Can I retire at age 73 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$701,922$695,670$689,570$683,616$677,802$656,105
2 years$347,486$341,015$334,743$328,661$322,763$301,104
3 years$229,356$222,857$216,601$210,577$204,774$183,832
4 years$170,303$163,823$157,630$151,709$146,047$125,983
5 years$134,880$128,439$122,327$116,527$111,022$91,890
6 years$111,273$104,880$98,859$93,187$87,848$69,664
7 years$94,417$88,078$82,152$76,614$71,444$54,205
8 years$81,781$75,500$69,671$64,270$59,270$42,965
9 years$71,958$65,736$60,008$54,744$49,914$34,524
10 years$64,104$57,943$52,316$47,190$42,529$28,032
11 years$57,683$51,583$46,058$41,069$36,576$22,944
12 years$52,335$46,298$40,876$36,023$31,696$18,900
13 years$47,814$41,840$36,520$31,803$27,640$15,648
14 years$43,942$38,032$32,813$28,231$24,229$13,009
15 years$40,589$34,743$29,626$25,177$21,333$10,852
16 years$37,658$31,876$26,860$22,544$18,854$9,077
17 years$35,075$29,356$24,442$20,255$16,717$7,610
18 years$32,781$27,126$22,312$18,254$14,864$6,391
19 years$30,731$25,141$20,426$16,494$13,249$5,377
20 years$28,889$23,362$18,746$14,939$11,834$4,529
21 years$27,224$21,761$17,242$13,558$10,590$3,819
22 years$25,712$20,313$15,892$12,327$9,493$3,223
23 years$24,334$18,998$14,673$11,226$8,521$2,722
24 years$23,073$17,800$13,570$10,239$7,659$2,301
25 years$21,914$16,704$12,569$9,351$6,892$1,946
26 years$20,847$15,699$11,657$8,550$6,208$1,646
27 years$19,860$14,775$10,824$7,826$5,597$1,393
28 years$18,945$13,922$10,063$7,170$5,050$1,180
29 years$18,094$13,134$9,364$6,575$4,560$999
30 years$17,302$12,404$8,722$6,035$4,121$846
31 years$16,563$11,726$8,132$5,542$3,725$717
32 years$15,871$11,095$7,587$5,093$3,370$608
33 years$15,222$10,507$7,084$4,684$3,050$515
34 years$14,613$9,958$6,619$4,310$2,761$436
35 years$14,040$9,445$6,188$3,967$2,501$370
36 years$13,500$8,965$5,789$3,654$2,266$314
37 years$12,990$8,515$5,418$3,366$2,054$266
38 years$12,509$8,092$5,074$3,103$1,862$225
39 years$12,053$7,695$4,754$2,861$1,688$191
40 years$11,621$7,321$4,456$2,639$1,531$162
41 years$11,211$6,969$4,178$2,435$1,389$137
42 years$10,822$6,637$3,919$2,247$1,261$117
43 years$10,452$6,324$3,678$2,074$1,144$99
44 years$10,099$6,028$3,452$1,915$1,039$84
45 years$9,763$5,748$3,241$1,769$943$71
46 years$9,443$5,483$3,044$1,634$856$60
47 years$9,138$5,233$2,860$1,509$777$51
48 years$8,846$4,995$2,688$1,395$706$43
49 years$8,566$4,770$2,526$1,289$641$37
50 years$8,299$4,557$2,375$1,191$582$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $8,500,000, adding $4,567 every year, while hoping to spend $41,940 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: 41/48/11 Blend
72$8,500,000$8,500,000$8,500,000$8,500,000
73$9,371,711$8,921,211$8,789,461$9,725,239
74$10,283,002$9,313,726$9,039,284$10,366,424
75$11,285,838$9,724,069$9,296,070$11,055,432
76$12,389,514$10,153,069$9,560,009$11,800,211
77$13,604,270$10,601,595$9,831,295$12,605,847
78$14,941,388$11,070,555$10,110,125$13,477,920
79$16,413,300$11,560,903$10,396,706$14,422,550
80$18,033,706$12,073,637$10,691,245$15,446,451
81$19,817,701$12,609,802$10,993,958$16,556,996
82$21,781,916$13,170,492$11,305,065$17,762,275
83$23,944,680$13,756,855$11,624,793$19,071,173
84$26,326,187$14,370,091$11,953,374$20,493,445
85$28,948,692$15,011,459$12,291,046$22,039,808
86$31,836,715$15,682,276$12,638,052$23,722,030
87$35,017,276$16,383,925$12,994,644$25,553,045
88$38,520,152$17,117,850$13,361,077$27,547,064
89$42,378,150$17,885,568$13,737,617$29,719,703
90$46,627,427$18,688,666$14,124,532$32,088,128
91$51,307,820$19,528,807$14,522,100$34,671,208
92$56,463,233$20,407,733$14,930,605$37,489,688
93$62,142,041$21,327,270$15,350,338$40,566,379
94$68,397,553$22,289,330$15,781,599$43,926,364
95$75,288,514$23,295,918$16,224,693$47,597,229
96$82,879,657$24,349,132$16,679,934$51,609,314
97$91,242,315$25,451,173$17,147,645$55,995,993
98$100,455,096$26,604,345$17,628,156$60,793,982
99$110,604,622$27,811,064$18,121,805$66,043,673
100$121,786,347$29,073,860$18,628,939$71,789,507