Can I retire at age 73 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$685,406$679,301$673,344$667,531$661,854$645,330
2 years$339,310$332,991$326,866$320,928$315,168$298,626
3 years$223,960$217,613$211,504$205,622$199,956$183,911
4 years$166,296$159,969$153,921$148,139$142,610$127,187
5 years$131,707$125,417$119,449$113,785$108,410$93,652
6 years$108,655$102,413$96,532$90,995$85,781$71,702
7 years$92,195$86,006$80,219$74,812$69,763$56,365
8 years$79,857$73,723$68,032$62,758$57,875$45,152
9 years$70,265$64,189$58,596$53,456$48,739$36,680
10 years$62,596$56,580$51,085$46,079$41,528$30,119
11 years$56,325$50,370$44,975$40,103$35,716$24,940
12 years$51,104$45,209$39,914$35,176$30,950$20,789
13 years$46,689$40,856$35,660$31,055$26,989$17,423
14 years$42,908$37,137$32,041$27,567$23,659$14,666
15 years$39,634$33,925$28,929$24,585$20,831$12,389
16 years$36,772$31,126$26,228$22,013$18,411$10,498
17 years$34,250$28,665$23,867$19,779$16,324$8,917
18 years$32,010$26,488$21,787$17,824$14,515$7,590
19 years$30,008$24,549$19,945$16,106$12,937$6,472
20 years$28,209$22,812$18,305$14,587$11,556$5,527
21 years$26,583$21,249$16,837$13,239$10,341$4,725
22 years$25,107$19,835$15,518$12,037$9,269$4,045
23 years$23,762$18,551$14,328$10,962$8,321$3,465
24 years$22,530$17,381$13,251$9,998$7,479$2,971
25 years$21,399$16,311$12,273$9,131$6,730$2,549
26 years$20,356$15,330$11,382$8,349$6,062$2,188
27 years$19,392$14,427$10,570$7,642$5,465$1,879
28 years$18,499$13,595$9,826$7,002$4,931$1,614
29 years$17,669$12,825$9,144$6,421$4,453$1,388
30 years$16,895$12,112$8,517$5,893$4,024$1,193
31 years$16,173$11,450$7,940$5,412$3,638$1,026
32 years$15,497$10,834$7,408$4,974$3,291$882
33 years$14,864$10,260$6,917$4,574$2,978$759
34 years$14,269$9,724$6,463$4,208$2,696$653
35 years$13,710$9,223$6,042$3,874$2,442$562
36 years$13,182$8,754$5,653$3,568$2,213$484
37 years$12,685$8,314$5,291$3,287$2,005$416
38 years$12,214$7,902$4,955$3,030$1,818$358
39 years$11,769$7,514$4,642$2,794$1,649$309
40 years$11,347$7,149$4,351$2,577$1,495$266
41 years$10,947$6,805$4,080$2,377$1,357$229
42 years$10,567$6,481$3,827$2,194$1,231$197
43 years$10,206$6,175$3,591$2,025$1,117$170
44 years$9,862$5,886$3,371$1,870$1,014$146
45 years$9,534$5,613$3,165$1,727$921$126
46 years$9,221$5,354$2,973$1,595$836$108
47 years$8,923$5,110$2,793$1,474$759$93
48 years$8,637$4,878$2,624$1,362$689$80
49 years$8,365$4,658$2,467$1,259$626$69
50 years$8,104$4,450$2,319$1,163$569$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $8,300,000, adding $3,082 every year, while hoping to spend $51,962 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: 83/11/6 Blend
72$8,300,000$8,300,000$8,300,000$8,300,000
73$9,149,779$8,709,879$8,581,229$9,905,799
74$10,027,769$9,081,376$8,813,413$10,771,509
75$10,993,573$9,469,335$9,051,634$11,714,590
76$12,056,092$9,874,507$9,296,038$12,748,508
77$13,225,136$10,297,680$9,546,778$13,882,334
78$14,511,510$10,739,677$9,804,005$15,126,058
79$15,927,123$11,201,360$10,067,878$16,490,680
80$17,485,095$11,683,632$10,338,557$17,988,316
81$19,199,882$12,187,437$10,616,207$19,632,308
82$21,087,414$12,713,765$10,900,993$21,437,349
83$23,165,242$13,263,652$11,193,088$23,419,625
84$25,452,706$13,838,180$11,492,666$25,596,961
85$27,971,117$14,438,485$11,799,905$27,988,990
86$30,743,956$15,065,756$12,114,987$30,617,339
87$33,797,098$15,721,237$12,438,098$33,505,831
88$37,159,054$16,406,229$12,769,426$36,680,704
89$40,861,241$17,122,098$13,109,165$40,170,865
90$44,938,278$17,870,271$13,457,513$44,008,156
91$49,428,312$18,652,244$13,814,669$48,227,653
92$54,373,379$19,469,583$14,180,840$52,867,999
93$59,819,799$20,323,929$14,556,233$57,971,763
94$65,818,615$21,216,998$14,941,064$63,585,843
95$72,426,072$22,150,588$15,335,547$69,761,907
96$79,704,149$23,126,585$15,739,906$76,556,874
97$87,721,144$24,146,959$16,154,364$84,033,458
98$96,552,318$25,213,778$16,579,154$92,260,749
99$106,280,607$26,329,206$17,014,507$101,314,868
100$116,997,399$27,495,507$17,460,664$111,279,683