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%18.8%
1 years$602,827$597,458$592,219$587,105$582,112$561,458
2 years$298,429$292,871$287,485$282,262$277,196$256,608
3 years$196,977$191,395$186,022$180,848$175,865$155,989
4 years$146,260$140,695$135,376$130,291$125,428$106,417
5 years$115,838$110,307$105,057$100,076$95,349$77,252
6 years$95,564$90,074$84,902$80,031$75,446$58,277
7 years$81,087$75,644$70,554$65,798$61,358$45,113
8 years$70,235$64,841$59,835$55,197$50,902$35,568
9 years$61,799$56,456$51,536$47,015$42,867$28,424
10 years$55,054$49,763$44,930$40,528$36,525$22,948
11 years$49,539$44,301$39,556$35,271$31,413$18,674
12 years$44,947$39,762$35,105$30,938$27,221$15,291
13 years$41,064$35,933$31,364$27,313$23,738$12,583
14 years$37,738$32,662$28,181$24,246$20,808$10,395
15 years$34,859$29,838$25,443$21,623$18,321$8,616
16 years$32,342$27,376$23,068$19,361$16,192$7,160
17 years$30,123$25,212$20,991$17,396$14,357$5,963
18 years$28,153$23,297$19,162$15,677$12,766$4,975
19 years$26,393$21,591$17,542$14,165$11,378$4,157
20 years$24,810$20,064$16,099$12,830$10,163$3,477
21 years$23,381$18,689$14,808$11,644$9,095$2,912
22 years$22,082$17,445$13,648$10,587$8,153$2,440
23 years$20,899$16,316$12,602$9,642$7,318$2,047
24 years$19,816$15,287$11,654$8,794$6,578$1,717
25 years$18,821$14,346$10,794$8,031$5,919$1,442
26 years$17,904$13,483$10,011$7,343$5,332$1,211
27 years$17,056$12,689$9,296$6,721$4,807$1,018
28 years$16,270$11,957$8,642$6,158$4,337$855
29 years$15,540$11,280$8,042$5,647$3,916$719
30 years$14,860$10,653$7,491$5,183$3,539$605
31 years$14,225$10,070$6,984$4,760$3,199$508
32 years$13,630$9,529$6,516$4,374$2,894$428
33 years$13,073$9,024$6,084$4,023$2,619$360
34 years$12,550$8,552$5,684$3,701$2,371$303
35 years$12,058$8,112$5,314$3,407$2,148$255
36 years$11,594$7,699$4,972$3,138$1,946$214
37 years$11,156$7,313$4,653$2,891$1,764$180
38 years$10,743$6,950$4,358$2,665$1,599$152
39 years$10,351$6,608$4,083$2,457$1,450$128
40 years$9,980$6,287$3,827$2,266$1,315$107
41 years$9,628$5,985$3,588$2,091$1,193$90
42 years$9,294$5,700$3,366$1,930$1,083$76
43 years$8,976$5,431$3,158$1,781$983$64
44 years$8,673$5,177$2,965$1,645$892$54
45 years$8,385$4,936$2,784$1,519$810$45
46 years$8,110$4,709$2,615$1,403$735$38
47 years$7,848$4,494$2,456$1,296$668$32
48 years$7,597$4,290$2,308$1,198$606$27
49 years$7,357$4,097$2,170$1,107$551$23
50 years$7,127$3,913$2,040$1,023$500$19

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 $6,181 every year, while hoping to spend $55,517 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: 83/8/9 Blend
72$7,300,000$7,300,000$7,300,000$7,300,000
73$8,050,976$7,664,076$7,550,926$8,708,840
74$8,813,106$7,980,546$7,744,812$9,456,517
75$9,651,112$8,310,662$7,943,333$10,269,347
76$10,572,676$8,655,035$8,146,585$11,160,245
77$11,586,259$9,014,302$8,354,666$12,137,015
78$12,701,186$9,389,131$8,567,676$13,208,250
79$13,927,729$9,780,221$8,785,715$14,383,414
80$15,277,207$10,188,301$9,008,886$15,672,931
81$16,762,090$10,614,136$9,237,291$17,088,280
82$18,396,119$11,058,524$9,471,037$18,642,108
83$20,194,434$11,522,303$9,710,228$20,348,343
84$22,173,718$12,006,348$9,954,972$22,222,326
85$24,352,352$12,511,573$10,205,378$24,280,957
86$26,750,589$13,038,938$10,461,555$26,542,853
87$29,390,747$13,589,443$10,723,615$29,028,521
88$32,297,416$14,164,139$10,991,669$31,760,551
89$35,497,693$14,764,122$11,265,830$34,763,831
90$39,021,435$15,390,541$11,546,213$38,065,778
91$42,901,543$16,044,599$11,832,932$41,696,595
92$47,174,269$16,727,554$12,126,105$45,689,558
93$51,879,561$17,440,721$12,425,846$50,081,328
94$57,061,439$18,185,479$12,732,275$54,912,295
95$62,768,409$18,963,270$13,045,509$60,226,956
96$69,053,921$19,775,605$13,365,668$66,074,340
97$75,976,874$20,624,062$13,692,871$72,508,463
98$83,602,171$21,510,297$14,027,237$79,588,838
99$92,001,331$22,436,040$14,368,889$87,381,040
100$101,253,165$23,403,105$14,717,945$95,957,317