Can I retire at age 73 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$404,637$401,033$397,517$394,084$390,733$378,225
2 years$200,316$196,585$192,969$189,464$186,063$173,577
3 years$132,217$128,470$124,864$121,391$118,046$105,974
4 years$98,175$94,439$90,869$87,456$84,192$72,625
5 years$77,754$74,042$70,518$67,174$64,001$52,972
6 years$64,145$60,461$56,989$53,720$50,642$40,159
7 years$54,429$50,775$47,358$44,166$41,185$31,248
8 years$47,144$43,523$40,163$37,050$34,167$24,768
9 years$41,482$37,895$34,593$31,558$28,774$19,902
10 years$36,954$33,402$30,159$27,203$24,517$16,159
11 years$33,252$29,736$26,551$23,675$21,085$13,227
12 years$30,170$26,690$23,564$20,766$18,272$10,895
13 years$27,563$24,120$21,053$18,334$15,934$9,021
14 years$25,331$21,924$18,916$16,274$13,967$7,500
15 years$23,398$20,028$17,078$14,514$12,298$6,256
16 years$21,709$18,375$15,484$12,996$10,869$5,233
17 years$20,220$16,923$14,090$11,676$9,637$4,387
18 years$18,897$15,638$12,862$10,523$8,569$3,684
19 years$17,716$14,493$11,775$9,508$7,638$3,099
20 years$16,654$13,467$10,806$8,612$6,822$2,611
21 years$15,694$12,544$9,940$7,816$6,105$2,201
22 years$14,822$11,710$9,161$7,106$5,472$1,858
23 years$14,028$10,952$8,459$6,472$4,912$1,569
24 years$13,301$10,261$7,823$5,903$4,415$1,326
25 years$12,633$9,630$7,245$5,391$3,973$1,122
26 years$12,017$9,050$6,720$4,929$3,579$949
27 years$11,448$8,517$6,240$4,512$3,227$803
28 years$10,921$8,026$5,801$4,134$2,911$680
29 years$10,431$7,571$5,398$3,791$2,629$576
30 years$9,974$7,150$5,028$3,479$2,375$488
31 years$9,548$6,760$4,688$3,195$2,148$413
32 years$9,149$6,396$4,374$2,936$1,943$350
33 years$8,775$6,057$4,084$2,700$1,758$297
34 years$8,424$5,741$3,816$2,484$1,592$252
35 years$8,094$5,445$3,567$2,287$1,442$213
36 years$7,782$5,168$3,337$2,106$1,306$181
37 years$7,489$4,908$3,123$1,941$1,184$153
38 years$7,211$4,665$2,925$1,789$1,073$130
39 years$6,948$4,436$2,740$1,649$973$110
40 years$6,699$4,220$2,569$1,521$883$93
41 years$6,463$4,017$2,408$1,404$801$79
42 years$6,238$3,826$2,259$1,295$727$67
43 years$6,025$3,645$2,120$1,196$660$57
44 years$5,822$3,475$1,990$1,104$599$48
45 years$5,628$3,314$1,869$1,020$544$41
46 years$5,444$3,161$1,755$942$493$35
47 years$5,268$3,017$1,649$870$448$29
48 years$5,099$2,880$1,549$804$407$25
49 years$4,938$2,750$1,456$743$370$21
50 years$4,784$2,627$1,369$687$336$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $4,900,000, adding $3,416 every year, while hoping to spend $54,933 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: 53/22/25 Blend
72$4,900,000$4,900,000$4,900,000$4,900,000
73$5,403,324$5,143,624$5,067,674$5,652,013
74$5,896,014$5,337,213$5,178,992$6,017,750
75$6,437,118$5,538,447$5,292,199$6,409,612
76$7,031,516$5,747,642$5,407,299$6,834,932
77$7,684,583$5,965,129$5,524,296$7,296,927
78$8,402,242$6,191,253$5,643,192$7,799,135
79$9,191,019$6,426,371$5,763,987$8,345,452
80$10,058,100$6,670,861$5,886,678$8,940,160
81$11,011,407$6,925,114$6,011,262$9,587,976
82$12,059,662$7,189,537$6,137,731$10,294,088
83$13,212,481$7,464,557$6,266,078$11,064,207
84$14,480,453$7,750,619$6,396,291$11,904,618
85$15,875,247$8,048,188$6,528,355$12,822,241
86$17,409,721$8,357,747$6,662,253$13,824,691
87$19,098,040$8,679,804$6,797,966$14,920,356
88$20,955,813$9,014,887$6,935,470$16,118,466
89$23,000,235$9,363,546$7,074,739$17,429,186
90$25,250,258$9,726,358$7,215,740$18,863,710
91$27,726,758$10,103,924$7,358,442$20,434,361
92$30,452,742$10,496,871$7,502,804$22,154,712
93$33,453,559$10,905,855$7,648,786$24,039,708
94$36,757,140$11,331,560$7,796,338$26,105,809
95$40,394,263$11,774,701$7,945,410$28,371,142
96$44,398,842$12,236,025$8,095,945$30,855,674
97$48,808,245$12,716,311$8,247,880$33,581,393
98$53,663,649$13,216,374$8,401,148$36,572,521
99$59,010,429$13,737,065$8,555,674$39,855,735
100$64,898,584$14,279,271$8,711,380$43,460,424