Can I retire at age 73 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$710,180$703,854$697,682$691,658$685,776$678,332
2 years$351,574$345,026$338,681$332,528$326,560$319,065
3 years$232,055$225,479$219,149$213,054$207,183$199,869
4 years$172,307$165,751$159,484$153,493$147,765$140,689
5 years$136,467$129,951$123,766$117,898$112,328$105,511
6 years$112,582$106,114$100,022$94,284$88,882$82,331
7 years$95,528$89,115$83,118$77,516$72,285$66,004
8 years$82,743$76,388$70,491$65,026$59,967$53,955
9 years$72,804$66,509$60,714$55,388$50,501$44,756
10 years$64,858$58,625$52,932$47,745$43,029$37,548
11 years$58,361$52,190$46,600$41,552$37,007$31,784
12 years$52,951$46,843$41,357$36,447$32,069$27,099
13 years$48,376$42,332$36,949$32,177$27,965$23,242
14 years$44,459$38,479$33,199$28,563$24,514$20,032
15 years$41,066$35,151$29,974$25,473$21,584$17,336
16 years$38,101$32,251$27,176$22,809$19,076$15,054
17 years$35,488$29,702$24,729$20,493$16,914$13,111
18 years$33,167$27,446$22,575$18,469$15,039$11,447
19 years$31,093$25,436$20,666$16,688$13,405$10,016
20 years$29,229$23,637$18,966$15,114$11,973$8,780
21 years$27,544$22,017$17,445$13,717$10,715$7,709
22 years$26,015$20,552$16,078$12,472$9,604$6,778
23 years$24,621$19,222$14,846$11,359$8,621$5,967
24 years$23,344$18,009$13,730$10,360$7,749$5,258
25 years$22,172$16,901$12,716$9,461$6,973$4,638
26 years$21,092$15,884$11,794$8,651$6,281$4,094
27 years$20,093$14,949$10,952$7,918$5,663$3,616
28 years$19,168$14,086$10,181$7,255$5,110$3,197
29 years$18,307$13,289$9,474$6,653$4,614$2,827
30 years$17,506$12,550$8,825$6,106$4,169$2,501
31 years$16,758$11,864$8,227$5,607$3,769$2,214
32 years$16,058$11,225$7,676$5,153$3,409$1,961
33 years$15,401$10,631$7,167$4,739$3,086$1,737
34 years$14,785$10,076$6,697$4,360$2,794$1,539
35 years$14,205$9,556$6,261$4,014$2,530$1,364
36 years$13,659$9,070$5,857$3,697$2,293$1,209
37 years$13,143$8,615$5,482$3,406$2,078$1,072
38 years$12,656$8,187$5,134$3,139$1,884$951
39 years$12,195$7,785$4,810$2,895$1,708$843
40 years$11,758$7,407$4,508$2,670$1,549$748
41 years$11,343$7,051$4,227$2,463$1,406$664
42 years$10,949$6,715$3,965$2,273$1,276$589
43 years$10,575$6,398$3,721$2,099$1,158$523
44 years$10,218$6,099$3,493$1,938$1,051$464
45 years$9,878$5,816$3,279$1,790$954$412
46 years$9,554$5,548$3,080$1,653$866$366
47 years$9,245$5,294$2,894$1,527$786$324
48 years$8,950$5,054$2,719$1,411$714$288
49 years$8,667$4,826$2,556$1,304$649$256
50 years$8,397$4,610$2,403$1,205$589$227

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $8,600,000, adding $3,153 every year, while hoping to spend $46,505 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: 49/43/8 Blend
72$8,600,000$8,600,000$8,600,000$8,600,000
73$9,480,452$9,024,652$8,891,352$9,924,902
74$10,397,977$9,417,379$9,139,732$10,621,918
75$11,407,532$9,827,791$9,394,873$11,373,392
76$12,518,452$10,256,706$9,656,954$12,188,525
77$13,741,029$10,704,979$9,926,156$13,073,274
78$15,086,597$11,173,506$10,202,666$14,034,181
79$16,567,649$11,663,227$10,486,674$15,078,430
80$18,197,949$12,175,124$10,778,377$16,213,912
81$19,992,661$12,710,227$11,077,974$17,449,299
82$21,968,497$13,269,613$11,385,671$18,794,116
83$24,143,872$13,854,411$11,701,679$20,258,835
84$26,539,074$14,465,804$12,026,212$21,854,961
85$29,176,461$15,105,030$12,359,492$23,595,145
86$32,080,669$15,773,386$12,701,744$25,493,294
87$35,278,845$16,472,230$13,053,200$27,564,698
88$38,800,902$17,202,984$13,414,097$29,826,171
89$42,679,803$17,967,139$13,784,679$32,296,204
90$46,951,870$18,766,256$14,165,192$34,995,136
91$51,657,128$19,601,970$14,555,893$37,945,339
92$56,839,681$20,475,993$14,957,042$41,171,421
93$62,548,131$21,390,119$15,368,905$44,700,458
94$68,836,033$22,346,227$15,791,756$48,562,240
95$75,762,402$23,346,287$16,225,874$52,789,544
96$83,392,272$24,392,359$16,671,546$57,418,442
97$91,797,305$25,486,606$17,129,064$62,488,628
98$101,056,471$26,631,290$17,598,728$68,043,792
99$111,256,790$27,828,783$18,080,844$74,132,016
100$122,494,157$29,081,568$18,575,728$80,806,230