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

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 $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%17.8%
1 years$412,895$409,217$405,629$402,127$398,707$386,099
2 years$204,404$200,597$196,907$193,330$189,860$177,272
3 years$134,915$131,092$127,412$123,869$120,455$108,282
4 years$100,178$96,367$92,723$89,240$85,910$74,244
5 years$79,341$75,553$71,957$68,545$65,307$54,181
6 years$65,455$61,694$58,152$54,816$51,675$41,098
7 years$55,539$51,811$48,325$45,067$42,026$31,997
8 years$48,106$44,411$40,983$37,806$34,865$25,377
9 years$42,328$38,668$35,299$32,202$29,361$20,404
10 years$37,708$34,084$30,774$27,759$25,017$16,577
11 years$33,931$30,343$27,093$24,158$21,515$13,577
12 years$30,785$27,234$24,044$21,190$18,645$11,192
13 years$28,126$24,612$21,482$18,708$16,259$9,272
14 years$25,848$22,371$19,302$16,607$14,252$7,714
15 years$23,876$20,437$17,427$14,810$12,549$6,439
16 years$22,152$18,750$15,800$13,261$11,091$5,390
17 years$20,632$17,268$14,377$11,915$9,834$4,522
18 years$19,283$15,957$13,125$10,738$8,744$3,801
19 years$18,077$14,789$12,015$9,702$7,793$3,200
20 years$16,993$13,742$11,027$8,787$6,961$2,697
21 years$16,014$12,800$10,143$7,975$6,230$2,276
22 years$15,125$11,949$9,348$7,251$5,584$1,923
23 years$14,314$11,175$8,631$6,604$5,012$1,625
24 years$13,572$10,471$7,982$6,023$4,505$1,375
25 years$12,891$9,826$7,393$5,501$4,054$1,164
26 years$12,263$9,235$6,857$5,029$3,652$985
27 years$11,682$8,691$6,367$4,604$3,292$835
28 years$11,144$8,190$5,919$4,218$2,971$707
29 years$10,644$7,726$5,508$3,868$2,683$599
30 years$10,178$7,296$5,131$3,550$2,424$508
31 years$9,743$6,898$4,783$3,260$2,191$431
32 years$9,336$6,526$4,463$2,996$1,982$365
33 years$8,954$6,181$4,167$2,755$1,794$310
34 years$8,596$5,858$3,893$2,535$1,624$263
35 years$8,259$5,556$3,640$2,334$1,471$223
36 years$7,941$5,274$3,405$2,149$1,333$189
37 years$7,641$5,009$3,187$1,980$1,208$161
38 years$7,358$4,760$2,985$1,825$1,095$136
39 years$7,090$4,526$2,796$1,683$993$116
40 years$6,836$4,306$2,621$1,552$901$98
41 years$6,595$4,099$2,458$1,432$817$83
42 years$6,366$3,904$2,305$1,322$742$71
43 years$6,148$3,720$2,163$1,220$673$60
44 years$5,941$3,546$2,031$1,127$611$51
45 years$5,743$3,381$1,907$1,040$555$43
46 years$5,555$3,225$1,791$961$504$37
47 years$5,375$3,078$1,682$888$457$31
48 years$5,203$2,938$1,581$820$415$26
49 years$5,039$2,806$1,486$758$377$22
50 years$4,882$2,680$1,397$701$343$19

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 $3,117 every year, while hoping to spend $21,963 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: 37/36/27 Blend
72$5,000,000$5,000,000$5,000,000$5,000,000
73$5,513,215$5,248,215$5,170,715$5,672,549
74$6,052,195$5,482,009$5,320,566$6,024,131
75$6,645,414$5,726,523$5,474,700$6,401,406
76$7,298,382$5,982,259$5,633,239$6,808,512
77$8,017,170$6,249,743$5,796,305$7,248,156
78$8,808,467$6,529,525$5,964,026$7,723,310
79$9,679,642$6,822,183$6,136,533$8,237,233
80$10,638,818$7,128,323$6,313,959$8,793,503
81$11,694,942$7,448,576$6,496,442$9,396,046
82$12,857,877$7,783,607$6,684,124$10,049,173
83$14,138,488$8,134,111$6,877,149$10,757,617
84$15,548,749$8,500,817$7,075,668$11,526,578
85$17,101,852$8,884,488$7,279,834$12,361,766
86$18,812,336$9,285,923$7,489,803$13,269,454
87$20,696,221$9,705,960$7,705,739$14,256,537
88$22,771,161$10,145,478$7,927,807$15,330,590
89$25,056,609$10,605,395$8,156,178$16,499,941
90$27,574,000$11,086,677$8,391,027$17,773,742
91$30,346,956$11,590,332$8,632,534$19,162,057
92$33,401,507$12,117,419$8,880,885$20,675,950
93$36,766,335$12,669,047$9,136,269$22,327,588
94$40,473,048$13,246,378$9,398,881$24,130,353
95$44,556,478$13,850,629$9,668,923$26,098,962
96$49,055,006$14,483,077$9,946,599$28,249,604
97$54,010,927$15,145,058$10,232,120$30,600,090
98$59,470,850$15,837,974$10,525,704$33,170,011
99$65,486,135$16,563,294$10,827,574$35,980,929
100$72,113,381$17,322,556$11,137,958$39,056,564