Can I retire at age 73 with 11,200,000?

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$924,886$916,647$908,609$900,764$893,104$865,555
2 years$457,864$449,337$441,073$433,060$425,287$397,773
3 years$302,211$293,647$285,403$277,466$269,820$243,203
4 years$224,399$215,861$207,700$199,898$192,438$166,923
5 years$177,725$169,238$161,184$153,541$146,288$121,944
6 years$146,618$138,195$130,261$122,788$115,753$92,600
7 years$124,408$116,056$108,247$100,951$94,138$72,176
8 years$107,758$99,482$91,802$84,685$78,097$57,310
9 years$94,815$86,617$79,069$72,133$65,769$46,136
10 years$84,467$76,348$68,934$62,179$56,038$37,530
11 years$76,005$67,969$60,689$54,115$48,195$30,778
12 years$68,959$61,005$53,860$47,466$41,764$25,404
13 years$63,002$55,131$48,120$41,905$36,419$21,076
14 years$57,900$50,112$43,236$37,199$31,925$17,558
15 years$53,482$45,778$39,036$33,175$28,109$14,677
16 years$49,620$42,001$35,392$29,704$24,843$12,303
17 years$46,216$38,681$32,205$26,689$22,028$10,337
18 years$43,194$35,743$29,399$24,052$19,586$8,702
19 years$40,493$33,126$26,914$21,733$17,457$7,337
20 years$38,065$30,783$24,700$19,684$15,593$6,194
21 years$35,871$28,673$22,719$17,864$13,954$5,235
22 years$33,880$26,765$20,939$16,243$12,508$4,429
23 years$32,064$25,033$19,334$14,793$11,228$3,750
24 years$30,402$23,454$17,881$13,492$10,092$3,177
25 years$28,875$22,010$16,561$12,321$9,081$2,693
26 years$27,468$20,686$15,359$11,266$8,180$2,284
27 years$26,168$19,468$14,263$10,312$7,375$1,938
28 years$24,962$18,345$13,259$9,448$6,655$1,645
29 years$23,842$17,306$12,339$8,664$6,009$1,396
30 years$22,798$16,344$11,493$7,951$5,429$1,186
31 years$21,824$15,450$10,715$7,303$4,909$1,007
32 years$20,912$14,619$9,997$6,711$4,440$855
33 years$20,058$13,845$9,334$6,172$4,018$727
34 years$19,255$13,122$8,721$5,679$3,638$618
35 years$18,500$12,446$8,154$5,227$3,295$525
36 years$17,788$11,813$7,628$4,814$2,986$446
37 years$17,117$11,219$7,139$4,436$2,706$379
38 years$16,482$10,662$6,686$4,089$2,453$322
39 years$15,881$10,139$6,264$3,770$2,225$274
40 years$15,312$9,646$5,871$3,477$2,018$233
41 years$14,772$9,182$5,505$3,208$1,831$198
42 years$14,259$8,745$5,164$2,961$1,661$168
43 years$13,771$8,332$4,846$2,733$1,508$143
44 years$13,307$7,942$4,549$2,524$1,368$122
45 years$12,865$7,574$4,271$2,331$1,242$103
46 years$12,443$7,225$4,011$2,153$1,128$88
47 years$12,040$6,895$3,769$1,989$1,024$75
48 years$11,655$6,582$3,541$1,838$930$64
49 years$11,287$6,286$3,329$1,698$845$54
50 years$10,935$6,004$3,130$1,570$767$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $11,200,000, adding $3,356 every year, while hoping to spend $54,767 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: 69/8/23 Blend
72$11,200,000$11,200,000$11,200,000$11,200,000
73$12,345,862$11,752,262$11,578,662$13,125,818
74$13,546,868$12,269,851$11,908,275$14,165,888
75$14,868,541$12,810,966$12,247,095$15,296,963
76$16,323,132$13,376,703$12,595,372$16,533,423
77$17,924,138$13,968,208$12,953,364$17,885,692
78$19,686,432$14,586,682$13,321,333$19,365,240
79$21,626,401$15,233,383$13,699,552$20,984,701
80$23,762,105$15,909,629$14,088,297$22,757,980
81$26,113,439$16,616,801$14,487,854$24,700,391
82$28,702,328$17,356,343$14,898,516$26,828,797
83$31,552,932$18,129,770$15,320,583$29,161,765
84$34,691,871$18,938,668$15,754,362$31,719,745
85$38,148,479$19,784,700$16,200,170$34,525,255
86$41,955,079$20,669,605$16,658,331$37,603,098
87$46,147,288$21,595,208$17,129,177$40,980,587
88$50,764,357$22,563,417$17,613,049$44,687,810
89$55,849,532$23,576,236$18,110,297$48,757,902
90$61,450,473$24,635,760$18,621,280$53,227,364
91$67,619,694$25,744,185$19,146,367$58,136,398
92$74,415,066$26,903,814$19,685,933$63,529,292
93$81,900,359$28,117,057$20,240,368$69,454,829
94$90,145,842$29,386,439$20,810,067$75,966,748
95$99,228,952$30,714,608$21,395,438$83,124,248
96$109,235,018$32,104,337$21,996,898$90,992,545
97$120,258,071$33,558,531$22,614,875$99,643,485
98$132,401,730$35,080,234$23,249,809$109,156,215
99$145,780,178$36,672,637$23,902,149$119,617,936
100$160,519,242$38,339,082$24,572,357$131,124,712