Can I retire at age 73 with 5,700,000?

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$470,701$466,508$462,417$458,425$454,526$442,104
2 years$233,020$228,680$224,474$220,396$216,441$204,017
3 years$153,804$149,445$145,250$141,210$137,319$125,281
4 years$114,203$109,858$105,705$101,734$97,937$86,379
5 years$90,449$86,130$82,031$78,141$74,450$63,403
6 years$74,618$70,332$66,293$62,490$58,910$48,384
7 years$63,315$59,064$55,090$51,377$47,910$37,905
8 years$54,841$50,629$46,721$43,099$39,746$30,258
9 years$48,254$44,082$40,241$36,711$33,472$24,492
10 years$42,987$38,856$35,083$31,645$28,519$20,036
11 years$38,681$34,591$30,886$27,540$24,528$16,527
12 years$35,095$31,047$27,411$24,157$21,255$13,722
13 years$32,063$28,058$24,490$21,327$18,535$11,454
14 years$29,467$25,504$22,004$18,931$16,248$9,602
15 years$27,218$23,298$19,867$16,884$14,306$8,077
16 years$25,253$21,375$18,012$15,117$12,643$6,815
17 years$23,521$19,686$16,390$13,583$11,210$5,763
18 years$21,983$18,191$14,962$12,241$9,968$4,884
19 years$20,608$16,859$13,697$11,061$8,885$4,146
20 years$19,372$15,666$12,571$10,018$7,936$3,524
21 years$18,256$14,592$11,563$9,092$7,102$2,999
22 years$17,242$13,621$10,657$8,266$6,366$2,555
23 years$16,318$12,740$9,840$7,528$5,714$2,179
24 years$15,472$11,936$9,100$6,866$5,136$1,859
25 years$14,695$11,202$8,428$6,271$4,622$1,587
26 years$13,979$10,528$7,817$5,734$4,163$1,356
27 years$13,318$9,908$7,259$5,248$3,753$1,159
28 years$12,704$9,336$6,748$4,808$3,387$991
29 years$12,134$8,808$6,279$4,409$3,058$848
30 years$11,603$8,318$5,849$4,047$2,763$725
31 years$11,107$7,863$5,453$3,717$2,498$620
32 years$10,643$7,440$5,088$3,416$2,260$531
33 years$10,208$7,046$4,750$3,141$2,045$455
34 years$9,799$6,678$4,438$2,890$1,852$389
35 years$9,415$6,334$4,150$2,660$1,677$333
36 years$9,053$6,012$3,882$2,450$1,520$285
37 years$8,711$5,710$3,633$2,257$1,377$244
38 years$8,388$5,426$3,403$2,081$1,249$209
39 years$8,082$5,160$3,188$1,919$1,132$179
40 years$7,793$4,909$2,988$1,770$1,027$154
41 years$7,518$4,673$2,802$1,633$932$132
42 years$7,257$4,451$2,628$1,507$845$113
43 years$7,009$4,241$2,466$1,391$767$97
44 years$6,772$4,042$2,315$1,284$696$83
45 years$6,547$3,855$2,174$1,186$632$71
46 years$6,333$3,677$2,042$1,096$574$61
47 years$6,128$3,509$1,918$1,012$521$52
48 years$5,932$3,350$1,802$935$473$45
49 years$5,744$3,199$1,694$864$430$38
50 years$5,565$3,056$1,593$799$391$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $5,700,000, adding $6,871 every year, while hoping to spend $21,494 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: 48/25/27 Blend
72$5,700,000$5,700,000$5,700,000$5,700,000
73$6,288,487$5,986,387$5,898,037$6,541,608
74$6,907,044$6,256,851$6,072,752$6,990,587
75$7,587,972$6,539,847$6,252,600$7,475,223
76$8,337,613$6,835,966$6,437,729$8,001,121
77$9,162,950$7,145,829$6,628,293$8,572,183
78$10,071,680$7,470,085$6,824,451$9,192,694
79$11,072,286$7,809,414$7,026,365$9,867,363
80$12,174,113$8,164,528$7,234,201$10,601,369
81$13,387,458$8,536,175$7,448,132$11,400,402
82$14,723,669$8,925,138$7,668,335$12,270,719
83$16,195,250$9,332,237$7,894,991$13,219,201
84$17,815,981$9,758,332$8,128,289$14,253,413
85$19,601,043$10,204,323$8,368,419$15,381,677
86$21,567,169$10,671,154$8,615,580$16,613,145
87$23,732,794$11,159,814$8,869,976$17,957,887
88$26,118,235$11,671,341$9,131,816$19,426,979
89$28,745,879$12,206,821$9,401,316$21,032,607
90$31,640,395$12,767,391$9,678,697$22,788,183
91$34,828,969$13,354,247$9,964,186$24,708,461
92$38,341,557$13,968,638$10,258,020$26,809,682
93$42,211,169$14,611,875$10,560,437$29,109,718
94$46,474,184$15,285,333$10,871,687$31,628,240
95$51,170,687$15,990,450$11,192,025$34,386,902
96$56,344,851$16,728,736$11,521,712$37,409,538
97$62,045,355$17,501,773$11,861,018$40,722,387
98$68,325,839$18,311,219$12,210,221$44,354,336
99$75,245,417$19,158,811$12,569,605$48,337,188
100$82,869,228$20,046,371$12,939,465$52,705,959