Can I retire at age 73 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$817,533$810,251$803,146$796,211$789,440$762,036
2 years$404,719$397,182$389,877$382,794$375,924$348,599
3 years$267,133$259,563$252,276$245,260$238,501$212,113
4 years$198,353$190,806$183,592$176,696$170,101$144,851
5 years$157,096$149,594$142,475$135,719$129,308$105,263
6 years$129,600$122,155$115,141$108,536$102,317$79,496
7 years$109,968$102,586$95,683$89,233$83,211$61,609
8 years$95,251$87,935$81,147$74,856$69,032$48,632
9 years$83,810$76,563$69,892$63,760$58,135$38,911
10 years$74,662$67,487$60,933$54,962$49,534$31,455
11 years$67,183$60,079$53,644$47,833$42,601$25,630
12 years$60,955$53,924$47,608$41,956$36,917$21,014
13 years$55,689$48,731$42,535$37,041$32,192$17,316
14 years$51,179$44,296$38,218$32,881$28,219$14,326
15 years$47,274$40,465$34,505$29,324$24,847$11,891
16 years$43,861$37,126$31,284$26,257$21,960$9,896
17 years$40,852$34,191$28,467$23,591$19,471$8,253
18 years$38,180$31,594$25,987$21,261$17,313$6,896
19 years$35,793$29,281$23,790$19,211$15,431$5,770
20 years$33,647$27,210$21,833$17,399$13,783$4,835
21 years$31,708$25,345$20,082$15,791$12,335$4,055
22 years$29,947$23,658$18,509$14,357$11,056$3,404
23 years$28,342$22,127$17,090$13,076$9,925$2,859
24 years$26,873$20,732$15,805$11,926$8,920$2,403
25 years$25,524$19,456$14,639$10,891$8,027$2,021
26 years$24,280$18,285$13,577$9,958$7,231$1,700
27 years$23,131$17,209$12,607$9,115$6,519$1,431
28 years$22,065$16,216$11,720$8,351$5,882$1,204
29 years$21,075$15,297$10,906$7,658$5,311$1,014
30 years$20,152$14,447$10,159$7,029$4,799$854
31 years$19,291$13,657$9,471$6,455$4,339$720
32 years$18,485$12,922$8,836$5,932$3,925$606
33 years$17,729$12,238$8,251$5,455$3,552$511
34 years$17,020$11,599$7,709$5,019$3,216$430
35 years$16,352$11,001$7,207$4,621$2,913$363
36 years$15,723$10,442$6,742$4,255$2,639$306
37 years$15,130$9,917$6,311$3,921$2,392$258
38 years$14,569$9,425$5,910$3,614$2,169$217
39 years$14,038$8,962$5,537$3,332$1,966$183
40 years$13,535$8,527$5,190$3,074$1,784$154
41 years$13,058$8,117$4,866$2,836$1,618$130
42 years$12,604$7,730$4,565$2,617$1,468$110
43 years$12,173$7,365$4,283$2,416$1,333$92
44 years$11,763$7,020$4,021$2,231$1,210$78
45 years$11,372$6,695$3,775$2,060$1,098$66
46 years$10,999$6,386$3,546$1,903$997$55
47 years$10,643$6,095$3,331$1,758$905$47
48 years$10,302$5,818$3,130$1,624$822$39
49 years$9,977$5,556$2,942$1,501$747$33
50 years$9,666$5,307$2,766$1,388$678$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $9,900,000, adding $6,069 every year, while hoping to spend $37,544 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: 74/15/11 Blend
72$9,900,000$9,900,000$9,900,000$9,900,000
73$10,916,060$10,391,360$10,237,910$11,700,264
74$11,989,552$10,860,590$10,540,934$12,687,956
75$13,171,281$11,351,554$10,852,850$13,764,455
76$14,472,249$11,865,278$11,173,918$14,942,815
77$15,904,577$12,402,835$11,504,402$16,233,121
78$17,481,621$12,965,351$11,844,577$17,646,474
79$19,218,099$13,554,006$12,194,723$19,195,091
80$21,130,229$14,170,036$12,555,130$20,892,427
81$23,235,880$14,814,735$12,926,095$22,753,291
82$25,554,744$15,489,462$13,307,923$24,793,990
83$28,108,520$16,195,637$13,700,930$27,032,478
84$30,921,117$16,934,752$14,105,440$29,488,525
85$34,018,883$17,708,367$14,521,784$32,183,901
86$37,430,852$18,518,119$14,950,307$35,142,577
87$41,189,016$19,365,724$15,391,359$38,390,954
88$45,328,629$20,252,978$15,845,303$41,958,105
89$49,888,540$21,181,765$16,312,512$45,876,049
90$54,911,559$22,154,059$16,793,368$50,180,050
91$60,444,858$23,171,929$17,288,267$54,908,948
92$66,540,423$24,237,542$17,797,613$60,105,523
93$73,255,536$25,353,171$18,321,822$65,816,892
94$80,653,322$26,521,198$18,861,325$72,094,957
95$88,803,342$27,744,118$19,416,561$78,996,887
96$97,782,251$29,024,548$19,987,984$86,585,654
97$107,674,520$30,365,230$20,576,060$94,930,628
98$118,573,231$31,769,037$21,181,269$104,108,224
99$130,580,963$33,238,981$21,804,103$114,202,621
100$143,810,751$34,778,221$22,445,070$125,306,552