Can I retire at age 73 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$421,153$417,402$413,742$410,169$406,681$396,046
2 years$208,492$204,609$200,846$197,197$193,658$183,016
3 years$137,614$133,714$129,960$126,346$122,864$112,548
4 years$102,182$98,294$94,578$91,025$87,628$77,717
5 years$80,928$77,064$73,396$69,916$66,613$57,135
6 years$66,764$62,928$59,315$55,912$52,709$43,673
7 years$56,650$52,847$49,291$45,969$42,866$34,273
8 years$49,068$45,300$41,803$38,562$35,562$27,406
9 years$43,175$39,442$36,005$32,846$29,948$22,224
10 years$38,462$34,766$31,390$28,314$25,517$18,214
11 years$34,610$30,950$27,635$24,641$21,946$15,053
12 years$31,401$27,779$24,525$21,614$19,018$12,524
13 years$28,688$25,104$21,912$19,082$16,584$10,474
14 years$26,365$22,819$19,688$16,939$14,537$8,799
15 years$24,353$20,846$17,775$15,106$12,800$7,418
16 years$22,595$19,125$16,116$13,526$11,312$6,272
17 years$21,045$17,614$14,665$12,153$10,030$5,316
18 years$19,669$16,276$13,387$10,952$8,919$4,515
19 years$18,439$15,084$12,255$9,896$7,949$3,841
20 years$17,333$14,017$11,247$8,963$7,101$3,272
21 years$16,334$13,056$10,345$8,135$6,354$2,792
22 years$15,427$12,188$9,535$7,396$5,696$2,384
23 years$14,601$11,399$8,804$6,736$5,113$2,037
24 years$13,844$10,680$8,142$6,144$4,595$1,743
25 years$13,149$10,023$7,541$5,611$4,135$1,492
26 years$12,508$9,420$6,994$5,130$3,725$1,277
27 years$11,916$8,865$6,495$4,696$3,358$1,094
28 years$11,367$8,353$6,038$4,302$3,030$938
29 years$10,857$7,881$5,618$3,945$2,736$804
30 years$10,381$7,442$5,233$3,621$2,472$690
31 years$9,938$7,035$4,879$3,325$2,235$592
32 years$9,523$6,657$4,552$3,056$2,022$508
33 years$9,133$6,304$4,250$2,810$1,830$436
34 years$8,768$5,975$3,971$2,586$1,657$374
35 years$8,424$5,667$3,713$2,380$1,501$321
36 years$8,100$5,379$3,473$2,192$1,360$275
37 years$7,794$5,109$3,251$2,020$1,232$237
38 years$7,505$4,855$3,044$1,862$1,117$203
39 years$7,232$4,617$2,852$1,717$1,013$174
40 years$6,973$4,393$2,673$1,583$919$150
41 years$6,727$4,181$2,507$1,461$834$129
42 years$6,493$3,982$2,351$1,348$756$110
43 years$6,271$3,794$2,207$1,245$686$95
44 years$6,060$3,617$2,071$1,149$623$82
45 years$5,858$3,449$1,945$1,061$566$70
46 years$5,666$3,290$1,827$980$514$60
47 years$5,483$3,140$1,716$906$466$52
48 years$5,307$2,997$1,613$837$424$44
49 years$5,140$2,862$1,516$773$385$38
50 years$4,979$2,734$1,425$715$349$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $5,100,000, adding $3,400 every year, while hoping to spend $41,746 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: 39/39/22 Blend
72$5,100,000$5,100,000$5,100,000$5,100,000
73$5,623,707$5,353,407$5,274,357$5,806,087
74$6,152,908$5,571,307$5,406,631$6,155,923
75$6,734,688$5,798,484$5,541,936$6,529,758
76$7,374,366$6,035,350$5,680,331$6,933,146
77$8,077,803$6,282,334$5,821,874$7,368,793
78$8,851,455$6,539,884$5,966,623$7,839,673
79$9,702,435$6,808,470$6,114,636$8,349,048
80$10,638,582$7,088,584$6,265,975$8,900,500
81$11,668,530$7,380,737$6,420,698$9,497,965
82$12,801,795$7,685,468$6,578,866$10,145,766
83$14,048,859$8,003,337$6,740,539$10,848,651
84$15,421,274$8,334,932$6,905,779$11,611,839
85$16,931,768$8,680,867$7,074,646$12,441,067
86$18,594,364$9,041,786$7,247,203$13,342,637
87$20,424,515$9,418,359$7,423,510$14,323,481
88$22,439,247$9,811,290$7,603,629$15,391,217
89$24,657,323$10,221,315$7,787,623$16,554,225
90$27,099,413$10,649,204$7,975,552$17,821,717
91$29,788,299$11,095,761$8,167,479$19,203,828
92$32,749,081$11,561,828$8,363,465$20,711,704
93$36,009,418$12,048,288$8,563,571$22,357,607
94$39,599,787$12,556,062$8,767,859$24,155,027
95$43,553,771$13,086,116$8,976,388$26,118,807
96$47,908,378$13,639,458$9,189,220$28,265,277
97$52,704,388$14,217,146$9,406,413$30,612,411
98$57,986,735$14,820,286$9,628,028$33,179,986
99$63,804,935$15,450,034$9,854,121$35,989,770
100$70,213,555$16,107,601$10,084,750$39,065,724