Can I retire at age 73 with 11,400,000?

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$941,401$933,016$924,835$916,849$909,052$891,427
2 years$466,040$457,361$448,949$440,793$432,882$415,197
3 years$307,607$298,890$290,500$282,420$274,638$257,444
4 years$228,406$219,716$211,409$203,468$195,874$179,303
5 years$180,898$172,260$164,062$156,283$148,900$133,000
6 years$149,236$140,663$132,587$124,981$117,820$102,608
7 years$126,630$118,129$110,180$102,754$95,819$81,299
8 years$109,682$101,258$93,442$86,197$79,491$65,659
9 years$96,508$88,163$80,481$73,421$66,943$53,790
10 years$85,975$77,712$70,165$63,290$57,039$44,552
11 years$77,362$69,182$61,772$55,081$49,055$37,221
12 years$70,191$62,094$54,821$48,313$42,510$31,311
13 years$64,127$56,115$48,979$42,653$37,070$26,487
14 years$58,934$51,007$44,008$37,863$32,495$22,509
15 years$54,437$46,596$39,733$33,767$28,611$19,202
16 years$50,506$42,751$36,024$30,235$25,287$16,432
17 years$47,042$39,372$32,781$27,166$22,421$14,100
18 years$43,965$36,381$29,924$24,482$19,936$12,125
19 years$41,216$33,718$27,394$22,121$17,769$10,448
20 years$38,745$31,332$25,141$20,035$15,872$9,016
21 years$36,512$29,185$23,125$18,183$14,203$7,792
22 years$34,485$27,243$21,313$16,533$12,731$6,742
23 years$32,637$25,480$19,679$15,057$11,428$5,840
24 years$30,945$23,873$18,200$13,733$10,272$5,062
25 years$29,391$22,404$16,857$12,541$9,243$4,392
26 years$27,959$21,056$15,634$11,467$8,326$3,812
27 years$26,635$19,816$14,517$10,496$7,507$3,312
28 years$25,408$18,672$13,496$9,617$6,773$2,878
29 years$24,268$17,615$12,559$8,819$6,116$2,502
30 years$23,205$16,636$11,698$8,093$5,526$2,176
31 years$22,214$15,726$10,906$7,433$4,996$1,893
32 years$21,286$14,880$10,175$6,831$4,520$1,647
33 years$20,416$14,092$9,501$6,282$4,090$1,434
34 years$19,599$13,356$8,877$5,780$3,703$1,248
35 years$18,830$12,668$8,299$5,321$3,354$1,087
36 years$18,106$12,024$7,764$4,900$3,039$947
37 years$17,422$11,420$7,267$4,515$2,754$825
38 years$16,776$10,853$6,805$4,162$2,497$718
39 years$16,165$10,320$6,376$3,837$2,264$626
40 years$15,586$9,819$5,976$3,539$2,054$545
41 years$15,036$9,346$5,603$3,265$1,863$475
42 years$14,514$8,901$5,256$3,014$1,691$414
43 years$14,017$8,481$4,932$2,782$1,535$361
44 years$13,545$8,084$4,630$2,569$1,393$315
45 years$13,095$7,709$4,347$2,372$1,264$274
46 years$12,665$7,354$4,083$2,191$1,148$239
47 years$12,255$7,018$3,836$2,024$1,043$208
48 years$11,863$6,700$3,605$1,871$947$182
49 years$11,489$6,398$3,388$1,729$860$158
50 years$11,130$6,111$3,185$1,598$781$138

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $11,400,000, adding $6,562 every year, while hoping to spend $51,301 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: 39/39/22 Blend
72$11,400,000$11,400,000$11,400,000$11,400,000
73$12,569,569$11,965,369$11,788,669$12,977,242
74$13,797,081$12,497,088$12,129,005$13,803,782
75$15,148,080$13,053,142$12,479,024$14,691,599
76$16,635,107$13,634,669$12,838,994$15,650,566
77$18,271,982$14,242,862$13,209,194$16,687,173
78$20,073,931$14,878,969$13,589,909$17,808,541
79$22,057,732$15,544,298$13,981,431$19,022,481
80$24,241,873$16,240,221$14,384,061$20,337,570
81$26,646,725$16,968,174$14,798,109$21,763,219
82$29,294,737$17,729,659$15,223,891$23,309,764
83$32,210,641$18,526,254$15,661,733$24,988,554
84$35,421,695$19,359,609$16,111,969$26,812,056
85$38,957,932$20,231,454$16,574,944$28,793,962
86$42,852,446$21,143,600$17,051,010$30,949,318
87$47,141,707$22,097,948$17,540,530$33,294,657
88$51,865,899$23,096,485$18,043,875$35,848,148
89$57,069,304$24,141,296$18,561,428$38,629,762
90$62,800,718$25,234,565$19,093,582$41,661,454
91$69,113,913$26,378,580$19,640,738$44,967,361
92$76,068,140$27,575,739$20,203,311$48,574,023
93$83,728,694$28,828,554$20,781,726$52,510,628
94$92,167,525$30,139,657$21,376,417$56,809,275
95$101,463,919$31,511,807$21,987,834$61,505,269
96$111,705,248$32,947,894$22,616,436$66,637,449
97$122,987,791$34,450,948$23,262,694$72,248,540
98$135,417,644$36,024,143$23,927,092$78,385,549
99$149,111,722$37,670,805$24,610,129$85,100,198
100$164,198,864$39,394,421$25,312,314$92,449,400