Can I retire at age 73 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$718,438$712,038$705,795$699,701$693,750$666,225
2 years$355,662$349,038$342,619$336,395$330,357$302,967
3 years$234,753$228,100$221,697$215,531$209,592$183,200
4 years$174,310$167,678$161,339$155,278$149,483$124,289
5 years$138,054$131,462$125,205$119,269$113,635$89,703
6 years$113,891$107,348$101,185$95,380$89,915$67,262
7 years$96,638$90,151$84,085$78,417$73,125$51,741
8 years$83,705$77,276$71,311$65,782$60,664$40,529
9 years$73,651$67,283$61,420$56,032$51,088$32,170
10 years$65,612$59,306$53,547$48,300$43,530$25,792
11 years$59,040$52,797$47,142$42,035$37,437$20,838
12 years$53,566$47,388$41,837$36,871$32,442$16,938
13 years$48,939$42,825$37,379$32,551$28,290$13,833
14 years$44,976$38,926$33,585$28,895$24,799$11,341
15 years$41,544$35,560$30,323$25,770$21,835$9,326
16 years$38,544$32,626$27,492$23,074$19,298$7,689
17 years$35,900$30,047$25,017$20,732$17,111$6,351
18 years$33,553$27,765$22,837$18,683$15,214$5,255
19 years$31,454$25,732$20,906$16,882$13,561$4,355
20 years$29,569$23,911$19,187$15,290$12,113$3,612
21 years$27,864$22,273$17,648$13,877$10,839$2,999
22 years$26,317$20,791$16,265$12,617$9,716$2,492
23 years$24,907$19,445$15,018$11,491$8,722$2,072
24 years$23,616$18,219$13,889$10,480$7,839$1,724
25 years$22,430$17,097$12,864$9,571$7,054$1,434
26 years$21,337$16,069$11,931$8,751$6,354$1,194
27 years$20,327$15,123$11,079$8,010$5,729$994
28 years$19,390$14,250$10,299$7,339$5,169$828
29 years$18,520$13,443$9,584$6,730$4,668$690
30 years$17,709$12,696$8,928$6,177$4,217$575
31 years$16,953$12,002$8,323$5,673$3,813$479
32 years$16,244$11,356$7,765$5,213$3,449$400
33 years$15,580$10,754$7,251$4,794$3,121$333
34 years$14,957$10,193$6,775$4,411$2,826$278
35 years$14,370$9,668$6,334$4,061$2,560$232
36 years$13,818$9,176$5,925$3,740$2,319$193
37 years$13,296$8,715$5,546$3,446$2,102$161
38 years$12,803$8,282$5,193$3,176$1,906$134
39 years$12,336$7,876$4,866$2,928$1,728$112
40 years$11,894$7,493$4,561$2,701$1,567$93
41 years$11,475$7,133$4,276$2,492$1,422$78
42 years$11,076$6,793$4,011$2,300$1,290$65
43 years$10,697$6,472$3,764$2,123$1,171$54
44 years$10,337$6,169$3,533$1,960$1,063$45
45 years$9,993$5,883$3,318$1,810$965$38
46 years$9,665$5,612$3,116$1,672$876$31
47 years$9,353$5,356$2,927$1,545$796$26
48 years$9,054$5,113$2,751$1,428$723$22
49 years$8,768$4,883$2,586$1,319$656$18
50 years$8,494$4,664$2,431$1,219$596$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $8,700,000, adding $4,255 every year, while hoping to spend $43,697 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: 68/11/21 Blend
72$8,700,000$8,700,000$8,700,000$8,700,000
73$9,591,789$9,130,689$8,995,839$10,193,346
74$10,523,658$9,531,600$9,250,706$10,997,389
75$11,549,114$9,950,690$9,512,647$11,871,154
76$12,677,655$10,388,805$9,781,852$12,825,942
77$13,919,749$10,846,830$10,058,518$13,869,742
78$15,286,929$11,325,691$10,342,844$15,011,348
79$16,791,904$11,826,358$10,635,037$16,260,440
80$18,448,676$12,349,847$10,935,309$17,627,673
81$20,272,674$12,897,223$11,243,875$19,124,781
82$22,280,901$13,469,601$11,560,959$20,764,679
83$24,492,090$14,068,148$11,886,788$22,561,592
84$26,926,884$14,694,089$12,221,597$24,531,180
85$29,608,030$15,348,703$12,565,624$26,690,689
86$32,560,593$16,033,333$12,919,117$29,059,110
87$35,812,193$16,749,386$13,282,326$31,657,357
88$39,393,264$17,498,333$13,655,511$34,508,463
89$43,337,343$18,281,718$14,038,937$37,637,795
90$47,681,387$19,101,156$14,432,876$41,073,291
91$52,466,117$19,958,342$14,837,606$44,845,725
92$57,736,409$20,855,048$15,253,414$48,988,989
93$63,541,711$21,793,134$15,680,591$53,540,418
94$69,936,513$22,774,545$16,119,439$58,541,133
95$76,980,862$23,801,323$16,570,265$64,036,434
96$84,740,926$24,875,604$17,033,385$70,076,220
97$93,289,619$25,999,627$17,509,122$76,715,458
98$102,707,289$27,175,738$17,997,807$84,014,701
99$113,082,479$28,406,396$18,499,780$92,040,657
100$124,512,759$29,694,175$19,015,389$100,866,813