Can I retire at age 73 with 11,600,000?

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$957,917$949,385$941,060$932,934$925,000$907,810
2 years$474,216$465,385$456,825$448,526$440,476$423,221
3 years$313,004$304,134$295,596$287,375$279,456$262,675
4 years$232,413$223,571$215,118$207,038$199,311$183,131
5 years$184,072$175,282$166,941$159,025$151,513$135,982
6 years$151,855$143,131$134,913$127,173$119,887$105,023
7 years$128,851$120,201$112,113$104,556$97,500$83,306
8 years$111,607$103,035$95,081$87,710$80,886$67,358
9 years$98,201$89,710$81,893$74,709$68,118$55,248
10 years$87,483$79,075$71,396$64,400$58,040$45,816
11 years$78,720$70,396$62,856$56,047$49,916$38,325
12 years$71,422$63,184$55,783$49,161$43,256$32,281
13 years$65,252$57,100$49,839$43,402$37,720$27,344
14 years$59,968$51,902$44,780$38,527$33,065$23,269
15 years$55,392$47,413$40,431$34,360$29,113$19,877
16 years$51,392$43,501$36,656$30,765$25,730$17,034
17 years$47,867$40,063$33,356$27,642$22,814$14,637
18 years$44,737$37,020$30,449$24,911$20,285$12,606
19 years$41,939$34,309$27,875$22,509$18,081$10,878
20 years$39,425$31,882$25,582$20,387$16,150$9,402
21 years$37,153$29,697$23,531$18,502$14,453$8,138
22 years$35,090$27,721$21,687$16,823$12,955$7,052
23 years$33,209$25,927$20,024$15,321$11,629$6,117
24 years$31,488$24,292$18,519$13,973$10,452$5,311
25 years$29,907$22,797$17,152$12,761$9,405$4,615
26 years$28,449$21,425$15,908$11,668$8,472$4,013
27 years$27,102$20,164$14,772$10,680$7,638$3,491
28 years$25,854$19,000$13,732$9,785$6,892$3,039
29 years$24,694$17,924$12,779$8,973$6,223$2,646
30 years$23,613$16,928$11,903$8,235$5,623$2,305
31 years$22,603$16,002$11,097$7,564$5,084$2,009
32 years$21,659$15,141$10,354$6,951$4,599$1,751
33 years$20,774$14,339$9,667$6,392$4,162$1,527
34 years$19,943$13,590$9,033$5,881$3,768$1,332
35 years$19,160$12,890$8,445$5,414$3,413$1,161
36 years$18,423$12,235$7,900$4,986$3,092$1,013
37 years$17,728$11,620$7,394$4,594$2,803$884
38 years$17,071$11,043$6,924$4,235$2,541$771
39 years$16,449$10,501$6,487$3,904$2,304$673
40 years$15,859$9,991$6,081$3,601$2,090$588
41 years$15,300$9,510$5,702$3,323$1,896$513
42 years$14,768$9,057$5,348$3,066$1,720$448
43 years$14,263$8,630$5,019$2,831$1,561$391
44 years$13,782$8,226$4,711$2,614$1,417$341
45 years$13,324$7,844$4,423$2,414$1,287$298
46 years$12,887$7,483$4,155$2,230$1,168$260
47 years$12,470$7,141$3,903$2,060$1,061$227
48 years$12,072$6,817$3,668$1,903$963$198
49 years$11,690$6,510$3,448$1,759$875$173
50 years$11,326$6,219$3,241$1,626$795$151

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $11,600,000, adding $4,487 every year, while hoping to spend $53,699 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: 59/18/23 Blend
72$11,600,000$11,600,000$11,600,000$11,600,000
73$12,787,828$12,173,028$11,993,228$13,463,397
74$14,035,052$12,712,371$12,337,866$14,462,815
75$15,407,692$13,276,343$12,692,250$15,546,144
76$16,918,485$13,866,092$13,056,648$16,726,549
77$18,581,464$14,482,824$13,431,340$18,013,449
78$20,412,091$15,127,800$13,816,608$19,417,203
79$22,427,405$15,802,343$14,212,745$20,949,207
80$24,646,180$16,507,837$14,620,051$22,622,001
81$27,089,101$17,245,733$15,038,834$24,449,382
82$29,778,965$18,017,549$15,469,410$26,446,534
83$32,740,888$18,824,877$15,912,104$28,630,164
84$36,002,548$19,669,386$16,367,249$31,018,663
85$39,594,443$20,552,821$16,835,187$33,632,271
86$43,550,180$21,477,012$17,316,269$36,493,268
87$47,906,790$22,443,878$17,810,857$39,626,179
88$52,705,082$23,455,427$18,319,319$43,058,003
89$57,990,021$24,513,764$18,842,037$46,818,466
90$63,811,158$25,621,093$19,379,400$50,940,292
91$70,223,094$26,779,725$19,931,808$55,459,515
92$77,285,999$27,992,081$20,499,673$60,415,810
93$85,066,175$29,260,697$21,083,417$65,852,865
94$93,636,685$30,588,231$21,683,471$71,818,788
95$103,078,040$31,977,468$22,300,280$78,366,559
96$113,478,961$33,431,325$22,934,301$85,554,522
97$124,937,216$34,952,860$23,586,000$93,446,932
98$137,560,539$36,545,278$24,255,859$102,114,555
99$151,467,653$38,211,935$24,944,369$111,635,334
100$166,789,385$39,956,351$25,652,036$122,095,114