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%13.4%
1 years$734,954$728,407$722,020$715,786$709,698$699,671
2 years$363,838$357,062$350,495$344,128$337,952$327,868
3 years$240,150$233,344$226,794$220,486$214,410$204,585
4 years$178,317$171,533$165,048$158,848$152,919$143,427
5 years$141,228$134,484$128,084$122,010$116,247$107,116
6 years$116,509$109,816$103,511$97,573$91,982$83,223
7 years$98,860$92,223$86,018$80,220$74,806$66,422
8 years$85,629$79,052$72,950$67,294$62,059$54,048
9 years$75,344$68,829$62,832$57,320$52,263$44,622
10 years$67,121$60,670$54,778$49,410$44,530$37,254
11 years$60,397$54,011$48,226$43,002$38,298$31,379
12 years$54,798$48,477$42,799$37,718$33,188$26,618
13 years$50,064$43,809$38,238$33,300$28,940$22,711
14 years$46,010$39,821$34,357$29,560$25,369$19,470
15 years$42,499$36,377$31,020$26,362$22,337$16,758
16 years$39,430$33,376$28,124$23,604$19,741$14,472
17 years$36,726$30,738$25,592$21,208$17,504$12,533
18 years$34,324$28,403$23,362$19,113$15,564$10,880
19 years$32,178$26,324$21,387$17,270$13,872$9,465
20 years$30,248$24,461$19,628$15,642$12,391$8,248
21 years$28,505$22,785$18,054$14,196$11,089$7,199
22 years$26,922$21,269$16,639$12,907$9,939$6,291
23 years$25,479$19,892$15,363$11,755$8,922$5,504
24 years$24,159$18,638$14,209$10,721$8,019$4,820
25 years$22,946$17,490$13,160$9,791$7,216$4,225
26 years$21,828$16,438$12,205$8,952$6,500$3,706
27 years$20,794$15,470$11,334$8,194$5,860$3,253
28 years$19,836$14,578$10,536$7,508$5,288$2,857
29 years$18,946$13,752$9,805$6,885$4,775$2,510
30 years$18,117$12,988$9,133$6,319$4,314$2,207
31 years$17,342$12,278$8,514$5,803$3,901$1,940
32 years$16,618$11,617$7,944$5,333$3,528$1,707
33 years$15,939$11,002$7,417$4,904$3,193$1,502
34 years$15,301$10,427$6,930$4,512$2,891$1,322
35 years$14,701$9,890$6,479$4,154$2,619$1,164
36 years$14,135$9,387$6,061$3,826$2,373$1,025
37 years$13,602$8,915$5,673$3,525$2,150$903
38 years$13,097$8,473$5,313$3,249$1,949$795
39 years$12,620$8,057$4,977$2,996$1,768$700
40 years$12,168$7,665$4,665$2,763$1,604$617
41 years$11,739$7,297$4,375$2,549$1,455$544
42 years$11,331$6,949$4,104$2,353$1,320$479
43 years$10,943$6,621$3,851$2,172$1,198$422
44 years$10,574$6,311$3,614$2,005$1,087$372
45 years$10,223$6,018$3,394$1,852$987$328
46 years$9,888$5,741$3,188$1,711$896$289
47 years$9,568$5,479$2,995$1,580$814$255
48 years$9,262$5,230$2,814$1,460$739$225
49 years$8,969$4,995$2,645$1,350$671$198
50 years$8,690$4,771$2,487$1,248$610$175

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 $2,314 every year, while hoping to spend $39,501 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: 30/46/24 Blend
72$8,900,000$8,900,000$8,900,000$8,900,000
73$9,810,187$9,338,487$9,200,537$10,031,396
74$10,768,797$9,754,044$9,466,726$10,617,579
75$11,823,862$10,188,639$9,740,509$11,244,083
76$12,985,177$10,643,165$10,022,098$11,917,269
77$14,263,539$11,118,553$10,311,711$12,641,211
78$15,670,840$11,615,782$10,609,573$13,420,369
79$17,220,187$12,135,877$10,915,915$14,259,626
80$18,926,021$12,679,910$11,230,974$15,164,334
81$20,804,256$13,249,006$11,554,992$16,140,357
82$22,872,426$13,844,343$11,888,220$17,194,123
83$25,149,852$14,467,155$12,230,915$18,332,677
84$27,657,826$15,118,735$12,583,339$19,563,749
85$30,419,808$15,800,436$12,945,765$20,895,815
86$33,461,650$16,513,679$13,318,469$22,338,176
87$36,811,839$17,259,950$13,701,738$23,901,037
88$40,501,766$18,040,807$14,095,866$25,595,602
89$44,566,021$18,857,882$14,501,153$27,434,169
90$49,042,723$19,712,885$14,917,909$29,430,241
91$53,973,873$20,607,609$15,346,452$31,598,649
92$59,405,758$21,543,932$15,787,108$33,955,681
93$65,389,382$22,523,821$16,240,212$36,519,232
94$71,980,948$23,549,338$16,706,109$39,308,963
95$79,242,393$24,622,643$17,185,151$42,346,482
96$87,241,965$25,746,001$17,677,702$45,655,534
97$96,054,875$26,921,785$18,184,135$49,262,220
98$105,764,000$28,152,480$18,704,831$53,195,235
99$116,460,669$29,440,692$19,240,183$57,486,127
100$128,245,523$30,789,152$19,790,595$62,169,586