Can I retire at age 73 with 5,400,000?

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$445,927$441,955$438,080$434,297$430,604$414,666
2 years$220,756$216,645$212,660$208,797$205,049$189,172
3 years$145,709$141,580$137,605$133,778$130,092$114,775
4 years$108,192$104,076$100,141$96,380$92,783$78,143
5 years$85,689$81,597$77,714$74,029$70,532$56,607
6 years$70,691$66,630$62,804$59,201$55,809$42,609
7 years$59,983$55,956$52,191$48,673$45,388$32,909
8 years$51,955$47,964$44,262$40,830$37,654$25,885
9 years$45,714$41,762$38,123$34,778$31,710$20,635
10 years$40,725$36,811$33,236$29,979$27,018$16,617
11 years$36,645$32,771$29,261$26,091$23,237$13,487
12 years$33,248$29,413$25,968$22,885$20,136$11,014
13 years$30,376$26,581$23,201$20,204$17,559$9,039
14 years$27,916$24,161$20,846$17,935$15,392$7,447
15 years$25,786$22,072$18,821$15,995$13,553$6,155
16 years$23,924$20,250$17,064$14,322$11,978$5,100
17 years$22,283$18,650$15,528$12,868$10,620$4,235
18 years$20,826$17,233$14,175$11,597$9,443$3,522
19 years$19,523$15,972$12,976$10,479$8,417$2,934
20 years$18,353$14,842$11,909$9,490$7,518$2,447
21 years$17,295$13,824$10,954$8,613$6,728$2,043
22 years$16,335$12,905$10,096$7,831$6,031$1,707
23 years$15,459$12,069$9,322$7,132$5,413$1,427
24 years$14,658$11,308$8,621$6,505$4,866$1,194
25 years$13,922$10,612$7,985$5,941$4,378$999
26 years$13,244$9,974$7,405$5,432$3,944$836
27 years$12,617$9,386$6,877$4,972$3,556$700
28 years$12,035$8,845$6,393$4,555$3,208$587
29 years$11,495$8,344$5,949$4,177$2,897$492
30 years$10,992$7,880$5,541$3,834$2,618$412
31 years$10,522$7,449$5,166$3,521$2,367$345
32 years$10,083$7,049$4,820$3,236$2,141$290
33 years$9,671$6,675$4,500$2,976$1,937$243
34 years$9,284$6,326$4,205$2,738$1,754$204
35 years$8,920$6,001$3,931$2,520$1,589$171
36 years$8,576$5,695$3,678$2,321$1,440$143
37 years$8,253$5,409$3,442$2,139$1,305$120
38 years$7,947$5,141$3,223$1,971$1,183$101
39 years$7,657$4,888$3,020$1,818$1,073$84
40 years$7,383$4,651$2,831$1,676$973$71
41 years$7,122$4,427$2,654$1,547$883$59
42 years$6,875$4,216$2,490$1,427$801$50
43 years$6,640$4,017$2,336$1,318$727$42
44 years$6,416$3,829$2,193$1,217$660$35
45 years$6,203$3,652$2,059$1,124$599$29
46 years$5,999$3,484$1,934$1,038$544$25
47 years$5,805$3,324$1,817$959$494$21
48 years$5,619$3,174$1,707$886$448$17
49 years$5,442$3,031$1,605$819$407$15
50 years$5,272$2,895$1,509$757$370$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $5,400,000, adding $2,224 every year, while hoping to spend $48,199 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: 64/26/10 Blend
72$5,400,000$5,400,000$5,400,000$5,400,000
73$5,953,094$5,666,894$5,583,194$6,321,023
74$6,509,026$5,893,289$5,718,948$6,793,248
75$7,120,048$6,129,161$5,857,634$7,302,986
76$7,791,728$6,374,925$5,999,299$7,858,514
77$8,530,200$6,631,012$6,143,992$8,464,283
78$9,342,224$6,897,875$6,291,759$9,125,187
79$10,235,245$7,175,985$6,442,647$9,846,612
80$11,217,468$7,465,836$6,596,704$10,634,484
81$12,297,932$7,767,944$6,753,975$11,495,323
82$13,486,596$8,082,849$6,914,509$12,436,305
83$14,794,434$8,411,113$7,078,349$13,465,329
84$16,233,535$8,753,327$7,245,543$14,591,087
85$17,817,222$9,110,106$7,416,135$15,823,148
86$19,560,173$9,482,095$7,590,170$17,172,044
87$21,478,561$9,869,968$7,767,691$18,649,370
88$23,590,206$10,274,429$7,948,741$20,267,893
89$25,914,747$10,696,215$8,133,363$22,041,666
90$28,473,817$11,136,097$8,321,597$23,986,164
91$31,291,260$11,594,879$8,513,484$26,118,426
92$34,393,345$12,073,404$8,709,062$28,457,213
93$37,809,019$12,572,554$8,908,369$31,023,186
94$41,570,180$13,093,250$9,111,440$33,839,096
95$45,711,976$13,636,457$9,318,311$36,930,001
96$50,273,136$14,203,182$9,529,013$40,323,493
97$55,296,339$14,794,481$9,743,578$44,049,964
98$60,828,612$15,411,457$9,962,034$48,142,884
99$66,921,776$16,055,264$10,184,408$52,639,122
100$73,632,935$16,727,110$10,410,724$57,579,283