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%15.1%
1 years$974,433$965,753$957,285$949,019$940,949$921,197
2 years$482,393$473,408$464,701$456,259$448,071$428,265
3 years$318,401$309,378$300,693$292,330$284,274$265,032
4 years$236,421$227,425$218,827$210,607$202,747$184,216
5 years$187,245$178,304$169,819$161,766$154,125$136,358
6 years$154,473$145,599$137,239$129,366$121,954$104,969
7 years$131,073$122,274$114,046$106,359$99,181$82,983
8 years$113,531$104,811$96,720$89,222$82,280$66,864
9 years$99,894$91,257$83,305$75,997$69,292$54,646
10 years$88,992$80,438$72,627$65,510$59,040$45,150
11 years$80,077$71,610$63,940$57,014$50,777$37,624
12 years$72,653$64,273$56,745$50,009$44,002$31,568
13 years$66,377$58,084$50,698$44,150$38,370$26,634
14 years$61,001$52,797$45,552$39,192$33,635$22,573
15 years$56,347$48,231$41,128$34,952$29,615$19,203
16 years$52,278$44,251$37,288$31,296$26,174$16,387
17 years$48,692$40,753$33,931$28,119$23,208$14,020
18 years$45,508$37,658$30,974$25,341$20,635$12,022
19 years$42,662$34,901$28,356$22,898$18,393$10,328
20 years$40,104$32,432$26,023$20,738$16,429$8,886
21 years$37,793$30,209$23,936$18,821$14,702$7,656
22 years$35,695$28,199$22,061$17,113$13,178$6,604
23 years$33,782$26,374$20,370$15,585$11,829$5,702
24 years$32,031$24,711$18,838$14,214$10,633$4,928
25 years$30,422$23,190$17,448$12,981$9,568$4,261
26 years$28,940$21,795$16,182$11,870$8,618$3,688
27 years$27,570$20,511$15,027$10,864$7,770$3,193
28 years$26,300$19,328$13,969$9,954$7,011$2,765
29 years$25,119$18,233$13,000$9,128$6,331$2,396
30 years$24,020$17,219$12,109$8,377$5,720$2,077
31 years$22,993$16,278$11,289$7,694$5,172$1,801
32 years$22,033$15,402$10,532$7,071$4,678$1,562
33 years$21,132$14,586$9,834$6,502$4,234$1,355
34 years$20,286$13,825$9,188$5,983$3,833$1,176
35 years$19,491$13,112$8,591$5,507$3,472$1,021
36 years$18,741$12,446$8,036$5,072$3,146$886
37 years$18,034$11,820$7,522$4,673$2,851$769
38 years$17,365$11,234$7,044$4,308$2,585$668
39 years$16,732$10,682$6,599$3,972$2,344$580
40 years$16,132$10,163$6,186$3,663$2,126$503
41 years$15,564$9,674$5,800$3,380$1,929$437
42 years$15,023$9,213$5,441$3,119$1,750$380
43 years$14,509$8,779$5,105$2,879$1,588$330
44 years$14,020$8,368$4,792$2,659$1,442$286
45 years$13,554$7,979$4,500$2,455$1,309$249
46 years$13,109$7,612$4,226$2,268$1,188$216
47 years$12,685$7,264$3,971$2,095$1,079$188
48 years$12,280$6,935$3,731$1,936$980$163
49 years$11,892$6,622$3,507$1,789$890$142
50 years$11,521$6,326$3,297$1,654$808$123

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 $2,428 every year, while hoping to spend $23,954 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: 35/42/23 Blend
72$11,800,000$11,800,000$11,800,000$11,800,000
73$13,006,104$12,380,704$12,197,804$13,370,464
74$14,307,240$12,961,872$12,580,944$14,221,228
75$15,740,289$13,570,714$12,976,116$15,136,185
76$17,318,681$14,208,561$13,383,698$16,122,930
77$19,057,214$14,876,809$13,804,080$17,187,880
78$20,972,197$15,576,919$14,237,663$18,338,065
79$23,081,599$16,310,426$14,684,863$19,581,190
80$25,405,222$17,078,938$15,146,106$20,925,702
81$27,964,888$17,884,139$15,621,834$22,380,866
82$30,784,643$18,727,798$16,112,502$23,956,842
83$33,890,984$19,611,767$16,618,578$25,664,779
84$37,313,110$20,537,989$17,140,546$27,516,911
85$41,083,198$21,508,501$17,678,905$29,526,663
86$45,236,706$22,525,440$18,234,170$31,708,775
87$49,812,706$23,591,043$18,806,871$34,079,431
88$54,854,258$24,707,660$19,397,557$36,656,402
89$60,408,808$25,877,751$20,006,791$39,459,208
90$66,528,644$27,103,898$20,635,156$42,509,292
91$73,271,385$28,388,808$21,283,253$45,830,213
92$80,700,525$29,735,318$21,951,700$49,447,858
93$88,886,034$31,146,405$22,641,138$53,390,678
94$97,905,018$32,625,187$23,352,225$57,689,943
95$107,842,445$34,174,937$24,085,640$62,380,030
96$118,791,950$35,799,084$24,842,084$67,498,730
97$130,856,716$37,501,227$25,622,282$73,087,599
98$144,150,450$39,285,136$26,426,977$79,192,331
99$158,798,455$41,154,767$27,256,940$85,863,183
100$174,938,814$43,114,266$28,112,963$93,155,428