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

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$900,112$892,094$884,272$876,637$869,181$851,284
2 years$445,600$437,301$429,258$421,460$413,896$395,946
3 years$294,116$285,781$277,758$270,033$262,593$245,150
4 years$218,389$210,079$202,137$194,544$187,283$170,483
5 years$172,964$164,705$156,867$149,428$142,370$126,259
6 years$142,691$134,494$126,772$119,499$112,652$97,248
7 years$121,076$112,948$105,348$98,247$91,616$76,922
8 years$104,872$96,817$89,343$82,417$76,005$62,016
9 years$92,275$84,297$76,951$70,201$64,007$50,714
10 years$82,204$74,303$67,088$60,514$54,537$41,927
11 years$73,969$66,148$59,063$52,665$46,904$34,961
12 years$67,112$59,371$52,417$46,194$40,646$29,353
13 years$61,314$53,654$46,831$40,783$35,444$24,781
14 years$56,349$48,770$42,078$36,202$31,070$21,017
15 years$52,049$44,552$37,991$32,286$27,356$17,891
16 years$48,291$40,876$34,444$28,909$24,178$15,279
17 years$44,978$37,645$31,343$25,974$21,438$13,082
18 years$42,037$34,786$28,612$23,408$19,061$11,225
19 years$39,408$32,239$26,193$21,151$16,990$9,650
20 years$37,046$29,958$24,039$19,156$15,176$8,310
21 years$34,911$27,905$22,111$17,386$13,580$7,165
22 years$32,972$26,048$20,379$15,808$12,173$6,185
23 years$31,205$24,362$18,816$14,396$10,927$5,345
24 years$29,588$22,826$17,402$13,130$9,822$4,622
25 years$28,102$21,421$16,117$11,991$8,838$4,001
26 years$26,733$20,132$14,948$10,964$7,961$3,465
27 years$25,467$18,947$13,881$10,036$7,177$3,002
28 years$24,294$17,853$12,904$9,195$6,476$2,602
29 years$23,203$16,843$12,008$8,432$5,848$2,257
30 years$22,188$15,906$11,185$7,738$5,284$1,958
31 years$21,239$15,037$10,428$7,107$4,777$1,699
32 years$20,352$14,228$9,729$6,532$4,321$1,475
33 years$19,520$13,474$9,084$6,006$3,911$1,281
34 years$18,739$12,770$8,488$5,526$3,541$1,112
35 years$18,004$12,112$7,935$5,087$3,207$966
36 years$17,312$11,496$7,423$4,685$2,906$839
37 years$16,658$10,919$6,948$4,317$2,634$729
38 years$16,041$10,377$6,507$3,979$2,388$634
39 years$15,456$9,867$6,096$3,669$2,165$551
40 years$14,902$9,388$5,714$3,384$1,964$478
41 years$14,376$8,936$5,358$3,122$1,782$416
42 years$13,877$8,511$5,026$2,881$1,617$361
43 years$13,403$8,109$4,716$2,660$1,467$314
44 years$12,951$7,730$4,427$2,456$1,332$273
45 years$12,520$7,371$4,157$2,268$1,209$237
46 years$12,110$7,032$3,904$2,095$1,098$206
47 years$11,718$6,710$3,668$1,936$997$179
48 years$11,343$6,406$3,447$1,789$905$156
49 years$10,985$6,117$3,240$1,653$822$136
50 years$10,642$5,843$3,046$1,528$747$118

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 $3,856 every year, while hoping to spend $55,745 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: 29/47/24 Blend
72$10,900,000$10,900,000$10,900,000$10,900,000
73$12,015,777$11,438,077$11,269,127$12,274,271
74$13,182,075$11,939,231$11,587,331$12,976,845
75$14,465,466$12,463,073$11,914,326$13,726,482
76$15,877,835$13,010,656$12,250,348$14,531,286
77$17,432,279$13,583,082$12,595,639$15,396,045
78$19,143,225$14,181,507$12,950,447$16,326,001
79$21,026,573$14,807,139$13,315,026$17,326,896
80$23,099,840$15,461,246$13,689,636$18,405,015
81$25,382,330$16,145,154$14,074,545$19,567,250
82$27,895,313$16,860,252$14,470,028$20,821,150
83$30,662,226$17,607,995$14,876,364$22,174,993
84$33,708,894$18,389,907$15,293,843$23,637,854
85$37,063,774$19,207,586$15,722,760$25,219,690
86$40,758,224$20,062,703$16,163,418$26,931,421
87$44,826,797$20,957,009$16,616,127$28,785,030
88$49,307,569$21,892,341$17,081,205$30,793,669
89$54,242,495$22,870,620$17,558,980$32,971,776
90$59,677,809$23,893,860$18,049,785$35,335,201
91$65,664,456$24,964,169$18,553,963$37,901,351
92$72,258,575$26,083,758$19,071,866$40,689,343
93$79,522,030$27,254,942$19,603,853$43,720,179
94$87,522,989$28,480,146$20,150,294$47,016,931
95$96,336,571$29,761,911$20,711,566$50,604,953
96$106,045,556$31,102,899$21,288,058$54,512,108
97$116,741,160$32,505,899$21,880,166$58,769,021
98$128,523,903$33,973,833$22,488,297$63,409,357
99$141,504,554$35,509,763$23,112,866$68,470,130
100$155,805,173$37,116,896$23,754,303$73,992,035