Can I retire at age 73 with 7,700,000?

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 $7,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$635,859$630,195$624,669$619,275$614,009$604,833
2 years$314,782$308,919$303,237$297,729$292,385$283,162
3 years$207,770$201,882$196,215$190,758$185,501$176,517
4 years$154,274$148,405$142,794$137,430$132,301$123,625
5 years$122,186$116,351$110,814$105,559$100,573$92,230
6 years$100,800$95,009$89,554$84,417$79,580$71,580
7 years$85,531$79,789$74,420$69,404$64,720$57,066
8 years$74,084$68,394$63,114$58,221$53,691$46,382
9 years$65,185$59,549$54,360$49,591$45,216$38,247
10 years$58,071$52,490$47,392$42,748$38,526$31,893
11 years$52,254$46,728$41,723$37,204$33,134$26,829
12 years$47,409$41,941$37,029$32,633$28,713$22,730
13 years$43,314$37,902$33,083$28,810$25,038$19,368
14 years$39,806$34,452$29,725$25,574$21,948$16,582
15 years$36,769$31,473$26,838$22,808$19,325$14,253
16 years$34,114$28,876$24,332$20,422$17,080$12,291
17 years$31,774$26,593$22,141$18,349$15,144$10,630
18 years$29,696$24,573$20,212$16,536$13,465$9,215
19 years$27,839$22,774$18,503$14,942$12,002$8,004
20 years$26,170$21,163$16,981$13,533$10,720$6,965
21 years$24,662$19,713$15,620$12,282$9,594$6,069
22 years$23,292$18,401$14,396$11,167$8,599$5,296
23 years$22,044$17,210$13,292$10,170$7,719$4,626
24 years$20,901$16,125$12,293$9,275$6,938$4,045
25 years$19,852$15,132$11,386$8,471$6,243$3,540
26 years$18,885$14,222$10,560$7,745$5,624$3,100
27 years$17,990$13,384$9,806$7,090$5,070$2,717
28 years$17,162$12,612$9,116$6,496$4,575$2,382
29 years$16,391$11,898$8,483$5,957$4,131$2,090
30 years$15,674$11,236$7,901$5,467$3,733$1,834
31 years$15,004$10,622$7,366$5,021$3,375$1,610
32 years$14,377$10,051$6,873$4,614$3,053$1,414
33 years$13,790$9,518$6,417$4,243$2,763$1,242
34 years$13,238$9,021$5,996$3,904$2,501$1,092
35 years$12,719$8,556$5,606$3,594$2,266$959
36 years$12,229$8,121$5,244$3,310$2,053$843
37 years$11,768$7,713$4,908$3,050$1,860$741
38 years$11,331$7,330$4,596$2,811$1,687$652
39 years$10,918$6,970$4,306$2,592$1,529$573
40 years$10,527$6,632$4,036$2,391$1,387$504
41 years$10,156$6,313$3,785$2,206$1,259$444
42 years$9,803$6,012$3,550$2,035$1,142$390
43 years$9,468$5,728$3,331$1,879$1,036$343
44 years$9,149$5,460$3,127$1,735$941$302
45 years$8,845$5,207$2,936$1,602$854$266
46 years$8,554$4,967$2,758$1,480$775$234
47 years$8,278$4,740$2,591$1,367$704$206
48 years$8,013$4,525$2,435$1,263$639$181
49 years$7,760$4,321$2,289$1,168$581$159
50 years$7,518$4,128$2,152$1,079$528$140

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $7,700,000, adding $5,989 every year, while hoping to spend $45,416 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: 44/40/16 Blend
72$7,700,000$7,700,000$7,700,000$7,700,000
73$8,491,578$8,083,478$7,964,128$8,825,740
74$9,309,396$8,431,246$8,182,604$9,408,141
75$10,209,110$8,794,532$8,406,876$10,034,021
76$11,199,025$9,174,050$8,637,092$10,711,435
77$12,288,292$9,570,544$8,873,401$11,445,157
78$13,486,993$9,984,796$9,115,955$12,240,428
79$14,806,238$10,417,624$9,364,912$13,103,006
80$16,258,269$10,869,882$9,620,431$14,039,211
81$17,856,574$11,342,467$9,882,677$15,055,987
82$19,616,014$11,836,318$10,151,816$16,160,961
83$21,552,967$12,352,417$10,428,021$17,362,516
84$23,685,476$12,891,792$10,711,467$18,669,860
85$26,033,426$13,455,521$11,002,332$20,093,117
86$28,618,726$14,044,732$11,300,801$21,643,414
87$31,465,518$14,660,606$11,607,059$23,332,984
88$34,600,404$15,304,379$11,921,300$25,175,278
89$38,052,700$15,977,348$12,243,717$27,185,083
90$41,854,705$16,680,868$12,574,512$29,378,666
91$46,042,015$17,416,361$12,913,888$31,773,916
92$50,653,852$18,185,314$13,262,055$34,390,509
93$55,733,436$18,989,285$13,619,225$37,250,091
94$61,328,394$19,829,907$13,985,616$40,376,477
95$67,491,206$20,708,890$14,361,451$43,795,869
96$74,279,707$21,628,022$14,746,957$47,537,096
97$81,757,623$22,589,181$15,142,365$51,631,885
98$89,995,179$23,594,330$15,547,914$56,115,151
99$99,069,763$24,645,528$15,963,844$61,025,319
100$109,066,649$25,744,929$16,390,403$66,404,685