Can I retire at age 73 with 8,100,000?

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$668,890$662,932$657,119$651,446$645,905$636,253
2 years$331,134$324,967$318,990$313,195$307,574$297,871
3 years$218,563$212,369$206,408$200,667$195,138$185,686
4 years$162,289$156,114$150,212$144,569$139,174$130,047
5 years$128,533$122,395$116,571$111,043$105,798$97,021
6 years$106,036$99,945$94,206$88,802$83,714$75,298
7 years$89,974$83,934$78,286$73,009$68,082$60,030
8 years$77,932$71,947$66,393$61,245$56,481$48,791
9 years$68,572$62,642$57,184$52,168$47,565$40,234
10 years$61,087$55,216$49,854$44,969$40,528$33,550
11 years$54,968$49,156$43,891$39,136$34,855$28,223
12 years$49,872$44,120$38,952$34,328$30,205$23,911
13 years$45,564$39,871$34,801$30,306$26,339$20,374
14 years$41,874$36,242$31,269$26,903$23,089$17,443
15 years$38,679$33,108$28,232$23,992$20,329$14,993
16 years$35,886$30,376$25,596$21,483$17,967$12,930
17 years$33,424$27,975$23,291$19,302$15,931$11,182
18 years$31,239$25,850$21,262$17,395$14,165$9,693
19 years$29,285$23,957$19,464$15,718$12,625$8,420
20 years$27,529$22,262$17,863$14,236$11,277$7,327
21 years$25,943$20,737$16,431$12,920$10,092$6,385
22 years$24,502$19,357$15,144$11,747$9,046$5,571
23 years$23,189$18,104$13,983$10,698$8,120$4,867
24 years$21,987$16,962$12,931$9,757$7,299$4,255
25 years$20,883$15,918$11,977$8,911$6,568$3,724
26 years$19,866$14,961$11,108$8,148$5,916$3,261
27 years$18,925$14,080$10,315$7,458$5,334$2,858
28 years$18,053$13,267$9,589$6,833$4,813$2,506
29 years$17,243$12,516$8,923$6,266$4,346$2,198
30 years$16,488$11,820$8,312$5,751$3,927$1,929
31 years$15,783$11,174$7,749$5,281$3,550$1,694
32 years$15,124$10,573$7,230$4,854$3,211$1,488
33 years$14,506$10,013$6,751$4,463$2,906$1,307
34 years$13,925$9,490$6,307$4,107$2,631$1,148
35 years$13,379$9,001$5,897$3,781$2,383$1,009
36 years$12,865$8,543$5,516$3,482$2,159$887
37 years$12,379$8,114$5,163$3,208$1,957$780
38 years$11,920$7,711$4,835$2,957$1,774$686
39 years$11,486$7,333$4,530$2,726$1,609$603
40 years$11,074$6,976$4,246$2,515$1,459$531
41 years$10,683$6,641$3,981$2,320$1,324$467
42 years$10,312$6,325$3,735$2,141$1,201$411
43 years$9,960$6,026$3,504$1,977$1,090$361
44 years$9,624$5,744$3,290$1,825$990$318
45 years$9,304$5,477$3,089$1,685$898$280
46 years$8,999$5,225$2,901$1,557$816$246
47 years$8,708$4,987$2,726$1,438$741$217
48 years$8,429$4,760$2,561$1,329$673$191
49 years$8,163$4,546$2,407$1,228$611$168
50 years$7,908$4,342$2,263$1,135$555$148

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $8,100,000, adding $6,435 every year, while hoping to spend $26,901 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: 38/37/25 Blend
72$8,100,000$8,100,000$8,100,000$8,100,000
73$8,932,838$8,503,538$8,377,988$9,205,423
74$9,815,365$8,891,589$8,630,028$9,793,026
75$10,787,008$9,297,752$8,889,610$10,424,684
76$11,856,829$9,722,888$9,156,958$11,106,827
77$13,034,812$10,167,896$9,432,302$11,844,045
78$14,331,960$10,633,720$9,715,881$12,641,373
79$15,760,396$11,121,349$10,007,940$13,504,335
80$17,333,480$11,631,819$10,308,729$14,438,994
81$19,065,932$12,166,215$10,618,509$15,452,001
82$20,973,975$12,725,677$10,937,547$16,550,662
83$23,075,482$13,311,397$11,266,117$17,742,994
84$25,390,151$13,924,626$11,604,501$19,037,805
85$27,939,687$14,566,673$11,952,993$20,444,768
86$30,748,007$15,238,912$12,311,890$21,974,510
87$33,841,468$15,942,783$12,681,503$23,638,705
88$37,249,113$16,679,794$13,062,148$25,450,183
89$41,002,946$17,451,527$13,454,153$27,423,046
90$45,138,233$18,259,639$13,857,855$29,572,792
91$49,693,840$19,105,868$14,273,599$31,916,459
92$54,712,590$19,992,035$14,701,744$34,472,780
93$60,241,678$20,920,048$15,142,655$37,262,354
94$66,333,107$21,891,908$15,596,712$40,307,832
95$73,044,185$22,909,713$16,064,303$43,634,127
96$80,438,064$23,975,661$16,545,830$47,268,642
97$88,584,335$25,092,057$17,041,703$51,241,519
98$97,559,686$26,261,316$17,552,349$55,585,919
99$107,448,624$27,485,971$18,078,203$60,338,328
100$118,344,277$28,768,676$18,619,716$65,538,889