Can I retire at age 73 with 8,400,000?

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 $8,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$693,664$687,485$681,457$675,573$669,828$666,165
2 years$343,398$337,003$330,804$324,795$318,966$315,270
3 years$226,658$220,235$214,052$208,099$202,365$198,750
4 years$168,299$161,896$155,775$149,924$144,328$140,823
5 years$133,293$126,928$120,888$115,156$109,716$106,330
6 years$109,964$103,647$97,695$92,091$86,815$83,552
7 years$93,306$87,042$81,185$75,713$70,604$67,467
8 years$80,819$74,611$68,852$63,514$58,572$55,561
9 years$71,111$64,963$59,302$54,100$49,326$46,440
10 years$63,350$57,261$51,701$46,634$42,029$39,266
11 years$57,004$50,976$45,517$40,586$36,146$33,505
12 years$51,719$45,754$40,395$35,599$31,323$28,802
13 years$47,251$41,348$36,090$31,429$27,315$24,910
14 years$43,425$37,584$32,427$27,899$23,944$21,653
15 years$40,111$34,334$29,277$24,881$21,082$18,903
16 years$37,215$31,501$26,544$22,278$18,632$16,562
17 years$34,662$29,011$24,154$20,017$16,521$14,555
18 years$32,396$26,807$22,050$18,039$14,689$12,825
19 years$30,370$24,845$20,185$16,300$13,093$11,327
20 years$28,549$23,087$18,525$14,763$11,695$10,024
21 years$26,904$21,505$17,040$13,398$10,466$8,886
22 years$25,410$20,074$15,705$12,182$9,381$7,890
23 years$24,048$18,775$14,500$11,094$8,421$7,014
24 years$22,802$17,591$13,410$10,119$7,569$6,243
25 years$21,656$16,508$12,421$9,241$6,811$5,562
26 years$20,601$15,515$11,520$8,449$6,135$4,960
27 years$19,626$14,601$10,697$7,734$5,531$4,427
28 years$18,722$13,759$9,944$7,086$4,991$3,954
29 years$17,882$12,980$9,254$6,498$4,507$3,534
30 years$17,099$12,258$8,620$5,964$4,072$3,160
31 years$16,368$11,588$8,036$5,477$3,682$2,827
32 years$15,684$10,964$7,498$5,034$3,330$2,530
33 years$15,043$10,383$7,001$4,629$3,014$2,266
34 years$14,441$9,841$6,541$4,259$2,729$2,029
35 years$13,875$9,334$6,115$3,921$2,471$1,818
36 years$13,341$8,860$5,721$3,611$2,239$1,630
37 years$12,837$8,415$5,354$3,327$2,030$1,461
38 years$12,361$7,997$5,014$3,066$1,840$1,310
39 years$11,911$7,604$4,698$2,827$1,669$1,175
40 years$11,484$7,235$4,403$2,608$1,513$1,054
41 years$11,079$6,887$4,129$2,406$1,373$946
42 years$10,694$6,559$3,873$2,221$1,246$849
43 years$10,329$6,249$3,634$2,050$1,131$762
44 years$9,980$5,957$3,411$1,893$1,026$684
45 years$9,649$5,680$3,203$1,748$932$614
46 years$9,332$5,419$3,009$1,615$846$551
47 years$9,030$5,171$2,826$1,492$768$495
48 years$8,741$4,937$2,656$1,378$698$444
49 years$8,465$4,714$2,497$1,274$634$399
50 years$8,201$4,503$2,347$1,177$575$358

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $8,400,000, adding $6,128 every year, while hoping to spend $35,755 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: 58/32/10 Blend
72$8,400,000$8,400,000$8,400,000$8,400,000
73$9,263,121$8,817,921$8,687,721$9,777,998
74$10,169,916$9,211,956$8,940,717$10,519,471
75$11,168,006$9,624,101$9,200,989$11,322,752
76$12,266,666$10,055,204$9,468,745$12,197,453
77$13,476,113$10,506,156$9,744,195$13,150,426
78$14,807,609$10,977,890$10,027,558$14,189,205
79$16,273,560$11,471,383$10,319,057$15,322,071
80$17,887,640$11,987,657$10,618,922$16,558,129
81$19,664,912$12,527,785$10,927,388$17,907,393
82$21,621,977$13,092,890$11,244,700$19,380,876
83$23,777,126$13,684,150$11,571,105$20,990,689
84$26,150,517$14,302,797$11,906,861$22,750,158
85$28,764,360$14,950,124$12,252,231$24,673,938
86$31,643,129$15,627,484$12,607,485$26,778,155
87$34,813,793$16,336,296$12,972,901$29,080,553
88$38,306,072$17,078,047$13,348,765$31,600,655
89$42,152,714$17,854,293$13,735,371$34,359,945
90$46,389,805$18,666,667$14,133,020$37,382,068
91$51,057,110$19,516,880$14,542,022$40,693,046
92$56,198,451$20,406,722$14,962,695$44,321,523
93$61,862,114$21,338,073$15,395,366$48,299,026
94$68,101,310$22,312,899$15,840,372$52,660,261
95$74,974,677$23,333,264$16,298,057$57,443,434
96$82,546,828$24,401,328$16,768,776$62,690,606
97$90,888,967$25,519,356$17,252,893$68,448,087
98$100,079,560$26,689,722$17,750,782$74,766,862
99$110,205,070$27,914,914$18,262,829$81,703,073
100$121,360,780$29,197,537$18,789,426$89,318,535