Can I retire at age 73 with 4,500,000?

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$371,606$368,296$365,066$361,914$358,836$356,575
2 years$183,963$180,537$177,217$173,997$170,874$168,593
3 years$121,424$117,983$114,671$111,482$108,410$106,180
4 years$90,160$86,730$83,451$80,316$77,319$75,157
5 years$71,407$67,997$64,761$61,691$58,776$56,689
6 years$58,909$55,525$52,337$49,334$46,508$44,497
7 years$49,985$46,630$43,492$40,561$37,823$35,891
8 years$43,296$39,970$36,885$34,025$31,378$29,524
9 years$38,095$34,801$31,769$28,982$26,425$24,649
10 years$33,937$30,676$27,697$24,983$22,515$20,816
11 years$30,538$27,309$24,384$21,742$19,364$17,740
12 years$27,707$24,511$21,640$19,071$16,780$15,231
13 years$25,313$22,151$19,334$16,837$14,633$13,156
14 years$23,263$20,134$17,372$14,946$12,827$11,421
15 years$21,488$18,393$15,684$13,329$11,294$9,957
16 years$19,937$16,875$14,220$11,935$9,982$8,712
17 years$18,569$15,542$12,940$10,723$8,850$7,646
18 years$17,355$14,361$11,812$9,664$7,869$6,728
19 years$16,270$13,310$10,814$8,732$7,014$5,934
20 years$15,294$12,368$9,924$7,909$6,265$5,243
21 years$14,413$11,520$9,128$7,178$5,607$4,641
22 years$13,612$10,754$8,413$6,526$5,026$4,115
23 years$12,883$10,058$7,768$5,943$4,511$3,652
24 years$12,215$9,424$7,184$5,421$4,055$3,246
25 years$11,602$8,844$6,654$4,951$3,649$2,888
26 years$11,036$8,311$6,171$4,527$3,287$2,571
27 years$10,514$7,822$5,731$4,143$2,963$2,291
28 years$10,030$7,371$5,327$3,796$2,674$2,043
29 years$9,579$6,953$4,957$3,481$2,414$1,823
30 years$9,160$6,567$4,618$3,195$2,181$1,627
31 years$8,769$6,208$4,305$2,934$1,972$1,454
32 years$8,402$5,874$4,017$2,697$1,784$1,299
33 years$8,059$5,563$3,750$2,480$1,615$1,161
34 years$7,736$5,272$3,504$2,282$1,462$1,038
35 years$7,433$5,000$3,276$2,100$1,324$929
36 years$7,147$4,746$3,065$1,934$1,200$831
37 years$6,877$4,508$2,868$1,782$1,087$744
38 years$6,622$4,284$2,686$1,643$986$666
39 years$6,381$4,074$2,517$1,515$894$596
40 years$6,152$3,876$2,359$1,397$811$534
41 years$5,935$3,689$2,212$1,289$736$478
42 years$5,729$3,514$2,075$1,190$667$428
43 years$5,533$3,348$1,947$1,098$606$384
44 years$5,347$3,191$1,828$1,014$550$344
45 years$5,169$3,043$1,716$936$499$308
46 years$4,999$2,903$1,612$865$453$276
47 years$4,838$2,770$1,514$799$412$247
48 years$4,683$2,645$1,423$738$374$222
49 years$4,535$2,525$1,337$682$339$199
50 years$4,394$2,412$1,257$631$308$178

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $4,500,000, adding $5,584 every year, while hoping to spend $48,579 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: 27/49/24 Blend
72$4,500,000$4,500,000$4,500,000$4,500,000
73$4,964,760$4,726,260$4,656,510$5,061,217
74$5,419,478$4,906,159$4,760,815$5,318,279
75$5,918,949$5,093,245$4,866,987$5,589,487
76$6,467,686$5,287,819$4,975,036$5,879,672
77$7,070,662$5,490,194$5,084,972$6,190,476
78$7,733,355$5,700,699$5,196,804$6,523,701
79$8,461,800$5,919,676$5,310,539$6,881,319
80$9,262,644$6,147,481$5,426,183$7,265,494
81$10,143,214$6,384,487$5,543,740$7,678,598
82$11,111,579$6,631,084$5,663,212$8,123,233
83$12,176,630$6,887,677$5,784,600$8,602,253
84$13,348,164$7,154,691$5,907,901$9,118,791
85$14,636,974$7,432,568$6,033,114$9,676,286
86$16,054,953$7,721,772$6,160,231$10,278,511
87$17,615,204$8,022,784$6,289,244$10,929,612
88$19,332,163$8,336,109$6,420,142$11,634,142
89$21,221,739$8,662,273$6,552,912$12,397,100
90$23,301,459$9,001,827$6,687,537$13,223,981
91$25,590,636$9,355,345$6,823,998$14,120,821
92$28,110,550$9,723,427$6,962,271$15,094,256
93$30,884,651$10,106,699$7,102,332$16,151,578
94$33,938,774$10,505,816$7,244,149$17,300,804
95$37,301,391$10,921,463$7,387,690$18,550,748
96$41,003,872$11,354,354$7,532,916$19,911,102
97$45,080,785$11,805,235$7,679,787$21,392,526
98$49,570,220$12,274,887$7,828,255$23,006,742
99$54,514,150$12,764,124$7,978,269$24,766,645
100$59,958,826$13,273,798$8,129,773$26,686,422