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

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$388,122$384,664$381,291$377,999$374,785$368,424
2 years$192,139$188,561$185,093$181,730$178,469$172,080
3 years$126,821$123,227$119,767$116,436$113,228$107,010
4 years$94,168$90,585$87,160$83,886$80,755$74,756
5 years$74,581$71,019$67,640$64,432$61,389$55,626
6 years$61,527$57,993$54,663$51,527$48,575$43,055
7 years$52,207$48,702$45,425$42,363$39,504$34,229
8 years$45,220$41,747$38,524$35,538$32,773$27,740
9 years$39,788$36,348$33,181$30,270$27,599$22,807
10 years$35,446$32,039$28,928$26,093$23,516$18,960
11 years$31,895$28,522$25,468$22,709$20,225$15,900
12 years$28,938$25,600$22,602$19,919$17,526$13,427
13 years$26,438$23,135$20,193$17,585$15,283$11,404
14 years$24,297$21,029$18,144$15,610$13,397$9,730
15 years$22,443$19,211$16,381$13,922$11,796$8,335
16 years$20,823$17,625$14,852$12,465$10,425$7,163
17 years$19,394$16,232$13,515$11,200$9,244$6,173
18 years$18,126$14,999$12,337$10,093$8,219$5,332
19 years$16,993$13,901$11,294$9,120$7,326$4,614
20 years$15,974$12,918$10,365$8,260$6,544$4,000
21 years$15,053$12,032$9,534$7,497$5,856$3,473
22 years$14,217$11,232$8,787$6,816$5,249$3,019
23 years$13,455$10,505$8,113$6,208$4,712$2,627
24 years$12,758$9,842$7,503$5,662$4,235$2,288
25 years$12,117$9,237$6,950$5,171$3,811$1,994
26 years$11,527$8,681$6,445$4,728$3,433$1,740
27 years$10,981$8,170$5,985$4,327$3,095$1,518
28 years$10,475$7,698$5,564$3,965$2,793$1,326
29 years$10,005$7,262$5,178$3,636$2,522$1,158
30 years$9,567$6,859$4,823$3,337$2,278$1,012
31 years$9,158$6,484$4,496$3,065$2,060$885
32 years$8,776$6,135$4,195$2,816$1,863$774
33 years$8,417$5,810$3,917$2,590$1,686$677
34 years$8,080$5,506$3,660$2,383$1,527$593
35 years$7,763$5,223$3,422$2,194$1,383$519
36 years$7,465$4,957$3,201$2,020$1,253$454
37 years$7,183$4,708$2,996$1,861$1,136$397
38 years$6,917$4,474$2,806$1,716$1,030$348
39 years$6,664$4,255$2,629$1,582$934$305
40 years$6,426$4,048$2,464$1,459$847$267
41 years$6,199$3,853$2,310$1,346$768$234
42 years$5,984$3,670$2,167$1,242$697$205
43 years$5,779$3,497$2,033$1,147$633$179
44 years$5,584$3,333$1,909$1,059$574$157
45 years$5,399$3,178$1,792$978$521$138
46 years$5,222$3,032$1,683$903$473$121
47 years$5,053$2,893$1,581$835$430$106
48 years$4,891$2,762$1,486$771$390$93
49 years$4,737$2,638$1,397$713$355$81
50 years$4,589$2,520$1,313$659$322$71

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 $2,771 every year, while hoping to spend $49,206 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: 61/17/22 Blend
72$4,700,000$4,700,000$4,700,000$4,700,000
73$5,182,258$4,933,158$4,860,308$5,468,213
74$5,658,494$5,122,528$4,970,774$5,851,538
75$6,181,656$5,319,528$5,083,291$6,264,060
76$6,756,480$5,524,480$5,197,876$6,713,203
77$7,388,181$5,737,720$5,314,545$7,202,536
78$8,082,506$5,959,598$5,433,312$7,735,988
79$8,845,785$6,190,482$5,554,192$8,317,882
80$9,684,992$6,430,753$5,677,194$8,952,979
81$10,607,812$6,680,810$5,802,331$9,646,517
82$11,622,711$6,941,072$5,929,611$10,404,264
83$12,739,016$7,211,973$6,059,042$11,232,570
84$13,967,003$7,493,968$6,190,628$12,138,424
85$15,317,997$7,787,531$6,324,373$13,129,525
86$16,804,472$8,093,160$6,460,279$14,214,348
87$18,440,175$8,411,372$6,598,345$15,402,226
88$20,240,252$8,742,707$6,738,568$16,703,435
89$22,221,391$9,087,733$6,880,943$18,129,295
90$24,401,979$9,447,039$7,025,462$19,692,269
91$26,802,279$9,821,242$7,172,113$21,406,085
92$29,444,615$10,210,986$7,320,882$23,285,863
93$32,353,588$10,616,946$7,471,753$25,348,255
94$35,556,303$11,039,825$7,624,706$27,611,605
95$39,082,628$11,480,359$7,779,716$30,096,115
96$42,965,475$11,939,316$7,936,756$32,824,041
97$47,241,110$12,417,499$8,095,793$35,819,897
98$51,949,494$12,915,747$8,256,793$39,110,688
99$57,134,661$13,434,938$8,419,715$42,726,163
100$62,845,135$13,975,988$8,584,513$46,699,092