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

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$396,380$392,849$389,404$386,042$382,759$371,698
2 years$196,227$192,573$189,031$185,597$182,266$171,211
3 years$129,519$125,849$122,316$118,914$115,637$104,933
4 years$96,171$92,512$89,014$85,671$82,473$72,203
5 years$76,168$72,531$69,079$65,803$62,695$52,886
6 years$62,836$59,227$55,826$52,623$49,608$40,270
7 years$53,318$49,738$46,392$43,265$40,345$31,477
8 years$46,182$42,635$39,344$36,294$33,470$25,068
9 years$40,635$37,121$33,887$30,914$28,187$20,241
10 years$36,200$32,721$29,543$26,648$24,016$16,517
11 years$32,574$29,129$26,009$23,192$20,655$13,590
12 years$29,554$26,145$23,083$20,342$17,899$11,254
13 years$27,001$23,627$20,623$17,959$15,608$9,368
14 years$24,814$21,477$18,530$15,942$13,682$7,832
15 years$22,921$19,619$16,730$14,218$12,047$6,570
16 years$21,266$18,000$15,168$12,730$10,647$5,527
17 years$19,807$16,578$13,802$11,438$9,440$4,661
18 years$18,512$15,318$12,600$10,308$8,394$3,938
19 years$17,354$14,197$11,534$9,314$7,482$3,333
20 years$16,314$13,193$10,586$8,436$6,683$2,824
21 years$15,373$12,288$9,737$7,656$5,980$2,396
22 years$14,520$11,471$8,974$6,961$5,361$2,035
23 years$13,742$10,728$8,286$6,340$4,812$1,730
24 years$13,029$10,052$7,663$5,782$4,325$1,472
25 years$12,375$9,433$7,098$5,281$3,892$1,252
26 years$11,772$8,866$6,583$4,828$3,506$1,066
27 years$11,215$8,344$6,113$4,419$3,161$908
28 years$10,698$7,862$5,682$4,049$2,852$774
29 years$10,218$7,417$5,288$3,713$2,575$660
30 years$9,771$7,005$4,926$3,408$2,327$563
31 years$9,353$6,622$4,592$3,130$2,104$480
32 years$8,962$6,265$4,284$2,876$1,903$409
33 years$8,596$5,933$4,000$2,645$1,722$349
34 years$8,252$5,624$3,738$2,434$1,559$298
35 years$7,928$5,334$3,494$2,240$1,412$254
36 years$7,624$5,063$3,269$2,063$1,280$217
37 years$7,336$4,808$3,060$1,901$1,160$185
38 years$7,064$4,570$2,865$1,752$1,051$158
39 years$6,806$4,345$2,684$1,616$953$135
40 years$6,562$4,134$2,516$1,490$865$115
41 years$6,331$3,935$2,359$1,375$785$98
42 years$6,111$3,748$2,213$1,269$712$84
43 years$5,902$3,571$2,077$1,171$646$72
44 years$5,703$3,404$1,949$1,082$586$61
45 years$5,513$3,246$1,830$999$532$52
46 years$5,333$3,096$1,719$923$483$45
47 years$5,160$2,955$1,615$852$439$38
48 years$4,995$2,821$1,518$788$399$33
49 years$4,837$2,694$1,427$728$362$28
50 years$4,686$2,573$1,341$673$329$24

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 $4,701 every year, while hoping to spend $29,204 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: 66/6/28 Blend
72$4,800,000$4,800,000$4,800,000$4,800,000
73$5,294,449$5,040,049$4,965,649$5,604,553
74$5,803,410$5,255,939$5,100,925$6,030,325
75$6,363,306$5,481,428$5,239,755$6,491,994
76$6,979,302$5,716,957$5,382,225$6,996,153
77$7,657,088$5,962,985$5,528,427$7,546,996
78$8,402,935$6,219,994$5,678,453$8,149,141
79$9,223,749$6,488,489$5,832,396$8,807,671
80$10,127,143$6,768,997$5,990,353$9,528,184
81$11,121,505$7,062,071$6,152,423$10,316,843
82$12,216,075$7,368,289$6,318,706$11,180,435
83$13,421,038$7,688,258$6,489,305$12,126,435
84$14,747,612$8,022,611$6,664,326$13,163,073
85$16,208,162$8,372,013$6,843,874$14,299,416
86$17,816,312$8,737,159$7,028,061$15,545,448
87$19,587,073$9,118,777$7,216,998$16,912,164
88$21,536,986$9,517,629$7,410,800$18,411,678
89$23,684,280$9,934,514$7,609,583$20,057,331
90$26,049,039$10,370,268$7,813,467$21,863,818
91$28,653,396$10,825,766$8,022,573$23,847,327
92$31,521,739$11,301,925$8,237,025$26,025,690
93$34,680,943$11,799,705$8,456,952$28,418,550
94$38,160,620$12,320,112$8,682,481$31,047,548
95$41,993,405$12,864,199$8,913,746$33,936,523
96$46,215,257$13,433,069$9,150,881$37,111,736
97$50,865,801$14,027,878$9,394,023$40,602,121
98$55,988,703$14,649,834$9,643,313$44,439,555
99$61,632,080$15,300,206$9,898,894$48,659,155
100$67,848,957$15,980,320$10,160,911$53,299,612