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

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$445,927$441,955$438,080$434,297$430,604$421,393
2 years$220,756$216,645$212,660$208,797$205,049$195,814
3 years$145,709$141,580$137,605$133,778$130,092$121,121
4 years$108,192$104,076$100,141$96,380$92,783$84,145
5 years$85,689$81,597$77,714$74,029$70,532$62,252
6 years$70,691$66,630$62,804$59,201$55,809$47,896
7 years$59,983$55,956$52,191$48,673$45,388$37,843
8 years$51,955$47,964$44,262$40,830$37,654$30,474
9 years$45,714$41,762$38,123$34,778$31,710$24,891
10 years$40,725$36,811$33,236$29,979$27,018$20,553
11 years$36,645$32,771$29,261$26,091$23,237$17,116
12 years$33,248$29,413$25,968$22,885$20,136$14,352
13 years$30,376$26,581$23,201$20,204$17,559$12,100
14 years$27,916$24,161$20,846$17,935$15,392$10,248
15 years$25,786$22,072$18,821$15,995$13,553$8,712
16 years$23,924$20,250$17,064$14,322$11,978$7,429
17 years$22,283$18,650$15,528$12,868$10,620$6,352
18 years$20,826$17,233$14,175$11,597$9,443$5,443
19 years$19,523$15,972$12,976$10,479$8,417$4,672
20 years$18,353$14,842$11,909$9,490$7,518$4,017
21 years$17,295$13,824$10,954$8,613$6,728$3,458
22 years$16,335$12,905$10,096$7,831$6,031$2,981
23 years$15,459$12,069$9,322$7,132$5,413$2,572
24 years$14,658$11,308$8,621$6,505$4,866$2,221
25 years$13,922$10,612$7,985$5,941$4,378$1,919
26 years$13,244$9,974$7,405$5,432$3,944$1,659
27 years$12,617$9,386$6,877$4,972$3,556$1,435
28 years$12,035$8,845$6,393$4,555$3,208$1,242
29 years$11,495$8,344$5,949$4,177$2,897$1,076
30 years$10,992$7,880$5,541$3,834$2,618$932
31 years$10,522$7,449$5,166$3,521$2,367$807
32 years$10,083$7,049$4,820$3,236$2,141$699
33 years$9,671$6,675$4,500$2,976$1,937$606
34 years$9,284$6,326$4,205$2,738$1,754$526
35 years$8,920$6,001$3,931$2,520$1,589$456
36 years$8,576$5,695$3,678$2,321$1,440$395
37 years$8,253$5,409$3,442$2,139$1,305$343
38 years$7,947$5,141$3,223$1,971$1,183$297
39 years$7,657$4,888$3,020$1,818$1,073$258
40 years$7,383$4,651$2,831$1,676$973$224
41 years$7,122$4,427$2,654$1,547$883$194
42 years$6,875$4,216$2,490$1,427$801$169
43 years$6,640$4,017$2,336$1,318$727$146
44 years$6,416$3,829$2,193$1,217$660$127
45 years$6,203$3,652$2,059$1,124$599$110
46 years$5,999$3,484$1,934$1,038$544$96
47 years$5,805$3,324$1,817$959$494$83
48 years$5,619$3,174$1,707$886$448$72
49 years$5,442$3,031$1,605$819$407$62
50 years$5,272$2,895$1,509$757$370$54

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 $3,796 every year, while hoping to spend $59,427 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: 72/14/14 Blend
72$5,400,000$5,400,000$5,400,000$5,400,000
73$5,954,716$5,668,516$5,584,816$6,364,922
74$6,498,867$5,883,043$5,708,677$6,851,807
75$7,096,529$6,106,090$5,834,696$7,377,176
76$7,753,099$6,338,013$5,962,882$7,950,907
77$8,474,520$6,579,180$6,093,244$8,577,771
78$9,267,340$6,829,979$6,225,786$9,263,022
79$10,138,773$7,090,812$6,360,514$10,012,443
80$11,096,766$7,362,100$6,497,429$10,832,402
81$12,150,075$7,644,281$6,636,532$11,729,911
82$13,308,347$7,937,816$6,777,820$12,712,692
83$14,582,210$8,243,180$6,921,289$13,789,248
84$15,983,374$8,560,875$7,066,931$14,968,940
85$17,524,741$8,891,420$7,214,736$16,262,083
86$19,220,526$9,235,361$7,364,691$17,680,033
87$21,086,391$9,593,265$7,516,779$19,235,298
88$23,139,593$9,965,726$7,670,982$20,941,655
89$25,399,148$10,353,362$7,827,276$22,814,280
90$27,886,005$10,756,822$7,985,634$24,869,887
91$30,623,250$11,176,779$8,146,025$27,126,887
92$33,636,320$11,613,939$8,308,416$29,605,561
93$36,953,243$12,069,040$8,472,765$32,328,252
94$40,604,901$12,542,850$8,639,030$35,319,569
95$44,625,324$13,036,173$8,807,161$38,606,625
96$49,052,011$13,549,849$8,977,105$42,219,287
97$53,926,279$14,084,755$9,148,800$46,190,460
98$59,293,657$14,641,806$9,322,184$50,556,394
99$65,204,316$15,221,960$9,497,182$55,357,025
100$71,713,537$15,826,217$9,673,719$60,636,353