Can I retire at age 73 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$305,543$302,821$300,166$297,574$295,043$286,864
2 years$151,259$148,442$145,711$143,064$140,497$132,317
3 years$99,837$97,008$94,285$91,663$89,137$81,213
4 years$74,132$71,311$68,615$66,038$63,573$55,966
5 years$58,713$55,909$53,248$50,723$48,327$41,058
6 years$48,436$45,654$43,033$40,564$38,240$31,315
7 years$41,099$38,340$35,760$33,350$31,099$24,519
8 years$35,599$32,864$30,328$27,976$25,800$19,561
9 years$31,323$28,614$26,121$23,830$21,727$15,824
10 years$27,904$25,222$22,773$20,541$18,513$12,937
11 years$25,109$22,454$20,049$17,877$15,921$10,664
12 years$22,781$20,153$17,793$15,681$13,797$8,849
13 years$20,813$18,213$15,897$13,844$12,031$7,381
14 years$19,128$16,555$14,283$12,289$10,547$6,183
15 years$17,668$15,123$12,896$10,960$9,286$5,198
16 years$16,392$13,875$11,692$9,813$8,207$4,382
17 years$15,268$12,779$10,639$8,817$7,277$3,703
18 years$14,269$11,808$9,712$7,946$6,470$3,136
19 years$13,377$10,944$8,891$7,180$5,767$2,660
20 years$12,575$10,169$8,160$6,503$5,151$2,260
21 years$11,850$9,472$7,506$5,902$4,610$1,922
22 years$11,192$8,842$6,917$5,366$4,132$1,636
23 years$10,593$8,270$6,387$4,887$3,709$1,394
24 years$10,044$7,748$5,907$4,457$3,334$1,188
25 years$9,539$7,271$5,471$4,070$3,000$1,014
26 years$9,074$6,834$5,074$3,722$2,702$865
27 years$8,645$6,431$4,712$3,407$2,436$739
28 years$8,246$6,060$4,380$3,121$2,198$631
29 years$7,876$5,717$4,076$2,862$1,985$539
30 years$7,532$5,399$3,797$2,627$1,794$461
31 years$7,210$5,104$3,540$2,413$1,622$394
32 years$6,909$4,830$3,303$2,217$1,467$337
33 years$6,626$4,574$3,084$2,039$1,328$288
34 years$6,361$4,335$2,881$1,876$1,202$247
35 years$6,112$4,111$2,694$1,727$1,089$211
36 years$5,876$3,902$2,520$1,590$986$181
37 years$5,655$3,706$2,359$1,465$894$155
38 years$5,445$3,522$2,209$1,351$810$132
39 years$5,247$3,349$2,069$1,245$735$113
40 years$5,058$3,187$1,940$1,149$667$97
41 years$4,880$3,033$1,819$1,060$605$83
42 years$4,711$2,889$1,706$978$549$71
43 years$4,550$2,753$1,601$903$498$61
44 years$4,396$2,624$1,503$834$452$52
45 years$4,250$2,502$1,411$770$410$45
46 years$4,111$2,387$1,325$711$373$38
47 years$3,978$2,278$1,245$657$338$33
48 years$3,850$2,174$1,170$607$307$28
49 years$3,729$2,076$1,100$561$279$24
50 years$3,612$1,984$1,034$519$253$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $3,700,000, adding $3,103 every year, while hoping to spend $39,795 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: 66/9/25 Blend
72$3,700,000$3,700,000$3,700,000$3,700,000
73$4,080,601$3,884,501$3,827,151$4,323,222
74$4,454,480$4,032,500$3,913,019$4,634,959
75$4,865,162$4,186,417$4,000,430$4,970,879
76$5,316,358$4,346,500$4,089,393$5,337,252
77$5,812,156$4,513,008$4,179,917$5,737,079
78$6,357,062$4,686,212$4,272,010$6,173,664
79$6,956,038$4,866,392$4,365,679$6,650,645
80$7,614,552$5,053,844$4,460,928$7,172,027
81$8,338,629$5,248,874$4,557,761$7,742,223
82$9,134,904$5,451,804$4,656,181$8,366,091
83$10,010,690$5,662,968$4,756,188$9,048,980
84$10,974,042$5,882,716$4,857,783$9,796,782
85$12,033,838$6,111,413$4,960,962$10,615,989
86$13,199,857$6,349,439$5,065,722$11,513,748
87$14,482,875$6,597,194$5,172,056$12,497,932
88$15,894,765$6,855,093$5,279,956$13,577,214
89$17,448,608$7,123,570$5,389,412$14,761,148
90$19,158,820$7,403,079$5,500,411$16,060,257
91$21,041,282$7,694,092$5,612,938$17,486,134
92$23,113,496$7,997,106$5,726,974$19,051,549
93$25,394,745$8,312,637$5,842,500$20,770,572
94$27,906,277$8,641,224$5,959,492$22,658,702
95$30,671,505$8,983,432$6,077,923$24,733,014
96$33,716,228$9,339,849$6,197,763$27,012,320
97$37,068,874$9,711,093$6,318,979$29,517,346
98$40,760,769$10,097,806$6,441,534$32,270,927
99$44,826,429$10,500,659$6,565,387$35,298,222
100$49,303,890$10,920,357$6,690,492$38,626,949