Can I retire at age 73 with 7,700,000?

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 $7,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$635,859$630,195$624,669$619,275$614,009$590,580
2 years$314,782$308,919$303,237$297,729$292,385$269,057
3 years$207,770$201,882$196,215$190,758$185,501$163,008
4 years$154,274$148,405$142,794$137,430$132,301$110,813
5 years$122,186$116,351$110,814$105,559$100,573$80,146
6 years$100,800$95,009$89,554$84,417$79,580$60,228
7 years$85,531$79,789$74,420$69,404$64,720$46,437
8 years$74,084$68,394$63,114$58,221$53,691$36,461
9 years$65,185$59,549$54,360$49,591$45,216$29,012
10 years$58,071$52,490$47,392$42,748$38,526$23,319
11 years$52,254$46,728$41,723$37,204$33,134$18,890
12 years$47,409$41,941$37,029$32,633$28,713$15,395
13 years$43,314$37,902$33,083$28,810$25,038$12,608
14 years$39,806$34,452$29,725$25,574$21,948$10,366
15 years$36,769$31,473$26,838$22,808$19,325$8,549
16 years$34,114$28,876$24,332$20,422$17,080$7,068
17 years$31,774$26,593$22,141$18,349$15,144$5,856
18 years$29,696$24,573$20,212$16,536$13,465$4,860
19 years$27,839$22,774$18,503$14,942$12,002$4,039
20 years$26,170$21,163$16,981$13,533$10,720$3,361
21 years$24,662$19,713$15,620$12,282$9,594$2,799
22 years$23,292$18,401$14,396$11,167$8,599$2,333
23 years$22,044$17,210$13,292$10,170$7,719$1,946
24 years$20,901$16,125$12,293$9,275$6,938$1,624
25 years$19,852$15,132$11,386$8,471$6,243$1,356
26 years$18,885$14,222$10,560$7,745$5,624$1,132
27 years$17,990$13,384$9,806$7,090$5,070$946
28 years$17,162$12,612$9,116$6,496$4,575$791
29 years$16,391$11,898$8,483$5,957$4,131$661
30 years$15,674$11,236$7,901$5,467$3,733$553
31 years$15,004$10,622$7,366$5,021$3,375$462
32 years$14,377$10,051$6,873$4,614$3,053$386
33 years$13,790$9,518$6,417$4,243$2,763$323
34 years$13,238$9,021$5,996$3,904$2,501$270
35 years$12,719$8,556$5,606$3,594$2,266$226
36 years$12,229$8,121$5,244$3,310$2,053$189
37 years$11,768$7,713$4,908$3,050$1,860$158
38 years$11,331$7,330$4,596$2,811$1,687$132
39 years$10,918$6,970$4,306$2,592$1,529$111
40 years$10,527$6,632$4,036$2,391$1,387$93
41 years$10,156$6,313$3,785$2,206$1,259$78
42 years$9,803$6,012$3,550$2,035$1,142$65
43 years$9,468$5,728$3,331$1,879$1,036$54
44 years$9,149$5,460$3,127$1,735$941$45
45 years$8,845$5,207$2,936$1,602$854$38
46 years$8,554$4,967$2,758$1,480$775$32
47 years$8,278$4,740$2,591$1,367$704$27
48 years$8,013$4,525$2,435$1,263$639$22
49 years$7,760$4,321$2,289$1,168$581$19
50 years$7,518$4,128$2,152$1,079$528$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $7,700,000, adding $5,794 every year, while hoping to spend $39,484 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: 47/45/8 Blend
72$7,700,000$7,700,000$7,700,000$7,700,000
73$8,491,377$8,083,277$7,963,927$8,871,757
74$9,315,486$8,437,346$8,188,707$9,487,808
75$10,222,332$8,807,442$8,419,695$10,151,397
76$11,220,311$9,194,308$8,657,056$10,870,634
77$12,318,675$9,598,722$8,900,960$11,650,693
78$13,527,621$10,021,500$9,151,583$12,497,254
79$14,858,381$10,463,496$9,409,103$13,416,553
80$16,323,332$10,925,604$9,673,705$14,415,438
81$17,936,116$11,408,762$9,945,578$15,501,431
82$19,711,758$11,913,951$10,224,914$16,682,797
83$21,666,821$12,442,197$10,511,911$17,968,613
84$23,819,550$12,994,578$10,806,774$19,368,855
85$26,190,053$13,572,222$11,109,710$20,894,488
86$28,800,486$14,176,308$11,420,933$22,557,562
87$31,675,263$14,808,075$11,740,662$24,371,324
88$34,841,287$15,468,818$12,069,121$26,350,340
89$38,328,203$16,159,894$12,406,541$28,510,622
90$42,168,677$16,882,726$12,753,157$30,869,781
91$46,398,705$17,638,803$13,109,211$33,447,184
92$51,057,955$18,429,686$13,474,951$36,264,135
93$56,190,135$19,257,009$13,850,631$39,344,063
94$61,843,412$20,122,486$14,236,510$42,712,748
95$68,070,862$21,027,910$14,632,856$46,398,548
96$74,930,975$21,975,162$15,039,941$50,432,667
97$82,488,200$22,966,212$15,458,045$54,849,440
98$90,813,562$24,003,121$15,887,455$59,686,651
99$99,985,326$25,088,054$16,328,465$64,985,882
100$110,089,735$26,223,276$16,781,375$70,792,897