Can I retire at age 73 with 4,800,000?

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$396,380$392,849$389,404$386,042$382,759$373,203
2 years$196,227$192,573$189,031$185,597$182,266$172,699
3 years$129,519$125,849$122,316$118,914$115,637$106,358
4 years$96,171$92,512$89,014$85,671$82,473$73,554
5 years$76,168$72,531$69,079$65,803$62,695$54,160
6 years$62,836$59,227$55,826$52,623$49,608$41,466
7 years$53,318$49,738$46,392$43,265$40,345$32,596
8 years$46,182$42,635$39,344$36,294$33,470$26,112
9 years$40,635$37,121$33,887$30,914$28,187$21,212
10 years$36,200$32,721$29,543$26,648$24,016$17,418
11 years$32,574$29,129$26,009$23,192$20,655$14,423
12 years$29,554$26,145$23,083$20,342$17,899$12,023
13 years$27,001$23,627$20,623$17,959$15,608$10,076
14 years$24,814$21,477$18,530$15,942$13,682$8,481
15 years$22,921$19,619$16,730$14,218$12,047$7,165
16 years$21,266$18,000$15,168$12,730$10,647$6,071
17 years$19,807$16,578$13,802$11,438$9,440$5,157
18 years$18,512$15,318$12,600$10,308$8,394$4,389
19 years$17,354$14,197$11,534$9,314$7,482$3,743
20 years$16,314$13,193$10,586$8,436$6,683$3,196
21 years$15,373$12,288$9,737$7,656$5,980$2,733
22 years$14,520$11,471$8,974$6,961$5,361$2,339
23 years$13,742$10,728$8,286$6,340$4,812$2,004
24 years$13,029$10,052$7,663$5,782$4,325$1,718
25 years$12,375$9,433$7,098$5,281$3,892$1,474
26 years$11,772$8,866$6,583$4,828$3,506$1,265
27 years$11,215$8,344$6,113$4,419$3,161$1,087
28 years$10,698$7,862$5,682$4,049$2,852$934
29 years$10,218$7,417$5,288$3,713$2,575$802
30 years$9,771$7,005$4,926$3,408$2,327$690
31 years$9,353$6,622$4,592$3,130$2,104$593
32 years$8,962$6,265$4,284$2,876$1,903$510
33 years$8,596$5,933$4,000$2,645$1,722$439
34 years$8,252$5,624$3,738$2,434$1,559$378
35 years$7,928$5,334$3,494$2,240$1,412$325
36 years$7,624$5,063$3,269$2,063$1,280$280
37 years$7,336$4,808$3,060$1,901$1,160$241
38 years$7,064$4,570$2,865$1,752$1,051$207
39 years$6,806$4,345$2,684$1,616$953$178
40 years$6,562$4,134$2,516$1,490$865$154
41 years$6,331$3,935$2,359$1,375$785$132
42 years$6,111$3,748$2,213$1,269$712$114
43 years$5,902$3,571$2,077$1,171$646$98
44 years$5,703$3,404$1,949$1,082$586$84
45 years$5,513$3,246$1,830$999$532$73
46 years$5,333$3,096$1,719$923$483$63
47 years$5,160$2,955$1,615$852$439$54
48 years$4,995$2,821$1,518$788$399$46
49 years$4,837$2,694$1,427$728$362$40
50 years$4,686$2,573$1,341$673$329$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $4,800,000, adding $2,158 every year, while hoping to spend $58,057 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: 61/13/26 Blend
72$4,800,000$4,800,000$4,800,000$4,800,000
73$5,291,826$5,037,426$4,963,026$5,577,668
74$5,769,820$5,222,488$5,067,515$5,957,246
75$6,294,624$5,414,672$5,173,559$6,364,883
76$6,870,950$5,614,265$5,281,148$6,808,585
77$7,503,992$5,821,569$5,390,271$7,291,881
78$8,199,468$6,036,895$5,500,914$7,818,654
79$8,963,679$6,260,569$5,613,061$8,393,180
80$9,803,569$6,492,930$5,726,692$9,020,167
81$10,726,783$6,734,334$5,841,786$9,704,798
82$11,741,747$6,985,149$5,958,319$10,452,782
83$12,857,744$7,245,760$6,076,261$11,270,402
84$14,085,000$7,516,569$6,195,582$12,164,580
85$15,434,784$7,797,994$6,316,247$13,142,938
86$16,919,508$8,090,471$6,438,218$14,213,870
87$18,552,850$8,394,457$6,561,451$15,386,623
88$20,349,882$8,710,427$6,685,901$16,671,378
89$22,327,207$9,038,875$6,811,515$18,079,352
90$24,503,121$9,380,318$6,938,240$19,622,899
91$26,897,781$9,735,296$7,066,013$21,315,627
92$29,533,401$10,104,372$7,194,771$23,172,528
93$32,434,453$10,488,131$7,324,441$25,210,113
94$35,627,905$10,887,187$7,454,947$27,446,574
95$39,143,471$11,302,179$7,586,207$29,901,950
96$43,013,892$11,733,773$7,718,133$32,598,320
97$47,275,247$12,182,666$7,850,628$35,560,003
98$51,967,289$12,649,583$7,983,590$38,813,797
99$57,133,823$13,135,283$8,116,911$42,389,220
100$62,823,118$13,640,557$8,250,473$46,318,799