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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.1%
1 years$891,854$883,910$876,159$868,594$861,207$853,635
2 years$441,512$433,289$425,320$417,593$410,099$402,468
3 years$291,417$283,159$275,210$267,556$260,183$252,731
4 years$216,385$208,152$200,283$192,759$185,565$178,348
5 years$171,377$163,194$155,427$148,057$141,064$134,104
6 years$141,382$133,260$125,608$118,403$111,619$104,925
7 years$119,965$111,911$104,381$97,345$90,776$84,350
8 years$103,910$95,929$88,524$81,661$75,307$69,150
9 years$91,429$83,523$76,245$69,557$63,420$57,529
10 years$81,450$73,622$66,472$59,959$54,037$48,409
11 years$73,291$65,541$58,521$52,182$46,473$41,104
12 years$66,496$58,826$51,936$45,771$40,273$35,157
13 years$60,752$53,162$46,401$40,409$35,119$30,251
14 years$55,832$48,322$41,692$35,870$30,785$26,159
15 years$51,572$44,143$37,642$31,990$27,105$22,714
16 years$47,848$40,501$34,128$28,644$23,956$19,793
17 years$44,566$37,300$31,055$25,736$21,241$17,299
18 years$41,651$34,467$28,349$23,193$18,886$15,157
19 years$39,047$31,943$25,953$20,957$16,834$13,310
20 years$36,706$29,683$23,818$18,981$15,036$11,711
21 years$34,590$27,649$21,908$17,226$13,456$10,320
22 years$32,670$25,809$20,192$15,663$12,061$9,108
23 years$30,919$24,139$18,643$14,264$10,827$8,049
24 years$29,316$22,616$17,242$13,010$9,731$7,120
25 years$27,844$21,224$15,970$11,881$8,757$6,304
26 years$26,487$19,948$14,811$10,864$7,888$5,587
27 years$25,233$18,773$13,753$9,944$7,112$4,955
28 years$24,071$17,690$12,785$9,111$6,417$4,398
29 years$22,991$16,688$11,898$8,355$5,794$3,905
30 years$21,984$15,760$11,082$7,667$5,235$3,469
31 years$21,044$14,899$10,332$7,042$4,733$3,084
32 years$20,165$14,097$9,640$6,472$4,282$2,742
33 years$19,341$13,350$9,001$5,951$3,875$2,439
34 years$18,567$12,653$8,410$5,476$3,508$2,170
35 years$17,839$12,001$7,863$5,041$3,178$1,932
36 years$17,153$11,391$7,355$4,642$2,879$1,720
37 years$16,505$10,819$6,884$4,277$2,609$1,531
38 years$15,893$10,282$6,447$3,942$2,366$1,364
39 years$15,314$9,777$6,040$3,635$2,145$1,215
40 years$14,765$9,302$5,661$3,353$1,946$1,082
41 years$14,245$8,854$5,309$3,093$1,765$964
42 years$13,750$8,433$4,980$2,855$1,602$859
43 years$13,280$8,035$4,673$2,635$1,454$766
44 years$12,832$7,659$4,386$2,433$1,320$683
45 years$12,405$7,303$4,118$2,247$1,198$609
46 years$11,998$6,967$3,868$2,076$1,088$543
47 years$11,610$6,649$3,634$1,918$988$484
48 years$11,239$6,347$3,415$1,772$897$431
49 years$10,884$6,061$3,210$1,638$815$385
50 years$10,545$5,790$3,018$1,514$740$343

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 $5,828 every year, while hoping to spend $56,435 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: 26/45/29 Blend
72$10,800,000$10,800,000$10,800,000$10,800,000
73$11,907,612$11,335,212$11,167,812$12,109,366
74$13,062,142$11,830,591$11,481,887$12,771,989
75$14,332,542$12,348,352$11,804,592$13,477,223
76$15,730,573$12,889,532$12,136,157$14,232,739
77$17,269,190$13,455,218$12,476,817$15,042,834
78$18,962,670$14,046,546$12,826,813$15,912,206
79$20,826,743$14,664,708$13,186,393$16,846,001
80$22,878,744$15,310,952$13,555,810$17,849,847
81$25,137,770$15,986,582$13,935,324$18,929,914
82$27,624,867$16,692,969$14,325,201$20,092,956
83$30,363,223$17,431,545$14,725,716$21,346,376
84$33,378,392$18,203,810$15,137,147$22,698,288
85$36,698,528$19,011,338$15,559,782$24,157,587
86$40,354,658$19,855,773$15,993,914$25,734,028
87$44,380,969$20,738,842$16,439,846$27,438,312
88$48,815,133$21,662,350$16,897,886$29,282,177
89$53,698,662$22,628,190$17,368,350$31,278,506
90$59,077,298$23,638,345$17,851,563$33,441,438
91$65,001,449$24,694,890$18,347,857$35,786,496
92$71,526,659$25,800,002$18,857,572$38,330,723
93$78,714,135$26,955,958$19,381,057$41,092,837
94$86,631,323$28,165,147$19,918,670$44,093,396
95$95,352,548$29,430,069$20,470,775$47,354,987
96$104,959,709$30,753,344$21,037,747$50,902,424
97$115,543,059$32,137,717$21,619,971$54,762,979
98$127,202,051$33,586,065$22,217,840$58,966,621
99$140,046,278$35,101,400$22,831,756$63,546,294
100$154,196,509$36,686,880$23,462,130$68,538,216