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

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$734,954$728,407$722,020$715,786$709,698$705,226
2 years$363,838$357,062$350,495$344,128$337,952$333,440
3 years$240,150$233,344$226,794$220,486$214,410$210,000
4 years$178,317$171,533$165,048$158,848$152,919$148,643
5 years$141,228$134,484$128,084$122,010$116,247$112,118
6 years$116,509$109,816$103,511$97,573$91,982$88,006
7 years$98,860$92,223$86,018$80,220$74,806$70,985
8 years$85,629$79,052$72,950$67,294$62,059$58,392
9 years$75,344$68,829$62,832$57,320$52,263$48,749
10 years$67,121$60,670$54,778$49,410$44,530$41,169
11 years$60,397$54,011$48,226$43,002$38,298$35,086
12 years$54,798$48,477$42,799$37,718$33,188$30,123
13 years$50,064$43,809$38,238$33,300$28,940$26,020
14 years$46,010$39,821$34,357$29,560$25,369$22,588
15 years$42,499$36,377$31,020$26,362$22,337$19,693
16 years$39,430$33,376$28,124$23,604$19,741$17,230
17 years$36,726$30,738$25,592$21,208$17,504$15,122
18 years$34,324$28,403$23,362$19,113$15,564$13,306
19 years$32,178$26,324$21,387$17,270$13,872$11,735
20 years$30,248$24,461$19,628$15,642$12,391$10,370
21 years$28,505$22,785$18,054$14,196$11,089$9,180
22 years$26,922$21,269$16,639$12,907$9,939$8,138
23 years$25,479$19,892$15,363$11,755$8,922$7,224
24 years$24,159$18,638$14,209$10,721$8,019$6,420
25 years$22,946$17,490$13,160$9,791$7,216$5,711
26 years$21,828$16,438$12,205$8,952$6,500$5,085
27 years$20,794$15,470$11,334$8,194$5,860$4,531
28 years$19,836$14,578$10,536$7,508$5,288$4,041
29 years$18,946$13,752$9,805$6,885$4,775$3,605
30 years$18,117$12,988$9,133$6,319$4,314$3,219
31 years$17,342$12,278$8,514$5,803$3,901$2,875
32 years$16,618$11,617$7,944$5,333$3,528$2,569
33 years$15,939$11,002$7,417$4,904$3,193$2,297
34 years$15,301$10,427$6,930$4,512$2,891$2,054
35 years$14,701$9,890$6,479$4,154$2,619$1,837
36 years$14,135$9,387$6,061$3,826$2,373$1,644
37 years$13,602$8,915$5,673$3,525$2,150$1,471
38 years$13,097$8,473$5,313$3,249$1,949$1,317
39 years$12,620$8,057$4,977$2,996$1,768$1,179
40 years$12,168$7,665$4,665$2,763$1,604$1,056
41 years$11,739$7,297$4,375$2,549$1,455$946
42 years$11,331$6,949$4,104$2,353$1,320$847
43 years$10,943$6,621$3,851$2,172$1,198$759
44 years$10,574$6,311$3,614$2,005$1,087$680
45 years$10,223$6,018$3,394$1,852$987$609
46 years$9,888$5,741$3,188$1,711$896$546
47 years$9,568$5,479$2,995$1,580$814$489
48 years$9,262$5,230$2,814$1,460$739$439
49 years$8,969$4,995$2,645$1,350$671$393
50 years$8,690$4,771$2,487$1,248$610$353

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 $6,043 every year, while hoping to spend $46,748 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: 47/32/21 Blend
72$8,900,000$8,900,000$8,900,000$8,900,000
73$9,814,033$9,342,333$9,204,383$10,216,348
74$10,765,325$9,750,368$9,462,991$10,906,111
75$11,812,082$10,176,830$9,728,695$11,649,200
76$12,963,992$10,622,572$10,001,683$12,454,810
77$14,231,730$11,088,489$10,282,150$13,328,809
78$15,627,057$11,575,516$10,570,293$14,277,649
79$17,162,934$12,084,633$10,866,315$15,308,414
80$18,853,641$12,616,868$11,170,424$16,428,891
81$20,714,913$13,173,294$11,482,834$17,647,637
82$22,764,087$13,755,039$11,803,762$18,974,057
83$25,020,270$14,363,282$12,133,434$20,418,491
84$27,504,512$14,999,257$12,472,079$21,992,307
85$30,240,010$15,664,259$12,819,931$23,708,006
86$33,252,325$16,359,641$13,177,233$25,579,333
87$36,569,623$17,086,825$13,544,231$27,621,407
88$40,222,940$17,847,295$13,921,179$29,850,858
89$44,246,478$18,642,610$14,308,335$32,285,978
90$48,677,921$19,474,400$14,705,967$34,946,891
91$53,558,798$20,344,375$15,114,346$37,855,740
92$58,934,869$21,254,323$15,533,751$41,036,887
93$64,856,562$22,206,122$15,964,468$44,517,142
94$71,379,444$23,201,733$16,406,789$48,326,009
95$78,564,745$24,243,217$16,861,015$52,495,958
96$86,479,943$25,332,728$17,327,453$57,062,728
97$95,199,390$26,472,525$17,806,416$62,065,657
98$104,805,024$27,664,975$18,298,227$67,548,046
99$115,387,135$28,912,556$18,803,215$73,557,566
100$127,045,218$30,217,867$19,321,719$80,146,694