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%12.1%
1 years$602,827$597,458$592,219$587,105$582,112$576,994
2 years$298,429$292,871$287,485$282,262$277,196$272,039
3 years$196,977$191,395$186,022$180,848$175,865$170,828
4 years$146,260$140,695$135,376$130,291$125,428$120,550
5 years$115,838$110,307$105,057$100,076$95,349$90,644
6 years$95,564$90,074$84,902$80,031$75,446$70,921
7 years$81,087$75,644$70,554$65,798$61,358$57,015
8 years$70,235$64,841$59,835$55,197$50,902$46,740
9 years$61,799$56,456$51,536$47,015$42,867$38,885
10 years$55,054$49,763$44,930$40,528$36,525$32,721
11 years$49,539$44,301$39,556$35,271$31,413$27,784
12 years$44,947$39,762$35,105$30,938$27,221$23,764
13 years$41,064$35,933$31,364$27,313$23,738$20,448
14 years$37,738$32,662$28,181$24,246$20,808$17,681
15 years$34,859$29,838$25,443$21,623$18,321$15,353
16 years$32,342$27,376$23,068$19,361$16,192$13,378
17 years$30,123$25,212$20,991$17,396$14,357$11,693
18 years$28,153$23,297$19,162$15,677$12,766$10,245
19 years$26,393$21,591$17,542$14,165$11,378$8,997
20 years$24,810$20,064$16,099$12,830$10,163$7,916
21 years$23,381$18,689$14,808$11,644$9,095$6,976
22 years$22,082$17,445$13,648$10,587$8,153$6,157
23 years$20,899$16,316$12,602$9,642$7,318$5,440
24 years$19,816$15,287$11,654$8,794$6,578$4,813
25 years$18,821$14,346$10,794$8,031$5,919$4,261
26 years$17,904$13,483$10,011$7,343$5,332$3,776
27 years$17,056$12,689$9,296$6,721$4,807$3,349
28 years$16,270$11,957$8,642$6,158$4,337$2,972
29 years$15,540$11,280$8,042$5,647$3,916$2,639
30 years$14,860$10,653$7,491$5,183$3,539$2,345
31 years$14,225$10,070$6,984$4,760$3,199$2,084
32 years$13,630$9,529$6,516$4,374$2,894$1,853
33 years$13,073$9,024$6,084$4,023$2,619$1,649
34 years$12,550$8,552$5,684$3,701$2,371$1,467
35 years$12,058$8,112$5,314$3,407$2,148$1,306
36 years$11,594$7,699$4,972$3,138$1,946$1,162
37 years$11,156$7,313$4,653$2,891$1,764$1,035
38 years$10,743$6,950$4,358$2,665$1,599$922
39 years$10,351$6,608$4,083$2,457$1,450$821
40 years$9,980$6,287$3,827$2,266$1,315$732
41 years$9,628$5,985$3,588$2,091$1,193$652
42 years$9,294$5,700$3,366$1,930$1,083$581
43 years$8,976$5,431$3,158$1,781$983$518
44 years$8,673$5,177$2,965$1,645$892$461
45 years$8,385$4,936$2,784$1,519$810$411
46 years$8,110$4,709$2,615$1,403$735$367
47 years$7,848$4,494$2,456$1,296$668$327
48 years$7,597$4,290$2,308$1,198$606$292
49 years$7,357$4,097$2,170$1,107$551$260
50 years$7,127$3,913$2,040$1,023$500$232

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 $4,051 every year, while hoping to spend $31,732 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: 68/14/18 Blend
72$7,300,000$7,300,000$7,300,000$7,300,000
73$8,048,779$7,661,879$7,548,729$8,560,603
74$8,835,991$8,003,548$7,767,848$9,244,569
75$9,702,436$8,360,896$7,993,245$9,988,347
76$10,656,162$8,734,657$8,225,096$10,801,142
77$11,706,036$9,125,600$8,463,582$11,689,748
78$12,861,829$9,534,532$8,708,890$12,661,640
79$14,134,310$9,962,299$8,961,212$13,725,047
80$15,535,342$10,409,783$9,220,744$14,889,024
81$17,077,998$10,877,914$9,487,690$16,163,544
82$18,776,683$11,367,661$9,762,258$17,559,582
83$20,647,271$11,880,043$10,044,660$19,089,222
84$22,707,254$12,416,126$10,335,117$20,765,769
85$24,975,904$12,977,027$10,633,854$22,603,872
86$27,474,461$13,563,916$10,941,103$24,619,661
87$30,226,328$14,178,019$11,257,101$26,830,899
88$33,257,293$14,820,622$11,582,094$29,257,145
89$36,595,775$15,493,071$11,916,332$31,919,940
90$40,273,089$16,196,776$12,260,074$34,843,003
91$44,323,742$16,933,216$12,613,584$38,052,461
92$48,785,759$17,703,939$12,977,135$41,577,087
93$53,701,044$18,510,570$13,351,006$45,448,570
94$59,115,770$19,354,808$13,735,485$49,701,817
95$65,080,822$20,238,436$14,130,867$54,375,272
96$71,652,268$21,163,322$14,537,453$59,511,285
97$78,891,898$22,131,423$14,955,557$65,156,503
98$86,867,800$23,144,791$15,385,496$71,362,308
99$95,655,005$24,205,575$15,827,599$78,185,303
100$105,336,195$25,316,028$16,282,204$85,687,841