Can I retire at age 73 with 7,500,000?

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$619,343$613,826$608,444$603,190$598,061$588,880
2 years$306,605$300,895$295,361$289,995$284,791$275,564
3 years$202,373$196,638$191,118$185,803$180,683$171,697
4 years$150,267$144,550$139,085$133,860$128,865$120,188
5 years$119,012$113,329$107,936$102,818$97,961$89,619
6 years$98,182$92,542$87,228$82,224$77,513$69,516
7 years$83,309$77,716$72,487$67,601$63,039$55,389
8 years$72,160$66,617$61,475$56,709$52,297$44,993
9 years$63,492$58,002$52,948$48,303$44,041$37,080
10 years$56,562$51,126$46,161$41,638$37,526$30,901
11 years$50,896$45,515$40,640$36,237$32,273$25,979
12 years$46,178$40,851$36,067$31,785$27,967$21,995
13 years$42,189$36,918$32,223$28,062$24,388$18,730
14 years$38,772$33,557$28,953$24,910$21,378$16,025
15 years$35,814$30,655$26,140$22,215$18,823$13,764
16 years$33,228$28,126$23,700$19,891$16,636$11,862
17 years$30,948$25,903$21,566$17,872$14,751$10,251
18 years$28,925$23,935$19,687$16,106$13,116$8,880
19 years$27,116$22,183$18,023$14,554$11,690$7,708
20 years$25,490$20,613$16,540$13,181$10,442$6,702
21 years$24,021$19,201$15,214$11,963$9,344$5,836
22 years$22,687$17,923$14,022$10,877$8,376$5,088
23 years$21,471$16,763$12,947$9,906$7,519$4,442
24 years$20,358$15,706$11,974$9,035$6,758$3,881
25 years$19,336$14,739$11,090$8,251$6,081$3,393
26 years$18,394$13,852$10,285$7,544$5,478$2,969
27 years$17,523$13,037$9,551$6,905$4,939$2,600
28 years$16,716$12,284$8,879$6,327$4,456$2,278
29 years$15,966$11,589$8,262$5,802$4,024$1,997
30 years$15,267$10,945$7,696$5,325$3,636$1,751
31 years$14,614$10,346$7,175$4,890$3,287$1,536
32 years$14,004$9,790$6,694$4,494$2,973$1,348
33 years$13,431$9,271$6,251$4,133$2,691$1,183
34 years$12,894$8,787$5,840$3,803$2,436$1,039
35 years$12,388$8,334$5,460$3,500$2,207$912
36 years$11,912$7,910$5,108$3,224$1,999$801
37 years$11,462$7,513$4,781$2,970$1,812$704
38 years$11,037$7,140$4,477$2,738$1,643$618
39 years$10,635$6,789$4,194$2,524$1,490$543
40 years$10,254$6,460$3,931$2,328$1,351$477
41 years$9,892$6,149$3,686$2,148$1,226$420
42 years$9,549$5,856$3,458$1,983$1,112$369
43 years$9,222$5,580$3,245$1,830$1,010$324
44 years$8,911$5,319$3,046$1,690$916$285
45 years$8,615$5,072$2,860$1,561$832$251
46 years$8,332$4,838$2,686$1,442$755$220
47 years$8,063$4,617$2,524$1,332$686$194
48 years$7,805$4,408$2,372$1,231$623$170
49 years$7,558$4,209$2,229$1,137$566$150
50 years$7,323$4,021$2,096$1,051$514$132

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $7,500,000, adding $4,032 every year, while hoping to spend $45,241 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: 40/48/12 Blend
72$7,500,000$7,500,000$7,500,000$7,500,000
73$8,269,159$7,871,659$7,755,409$8,570,125
74$9,064,477$8,209,234$7,967,079$9,120,502
75$9,939,401$8,561,834$8,184,324$9,710,756
76$10,902,004$8,930,148$8,407,282$10,348,283
77$11,961,179$9,314,895$8,636,097$11,037,383
78$13,126,725$9,716,831$8,870,912$11,782,774
79$14,409,441$10,136,746$9,111,877$12,589,632
80$15,821,222$10,575,465$9,359,144$13,463,637
81$17,375,180$11,033,855$9,612,868$14,411,021
82$19,085,757$11,512,823$9,873,208$15,438,629
83$20,968,869$12,013,317$10,140,325$16,553,975
84$23,042,055$12,536,330$10,414,387$17,765,309
85$25,324,637$13,082,903$10,695,562$19,081,694
86$27,837,911$13,654,126$10,984,024$20,513,088
87$30,605,338$14,251,139$11,279,949$22,070,429
88$33,652,774$14,875,136$11,583,519$23,765,738
89$37,008,708$15,527,368$11,894,917$25,612,225
90$40,704,532$16,209,145$12,214,333$27,624,411
91$44,774,840$16,921,839$12,541,959$29,818,261
92$49,257,750$17,666,886$12,877,991$32,211,324
93$54,195,267$18,445,790$13,222,630$34,822,898
94$59,633,678$19,260,127$13,576,082$37,674,207
95$65,623,987$20,111,547$13,938,555$40,788,589
96$72,222,399$21,001,778$14,310,262$44,191,716
97$79,490,849$21,932,631$14,691,421$47,911,828
98$87,497,587$22,906,001$15,082,255$51,979,992
99$96,317,821$23,923,875$15,482,990$56,430,388
100$106,034,426$24,988,332$15,893,858$61,300,624