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

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$470,701$466,508$462,417$458,425$454,526$444,622
2 years$233,020$228,680$224,474$220,396$216,441$206,513
3 years$153,804$149,445$145,250$141,210$137,319$127,677
4 years$114,203$109,858$105,705$101,734$97,937$88,655
5 years$90,449$86,130$82,031$78,141$74,450$65,554
6 years$74,618$70,332$66,293$62,490$58,910$50,409
7 years$63,315$59,064$55,090$51,377$47,910$39,806
8 years$54,841$50,629$46,721$43,099$39,746$32,036
9 years$48,254$44,082$40,241$36,711$33,472$26,151
10 years$42,987$38,856$35,083$31,645$28,519$21,580
11 years$38,681$34,591$30,886$27,540$24,528$17,960
12 years$35,095$31,047$27,411$24,157$21,255$15,050
13 years$32,063$28,058$24,490$21,327$18,535$12,680
14 years$29,467$25,504$22,004$18,931$16,248$10,732
15 years$27,218$23,298$19,867$16,884$14,306$9,117
16 years$25,253$21,375$18,012$15,117$12,643$7,769
17 years$23,521$19,686$16,390$13,583$11,210$6,638
18 years$21,983$18,191$14,962$12,241$9,968$5,683
19 years$20,608$16,859$13,697$11,061$8,885$4,875
20 years$19,372$15,666$12,571$10,018$7,936$4,188
21 years$18,256$14,592$11,563$9,092$7,102$3,603
22 years$17,242$13,621$10,657$8,266$6,366$3,103
23 years$16,318$12,740$9,840$7,528$5,714$2,675
24 years$15,472$11,936$9,100$6,866$5,136$2,308
25 years$14,695$11,202$8,428$6,271$4,622$1,993
26 years$13,979$10,528$7,817$5,734$4,163$1,722
27 years$13,318$9,908$7,259$5,248$3,753$1,488
28 years$12,704$9,336$6,748$4,808$3,387$1,287
29 years$12,134$8,808$6,279$4,409$3,058$1,113
30 years$11,603$8,318$5,849$4,047$2,763$964
31 years$11,107$7,863$5,453$3,717$2,498$834
32 years$10,643$7,440$5,088$3,416$2,260$722
33 years$10,208$7,046$4,750$3,141$2,045$626
34 years$9,799$6,678$4,438$2,890$1,852$542
35 years$9,415$6,334$4,150$2,660$1,677$470
36 years$9,053$6,012$3,882$2,450$1,520$407
37 years$8,711$5,710$3,633$2,257$1,377$353
38 years$8,388$5,426$3,403$2,081$1,249$306
39 years$8,082$5,160$3,188$1,919$1,132$265
40 years$7,793$4,909$2,988$1,770$1,027$230
41 years$7,518$4,673$2,802$1,633$932$199
42 years$7,257$4,451$2,628$1,507$845$173
43 years$7,009$4,241$2,466$1,391$767$150
44 years$6,772$4,042$2,315$1,284$696$130
45 years$6,547$3,855$2,174$1,186$632$112
46 years$6,333$3,677$2,042$1,096$574$98
47 years$6,128$3,509$1,918$1,012$521$85
48 years$5,932$3,350$1,802$935$473$73
49 years$5,744$3,199$1,694$864$430$64
50 years$5,565$3,056$1,593$799$391$55

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 $2,418 every year, while hoping to spend $48,384 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: 48/39/13 Blend
72$5,700,000$5,700,000$5,700,000$5,700,000
73$6,283,894$5,981,794$5,893,444$6,562,774
74$6,873,371$6,223,422$6,039,394$6,996,954
75$7,521,353$6,475,268$6,188,612$7,462,909
76$8,233,757$6,737,781$6,341,156$7,967,755
77$9,017,100$7,011,433$6,497,085$8,515,140
78$9,878,564$7,296,713$6,656,458$9,109,073
79$10,826,063$7,594,137$6,819,334$9,753,957
80$11,868,312$7,904,240$6,985,772$10,454,630
81$13,014,917$8,227,586$7,155,833$11,216,413
82$14,276,462$8,564,760$7,329,576$12,045,150
83$15,664,605$8,916,378$7,507,061$12,947,269
84$17,192,196$9,283,081$7,688,349$13,929,837
85$18,873,389$9,665,541$7,873,498$15,000,626
86$20,723,783$10,064,461$8,062,569$16,168,180
87$22,760,565$10,480,576$8,255,620$17,441,901
88$25,002,671$10,914,653$8,452,713$18,832,126
89$27,470,969$11,367,496$8,653,904$20,350,233
90$30,188,451$11,839,947$8,859,253$22,008,733
91$33,180,453$12,332,884$9,068,818$23,821,397
92$36,474,892$12,847,228$9,282,656$25,803,375
93$40,102,529$13,383,940$9,500,823$27,971,342
94$44,097,262$13,944,029$9,723,376$30,343,646
95$48,496,443$14,528,546$9,950,368$32,940,485
96$53,341,229$15,138,594$10,181,855$35,784,086
97$58,676,976$15,775,326$10,417,888$38,898,921
98$64,553,659$16,439,949$10,658,520$42,311,925
99$71,026,351$17,133,725$10,903,798$46,052,752
100$78,155,735$17,857,974$11,153,772$50,154,050