Can I retire at age 73 with 4,300,000?

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$355,090$351,927$348,841$345,829$342,888$334,735
2 years$175,787$172,513$169,340$166,264$163,280$155,113
3 years$116,027$112,739$109,574$106,527$103,592$95,667
4 years$86,153$82,875$79,742$76,747$73,882$66,260
5 years$68,234$64,975$61,883$58,949$56,164$48,866
6 years$56,291$53,057$50,011$47,142$44,441$37,475
7 years$47,764$44,557$41,559$38,758$36,142$29,509
8 years$41,371$38,194$35,245$32,513$29,984$23,680
9 years$36,402$33,255$30,357$27,694$25,250$19,272
10 years$32,429$29,312$26,466$23,872$21,515$15,854
11 years$29,181$26,095$23,300$20,776$18,503$13,153
12 years$26,475$23,422$20,678$18,223$16,035$10,985
13 years$24,188$21,166$18,475$16,089$13,982$9,225
14 years$22,229$19,239$16,600$14,282$12,257$7,781
15 years$20,533$17,576$14,987$12,737$10,792$6,587
16 years$19,051$16,125$13,588$11,404$9,538$5,593
17 years$17,744$14,851$12,365$10,247$8,457$4,762
18 years$16,583$13,723$11,287$9,234$7,520$4,062
19 years$15,546$12,718$10,333$8,344$6,702$3,471
20 years$14,614$11,818$9,483$7,557$5,987$2,971
21 years$13,772$11,008$8,723$6,859$5,357$2,546
22 years$13,007$10,276$8,039$6,236$4,802$2,184
23 years$12,310$9,611$7,423$5,679$4,311$1,876
24 years$11,672$9,005$6,865$5,180$3,875$1,612
25 years$11,086$8,450$6,358$4,731$3,487$1,386
26 years$10,546$7,942$5,897$4,325$3,141$1,193
27 years$10,047$7,474$5,476$3,959$2,831$1,027
28 years$9,584$7,043$5,090$3,627$2,555$885
29 years$9,154$6,644$4,737$3,326$2,307$762
30 years$8,753$6,275$4,412$3,053$2,085$657
31 years$8,379$5,932$4,114$2,804$1,885$566
32 years$8,029$5,613$3,838$2,577$1,705$488
33 years$7,701$5,315$3,584$2,369$1,543$421
34 years$7,393$5,038$3,348$2,180$1,397$363
35 years$7,103$4,778$3,130$2,007$1,265$313
36 years$6,829$4,535$2,928$1,848$1,146$270
37 years$6,572$4,307$2,741$1,703$1,039$233
38 years$6,328$4,094$2,567$1,570$942$201
39 years$6,097$3,893$2,405$1,447$854$174
40 years$5,879$3,704$2,254$1,335$775$150
41 years$5,671$3,525$2,114$1,232$703$130
42 years$5,475$3,357$1,983$1,137$638$112
43 years$5,287$3,199$1,860$1,049$579$97
44 years$5,109$3,049$1,746$969$525$83
45 years$4,939$2,908$1,640$895$477$72
46 years$4,777$2,774$1,540$826$433$62
47 years$4,623$2,647$1,447$764$393$54
48 years$4,475$2,527$1,360$706$357$46
49 years$4,334$2,413$1,278$652$324$40
50 years$4,198$2,305$1,202$603$295$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $4,300,000, adding $2,474 every year, while hoping to spend $36,631 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: 30/41/29 Blend
72$4,300,000$4,300,000$4,300,000$4,300,000
73$4,741,152$4,513,252$4,446,602$4,841,088
74$5,185,774$4,695,426$4,556,588$5,101,905
75$5,674,520$4,885,299$4,669,031$5,378,922
76$6,211,852$5,083,210$4,783,974$5,676,210
77$6,802,686$5,289,511$4,901,462$5,995,559
78$7,452,437$5,504,575$5,021,538$6,338,934
79$8,167,073$5,728,786$5,144,247$6,708,485
80$8,953,168$5,962,550$5,269,632$7,106,574
81$9,817,965$6,206,290$5,397,740$7,535,791
82$10,769,447$6,460,447$5,528,614$7,998,979
83$11,816,407$6,725,485$5,662,298$8,499,256
84$12,968,533$7,001,887$5,798,838$9,040,048
85$14,236,502$7,290,158$5,938,278$9,625,114
86$15,632,078$7,590,828$6,080,662$10,258,585
87$17,168,220$7,904,449$6,226,035$10,944,997
88$18,859,212$8,231,600$6,374,440$11,689,334
89$20,720,789$8,572,887$6,525,922$12,497,071
90$22,770,293$8,928,941$6,680,523$13,374,227
91$25,026,829$9,300,426$6,838,287$14,327,416
92$27,511,452$9,688,033$6,999,257$15,363,909
93$30,247,362$10,092,488$7,163,473$16,491,700
94$33,260,120$10,514,547$7,330,977$17,719,579
95$36,577,897$10,955,005$7,501,809$19,057,211
96$40,231,733$11,414,690$7,676,010$20,515,228
97$44,255,831$11,894,471$7,853,617$22,105,322
98$48,687,881$12,395,256$8,034,669$23,840,356
99$53,569,416$12,917,995$8,219,202$25,734,479
100$58,946,202$13,463,682$8,407,250$27,803,261