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%14.1%
1 years$487,216$482,877$478,642$474,510$470,474$462,490
2 years$241,196$236,704$232,351$228,130$224,035$216,016
3 years$159,200$154,689$150,346$146,165$142,137$134,332
4 years$118,210$113,713$109,414$105,304$101,373$93,843
5 years$93,623$89,152$84,909$80,883$77,063$69,829
6 years$77,236$72,799$68,619$64,683$60,977$54,048
7 years$65,536$61,137$57,023$53,179$49,591$42,968
8 years$56,765$52,406$48,360$44,611$41,140$34,823
9 years$49,947$45,628$41,653$37,999$34,646$28,630
10 years$44,496$40,219$36,314$32,755$29,520$23,801
11 years$40,038$35,805$31,970$28,507$25,388$19,959
12 years$36,327$32,136$28,373$25,004$22,001$16,855
13 years$33,188$29,042$25,349$22,075$19,185$14,315
14 years$30,501$26,398$22,776$19,596$16,818$12,215
15 years$28,174$24,115$20,564$17,476$14,808$10,463
16 years$26,139$22,125$18,644$15,648$13,087$8,992
17 years$24,346$20,377$16,965$14,059$11,604$7,749
18 years$22,754$18,829$15,487$12,670$10,318$6,693
19 years$21,331$17,450$14,178$11,449$9,196$5,792
20 years$20,052$16,216$13,012$10,369$8,214$5,021
21 years$18,897$15,104$11,968$9,411$7,351$4,359
22 years$17,847$14,099$11,031$8,556$6,589$3,789
23 years$16,891$13,187$10,185$7,792$5,915$3,297
24 years$16,015$12,355$9,419$7,107$5,316$2,872
25 years$15,211$11,595$8,724$6,491$4,784$2,503
26 years$14,470$10,897$8,091$5,935$4,309$2,184
27 years$13,785$10,256$7,513$5,432$3,885$1,906
28 years$13,150$9,664$6,985$4,977$3,506$1,664
29 years$12,560$9,117$6,500$4,564$3,165$1,454
30 years$12,010$8,610$6,054$4,189$2,860$1,271
31 years$11,497$8,139$5,644$3,847$2,586$1,111
32 years$11,016$7,701$5,266$3,535$2,339$972
33 years$10,566$7,293$4,917$3,251$2,117$850
34 years$10,143$6,912$4,594$2,991$1,917$744
35 years$9,745$6,556$4,295$2,754$1,736$651
36 years$9,371$6,223$4,018$2,536$1,573$570
37 years$9,017$5,910$3,761$2,337$1,426$499
38 years$8,682$5,617$3,522$2,154$1,292$437
39 years$8,366$5,341$3,300$1,986$1,172$383
40 years$8,066$5,082$3,093$1,832$1,063$335
41 years$7,782$4,837$2,900$1,690$964$293
42 years$7,512$4,607$2,720$1,560$875$257
43 years$7,255$4,389$2,553$1,440$794$225
44 years$7,010$4,184$2,396$1,329$721$197
45 years$6,777$3,990$2,250$1,228$654$173
46 years$6,555$3,806$2,113$1,134$594$151
47 years$6,343$3,632$1,985$1,048$540$133
48 years$6,140$3,467$1,866$968$490$116
49 years$5,946$3,311$1,754$895$445$102
50 years$5,760$3,163$1,649$827$404$89

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 $6,411 every year, while hoping to spend $54,944 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: 80/7/13 Blend
72$5,900,000$5,900,000$5,900,000$5,900,000
73$6,508,413$6,195,713$6,104,263$7,012,315
74$7,113,811$6,440,843$6,250,296$7,589,471
75$7,779,118$6,696,143$6,399,379$8,214,947
76$8,510,387$6,962,053$6,551,557$8,899,775
77$9,314,287$7,239,033$6,706,874$9,649,874
78$10,198,163$7,527,564$6,865,373$10,471,762
79$11,170,109$7,828,149$7,027,097$11,372,617
80$12,239,044$8,141,312$7,192,088$12,360,345
81$13,414,792$8,467,601$7,360,389$13,443,654
82$14,708,178$8,807,591$7,532,039$14,632,135
83$16,131,129$9,161,881$7,707,080$15,936,353
84$17,696,787$9,531,096$7,885,550$17,367,945
85$19,419,632$9,915,891$8,067,488$18,939,728
86$21,315,616$10,316,952$8,252,931$20,665,825
87$23,402,319$10,734,992$8,441,914$22,561,788
88$25,699,109$11,170,761$8,634,472$24,644,755
89$28,227,329$11,625,039$8,830,638$26,933,601
90$31,010,496$12,098,645$9,030,443$29,449,125
91$34,074,521$12,592,433$9,233,917$32,214,236
92$37,447,956$13,107,297$9,441,088$35,254,176
93$41,162,264$13,644,171$9,651,980$38,596,755
94$45,252,111$14,204,031$9,866,618$42,272,609
95$49,755,699$14,787,901$10,085,022$46,315,496
96$54,715,121$15,396,849$10,307,211$50,762,605
97$60,176,760$16,031,992$10,533,200$55,654,913
98$66,191,729$16,694,498$10,763,001$61,037,568
99$72,816,348$17,385,591$10,996,624$66,960,314
100$80,112,679$18,106,549$11,234,075$73,477,960