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%15.7%
1 years$933,143$924,831$916,722$908,807$901,078$880,009
2 years$461,952$453,349$445,011$436,926$429,085$407,978
3 years$304,909$296,268$287,951$279,943$272,229$251,744
4 years$226,403$217,789$209,555$201,683$194,156$174,450
5 years$179,311$170,749$162,623$154,912$147,594$128,723
6 years$147,927$139,429$131,424$123,884$116,786$98,769
7 years$125,519$117,093$109,214$101,852$94,979$77,818
8 years$108,720$100,370$92,622$85,441$78,794$62,483
9 years$95,662$87,390$79,775$72,777$66,356$50,882
10 years$85,221$77,030$69,550$62,734$56,538$41,884
11 years$76,684$68,575$61,231$54,598$48,625$34,770
12 years$69,575$61,550$54,341$47,890$42,137$29,060
13 years$63,564$55,623$48,550$42,279$36,745$24,419
14 years$58,417$50,560$43,622$37,531$32,210$20,611
15 years$53,959$46,187$39,385$33,471$28,360$17,461
16 years$50,063$42,376$35,708$29,970$25,065$14,837
17 years$46,629$39,027$32,493$26,927$22,224$12,640
18 years$43,580$36,062$29,662$24,267$19,761$10,791
19 years$40,855$33,422$27,154$21,927$17,613$9,229
20 years$38,405$31,057$24,921$19,859$15,732$7,905
21 years$36,192$28,929$22,922$18,024$14,079$6,779
22 years$34,182$27,004$21,126$16,388$12,620$5,821
23 years$32,350$25,256$19,506$14,925$11,328$5,002
24 years$30,673$23,664$18,040$13,612$10,182$4,302
25 years$29,133$22,207$16,709$12,431$9,162$3,703
26 years$27,714$20,871$15,497$11,367$8,253$3,189
27 years$26,402$19,642$14,390$10,404$7,441$2,748
28 years$25,185$18,509$13,377$9,532$6,714$2,368
29 years$24,055$17,461$12,449$8,741$6,063$2,042
30 years$23,002$16,490$11,596$8,022$5,478$1,762
31 years$22,019$15,588$10,810$7,368$4,953$1,520
32 years$21,099$14,750$10,086$6,771$4,480$1,312
33 years$20,237$13,968$9,417$6,227$4,054$1,132
34 years$19,427$13,239$8,799$5,729$3,671$977
35 years$18,665$12,557$8,227$5,274$3,325$844
36 years$17,947$11,918$7,696$4,857$3,012$729
37 years$17,269$11,320$7,203$4,475$2,730$630
38 years$16,629$10,758$6,745$4,125$2,475$544
39 years$16,023$10,229$6,320$3,803$2,245$470
40 years$15,449$9,732$5,923$3,508$2,036$406
41 years$14,904$9,264$5,554$3,237$1,847$351
42 years$14,387$8,823$5,210$2,987$1,676$303
43 years$13,894$8,407$4,889$2,757$1,521$262
44 years$13,426$8,013$4,589$2,546$1,381$226
45 years$12,980$7,641$4,309$2,351$1,253$195
46 years$12,554$7,290$4,047$2,172$1,138$169
47 years$12,148$6,956$3,802$2,007$1,033$146
48 years$11,759$6,641$3,573$1,854$938$126
49 years$11,388$6,342$3,358$1,714$852$109
50 years$11,033$6,058$3,157$1,584$774$94

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 $3,081 every year, while hoping to spend $41,313 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: 50/22/28 Blend
72$11,300,000$11,300,000$11,300,000$11,300,000
73$12,455,778$11,856,878$11,681,728$12,979,696
74$13,682,311$12,393,908$12,029,109$13,883,331
75$15,032,565$12,955,869$12,386,743$14,860,601
76$16,519,117$13,543,936$12,754,929$15,922,053
77$18,155,824$14,159,347$13,133,977$17,075,696
78$19,957,956$14,803,392$13,524,202$18,330,335
79$21,942,337$15,477,428$13,925,933$19,695,648
80$24,127,509$16,182,875$14,339,505$21,182,275
81$26,533,900$16,921,221$14,765,264$22,801,917
82$29,184,023$17,694,026$15,203,565$24,567,440
83$32,102,683$18,502,924$15,654,775$26,492,997
84$35,317,217$19,349,627$16,119,269$28,594,153
85$38,857,745$20,235,930$16,597,437$30,888,031
86$42,757,459$21,163,715$17,089,675$33,393,470
87$47,052,935$22,134,953$17,596,394$36,131,197
88$51,784,477$23,151,708$18,118,017$39,124,019
89$56,996,499$24,216,148$18,654,976$42,397,031
90$62,737,943$25,330,539$19,207,718$45,977,856
91$69,062,740$26,497,262$19,776,703$49,896,890
92$76,030,320$27,718,809$20,362,403$54,187,592
93$83,706,173$28,997,791$20,965,305$58,886,790
94$92,162,467$30,336,947$21,585,907$64,035,026
95$101,478,729$31,739,148$22,224,725$69,676,931
96$111,742,594$33,207,400$22,882,287$75,861,638
97$123,050,633$34,744,858$23,559,139$82,643,244
98$135,509,267$36,354,825$24,255,839$90,081,312
99$149,235,766$38,040,766$24,972,964$98,241,423
100$164,359,362$39,806,311$25,711,106$107,195,795