Can I retire at age 73 with 10,600,000?

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$875,338$867,541$859,934$852,509$845,259$827,178
2 years$433,336$425,265$417,444$409,860$402,504$384,377
3 years$286,021$277,916$270,114$262,601$255,365$237,756
4 years$212,378$204,297$196,574$189,189$182,129$165,174
5 years$168,204$160,172$152,549$145,316$138,451$122,199
6 years$138,764$130,792$123,282$116,210$109,552$94,018
7 years$117,743$109,839$102,448$95,543$89,095$74,284
8 years$101,985$94,152$86,884$80,148$73,913$59,819
9 years$89,736$81,977$74,833$68,269$62,245$48,859
10 years$79,942$72,258$65,241$58,848$53,036$40,344
11 years$71,933$64,327$57,438$51,216$45,613$33,598
12 years$65,265$57,737$50,974$44,923$39,527$28,172
13 years$59,627$52,177$45,542$39,660$34,468$23,753
14 years$54,798$47,428$40,920$35,206$30,215$20,117
15 years$50,617$43,326$36,945$31,398$26,603$17,102
16 years$46,962$39,751$33,496$28,113$23,512$14,584
17 years$43,741$36,609$30,480$25,259$20,848$12,469
18 years$40,880$33,828$27,824$22,764$18,537$10,684
19 years$38,324$31,352$25,472$20,569$16,522$9,171
20 years$36,026$29,134$23,377$18,629$14,758$7,885
21 years$33,950$27,137$21,502$16,907$13,207$6,789
22 years$32,065$25,331$19,818$15,373$11,838$5,851
23 years$30,346$23,692$18,298$14,000$10,626$5,048
24 years$28,773$22,198$16,923$12,769$9,551$4,359
25 years$27,328$20,831$15,674$11,661$8,595$3,767
26 years$25,997$19,578$14,537$10,662$7,742$3,257
27 years$24,766$18,425$13,499$9,760$6,980$2,817
28 years$23,625$17,362$12,549$8,942$6,298$2,438
29 years$22,565$16,379$11,678$8,200$5,687$2,111
30 years$21,577$15,468$10,877$7,525$5,139$1,829
31 years$20,655$14,623$10,141$6,912$4,646$1,584
32 years$19,792$13,836$9,461$6,352$4,202$1,373
33 years$18,983$13,103$8,834$5,841$3,803$1,190
34 years$18,223$12,419$8,254$5,374$3,443$1,032
35 years$17,509$11,779$7,717$4,947$3,119$895
36 years$16,835$11,180$7,219$4,556$2,826$776
37 years$16,200$10,618$6,757$4,198$2,561$673
38 years$15,599$10,091$6,328$3,869$2,322$584
39 years$15,031$9,596$5,928$3,568$2,106$506
40 years$14,492$9,130$5,556$3,291$1,910$439
41 years$13,981$8,690$5,210$3,036$1,733$381
42 years$13,495$8,277$4,887$2,802$1,572$331
43 years$13,034$7,886$4,586$2,587$1,427$287
44 years$12,594$7,517$4,305$2,388$1,295$249
45 years$12,176$7,168$4,042$2,206$1,176$216
46 years$11,776$6,838$3,796$2,037$1,068$188
47 years$11,395$6,526$3,567$1,882$969$163
48 years$11,031$6,230$3,352$1,739$880$141
49 years$10,683$5,949$3,150$1,607$800$123
50 years$10,349$5,683$2,962$1,486$726$106

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $10,600,000, adding $3,801 every year, while hoping to spend $20,155 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: 72/13/15 Blend
72$10,600,000$10,600,000$10,600,000$10,600,000
73$11,685,121$11,123,321$10,959,021$12,486,919
74$12,855,558$11,646,919$11,304,703$13,542,735
75$14,144,705$12,195,497$11,661,290$14,695,743
76$15,564,648$12,770,260$12,029,127$15,957,846
77$17,128,706$13,372,467$12,408,567$17,339,839
78$18,851,557$14,003,440$12,799,976$18,853,604
79$20,749,374$14,664,567$13,203,734$20,512,223
80$22,839,979$15,357,300$13,620,228$22,330,095
81$25,143,013$16,083,163$14,049,861$24,323,073
82$27,680,116$16,843,755$14,493,048$26,508,611
83$30,475,139$17,640,749$14,950,216$28,905,925
84$33,554,360$18,475,904$15,421,805$31,536,177
85$36,946,742$19,351,059$15,908,272$34,422,665
86$40,684,196$20,268,147$16,410,086$37,591,048
87$44,801,890$21,229,193$16,927,730$41,069,580
88$49,338,578$22,236,318$17,461,704$44,889,377
89$54,336,965$23,291,751$18,012,523$49,084,706
90$59,844,112$24,397,823$18,580,720$53,693,308
91$65,911,879$25,556,984$19,166,841$58,756,749
92$72,597,413$26,771,799$19,771,453$64,320,811
93$79,963,692$28,044,959$20,395,139$70,435,919
94$88,080,113$29,379,287$21,038,501$77,157,614
95$97,023,153$30,777,740$21,702,159$84,547,077
96$106,877,087$32,243,422$22,386,754$92,671,697
97$117,734,786$33,779,586$23,092,947$101,605,708
98$129,698,592$35,389,644$23,821,418$111,430,882
99$142,881,285$37,077,172$24,572,871$122,237,300
100$157,407,145$38,845,922$25,348,032$134,124,197