Can I retire at age 73 with 11,500,000?

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$949,659$941,200$932,947$924,892$917,026$910,865
2 years$470,128$461,373$452,887$444,660$436,679$430,466
3 years$310,306$301,512$293,048$284,898$277,047$270,973
4 years$230,410$221,643$213,264$205,253$197,592$191,705
5 years$182,485$173,771$165,501$157,654$150,207$144,523
6 years$150,546$141,897$133,750$126,077$118,853$113,381
7 years$127,741$119,165$111,147$103,655$96,660$91,401
8 years$110,645$102,146$94,261$86,953$80,188$75,144
9 years$97,355$88,937$81,187$74,065$67,530$62,699
10 years$86,729$78,393$70,781$63,845$57,539$52,918
11 years$78,041$69,789$62,314$55,564$49,486$45,071
12 years$70,806$62,639$55,302$48,737$42,883$38,672
13 years$64,689$56,607$49,409$43,028$37,395$33,382
14 years$59,451$51,454$44,394$38,195$32,780$28,961
15 years$54,914$47,005$40,082$34,063$28,862$25,232
16 years$50,949$43,126$36,340$30,500$25,509$22,062
17 years$47,454$39,717$33,068$27,404$22,618$19,349
18 years$44,351$36,701$30,187$24,697$20,111$17,014
19 years$41,578$34,014$27,635$22,315$17,925$14,994
20 years$39,085$31,607$25,362$20,211$16,011$13,240
21 years$36,832$29,441$23,328$18,343$14,328$11,712
22 years$34,787$27,482$21,500$16,678$12,843$10,375
23 years$32,923$25,703$19,852$15,189$11,529$9,202
24 years$31,216$24,082$18,359$13,853$10,362$8,172
25 years$29,649$22,600$17,005$12,651$9,324$7,264
26 years$28,204$21,240$15,771$11,568$8,399$6,463
27 years$26,869$19,990$14,645$10,588$7,572$5,755
28 years$25,631$18,836$13,614$9,701$6,833$5,127
29 years$24,481$17,770$12,669$8,896$6,170$4,571
30 years$23,409$16,782$11,801$8,164$5,575$4,078
31 years$22,408$15,864$11,002$7,498$5,040$3,639
32 years$21,472$15,011$10,265$6,891$4,559$3,249
33 years$20,595$14,215$9,584$6,337$4,126$2,902
34 years$19,771$13,473$8,955$5,831$3,736$2,593
35 years$18,995$12,779$8,372$5,367$3,384$2,318
36 years$18,265$12,129$7,832$4,943$3,066$2,072
37 years$17,575$11,520$7,331$4,555$2,779$1,853
38 years$16,923$10,948$6,865$4,198$2,519$1,657
39 years$16,307$10,410$6,432$3,871$2,284$1,483
40 years$15,722$9,905$6,028$3,570$2,072$1,327
41 years$15,168$9,428$5,653$3,294$1,880$1,187
42 years$14,641$8,979$5,302$3,040$1,706$1,063
43 years$14,140$8,555$4,976$2,806$1,548$951
44 years$13,664$8,155$4,670$2,591$1,405$851
45 years$13,209$7,777$4,385$2,393$1,276$762
46 years$12,776$7,419$4,119$2,210$1,158$683
47 years$12,363$7,080$3,870$2,042$1,052$611
48 years$11,967$6,758$3,636$1,887$955$547
49 years$11,590$6,454$3,418$1,744$867$490
50 years$11,228$6,165$3,213$1,612$788$439

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $11,500,000, adding $6,969 every year, while hoping to spend $22,750 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: 60/21/19 Blend
72$11,500,000$11,500,000$11,500,000$11,500,000
73$12,680,189$12,070,689$11,892,439$13,377,892
74$13,949,362$12,637,946$12,266,629$14,417,953
75$15,347,229$13,232,238$12,652,593$15,548,987
76$16,886,891$13,854,862$13,050,700$16,782,406
77$18,582,788$14,507,185$13,461,333$18,128,130
78$20,450,829$15,190,634$13,884,884$19,597,072
79$22,508,548$15,906,709$14,321,762$21,201,234
80$24,775,263$16,656,981$14,772,384$22,953,820
81$27,272,265$17,443,098$15,237,184$24,869,353
82$30,023,014$18,266,787$15,716,608$26,963,814
83$33,053,362$19,129,861$16,211,115$29,254,787
84$36,391,797$20,034,216$16,721,179$31,761,618
85$40,069,713$20,981,846$17,247,292$34,505,600
86$44,121,704$21,974,836$17,789,956$37,510,167
87$48,585,892$23,015,377$18,349,694$40,801,107
88$53,504,286$24,105,764$18,927,042$44,406,810
89$58,923,179$25,248,402$19,522,553$48,358,524
90$64,893,585$26,445,816$20,136,801$52,690,645
91$71,471,720$27,700,650$20,770,373$57,441,045
92$78,719,533$29,015,679$21,423,878$62,651,413
93$86,705,291$30,393,812$22,097,943$68,367,651
94$95,504,221$31,838,100$22,793,214$74,640,299
95$105,199,224$33,351,739$23,510,360$81,525,008
96$115,881,655$34,938,085$24,250,067$89,083,054
97$127,652,185$36,600,653$25,013,046$97,381,915
98$140,621,754$38,343,130$25,800,028$106,495,901
99$154,912,613$40,169,384$26,611,770$116,506,846
100$170,659,485$42,083,469$27,449,049$127,504,872