Can I retire at age 73 with 4,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$355,090$351,927$348,841$345,829$342,888$331,912
2 years$175,787$172,513$169,340$166,264$163,280$152,323
3 years$116,027$112,739$109,574$106,527$103,592$92,998
4 years$86,153$82,875$79,742$76,747$73,882$63,732
5 years$68,234$64,975$61,883$58,949$56,164$46,486
6 years$56,291$53,057$50,011$47,142$44,441$35,242
7 years$47,764$44,557$41,559$38,758$36,142$27,422
8 years$41,371$38,194$35,245$32,513$29,984$21,735
9 years$36,402$33,255$30,357$27,694$25,250$17,465
10 years$32,429$29,312$26,466$23,872$21,515$14,181
11 years$29,181$26,095$23,300$20,776$18,503$11,607
12 years$26,475$23,422$20,678$18,223$16,035$9,561
13 years$24,188$21,166$18,475$16,089$13,982$7,916
14 years$22,229$19,239$16,600$14,282$12,257$6,581
15 years$20,533$17,576$14,987$12,737$10,792$5,490
16 years$19,051$16,125$13,588$11,404$9,538$4,592
17 years$17,744$14,851$12,365$10,247$8,457$3,850
18 years$16,583$13,723$11,287$9,234$7,520$3,233
19 years$15,546$12,718$10,333$8,344$6,702$2,720
20 years$14,614$11,818$9,483$7,557$5,987$2,291
21 years$13,772$11,008$8,723$6,859$5,357$1,932
22 years$13,007$10,276$8,039$6,236$4,802$1,631
23 years$12,310$9,611$7,423$5,679$4,311$1,377
24 years$11,672$9,005$6,865$5,180$3,875$1,164
25 years$11,086$8,450$6,358$4,731$3,487$984
26 years$10,546$7,942$5,897$4,325$3,141$833
27 years$10,047$7,474$5,476$3,959$2,831$705
28 years$9,584$7,043$5,090$3,627$2,555$597
29 years$9,154$6,644$4,737$3,326$2,307$505
30 years$8,753$6,275$4,412$3,053$2,085$428
31 years$8,379$5,932$4,114$2,804$1,885$363
32 years$8,029$5,613$3,838$2,577$1,705$307
33 years$7,701$5,315$3,584$2,369$1,543$261
34 years$7,393$5,038$3,348$2,180$1,397$221
35 years$7,103$4,778$3,130$2,007$1,265$187
36 years$6,829$4,535$2,928$1,848$1,146$159
37 years$6,572$4,307$2,741$1,703$1,039$135
38 years$6,328$4,094$2,567$1,570$942$114
39 years$6,097$3,893$2,405$1,447$854$97
40 years$5,879$3,704$2,254$1,335$775$82
41 years$5,671$3,525$2,114$1,232$703$70
42 years$5,475$3,357$1,983$1,137$638$59
43 years$5,287$3,199$1,860$1,049$579$50
44 years$5,109$3,049$1,746$969$525$42
45 years$4,939$2,908$1,640$895$477$36
46 years$4,777$2,774$1,540$826$433$31
47 years$4,623$2,647$1,447$764$393$26
48 years$4,475$2,527$1,360$706$357$22
49 years$4,334$2,413$1,278$652$324$19
50 years$4,198$2,305$1,202$603$295$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $4,300,000, adding $4,526 every year, while hoping to spend $53,945 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: 62/19/19 Blend
72$4,300,000$4,300,000$4,300,000$4,300,000
73$4,743,269$4,515,369$4,448,719$5,013,953
74$5,169,685$4,679,225$4,540,354$5,360,848
75$5,637,788$4,849,302$4,633,250$5,732,957
76$6,151,772$5,025,847$4,727,394$6,137,952
77$6,716,259$5,209,120$4,822,768$6,579,041
78$7,336,339$5,399,389$4,919,353$7,059,749
79$8,017,621$5,596,934$5,017,126$7,583,962
80$8,766,282$5,802,048$5,116,064$8,155,953
81$9,589,129$6,015,034$5,216,138$8,780,428
82$10,493,660$6,236,211$5,317,319$9,462,568
83$11,488,136$6,465,907$5,419,571$10,208,076
84$12,581,658$6,704,469$5,522,859$11,023,233
85$13,784,254$6,952,255$5,627,142$11,914,953
86$15,106,972$7,209,640$5,732,375$12,890,851
87$16,561,984$7,477,013$5,838,510$13,959,311
88$18,162,701$7,754,781$5,945,495$15,129,569
89$19,923,901$8,043,369$6,053,273$16,411,793
90$21,861,863$8,343,219$6,161,783$17,817,185
91$23,994,529$8,654,792$6,270,958$19,358,079
92$26,341,663$8,978,569$6,380,727$21,048,063
93$28,925,044$9,315,051$6,491,013$22,902,103
94$31,768,672$9,664,761$6,601,735$24,936,683
95$34,898,988$10,028,246$6,712,804$27,169,961
96$38,345,128$10,406,073$6,824,127$29,621,940
97$42,139,197$10,798,837$6,935,601$32,314,654
98$46,316,571$11,207,156$7,047,120$35,272,375
99$50,916,232$11,631,678$7,158,569$38,521,844
100$55,981,133$12,073,075$7,269,826$42,092,518