Can I retire at age 73 with 5,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$412,895$409,217$405,629$402,127$398,707$385,328
2 years$204,404$200,597$196,907$193,330$189,860$176,513
3 years$134,915$131,092$127,412$123,869$120,455$107,559
4 years$100,178$96,367$92,723$89,240$85,910$73,563
5 years$79,341$75,553$71,957$68,545$65,307$53,543
6 years$65,455$61,694$58,152$54,816$51,675$40,503
7 years$55,539$51,811$48,325$45,067$42,026$31,443
8 years$48,106$44,411$40,983$37,806$34,865$24,864
9 years$42,328$38,668$35,299$32,202$29,361$19,931
10 years$37,708$34,084$30,774$27,759$25,017$16,142
11 years$33,931$30,343$27,093$24,158$21,515$13,178
12 years$30,785$27,234$24,044$21,190$18,645$10,827
13 years$28,126$24,612$21,482$18,708$16,259$8,940
14 years$25,848$22,371$19,302$16,607$14,252$7,411
15 years$23,876$20,437$17,427$14,810$12,549$6,165
16 years$22,152$18,750$15,800$13,261$11,091$5,142
17 years$20,632$17,268$14,377$11,915$9,834$4,298
18 years$19,283$15,957$13,125$10,738$8,744$3,599
19 years$18,077$14,789$12,015$9,702$7,793$3,018
20 years$16,993$13,742$11,027$8,787$6,961$2,535
21 years$16,014$12,800$10,143$7,975$6,230$2,131
22 years$15,125$11,949$9,348$7,251$5,584$1,793
23 years$14,314$11,175$8,631$6,604$5,012$1,509
24 years$13,572$10,471$7,982$6,023$4,505$1,272
25 years$12,891$9,826$7,393$5,501$4,054$1,072
26 years$12,263$9,235$6,857$5,029$3,652$904
27 years$11,682$8,691$6,367$4,604$3,292$763
28 years$11,144$8,190$5,919$4,218$2,971$644
29 years$10,644$7,726$5,508$3,868$2,683$543
30 years$10,178$7,296$5,131$3,550$2,424$459
31 years$9,743$6,898$4,783$3,260$2,191$387
32 years$9,336$6,526$4,463$2,996$1,982$327
33 years$8,954$6,181$4,167$2,755$1,794$276
34 years$8,596$5,858$3,893$2,535$1,624$233
35 years$8,259$5,556$3,640$2,334$1,471$197
36 years$7,941$5,274$3,405$2,149$1,333$167
37 years$7,641$5,009$3,187$1,980$1,208$141
38 years$7,358$4,760$2,985$1,825$1,095$119
39 years$7,090$4,526$2,796$1,683$993$101
40 years$6,836$4,306$2,621$1,552$901$85
41 years$6,595$4,099$2,458$1,432$817$72
42 years$6,366$3,904$2,305$1,322$742$61
43 years$6,148$3,720$2,163$1,220$673$51
44 years$5,941$3,546$2,031$1,127$611$43
45 years$5,743$3,381$1,907$1,040$555$37
46 years$5,555$3,225$1,791$961$504$31
47 years$5,375$3,078$1,682$888$457$26
48 years$5,203$2,938$1,581$820$415$22
49 years$5,039$2,806$1,486$758$377$19
50 years$4,882$2,680$1,397$701$343$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $5,000,000, adding $4,833 every year, while hoping to spend $37,102 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: 54/31/15 Blend
72$5,000,000$5,000,000$5,000,000$5,000,000
73$5,514,985$5,249,985$5,172,485$5,790,589
74$6,038,037$5,467,758$5,306,287$6,196,755
75$6,613,198$5,694,959$5,443,328$6,634,243
76$7,245,741$5,932,009$5,583,677$7,109,598
77$7,941,481$6,179,352$5,727,405$7,626,433
78$8,706,822$6,437,450$5,874,583$8,188,722
79$9,548,820$6,706,787$6,025,283$8,800,833
80$10,475,250$6,987,870$6,179,580$9,467,567
81$11,494,677$7,281,228$6,337,548$10,194,206
82$12,616,542$7,587,415$6,499,263$10,986,561
83$13,851,242$7,907,012$6,664,802$11,851,019
84$15,210,238$8,240,625$6,834,242$12,794,609
85$16,706,157$8,588,889$7,007,663$13,825,064
86$18,352,909$8,952,469$7,185,145$14,950,892
87$20,165,827$9,332,061$7,366,768$16,181,455
88$22,161,801$9,728,392$7,552,614$17,527,053
89$24,359,444$10,142,223$7,742,767$18,999,023
90$26,779,268$10,574,352$7,937,309$20,609,844
91$29,443,871$11,025,613$8,136,327$22,373,247
92$32,378,156$11,496,878$8,339,904$24,304,351
93$35,609,565$11,989,063$8,548,129$26,419,795
94$39,168,337$12,503,123$8,761,087$28,737,899
95$43,087,791$13,040,059$8,978,867$31,278,829
96$47,404,644$13,600,921$9,201,557$34,064,791
97$52,159,356$14,186,804$9,429,248$37,120,232
98$57,396,511$14,798,858$9,662,029$40,472,070
99$63,165,239$15,438,286$9,899,990$44,149,946
100$69,519,676$16,106,345$10,143,222$48,186,501