Can I retire at age 73 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$602,827$597,458$592,219$587,105$582,112$575,794
2 years$298,429$292,871$287,485$282,262$277,196$270,834
3 years$196,977$191,395$186,022$180,848$175,865$169,657
4 years$146,260$140,695$135,376$130,291$125,428$119,422
5 years$115,838$110,307$105,057$100,076$95,349$89,562
6 years$95,564$90,074$84,902$80,031$75,446$69,886
7 years$81,087$75,644$70,554$65,798$61,358$56,026
8 years$70,235$64,841$59,835$55,197$50,902$45,799
9 years$61,799$56,456$51,536$47,015$42,867$37,991
10 years$55,054$49,763$44,930$40,528$36,525$31,872
11 years$49,539$44,301$39,556$35,271$31,413$26,979
12 years$44,947$39,762$35,105$30,938$27,221$23,003
13 years$41,064$35,933$31,364$27,313$23,738$19,729
14 years$37,738$32,662$28,181$24,246$20,808$17,004
15 years$34,859$29,838$25,443$21,623$18,321$14,715
16 years$32,342$27,376$23,068$19,361$16,192$12,778
17 years$30,123$25,212$20,991$17,396$14,357$11,129
18 years$28,153$23,297$19,162$15,677$12,766$9,717
19 years$26,393$21,591$17,542$14,165$11,378$8,502
20 years$24,810$20,064$16,099$12,830$10,163$7,453
21 years$23,381$18,689$14,808$11,644$9,095$6,544
22 years$22,082$17,445$13,648$10,587$8,153$5,754
23 years$20,899$16,316$12,602$9,642$7,318$5,065
24 years$19,816$15,287$11,654$8,794$6,578$4,463
25 years$18,821$14,346$10,794$8,031$5,919$3,937
26 years$17,904$13,483$10,011$7,343$5,332$3,475
27 years$17,056$12,689$9,296$6,721$4,807$3,070
28 years$16,270$11,957$8,642$6,158$4,337$2,713
29 years$15,540$11,280$8,042$5,647$3,916$2,400
30 years$14,860$10,653$7,491$5,183$3,539$2,123
31 years$14,225$10,070$6,984$4,760$3,199$1,880
32 years$13,630$9,529$6,516$4,374$2,894$1,664
33 years$13,073$9,024$6,084$4,023$2,619$1,474
34 years$12,550$8,552$5,684$3,701$2,371$1,306
35 years$12,058$8,112$5,314$3,407$2,148$1,158
36 years$11,594$7,699$4,972$3,138$1,946$1,026
37 years$11,156$7,313$4,653$2,891$1,764$910
38 years$10,743$6,950$4,358$2,665$1,599$807
39 years$10,351$6,608$4,083$2,457$1,450$716
40 years$9,980$6,287$3,827$2,266$1,315$635
41 years$9,628$5,985$3,588$2,091$1,193$564
42 years$9,294$5,700$3,366$1,930$1,083$500
43 years$8,976$5,431$3,158$1,781$983$444
44 years$8,673$5,177$2,965$1,645$892$394
45 years$8,385$4,936$2,784$1,519$810$350
46 years$8,110$4,709$2,615$1,403$735$310
47 years$7,848$4,494$2,456$1,296$668$275
48 years$7,597$4,290$2,308$1,198$606$244
49 years$7,357$4,097$2,170$1,107$551$217
50 years$7,127$3,913$2,040$1,023$500$193

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $7,300,000, adding $5,717 every year, while hoping to spend $57,352 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: 30/47/23 Blend
72$7,300,000$7,300,000$7,300,000$7,300,000
73$8,050,497$7,663,597$7,550,447$8,234,295
74$8,810,626$7,978,091$7,742,365$8,690,373
75$9,646,365$8,306,073$7,938,790$9,175,182
76$10,565,367$8,648,144$8,139,812$9,695,561
77$11,576,063$9,004,931$8,345,524$10,254,628
78$12,687,739$9,377,091$8,556,017$10,855,799
79$13,910,631$9,765,310$8,771,386$11,502,818
80$15,256,013$10,170,308$8,991,725$12,199,791
81$16,736,308$10,592,835$9,217,129$12,951,217
82$18,365,205$11,033,678$9,447,697$13,762,033
83$20,157,786$11,493,658$9,683,525$14,637,653
84$22,130,670$11,973,637$9,924,713$15,584,019
85$24,302,166$12,474,513$10,171,359$16,607,653
86$26,692,452$12,997,229$10,423,564$17,715,712
87$29,323,757$13,542,768$10,681,429$18,916,056
88$32,220,580$14,112,163$10,945,055$20,217,316
89$35,409,910$14,706,490$11,214,546$21,628,971
90$38,921,492$15,326,879$11,490,004$23,161,435
91$42,788,097$15,974,510$11,771,533$24,826,151
92$47,045,840$16,650,617$12,059,236$26,635,690
93$51,734,513$17,356,495$12,353,218$28,603,872
94$56,897,966$18,093,496$12,653,583$30,745,883
95$62,584,517$18,863,036$12,960,436$33,078,423
96$68,847,409$19,666,596$13,273,882$35,619,848
97$75,745,313$20,505,727$13,594,026$38,390,345
98$83,342,881$21,382,054$13,920,971$41,412,114
99$91,711,354$22,297,274$14,254,823$44,709,568
100$100,929,238$23,253,166$14,595,686$48,309,565