Can I retire at age 73 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$652,375$646,564$640,894$635,360$629,957$609,061
2 years$322,958$316,943$311,114$305,462$299,980$279,130
3 years$213,166$207,126$201,311$195,712$190,319$170,170
4 years$158,282$152,259$146,503$141,000$135,737$116,444
5 years$125,359$119,373$113,692$108,301$103,185$84,798
6 years$103,418$97,477$91,880$86,609$81,647$64,181
7 years$87,752$81,861$76,353$71,206$66,401$49,854
8 years$76,008$70,170$64,753$59,733$55,086$39,446
9 years$66,878$61,096$55,772$50,879$46,390$31,639
10 years$59,579$53,853$48,623$43,859$39,527$25,640
11 years$53,611$47,942$42,807$38,170$33,994$20,946
12 years$48,641$43,030$37,990$33,480$29,459$17,220
13 years$44,439$38,887$33,942$29,558$25,689$14,228
14 years$40,840$35,347$30,497$26,238$22,519$11,804
15 years$37,724$32,290$27,535$23,400$19,827$9,825
16 years$35,000$29,626$24,964$20,952$17,523$8,201
17 years$32,599$27,284$22,716$18,825$15,537$6,860
18 years$30,467$25,212$20,737$16,965$13,815$5,749
19 years$28,562$23,366$18,984$15,330$12,314$4,825
20 years$26,850$21,713$17,422$13,884$10,999$4,055
21 years$25,302$20,225$16,025$12,601$9,843$3,411
22 years$23,897$18,879$14,770$11,457$8,823$2,872
23 years$22,617$17,657$13,637$10,434$7,920$2,421
24 years$21,444$16,544$12,612$9,516$7,118$2,041
25 years$20,367$15,525$11,681$8,691$6,405$1,722
26 years$19,375$14,591$10,834$7,947$5,770$1,453
27 years$18,458$13,732$10,060$7,274$5,202$1,227
28 years$17,607$12,940$9,352$6,664$4,694$1,036
29 years$16,817$12,207$8,703$6,111$4,238$875
30 years$16,081$11,528$8,107$5,609$3,830$740
31 years$15,394$10,898$7,558$5,151$3,462$625
32 years$14,751$10,312$7,051$4,734$3,132$528
33 years$14,148$9,765$6,584$4,353$2,834$447
34 years$13,582$9,255$6,152$4,005$2,566$378
35 years$13,049$8,779$5,751$3,687$2,324$319
36 years$12,547$8,332$5,380$3,396$2,106$270
37 years$12,073$7,914$5,036$3,129$1,909$228
38 years$11,626$7,521$4,716$2,884$1,730$193
39 years$11,202$7,152$4,418$2,659$1,569$163
40 years$10,801$6,804$4,141$2,453$1,423$138
41 years$10,420$6,477$3,883$2,263$1,291$117
42 years$10,058$6,168$3,642$2,088$1,172$99
43 years$9,714$5,877$3,418$1,928$1,063$84
44 years$9,386$5,602$3,208$1,780$965$71
45 years$9,074$5,342$3,013$1,644$876$60
46 years$8,777$5,096$2,829$1,518$796$51
47 years$8,493$4,863$2,658$1,403$722$43
48 years$8,221$4,643$2,498$1,296$656$36
49 years$7,962$4,434$2,348$1,198$596$31
50 years$7,713$4,235$2,207$1,107$541$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $7,900,000, adding $5,917 every year, while hoping to spend $46,458 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: 66/25/9 Blend
72$7,900,000$7,900,000$7,900,000$7,900,000
73$8,711,903$8,293,203$8,170,753$9,270,733
74$9,551,087$8,650,139$8,395,043$10,000,142
75$10,474,309$9,023,008$8,625,289$10,790,951
76$11,490,095$9,412,541$8,861,642$11,654,024
77$12,607,834$9,819,505$9,104,256$12,596,407
78$13,837,873$10,244,701$9,353,289$13,625,852
79$15,191,613$10,688,969$9,608,901$14,750,885
80$16,681,617$11,153,188$9,871,259$15,980,890
81$18,321,726$11,638,278$10,140,529$17,326,189
82$20,127,191$12,145,202$10,416,886$18,798,146
83$22,114,818$12,674,971$10,700,506$20,409,265
84$24,303,125$13,228,639$10,991,568$22,173,307
85$26,712,515$13,807,315$11,290,257$24,105,420
86$29,365,473$14,412,155$11,596,762$26,222,279
87$32,286,774$15,044,373$11,911,276$28,542,240
88$35,503,718$15,705,240$12,233,997$31,085,510
89$39,046,385$16,396,085$12,565,124$33,874,336
90$42,947,926$17,118,302$12,904,865$36,933,211
91$47,244,866$17,873,351$13,253,430$40,289,106
92$51,977,456$18,662,759$13,611,033$43,971,716
93$57,190,049$19,488,126$13,977,895$48,013,741
94$62,931,520$20,351,130$14,354,240$52,451,187
95$69,255,725$21,253,526$14,740,298$57,323,710
96$76,222,013$22,197,152$15,136,301$62,674,977
97$83,895,781$23,183,936$15,542,491$68,553,083
98$92,349,097$24,215,894$15,959,110$75,010,993
99$101,661,372$25,295,141$16,386,408$82,107,046
100$111,920,119$26,423,890$16,824,639$89,905,493