Can I retire at age 73 with 11,900,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$982,691$973,938$965,398$957,062$948,923$942,153
2 years$486,481$477,420$468,640$460,126$451,868$445,041
3 years$321,099$311,999$303,241$294,807$286,684$280,012
4 years$238,424$229,353$220,682$212,392$204,465$198,000
5 years$188,832$179,815$171,258$163,137$155,431$149,191
6 years$155,782$146,833$138,402$130,462$122,987$116,980
7 years$132,184$123,310$115,013$107,260$100,022$94,251
8 years$114,493$105,699$97,540$89,978$82,978$77,443
9 years$100,741$92,030$84,011$76,641$69,879$64,579
10 years$89,746$81,120$73,243$66,065$59,541$54,472
11 years$80,756$72,217$64,482$57,497$51,207$46,366
12 years$73,269$64,818$57,226$50,432$44,375$39,758
13 years$66,939$58,576$51,128$44,524$38,696$34,298
14 years$61,518$53,244$45,938$39,524$33,920$29,736
15 years$56,825$48,640$41,476$35,248$29,866$25,890
16 years$52,721$44,626$37,604$31,561$26,396$22,622
17 years$49,105$41,099$34,218$28,357$23,404$19,826
18 years$45,894$37,977$31,237$25,556$20,810$17,421
19 years$43,024$35,197$28,596$23,092$18,548$15,342
20 years$40,444$32,707$26,244$20,914$16,568$13,538
21 years$38,113$30,465$24,139$18,981$14,826$11,966
22 years$35,997$28,438$22,248$17,258$13,290$10,592
23 years$34,068$26,597$20,542$15,717$11,930$9,388
24 years$32,302$24,920$18,998$14,335$10,723$8,330
25 years$30,680$23,386$17,596$13,091$9,649$7,399
26 years$29,185$21,979$16,319$11,970$8,691$6,578
27 years$27,803$20,685$15,154$10,957$7,836$5,852
28 years$26,523$19,491$14,088$10,039$7,070$5,210
29 years$25,332$18,388$13,110$9,206$6,384$4,642
30 years$24,223$17,365$12,211$8,448$5,769$4,137
31 years$23,188$16,416$11,384$7,759$5,215$3,689
32 years$22,219$15,533$10,622$7,131$4,718$3,291
33 years$21,311$14,710$9,917$6,557$4,270$2,937
34 years$20,458$13,942$9,266$6,033$3,866$2,622
35 years$19,656$13,223$8,663$5,554$3,501$2,342
36 years$18,900$12,551$8,104$5,115$3,172$2,092
37 years$18,186$11,921$7,586$4,713$2,875$1,869
38 years$17,512$11,329$7,104$4,344$2,607$1,670
39 years$16,874$10,773$6,655$4,005$2,364$1,493
40 years$16,269$10,249$6,238$3,694$2,144$1,335
41 years$15,695$9,756$5,849$3,409$1,945$1,193
42 years$15,150$9,292$5,487$3,146$1,765$1,067
43 years$14,632$8,853$5,149$2,904$1,602$954
44 years$14,139$8,439$4,833$2,681$1,454$854
45 years$13,669$8,047$4,538$2,476$1,320$764
46 years$13,221$7,677$4,262$2,287$1,198$683
47 years$12,793$7,326$4,004$2,113$1,088$611
48 years$12,384$6,994$3,763$1,953$988$547
49 years$11,993$6,678$3,537$1,805$898$489
50 years$11,619$6,379$3,325$1,668$815$438

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $11,900,000, adding $3,829 every year, while hoping to spend $22,429 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: 25/45/30 Blend
72$11,900,000$11,900,000$11,900,000$11,900,000
73$13,117,750$12,487,050$12,302,600$13,322,645
74$14,431,896$13,075,051$12,690,872$14,084,245
75$15,879,333$13,691,112$13,091,401$14,898,052
76$17,473,634$14,336,585$13,504,571$15,770,126
77$19,229,753$15,012,887$13,930,783$16,705,378
78$21,164,172$15,721,502$14,370,448$17,709,178
79$23,295,050$16,463,988$14,823,991$18,787,395
80$25,642,400$17,241,979$15,291,849$19,946,451
81$28,228,274$18,057,185$15,774,476$21,193,368
82$31,076,974$18,911,402$16,272,336$22,535,833
83$34,215,277$19,806,513$16,785,911$23,982,262
84$37,672,693$20,744,491$17,315,698$25,541,870
85$41,481,741$21,727,404$17,862,207$27,224,751
86$45,678,255$22,757,423$18,425,967$29,041,966
87$50,301,722$23,836,821$19,007,522$31,005,635
88$55,395,658$24,967,986$19,607,434$33,129,048
89$61,008,015$26,153,417$20,226,282$35,426,776
90$67,191,635$27,395,737$20,864,666$37,914,800
91$74,004,749$28,697,696$21,523,200$40,610,653
92$81,511,528$30,062,178$22,202,522$43,533,571
93$89,782,685$31,492,205$22,903,287$46,704,667
94$98,896,144$32,990,949$23,626,172$50,147,116
95$108,937,779$34,561,733$24,371,877$53,886,361
96$120,002,218$36,208,044$25,141,121$57,950,342
97$132,193,743$37,933,536$25,934,647$62,369,744
98$145,627,269$39,742,044$26,753,222$67,178,275
99$160,429,433$41,637,587$27,597,637$72,412,964
100$176,739,785$43,624,378$28,468,708$78,114,500