Can I retire at age 73 with 10,000,000?

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 $10,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$825,791$818,435$811,258$804,254$797,414$767,595
2 years$408,807$401,194$393,815$386,660$379,721$350,021
3 years$269,831$262,184$254,824$247,737$240,911$212,263
4 years$200,356$192,733$185,447$178,481$171,819$144,443
5 years$158,683$151,105$143,914$137,090$130,614$104,580
6 years$130,909$123,389$116,304$109,632$103,351$78,676
7 years$111,079$103,622$96,649$90,135$84,052$60,730
8 years$96,213$88,823$81,966$75,612$69,729$47,740
9 years$84,656$77,336$70,598$64,404$58,722$38,034
10 years$75,417$68,168$61,549$55,517$50,034$30,609
11 years$67,862$60,686$54,186$48,317$43,031$24,828
12 years$61,571$54,469$48,089$42,380$37,290$20,262
13 years$56,251$49,224$42,964$37,415$32,517$16,616
14 years$51,696$44,743$38,604$33,213$28,505$13,680
15 years$47,752$40,874$34,854$29,620$25,098$11,298
16 years$44,304$37,501$31,600$26,522$22,181$9,355
17 years$41,265$34,537$28,755$23,830$19,668$7,762
18 years$38,566$31,914$26,250$21,475$17,487$6,452
19 years$36,155$29,577$24,030$19,405$15,587$5,370
20 years$33,987$27,484$22,054$17,575$13,923$4,475
21 years$32,028$25,601$20,285$15,950$12,459$3,733
22 years$30,250$23,897$18,696$14,502$11,168$3,116
23 years$28,629$22,351$17,262$13,208$10,025$2,603
24 years$27,145$20,941$15,965$12,046$9,011$2,176
25 years$25,782$19,652$14,787$11,001$8,108$1,820
26 years$24,525$18,470$13,714$10,059$7,304$1,522
27 years$23,364$17,382$12,734$9,207$6,585$1,274
28 years$22,288$16,379$11,838$8,436$5,942$1,066
29 years$21,288$15,452$11,017$7,736$5,365$893
30 years$20,356$14,593$10,262$7,099$4,848$748
31 years$19,486$13,795$9,567$6,520$4,383$626
32 years$18,672$13,053$8,926$5,992$3,965$524
33 years$17,909$12,361$8,334$5,510$3,588$439
34 years$17,192$11,716$7,787$5,070$3,248$368
35 years$16,518$11,112$7,280$4,667$2,942$308
36 years$15,882$10,547$6,810$4,298$2,666$258
37 years$15,283$10,017$6,374$3,960$2,416$217
38 years$14,716$9,520$5,969$3,650$2,190$182
39 years$14,180$9,053$5,593$3,366$1,986$152
40 years$13,672$8,613$5,242$3,105$1,802$127
41 years$13,189$8,199$4,915$2,864$1,635$107
42 years$12,731$7,808$4,611$2,643$1,483$90
43 years$12,296$7,439$4,327$2,440$1,346$75
44 years$11,881$7,091$4,061$2,253$1,222$63
45 years$11,486$6,762$3,813$2,081$1,109$53
46 years$11,110$6,451$3,582$1,922$1,007$44
47 years$10,750$6,156$3,365$1,776$914$37
48 years$10,406$5,877$3,162$1,641$830$31
49 years$10,078$5,612$2,972$1,516$754$26
50 years$9,763$5,361$2,794$1,402$685$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $10,000,000, adding $4,697 every year, while hoping to spend $54,332 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: 66/7/27 Blend
72$10,000,000$10,000,000$10,000,000$10,000,000
73$11,024,845$10,494,845$10,339,845$11,674,122
74$12,091,570$10,951,284$10,628,421$12,569,014
75$13,265,281$11,428,267$10,924,843$13,540,563
76$14,556,831$11,926,744$11,229,317$14,601,648
77$15,978,182$12,447,708$11,542,054$15,761,102
78$17,542,513$12,992,202$11,863,268$17,028,646
79$19,264,343$13,561,314$12,193,182$18,414,983
80$21,159,674$14,156,186$12,532,022$19,931,897
81$23,246,135$14,778,014$12,880,019$21,592,365
82$25,543,153$15,428,049$13,237,412$23,410,673
83$28,072,133$16,107,601$13,604,443$25,402,555
84$30,856,662$16,818,045$13,981,363$27,585,336
85$33,922,729$17,560,817$14,368,426$29,978,096
86$37,298,974$18,337,423$14,765,895$32,601,848
87$41,016,953$19,149,441$15,174,037$35,479,737
88$45,111,442$19,998,523$15,593,126$38,637,250
89$49,620,757$20,886,399$16,023,444$42,102,465
90$54,587,123$21,814,881$16,465,278$45,906,303
91$60,057,067$22,785,867$16,918,922$50,082,828
92$66,081,860$23,801,347$17,384,679$54,669,561
93$72,718,000$24,863,403$17,862,855$59,707,831
94$80,027,743$25,974,217$18,353,768$65,243,170
95$88,079,694$27,136,075$18,857,741$71,325,731
96$96,949,452$28,351,372$19,375,104$78,010,768
97$106,720,322$29,622,615$19,906,196$85,359,151
98$117,484,104$30,952,433$20,451,363$93,437,937
99$129,341,959$32,343,578$21,010,960$102,321,002
100$142,405,362$33,798,936$21,585,350$112,089,739