Can I retire at age 73 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$462,443$458,324$454,305$450,382$446,552$442,257
2 years$228,932$224,668$220,536$216,530$212,644$208,317
3 years$151,105$146,823$142,702$138,733$134,910$130,685
4 years$112,200$107,931$103,850$99,949$96,219$92,130
5 years$88,862$84,619$80,592$76,771$73,144$69,202
6 years$73,309$69,098$65,130$61,394$57,876$54,086
7 years$62,204$58,028$54,124$50,475$47,069$43,432
8 years$53,879$49,741$45,901$42,343$39,048$35,565
9 years$47,408$43,308$39,535$36,066$32,884$29,553
10 years$42,233$38,174$34,467$31,090$28,019$24,838
11 years$38,003$33,984$30,344$27,057$24,097$21,065
12 years$34,480$30,502$26,930$23,733$20,882$17,994
13 years$31,501$27,565$24,060$20,953$18,210$15,463
14 years$28,950$25,056$21,618$18,599$15,963$13,354
15 years$26,741$22,889$19,518$16,587$14,055$11,580
16 years$24,810$21,000$17,696$14,852$12,422$10,076
17 years$23,108$19,341$16,103$13,345$11,014$8,794
18 years$21,597$17,872$14,700$12,026$9,793$7,695
19 years$20,247$16,563$13,457$10,867$8,729$6,748
20 years$19,033$15,391$12,350$9,842$7,797$5,928
21 years$17,936$14,336$11,360$8,932$6,977$5,216
22 years$16,940$13,383$10,470$8,121$6,254$4,597
23 years$16,032$12,516$9,667$7,396$5,614$4,056
24 years$15,201$11,727$8,940$6,746$5,046$3,582
25 years$14,438$11,005$8,280$6,161$4,541$3,167
26 years$13,734$10,343$7,680$5,633$4,090$2,802
27 years$13,084$9,734$7,131$5,156$3,687$2,481
28 years$12,481$9,172$6,629$4,724$3,327$2,199
29 years$11,921$8,653$6,169$4,332$3,004$1,949
30 years$11,399$8,172$5,746$3,976$2,715$1,729
31 years$10,912$7,725$5,357$3,651$2,454$1,534
32 years$10,456$7,310$4,998$3,356$2,220$1,362
33 years$10,029$6,922$4,667$3,086$2,009$1,209
34 years$9,627$6,561$4,361$2,839$1,819$1,074
35 years$9,250$6,223$4,077$2,614$1,648$955
36 years$8,894$5,906$3,814$2,407$1,493$848
37 years$8,558$5,610$3,570$2,218$1,353$754
38 years$8,241$5,331$3,343$2,044$1,227$671
39 years$7,941$5,069$3,132$1,885$1,112$596
40 years$7,656$4,823$2,936$1,739$1,009$530
41 years$7,386$4,591$2,753$1,604$915$472
42 years$7,130$4,372$2,582$1,480$831$420
43 years$6,886$4,166$2,423$1,367$754$373
44 years$6,654$3,971$2,274$1,262$684$332
45 years$6,432$3,787$2,135$1,165$621$296
46 years$6,221$3,613$2,006$1,076$564$263
47 years$6,020$3,447$1,884$994$512$234
48 years$5,828$3,291$1,771$919$465$208
49 years$5,644$3,143$1,664$849$422$186
50 years$5,468$3,002$1,565$785$384$165

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $5,600,000, adding $3,222 every year, while hoping to spend $27,455 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: 66/19/15 Blend
72$5,600,000$5,600,000$5,600,000$5,600,000
73$6,174,523$5,877,723$5,790,923$6,559,810
74$6,775,113$6,136,520$5,955,708$7,076,414
75$7,436,042$6,407,077$6,125,092$7,637,380
76$8,163,438$6,689,943$6,299,201$8,249,875
77$8,964,048$6,985,690$6,478,164$8,918,944
78$9,845,311$7,294,918$6,662,112$9,650,136
79$10,815,420$7,618,258$6,851,181$10,449,556
80$11,883,407$7,956,366$7,045,509$11,323,926
81$13,059,219$8,309,933$7,245,239$12,280,641
82$14,353,822$8,679,681$7,450,516$13,327,842
83$15,779,294$9,066,368$7,661,491$14,474,490
84$17,348,948$9,470,787$7,878,317$15,730,448
85$19,077,452$9,893,767$8,101,152$17,106,575
86$20,980,970$10,336,178$8,330,158$18,614,826
87$23,077,310$10,798,933$8,565,500$20,268,361
88$25,386,101$11,282,986$8,807,350$22,081,673
89$27,928,968$11,789,336$9,055,880$24,070,716
90$30,729,742$12,319,033$9,311,271$26,253,060
91$33,814,683$12,873,174$9,573,707$28,648,053
92$37,212,730$13,452,908$9,843,375$31,276,999
93$40,955,769$14,059,441$10,120,468$34,163,362
94$45,078,939$14,694,035$10,405,186$37,332,981
95$49,620,962$15,358,014$10,697,731$40,814,314
96$54,624,506$16,052,763$10,998,311$44,638,704
97$60,136,591$16,779,734$11,307,139$48,840,671
98$66,209,031$17,540,448$11,624,436$53,458,238
99$72,898,922$18,336,501$11,950,425$58,533,286
100$80,269,185$19,169,562$12,285,337$64,111,946