Can I retire at age 73 with 11,000,000?

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 $11,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$908,370$900,278$892,384$884,679$877,155$852,495
2 years$449,688$441,313$433,196$425,327$417,693$393,036
3 years$296,814$288,403$280,307$272,511$265,002$241,120
4 years$220,392$212,007$203,991$196,329$189,001$166,079
5 years$174,551$166,216$158,306$150,799$143,676$121,775
6 years$144,000$135,728$127,935$120,595$113,686$92,827
7 years$122,187$113,984$106,314$99,148$92,457$72,641
8 years$105,834$97,705$90,163$83,173$76,702$57,918
9 years$93,122$85,070$77,657$70,845$64,594$46,824
10 years$82,958$74,985$67,703$61,069$55,037$38,257
11 years$74,648$66,755$59,605$53,148$47,334$31,516
12 years$67,728$59,915$52,898$46,618$41,019$26,134
13 years$61,877$54,146$47,261$41,157$35,769$21,784
14 years$56,866$49,217$42,464$36,534$31,355$18,236
15 years$52,527$44,961$38,339$32,582$27,607$15,320
16 years$48,734$41,251$34,760$29,174$24,400$12,906
17 years$45,391$37,990$31,630$26,213$21,634$10,899
18 years$42,423$35,105$28,874$23,623$19,236$9,223
19 years$39,770$32,535$26,433$21,345$17,146$7,817
20 years$37,386$30,233$24,259$19,332$15,315$6,635
21 years$35,231$28,161$22,314$17,545$13,705$5,638
22 years$33,275$26,287$20,566$15,953$12,285$4,796
23 years$31,491$24,586$18,989$14,528$11,027$4,083
24 years$29,859$23,035$17,561$13,251$9,912$3,478
25 years$28,360$21,617$16,265$12,101$8,919$2,965
26 years$26,978$20,317$15,085$11,065$8,034$2,529
27 years$25,701$19,121$14,008$10,128$7,243$2,158
28 years$24,517$18,017$13,022$9,279$6,536$1,842
29 years$23,416$16,997$12,118$8,509$5,902$1,573
30 years$22,391$16,052$11,288$7,809$5,332$1,343
31 years$21,434$15,175$10,523$7,172$4,821$1,148
32 years$20,539$14,358$9,818$6,592$4,361$981
33 years$19,699$13,597$9,167$6,061$3,947$838
34 years$18,911$12,887$8,565$5,577$3,573$716
35 years$18,169$12,223$8,008$5,134$3,236$612
36 years$17,471$11,602$7,491$4,728$2,932$523
37 years$16,811$11,019$7,012$4,357$2,658$447
38 years$16,188$10,472$6,566$4,016$2,409$383
39 years$15,598$9,958$6,152$3,702$2,185$327
40 years$15,039$9,474$5,766$3,415$1,982$280
41 years$14,508$9,018$5,407$3,151$1,798$239
42 years$14,005$8,589$5,072$2,908$1,632$205
43 years$13,526$8,183$4,759$2,684$1,481$175
44 years$13,070$7,801$4,467$2,478$1,344$150
45 years$12,635$7,439$4,195$2,289$1,220$128
46 years$12,221$7,096$3,940$2,114$1,108$110
47 years$11,825$6,772$3,701$1,953$1,006$94
48 years$11,447$6,465$3,478$1,805$914$80
49 years$11,086$6,173$3,269$1,668$830$69
50 years$10,740$5,897$3,074$1,542$754$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $11,000,000, adding $5,139 every year, while hoping to spend $52,233 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: 72/5/23 Blend
72$11,000,000$11,000,000$11,000,000$11,000,000
73$12,127,301$11,544,301$11,373,801$12,930,950
74$13,308,710$12,054,396$11,699,248$13,977,531
75$14,608,872$12,587,735$12,033,846$15,116,788
76$16,039,845$13,145,403$12,377,848$16,363,351
77$17,614,915$13,728,533$12,731,512$17,727,883
78$19,348,721$14,338,315$13,095,101$19,222,124
79$21,257,392$14,975,995$13,468,890$20,859,004
80$23,358,704$15,642,876$13,853,155$22,652,759
81$25,672,241$16,340,327$14,248,185$24,619,071
82$28,219,584$17,069,777$14,654,274$26,775,205
83$31,024,512$17,832,726$15,071,723$29,140,181
84$34,113,229$18,630,746$15,500,842$31,734,946
85$37,514,608$19,465,482$15,941,949$34,582,570
86$41,260,464$20,338,657$16,395,371$37,708,467
87$45,385,858$21,252,078$16,861,443$41,140,629
88$49,929,423$22,207,637$17,340,508$44,909,889
89$54,933,728$23,207,316$17,832,919$49,050,213
90$60,445,685$24,253,191$18,339,039$53,599,016
91$66,516,986$25,347,438$18,859,238$58,597,517
92$73,204,594$26,492,338$19,393,898$64,091,122
93$80,571,279$27,690,279$19,943,409$70,129,854
94$88,686,209$28,943,762$20,508,173$76,768,820
95$97,625,608$30,255,412$21,088,602$84,068,735
96$107,473,467$31,627,974$21,685,117$92,096,487
97$118,322,344$33,064,328$22,298,152$100,925,768
98$130,274,234$34,567,491$22,928,151$110,637,769
99$143,441,532$36,140,624$23,575,570$121,321,943
100$157,948,093$37,787,040$24,240,877$133,076,848