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

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$421,153$417,402$413,742$410,169$406,681$393,663
2 years$208,492$204,609$200,846$197,197$193,658$180,662
3 years$137,614$133,714$129,960$126,346$122,864$110,299
4 years$102,182$98,294$94,578$91,025$87,628$75,590
5 years$80,928$77,064$73,396$69,916$66,613$55,134
6 years$66,764$62,928$59,315$55,912$52,709$41,798
7 years$56,650$52,847$49,291$45,969$42,866$32,523
8 years$49,068$45,300$41,803$38,562$35,562$25,779
9 years$43,175$39,442$36,005$32,846$29,948$20,715
10 years$38,462$34,766$31,390$28,314$25,517$16,819
11 years$34,610$30,950$27,635$24,641$21,946$13,767
12 years$31,401$27,779$24,525$21,614$19,018$11,340
13 years$28,688$25,104$21,912$19,082$16,584$9,389
14 years$26,365$22,819$19,688$16,939$14,537$7,806
15 years$24,353$20,846$17,775$15,106$12,800$6,511
16 years$22,595$19,125$16,116$13,526$11,312$5,446
17 years$21,045$17,614$14,665$12,153$10,030$4,566
18 years$19,669$16,276$13,387$10,952$8,919$3,835
19 years$18,439$15,084$12,255$9,896$7,949$3,226
20 years$17,333$14,017$11,247$8,963$7,101$2,717
21 years$16,334$13,056$10,345$8,135$6,354$2,291
22 years$15,427$12,188$9,535$7,396$5,696$1,934
23 years$14,601$11,399$8,804$6,736$5,113$1,633
24 years$13,844$10,680$8,142$6,144$4,595$1,381
25 years$13,149$10,023$7,541$5,611$4,135$1,168
26 years$12,508$9,420$6,994$5,130$3,725$988
27 years$11,916$8,865$6,495$4,696$3,358$836
28 years$11,367$8,353$6,038$4,302$3,030$708
29 years$10,857$7,881$5,618$3,945$2,736$599
30 years$10,381$7,442$5,233$3,621$2,472$508
31 years$9,938$7,035$4,879$3,325$2,235$430
32 years$9,523$6,657$4,552$3,056$2,022$365
33 years$9,133$6,304$4,250$2,810$1,830$309
34 years$8,768$5,975$3,971$2,586$1,657$262
35 years$8,424$5,667$3,713$2,380$1,501$222
36 years$8,100$5,379$3,473$2,192$1,360$188
37 years$7,794$5,109$3,251$2,020$1,232$160
38 years$7,505$4,855$3,044$1,862$1,117$135
39 years$7,232$4,617$2,852$1,717$1,013$115
40 years$6,973$4,393$2,673$1,583$919$97
41 years$6,727$4,181$2,507$1,461$834$82
42 years$6,493$3,982$2,351$1,348$756$70
43 years$6,271$3,794$2,207$1,245$686$59
44 years$6,060$3,617$2,071$1,149$623$50
45 years$5,858$3,449$1,945$1,061$566$43
46 years$5,666$3,290$1,827$980$514$36
47 years$5,483$3,140$1,716$906$466$31
48 years$5,307$2,997$1,613$837$424$26
49 years$5,140$2,862$1,516$773$385$22
50 years$4,979$2,734$1,425$715$349$19

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 $4,974 every year, while hoping to spend $37,712 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: 50/38/12 Blend
72$5,100,000$5,100,000$5,100,000$5,100,000
73$5,625,331$5,355,031$5,275,981$5,888,129
74$6,158,989$5,577,302$5,412,601$6,291,053
75$6,745,817$5,809,200$5,552,534$6,724,282
76$7,391,197$6,051,158$5,695,851$7,194,206
77$8,101,061$6,303,627$5,842,624$7,704,282
78$8,881,945$6,567,080$5,992,927$8,258,309
79$9,741,047$6,842,011$6,146,834$8,860,460
80$10,686,302$7,128,938$6,304,421$9,515,323
81$11,726,451$7,428,401$6,465,765$10,227,939
82$12,871,124$7,740,968$6,630,943$11,003,851
83$14,130,934$8,067,231$6,800,035$11,849,151
84$15,517,574$8,407,810$6,973,121$12,770,540
85$17,043,927$8,763,354$7,150,281$13,775,386
86$18,724,191$9,134,541$7,331,599$14,871,792
87$20,574,008$9,522,083$7,517,157$16,068,671
88$22,610,614$9,926,723$7,707,039$17,375,827
89$24,853,003$10,349,239$7,901,331$18,804,047
90$27,322,104$10,790,445$8,100,120$20,365,197
91$30,040,976$11,251,195$8,303,492$22,072,334
92$33,035,032$11,732,380$8,511,535$23,939,828
93$36,332,273$12,234,934$8,724,339$25,983,491
94$39,963,553$12,759,835$8,941,993$28,220,724
95$43,962,875$13,308,105$9,164,589$30,670,681
96$48,367,702$13,880,817$9,392,217$33,354,444
97$53,219,322$14,479,091$9,624,970$36,295,221
98$58,563,227$15,104,101$9,862,941$39,518,557
99$64,449,550$15,757,076$10,106,224$43,052,577
100$70,933,534$16,439,302$10,354,912$46,928,246