Can I retire at age 73 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$966,175$957,569$949,172$940,977$932,974$920,934
2 years$478,304$469,397$460,763$452,393$444,274$432,161
3 years$315,702$306,756$298,144$289,852$281,865$270,056
4 years$234,417$225,498$216,973$208,822$201,029$189,614
5 years$185,659$176,793$168,380$160,396$152,819$141,832
6 years$153,164$144,365$136,076$128,270$120,920$110,374
7 years$129,962$121,237$113,080$105,458$98,341$88,239
8 years$112,569$103,923$95,901$88,466$81,583$71,926
9 years$99,048$90,484$82,599$75,353$68,705$59,487
10 years$88,237$79,757$72,012$64,955$58,540$49,755
11 years$79,398$71,003$63,398$56,530$50,346$41,986
12 years$72,038$63,728$56,264$49,585$43,629$35,685
13 years$65,814$57,592$50,268$43,776$38,045$30,506
14 years$60,484$52,349$45,166$38,859$33,350$26,205
15 years$55,870$47,822$40,779$34,656$29,364$22,601
16 years$51,835$43,876$36,972$31,030$25,952$19,559
17 years$48,280$40,408$33,643$27,881$23,011$16,975
18 years$45,122$37,339$30,712$25,126$20,460$14,768
19 years$42,301$34,605$28,115$22,704$18,237$12,875
20 years$39,765$32,157$25,803$20,562$16,289$11,245
21 years$37,473$29,953$23,734$18,662$14,577$9,836
22 years$35,392$27,960$21,874$16,968$13,066$8,615
23 years$33,495$26,150$20,197$15,453$11,729$7,555
24 years$31,759$24,501$18,679$14,094$10,542$6,632
25 years$30,164$22,993$17,300$12,871$9,487$5,827
26 years$28,695$21,610$16,045$11,769$8,545$5,123
27 years$27,336$20,337$14,899$10,772$7,704$4,508
28 years$26,077$19,164$13,851$9,870$6,952$3,968
29 years$24,906$18,079$12,889$9,051$6,277$3,495
30 years$23,816$17,074$12,006$8,306$5,672$3,080
31 years$22,798$16,140$11,193$7,629$5,128$2,715
32 years$21,846$15,272$10,443$7,011$4,638$2,395
33 years$20,953$14,463$9,751$6,447$4,198$2,112
34 years$20,114$13,707$9,111$5,932$3,801$1,864
35 years$19,326$13,001$8,518$5,461$3,442$1,645
36 years$18,582$12,340$7,968$5,029$3,119$1,452
37 years$17,881$11,720$7,458$4,634$2,827$1,282
38 years$17,218$11,138$6,984$4,271$2,563$1,132
39 years$16,590$10,592$6,543$3,938$2,324$1,000
40 years$15,996$10,077$6,133$3,632$2,108$883
41 years$15,432$9,592$5,751$3,351$1,912$780
42 years$14,896$9,135$5,395$3,093$1,735$690
43 years$14,386$8,704$5,062$2,855$1,575$609
44 years$13,901$8,297$4,752$2,636$1,430$538
45 years$13,439$7,912$4,462$2,435$1,298$476
46 years$12,998$7,548$4,190$2,249$1,178$420
47 years$12,578$7,203$3,937$2,078$1,070$372
48 years$12,176$6,876$3,700$1,920$972$328
49 years$11,791$6,566$3,477$1,774$883$290
50 years$11,423$6,272$3,269$1,640$802$257

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $11,700,000, adding $2,064 every year, while hoping to spend $30,095 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: 76/5/19 Blend
72$11,700,000$11,700,000$11,700,000$11,700,000
73$12,895,529$12,275,429$12,094,079$13,818,780
74$14,178,852$12,844,904$12,467,210$14,999,676
75$15,592,066$13,441,275$12,851,832$16,290,163
76$17,148,386$14,065,828$13,248,298$17,704,313
77$18,862,379$14,719,910$13,656,973$19,254,464
78$20,750,091$15,404,935$14,078,232$20,954,207
79$22,829,208$16,122,385$14,512,460$22,818,505
80$25,119,218$16,873,812$14,960,058$24,863,840
81$27,641,593$17,660,844$15,421,435$27,108,363
82$30,419,997$18,485,187$15,897,015$29,572,065
83$33,480,506$19,348,631$16,387,234$32,276,963
84$36,851,854$20,253,050$16,892,542$35,247,311
85$40,565,704$21,200,410$17,413,403$38,509,821
86$44,656,947$22,192,771$17,950,294$42,093,917
87$49,164,034$23,232,295$18,503,707$46,032,013
88$54,129,334$24,321,246$19,074,150$50,359,812
89$59,599,538$25,461,999$19,662,145$55,116,646
90$65,626,096$26,657,043$20,268,233$60,345,842
91$72,265,706$27,908,986$20,892,967$66,095,132
92$79,580,848$29,220,567$21,536,921$72,417,100
93$87,640,372$30,594,651$22,200,685$79,369,675
94$96,520,149$32,034,248$22,884,867$87,016,679
95$106,303,787$33,542,510$23,590,093$95,428,423
96$117,083,422$35,122,741$24,317,010$104,682,375
97$128,960,584$36,778,409$25,066,283$114,863,878
98$142,047,158$38,513,145$25,838,598$126,066,966
99$156,466,440$40,330,761$26,634,663$138,395,239
100$172,354,298$42,235,249$27,455,205$151,962,844