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%13.2%
1 years$718,438$712,038$705,795$699,701$693,750$684,514
2 years$355,662$349,038$342,619$336,395$330,357$321,066
3 years$234,753$228,100$221,697$215,531$209,592$200,536
4 years$174,310$167,678$161,339$155,278$149,483$140,731
5 years$138,054$131,462$125,205$119,269$113,635$105,212
6 years$113,891$107,348$101,185$95,380$89,915$81,832
7 years$96,638$90,151$84,085$78,417$73,125$65,385
8 years$83,705$77,276$71,311$65,782$60,664$53,266
9 years$73,651$67,283$61,420$56,032$51,088$44,028
10 years$65,612$59,306$53,547$48,300$43,530$36,803
11 years$59,040$52,797$47,142$42,035$37,437$31,037
12 years$53,566$47,388$41,837$36,871$32,442$26,362
13 years$48,939$42,825$37,379$32,551$28,290$22,522
14 years$44,976$38,926$33,585$28,895$24,799$19,334
15 years$41,544$35,560$30,323$25,770$21,835$16,663
16 years$38,544$32,626$27,492$23,074$19,298$14,410
17 years$35,900$30,047$25,017$20,732$17,111$12,498
18 years$33,553$27,765$22,837$18,683$15,214$10,865
19 years$31,454$25,732$20,906$16,882$13,561$9,465
20 years$29,569$23,911$19,187$15,290$12,113$8,261
21 years$27,864$22,273$17,648$13,877$10,839$7,221
22 years$26,317$20,791$16,265$12,617$9,716$6,320
23 years$24,907$19,445$15,018$11,491$8,722$5,538
24 years$23,616$18,219$13,889$10,480$7,839$4,857
25 years$22,430$17,097$12,864$9,571$7,054$4,264
26 years$21,337$16,069$11,931$8,751$6,354$3,746
27 years$20,327$15,123$11,079$8,010$5,729$3,293
28 years$19,390$14,250$10,299$7,339$5,169$2,897
29 years$18,520$13,443$9,584$6,730$4,668$2,550
30 years$17,709$12,696$8,928$6,177$4,217$2,245
31 years$16,953$12,002$8,323$5,673$3,813$1,978
32 years$16,244$11,356$7,765$5,213$3,449$1,742
33 years$15,580$10,754$7,251$4,794$3,121$1,536
34 years$14,957$10,193$6,775$4,411$2,826$1,354
35 years$14,370$9,668$6,334$4,061$2,560$1,194
36 years$13,818$9,176$5,925$3,740$2,319$1,053
37 years$13,296$8,715$5,546$3,446$2,102$929
38 years$12,803$8,282$5,193$3,176$1,906$820
39 years$12,336$7,876$4,866$2,928$1,728$723
40 years$11,894$7,493$4,561$2,701$1,567$638
41 years$11,475$7,133$4,276$2,492$1,422$564
42 years$11,076$6,793$4,011$2,300$1,290$497
43 years$10,697$6,472$3,764$2,123$1,171$439
44 years$10,337$6,169$3,533$1,960$1,063$388
45 years$9,993$5,883$3,318$1,810$965$342
46 years$9,665$5,612$3,116$1,672$876$302
47 years$9,353$5,356$2,927$1,545$796$267
48 years$9,054$5,113$2,751$1,428$723$236
49 years$8,768$4,883$2,586$1,319$656$208
50 years$8,494$4,664$2,431$1,219$596$184

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 $6,865 every year, while hoping to spend $37,774 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: 66/14/20 Blend
72$8,700,000$8,700,000$8,700,000$8,700,000
73$9,594,481$9,133,381$8,998,531$10,179,010
74$10,532,927$9,540,726$9,259,791$10,979,209
75$11,565,828$9,966,764$9,528,537$11,848,679
76$12,702,780$10,412,372$9,804,979$12,798,295
77$13,954,353$10,878,468$10,089,336$13,835,925
78$15,332,197$11,366,014$10,381,829$14,970,231
79$16,849,149$11,876,015$10,682,687$16,210,742
80$18,519,350$12,409,529$10,992,146$17,567,949
81$20,358,388$12,967,659$11,310,447$19,053,401
82$22,383,434$13,551,565$11,637,837$20,679,809
83$24,613,413$14,162,460$11,974,573$22,461,168
84$27,069,175$14,801,615$12,320,916$24,412,884
85$29,773,699$15,470,363$12,677,135$26,551,921
86$32,752,304$16,170,098$13,043,506$28,896,955
87$36,032,890$16,902,283$13,420,314$31,468,555
88$39,646,200$17,668,451$13,807,851$34,289,364
89$43,626,114$18,470,207$14,206,415$37,384,322
90$48,009,963$19,309,232$14,616,316$40,780,892
91$52,838,886$20,187,291$15,037,868$44,509,319
92$58,158,213$21,106,229$15,471,398$48,602,911
93$64,017,900$22,067,983$15,917,238$53,098,356
94$70,472,992$23,074,580$16,375,732$58,036,058
95$77,584,149$24,128,147$16,847,231$63,460,521
96$85,418,216$25,230,910$17,332,098$69,420,764
97$94,048,854$26,385,204$17,830,702$75,970,783
98$103,557,232$27,593,475$18,343,426$83,170,053
99$114,032,801$28,858,286$18,870,662$91,084,088
100$125,574,128$30,182,323$19,412,810$99,785,059