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

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$462,443$458,324$454,305$450,382$446,552$432,084
2 years$228,932$224,668$220,536$216,530$212,644$198,204
3 years$151,105$146,823$142,702$138,733$134,910$120,951
4 years$112,200$107,931$103,850$99,949$96,219$82,847
5 years$88,862$84,619$80,592$76,771$73,144$60,396
6 years$73,309$69,098$65,130$61,394$57,876$45,762
7 years$62,204$58,028$54,124$50,475$47,069$35,587
8 years$53,879$49,741$45,901$42,343$39,048$28,191
9 years$47,408$43,308$39,535$36,066$32,884$22,639
10 years$42,233$38,174$34,467$31,090$28,019$18,370
11 years$38,003$33,984$30,344$27,057$24,097$15,026
12 years$34,480$30,502$26,930$23,733$20,882$12,370
13 years$31,501$27,565$24,060$20,953$18,210$10,234
14 years$28,950$25,056$21,618$18,599$15,963$8,503
15 years$26,741$22,889$19,518$16,587$14,055$7,087
16 years$24,810$21,000$17,696$14,852$12,422$5,924
17 years$23,108$19,341$16,103$13,345$11,014$4,963
18 years$21,597$17,872$14,700$12,026$9,793$4,165
19 years$20,247$16,563$13,457$10,867$8,729$3,501
20 years$19,033$15,391$12,350$9,842$7,797$2,947
21 years$17,936$14,336$11,360$8,932$6,977$2,483
22 years$16,940$13,383$10,470$8,121$6,254$2,094
23 years$16,032$12,516$9,667$7,396$5,614$1,767
24 years$15,201$11,727$8,940$6,746$5,046$1,493
25 years$14,438$11,005$8,280$6,161$4,541$1,261
26 years$13,734$10,343$7,680$5,633$4,090$1,066
27 years$13,084$9,734$7,131$5,156$3,687$902
28 years$12,481$9,172$6,629$4,724$3,327$763
29 years$11,921$8,653$6,169$4,332$3,004$645
30 years$11,399$8,172$5,746$3,976$2,715$546
31 years$10,912$7,725$5,357$3,651$2,454$462
32 years$10,456$7,310$4,998$3,356$2,220$392
33 years$10,029$6,922$4,667$3,086$2,009$332
34 years$9,627$6,561$4,361$2,839$1,819$281
35 years$9,250$6,223$4,077$2,614$1,648$238
36 years$8,894$5,906$3,814$2,407$1,493$201
37 years$8,558$5,610$3,570$2,218$1,353$171
38 years$8,241$5,331$3,343$2,044$1,227$145
39 years$7,941$5,069$3,132$1,885$1,112$122
40 years$7,656$4,823$2,936$1,739$1,009$104
41 years$7,386$4,591$2,753$1,604$915$88
42 years$7,130$4,372$2,582$1,480$831$75
43 years$6,886$4,166$2,423$1,367$754$63
44 years$6,654$3,971$2,274$1,262$684$53
45 years$6,432$3,787$2,135$1,165$621$45
46 years$6,221$3,613$2,006$1,076$564$38
47 years$6,020$3,447$1,884$994$512$33
48 years$5,828$3,291$1,771$919$465$28
49 years$5,644$3,143$1,664$849$422$23
50 years$5,468$3,002$1,565$785$384$20

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 $2,506 every year, while hoping to spend $54,817 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: 48/40/12 Blend
72$5,600,000$5,600,000$5,600,000$5,600,000
73$6,173,785$5,876,985$5,790,185$6,449,579
74$6,745,186$6,106,632$5,925,831$6,869,431
75$7,373,033$6,345,695$6,064,185$7,319,140
76$8,063,025$6,594,577$6,205,278$7,806,185
77$8,821,442$6,853,699$6,349,142$8,334,069
78$9,655,200$7,123,502$6,495,810$8,906,639
79$10,571,923$7,404,446$6,645,312$9,528,124
80$11,580,005$7,697,010$6,797,676$10,203,172
81$12,688,699$8,001,697$6,952,931$10,936,888
82$13,908,197$8,319,030$7,111,105$11,734,889
83$15,249,729$8,649,559$7,272,223$12,603,349
84$16,725,668$8,993,854$7,436,310$13,549,055
85$18,349,649$9,352,515$7,603,388$14,579,472
86$20,136,690$9,726,166$7,773,479$15,702,812
87$22,103,345$10,115,461$7,946,603$16,928,106
88$24,267,849$10,521,081$8,122,777$18,265,289
89$26,650,296$10,943,740$8,302,016$19,725,291
90$29,272,827$11,384,184$8,484,335$21,320,139
91$32,159,839$11,843,192$8,669,743$23,063,065
92$35,338,213$12,321,579$8,858,250$24,968,634
93$38,837,570$12,820,197$9,049,861$27,052,870
94$42,690,550$13,339,934$9,244,579$29,333,414
95$46,933,118$13,881,722$9,442,404$31,829,679
96$51,604,903$14,446,534$9,643,333$34,563,037
97$56,749,576$15,035,387$9,847,357$37,557,013
98$62,415,256$15,649,345$10,054,467$40,837,505
99$68,654,969$16,289,519$10,264,648$44,433,028
100$75,527,142$16,957,072$10,477,880$48,374,973