Can I retire at age 73 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$801,017$793,882$786,921$780,126$773,492$754,181
2 years$396,543$389,158$382,000$375,061$368,329$348,996
3 years$261,736$254,319$247,180$240,305$233,683$214,932
4 years$194,346$186,951$179,883$173,126$166,665$148,640
5 years$153,922$146,572$139,597$132,978$126,696$109,448
6 years$126,982$119,687$112,815$106,343$100,250$83,796
7 years$107,746$100,513$93,750$87,431$81,530$65,872
8 years$93,326$86,158$79,507$73,343$67,637$52,768
9 years$82,117$75,016$68,480$62,472$56,960$42,867
10 years$73,154$66,123$59,702$53,852$48,533$35,199
11 years$65,826$58,866$52,561$46,867$41,740$29,146
12 years$59,723$52,835$46,646$41,109$36,171$24,296
13 years$54,564$47,747$41,675$36,293$31,542$20,362
14 years$50,145$43,401$37,446$32,217$27,649$17,139
15 years$46,319$39,647$33,808$28,732$24,345$14,479
16 years$42,975$36,376$30,652$25,726$21,516$12,268
17 years$40,027$33,501$27,892$23,115$19,078$10,421
18 years$37,409$30,956$25,462$20,831$16,963$8,870
19 years$35,070$28,690$23,309$18,823$15,119$7,564
20 years$32,967$26,660$21,392$17,047$13,505$6,459
21 years$31,067$24,833$19,677$15,472$12,085$5,523
22 years$29,342$23,180$18,135$14,067$10,833$4,727
23 years$27,770$21,680$16,744$12,811$9,724$4,050
24 years$26,330$20,313$15,486$11,685$8,740$3,472
25 years$25,008$19,063$14,343$10,671$7,865$2,979
26 years$23,790$17,916$13,302$9,757$7,084$2,557
27 years$22,663$16,861$12,352$8,931$6,387$2,196
28 years$21,619$15,888$11,483$8,183$5,763$1,887
29 years$20,649$14,988$10,686$7,504$5,204$1,622
30 years$19,745$14,155$9,954$6,887$4,702$1,394
31 years$18,901$13,381$9,280$6,325$4,251$1,199
32 years$18,111$12,661$8,658$5,813$3,846$1,031
33 years$17,371$11,990$8,084$5,345$3,480$887
34 years$16,676$11,364$7,553$4,918$3,151$763
35 years$16,022$10,779$7,062$4,527$2,854$657
36 years$15,406$10,231$6,606$4,170$2,586$565
37 years$14,824$9,717$6,183$3,842$2,344$487
38 years$14,275$9,234$5,790$3,541$2,125$419
39 years$13,754$8,781$5,425$3,265$1,927$361
40 years$13,261$8,354$5,085$3,011$1,748$311
41 years$12,794$7,953$4,768$2,778$1,586$267
42 years$12,350$7,574$4,472$2,564$1,439$230
43 years$11,927$7,216$4,197$2,367$1,306$198
44 years$11,525$6,879$3,939$2,186$1,185$171
45 years$11,142$6,559$3,699$2,018$1,076$147
46 years$10,776$6,257$3,474$1,864$977$127
47 years$10,428$5,971$3,264$1,723$887$109
48 years$10,094$5,701$3,067$1,592$806$94
49 years$9,776$5,444$2,883$1,471$732$81
50 years$9,471$5,200$2,710$1,360$665$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $9,700,000, adding $6,523 every year, while hoping to spend $51,867 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: 60/20/20 Blend
72$9,700,000$9,700,000$9,700,000$9,700,000
73$10,696,128$10,182,028$10,031,678$11,281,495
74$11,731,947$10,625,762$10,312,554$12,122,341
75$12,871,682$11,089,500$10,601,100$13,033,003
76$14,125,876$11,574,168$10,897,519$14,025,369
77$15,506,148$12,080,735$11,202,019$15,107,366
78$17,025,300$12,610,216$11,514,811$16,287,717
79$18,697,437$13,163,673$11,836,114$17,576,016
80$20,538,103$13,742,220$12,166,151$18,982,820
81$22,564,423$14,347,022$12,505,151$20,519,744
82$24,795,267$14,979,299$12,853,346$22,199,570
83$27,251,430$15,640,331$13,210,979$24,036,365
84$29,955,823$16,331,454$13,578,294$26,045,610
85$32,933,694$17,054,072$13,955,544$28,244,345
86$36,212,862$17,809,653$14,342,986$30,651,326
87$39,823,984$18,599,736$14,740,886$33,287,201
88$43,800,838$19,425,931$15,149,514$36,174,698
89$48,180,648$20,289,926$15,569,147$39,338,842
90$53,004,431$21,193,489$16,000,069$42,807,181
91$58,317,384$22,138,471$16,442,573$46,610,050
92$64,169,313$23,126,812$16,896,955$50,780,849
93$70,615,100$24,160,544$17,363,521$55,356,356
94$77,715,225$25,241,794$17,842,583$60,377,070
95$85,536,330$26,372,794$18,334,461$65,887,591
96$94,151,853$27,555,879$18,839,483$71,937,033
97$103,642,720$28,793,495$19,357,984$78,579,488
98$114,098,108$30,088,207$19,890,308$85,874,528
99$125,616,287$31,442,701$20,436,804$93,887,766
100$138,305,545$32,859,790$20,997,834$102,691,466