Can I retire at age 73 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$586,311$581,089$575,993$571,020$566,164$550,025
2 years$290,253$284,847$279,608$274,529$269,602$253,468
3 years$191,580$186,151$180,925$175,893$171,047$155,423
4 years$142,253$136,841$131,667$126,721$121,992$106,998
5 years$112,665$107,285$102,179$97,334$92,736$78,414
6 years$92,945$87,606$82,576$77,839$73,379$59,741
7 years$78,866$73,571$68,621$63,996$59,677$46,723
8 years$68,311$63,064$58,196$53,684$49,508$37,231
9 years$60,106$54,909$50,124$45,727$41,693$30,081
10 years$53,546$48,399$43,699$39,417$35,524$24,562
11 years$48,182$43,087$38,472$34,305$30,552$20,222
12 years$43,715$38,673$34,143$30,090$26,476$16,757
13 years$39,939$34,949$30,505$26,565$23,087$13,959
14 years$36,704$31,768$27,409$23,581$20,238$11,677
15 years$33,904$29,020$24,746$21,030$17,819$9,803
16 years$31,456$26,625$22,436$18,830$15,749$8,253
17 years$29,298$24,521$20,416$16,919$13,964$6,964
18 years$27,382$22,659$18,637$15,247$12,416$5,889
19 years$25,670$21,000$17,061$13,777$11,067$4,987
20 years$24,131$19,514$15,658$12,478$9,885$4,230
21 years$22,740$18,177$14,402$11,325$8,846$3,592
22 years$21,477$16,967$13,274$10,297$7,929$3,053
23 years$20,326$15,869$12,256$9,377$7,118$2,597
24 years$19,273$14,868$11,335$8,553$6,398$2,211
25 years$18,305$13,953$10,498$7,811$5,757$1,883
26 years$17,413$13,114$9,737$7,142$5,186$1,605
27 years$16,589$12,341$9,041$6,537$4,675$1,368
28 years$15,824$11,629$8,405$5,989$4,218$1,167
29 years$15,114$10,971$7,822$5,492$3,809$995
30 years$14,453$10,361$7,286$5,041$3,442$850
31 years$13,835$9,794$6,792$4,629$3,112$725
32 years$13,257$9,268$6,337$4,255$2,815$619
33 years$12,715$8,777$5,917$3,912$2,547$529
34 years$12,206$8,318$5,529$3,600$2,306$451
35 years$11,728$7,890$5,169$3,314$2,089$386
36 years$11,276$7,488$4,835$3,052$1,893$329
37 years$10,851$7,112$4,526$2,812$1,715$281
38 years$10,448$6,759$4,238$2,592$1,555$240
39 years$10,068$6,427$3,971$2,390$1,410$205
40 years$9,707$6,115$3,722$2,204$1,279$175
41 years$9,364$5,821$3,490$2,034$1,161$150
42 years$9,039$5,544$3,274$1,877$1,053$128
43 years$8,730$5,282$3,072$1,733$956$109
44 years$8,436$5,035$2,883$1,600$867$94
45 years$8,155$4,801$2,707$1,477$788$80
46 years$7,888$4,580$2,543$1,365$715$68
47 years$7,633$4,371$2,389$1,261$649$58
48 years$7,389$4,173$2,245$1,165$590$50
49 years$7,155$3,985$2,110$1,077$536$43
50 years$6,932$3,806$1,984$995$486$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $7,100,000, adding $4,936 every year, while hoping to spend $46,265 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: 39/32/29 Blend
72$7,100,000$7,100,000$7,100,000$7,100,000
73$7,829,291$7,452,991$7,342,941$8,067,151
74$8,578,654$7,768,962$7,539,704$8,557,790
75$9,402,900$8,098,865$7,741,508$9,083,361
76$10,309,620$8,443,334$7,948,473$9,650,817
77$11,307,176$8,803,032$8,160,722$10,264,012
78$12,404,781$9,178,653$8,378,378$10,927,175
79$13,612,586$9,570,925$8,601,571$11,644,951
80$14,941,776$9,980,607$8,830,431$12,422,443
81$16,404,676$10,408,495$9,065,089$13,265,255
82$18,014,865$10,855,424$9,305,682$14,179,541
83$19,787,306$11,322,264$9,552,347$15,172,069
84$21,738,487$11,809,930$9,805,226$16,250,272
85$23,886,573$12,319,378$10,064,462$17,422,323
86$26,251,583$12,851,607$10,330,201$18,697,204
87$28,855,575$13,407,666$10,602,592$20,084,791
88$31,722,853$13,988,651$10,881,789$21,595,946
89$34,880,199$14,595,710$11,167,944$23,242,609
90$38,357,126$15,230,046$11,461,217$25,037,916
91$42,186,152$15,892,918$11,761,767$26,996,313
92$46,403,113$16,585,644$12,069,759$29,133,693
93$51,047,493$17,309,603$12,385,358$31,467,540
94$56,162,804$18,066,241$12,708,735$34,017,090
95$61,796,995$18,857,071$13,040,062$36,803,510
96$68,002,898$19,683,678$13,379,514$39,850,091
97$74,838,736$20,547,720$13,727,270$43,182,467
98$82,368,665$21,450,936$14,083,512$46,828,848
99$90,663,382$22,395,146$14,448,423$50,820,286
100$99,800,794$23,382,255$14,822,192$55,190,960