Can I retire at age 73 with 7,600,000?

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$627,601$622,011$616,556$611,233$606,035$594,285
2 years$310,694$304,907$299,299$293,862$288,588$276,798
3 years$205,072$199,260$193,666$188,280$183,092$171,629
4 years$152,271$146,477$140,940$135,645$130,583$119,536
5 years$120,599$114,840$109,375$104,189$99,267$88,667
6 years$99,491$93,775$88,391$83,320$78,547$68,405
7 years$84,420$78,753$73,453$68,502$63,879$54,199
8 years$73,122$67,505$62,294$57,465$52,994$43,773
9 years$64,339$58,776$53,654$48,947$44,629$35,860
10 years$57,317$51,808$46,777$42,193$38,026$29,702
11 years$51,575$46,121$41,182$36,721$32,704$24,814
12 years$46,794$41,396$36,548$32,209$28,340$20,874
13 years$42,751$37,410$32,653$28,436$24,713$17,658
14 years$39,289$34,005$29,339$25,242$21,663$15,006
15 years$36,291$31,064$26,489$22,511$19,074$12,801
16 years$33,671$28,501$24,016$20,157$16,858$10,955
17 years$31,361$26,248$21,854$18,110$14,947$9,400
18 years$29,310$24,254$19,950$16,321$13,290$8,084
19 years$27,477$22,479$18,263$14,748$11,846$6,965
20 years$25,830$20,888$16,761$13,357$10,581$6,011
21 years$24,341$19,457$15,417$12,122$9,469$5,195
22 years$22,990$18,162$14,209$11,022$8,488$4,495
23 years$21,758$16,987$13,119$10,038$7,619$3,893
24 years$20,630$15,915$12,133$9,155$6,848$3,375
25 years$19,594$14,936$11,238$8,361$6,162$2,928
26 years$18,639$14,037$10,422$7,645$5,551$2,542
27 years$17,757$13,211$9,678$6,997$5,004$2,208
28 years$16,939$12,448$8,997$6,411$4,516$1,919
29 years$16,179$11,744$8,373$5,879$4,077$1,668
30 years$15,470$11,091$7,799$5,396$3,684$1,451
31 years$14,809$10,484$7,271$4,955$3,331$1,262
32 years$14,190$9,920$6,784$4,554$3,013$1,098
33 years$13,610$9,395$6,334$4,188$2,727$956
34 years$13,066$8,904$5,918$3,853$2,469$832
35 years$12,553$8,445$5,533$3,547$2,236$725
36 years$12,071$8,016$5,176$3,267$2,026$631
37 years$11,615$7,613$4,845$3,010$1,836$550
38 years$11,184$7,235$4,537$2,774$1,665$479
39 years$10,777$6,880$4,250$2,558$1,510$417
40 years$10,390$6,546$3,984$2,359$1,369$364
41 years$10,024$6,231$3,736$2,177$1,242$317
42 years$9,676$5,934$3,504$2,009$1,127$276
43 years$9,345$5,654$3,288$1,855$1,023$241
44 years$9,030$5,389$3,087$1,712$929$210
45 years$8,730$5,139$2,898$1,581$843$183
46 years$8,443$4,903$2,722$1,461$765$159
47 years$8,170$4,679$2,557$1,350$695$139
48 years$7,909$4,466$2,403$1,247$631$121
49 years$7,659$4,265$2,259$1,153$573$105
50 years$7,420$4,074$2,124$1,065$521$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $7,600,000, adding $2,736 every year, while hoping to spend $28,429 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: 68/22/10 Blend
72$7,600,000$7,600,000$7,600,000$7,600,000
73$8,378,022$7,975,222$7,857,422$8,930,505
74$9,202,332$8,335,760$8,090,398$9,658,254
75$10,109,769$8,713,011$8,330,225$10,450,179
76$11,108,782$9,107,765$8,577,104$11,315,497
77$12,208,680$9,520,847$8,831,239$12,261,398
78$13,419,722$9,953,126$9,092,842$13,295,789
79$14,753,211$10,405,507$9,362,130$14,427,374
80$16,221,604$10,878,942$9,639,327$15,665,730
81$17,838,625$11,374,427$9,924,662$17,021,394
82$19,619,399$11,893,008$10,218,372$18,505,966
83$21,580,590$12,435,778$10,520,700$20,132,213
84$23,740,563$13,003,884$10,831,896$21,914,185
85$26,119,554$13,598,528$11,152,218$23,867,351
86$28,739,862$14,220,970$11,481,931$26,008,740
87$31,626,059$14,872,528$11,821,307$28,357,097
88$34,805,222$15,554,587$12,170,626$30,933,062
89$38,307,189$16,268,596$12,530,176$33,759,357
90$42,164,840$17,016,075$12,900,254$36,861,003
91$46,414,405$17,798,614$13,281,164$40,265,550
92$51,095,812$18,617,884$13,673,221$44,003,334
93$56,253,058$19,475,633$14,076,746$48,107,762
94$61,934,624$20,373,694$14,492,072$52,615,623
95$68,193,939$21,313,988$14,919,540$57,567,431
96$75,089,877$22,298,529$15,359,500$63,007,805
97$82,687,315$23,329,427$15,812,314$68,985,888
98$91,057,747$24,408,895$16,278,353$75,555,802
99$100,279,957$25,539,252$16,757,998$82,777,160
100$110,440,764$26,722,926$17,251,642$90,715,622