Can I retire at age 73 with 9,800,000?

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 $9,800,000?

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$809,275$802,066$795,033$788,169$781,466$754,640
2 years$400,631$393,170$385,938$378,927$372,127$345,373
3 years$264,434$256,941$249,728$242,782$236,092$210,251
4 years$196,349$188,879$181,738$174,911$168,383$143,652
5 years$155,509$148,083$141,036$134,348$128,002$104,447
6 years$128,291$120,921$113,978$107,440$101,284$78,923
7 years$108,857$101,549$94,716$88,332$82,371$61,200
8 years$94,288$87,047$80,327$74,099$68,335$48,338
9 years$82,963$75,790$69,186$63,116$57,548$38,699
10 years$73,908$66,805$60,318$54,407$49,033$31,303
11 years$66,505$59,472$53,103$47,350$42,170$25,523
12 years$60,339$53,379$47,127$41,533$36,544$20,940
13 years$55,126$48,239$42,105$36,667$31,867$17,267
14 years$50,662$43,848$37,832$32,549$27,934$14,295
15 years$46,797$40,056$34,157$29,028$24,596$11,874
16 years$43,418$36,751$30,968$25,991$21,738$9,889
17 years$40,439$33,846$28,180$23,353$19,274$8,254
18 years$37,795$31,275$25,725$21,046$17,138$6,901
19 years$35,431$28,986$23,550$19,017$15,275$5,779
20 years$33,307$26,935$21,613$17,223$13,644$4,846
21 years$31,388$25,089$19,879$15,631$12,210$4,067
22 years$29,645$23,419$18,322$14,212$10,944$3,417
23 years$28,056$21,904$16,917$12,943$9,824$2,872
24 years$26,602$20,522$15,645$11,805$8,830$2,416
25 years$25,266$19,259$14,491$10,781$7,946$2,033
26 years$24,035$18,101$13,440$9,858$7,157$1,712
27 years$22,897$17,035$12,480$9,023$6,453$1,442
28 years$21,842$16,052$11,602$8,267$5,823$1,215
29 years$20,862$15,143$10,796$7,581$5,258$1,024
30 years$19,949$14,301$10,056$6,958$4,751$863
31 years$19,096$13,519$9,375$6,390$4,295$728
32 years$18,298$12,792$8,747$5,872$3,885$614
33 years$17,550$12,114$8,167$5,400$3,516$517
34 years$16,848$11,481$7,631$4,969$3,183$436
35 years$16,187$10,890$7,135$4,574$2,883$368
36 years$15,565$10,336$6,674$4,213$2,612$310
37 years$14,977$9,817$6,247$3,881$2,368$262
38 years$14,422$9,330$5,850$3,577$2,147$221
39 years$13,896$8,872$5,481$3,299$1,947$186
40 years$13,398$8,441$5,137$3,042$1,766$157
41 years$12,926$8,035$4,817$2,807$1,602$133
42 years$12,477$7,652$4,519$2,591$1,454$112
43 years$12,050$7,291$4,240$2,391$1,319$94
44 years$11,644$6,950$3,980$2,208$1,197$80
45 years$11,257$6,627$3,737$2,039$1,087$67
46 years$10,888$6,322$3,510$1,884$987$57
47 years$10,535$6,033$3,298$1,740$896$48
48 years$10,198$5,759$3,099$1,608$814$40
49 years$9,876$5,500$2,913$1,486$739$34
50 years$9,568$5,254$2,738$1,374$671$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $9,800,000, adding $2,989 every year, while hoping to spend $36,144 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: 65/21/14 Blend
72$9,800,000$9,800,000$9,800,000$9,800,000
73$10,802,683$10,283,283$10,131,383$11,468,926
74$11,866,100$10,748,707$10,432,328$12,380,099
75$13,036,774$11,235,725$10,742,142$13,370,864
76$14,325,607$11,745,358$11,061,086$14,452,571
77$15,744,612$12,278,674$11,389,426$15,634,101
78$17,307,026$12,836,793$11,727,435$16,925,221
79$19,027,435$13,420,888$12,075,396$18,336,678
80$20,921,911$14,032,189$12,433,600$19,880,298
81$23,008,165$14,671,985$12,802,344$21,569,095
82$25,305,711$15,341,625$13,181,936$23,417,388
83$27,836,054$16,042,526$13,572,692$25,440,939
84$30,622,891$16,776,169$13,974,937$27,657,095
85$33,692,334$17,544,109$14,389,004$30,084,952
86$37,073,155$18,347,974$14,815,240$32,745,529
87$40,797,063$19,189,471$15,253,996$35,661,964
88$44,898,997$20,070,388$15,705,639$38,859,731
89$49,417,458$20,992,600$16,170,541$42,366,878
90$54,394,873$21,958,072$16,649,088$46,214,281
91$59,877,994$22,968,862$17,141,677$50,435,943
92$65,918,341$24,027,128$17,648,715$55,069,299
93$72,572,687$25,135,132$18,170,622$60,155,576
94$79,903,592$26,295,245$18,707,829$65,740,171
95$87,979,998$27,509,951$19,260,780$71,873,077
96$96,877,873$28,781,853$19,829,931$78,609,351
97$106,680,934$30,113,683$20,415,752$86,009,630
98$117,481,436$31,508,300$21,018,726$94,140,695
99$129,381,039$32,968,703$21,639,350$103,076,098
100$142,491,770$34,498,035$22,278,134$112,896,852