Can I retire at age 73 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$776,243$769,329$762,583$755,999$749,569$730,559
2 years$384,279$377,122$370,186$363,461$356,938$337,909
3 years$253,641$246,453$239,535$232,873$226,456$208,004
4 years$188,335$181,169$174,320$167,772$161,510$143,776
5 years$149,162$142,039$135,279$128,865$122,778$105,811
6 years$123,055$115,985$109,326$103,054$97,150$80,967
7 years$104,414$97,404$90,850$84,727$79,009$63,612
8 years$90,440$83,494$77,048$71,075$65,545$50,927
9 years$79,577$72,696$66,362$60,540$55,199$41,347
10 years$70,892$64,078$57,856$52,186$47,032$33,930
11 years$63,790$57,045$50,935$45,418$40,449$28,077
12 years$57,876$51,201$45,204$39,837$35,052$23,389
13 years$52,876$46,270$40,386$35,170$30,566$19,589
14 years$48,594$42,058$36,287$31,220$26,794$16,478
15 years$44,887$38,421$32,763$27,843$23,592$13,910
16 years$41,646$35,251$29,704$24,930$20,850$11,778
17 years$38,789$32,465$27,030$22,400$18,487$9,997
18 years$36,252$29,999$24,675$20,187$16,438$8,503
19 years$33,985$27,802$22,588$18,240$14,652$7,245
20 years$31,948$25,835$20,730$16,520$13,087$6,182
21 years$30,106$24,065$19,068$14,993$11,712$5,282
22 years$28,435$22,463$17,574$13,632$10,498$4,518
23 years$26,911$21,010$16,227$12,415$9,423$3,867
24 years$25,516$19,685$15,007$11,323$8,470$3,313
25 years$24,235$18,473$13,899$10,341$7,622$2,840
26 years$23,054$17,362$12,891$9,455$6,865$2,436
27 years$21,962$16,339$11,970$8,655$6,190$2,090
28 years$20,951$15,397$11,128$7,930$5,585$1,794
29 years$20,010$14,525$10,356$7,272$5,043$1,541
30 years$19,134$13,717$9,646$6,674$4,557$1,324
31 years$18,317$12,967$8,993$6,129$4,120$1,137
32 years$17,551$12,270$8,390$5,633$3,727$978
33 years$16,834$11,620$7,834$5,180$3,373$840
34 years$16,160$11,013$7,320$4,766$3,054$722
35 years$15,527$10,445$6,843$4,387$2,766$621
36 years$14,929$9,914$6,402$4,041$2,506$534
37 years$14,366$9,416$5,992$3,723$2,271$459
38 years$13,833$8,949$5,611$3,431$2,059$395
39 years$13,329$8,509$5,257$3,164$1,867$340
40 years$12,851$8,096$4,927$2,918$1,694$292
41 years$12,398$7,707$4,620$2,692$1,536$252
42 years$11,968$7,340$4,334$2,485$1,394$216
43 years$11,558$6,993$4,067$2,294$1,265$186
44 years$11,169$6,666$3,818$2,118$1,149$160
45 years$10,797$6,357$3,585$1,956$1,043$138
46 years$10,443$6,064$3,367$1,807$947$119
47 years$10,105$5,787$3,163$1,669$860$102
48 years$9,782$5,524$2,972$1,542$781$88
49 years$9,473$5,275$2,794$1,425$709$76
50 years$9,178$5,039$2,627$1,318$644$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $9,400,000, adding $3,843 every year, while hoping to spend $30,005 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: 47/24/29 Blend
72$9,400,000$9,400,000$9,400,000$9,400,000
73$10,362,764$9,864,564$9,718,864$10,763,407
74$11,387,841$10,316,003$10,012,521$11,498,494
75$12,516,470$10,788,556$10,315,010$12,292,756
76$13,759,182$11,283,227$10,626,594$13,154,404
77$15,127,580$11,801,067$10,947,547$14,089,792
78$16,634,452$12,343,178$11,278,148$15,105,905
79$18,293,886$12,910,713$11,618,686$16,210,419
80$20,121,407$13,504,884$11,969,458$17,411,767
81$22,134,125$14,126,957$12,330,769$18,719,221
82$24,350,891$14,778,263$12,702,934$20,142,976
83$26,792,477$15,460,194$13,086,278$21,694,238
84$29,481,776$16,174,209$13,481,135$23,385,331
85$32,444,013$16,921,841$13,887,848$25,229,808
86$35,706,983$17,704,692$14,306,772$27,242,577
87$39,301,316$18,524,443$14,738,270$29,440,035
88$43,260,767$19,382,857$15,182,718$31,840,219
89$47,622,530$20,281,781$15,640,504$34,462,977
90$52,427,590$21,223,151$16,112,023$37,330,142
91$57,721,116$22,208,997$16,597,687$40,465,742
92$63,552,877$23,241,445$17,097,917$43,896,218
93$69,977,720$24,322,725$17,613,147$47,650,669
94$77,056,084$25,455,176$18,143,824$51,761,120
95$84,854,571$26,641,246$18,690,409$56,262,823
96$93,446,576$27,883,506$19,253,376$61,194,581
97$102,912,975$29,184,646$19,833,212$66,599,107
98$113,342,895$30,547,490$20,430,421$72,523,424
99$124,834,549$31,974,996$21,045,520$79,019,301
100$137,496,169$33,470,267$21,679,040$86,143,737