Can I retire at age 73 with 13,400,000?

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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,029,394
2 years$547,802$537,599$527,712$518,125$508,826$469,829
3 years$361,573$351,327$341,464$331,968$322,820$285,192
4 years$268,478$258,263$248,499$239,164$230,238$194,266
5 years$212,635$202,481$192,845$183,701$175,023$140,801
6 years$175,418$165,341$155,848$146,907$138,490$106,042
7 years$148,845$138,853$129,510$120,780$112,629$81,948
8 years$128,925$119,023$109,835$101,320$93,437$64,495
9 years$113,439$103,631$94,601$86,302$78,687$51,446
10 years$101,058$91,345$82,475$74,393$67,046$41,456
11 years$90,935$81,319$72,610$64,744$57,661$33,669
12 years$82,505$72,988$64,439$56,789$49,968$27,514
13 years$75,377$65,960$57,572$50,137$43,573$22,595
14 years$69,273$59,956$51,729$44,506$38,196$18,628
15 years$63,987$54,771$46,704$39,691$33,631$15,406
16 years$59,367$50,251$42,344$35,539$29,723$12,775
17 years$55,295$46,279$38,532$31,932$26,354$10,616
18 years$51,679$42,764$35,174$28,777$23,433$8,837
19 years$48,447$39,633$32,200$26,002$20,887$7,367
20 years$45,542$36,829$29,552$23,550$18,656$6,148
21 years$42,918$34,305$27,182$21,373$16,695$5,137
22 years$40,535$32,022$25,053$19,433$14,965$4,295
23 years$38,362$29,950$23,132$17,698$13,433$3,593
24 years$36,374$28,061$21,393$16,142$12,074$3,008
25 years$34,547$26,334$19,814$14,742$10,865$2,520
26 years$32,864$24,750$18,376$13,479$9,787$2,111
27 years$31,308$23,292$17,064$12,338$8,824$1,770
28 years$29,866$21,948$15,863$11,304$7,962$1,484
29 years$28,525$20,706$14,762$10,366$7,189$1,244
30 years$27,277$19,554$13,750$9,513$6,496$1,044
31 years$26,111$18,485$12,819$8,737$5,873$876
32 years$25,020$17,491$11,960$8,030$5,312$735
33 years$23,997$16,564$11,168$7,384$4,808$616
34 years$23,037$15,699$10,434$6,794$4,353$517
35 years$22,134$14,890$9,755$6,254$3,943$434
36 years$21,282$14,133$9,126$5,760$3,572$364
37 years$20,479$13,423$8,542$5,307$3,238$306
38 years$19,720$12,757$7,999$4,892$2,935$257
39 years$19,001$12,130$7,494$4,510$2,662$216
40 years$18,320$11,541$7,024$4,160$2,414$181
41 years$17,674$10,986$6,586$3,838$2,190$152
42 years$17,060$10,463$6,178$3,542$1,987$128
43 years$16,477$9,969$5,798$3,270$1,804$107
44 years$15,921$9,502$5,442$3,019$1,637$90
45 years$15,392$9,061$5,110$2,788$1,486$75
46 years$14,887$8,644$4,799$2,576$1,350$63
47 years$14,405$8,249$4,509$2,380$1,225$53
48 years$13,945$7,875$4,237$2,199$1,113$45
49 years$13,504$7,520$3,983$2,032$1,011$37
50 years$13,083$7,184$3,744$1,878$918$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $13,400,000, adding $3,893 every year, while hoping to spend $32,083 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: 56/34/10 Blend
72$13,400,000$13,400,000$13,400,000$13,400,000
73$14,770,816$14,060,616$13,852,916$15,561,614
74$16,243,303$14,715,450$14,282,852$16,751,245
75$17,864,908$15,401,295$14,726,116$18,042,478
76$19,650,808$16,119,638$15,183,121$19,448,114
77$21,617,726$16,872,036$15,654,291$20,979,072
78$23,784,090$17,660,121$16,140,065$22,647,353
79$26,170,205$18,485,605$16,640,895$24,466,144
80$28,798,448$19,350,282$17,157,247$26,449,943
81$31,693,477$20,256,033$17,689,602$28,614,687
82$34,882,462$21,204,830$18,238,455$30,977,898
83$38,395,347$22,198,739$18,804,316$33,558,845
84$42,265,123$23,239,929$19,387,712$36,378,716
85$46,528,151$24,330,671$19,989,186$39,460,815
86$51,224,495$25,473,346$20,609,296$42,830,775
87$56,398,307$26,670,453$21,248,620$46,516,792
88$62,098,237$27,924,608$21,907,752$50,549,886
89$68,377,901$29,238,558$22,587,306$54,964,185
90$75,296,378$30,615,178$23,287,911$59,797,240
91$82,918,774$32,057,487$24,010,222$65,090,374
92$91,316,832$33,568,647$24,754,907$70,889,058
93$100,569,613$35,151,975$25,522,661$77,243,336
94$110,764,239$36,810,947$26,314,195$84,208,287
95$121,996,717$38,549,210$27,130,247$91,844,536
96$134,372,846$40,370,585$27,971,574$100,218,815
97$148,009,213$42,279,080$28,838,959$109,404,582
98$163,034,295$44,278,897$29,733,206$119,482,705
99$179,589,671$46,374,442$30,655,147$130,542,213
100$197,831,361$48,570,333$31,605,638$142,681,124