Can I retire at age 73 with 7,200,000?

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 $7,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$594,569$589,273$584,106$579,063$574,138$571,238
2 years$294,341$288,859$283,547$278,396$273,399$270,473
3 years$194,278$188,773$183,473$178,371$173,456$170,593
4 years$144,257$138,768$133,522$128,506$123,710$120,933
5 years$114,251$108,796$103,618$98,705$94,042$91,360
6 years$94,255$88,840$83,739$78,935$74,413$71,828
7 years$79,977$74,608$69,587$64,897$60,517$58,031
8 years$69,273$63,953$59,016$54,440$50,205$47,818
9 years$60,953$55,682$50,830$46,371$42,280$39,991
10 years$54,300$49,081$44,315$39,972$36,025$33,833
11 years$48,860$43,694$39,014$34,788$30,982$28,887
12 years$44,331$39,217$34,624$30,514$26,849$24,848
13 years$40,501$35,441$30,934$26,939$23,413$21,504
14 years$37,221$32,215$27,795$23,913$20,523$18,705
15 years$34,381$29,429$25,095$21,327$18,070$16,340
16 years$31,899$27,000$22,752$19,096$15,971$14,325
17 years$29,711$24,866$20,704$17,157$14,161$12,598
18 years$27,768$22,978$18,900$15,462$12,591$11,109
19 years$26,031$21,296$17,302$13,971$11,223$9,819
20 years$24,471$19,789$15,879$12,654$10,024$8,695
21 years$23,060$18,433$14,605$11,484$8,971$7,714
22 years$21,780$17,206$13,461$10,442$8,041$6,854
23 years$20,613$16,092$12,429$9,509$7,218$6,098
24 years$19,544$15,078$11,495$8,673$6,488$5,431
25 years$18,563$14,150$10,646$7,921$5,838$4,843
26 years$17,658$13,298$9,874$7,242$5,259$4,322
27 years$16,822$12,515$9,169$6,629$4,741$3,861
28 years$16,047$11,793$8,524$6,074$4,278$3,451
29 years$15,327$11,125$7,932$5,570$3,863$3,086
30 years$14,656$10,507$7,388$5,112$3,490$2,762
31 years$14,030$9,932$6,888$4,695$3,156$2,473
32 years$13,444$9,398$6,427$4,314$2,854$2,215
33 years$12,894$8,900$6,000$3,968$2,583$1,985
34 years$12,378$8,435$5,606$3,650$2,339$1,780
35 years$11,893$8,001$5,242$3,360$2,118$1,596
36 years$11,435$7,594$4,903$3,095$1,919$1,432
37 years$11,004$7,212$4,590$2,852$1,740$1,285
38 years$10,596$6,854$4,298$2,628$1,577$1,153
39 years$10,209$6,518$4,027$2,423$1,430$1,035
40 years$9,844$6,201$3,774$2,235$1,297$929
41 years$9,496$5,903$3,539$2,062$1,177$834
42 years$9,167$5,622$3,320$1,903$1,068$749
43 years$8,853$5,356$3,115$1,757$969$673
44 years$8,555$5,106$2,924$1,622$880$605
45 years$8,270$4,869$2,746$1,498$799$543
46 years$7,999$4,645$2,579$1,384$725$488
47 years$7,740$4,432$2,423$1,279$658$439
48 years$7,493$4,231$2,277$1,181$598$394
49 years$7,256$4,041$2,140$1,092$543$354
50 years$7,030$3,860$2,012$1,009$493$318

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $7,200,000, adding $5,516 every year, while hoping to spend $23,918 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: 65/6/29 Blend
72$7,200,000$7,200,000$7,200,000$7,200,000
73$7,940,090$7,558,490$7,446,890$8,394,713
74$8,724,530$7,903,407$7,670,912$9,047,918
75$9,588,182$8,264,424$7,901,637$9,758,490
76$10,539,100$8,642,304$8,139,265$10,534,701
77$11,586,158$9,037,847$8,384,000$11,383,023
78$12,739,136$9,451,891$8,636,055$12,310,575
79$14,008,811$9,885,317$8,895,645$13,325,198
80$15,407,056$10,339,044$9,162,996$14,435,521
81$16,946,957$10,814,038$9,438,337$15,651,048
82$18,642,931$11,311,311$9,721,907$16,982,242
83$20,510,868$11,831,923$10,013,948$18,440,623
84$22,568,275$12,376,985$10,314,713$20,038,877
85$24,834,443$12,947,662$10,624,461$21,790,974
86$27,330,634$13,545,174$10,943,458$23,712,300
87$30,080,273$14,170,802$11,271,978$25,819,797
88$33,109,175$14,825,886$11,610,303$28,132,127
89$36,445,788$15,511,831$11,958,726$30,669,841
90$40,121,459$16,230,111$12,317,543$33,455,577
91$44,170,731$16,982,271$12,687,065$36,514,267
92$48,631,671$17,769,928$13,067,607$39,873,375
93$53,546,227$18,594,779$13,459,497$43,563,153
94$58,960,621$19,458,603$13,863,070$47,616,924
95$64,925,794$20,363,263$14,278,671$52,071,396
96$71,497,876$21,310,715$14,706,659$56,967,007
97$78,738,725$22,303,005$15,147,397$62,348,303
98$86,716,505$23,342,282$15,601,265$68,264,358
99$95,506,331$24,430,796$16,068,649$74,769,237
100$105,190,978$25,570,907$16,549,950$81,922,499