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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.6%
1 years$949,659$941,200$932,947$924,892$917,026$892,324
2 years$470,128$461,373$452,887$444,660$436,679$411,969
3 years$310,306$301,512$293,048$284,898$277,047$253,102
4 years$230,410$221,643$213,264$205,253$197,592$174,596
5 years$182,485$173,771$165,501$157,654$150,207$128,222
6 years$150,546$141,897$133,750$126,077$118,853$97,903
7 years$127,741$119,165$111,147$103,655$96,660$76,743
8 years$110,645$102,146$94,261$86,953$80,188$61,296
9 years$97,355$88,937$81,187$74,065$67,530$49,645
10 years$86,729$78,393$70,781$63,845$57,539$40,638
11 years$78,041$69,789$62,314$55,564$49,486$33,542
12 years$70,806$62,639$55,302$48,737$42,883$27,869
13 years$64,689$56,607$49,409$43,028$37,395$23,278
14 years$59,451$51,454$44,394$38,195$32,780$19,527
15 years$54,914$47,005$40,082$34,063$28,862$16,438
16 years$50,949$43,126$36,340$30,500$25,509$13,879
17 years$47,454$39,717$33,068$27,404$22,618$11,746
18 years$44,351$36,701$30,187$24,697$20,111$9,961
19 years$41,578$34,014$27,635$22,315$17,925$8,462
20 years$39,085$31,607$25,362$20,211$16,011$7,199
21 years$36,832$29,441$23,328$18,343$14,328$6,132
22 years$34,787$27,482$21,500$16,678$12,843$5,228
23 years$32,923$25,703$19,852$15,189$11,529$4,461
24 years$31,216$24,082$18,359$13,853$10,362$3,810
25 years$29,649$22,600$17,005$12,651$9,324$3,255
26 years$28,204$21,240$15,771$11,568$8,399$2,783
27 years$26,869$19,990$14,645$10,588$7,572$2,381
28 years$25,631$18,836$13,614$9,701$6,833$2,037
29 years$24,481$17,770$12,669$8,896$6,170$1,744
30 years$23,409$16,782$11,801$8,164$5,575$1,493
31 years$22,408$15,864$11,002$7,498$5,040$1,279
32 years$21,472$15,011$10,265$6,891$4,559$1,095
33 years$20,595$14,215$9,584$6,337$4,126$938
34 years$19,771$13,473$8,955$5,831$3,736$804
35 years$18,995$12,779$8,372$5,367$3,384$689
36 years$18,265$12,129$7,832$4,943$3,066$590
37 years$17,575$11,520$7,331$4,555$2,779$506
38 years$16,923$10,948$6,865$4,198$2,519$434
39 years$16,307$10,410$6,432$3,871$2,284$372
40 years$15,722$9,905$6,028$3,570$2,072$319
41 years$15,168$9,428$5,653$3,294$1,880$273
42 years$14,641$8,979$5,302$3,040$1,706$234
43 years$14,140$8,555$4,976$2,806$1,548$201
44 years$13,664$8,155$4,670$2,591$1,405$172
45 years$13,209$7,777$4,385$2,393$1,276$148
46 years$12,776$7,419$4,119$2,210$1,158$127
47 years$12,363$7,080$3,870$2,042$1,052$109
48 years$11,967$6,758$3,636$1,887$955$93
49 years$11,590$6,454$3,418$1,744$867$80
50 years$11,228$6,165$3,213$1,612$788$69

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 $3,375 every year, while hoping to spend $48,075 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: 54/20/26 Blend
72$11,500,000$11,500,000$11,500,000$11,500,000
73$12,676,481$12,066,981$11,888,731$13,269,538
74$13,918,331$12,607,112$12,235,852$14,219,153
75$15,285,238$13,172,098$12,592,991$15,247,191
76$16,789,908$13,763,106$12,960,431$16,365,440
77$18,446,339$14,381,359$13,338,467$17,582,567
78$20,269,958$15,028,138$13,727,398$18,908,101
79$22,277,762$15,704,785$14,127,534$20,352,520
80$24,488,481$16,412,707$14,539,193$21,927,352
81$26,922,752$17,153,375$14,962,702$23,645,274
82$29,603,317$17,928,335$15,398,397$25,520,234
83$32,555,234$18,739,202$15,846,622$27,567,576
84$35,806,117$19,587,672$16,307,733$29,804,182
85$39,386,393$20,475,520$16,782,094$32,248,630
86$43,329,591$21,404,606$17,270,080$34,921,364
87$47,672,657$22,376,880$17,772,075$37,844,882
88$52,456,304$23,394,383$18,288,476$41,043,947
89$57,725,396$24,459,257$18,819,689$44,545,814
90$63,529,370$25,573,744$19,366,132$48,380,485
91$69,922,703$26,740,194$19,928,234$52,580,988
92$76,965,425$27,961,071$20,506,437$57,183,681
93$84,723,690$29,238,954$21,101,194$62,228,593
94$93,270,393$30,576,549$21,712,970$67,759,797
95$102,685,863$31,976,690$22,342,245$73,825,818
96$113,058,621$33,442,348$22,989,510$80,480,087
97$124,486,212$34,976,635$23,655,271$87,781,443
98$137,076,130$36,582,814$24,340,046$95,794,676
99$150,946,827$38,264,304$25,044,370$104,591,135
100$166,228,837$40,024,689$25,768,790$114,249,399