Can I retire at age 73 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$933,143$924,831$916,722$908,807$901,078$876,805
2 years$461,952$453,349$445,011$436,926$429,085$404,804
3 years$304,909$296,268$287,951$279,943$272,229$248,700
4 years$226,403$217,789$209,555$201,683$194,156$171,559
5 years$179,311$170,749$162,623$154,912$147,594$125,992
6 years$147,927$139,429$131,424$123,884$116,786$96,200
7 years$125,519$117,093$109,214$101,852$94,979$75,408
8 years$108,720$100,370$92,622$85,441$78,794$60,230
9 years$95,662$87,390$79,775$72,777$66,356$48,782
10 years$85,221$77,030$69,550$62,734$56,538$39,931
11 years$76,684$68,575$61,231$54,598$48,625$32,959
12 years$69,575$61,550$54,341$47,890$42,137$27,384
13 years$63,564$55,623$48,550$42,279$36,745$22,873
14 years$58,417$50,560$43,622$37,531$32,210$19,187
15 years$53,959$46,187$39,385$33,471$28,360$16,152
16 years$50,063$42,376$35,708$29,970$25,065$13,637
17 years$46,629$39,027$32,493$26,927$22,224$11,542
18 years$43,580$36,062$29,662$24,267$19,761$9,788
19 years$40,855$33,422$27,154$21,927$17,613$8,315
20 years$38,405$31,057$24,921$19,859$15,732$7,074
21 years$36,192$28,929$22,922$18,024$14,079$6,025
22 years$34,182$27,004$21,126$16,388$12,620$5,137
23 years$32,350$25,256$19,506$14,925$11,328$4,384
24 years$30,673$23,664$18,040$13,612$10,182$3,743
25 years$29,133$22,207$16,709$12,431$9,162$3,199
26 years$27,714$20,871$15,497$11,367$8,253$2,735
27 years$26,402$19,642$14,390$10,404$7,441$2,339
28 years$25,185$18,509$13,377$9,532$6,714$2,002
29 years$24,055$17,461$12,449$8,741$6,063$1,713
30 years$23,002$16,490$11,596$8,022$5,478$1,467
31 years$22,019$15,588$10,810$7,368$4,953$1,256
32 years$21,099$14,750$10,086$6,771$4,480$1,076
33 years$20,237$13,968$9,417$6,227$4,054$922
34 years$19,427$13,239$8,799$5,729$3,671$790
35 years$18,665$12,557$8,227$5,274$3,325$677
36 years$17,947$11,918$7,696$4,857$3,012$580
37 years$17,269$11,320$7,203$4,475$2,730$497
38 years$16,629$10,758$6,745$4,125$2,475$426
39 years$16,023$10,229$6,320$3,803$2,245$365
40 years$15,449$9,732$5,923$3,508$2,036$313
41 years$14,904$9,264$5,554$3,237$1,847$269
42 years$14,387$8,823$5,210$2,987$1,676$230
43 years$13,894$8,407$4,889$2,757$1,521$197
44 years$13,426$8,013$4,589$2,546$1,381$169
45 years$12,980$7,641$4,309$2,351$1,253$145
46 years$12,554$7,290$4,047$2,172$1,138$125
47 years$12,148$6,956$3,802$2,007$1,033$107
48 years$11,759$6,641$3,573$1,854$938$92
49 years$11,388$6,342$3,358$1,714$852$79
50 years$11,033$6,058$3,157$1,584$774$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $11,300,000, adding $6,087 every year, while hoping to spend $54,280 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: 40/49/11 Blend
72$11,300,000$11,300,000$11,300,000$11,300,000
73$12,458,879$11,859,979$11,684,829$12,915,981
74$13,671,931$12,383,364$12,018,517$13,762,041
75$15,006,895$12,930,576$12,361,565$14,670,890
76$16,476,149$13,502,725$12,714,228$15,652,848
77$18,093,331$14,100,974$13,076,769$16,714,556
78$19,873,470$14,726,540$13,449,460$17,863,294
79$21,833,122$15,380,699$13,832,575$19,107,049
80$23,990,535$16,064,788$14,226,401$20,454,583
81$26,365,813$16,780,206$14,631,229$21,915,511
82$28,981,109$17,528,419$15,047,358$23,500,384
83$31,860,834$18,310,963$15,475,096$25,220,789
84$35,031,885$19,129,447$15,914,758$27,089,445
85$38,523,903$19,985,555$16,366,668$29,120,320
86$42,369,548$20,881,054$16,831,158$31,328,757
87$46,604,809$21,817,793$17,308,569$33,731,608
88$51,269,344$22,797,709$17,799,251$36,347,392
89$56,406,853$23,822,833$18,303,562$39,196,455
90$62,065,492$24,895,291$18,821,871$42,301,159
91$68,298,323$26,017,312$19,354,555$45,686,084
92$75,163,821$27,191,229$19,902,001$49,378,248
93$82,726,421$28,419,489$20,464,608$53,407,358
94$91,057,126$29,704,654$21,042,782$57,806,075
95$100,234,180$31,049,410$21,636,943$62,610,317
96$110,343,805$32,456,569$22,247,519$67,859,586
97$121,481,011$33,929,080$22,874,950$73,597,328
98$133,750,501$35,470,031$23,519,687$79,871,334
99$147,267,649$37,082,659$24,182,193$86,734,179
100$162,159,595$38,770,356$24,862,943$94,243,704