Can I retire at age 73 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$767,985$761,144$754,470$747,956$741,595$737,540
2 years$380,191$373,110$366,248$359,594$353,141$349,049
3 years$250,943$243,832$236,987$230,396$224,047$220,045
4 years$186,331$179,242$172,466$165,987$159,792$155,911
5 years$147,575$140,528$133,840$127,494$121,471$117,723
6 years$121,745$114,752$108,163$101,958$96,116$92,504
7 years$103,303$96,368$89,884$83,825$78,168$74,695
8 years$89,478$82,605$76,229$70,319$64,848$61,514
9 years$78,730$71,923$65,656$59,896$54,611$51,416
10 years$70,137$63,396$57,240$51,631$46,532$43,473
11 years$63,111$56,438$50,393$44,934$40,019$37,095
12 years$57,261$50,656$44,723$39,414$34,679$31,888
13 years$52,314$45,778$39,957$34,796$30,241$27,579
14 years$48,077$41,611$35,901$30,888$26,509$23,973
15 years$44,409$38,012$32,414$27,547$23,341$20,928
16 years$41,203$34,876$29,388$24,665$20,629$18,336
17 years$38,376$32,119$26,742$22,162$18,291$16,114
18 years$35,867$29,680$24,412$19,972$16,263$14,200
19 years$33,624$27,507$22,348$18,046$14,496$12,541
20 years$31,608$25,561$20,510$16,344$12,948$11,098
21 years$29,786$23,809$18,865$14,834$11,587$9,838
22 years$28,132$22,225$17,387$13,487$10,386$8,735
23 years$26,625$20,786$16,054$12,283$9,323$7,765
24 years$25,245$19,475$14,847$11,203$8,380$6,912
25 years$23,977$18,277$13,752$10,231$7,541$6,158
26 years$22,809$17,177$12,754$9,355$6,792$5,492
27 years$21,729$16,166$11,843$8,563$6,124$4,901
28 years$20,728$15,233$11,010$7,845$5,526$4,378
29 years$19,797$14,370$10,245$7,194$4,990$3,912
30 years$18,931$13,571$9,543$6,603$4,508$3,498
31 years$18,122$12,829$8,897$6,064$4,076$3,130
32 years$17,365$12,139$8,301$5,573$3,687$2,801
33 years$16,655$11,496$7,751$5,125$3,337$2,508
34 years$15,988$10,896$7,242$4,715$3,021$2,247
35 years$15,361$10,334$6,771$4,341$2,736$2,013
36 years$14,771$9,809$6,334$3,998$2,479$1,804
37 years$14,213$9,316$5,928$3,683$2,247$1,618
38 years$13,686$8,854$5,551$3,395$2,037$1,451
39 years$13,187$8,419$5,201$3,130$1,847$1,301
40 years$12,715$8,010$4,875$2,887$1,676$1,167
41 years$12,266$7,625$4,571$2,664$1,520$1,047
42 years$11,840$7,261$4,288$2,458$1,379$940
43 years$11,435$6,919$4,024$2,269$1,252$843
44 years$11,050$6,595$3,777$2,095$1,136$757
45 years$10,682$6,289$3,546$1,935$1,032$679
46 years$10,332$5,999$3,331$1,788$937$610
47 years$9,998$5,725$3,129$1,651$850$548
48 years$9,678$5,466$2,941$1,526$772$492
49 years$9,372$5,219$2,764$1,410$701$441
50 years$9,080$4,986$2,599$1,304$637$396

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $9,300,000, adding $6,204 every year, while hoping to spend $58,622 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: 33/49/18 Blend
72$9,300,000$9,300,000$9,300,000$9,300,000
73$10,254,999$9,762,099$9,617,949$10,535,969
74$11,238,636$10,178,069$9,877,777$11,160,208
75$12,320,639$10,612,456$10,144,345$11,826,683
76$13,510,979$11,066,102$10,417,816$12,543,743
77$14,820,644$11,539,886$10,698,357$13,315,868
78$16,261,738$12,034,728$10,986,141$14,147,964
79$17,847,599$12,551,594$11,281,340$15,045,410
80$19,592,924$13,091,492$11,584,135$16,014,103
81$21,513,906$13,655,478$11,894,707$17,060,508
82$23,628,386$14,244,659$12,213,242$18,191,717
83$25,956,025$14,860,191$12,539,929$19,415,511
84$28,518,487$15,503,287$12,874,963$20,740,425
85$31,339,640$16,175,216$13,218,542$22,175,830
86$34,445,787$16,877,305$13,570,867$23,732,012
87$37,865,911$17,610,946$13,932,145$25,420,263
88$41,631,946$18,377,596$14,302,584$27,252,985
89$45,779,085$19,178,778$14,682,401$29,243,799
90$50,346,102$20,016,089$15,071,812$31,407,669
91$55,375,729$20,891,201$15,471,042$33,761,034
92$60,915,049$21,805,866$15,880,317$36,321,959
93$67,015,945$22,761,915$16,299,870$39,110,297
94$73,735,591$23,761,268$16,729,935$42,147,872
95$81,136,988$24,805,937$17,170,754$45,458,673
96$89,289,559$25,898,026$17,622,573$49,069,073
97$98,269,805$27,039,740$18,085,640$53,008,074
98$108,162,026$28,233,388$18,560,210$57,307,566
99$119,059,118$29,481,390$19,046,542$62,002,623
100$131,063,447$30,786,277$19,544,900$67,131,824