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%12.5%
1 years$396,380$392,849$389,404$386,042$382,759$378,761
2 years$196,227$192,573$189,031$185,597$182,266$178,241
3 years$129,519$125,849$122,316$118,914$115,637$111,708
4 years$96,171$92,512$89,014$85,671$82,473$78,672
5 years$76,168$72,531$69,079$65,803$62,695$59,032
6 years$62,836$59,227$55,826$52,623$49,608$46,088
7 years$53,318$49,738$46,392$43,265$40,345$36,968
8 years$46,182$42,635$39,344$36,294$33,470$30,237
9 years$40,635$37,121$33,887$30,914$28,187$25,097
10 years$36,200$32,721$29,543$26,648$24,016$21,067
11 years$32,574$29,129$26,009$23,192$20,655$17,844
12 years$29,554$26,145$23,083$20,342$17,899$15,224
13 years$27,001$23,627$20,623$17,959$15,608$13,066
14 years$24,814$21,477$18,530$15,942$13,682$11,268
15 years$22,921$19,619$16,730$14,218$12,047$9,758
16 years$21,266$18,000$15,168$12,730$10,647$8,480
17 years$19,807$16,578$13,802$11,438$9,440$7,391
18 years$18,512$15,318$12,600$10,308$8,394$6,457
19 years$17,354$14,197$11,534$9,314$7,482$5,654
20 years$16,314$13,193$10,586$8,436$6,683$4,960
21 years$15,373$12,288$9,737$7,656$5,980$4,358
22 years$14,520$11,471$8,974$6,961$5,361$3,835
23 years$13,742$10,728$8,286$6,340$4,812$3,378
24 years$13,029$10,052$7,663$5,782$4,325$2,979
25 years$12,375$9,433$7,098$5,281$3,892$2,630
26 years$11,772$8,866$6,583$4,828$3,506$2,323
27 years$11,215$8,344$6,113$4,419$3,161$2,054
28 years$10,698$7,862$5,682$4,049$2,852$1,817
29 years$10,218$7,417$5,288$3,713$2,575$1,608
30 years$9,771$7,005$4,926$3,408$2,327$1,424
31 years$9,353$6,622$4,592$3,130$2,104$1,262
32 years$8,962$6,265$4,284$2,876$1,903$1,118
33 years$8,596$5,933$4,000$2,645$1,722$991
34 years$8,252$5,624$3,738$2,434$1,559$879
35 years$7,928$5,334$3,494$2,240$1,412$780
36 years$7,624$5,063$3,269$2,063$1,280$692
37 years$7,336$4,808$3,060$1,901$1,160$614
38 years$7,064$4,570$2,865$1,752$1,051$545
39 years$6,806$4,345$2,684$1,616$953$484
40 years$6,562$4,134$2,516$1,490$865$430
41 years$6,331$3,935$2,359$1,375$785$382
42 years$6,111$3,748$2,213$1,269$712$339
43 years$5,902$3,571$2,077$1,171$646$301
44 years$5,703$3,404$1,949$1,082$586$267
45 years$5,513$3,246$1,830$999$532$237
46 years$5,333$3,096$1,719$923$483$211
47 years$5,160$2,955$1,615$852$439$187
48 years$4,995$2,821$1,518$788$399$167
49 years$4,837$2,694$1,427$728$362$148
50 years$4,686$2,573$1,341$673$329$131

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 $5,798 every year, while hoping to spend $52,919 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: 53/33/14 Blend
72$4,800,000$4,800,000$4,800,000$4,800,000
73$5,295,581$5,041,181$4,966,781$5,556,238
74$5,779,424$5,231,893$5,076,862$5,925,445
75$6,310,847$5,430,177$5,188,858$6,320,805
76$6,894,645$5,636,347$5,302,776$6,749,767
77$7,536,103$5,850,732$5,418,624$7,215,535
78$8,241,043$6,073,676$5,536,406$7,721,626
79$9,015,879$6,305,536$5,656,125$8,271,913
80$9,867,678$6,546,686$5,777,784$8,870,651
81$10,804,223$6,797,516$5,901,382$9,522,523
82$11,834,093$7,058,433$6,026,917$10,232,679
83$12,966,736$7,329,862$6,154,385$11,006,785
84$14,212,564$7,612,246$6,283,778$11,851,074
85$15,583,048$7,906,049$6,415,087$12,772,404
86$17,090,827$8,211,753$6,548,300$13,778,325
87$18,749,826$8,529,863$6,683,402$14,877,141
88$20,575,388$8,860,907$6,820,376$16,077,993
89$22,584,419$9,205,433$6,959,201$17,390,945
90$24,795,548$9,564,017$7,099,852$18,827,070
91$27,229,299$9,937,259$7,242,302$20,398,561
92$29,908,287$10,325,784$7,386,519$22,118,838
93$32,857,432$10,730,248$7,532,467$24,002,679
94$36,104,193$11,151,333$7,680,108$26,066,351
95$39,678,826$11,589,753$7,829,396$28,327,766
96$43,614,669$12,046,254$7,980,284$30,806,649
97$47,948,460$12,521,615$8,132,718$33,524,716
98$52,720,677$13,016,648$8,286,638$36,505,885
99$57,975,927$13,532,205$8,441,982$39,776,493
100$63,763,361$14,069,173$8,598,678$43,365,545