Can I retire at age 73 with 4,400,000?

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$363,348$360,111$356,954$353,872$350,862$338,010
2 years$179,875$176,525$173,278$170,131$167,077$154,272
3 years$118,726$115,361$112,123$109,004$106,001$93,645
4 years$88,157$84,803$81,597$78,531$75,601$63,789
5 years$69,820$66,486$63,322$60,320$57,470$46,233
6 years$57,600$54,291$51,174$48,238$45,474$34,820
7 years$48,875$45,594$42,526$39,659$36,983$26,908
8 years$42,334$39,082$36,065$33,269$30,681$21,178
9 years$37,249$34,028$31,063$28,338$25,838$16,893
10 years$33,183$29,994$27,081$24,428$22,015$13,612
11 years$29,859$26,702$23,842$21,259$18,934$11,056
12 years$27,091$23,966$21,159$18,647$16,407$9,034
13 years$24,751$21,658$18,904$16,463$14,308$7,419
14 years$22,746$19,687$16,986$14,614$12,542$6,117
15 years$21,011$17,984$15,336$13,033$11,043$5,059
16 years$19,494$16,500$13,904$11,670$9,760$4,195
17 years$18,156$15,196$12,652$10,485$8,654$3,486
18 years$16,969$14,042$11,550$9,449$7,694$2,902
19 years$15,908$13,014$10,573$8,538$6,858$2,419
20 years$14,954$12,093$9,704$7,733$6,126$2,019
21 years$14,092$11,264$8,925$7,018$5,482$1,687
22 years$13,310$10,515$8,226$6,381$4,914$1,410
23 years$12,597$9,834$7,595$5,811$4,411$1,180
24 years$11,944$9,214$7,024$5,300$3,965$988
25 years$11,344$8,647$6,506$4,841$3,568$827
26 years$10,791$8,127$6,034$4,426$3,214$693
27 years$10,280$7,648$5,603$4,051$2,897$581
28 years$9,807$7,207$5,209$3,712$2,614$487
29 years$9,367$6,799$4,847$3,404$2,361$409
30 years$8,956$6,421$4,515$3,124$2,133$343
31 years$8,574$6,070$4,209$2,869$1,928$287
32 years$8,216$5,743$3,927$2,637$1,744$241
33 years$7,880$5,439$3,667$2,425$1,579$202
34 years$7,564$5,155$3,426$2,231$1,429$170
35 years$7,268$4,889$3,203$2,054$1,295$143
36 years$6,988$4,641$2,997$1,891$1,173$120
37 years$6,724$4,408$2,805$1,743$1,063$100
38 years$6,475$4,189$2,627$1,606$964$84
39 years$6,239$3,983$2,461$1,481$874$71
40 years$6,015$3,790$2,306$1,366$793$59
41 years$5,803$3,607$2,163$1,260$719$50
42 years$5,602$3,436$2,029$1,163$653$42
43 years$5,410$3,273$1,904$1,074$592$35
44 years$5,228$3,120$1,787$991$538$30
45 years$5,054$2,975$1,678$916$488$25
46 years$4,888$2,838$1,576$846$443$21
47 years$4,730$2,709$1,481$781$402$17
48 years$4,579$2,586$1,391$722$365$15
49 years$4,434$2,469$1,308$667$332$12
50 years$4,296$2,359$1,229$617$301$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $4,400,000, adding $2,426 every year, while hoping to spend $37,319 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: 67/12/21 Blend
72$4,400,000$4,400,000$4,400,000$4,400,000
73$4,851,302$4,618,102$4,549,902$5,150,522
74$5,306,428$4,804,682$4,662,617$5,537,939
75$5,806,726$4,999,154$4,777,857$5,956,922
76$6,356,764$5,201,864$4,895,667$6,414,228
77$6,961,575$5,413,177$5,016,093$6,913,629
78$7,626,704$5,633,471$5,139,180$7,459,276
79$8,358,260$5,863,143$5,264,975$8,055,742
80$9,162,974$6,102,609$5,393,524$8,708,057
81$10,048,263$6,352,302$5,524,872$9,421,762
82$11,022,297$6,612,676$5,659,066$10,202,957
83$12,094,080$6,884,206$5,796,153$11,058,360
84$13,273,530$7,167,386$5,936,179$11,995,367
85$14,571,580$7,462,737$6,079,190$13,022,125
86$16,000,271$7,770,801$6,225,233$14,147,603
87$17,572,873$8,092,146$6,374,353$15,381,681
88$19,304,010$8,427,364$6,526,598$16,735,240
89$21,209,791$8,777,077$6,682,011$18,220,263
90$23,307,970$9,141,935$6,840,639$19,849,951
91$25,618,110$9,522,616$7,002,527$21,638,842
92$28,161,764$9,919,831$7,167,718$23,602,949
93$30,962,685$10,334,324$7,336,258$25,759,915
94$34,047,046$10,766,873$7,508,189$28,129,169
95$37,443,685$11,218,290$7,683,555$30,732,117
96$41,184,383$11,689,428$7,862,396$33,592,341
97$45,304,157$12,181,177$8,044,753$36,735,815
98$49,841,596$12,694,470$8,230,667$40,191,158
99$54,839,220$13,230,280$8,420,176$43,989,896
100$60,343,886$13,789,630$8,613,318$48,166,761