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%
1 years$487,216$482,877$478,642$474,510$470,474$468,492
2 years$241,196$236,704$232,351$228,130$224,035$222,034
3 years$159,200$154,689$150,346$146,165$142,137$140,179
4 years$118,210$113,713$109,414$105,304$101,373$99,473
5 years$93,623$89,152$84,909$80,883$77,063$75,226
6 years$77,236$72,799$68,619$64,683$60,977$59,206
7 years$65,536$61,137$57,023$53,179$49,591$47,887
8 years$56,765$52,406$48,360$44,611$41,140$39,504
9 years$49,947$45,628$41,653$37,999$34,646$33,076
10 years$44,496$40,219$36,314$32,755$29,520$28,016
11 years$40,038$35,805$31,970$28,507$25,388$23,950
12 years$36,327$32,136$28,373$25,004$22,001$20,626
13 years$33,188$29,042$25,349$22,075$19,185$17,873
14 years$30,501$26,398$22,776$19,596$16,818$15,567
15 years$28,174$24,115$20,564$17,476$14,808$13,617
16 years$26,139$22,125$18,644$15,648$13,087$11,954
17 years$24,346$20,377$16,965$14,059$11,604$10,528
18 years$22,754$18,829$15,487$12,670$10,318$9,296
19 years$21,331$17,450$14,178$11,449$9,196$8,228
20 years$20,052$16,216$13,012$10,369$8,214$7,297
21 years$18,897$15,104$11,968$9,411$7,351$6,483
22 years$17,847$14,099$11,031$8,556$6,589$5,769
23 years$16,891$13,187$10,185$7,792$5,915$5,140
24 years$16,015$12,355$9,419$7,107$5,316$4,585
25 years$15,211$11,595$8,724$6,491$4,784$4,095
26 years$14,470$10,897$8,091$5,935$4,309$3,660
27 years$13,785$10,256$7,513$5,432$3,885$3,274
28 years$13,150$9,664$6,985$4,977$3,506$2,931
29 years$12,560$9,117$6,500$4,564$3,165$2,626
30 years$12,010$8,610$6,054$4,189$2,860$2,354
31 years$11,497$8,139$5,644$3,847$2,586$2,111
32 years$11,016$7,701$5,266$3,535$2,339$1,894
33 years$10,566$7,293$4,917$3,251$2,117$1,700
34 years$10,143$6,912$4,594$2,991$1,917$1,527
35 years$9,745$6,556$4,295$2,754$1,736$1,372
36 years$9,371$6,223$4,018$2,536$1,573$1,232
37 years$9,017$5,910$3,761$2,337$1,426$1,108
38 years$8,682$5,617$3,522$2,154$1,292$996
39 years$8,366$5,341$3,300$1,986$1,172$895
40 years$8,066$5,082$3,093$1,832$1,063$805
41 years$7,782$4,837$2,900$1,690$964$724
42 years$7,512$4,607$2,720$1,560$875$652
43 years$7,255$4,389$2,553$1,440$794$586
44 years$7,010$4,184$2,396$1,329$721$528
45 years$6,777$3,990$2,250$1,228$654$475
46 years$6,555$3,806$2,113$1,134$594$427
47 years$6,343$3,632$1,985$1,048$540$385
48 years$6,140$3,467$1,866$968$490$346
49 years$5,946$3,311$1,754$895$445$312
50 years$5,760$3,163$1,649$827$404$281

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 $3,645 every year, while hoping to spend $45,224 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: 49/36/15 Blend
72$5,900,000$5,900,000$5,900,000$5,900,000
73$6,505,560$6,192,860$6,101,410$6,797,142
74$7,121,009$6,448,192$6,257,689$7,253,891
75$7,797,718$6,714,520$6,417,688$7,744,791
76$8,541,888$6,992,334$6,581,483$8,277,047
77$9,360,351$7,282,148$6,749,153$8,854,557
78$10,260,633$7,584,500$6,920,776$9,481,598
79$11,251,029$7,899,952$7,096,433$10,162,875
80$12,340,674$8,229,090$7,276,204$10,903,555
81$13,539,638$8,572,530$7,460,172$11,709,320
82$14,859,013$8,930,916$7,648,420$12,586,417
83$16,311,022$9,304,920$7,841,031$13,541,712
84$17,909,131$9,695,247$8,038,091$14,582,757
85$19,668,181$10,102,633$8,239,686$15,717,857
86$21,604,523$10,527,848$8,445,902$16,956,144
87$23,736,171$10,971,700$8,656,827$18,307,667
88$26,082,980$11,435,033$8,872,550$19,783,477
89$28,666,823$11,918,729$9,093,160$21,395,733
90$31,511,805$12,423,712$9,318,747$23,157,815
91$34,644,486$12,950,951$9,549,401$25,084,444
92$38,094,131$13,501,455$9,785,214$27,191,820
93$41,892,992$14,076,286$10,026,278$29,497,771
94$46,076,604$14,676,551$10,272,685$32,021,920
95$50,684,126$15,303,411$10,524,529$34,785,864
96$55,758,709$15,958,079$10,781,902$37,813,376
97$61,347,900$16,641,828$11,044,898$41,130,627
98$67,504,095$17,355,987$11,313,612$44,766,427
99$74,285,031$18,101,949$11,588,137$48,752,492
100$81,754,332$18,881,172$11,868,567$53,123,744