Can I retire at age 73 with 4,200,000?

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$346,832$343,743$340,729$337,787$334,914$325,498
2 years$171,699$168,501$165,402$162,397$159,483$150,068
3 years$113,329$110,117$107,026$104,050$101,182$92,064
4 years$84,150$80,948$77,888$74,962$72,164$63,412
5 years$66,647$63,464$60,444$57,578$54,858$46,496
6 years$54,982$51,823$48,848$46,046$43,407$35,443
7 years$46,653$43,521$40,593$37,857$35,302$27,736
8 years$40,409$37,306$34,426$31,757$29,286$22,114
9 years$35,556$32,481$29,651$27,050$24,663$17,878
10 years$31,675$28,631$25,850$23,317$21,014$14,607
11 years$28,502$25,488$22,758$20,293$18,073$12,033
12 years$25,860$22,877$20,197$17,800$15,662$9,978
13 years$23,626$20,674$18,045$15,714$13,657$8,318
14 years$21,712$18,792$16,214$13,950$11,972$6,963
15 years$20,056$17,167$14,639$12,441$10,541$5,849
16 years$18,608$15,750$13,272$11,139$9,316$4,928
17 years$17,331$14,505$12,077$10,008$8,260$4,162
18 years$16,198$13,404$11,025$9,020$7,345$3,521
19 years$15,185$12,422$10,093$8,150$6,547$2,985
20 years$14,274$11,543$9,263$7,381$5,847$2,533
21 years$13,452$10,752$8,520$6,699$5,233$2,153
22 years$12,705$10,037$7,852$6,091$4,690$1,831
23 years$12,024$9,387$7,250$5,547$4,210$1,559
24 years$11,401$8,795$6,705$5,059$3,784$1,328
25 years$10,828$8,254$6,210$4,621$3,405$1,132
26 years$10,301$7,757$5,760$4,225$3,067$966
27 years$9,813$7,301$5,348$3,867$2,766$824
28 years$9,361$6,879$4,972$3,543$2,495$703
29 years$8,941$6,490$4,627$3,249$2,253$601
30 years$8,549$6,129$4,310$2,982$2,036$513
31 years$8,184$5,794$4,018$2,739$1,841$438
32 years$7,842$5,482$3,749$2,517$1,665$374
33 years$7,522$5,192$3,500$2,314$1,507$320
34 years$7,221$4,921$3,270$2,129$1,364$273
35 years$6,937$4,667$3,058$1,960$1,236$234
36 years$6,671$4,430$2,860$1,805$1,120$200
37 years$6,419$4,207$2,677$1,663$1,015$171
38 years$6,181$3,998$2,507$1,533$920$146
39 years$5,956$3,802$2,349$1,414$834$125
40 years$5,742$3,617$2,202$1,304$757$107
41 years$5,540$3,443$2,064$1,203$687$91
42 years$5,347$3,279$1,937$1,110$623$78
43 years$5,164$3,125$1,817$1,025$565$67
44 years$4,990$2,978$1,706$946$513$57
45 years$4,824$2,840$1,602$874$466$49
46 years$4,666$2,709$1,504$807$423$42
47 years$4,515$2,586$1,413$746$384$36
48 years$4,371$2,468$1,328$689$349$31
49 years$4,233$2,357$1,248$637$317$26
50 years$4,101$2,252$1,174$589$288$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $4,200,000, adding $2,571 every year, while hoping to spend $24,254 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: 53/23/24 Blend
72$4,200,000$4,200,000$4,200,000$4,200,000
73$4,631,052$4,408,452$4,343,352$4,845,570
74$5,077,613$4,598,660$4,463,048$5,184,057
75$5,568,911$4,797,375$4,585,941$5,549,491
76$6,109,482$5,004,989$4,712,113$5,946,665
77$6,704,327$5,221,912$4,841,646$6,378,620
78$7,358,954$5,448,571$4,974,627$6,848,697
79$8,079,432$5,685,416$5,111,142$7,360,572
80$8,872,451$5,932,917$5,251,281$7,918,287
81$9,745,377$6,191,567$5,395,136$8,526,286
82$10,706,333$6,461,881$5,542,800$9,189,461
83$11,764,264$6,744,398$5,694,369$9,913,191
84$12,929,029$7,039,684$5,849,941$10,703,394
85$14,211,492$7,348,330$6,009,616$11,566,584
86$15,623,623$7,670,957$6,173,496$12,509,926
87$17,178,611$8,008,213$6,341,688$13,541,307
88$18,890,992$8,360,778$6,514,297$14,669,407
89$20,776,781$8,729,364$6,691,433$15,903,778
90$22,853,626$9,114,716$6,873,210$17,254,937
91$25,140,974$9,517,615$7,059,740$18,734,458
92$27,660,254$9,938,879$7,251,143$20,355,084
93$30,435,080$10,379,364$7,447,536$22,130,842
94$33,491,473$10,839,968$7,649,043$24,077,178
95$36,858,107$11,321,630$7,855,790$26,211,097
96$40,566,578$11,825,334$8,067,903$28,551,323
97$44,651,705$12,352,111$8,285,514$31,118,472
98$49,151,856$12,903,042$8,508,755$33,935,247
99$54,109,311$13,479,257$8,737,765$37,026,651
100$59,570,662$14,081,941$8,972,681$40,420,215