Can I retire at age 73 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$974,433$965,753$957,285$949,019$940,949$918,574
2 years$482,393$473,408$464,701$456,259$448,071$425,660
3 years$318,401$309,378$300,693$292,330$284,274$262,528
4 years$236,421$227,425$218,827$210,607$202,747$181,831
5 years$187,245$178,304$169,819$161,766$154,125$134,099
6 years$154,473$145,599$137,239$129,366$121,954$102,838
7 years$131,073$122,274$114,046$106,359$99,181$80,977
8 years$113,531$104,811$96,720$89,222$82,280$64,982
9 years$99,894$91,257$83,305$75,997$69,292$52,885
10 years$88,992$80,438$72,627$65,510$59,040$43,506
11 years$80,077$71,610$63,940$57,014$50,777$36,094
12 years$72,653$64,273$56,745$50,009$44,002$30,146
13 years$66,377$58,084$50,698$44,150$38,370$25,315
14 years$61,001$52,797$45,552$39,192$33,635$21,353
15 years$56,347$48,231$41,128$34,952$29,615$18,077
16 years$52,278$44,251$37,288$31,296$26,174$15,350
17 years$48,692$40,753$33,931$28,119$23,208$13,067
18 years$45,508$37,658$30,974$25,341$20,635$11,147
19 years$42,662$34,901$28,356$22,898$18,393$9,526
20 years$40,104$32,432$26,023$20,738$16,429$8,153
21 years$37,793$30,209$23,936$18,821$14,702$6,987
22 years$35,695$28,199$22,061$17,113$13,178$5,995
23 years$33,782$26,374$20,370$15,585$11,829$5,148
24 years$32,031$24,711$18,838$14,214$10,633$4,424
25 years$30,422$23,190$17,448$12,981$9,568$3,804
26 years$28,940$21,795$16,182$11,870$8,618$3,274
27 years$27,570$20,511$15,027$10,864$7,770$2,818
28 years$26,300$19,328$13,969$9,954$7,011$2,427
29 years$25,119$18,233$13,000$9,128$6,331$2,091
30 years$24,020$17,219$12,109$8,377$5,720$1,802
31 years$22,993$16,278$11,289$7,694$5,172$1,554
32 years$22,033$15,402$10,532$7,071$4,678$1,340
33 years$21,132$14,586$9,834$6,502$4,234$1,156
34 years$20,286$13,825$9,188$5,983$3,833$997
35 years$19,491$13,112$8,591$5,507$3,472$860
36 years$18,741$12,446$8,036$5,072$3,146$742
37 years$18,034$11,820$7,522$4,673$2,851$640
38 years$17,365$11,234$7,044$4,308$2,585$553
39 years$16,732$10,682$6,599$3,972$2,344$477
40 years$16,132$10,163$6,186$3,663$2,126$412
41 years$15,564$9,674$5,800$3,380$1,929$355
42 years$15,023$9,213$5,441$3,119$1,750$307
43 years$14,509$8,779$5,105$2,879$1,588$265
44 years$14,020$8,368$4,792$2,659$1,442$229
45 years$13,554$7,979$4,500$2,455$1,309$197
46 years$13,109$7,612$4,226$2,268$1,188$170
47 years$12,685$7,264$3,971$2,095$1,079$147
48 years$12,280$6,935$3,731$1,936$980$127
49 years$11,892$6,622$3,507$1,789$890$110
50 years$11,521$6,326$3,297$1,654$808$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $11,800,000, adding $5,364 every year, while hoping to spend $52,244 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: 35/45/20 Blend
72$11,800,000$11,800,000$11,800,000$11,800,000
73$13,009,133$12,383,733$12,200,833$13,384,919
74$14,280,477$12,934,949$12,553,974$14,212,412
75$15,679,748$13,511,423$12,917,194$15,099,425
76$17,219,938$14,114,338$13,290,775$16,055,418
77$18,915,364$14,744,933$13,675,009$17,086,558
78$20,781,802$15,404,506$14,070,192$18,199,603
79$22,836,634$16,094,415$14,476,632$19,401,962
80$25,099,015$16,816,086$14,894,644$20,701,761
81$27,590,049$17,571,009$15,324,549$22,107,912
82$30,332,993$18,360,747$15,766,680$23,630,191
83$33,353,474$19,186,939$16,221,379$25,279,325
84$36,679,729$20,051,299$16,688,996$27,067,088
85$40,342,873$20,955,626$17,169,890$29,006,405
86$44,377,196$21,901,801$17,664,431$31,111,466
87$48,820,480$22,891,799$18,172,999$33,397,853
88$53,714,357$23,927,686$18,695,983$35,882,682
89$59,104,708$25,011,628$19,233,784$38,584,753
90$65,042,085$26,145,895$19,786,813$41,524,721
91$71,582,199$27,332,866$20,355,493$44,725,284
92$78,786,439$28,575,031$20,940,257$48,211,385
93$86,722,450$29,875,002$21,541,550$52,010,440
94$95,464,778$31,235,516$22,159,831$56,152,589
95$105,095,568$32,659,438$22,795,567$60,670,964
96$115,705,340$34,149,775$23,449,243$65,601,997
97$127,393,844$35,709,673$24,121,352$70,985,752
98$140,271,003$37,342,434$24,812,404$76,866,287
99$154,457,946$39,051,513$25,522,920$83,292,063
100$170,088,155$40,840,536$26,253,436$90,316,386