Can I retire at age 73 with 8,900,000?

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$734,954$728,407$722,020$715,786$709,698$702,287
2 years$363,838$357,062$350,495$344,128$337,952$330,488
3 years$240,150$233,344$226,794$220,486$214,410$207,126
4 years$178,317$171,533$165,048$158,848$152,919$145,871
5 years$141,228$134,484$128,084$122,010$116,247$109,454
6 years$116,509$109,816$103,511$97,573$91,982$85,454
7 years$98,860$92,223$86,018$80,220$74,806$68,545
8 years$85,629$79,052$72,950$67,294$62,059$56,065
9 years$75,344$68,829$62,832$57,320$52,263$46,534
10 years$67,121$60,670$54,778$49,410$44,530$39,062
11 years$60,397$54,011$48,226$43,002$38,298$33,086
12 years$54,798$48,477$42,799$37,718$33,188$28,228
13 years$50,064$43,809$38,238$33,300$28,940$24,226
14 years$46,010$39,821$34,357$29,560$25,369$20,894
15 years$42,499$36,377$31,020$26,362$22,337$18,094
16 years$39,430$33,376$28,124$23,604$19,741$15,723
17 years$36,726$30,738$25,592$21,208$17,504$13,703
18 years$34,324$28,403$23,362$19,113$15,564$11,973
19 years$32,178$26,324$21,387$17,270$13,872$10,484
20 years$30,248$24,461$19,628$15,642$12,391$9,197
21 years$28,505$22,785$18,054$14,196$11,089$8,081
22 years$26,922$21,269$16,639$12,907$9,939$7,110
23 years$25,479$19,892$15,363$11,755$8,922$6,264
24 years$24,159$18,638$14,209$10,721$8,019$5,524
25 years$22,946$17,490$13,160$9,791$7,216$4,876
26 years$21,828$16,438$12,205$8,952$6,500$4,308
27 years$20,794$15,470$11,334$8,194$5,860$3,808
28 years$19,836$14,578$10,536$7,508$5,288$3,369
29 years$18,946$13,752$9,805$6,885$4,775$2,982
30 years$18,117$12,988$9,133$6,319$4,314$2,641
31 years$17,342$12,278$8,514$5,803$3,901$2,339
32 years$16,618$11,617$7,944$5,333$3,528$2,073
33 years$15,939$11,002$7,417$4,904$3,193$1,838
34 years$15,301$10,427$6,930$4,512$2,891$1,630
35 years$14,701$9,890$6,479$4,154$2,619$1,446
36 years$14,135$9,387$6,061$3,826$2,373$1,283
37 years$13,602$8,915$5,673$3,525$2,150$1,139
38 years$13,097$8,473$5,313$3,249$1,949$1,011
39 years$12,620$8,057$4,977$2,996$1,768$897
40 years$12,168$7,665$4,665$2,763$1,604$797
41 years$11,739$7,297$4,375$2,549$1,455$707
42 years$11,331$6,949$4,104$2,353$1,320$628
43 years$10,943$6,621$3,851$2,172$1,198$558
44 years$10,574$6,311$3,614$2,005$1,087$496
45 years$10,223$6,018$3,394$1,852$987$440
46 years$9,888$5,741$3,188$1,711$896$391
47 years$9,568$5,479$2,995$1,580$814$348
48 years$9,262$5,230$2,814$1,460$739$309
49 years$8,969$4,995$2,645$1,350$671$274
50 years$8,690$4,771$2,487$1,248$610$244

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $8,900,000, adding $5,780 every year, while hoping to spend $55,825 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: 56/33/11 Blend
72$8,900,000$8,900,000$8,900,000$8,900,000
73$9,813,762$9,342,062$9,204,112$10,336,121
74$10,755,368$9,740,426$9,453,052$11,088,439
75$11,791,148$10,156,438$9,708,461$11,900,830
76$12,930,646$10,590,905$9,970,496$12,784,375
77$14,184,383$11,044,671$10,239,319$13,745,875
78$15,563,948$11,518,617$10,515,094$14,792,807
79$17,082,110$12,013,668$10,797,989$15,933,392
80$18,752,939$12,530,793$11,088,176$17,176,665
81$20,591,940$13,071,002$11,385,830$18,532,566
82$22,616,194$13,635,358$11,691,132$20,012,023
83$24,844,524$14,224,968$12,004,263$21,627,059
84$27,297,670$14,840,996$12,325,410$23,390,895
85$29,998,486$15,484,659$12,654,765$25,318,078
86$32,972,153$16,157,229$12,992,521$27,424,611
87$36,246,420$16,860,040$13,338,878$29,728,103
88$39,851,862$17,594,489$13,694,037$32,247,930
89$43,822,170$18,362,037$14,058,206$35,005,412
90$48,194,471$19,164,217$14,431,595$38,024,014
91$53,009,673$20,002,629$14,814,420$41,329,563
92$58,312,856$20,878,954$15,206,899$44,950,484
93$64,153,693$21,794,949$15,609,257$48,918,065
94$70,586,923$22,752,455$16,021,720$53,266,751
95$77,672,864$23,753,400$16,444,522$58,034,457
96$85,477,982$24,799,803$16,877,900$63,262,930
97$94,075,520$25,893,777$17,322,093$68,998,127
98$103,546,189$27,037,538$17,777,349$75,290,651
99$113,978,928$28,233,405$18,243,918$82,196,221
100$125,471,743$29,483,806$18,722,054$89,776,188