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%12.5%
1 years$421,153$417,402$413,742$410,169$406,681$402,434
2 years$208,492$204,609$200,846$197,197$193,658$189,381
3 years$137,614$133,714$129,960$126,346$122,864$118,690
4 years$102,182$98,294$94,578$91,025$87,628$83,589
5 years$80,928$77,064$73,396$69,916$66,613$62,721
6 years$66,764$62,928$59,315$55,912$52,709$48,968
7 years$56,650$52,847$49,291$45,969$42,866$39,279
8 years$49,068$45,300$41,803$38,562$35,562$32,127
9 years$43,175$39,442$36,005$32,846$29,948$26,665
10 years$38,462$34,766$31,390$28,314$25,517$22,384
11 years$34,610$30,950$27,635$24,641$21,946$18,960
12 years$31,401$27,779$24,525$21,614$19,018$16,176
13 years$28,688$25,104$21,912$19,082$16,584$13,882
14 years$26,365$22,819$19,688$16,939$14,537$11,973
15 years$24,353$20,846$17,775$15,106$12,800$10,368
16 years$22,595$19,125$16,116$13,526$11,312$9,010
17 years$21,045$17,614$14,665$12,153$10,030$7,852
18 years$19,669$16,276$13,387$10,952$8,919$6,861
19 years$18,439$15,084$12,255$9,896$7,949$6,008
20 years$17,333$14,017$11,247$8,963$7,101$5,270
21 years$16,334$13,056$10,345$8,135$6,354$4,631
22 years$15,427$12,188$9,535$7,396$5,696$4,074
23 years$14,601$11,399$8,804$6,736$5,113$3,589
24 years$13,844$10,680$8,142$6,144$4,595$3,166
25 years$13,149$10,023$7,541$5,611$4,135$2,794
26 years$12,508$9,420$6,994$5,130$3,725$2,469
27 years$11,916$8,865$6,495$4,696$3,358$2,182
28 years$11,367$8,353$6,038$4,302$3,030$1,931
29 years$10,857$7,881$5,618$3,945$2,736$1,709
30 years$10,381$7,442$5,233$3,621$2,472$1,513
31 years$9,938$7,035$4,879$3,325$2,235$1,341
32 years$9,523$6,657$4,552$3,056$2,022$1,188
33 years$9,133$6,304$4,250$2,810$1,830$1,053
34 years$8,768$5,975$3,971$2,586$1,657$934
35 years$8,424$5,667$3,713$2,380$1,501$829
36 years$8,100$5,379$3,473$2,192$1,360$735
37 years$7,794$5,109$3,251$2,020$1,232$652
38 years$7,505$4,855$3,044$1,862$1,117$579
39 years$7,232$4,617$2,852$1,717$1,013$514
40 years$6,973$4,393$2,673$1,583$919$456
41 years$6,727$4,181$2,507$1,461$834$405
42 years$6,493$3,982$2,351$1,348$756$360
43 years$6,271$3,794$2,207$1,245$686$320
44 years$6,060$3,617$2,071$1,149$623$284
45 years$5,858$3,449$1,945$1,061$566$252
46 years$5,666$3,290$1,827$980$514$224
47 years$5,483$3,140$1,716$906$466$199
48 years$5,307$2,997$1,613$837$424$177
49 years$5,140$2,862$1,516$773$385$157
50 years$4,979$2,734$1,425$715$349$140

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 $4,812 every year, while hoping to spend $54,881 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: 49/27/24 Blend
72$5,100,000$5,100,000$5,100,000$5,100,000
73$5,625,164$5,354,864$5,275,814$5,862,393
74$6,140,537$5,558,859$5,394,160$6,232,331
75$6,706,640$5,771,011$5,514,632$6,628,116
76$7,328,587$5,991,661$5,637,243$7,056,997
77$8,012,017$6,221,165$5,762,004$7,522,123
78$8,763,137$6,459,897$5,888,925$8,026,954
79$9,588,789$6,708,244$6,018,017$8,575,297
80$10,496,510$6,966,612$6,149,285$9,171,339
81$11,494,602$7,235,425$6,282,734$9,819,683
82$12,592,215$7,515,124$6,418,369$10,525,397
83$13,799,427$7,806,171$6,556,191$11,294,054
84$15,127,343$8,109,048$6,696,197$12,131,786
85$16,588,198$8,424,257$6,838,386$13,045,343
86$18,195,473$8,752,325$6,982,751$14,042,151
87$19,964,022$9,093,799$7,129,283$15,130,383
88$21,910,210$9,449,253$7,277,972$16,319,038
89$24,052,069$9,819,284$7,428,802$17,618,017
90$26,409,469$10,204,518$7,581,756$19,038,223
91$29,004,303$10,605,607$7,736,813$20,591,658
92$31,860,693$11,023,234$7,893,947$22,291,533
93$35,005,221$11,458,109$8,053,132$24,152,398
94$38,467,175$11,910,978$8,214,333$26,190,270
95$42,278,827$12,382,616$8,377,514$28,422,788
96$46,475,741$12,873,838$8,542,633$30,869,374
97$51,097,100$13,385,490$8,709,645$33,551,415
98$56,186,084$13,918,459$8,878,499$36,492,468
99$61,790,273$14,473,671$9,049,137$39,718,471
100$67,962,095$15,052,095$9,221,497$43,257,996