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Preheat your oven to 325°F (165°C).
In a large mixing bowl, beat the eggs and sugar together until well combined.
Add the milk and vanilla extract, and stir until everything is combined.
Pour the mixture into a baking dish.
Place the baking dish into a larger baking dish and add enough water to come halfway up the sides of the baking dish.
Bake for 50-60 minutes or until the custard is set.
Remove from the oven and allow to cool to room temperature.
Sprinkle the top with nutmeg, if desired, and serve.