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

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$809,275$802,066$795,033$788,169$781,466$776,541
2 years$400,631$393,170$385,938$378,927$372,127$367,159
3 years$264,434$256,941$249,728$242,782$236,092$231,235
4 years$196,349$188,879$181,738$174,911$168,383$163,675
5 years$155,509$148,083$141,036$134,348$128,002$123,456
6 years$128,291$120,921$113,978$107,440$101,284$96,905
7 years$108,857$101,549$94,716$88,332$82,371$78,163
8 years$94,288$87,047$80,327$74,099$68,335$64,297
9 years$82,963$75,790$69,186$63,116$57,548$53,679
10 years$73,908$66,805$60,318$54,407$49,033$45,332
11 years$66,505$59,472$53,103$47,350$42,170$38,634
12 years$60,339$53,379$47,127$41,533$36,544$33,169
13 years$55,126$48,239$42,105$36,667$31,867$28,651
14 years$50,662$43,848$37,832$32,549$27,934$24,873
15 years$46,797$40,056$34,157$29,028$24,596$21,684
16 years$43,418$36,751$30,968$25,991$21,738$18,973
17 years$40,439$33,846$28,180$23,353$19,274$16,651
18 years$37,795$31,275$25,725$21,046$17,138$14,652
19 years$35,431$28,986$23,550$19,017$15,275$12,922
20 years$33,307$26,935$21,613$17,223$13,644$11,419
21 years$31,388$25,089$19,879$15,631$12,210$10,108
22 years$29,645$23,419$18,322$14,212$10,944$8,961
23 years$28,056$21,904$16,917$12,943$9,824$7,954
24 years$26,602$20,522$15,645$11,805$8,830$7,069
25 years$25,266$19,259$14,491$10,781$7,946$6,288
26 years$24,035$18,101$13,440$9,858$7,157$5,599
27 years$22,897$17,035$12,480$9,023$6,453$4,989
28 years$21,842$16,052$11,602$8,267$5,823$4,449
29 years$20,862$15,143$10,796$7,581$5,258$3,970
30 years$19,949$14,301$10,056$6,958$4,751$3,544
31 years$19,096$13,519$9,375$6,390$4,295$3,166
32 years$18,298$12,792$8,747$5,872$3,885$2,829
33 years$17,550$12,114$8,167$5,400$3,516$2,529
34 years$16,848$11,481$7,631$4,969$3,183$2,261
35 years$16,187$10,890$7,135$4,574$2,883$2,023
36 years$15,565$10,336$6,674$4,213$2,612$1,810
37 years$14,977$9,817$6,247$3,881$2,368$1,620
38 years$14,422$9,330$5,850$3,577$2,147$1,450
39 years$13,896$8,872$5,481$3,299$1,947$1,298
40 years$13,398$8,441$5,137$3,042$1,766$1,163
41 years$12,926$8,035$4,817$2,807$1,602$1,041
42 years$12,477$7,652$4,519$2,591$1,454$933
43 years$12,050$7,291$4,240$2,391$1,319$836
44 years$11,644$6,950$3,980$2,208$1,197$749
45 years$11,257$6,627$3,737$2,039$1,087$671
46 years$10,888$6,322$3,510$1,884$987$601
47 years$10,535$6,033$3,298$1,740$896$539
48 years$10,198$5,759$3,099$1,608$814$483
49 years$9,876$5,500$2,913$1,486$739$433
50 years$9,568$5,254$2,738$1,374$671$388

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 $6,052 every year, while hoping to spend $26,915 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: 76/15/9 Blend
72$9,800,000$9,800,000$9,800,000$9,800,000
73$10,805,843$10,286,443$10,134,543$11,610,797
74$11,879,401$10,761,841$10,445,412$12,616,709
75$13,061,561$11,259,632$10,765,794$13,714,998
76$14,363,370$11,780,884$11,095,979$14,918,102
77$15,797,004$12,326,717$11,436,264$16,236,422
78$17,375,879$12,898,307$11,786,959$17,681,408
79$19,114,777$13,496,883$12,148,381$19,265,663
80$21,029,990$14,123,736$12,520,858$21,003,066
81$23,139,468$14,780,218$12,904,726$22,908,895
82$25,462,992$15,467,747$13,300,332$24,999,971
83$28,022,360$16,187,808$13,708,035$27,294,818
84$30,841,590$16,941,961$14,128,204$29,813,833
85$33,947,152$17,731,836$14,561,219$32,579,475
86$37,368,212$18,559,147$15,007,470$35,616,478
87$41,136,911$19,425,687$15,467,362$38,952,081
88$45,288,668$20,333,338$15,941,311$42,616,282
89$49,862,512$21,284,071$16,429,744$46,642,120
90$54,901,451$22,279,953$16,933,103$51,065,980
91$60,452,880$23,323,152$17,451,844$55,927,941
92$66,569,027$24,415,939$17,986,433$61,272,146
93$73,307,444$25,560,697$18,537,355$67,147,215
94$80,731,553$26,759,921$19,105,107$73,606,705
95$88,911,245$28,016,230$19,690,201$80,709,611
96$97,923,534$29,332,368$20,293,165$88,520,915
97$107,853,293$30,711,212$20,914,544$97,112,202
98$118,794,046$32,155,778$21,554,898$106,562,328
99$130,848,857$33,669,230$22,214,806$116,958,163
100$144,131,299$35,254,881$22,894,861$128,395,404