Can I retire at age 73 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$487,216$482,877$478,642$474,510$470,474$467,118
2 years$241,196$236,704$232,351$228,130$224,035$220,651
3 years$159,200$154,689$150,346$146,165$142,137$138,829
4 years$118,210$113,713$109,414$105,304$101,373$98,168
5 years$93,623$89,152$84,909$80,883$77,063$73,969
6 years$77,236$72,799$68,619$64,683$60,977$57,999
7 years$65,536$61,137$57,023$53,179$49,591$46,729
8 years$56,765$52,406$48,360$44,611$41,140$38,396
9 years$49,947$45,628$41,653$37,999$34,646$32,018
10 years$44,496$40,219$36,314$32,755$29,520$27,007
11 years$40,038$35,805$31,970$28,507$25,388$22,988
12 years$36,327$32,136$28,373$25,004$22,001$19,712
13 years$33,188$29,042$25,349$22,075$19,185$17,005
14 years$30,501$26,398$22,776$19,596$16,818$14,743
15 years$28,174$24,115$20,564$17,476$14,808$12,836
16 years$26,139$22,125$18,644$15,648$13,087$11,216
17 years$24,346$20,377$16,965$14,059$11,604$9,830
18 years$22,754$18,829$15,487$12,670$10,318$8,637
19 years$21,331$17,450$14,178$11,449$9,196$7,607
20 years$20,052$16,216$13,012$10,369$8,214$6,712
21 years$18,897$15,104$11,968$9,411$7,351$5,933
22 years$17,847$14,099$11,031$8,556$6,589$5,252
23 years$16,891$13,187$10,185$7,792$5,915$4,655
24 years$16,015$12,355$9,419$7,107$5,316$4,130
25 years$15,211$11,595$8,724$6,491$4,784$3,669
26 years$14,470$10,897$8,091$5,935$4,309$3,261
27 years$13,785$10,256$7,513$5,432$3,885$2,902
28 years$13,150$9,664$6,985$4,977$3,506$2,583
29 years$12,560$9,117$6,500$4,564$3,165$2,301
30 years$12,010$8,610$6,054$4,189$2,860$2,051
31 years$11,497$8,139$5,644$3,847$2,586$1,829
32 years$11,016$7,701$5,266$3,535$2,339$1,632
33 years$10,566$7,293$4,917$3,251$2,117$1,456
34 years$10,143$6,912$4,594$2,991$1,917$1,300
35 years$9,745$6,556$4,295$2,754$1,736$1,161
36 years$9,371$6,223$4,018$2,536$1,573$1,037
37 years$9,017$5,910$3,761$2,337$1,426$927
38 years$8,682$5,617$3,522$2,154$1,292$828
39 years$8,366$5,341$3,300$1,986$1,172$740
40 years$8,066$5,082$3,093$1,832$1,063$662
41 years$7,782$4,837$2,900$1,690$964$592
42 years$7,512$4,607$2,720$1,560$875$529
43 years$7,255$4,389$2,553$1,440$794$473
44 years$7,010$4,184$2,396$1,329$721$423
45 years$6,777$3,990$2,250$1,228$654$379
46 years$6,555$3,806$2,113$1,134$594$339
47 years$6,343$3,632$1,985$1,048$540$303
48 years$6,140$3,467$1,866$968$490$271
49 years$5,946$3,311$1,754$895$445$243
50 years$5,760$3,163$1,649$827$404$217

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $5,900,000, adding $6,379 every year, while hoping to spend $22,828 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: 79/13/8 Blend
72$5,900,000$5,900,000$5,900,000$5,900,000
73$6,508,380$6,195,680$6,104,230$7,015,078
74$7,147,946$6,474,979$6,284,433$7,627,626
75$7,851,982$6,767,200$6,469,907$8,295,799
76$8,627,042$7,072,949$6,660,806$9,028,100
77$9,480,343$7,392,867$6,857,286$9,830,912
78$10,419,841$7,727,620$7,059,508$10,711,265
79$11,454,301$8,077,910$7,267,639$11,676,901
80$12,593,384$8,444,472$7,481,848$12,736,342
81$13,847,731$8,828,073$7,702,312$13,898,974
82$15,229,071$9,229,520$7,929,211$15,175,131
83$16,750,327$9,649,657$8,162,730$16,576,196
84$18,425,739$10,089,369$8,403,061$18,114,701
85$20,271,001$10,549,585$8,650,400$19,804,452
86$22,303,403$11,031,274$8,904,948$21,660,651
87$24,542,000$11,535,456$9,166,914$23,700,043
88$27,007,789$12,063,199$9,436,510$25,941,070
89$29,723,907$12,615,619$9,713,957$28,404,047
90$32,715,851$13,193,890$9,999,480$31,111,349
91$36,011,716$13,799,239$10,293,311$34,087,621
92$39,642,464$14,432,954$10,595,689$37,360,014
93$43,642,210$15,096,384$10,906,860$40,958,433
94$48,048,552$15,790,943$11,227,076$44,915,822
95$52,902,918$16,518,113$11,556,597$49,268,472
96$58,250,961$17,279,447$11,895,689$54,056,363
97$64,142,992$18,076,572$12,244,627$59,323,536
98$70,634,448$18,911,195$12,603,693$65,118,513
99$77,786,422$19,785,104$12,973,177$71,494,747
100$85,666,236$20,700,173$13,353,377$78,511,127