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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.2%
1 years$635,859$630,195$624,669$619,275$614,009$610,908
2 years$314,782$308,919$303,237$297,729$292,385$289,256
3 years$207,770$201,882$196,215$190,758$185,501$182,440
4 years$154,274$148,405$142,794$137,430$132,301$129,331
5 years$122,186$116,351$110,814$105,559$100,573$97,704
6 years$100,800$95,009$89,554$84,417$79,580$76,816
7 years$85,531$79,789$74,420$69,404$64,720$62,061
8 years$74,084$68,394$63,114$58,221$53,691$51,139
9 years$65,185$59,549$54,360$49,591$45,216$42,768
10 years$58,071$52,490$47,392$42,748$38,526$36,183
11 years$52,254$46,728$41,723$37,204$33,134$30,893
12 years$47,409$41,941$37,029$32,633$28,713$26,573
13 years$43,314$37,902$33,083$28,810$25,038$22,997
14 years$39,806$34,452$29,725$25,574$21,948$20,004
15 years$36,769$31,473$26,838$22,808$19,325$17,474
16 years$34,114$28,876$24,332$20,422$17,080$15,320
17 years$31,774$26,593$22,141$18,349$15,144$13,473
18 years$29,696$24,573$20,212$16,536$13,465$11,881
19 years$27,839$22,774$18,503$14,942$12,002$10,500
20 years$26,170$21,163$16,981$13,533$10,720$9,299
21 years$24,662$19,713$15,620$12,282$9,594$8,250
22 years$23,292$18,401$14,396$11,167$8,599$7,330
23 years$22,044$17,210$13,292$10,170$7,719$6,521
24 years$20,901$16,125$12,293$9,275$6,938$5,809
25 years$19,852$15,132$11,386$8,471$6,243$5,179
26 years$18,885$14,222$10,560$7,745$5,624$4,622
27 years$17,990$13,384$9,806$7,090$5,070$4,129
28 years$17,162$12,612$9,116$6,496$4,575$3,690
29 years$16,391$11,898$8,483$5,957$4,131$3,301
30 years$15,674$11,236$7,901$5,467$3,733$2,954
31 years$15,004$10,622$7,366$5,021$3,375$2,645
32 years$14,377$10,051$6,873$4,614$3,053$2,369
33 years$13,790$9,518$6,417$4,243$2,763$2,123
34 years$13,238$9,021$5,996$3,904$2,501$1,903
35 years$12,719$8,556$5,606$3,594$2,266$1,707
36 years$12,229$8,121$5,244$3,310$2,053$1,531
37 years$11,768$7,713$4,908$3,050$1,860$1,374
38 years$11,331$7,330$4,596$2,811$1,687$1,233
39 years$10,918$6,970$4,306$2,592$1,529$1,107
40 years$10,527$6,632$4,036$2,391$1,387$994
41 years$10,156$6,313$3,785$2,206$1,259$892
42 years$9,803$6,012$3,550$2,035$1,142$801
43 years$9,468$5,728$3,331$1,879$1,036$720
44 years$9,149$5,460$3,127$1,735$941$647
45 years$8,845$5,207$2,936$1,602$854$581
46 years$8,554$4,967$2,758$1,480$775$522
47 years$8,278$4,740$2,591$1,367$704$469
48 years$8,013$4,525$2,435$1,263$639$422
49 years$7,760$4,321$2,289$1,168$581$379
50 years$7,518$4,128$2,152$1,079$528$340

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 $4,219 every year, while hoping to spend $45,180 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: 41/49/10 Blend
72$7,700,000$7,700,000$7,700,000$7,700,000
73$8,489,752$8,081,652$7,962,302$8,812,492
74$9,307,635$8,429,582$8,180,968$9,387,094
75$10,207,429$8,793,046$8,405,445$10,003,767
76$11,197,439$9,172,758$8,635,880$10,670,173
77$12,286,820$9,569,464$8,872,423$11,390,846
78$13,485,655$9,983,948$9,115,229$12,170,761
79$14,805,057$10,417,026$9,364,455$13,015,376
80$16,257,270$10,869,558$9,620,261$13,930,681
81$17,855,785$11,342,439$9,882,813$14,923,248
82$19,615,466$11,836,611$10,152,279$16,000,296
83$21,552,695$12,353,056$10,428,832$17,169,749
84$23,685,519$12,892,805$10,712,647$18,440,309
85$26,033,827$13,456,937$11,003,905$19,821,535
86$28,619,532$14,046,581$11,302,790$21,323,928
87$31,466,782$14,662,921$11,609,491$22,959,027
88$34,602,185$15,307,196$11,924,201$24,739,511
89$38,055,061$15,980,703$12,247,115$26,679,314
90$41,857,720$16,684,800$12,578,437$28,793,753
91$46,045,763$17,420,910$12,918,370$31,099,667
92$50,658,421$18,190,525$13,267,125$33,615,569
93$55,738,924$18,995,204$13,624,917$36,361,816
94$61,334,908$19,836,583$13,991,966$39,360,794
95$67,498,867$20,716,374$14,368,496$42,637,124
96$74,288,646$21,636,371$14,754,734$46,217,888
97$81,767,986$22,598,451$15,150,916$50,132,875
98$90,007,128$23,604,583$15,557,280$54,414,858
99$99,083,476$24,656,828$15,974,069$59,099,893
100$109,082,323$25,757,345$16,401,533$64,227,655