Can I retire at age 73 with 5,300,000?

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 $5,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$437,669$433,771$429,967$426,254$422,629$418,042
2 years$216,668$212,633$208,722$204,930$201,252$196,633
3 years$143,010$138,958$135,057$131,301$127,683$123,175
4 years$106,189$102,149$98,287$94,595$91,064$86,704
5 years$84,102$80,086$76,275$72,658$69,226$65,024
6 years$69,382$65,396$61,641$58,105$54,776$50,739
7 years$58,872$54,920$51,224$47,771$44,547$40,677
8 years$50,993$47,076$43,442$40,074$36,956$33,252
9 years$44,868$40,988$37,417$34,134$31,123$27,582
10 years$39,971$36,129$32,621$29,424$26,518$23,140
11 years$35,967$32,164$28,719$25,608$22,806$19,588
12 years$32,632$28,868$25,487$22,461$19,764$16,701
13 years$29,813$26,089$22,771$19,830$17,234$14,324
14 years$27,399$23,714$20,460$17,603$15,107$12,345
15 years$25,308$21,663$18,473$15,699$13,302$10,684
16 years$23,481$19,875$16,748$14,057$11,756$9,278
17 years$21,870$18,304$15,240$12,630$10,424$8,080
18 years$20,440$16,914$13,912$11,382$9,268$7,055
19 years$19,162$15,676$12,736$10,285$8,261$6,173
20 years$18,013$14,567$11,688$9,315$7,379$5,411
21 years$16,975$13,568$10,751$8,454$6,603$4,751
22 years$16,032$12,666$9,909$7,686$5,919$4,177
23 years$15,173$11,846$9,149$7,000$5,313$3,677
24 years$14,387$11,099$8,461$6,384$4,776$3,240
25 years$13,664$10,416$7,837$5,831$4,297$2,858
26 years$12,998$9,789$7,268$5,331$3,871$2,523
27 years$12,383$9,213$6,749$4,880$3,490$2,229
28 years$11,813$8,681$6,274$4,471$3,149$1,970
29 years$11,282$8,190$5,839$4,100$2,843$1,742
30 years$10,789$7,734$5,439$3,763$2,569$1,542
31 years$10,327$7,311$5,070$3,456$2,323$1,365
32 years$9,896$6,918$4,731$3,176$2,101$1,208
33 years$9,492$6,551$4,417$2,921$1,902$1,070
34 years$9,112$6,209$4,127$2,687$1,722$948
35 years$8,754$5,889$3,858$2,474$1,559$841
36 years$8,418$5,590$3,610$2,278$1,413$745
37 years$8,100$5,309$3,378$2,099$1,281$661
38 years$7,800$5,046$3,164$1,935$1,161$586
39 years$7,515$4,798$2,964$1,784$1,053$520
40 years$7,246$4,565$2,778$1,645$955$461
41 years$6,990$4,345$2,605$1,518$866$409
42 years$6,748$4,138$2,444$1,401$786$363
43 years$6,517$3,943$2,293$1,293$713$322
44 years$6,297$3,758$2,152$1,194$648$286
45 years$6,088$3,584$2,021$1,103$588$254
46 years$5,888$3,419$1,898$1,019$534$225
47 years$5,698$3,263$1,783$941$485$200
48 years$5,515$3,115$1,676$870$440$178
49 years$5,341$2,974$1,575$804$400$158
50 years$5,175$2,841$1,481$743$363$140

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $5,300,000, adding $2,898 every year, while hoping to spend $26,949 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: 65/16/19 Blend
72$5,300,000$5,300,000$5,300,000$5,300,000
73$5,843,589$5,562,689$5,480,539$6,195,350
74$6,410,962$5,806,588$5,635,464$6,675,666
75$7,035,303$6,061,534$5,794,675$7,197,008
76$7,722,396$6,328,040$5,958,288$7,766,106
77$8,478,611$6,606,645$6,126,422$8,387,636
78$9,310,968$6,897,910$6,299,196$9,066,747
79$10,227,204$7,202,424$6,476,736$9,809,101
80$11,235,841$7,520,805$6,659,169$10,620,933
81$12,346,271$7,853,698$6,846,625$11,509,104
82$13,568,842$8,201,782$7,039,239$12,481,167
83$14,914,958$8,565,763$7,237,147$13,545,436
84$16,397,184$8,946,386$7,440,492$14,711,064
85$18,029,366$9,344,427$7,649,417$15,988,128
86$19,826,759$9,760,703$7,864,071$17,387,721
87$21,806,176$10,196,065$8,084,605$18,922,060
88$23,986,142$10,651,408$8,311,175$20,604,594
89$26,387,071$11,127,669$8,543,942$22,450,133
90$29,031,455$11,625,828$8,783,067$24,474,989
91$31,944,084$12,146,914$9,028,720$26,697,121
92$35,152,270$12,692,002$9,281,072$29,136,308
93$38,686,113$13,262,221$9,540,299$31,814,336
94$42,578,779$13,858,753$9,806,582$34,755,194
95$46,866,818$14,482,835$10,080,106$37,985,308
96$51,590,505$15,135,766$10,361,060$41,533,782
97$56,794,220$15,818,902$10,649,640$45,432,672
98$62,526,872$16,533,669$10,946,044$49,717,288
99$68,842,352$17,281,559$11,250,476$54,426,526
100$75,800,051$18,064,134$11,563,145$59,603,228