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

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$776,243$769,329$762,583$755,999$749,569$723,838
2 years$384,279$377,122$370,186$363,461$356,938$331,276
3 years$253,641$246,453$239,535$232,873$226,456$201,670
4 years$188,335$181,169$174,320$167,772$161,510$137,789
5 years$149,162$142,039$135,279$128,865$122,778$100,184
6 years$123,055$115,985$109,326$103,054$97,150$75,702
7 years$104,414$97,404$90,850$84,727$79,009$58,702
8 years$90,440$83,494$77,048$71,075$65,545$46,365
9 years$79,577$72,696$66,362$60,540$55,199$37,120
10 years$70,892$64,078$57,856$52,186$47,032$30,025
11 years$63,790$57,045$50,935$45,418$40,449$24,481
12 years$57,876$51,201$45,204$39,837$35,052$20,086
13 years$52,876$46,270$40,386$35,170$30,566$16,562
14 years$48,594$42,058$36,287$31,220$26,794$13,712
15 years$44,887$38,421$32,763$27,843$23,592$11,389
16 years$41,646$35,251$29,704$24,930$20,850$9,485
17 years$38,789$32,465$27,030$22,400$18,487$7,917
18 years$36,252$29,999$24,675$20,187$16,438$6,620
19 years$33,985$27,802$22,588$18,240$14,652$5,543
20 years$31,948$25,835$20,730$16,520$13,087$4,648
21 years$30,106$24,065$19,068$14,993$11,712$3,901
22 years$28,435$22,463$17,574$13,632$10,498$3,277
23 years$26,911$21,010$16,227$12,415$9,423$2,755
24 years$25,516$19,685$15,007$11,323$8,470$2,318
25 years$24,235$18,473$13,899$10,341$7,622$1,950
26 years$23,054$17,362$12,891$9,455$6,865$1,642
27 years$21,962$16,339$11,970$8,655$6,190$1,383
28 years$20,951$15,397$11,128$7,930$5,585$1,165
29 years$20,010$14,525$10,356$7,272$5,043$982
30 years$19,134$13,717$9,646$6,674$4,557$828
31 years$18,317$12,967$8,993$6,129$4,120$698
32 years$17,551$12,270$8,390$5,633$3,727$588
33 years$16,834$11,620$7,834$5,180$3,373$496
34 years$16,160$11,013$7,320$4,766$3,054$419
35 years$15,527$10,445$6,843$4,387$2,766$353
36 years$14,929$9,914$6,402$4,041$2,506$298
37 years$14,366$9,416$5,992$3,723$2,271$251
38 years$13,833$8,949$5,611$3,431$2,059$212
39 years$13,329$8,509$5,257$3,164$1,867$179
40 years$12,851$8,096$4,927$2,918$1,694$151
41 years$12,398$7,707$4,620$2,692$1,536$127
42 years$11,968$7,340$4,334$2,485$1,394$107
43 years$11,558$6,993$4,067$2,294$1,265$91
44 years$11,169$6,666$3,818$2,118$1,149$76
45 years$10,797$6,357$3,585$1,956$1,043$65
46 years$10,443$6,064$3,367$1,807$947$54
47 years$10,105$5,787$3,163$1,669$860$46
48 years$9,782$5,524$2,972$1,542$781$39
49 years$9,473$5,275$2,794$1,425$709$33
50 years$9,178$5,039$2,627$1,318$644$28

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 $2,964 every year, while hoping to spend $50,733 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: 74/12/14 Blend
72$9,400,000$9,400,000$9,400,000$9,400,000
73$10,361,857$9,863,657$9,717,957$11,097,353
74$11,364,787$10,292,997$9,989,529$12,013,469
75$12,468,316$10,741,674$10,268,499$13,010,364
76$13,682,650$11,210,582$10,555,060$14,101,269
77$15,019,038$11,700,658$10,849,411$15,295,503
78$16,489,870$12,212,881$11,151,757$16,603,323
79$18,108,803$12,748,278$11,462,307$18,036,025
80$19,890,881$13,307,924$11,781,275$19,606,045
81$21,852,683$13,892,945$12,108,880$21,327,075
82$24,012,477$14,504,519$12,445,347$23,214,194
83$26,390,390$15,143,880$12,790,907$25,284,003
84$29,008,602$15,812,323$13,145,795$27,554,789
85$31,891,554$16,511,201$13,510,253$30,046,686
86$35,066,174$17,241,932$13,884,528$32,781,870
87$38,562,139$18,006,002$14,268,875$35,784,764
88$42,412,148$18,804,967$14,663,553$39,082,268
89$46,652,233$19,640,456$15,068,828$42,704,009
90$51,322,099$20,514,177$15,484,972$46,682,620
91$56,465,499$21,427,916$15,912,264$51,054,046
92$62,130,644$22,383,549$16,350,989$55,857,881
93$68,370,662$23,383,036$16,801,440$61,137,738
94$75,244,098$24,428,432$17,263,916$66,941,661
95$82,815,462$25,521,891$17,738,724$73,322,573
96$91,155,844$26,665,669$18,226,176$80,338,777
97$100,343,580$27,862,127$18,726,593$88,054,497
98$110,464,996$29,113,742$19,240,305$96,540,490
99$121,615,217$30,423,107$19,767,646$105,874,704
100$133,899,068$31,792,938$20,308,961$116,143,014