Can I retire at age 73 with 8,900,000?

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$734,954$728,407$722,020$715,786$709,698$696,224
2 years$363,838$357,062$350,495$344,128$337,952$324,429
3 years$240,150$233,344$226,794$220,486$214,410$201,261
4 years$178,317$171,533$165,048$158,848$152,919$140,244
5 years$141,228$134,484$128,084$122,010$116,247$104,082
6 years$116,509$109,816$103,511$97,573$91,982$80,342
7 years$98,860$92,223$86,018$80,220$74,806$63,693
8 years$85,629$79,052$72,950$67,294$62,059$51,469
9 years$75,344$68,829$62,832$57,320$52,263$42,191
10 years$67,121$60,670$54,778$49,410$44,530$34,967
11 years$60,397$54,011$48,226$43,002$38,298$29,231
12 years$54,798$48,477$42,799$37,718$33,188$24,605
13 years$50,064$43,809$38,238$33,300$28,940$20,828
14 years$46,010$39,821$34,357$29,560$25,369$17,712
15 years$42,499$36,377$31,020$26,362$22,337$15,120
16 years$39,430$33,376$28,124$23,604$19,741$12,949
17 years$36,726$30,738$25,592$21,208$17,504$11,118
18 years$34,324$28,403$23,362$19,113$15,564$9,569
19 years$32,178$26,324$21,387$17,270$13,872$8,251
20 years$30,248$24,461$19,628$15,642$12,391$7,126
21 years$28,505$22,785$18,054$14,196$11,089$6,163
22 years$26,922$21,269$16,639$12,907$9,939$5,337
23 years$25,479$19,892$15,363$11,755$8,922$4,626
24 years$24,159$18,638$14,209$10,721$8,019$4,013
25 years$22,946$17,490$13,160$9,791$7,216$3,484
26 years$21,828$16,438$12,205$8,952$6,500$3,027
27 years$20,794$15,470$11,334$8,194$5,860$2,632
28 years$19,836$14,578$10,536$7,508$5,288$2,289
29 years$18,946$13,752$9,805$6,885$4,775$1,991
30 years$18,117$12,988$9,133$6,319$4,314$1,733
31 years$17,342$12,278$8,514$5,803$3,901$1,509
32 years$16,618$11,617$7,944$5,333$3,528$1,315
33 years$15,939$11,002$7,417$4,904$3,193$1,145
34 years$15,301$10,427$6,930$4,512$2,891$998
35 years$14,701$9,890$6,479$4,154$2,619$870
36 years$14,135$9,387$6,061$3,826$2,373$758
37 years$13,602$8,915$5,673$3,525$2,150$661
38 years$13,097$8,473$5,313$3,249$1,949$576
39 years$12,620$8,057$4,977$2,996$1,768$502
40 years$12,168$7,665$4,665$2,763$1,604$438
41 years$11,739$7,297$4,375$2,549$1,455$382
42 years$11,331$6,949$4,104$2,353$1,320$333
43 years$10,943$6,621$3,851$2,172$1,198$291
44 years$10,574$6,311$3,614$2,005$1,087$254
45 years$10,223$6,018$3,394$1,852$987$221
46 years$9,888$5,741$3,188$1,711$896$193
47 years$9,568$5,479$2,995$1,580$814$168
48 years$9,262$5,230$2,814$1,460$739$147
49 years$8,969$4,995$2,645$1,350$671$128
50 years$8,690$4,771$2,487$1,248$610$112

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $8,900,000, adding $5,403 every year, while hoping to spend $24,088 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: 47/30/23 Blend
72$8,900,000$8,900,000$8,900,000$8,900,000
73$9,813,373$9,341,673$9,203,723$10,209,942
74$10,788,708$9,773,786$9,486,418$10,920,486
75$11,862,719$10,226,264$9,777,777$11,688,468
76$13,045,447$10,700,082$10,078,063$12,521,599
77$14,347,954$11,196,257$10,387,549$13,425,993
78$15,782,431$11,715,859$10,706,518$14,408,367
79$17,362,310$12,260,008$11,035,257$15,476,101
80$19,102,395$12,829,877$11,374,067$16,637,301
81$21,018,995$13,426,697$11,723,255$17,900,876
82$23,130,086$14,051,759$12,083,137$19,276,618
83$25,455,473$14,706,413$12,454,041$20,775,287
84$28,016,983$15,392,079$12,836,302$22,408,715
85$30,838,665$16,110,241$13,230,269$24,189,908
86$33,947,024$16,862,458$13,636,298$26,133,169
87$37,371,264$17,650,362$14,054,757$28,254,226
88$41,143,568$18,475,665$14,486,027$30,570,376
89$45,299,401$19,340,161$14,930,498$33,100,645
90$49,877,843$20,245,733$15,388,573$35,865,964
91$54,921,961$21,194,351$15,860,667$38,889,357
92$60,479,210$22,188,084$16,347,209$42,196,156
93$66,601,888$23,229,098$16,848,639$45,814,235
94$73,347,624$24,319,667$17,365,412$49,774,266
95$80,779,924$25,462,173$17,897,995$54,110,001
96$88,968,770$26,659,113$18,446,872$58,858,588
97$97,991,281$27,913,106$19,012,538$64,060,913
98$107,932,441$29,226,897$19,595,507$69,761,978
99$118,885,899$30,603,365$20,196,306$76,011,319
100$130,954,857$32,045,526$20,815,479$82,863,467