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%14.7%
1 years$966,175$957,569$949,172$940,977$932,974$914,886
2 years$478,304$469,397$460,763$452,393$444,274$426,123
3 years$315,702$306,756$298,144$289,852$281,865$264,219
4 years$234,417$225,498$216,973$208,822$201,029$184,022
5 years$185,659$176,793$168,380$160,396$152,819$136,500
6 years$153,164$144,365$136,076$128,270$120,920$105,308
7 years$129,962$121,237$113,080$105,458$98,341$83,438
8 years$112,569$103,923$95,901$88,466$81,583$67,387
9 years$99,048$90,484$82,599$75,353$68,705$55,205
10 years$88,237$79,757$72,012$64,955$58,540$45,725
11 years$79,398$71,003$63,398$56,530$50,346$38,200
12 years$72,038$63,728$56,264$49,585$43,629$32,135
13 years$65,814$57,592$50,268$43,776$38,045$27,184
14 years$60,484$52,349$45,166$38,859$33,350$23,101
15 years$55,870$47,822$40,779$34,656$29,364$19,707
16 years$51,835$43,876$36,972$31,030$25,952$16,865
17 years$48,280$40,408$33,643$27,881$23,011$14,471
18 years$45,122$37,339$30,712$25,126$20,460$12,444
19 years$42,301$34,605$28,115$22,704$18,237$10,722
20 years$39,765$32,157$25,803$20,562$16,289$9,254
21 years$37,473$29,953$23,734$18,662$14,577$7,997
22 years$35,392$27,960$21,874$16,968$13,066$6,920
23 years$33,495$26,150$20,197$15,453$11,729$5,993
24 years$31,759$24,501$18,679$14,094$10,542$5,195
25 years$30,164$22,993$17,300$12,871$9,487$4,507
26 years$28,695$21,610$16,045$11,769$8,545$3,913
27 years$27,336$20,337$14,899$10,772$7,704$3,399
28 years$26,077$19,164$13,851$9,870$6,952$2,954
29 years$24,906$18,079$12,889$9,051$6,277$2,568
30 years$23,816$17,074$12,006$8,306$5,672$2,233
31 years$22,798$16,140$11,193$7,629$5,128$1,943
32 years$21,846$15,272$10,443$7,011$4,638$1,691
33 years$20,953$14,463$9,751$6,447$4,198$1,472
34 years$20,114$13,707$9,111$5,932$3,801$1,281
35 years$19,326$13,001$8,518$5,461$3,442$1,116
36 years$18,582$12,340$7,968$5,029$3,119$972
37 years$17,881$11,720$7,458$4,634$2,827$846
38 years$17,218$11,138$6,984$4,271$2,563$737
39 years$16,590$10,592$6,543$3,938$2,324$642
40 years$15,996$10,077$6,133$3,632$2,108$560
41 years$15,432$9,592$5,751$3,351$1,912$488
42 years$14,896$9,135$5,395$3,093$1,735$425
43 years$14,386$8,704$5,062$2,855$1,575$370
44 years$13,901$8,297$4,752$2,636$1,430$323
45 years$13,439$7,912$4,462$2,435$1,298$281
46 years$12,998$7,548$4,190$2,249$1,178$245
47 years$12,578$7,203$3,937$2,078$1,070$214
48 years$12,176$6,876$3,700$1,920$972$186
49 years$11,791$6,566$3,477$1,774$883$162
50 years$11,423$6,272$3,269$1,640$802$142

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 $2,260 every year, while hoping to spend $35,084 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: 56/17/27 Blend
72$11,700,000$11,700,000$11,700,000$11,700,000
73$12,895,731$12,275,631$12,094,281$13,522,002
74$14,173,767$12,839,808$12,462,111$14,516,908
75$15,580,986$13,430,454$12,841,086$15,596,500
76$17,130,529$14,048,828$13,231,545$16,772,074
77$18,836,874$14,696,252$13,633,833$18,052,899
78$20,715,975$15,374,108$14,048,306$19,449,165
79$22,785,414$16,083,849$14,475,334$20,972,084
80$25,064,562$16,826,994$14,915,294$22,633,988
81$27,574,767$17,605,136$15,368,576$24,448,444
82$30,339,553$18,419,947$15,835,582$26,430,378
83$33,384,839$19,273,176$16,316,726$28,596,214
84$36,739,190$20,166,659$16,812,434$30,964,027
85$40,434,081$21,102,319$17,323,144$33,553,705
86$44,504,198$22,082,173$17,849,310$36,387,140
87$48,987,760$23,108,334$18,391,396$39,488,424
88$53,926,885$24,183,016$18,949,882$42,884,079
89$59,367,987$25,308,543$19,525,262$46,603,299
90$65,362,208$26,487,348$20,118,044$50,678,222
91$71,965,908$27,721,984$20,728,754$55,144,229
92$79,241,194$29,015,124$21,357,930$60,040,276
93$87,256,504$30,369,573$22,006,129$65,409,253
94$96,087,256$31,788,270$22,673,923$71,298,385
95$105,816,558$33,274,298$23,361,901$77,759,675
96$116,535,993$34,830,885$24,070,672$84,850,386
97$128,346,485$36,461,418$24,800,859$92,633,578
98$141,359,247$38,169,448$25,553,109$101,178,697
99$155,696,835$39,958,696$26,328,083$110,562,223
100$171,494,304$41,833,065$27,126,466$120,868,388