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%18.8%
1 years$933,143$924,831$916,722$908,807$901,078$869,107
2 years$461,952$453,349$445,011$436,926$429,085$397,215
3 years$304,909$296,268$287,951$279,943$272,229$241,463
4 years$226,403$217,789$209,555$201,683$194,156$164,728
5 years$179,311$170,749$162,623$154,912$147,594$119,581
6 years$147,927$139,429$131,424$123,884$116,786$90,210
7 years$125,519$117,093$109,214$101,852$94,979$69,833
8 years$108,720$100,370$92,622$85,441$78,794$55,058
9 years$95,662$87,390$79,775$72,777$66,356$43,999
10 years$85,221$77,030$69,550$62,734$56,538$35,522
11 years$76,684$68,575$61,231$54,598$48,625$28,906
12 years$69,575$61,550$54,341$47,890$42,137$23,669
13 years$63,564$55,623$48,550$42,279$36,745$19,477
14 years$58,417$50,560$43,622$37,531$32,210$16,091
15 years$53,959$46,187$39,385$33,471$28,360$13,337
16 years$50,063$42,376$35,708$29,970$25,065$11,083
17 years$46,629$39,027$32,493$26,927$22,224$9,230
18 years$43,580$36,062$29,662$24,267$19,761$7,701
19 years$40,855$33,422$27,154$21,927$17,613$6,434
20 years$38,405$31,057$24,921$19,859$15,732$5,382
21 years$36,192$28,929$22,922$18,024$14,079$4,507
22 years$34,182$27,004$21,126$16,388$12,620$3,777
23 years$32,350$25,256$19,506$14,925$11,328$3,168
24 years$30,673$23,664$18,040$13,612$10,182$2,659
25 years$29,133$22,207$16,709$12,431$9,162$2,232
26 years$27,714$20,871$15,497$11,367$8,253$1,875
27 years$26,402$19,642$14,390$10,404$7,441$1,575
28 years$25,185$18,509$13,377$9,532$6,714$1,324
29 years$24,055$17,461$12,449$8,741$6,063$1,113
30 years$23,002$16,490$11,596$8,022$5,478$936
31 years$22,019$15,588$10,810$7,368$4,953$787
32 years$21,099$14,750$10,086$6,771$4,480$662
33 years$20,237$13,968$9,417$6,227$4,054$557
34 years$19,427$13,239$8,799$5,729$3,671$469
35 years$18,665$12,557$8,227$5,274$3,325$394
36 years$17,947$11,918$7,696$4,857$3,012$332
37 years$17,269$11,320$7,203$4,475$2,730$279
38 years$16,629$10,758$6,745$4,125$2,475$235
39 years$16,023$10,229$6,320$3,803$2,245$198
40 years$15,449$9,732$5,923$3,508$2,036$166
41 years$14,904$9,264$5,554$3,237$1,847$140
42 years$14,387$8,823$5,210$2,987$1,676$118
43 years$13,894$8,407$4,889$2,757$1,521$99
44 years$13,426$8,013$4,589$2,546$1,381$83
45 years$12,980$7,641$4,309$2,351$1,253$70
46 years$12,554$7,290$4,047$2,172$1,138$59
47 years$12,148$6,956$3,802$2,007$1,033$50
48 years$11,759$6,641$3,573$1,854$938$42
49 years$11,388$6,342$3,358$1,714$852$35
50 years$11,033$6,058$3,157$1,584$774$30

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 $4,312 every year, while hoping to spend $21,379 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: 70/17/13 Blend
72$11,300,000$11,300,000$11,300,000$11,300,000
73$12,457,048$11,858,148$11,682,998$13,293,325
74$13,704,920$12,416,450$12,051,631$14,407,310
75$15,079,358$13,001,392$12,431,897$15,623,015
76$16,593,250$13,614,258$12,824,163$16,952,889
77$18,260,796$14,256,391$13,228,807$18,408,176
78$20,097,646$14,929,203$13,646,221$20,001,252
79$22,121,043$15,634,171$14,076,807$21,745,737
80$24,349,990$16,372,846$14,520,980$23,656,622
81$26,805,426$17,146,853$14,979,171$25,750,407
82$29,510,427$17,957,896$15,451,820$28,045,256
83$32,490,419$18,807,762$15,939,385$30,561,162
84$35,773,424$19,698,324$16,442,336$33,320,139
85$39,390,318$20,631,547$16,961,159$36,346,422
86$43,375,127$21,609,489$17,496,354$39,666,691
87$47,765,347$22,634,311$18,048,439$43,310,326
88$52,602,297$23,708,277$18,617,947$47,309,676
89$57,931,510$24,833,762$19,205,427$51,700,362
90$63,803,162$26,013,254$19,811,446$56,521,611
91$70,272,545$27,249,364$20,436,591$61,816,619
92$77,400,591$28,544,830$21,081,463$67,632,958
93$85,254,446$29,902,521$21,746,687$74,023,020
94$93,908,103$31,325,447$22,432,904$81,044,507
95$103,443,100$32,816,765$23,140,777$88,760,968
96$113,949,292$34,379,782$23,870,989$97,242,401
97$125,525,698$36,017,970$24,624,246$106,565,902
98$138,281,436$37,734,967$25,401,274$116,816,391
99$152,336,751$39,534,589$26,202,825$128,087,406
100$167,824,151$41,420,836$27,029,672$140,481,983