Can I retire at age 73 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$586,311$581,089$575,993$571,020$566,164$555,187
2 years$290,253$284,847$279,608$274,529$269,602$258,587
3 years$191,580$186,151$180,925$175,893$171,047$160,338
4 years$142,253$136,841$131,667$126,721$121,992$111,671
5 years$112,665$107,285$102,179$97,334$92,736$82,834
6 years$92,945$87,606$82,576$77,839$73,379$63,905
7 years$78,866$73,571$68,621$63,996$59,677$50,634
8 years$68,311$63,064$58,196$53,684$49,508$40,893
9 years$60,106$54,909$50,124$45,727$41,693$33,501
10 years$53,546$48,399$43,699$39,417$35,524$27,748
11 years$48,182$43,087$38,472$34,305$30,552$23,181
12 years$43,715$38,673$34,143$30,090$26,476$19,501
13 years$39,939$34,949$30,505$26,565$23,087$16,496
14 years$36,704$31,768$27,409$23,581$20,238$14,019
15 years$33,904$29,020$24,746$21,030$17,819$11,959
16 years$31,456$26,625$22,436$18,830$15,749$10,234
17 years$29,298$24,521$20,416$16,919$13,964$8,781
18 years$27,382$22,659$18,637$15,247$12,416$7,552
19 years$25,670$21,000$17,061$13,777$11,067$6,507
20 years$24,131$19,514$15,658$12,478$9,885$5,615
21 years$22,740$18,177$14,402$11,325$8,846$4,853
22 years$21,477$16,967$13,274$10,297$7,929$4,199
23 years$20,326$15,869$12,256$9,377$7,118$3,637
24 years$19,273$14,868$11,335$8,553$6,398$3,153
25 years$18,305$13,953$10,498$7,811$5,757$2,735
26 years$17,413$13,114$9,737$7,142$5,186$2,374
27 years$16,589$12,341$9,041$6,537$4,675$2,062
28 years$15,824$11,629$8,405$5,989$4,218$1,792
29 years$15,114$10,971$7,822$5,492$3,809$1,558
30 years$14,453$10,361$7,286$5,041$3,442$1,355
31 years$13,835$9,794$6,792$4,629$3,112$1,179
32 years$13,257$9,268$6,337$4,255$2,815$1,026
33 years$12,715$8,777$5,917$3,912$2,547$893
34 years$12,206$8,318$5,529$3,600$2,306$778
35 years$11,728$7,890$5,169$3,314$2,089$677
36 years$11,276$7,488$4,835$3,052$1,893$590
37 years$10,851$7,112$4,526$2,812$1,715$514
38 years$10,448$6,759$4,238$2,592$1,555$447
39 years$10,068$6,427$3,971$2,390$1,410$390
40 years$9,707$6,115$3,722$2,204$1,279$340
41 years$9,364$5,821$3,490$2,034$1,161$296
42 years$9,039$5,544$3,274$1,877$1,053$258
43 years$8,730$5,282$3,072$1,733$956$225
44 years$8,436$5,035$2,883$1,600$867$196
45 years$8,155$4,801$2,707$1,477$788$171
46 years$7,888$4,580$2,543$1,365$715$149
47 years$7,633$4,371$2,389$1,261$649$130
48 years$7,389$4,173$2,245$1,165$590$113
49 years$7,155$3,985$2,110$1,077$536$99
50 years$6,932$3,806$1,984$995$486$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $7,100,000, adding $4,670 every year, while hoping to spend $57,441 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: 79/8/13 Blend
72$7,100,000$7,100,000$7,100,000$7,100,000
73$7,829,017$7,452,717$7,342,667$8,427,314
74$8,566,460$7,756,783$7,527,530$9,125,530
75$9,377,197$8,073,824$7,716,660$9,883,529
76$10,268,643$8,404,413$7,910,140$10,713,519
77$11,248,969$8,749,154$8,108,054$11,622,674
78$12,327,175$9,108,673$8,310,485$12,618,894
79$13,513,178$9,483,630$8,517,517$13,710,881
80$14,817,905$9,874,711$8,729,238$14,908,216
81$16,253,396$10,282,636$8,945,731$16,221,452
82$17,832,915$10,708,158$9,167,086$17,662,211
83$19,571,078$11,152,063$9,393,388$19,243,298
84$21,483,988$11,615,174$9,624,727$20,978,811
85$23,589,389$12,098,352$9,861,190$22,884,283
86$25,906,834$12,602,499$10,102,867$24,976,823
87$28,457,865$13,128,555$10,349,847$27,275,277
88$31,266,220$13,677,507$10,602,220$29,800,407
89$34,358,055$14,250,385$10,860,075$32,575,081
90$37,762,192$14,848,269$11,123,502$35,624,494
91$41,510,388$15,472,287$11,392,593$38,976,401
92$45,637,639$16,123,621$11,667,436$42,661,379
93$50,182,505$16,803,505$11,948,122$46,713,115
94$55,187,477$17,513,233$12,234,740$51,168,721
95$60,699,377$18,254,158$12,527,381$56,069,084
96$66,769,797$19,027,696$12,826,132$61,459,253
97$73,455,592$19,835,328$13,131,083$67,388,859
98$80,819,408$20,678,606$13,442,320$73,912,584
99$88,930,282$21,559,151$13,759,932$81,090,676
100$97,864,284$22,478,663$14,084,003$88,989,517