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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.2%
1 years$718,438$712,038$705,795$699,701$693,750$687,364
2 years$355,662$349,038$342,619$336,395$330,357$323,923
3 years$234,753$228,100$221,697$215,531$209,592$203,309
4 years$174,310$167,678$161,339$155,278$149,483$143,399
5 years$138,054$131,462$125,205$119,269$113,635$107,769
6 years$113,891$107,348$101,185$95,380$89,915$84,274
7 years$96,638$90,151$84,085$78,417$73,125$67,712
8 years$83,705$77,276$71,311$65,782$60,664$55,478
9 years$73,651$67,283$61,420$56,032$51,088$46,128
10 years$65,612$59,306$53,547$48,300$43,530$38,792
11 years$59,040$52,797$47,142$42,035$37,437$32,918
12 years$53,566$47,388$41,837$36,871$32,442$28,138
13 years$48,939$42,825$37,379$32,551$28,290$24,195
14 years$44,976$38,926$33,585$28,895$24,799$20,909
15 years$41,544$35,560$30,323$25,770$21,835$18,143
16 years$38,544$32,626$27,492$23,074$19,298$15,799
17 years$35,900$30,047$25,017$20,732$17,111$13,798
18 years$33,553$27,765$22,837$18,683$15,214$12,082
19 years$31,454$25,732$20,906$16,882$13,561$10,602
20 years$29,569$23,911$19,187$15,290$12,113$9,321
21 years$27,864$22,273$17,648$13,877$10,839$8,208
22 years$26,317$20,791$16,265$12,617$9,716$7,239
23 years$24,907$19,445$15,018$11,491$8,722$6,392
24 years$23,616$18,219$13,889$10,480$7,839$5,650
25 years$22,430$17,097$12,864$9,571$7,054$4,999
26 years$21,337$16,069$11,931$8,751$6,354$4,427
27 years$20,327$15,123$11,079$8,010$5,729$3,923
28 years$19,390$14,250$10,299$7,339$5,169$3,479
29 years$18,520$13,443$9,584$6,730$4,668$3,086
30 years$17,709$12,696$8,928$6,177$4,217$2,740
31 years$16,953$12,002$8,323$5,673$3,813$2,433
32 years$16,244$11,356$7,765$5,213$3,449$2,162
33 years$15,580$10,754$7,251$4,794$3,121$1,921
34 years$14,957$10,193$6,775$4,411$2,826$1,708
35 years$14,370$9,668$6,334$4,061$2,560$1,519
36 years$13,818$9,176$5,925$3,740$2,319$1,351
37 years$13,296$8,715$5,546$3,446$2,102$1,202
38 years$12,803$8,282$5,193$3,176$1,906$1,070
39 years$12,336$7,876$4,866$2,928$1,728$952
40 years$11,894$7,493$4,561$2,701$1,567$848
41 years$11,475$7,133$4,276$2,492$1,422$755
42 years$11,076$6,793$4,011$2,300$1,290$672
43 years$10,697$6,472$3,764$2,123$1,171$598
44 years$10,337$6,169$3,533$1,960$1,063$533
45 years$9,993$5,883$3,318$1,810$965$475
46 years$9,665$5,612$3,116$1,672$876$423
47 years$9,353$5,356$2,927$1,545$796$377
48 years$9,054$5,113$2,751$1,428$723$335
49 years$8,768$4,883$2,586$1,319$656$299
50 years$8,494$4,664$2,431$1,219$596$266

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 $5,206 every year, while hoping to spend $21,883 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: 59/18/23 Blend
72$8,700,000$8,700,000$8,700,000$8,700,000
73$9,592,770$9,131,670$8,996,820$10,099,446
74$10,547,949$9,555,838$9,274,930$10,868,882
75$11,599,823$10,000,058$9,561,624$11,704,872
76$12,758,232$10,465,287$9,857,165$12,616,200
77$14,034,018$10,952,533$10,161,826$13,610,172
78$15,439,129$11,462,848$10,475,889$14,694,821
79$16,986,731$11,997,339$10,799,642$15,878,985
80$18,691,333$12,557,163$11,133,385$17,172,387
81$20,568,920$13,143,535$11,477,424$18,585,723
82$22,637,110$13,757,729$11,832,078$20,130,763
83$24,915,315$14,401,077$12,197,672$21,820,460
84$27,424,927$15,074,981$12,574,545$23,669,065
85$30,189,520$15,780,905$12,963,043$25,692,265
86$33,235,070$16,520,388$13,363,523$27,907,325
87$36,590,202$17,295,042$13,776,356$30,333,249
88$40,286,459$18,106,556$14,201,921$32,990,955
89$44,358,603$18,956,702$14,640,610$35,903,471
90$48,844,938$19,847,337$15,092,827$39,096,150
91$53,787,673$20,780,409$15,558,989$42,596,902
92$59,233,326$21,757,958$16,039,525$46,436,458
93$65,233,153$22,782,126$16,534,877$50,648,655
94$71,843,640$23,855,156$17,045,501$55,270,750
95$79,127,034$24,979,401$17,571,867$60,343,771
96$87,151,926$26,157,327$18,114,460$65,912,897
97$95,993,907$27,391,520$18,673,779$72,027,881
98$105,736,273$28,684,692$19,250,338$78,743,515
99$116,470,816$30,039,686$19,844,668$86,120,144
100$128,298,691$31,459,481$20,457,315$94,224,228