Can I retire at age 73 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$900,112$892,094$884,272$876,637$869,181$839,679
2 years$445,600$437,301$429,258$421,460$413,896$384,468
3 years$294,116$285,781$277,758$270,033$262,593$234,164
4 years$218,389$210,079$202,137$194,544$187,283$160,071
5 years$172,964$164,705$156,867$149,428$142,370$116,447
6 years$142,691$134,494$126,772$119,499$112,652$88,038
7 years$121,076$112,948$105,348$98,247$91,616$68,308
8 years$104,872$96,817$89,343$82,417$76,005$53,983
9 years$92,275$84,297$76,951$70,201$64,007$43,246
10 years$82,204$74,303$67,088$60,514$54,537$35,003
11 years$73,969$66,148$59,063$52,665$46,904$28,558
12 years$67,112$59,371$52,417$46,194$40,646$23,446
13 years$61,314$53,654$46,831$40,783$35,444$19,346
14 years$56,349$48,770$42,078$36,202$31,070$16,028
15 years$52,049$44,552$37,991$32,286$27,356$13,322
16 years$48,291$40,876$34,444$28,909$24,178$11,103
17 years$44,978$37,645$31,343$25,974$21,438$9,274
18 years$42,037$34,786$28,612$23,408$19,061$7,760
19 years$39,408$32,239$26,193$21,151$16,990$6,504
20 years$37,046$29,958$24,039$19,156$15,176$5,457
21 years$34,911$27,905$22,111$17,386$13,580$4,584
22 years$32,972$26,048$20,379$15,808$12,173$3,854
23 years$31,205$24,362$18,816$14,396$10,927$3,242
24 years$29,588$22,826$17,402$13,130$9,822$2,730
25 years$28,102$21,421$16,117$11,991$8,838$2,299
26 years$26,733$20,132$14,948$10,964$7,961$1,937
27 years$25,467$18,947$13,881$10,036$7,177$1,633
28 years$24,294$17,853$12,904$9,195$6,476$1,377
29 years$23,203$16,843$12,008$8,432$5,848$1,161
30 years$22,188$15,906$11,185$7,738$5,284$980
31 years$21,239$15,037$10,428$7,107$4,777$827
32 years$20,352$14,228$9,729$6,532$4,321$698
33 years$19,520$13,474$9,084$6,006$3,911$589
34 years$18,739$12,770$8,488$5,526$3,541$497
35 years$18,004$12,112$7,935$5,087$3,207$420
36 years$17,312$11,496$7,423$4,685$2,906$354
37 years$16,658$10,919$6,948$4,317$2,634$299
38 years$16,041$10,377$6,507$3,979$2,388$253
39 years$15,456$9,867$6,096$3,669$2,165$213
40 years$14,902$9,388$5,714$3,384$1,964$180
41 years$14,376$8,936$5,358$3,122$1,782$152
42 years$13,877$8,511$5,026$2,881$1,617$128
43 years$13,403$8,109$4,716$2,660$1,467$108
44 years$12,951$7,730$4,427$2,456$1,332$92
45 years$12,520$7,371$4,157$2,268$1,209$77
46 years$12,110$7,032$3,904$2,095$1,098$65
47 years$11,718$6,710$3,668$1,936$997$55
48 years$11,343$6,406$3,447$1,789$905$47
49 years$10,985$6,117$3,240$1,653$822$39
50 years$10,642$5,843$3,046$1,528$747$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $10,900,000, adding $3,037 every year, while hoping to spend $44,138 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: 47/33/20 Blend
72$10,900,000$10,900,000$10,900,000$10,900,000
73$12,014,933$11,437,233$11,268,283$12,511,173
74$13,193,493$11,950,695$11,598,808$13,371,209
75$14,490,788$12,487,837$11,938,926$14,299,479
76$15,918,880$13,049,773$12,288,912$15,306,121
77$17,491,065$13,637,670$12,649,049$16,398,482
78$19,221,988$14,252,751$13,019,627$17,584,633
79$21,127,791$14,896,296$13,400,944$18,873,437
80$23,226,258$15,569,647$13,793,309$20,274,635
81$25,536,987$16,274,210$14,197,035$21,798,929
82$28,081,572$17,011,459$14,612,449$23,458,081
83$30,883,809$17,782,937$15,039,882$25,265,019
84$33,969,919$18,590,262$15,479,680$27,233,955
85$37,368,795$19,435,129$15,932,193$29,380,514
86$41,112,275$20,319,314$16,397,784$31,721,875
87$45,235,444$21,244,677$16,876,827$34,276,933
88$49,776,962$22,213,169$17,369,704$37,066,464
89$54,779,431$23,226,834$17,876,808$40,113,323
90$60,289,797$24,287,812$18,398,545$43,442,651
91$66,359,790$25,398,349$18,935,330$47,082,103
92$73,046,417$26,560,796$19,487,591$51,062,108
93$80,412,493$27,777,617$20,055,768$55,416,146
94$88,527,243$29,051,396$20,640,311$60,181,058
95$97,466,947$30,384,839$21,241,687$65,397,385
96$107,315,663$31,780,783$21,860,371$71,109,746
97$118,166,021$33,242,203$22,496,854$77,367,248
98$130,120,097$34,772,212$23,151,640$84,223,944
99$143,290,375$36,374,078$23,825,248$91,739,331
100$157,800,809$38,051,224$24,518,209$99,978,905