Can I retire at age 73 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$858,822$851,172$843,709$836,424$829,311$820,650
2 years$425,160$417,241$409,567$402,127$394,910$386,188
3 years$280,624$272,672$265,017$257,647$250,547$242,035
4 years$208,371$200,443$192,865$185,620$178,692$170,455
5 years$165,030$157,149$149,671$142,574$135,839$127,902
6 years$136,145$128,324$120,956$114,017$107,485$99,857
7 years$115,522$107,767$100,515$93,740$87,414$80,098
8 years$100,061$92,376$85,245$78,636$72,518$65,514
9 years$88,043$80,430$73,421$66,981$61,071$54,376
10 years$78,433$70,895$64,010$57,738$52,035$45,646
11 years$70,576$63,114$56,354$50,249$44,752$38,663
12 years$64,033$56,647$50,013$44,075$38,781$32,985
13 years$58,502$51,193$44,683$38,912$33,818$28,309
14 years$53,764$46,533$40,148$34,542$29,645$24,415
15 years$49,662$42,508$36,248$30,805$26,102$21,143
16 years$46,076$39,001$32,864$27,583$23,069$18,373
17 years$42,915$35,918$29,905$24,783$20,454$16,013
18 years$40,109$33,190$27,299$22,334$18,187$13,991
19 years$37,601$30,760$24,991$20,181$16,210$12,251
20 years$35,346$28,584$22,936$18,278$14,479$10,747
21 years$33,309$26,625$21,097$16,588$12,957$9,443
22 years$31,460$24,853$19,444$15,082$11,615$8,309
23 years$29,774$23,245$17,953$13,736$10,426$7,320
24 years$28,230$21,779$16,603$12,528$9,371$6,455
25 years$26,813$20,438$15,378$11,441$8,432$5,698
26 years$25,506$19,209$14,262$10,461$7,596$5,034
27 years$24,299$18,078$13,244$9,575$6,848$4,450
28 years$23,179$17,034$12,312$8,773$6,179$3,937
29 years$22,139$16,070$11,457$8,045$5,580$3,485
30 years$21,170$15,176$10,672$7,383$5,042$3,086
31 years$20,265$14,347$9,949$6,781$4,558$2,734
32 years$19,418$13,575$9,283$6,232$4,123$2,423
33 years$18,625$12,856$8,667$5,731$3,731$2,148
34 years$17,880$12,184$8,098$5,273$3,378$1,905
35 years$17,178$11,557$7,571$4,854$3,060$1,690
36 years$16,518$10,969$7,083$4,470$2,772$1,499
37 years$15,894$10,418$6,629$4,119$2,513$1,331
38 years$15,305$9,901$6,208$3,796$2,278$1,181
39 years$14,747$9,415$5,816$3,501$2,066$1,048
40 years$14,218$8,957$5,452$3,229$1,874$931
41 years$13,717$8,527$5,112$2,979$1,700$827
42 years$13,241$8,120$4,795$2,749$1,543$734
43 years$12,788$7,737$4,500$2,538$1,400$652
44 years$12,357$7,375$4,224$2,343$1,271$579
45 years$11,946$7,033$3,966$2,164$1,154$514
46 years$11,554$6,709$3,725$1,999$1,047$457
47 years$11,180$6,402$3,499$1,847$951$406
48 years$10,823$6,112$3,288$1,707$864$361
49 years$10,481$5,837$3,091$1,577$784$321
50 years$10,154$5,575$2,906$1,458$713$285

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $10,400,000, adding $2,655 every year, while hoping to spend $23,025 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: 42/38/20 Blend
72$10,400,000$10,400,000$10,400,000$10,400,000
73$11,463,539$10,912,339$10,751,139$11,877,734
74$12,608,321$11,422,545$11,086,803$12,682,202
75$13,869,100$11,956,979$11,432,941$13,550,377
76$15,257,682$12,516,805$11,789,879$14,490,059
77$16,787,078$13,103,241$12,157,952$15,507,827
78$18,471,626$13,717,566$12,537,510$16,610,897
79$20,327,124$14,361,119$12,928,908$17,807,191
80$22,370,982$15,035,305$13,332,518$19,105,401
81$24,622,383$15,741,596$13,748,719$20,515,074
82$27,102,469$16,481,537$14,177,903$22,046,690
83$29,834,535$17,256,746$14,620,477$23,711,760
84$32,844,251$18,068,921$15,076,856$25,522,929
85$36,159,906$18,919,839$15,547,472$27,494,088
86$39,812,672$19,811,367$16,032,768$29,640,500
87$43,836,901$20,745,460$16,533,202$31,978,938
88$48,270,446$21,724,169$17,049,246$34,527,838
89$53,155,021$22,749,643$17,581,386$37,307,464
90$58,536,594$23,824,137$18,130,123$40,340,094
91$64,465,821$24,950,013$18,695,976$43,650,222
92$70,998,521$26,129,750$19,279,477$47,264,782
93$78,196,207$27,365,945$19,881,177$51,213,395
94$86,126,667$28,661,323$20,501,643$55,528,637
95$94,864,598$30,018,739$21,141,460$60,246,343
96$104,492,318$31,441,188$21,801,230$65,405,929
97$115,100,539$32,931,811$22,481,575$71,050,762
98$126,789,224$34,493,900$23,183,138$77,228,552
99$139,668,530$36,130,906$23,906,578$83,991,800
100$153,859,850$37,846,450$24,652,578$91,398,273