,563$11,044,385$7,191,010$32,410,538
98$46,308,850$11,485,263$7,331,613$35,408,880
99$50,928,897$11,944,586$7,473,767$38,704,491
100$56,016,931$12,423,156$7,617,424$42,327,453