Can I retire at age 73 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$850,564$842,988$835,596$828,381$821,336$816,160
2 years$421,071$413,229$405,629$398,260$391,113$385,891
3 years$277,926$270,050$262,469$255,169$248,138$243,033
4 years$206,367$198,515$191,010$183,835$176,974$172,025
5 years$163,443$155,638$148,232$141,203$134,533$129,755
6 years$134,836$127,090$119,793$112,921$106,451$101,850
7 years$114,411$106,730$99,549$92,839$86,573$82,151
8 years$99,099$91,488$84,425$77,880$71,821$67,577
9 years$87,196$79,656$72,715$66,337$60,484$56,418
10 years$77,679$70,213$63,395$57,183$51,535$47,645
11 years$69,898$62,507$55,812$49,766$44,322$40,605
12 years$63,418$56,103$49,532$43,652$38,408$34,862
13 years$57,939$50,700$44,253$38,538$33,493$30,112
14 years$53,247$46,085$39,762$34,210$29,360$26,142
15 years$49,184$42,100$35,900$30,509$25,851$22,791
16 years$45,633$38,626$32,548$27,317$22,847$19,941
17 years$42,503$35,573$29,618$24,544$20,258$17,501
18 years$39,723$32,871$27,037$22,120$18,012$15,399
19 years$37,239$30,464$24,751$19,987$16,055$13,581
20 years$35,006$28,309$22,715$18,102$14,340$12,001
21 years$32,989$26,369$20,894$16,429$12,833$10,624
22 years$31,157$24,614$19,257$14,937$11,503$9,418
23 years$29,487$23,021$17,780$13,604$10,326$8,360
24 years$27,959$21,569$16,444$12,407$9,281$7,430
25 years$26,555$20,242$15,230$11,331$8,351$6,609
26 years$25,261$19,024$14,125$10,361$7,523$5,885
27 years$24,065$17,904$13,116$9,483$6,782$5,244
28 years$22,956$16,871$12,193$8,689$6,120$4,676
29 years$21,926$15,916$11,347$7,968$5,526$4,172
30 years$20,966$15,031$10,569$7,312$4,993$3,725
31 years$20,070$14,209$9,854$6,716$4,514$3,327
32 years$19,232$13,444$9,194$6,172$4,083$2,973
33 years$18,446$12,732$8,584$5,676$3,696$2,658
34 years$17,708$12,067$8,020$5,222$3,346$2,377
35 years$17,013$11,446$7,499$4,807$3,030$2,126
36 years$16,359$10,863$7,015$4,427$2,746$1,902
37 years$15,741$10,318$6,566$4,079$2,489$1,703
38 years$15,158$9,806$6,148$3,760$2,256$1,524
39 years$14,605$9,324$5,760$3,467$2,046$1,365
40 years$14,082$8,871$5,399$3,198$1,856$1,222
41 years$13,585$8,445$5,063$2,950$1,684$1,095
42 years$13,113$8,042$4,749$2,723$1,528$980
43 years$12,665$7,663$4,456$2,513$1,386$878
44 years$12,238$7,304$4,183$2,321$1,258$787
45 years$11,831$6,965$3,928$2,143$1,142$705
46 years$11,443$6,644$3,689$1,980$1,037$632
47 years$11,073$6,341$3,466$1,829$942$566
48 years$10,719$6,053$3,257$1,690$855$508
49 years$10,380$5,780$3,061$1,562$777$455
50 years$10,056$5,522$2,878$1,444$706$408

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $10,300,000, adding $5,223 every year, while hoping to spend $57,252 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: 28/46/26 Blend
72$10,300,000$10,300,000$10,300,000$10,300,000
73$11,355,988$10,810,088$10,650,438$11,581,860
74$12,453,383$11,278,866$10,946,311$12,230,147
75$13,660,793$11,768,696$11,250,178$12,920,834
76$14,989,380$12,280,548$11,562,246$13,661,746
77$16,451,441$12,815,440$11,882,725$14,457,225
78$18,060,527$13,374,435$12,211,835$15,312,023
79$19,831,567$13,958,649$12,549,798$16,231,345
80$21,781,013$14,569,248$12,896,842$17,220,893
81$23,926,990$15,207,455$13,253,200$18,286,912
82$26,289,473$15,874,551$13,619,113$19,436,247
83$28,890,471$16,571,875$13,994,824$20,676,402
84$31,754,233$17,300,831$14,380,585$22,015,604
85$34,907,483$18,062,890$14,776,652$23,462,879
86$38,379,665$18,859,590$15,183,289$25,028,124
87$42,203,225$19,692,545$15,600,764$26,722,202
88$46,413,917$20,563,443$16,029,353$28,557,034
89$51,051,138$21,474,052$16,469,337$30,545,705
90$56,158,299$22,426,226$16,921,005$32,702,584
91$61,783,240$23,421,905$17,384,653$35,043,445
92$67,978,673$24,463,121$17,860,581$37,585,618
93$74,802,687$25,552,003$18,349,100$40,348,135
94$82,319,291$26,690,782$18,850,525$43,351,910
95$90,599,021$27,881,792$19,365,180$46,619,920
96$99,719,603$29,127,482$19,893,396$50,177,418
97$109,766,688$30,430,414$20,435,510$54,052,163
98$120,834,660$31,793,274$20,991,869$58,274,664
99$133,027,526$33,218,875$21,562,827$62,878,468
100$146,459,898$34,710,164$22,148,746$67,900,458