Can I retire at age 73 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$388,122$384,664$381,291$377,999$374,785$360,913
2 years$192,139$188,561$185,093$181,730$178,469$164,650
3 years$126,821$123,227$119,767$116,436$113,228$99,897
4 years$94,168$90,585$87,160$83,886$80,755$68,013
5 years$74,581$71,019$67,640$64,432$61,389$49,269
6 years$61,527$57,993$54,663$51,527$48,575$37,086
7 years$52,207$48,702$45,425$42,363$39,504$28,643
8 years$45,220$41,747$38,524$35,538$32,773$22,529
9 years$39,788$36,348$33,181$30,270$27,599$17,960
10 years$35,446$32,039$28,928$26,093$23,516$14,463
11 years$31,895$28,522$25,468$22,709$20,225$11,739
12 years$28,938$25,600$22,602$19,919$17,526$9,587
13 years$26,438$23,135$20,193$17,585$15,283$7,867
14 years$24,297$21,029$18,144$15,610$13,397$6,481
15 years$22,443$19,211$16,381$13,922$11,796$5,357
16 years$20,823$17,625$14,852$12,465$10,425$4,439
17 years$19,394$16,232$13,515$11,200$9,244$3,686
18 years$18,126$14,999$12,337$10,093$8,219$3,066
19 years$16,993$13,901$11,294$9,120$7,326$2,554
20 years$15,974$12,918$10,365$8,260$6,544$2,130
21 years$15,053$12,032$9,534$7,497$5,856$1,778
22 years$14,217$11,232$8,787$6,816$5,249$1,485
23 years$13,455$10,505$8,113$6,208$4,712$1,242
24 years$12,758$9,842$7,503$5,662$4,235$1,039
25 years$12,117$9,237$6,950$5,171$3,811$869
26 years$11,527$8,681$6,445$4,728$3,433$728
27 years$10,981$8,170$5,985$4,327$3,095$610
28 years$10,475$7,698$5,564$3,965$2,793$511
29 years$10,005$7,262$5,178$3,636$2,522$428
30 years$9,567$6,859$4,823$3,337$2,278$359
31 years$9,158$6,484$4,496$3,065$2,060$301
32 years$8,776$6,135$4,195$2,816$1,863$252
33 years$8,417$5,810$3,917$2,590$1,686$211
34 years$8,080$5,506$3,660$2,383$1,527$177
35 years$7,763$5,223$3,422$2,194$1,383$149
36 years$7,465$4,957$3,201$2,020$1,253$125
37 years$7,183$4,708$2,996$1,861$1,136$105
38 years$6,917$4,474$2,806$1,716$1,030$88
39 years$6,664$4,255$2,629$1,582$934$74
40 years$6,426$4,048$2,464$1,459$847$62
41 years$6,199$3,853$2,310$1,346$768$52
42 years$5,984$3,670$2,167$1,242$697$43
43 years$5,779$3,497$2,033$1,147$633$36
44 years$5,584$3,333$1,909$1,059$574$31
45 years$5,399$3,178$1,792$978$521$26
46 years$5,222$3,032$1,683$903$473$21
47 years$5,053$2,893$1,581$835$430$18
48 years$4,891$2,762$1,486$771$390$15
49 years$4,737$2,638$1,397$713$355$13
50 years$4,589$2,520$1,313$659$322$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $4,700,000, adding $6,074 every year, while hoping to spend $20,370 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: 30/41/29 Blend
72$4,700,000$4,700,000$4,700,000$4,700,000
73$5,185,665$4,936,565$4,863,715$5,294,898
74$5,692,930$5,156,784$5,004,976$5,601,339
75$6,251,252$5,387,110$5,150,287$5,928,575
76$6,865,820$5,628,018$5,299,761$6,280,205
77$7,542,346$5,880,004$5,453,516$6,658,368
78$8,287,129$6,143,588$5,611,673$7,065,405
79$9,107,108$6,419,314$5,774,355$7,503,882
80$10,009,926$6,707,754$5,941,689$7,976,610
81$11,004,010$7,009,506$6,113,807$8,486,670
82$12,098,642$7,325,195$6,290,843$9,037,442
83$13,304,052$7,655,477$6,472,934$9,632,630
84$14,631,511$8,001,041$6,660,223$10,276,299
85$16,093,440$8,362,607$6,852,855$10,972,910
86$17,703,525$8,740,929$7,050,980$11,727,356
87$19,476,848$9,136,799$7,254,752$12,545,009
88$21,430,029$9,551,044$7,464,328$13,431,768
89$23,581,380$9,984,533$7,679,871$14,394,109
90$25,951,082$10,438,176$7,901,548$15,439,146
91$28,561,372$10,912,927$8,129,530$16,574,690
92$31,436,755$11,409,783$8,363,992$17,809,327
93$34,604,234$11,929,792$8,605,116$19,152,486
94$38,093,565$12,474,051$8,853,086$20,614,534
95$41,937,538$13,043,709$9,108,094$22,206,863
96$46,172,287$13,639,971$9,370,336$23,941,994
97$50,837,630$14,264,100$9,640,011$25,833,695
98$55,977,444$14,917,417$9,917,328$27,897,103
99$61,640,083$15,601,309$10,202,498$30,148,863
100$67,878,828$16,317,230$10,495,738$32,607,280