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%18.6%
1 years$470,701$466,508$462,417$458,425$454,526$438,748
2 years$233,020$228,680$224,474$220,396$216,441$200,708
3 years$153,804$149,445$145,250$141,210$137,319$122,126
4 years$114,203$109,858$105,705$101,734$97,937$83,399
5 years$90,449$86,130$82,031$78,141$74,450$60,606
6 years$74,618$70,332$66,293$62,490$58,910$45,770
7 years$63,315$59,064$55,090$51,377$47,910$35,472
8 years$54,841$50,629$46,721$43,099$39,746$28,000
9 years$48,254$44,082$40,241$36,711$33,472$22,403
10 years$42,987$38,856$35,083$31,645$28,519$18,110
11 years$38,681$34,591$30,886$27,540$24,528$14,756
12 years$35,095$31,047$27,411$24,157$21,255$12,099
13 years$32,063$28,058$24,490$21,327$18,535$9,970
14 years$29,467$25,504$22,004$18,931$16,248$8,248
15 years$27,218$23,298$19,867$16,884$14,306$6,846
16 years$25,253$21,375$18,012$15,117$12,643$5,697
17 years$23,521$19,686$16,390$13,583$11,210$4,752
18 years$21,983$18,191$14,962$12,241$9,968$3,970
19 years$20,608$16,859$13,697$11,061$8,885$3,322
20 years$19,372$15,666$12,571$10,018$7,936$2,784
21 years$18,256$14,592$11,563$9,092$7,102$2,335
22 years$17,242$13,621$10,657$8,266$6,366$1,960
23 years$16,318$12,740$9,840$7,528$5,714$1,646
24 years$15,472$11,936$9,100$6,866$5,136$1,384
25 years$14,695$11,202$8,428$6,271$4,622$1,163
26 years$13,979$10,528$7,817$5,734$4,163$979
27 years$13,318$9,908$7,259$5,248$3,753$824
28 years$12,704$9,336$6,748$4,808$3,387$693
29 years$12,134$8,808$6,279$4,409$3,058$584
30 years$11,603$8,318$5,849$4,047$2,763$492
31 years$11,107$7,863$5,453$3,717$2,498$414
32 years$10,643$7,440$5,088$3,416$2,260$349
33 years$10,208$7,046$4,750$3,141$2,045$294
34 years$9,799$6,678$4,438$2,890$1,852$248
35 years$9,415$6,334$4,150$2,660$1,677$209
36 years$9,053$6,012$3,882$2,450$1,520$176
37 years$8,711$5,710$3,633$2,257$1,377$148
38 years$8,388$5,426$3,403$2,081$1,249$125
39 years$8,082$5,160$3,188$1,919$1,132$105
40 years$7,793$4,909$2,988$1,770$1,027$89
41 years$7,518$4,673$2,802$1,633$932$75
42 years$7,257$4,451$2,628$1,507$845$63
43 years$7,009$4,241$2,466$1,391$767$53
44 years$6,772$4,042$2,315$1,284$696$45
45 years$6,547$3,855$2,174$1,186$632$38
46 years$6,333$3,677$2,042$1,096$574$32
47 years$6,128$3,509$1,918$1,012$521$27
48 years$5,932$3,350$1,802$935$473$23
49 years$5,744$3,199$1,694$864$430$19
50 years$5,565$3,056$1,593$799$391$16

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 $3,621 every year, while hoping to spend $41,246 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: 64/14/22 Blend
72$5,700,000$5,700,000$5,700,000$5,700,000
73$6,285,135$5,983,035$5,894,685$6,651,426
74$6,882,333$6,232,318$6,048,272$7,147,935
75$7,539,064$6,492,434$6,205,621$7,685,201
76$8,261,354$6,763,870$6,366,815$8,271,245
77$9,055,848$7,047,135$6,531,939$8,910,847
78$9,929,863$7,342,762$6,701,077$9,609,266
79$10,891,462$7,651,311$6,874,317$10,372,290
80$11,949,530$7,973,364$7,051,745$11,206,291
81$13,113,856$8,309,533$7,233,452$12,118,284
82$14,395,225$8,660,456$7,419,529$13,115,989
83$15,805,523$9,026,803$7,610,068$14,207,910
84$17,357,843$9,409,274$7,805,163$15,403,404
85$19,066,615$9,808,600$8,004,908$16,712,777
86$20,947,738$10,225,549$8,209,400$18,147,378
87$23,018,729$10,660,923$8,418,736$19,719,702
88$25,298,892$11,115,561$8,633,017$21,443,510
89$27,809,498$11,590,343$8,852,342$23,333,954
90$30,573,985$12,086,188$9,076,814$25,407,724
91$33,618,179$12,604,058$9,306,534$27,683,200
92$36,970,538$13,144,962$9,541,608$30,180,624
93$40,662,422$13,709,954$9,782,141$32,922,293
94$44,728,386$14,300,139$10,028,240$35,932,764
95$49,206,509$14,916,673$10,280,013$39,239,088
96$54,138,748$15,560,765$10,537,569$42,871,060
97$59,571,340$16,233,683$10,801,017$46,861,502
98$65,555,236$16,936,752$11,070,471$51,246,567
99$72,146,580$17,671,363$11,346,041$56,066,082
100$79,407,238$18,438,967$11,627,841$61,363,921