Can I retire at age 73 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$891,854$883,910$876,159$868,594$861,207$836,321
2 years$441,512$433,289$425,320$417,593$410,099$385,224
3 years$291,417$283,159$275,210$267,556$260,183$236,099
4 years$216,385$208,152$200,283$192,759$185,565$162,457
5 years$171,377$163,194$155,427$148,057$141,064$118,994
6 years$141,382$133,260$125,608$118,403$111,619$90,608
7 years$119,965$111,911$104,381$97,345$90,776$70,824
8 years$103,910$95,929$88,524$81,661$75,307$56,403
9 years$91,429$83,523$76,245$69,557$63,420$45,543
10 years$81,450$73,622$66,472$59,959$54,037$37,164
11 years$73,291$65,541$58,521$52,182$46,473$30,577
12 years$66,496$58,826$51,936$45,771$40,273$25,321
13 years$60,752$53,162$46,401$40,409$35,119$21,079
14 years$55,832$48,322$41,692$35,870$30,785$17,621
15 years$51,572$44,143$37,642$31,990$27,105$14,782
16 years$47,848$40,501$34,128$28,644$23,956$12,436
17 years$44,566$37,300$31,055$25,736$21,241$10,487
18 years$41,651$34,467$28,349$23,193$18,886$8,860
19 years$39,047$31,943$25,953$20,957$16,834$7,499
20 years$36,706$29,683$23,818$18,981$15,036$6,355
21 years$34,590$27,649$21,908$17,226$13,456$5,392
22 years$32,670$25,809$20,192$15,663$12,061$4,579
23 years$30,919$24,139$18,643$14,264$10,827$3,892
24 years$29,316$22,616$17,242$13,010$9,731$3,311
25 years$27,844$21,224$15,970$11,881$8,757$2,818
26 years$26,487$19,948$14,811$10,864$7,888$2,399
27 years$25,233$18,773$13,753$9,944$7,112$2,044
28 years$24,071$17,690$12,785$9,111$6,417$1,742
29 years$22,991$16,688$11,898$8,355$5,794$1,485
30 years$21,984$15,760$11,082$7,667$5,235$1,266
31 years$21,044$14,899$10,332$7,042$4,733$1,080
32 years$20,165$14,097$9,640$6,472$4,282$921
33 years$19,341$13,350$9,001$5,951$3,875$786
34 years$18,567$12,653$8,410$5,476$3,508$671
35 years$17,839$12,001$7,863$5,041$3,178$572
36 years$17,153$11,391$7,355$4,642$2,879$488
37 years$16,505$10,819$6,884$4,277$2,609$417
38 years$15,893$10,282$6,447$3,942$2,366$356
39 years$15,314$9,777$6,040$3,635$2,145$304
40 years$14,765$9,302$5,661$3,353$1,946$259
41 years$14,245$8,854$5,309$3,093$1,765$221
42 years$13,750$8,433$4,980$2,855$1,602$189
43 years$13,280$8,035$4,673$2,635$1,454$161
44 years$12,832$7,659$4,386$2,433$1,320$138
45 years$12,405$7,303$4,118$2,247$1,198$118
46 years$11,998$6,967$3,868$2,076$1,088$100
47 years$11,610$6,649$3,634$1,918$988$86
48 years$11,239$6,347$3,415$1,772$897$73
49 years$10,884$6,061$3,210$1,638$815$63
50 years$10,545$5,790$3,018$1,514$740$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $10,800,000, adding $5,340 every year, while hoping to spend $23,781 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: 64/10/26 Blend
72$10,800,000$10,800,000$10,800,000$10,800,000
73$11,907,108$11,334,708$11,167,308$12,587,189
74$13,096,330$11,864,806$11,516,110$13,577,688
75$14,406,056$12,420,082$11,875,800$14,656,375
76$15,848,552$13,001,744$12,246,717$15,834,489
77$17,437,334$13,611,059$12,629,212$17,121,790
78$19,187,298$14,249,356$13,023,646$18,529,019
79$21,114,855$14,918,028$13,430,391$20,067,997
80$23,238,092$15,618,533$13,849,832$21,751,739
81$25,576,940$16,352,403$14,282,363$23,594,565
82$28,153,360$17,121,243$14,728,394$25,612,245
83$30,991,553$17,926,734$15,188,346$27,822,136
84$34,118,188$18,770,641$15,662,652$30,243,349
85$37,562,653$19,654,812$16,151,761$32,896,925
86$41,357,332$20,581,187$16,656,133$35,806,031
87$45,537,912$21,551,797$17,176,246$38,996,179
88$50,143,719$22,568,775$17,712,590$42,495,458
89$55,218,087$23,634,354$18,265,671$46,334,803
90$60,808,772$24,750,877$18,836,011$50,548,281
91$66,968,397$25,920,801$19,424,148$55,173,408
92$73,754,954$27,146,701$20,030,637$60,251,504
93$81,232,347$28,431,276$20,656,051$65,828,076
94$89,470,997$29,777,360$21,300,979$71,953,248
95$98,548,508$31,187,919$21,966,031$78,682,225
96$108,550,395$32,666,067$22,651,833$86,075,816
97$119,570,899$34,215,067$23,359,032$94,201,003
98$131,713,867$35,838,342$24,088,296$103,131,566
99$145,093,740$37,539,479$24,840,313$112,948,779
100$159,836,629$39,322,242$25,615,791$123,742,171