Can I retire at age 73 with 14,000,000?

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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,110,275
2 years$572,330$561,671$551,341$541,325$531,609$525,450
3 years$377,763$367,058$356,754$346,832$337,275$331,250
4 years$280,499$269,827$259,625$249,873$240,547$234,705
5 years$222,156$211,547$201,480$191,926$182,860$177,217
6 years$183,273$172,744$162,826$153,485$144,691$139,254
7 years$155,510$145,070$135,309$126,189$117,673$112,445
8 years$134,698$124,352$114,753$105,856$97,621$92,602
9 years$118,519$108,271$98,837$90,166$82,211$77,400
10 years$105,583$95,436$86,168$77,724$70,048$65,443
11 years$95,006$84,961$75,861$67,643$60,243$55,842
12 years$86,199$76,256$67,325$59,332$52,206$48,003
13 years$78,752$68,913$60,150$52,381$45,524$41,517
14 years$72,375$62,640$54,045$46,498$39,906$36,089
15 years$66,852$57,223$48,795$41,468$35,137$31,505
16 years$62,025$52,501$44,240$37,130$31,054$27,603
17 years$57,770$48,351$40,257$33,361$27,535$24,258
18 years$53,993$44,679$36,749$30,065$24,482$21,376
19 years$50,616$41,408$33,642$27,167$21,822$18,879
20 years$47,582$38,478$30,875$24,605$19,492$16,707
21 years$44,839$35,841$28,399$22,330$17,443$14,811
22 years$42,350$33,456$26,174$20,303$15,635$13,149
23 years$40,080$31,291$24,167$18,491$14,035$11,690
24 years$38,003$29,318$22,351$16,865$12,615$10,405
25 years$36,094$27,513$20,701$15,402$11,351$9,270
26 years$34,335$25,858$19,199$14,082$10,225$8,267
27 years$32,710$24,335$17,828$12,890$9,219$7,378
28 years$31,203$22,931$16,574$11,810$8,318$6,590
29 years$29,803$21,633$15,423$10,830$7,511$5,889
30 years$28,498$20,430$14,366$9,939$6,787$5,266
31 years$27,280$19,313$13,393$9,128$6,136$4,712
32 years$26,140$18,274$12,496$8,389$5,550$4,217
33 years$25,072$17,306$11,668$7,715$5,023$3,776
34 years$24,069$16,402$10,902$7,098$4,548$3,382
35 years$23,125$15,557$10,192$6,534$4,119$3,031
36 years$22,235$14,766$9,535$6,018$3,732$2,716
37 years$21,396$14,024$8,924$5,545$3,383$2,435
38 years$20,602$13,328$8,357$5,111$3,067$2,184
39 years$19,852$12,674$7,830$4,712$2,781$1,959
40 years$19,140$12,058$7,339$4,346$2,522$1,757
41 years$18,465$11,478$6,881$4,010$2,288$1,576
42 years$17,824$10,931$6,455$3,701$2,076$1,414
43 years$17,214$10,415$6,057$3,416$1,885$1,269
44 years$16,634$9,928$5,686$3,154$1,711$1,139
45 years$16,081$9,467$5,339$2,913$1,553$1,023
46 years$15,554$9,031$5,014$2,691$1,410$918
47 years$15,050$8,619$4,711$2,486$1,280$824
48 years$14,569$8,228$4,427$2,297$1,163$740
49 years$14,109$7,857$4,161$2,123$1,056$665
50 years$13,669$7,505$3,912$1,962$959$597

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $14,000,000, adding $4,761 every year, while hoping to spend $46,069 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: 35/43/22 Blend
72$14,000,000$14,000,000$14,000,000$14,000,000
73$15,432,911$14,690,911$14,473,911$15,869,721
74$16,958,051$15,361,749$14,909,770$16,863,122
75$18,637,211$16,063,913$15,358,686$17,929,669
76$20,486,053$16,798,891$15,821,048$19,079,523
77$22,521,833$17,568,240$16,297,257$20,320,135
78$24,763,569$18,373,593$16,787,724$21,659,669
79$27,232,214$19,216,660$17,292,873$23,107,076
80$29,950,858$20,099,234$17,813,142$24,672,168
81$32,944,943$21,023,194$18,348,981$26,365,711
82$36,242,507$21,990,510$18,900,851$28,199,510
83$39,874,443$23,003,246$19,469,230$30,186,522
84$43,874,796$24,063,564$20,054,609$32,340,964
85$48,281,079$25,173,733$20,657,492$34,678,444
86$53,134,632$26,336,128$21,278,401$37,216,096
87$58,481,006$27,553,241$21,917,869$39,972,735
88$64,370,400$28,827,681$22,576,449$42,969,026
89$70,858,128$30,162,185$23,254,708$46,227,666
90$78,005,147$31,559,621$23,953,229$49,773,593
91$85,878,625$33,022,995$24,672,616$53,634,207
92$94,552,581$34,555,459$25,413,485$57,839,620
93$104,108,583$36,160,315$26,176,475$62,422,926
94$114,636,514$37,841,026$26,962,243$67,420,506
95$126,235,422$39,601,220$27,771,462$72,872,352
96$139,014,458$41,444,702$28,604,828$78,822,438
97$153,093,901$43,375,461$29,463,058$85,319,118
98$168,606,295$45,397,675$30,346,887$92,415,567
99$185,697,704$47,515,728$31,257,075$100,170,271
100$204,529,084$49,734,212$32,194,401$108,647,561