Can I retire at age 73 with 14,100,000?

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 $14,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,099,406
2 years$576,418$565,683$555,279$545,191$535,407$510,402
3 years$380,462$369,680$359,302$349,309$339,684$315,403
4 years$282,503$271,754$261,480$251,658$242,265$218,896
5 years$223,742$213,058$202,919$193,297$184,166$161,773
6 years$184,582$173,978$163,989$154,581$145,725$124,331
7 years$156,621$146,107$136,275$127,090$118,513$98,123
8 years$135,660$125,240$115,572$106,613$98,318$78,925
9 years$119,365$109,044$99,543$90,810$82,798$64,387
10 years$106,337$96,117$86,783$78,279$70,548$53,100
11 years$95,685$85,567$76,403$68,126$60,674$44,165
12 years$86,815$76,801$67,805$59,756$52,579$36,984
13 years$79,315$69,405$60,580$52,756$45,849$31,141
14 years$72,892$63,088$54,431$46,831$40,191$26,339
15 years$67,330$57,632$49,144$41,765$35,388$22,360
16 years$62,468$52,876$44,556$37,396$31,276$19,040
17 years$58,183$48,697$40,544$33,600$27,731$16,255
18 years$54,378$44,998$37,012$30,280$24,657$13,908
19 years$50,978$41,704$33,883$27,361$21,978$11,921
20 years$47,921$38,753$31,096$24,780$19,631$10,234
21 years$45,160$36,097$28,602$22,490$17,567$8,797
22 years$42,652$33,695$26,361$20,448$15,747$7,571
23 years$40,366$31,514$24,340$18,623$14,135$6,522
24 years$38,274$29,527$22,510$16,985$12,705$5,622
25 years$36,352$27,710$20,849$15,512$11,433$4,851
26 years$34,581$26,043$19,336$14,183$10,298$4,187
27 years$32,943$24,509$17,956$12,982$9,285$3,617
28 years$31,426$23,095$16,692$11,894$8,378$3,125
29 years$30,015$21,787$15,533$10,907$7,565$2,701
30 years$28,702$20,576$14,469$10,010$6,835$2,336
31 years$27,475$19,451$13,489$9,194$6,180$2,020
32 years$26,327$18,405$12,585$8,449$5,590$1,748
33 years$25,251$17,429$11,751$7,770$5,059$1,513
34 years$24,241$16,519$10,979$7,149$4,580$1,309
35 years$23,290$15,668$10,265$6,581$4,149$1,133
36 years$22,394$14,871$9,603$6,061$3,759$981
37 years$21,549$14,124$8,988$5,584$3,407$850
38 years$20,750$13,423$8,417$5,147$3,089$736
39 years$19,993$12,764$7,886$4,746$2,801$637
40 years$19,277$12,144$7,391$4,377$2,540$552
41 years$18,597$11,560$6,931$4,039$2,305$478
42 years$17,951$11,009$6,501$3,727$2,091$414
43 years$17,337$10,490$6,100$3,441$1,898$359
44 years$16,753$9,999$5,726$3,177$1,723$311
45 years$16,196$9,535$5,377$2,934$1,564$269
46 years$15,665$9,096$5,050$2,710$1,420$233
47 years$15,158$8,680$4,744$2,504$1,289$202
48 years$14,673$8,286$4,458$2,314$1,171$175
49 years$14,210$7,913$4,191$2,138$1,064$152
50 years$13,767$7,559$3,940$1,976$966$131

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $14,100,000, adding $6,895 every year, while hoping to spend $24,102 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: 32/41/27 Blend
72$14,100,000$14,100,000$14,100,000$14,100,000
73$15,545,312$14,798,012$14,579,462$15,914,263
74$17,105,290$15,497,470$15,042,230$16,896,360
75$18,823,577$16,230,394$15,519,692$17,950,803
76$20,716,297$16,998,398$16,012,317$19,086,078
77$22,801,214$17,803,175$16,520,584$20,309,313
78$25,097,906$18,646,499$17,044,993$21,628,312
79$27,627,947$19,530,232$17,586,054$23,051,627
80$30,415,108$20,456,324$18,144,298$24,588,628
81$33,485,587$21,426,821$18,720,269$26,249,585
82$36,868,251$22,443,870$19,314,532$28,045,758
83$40,594,911$23,509,718$19,927,668$29,989,495
84$44,700,623$24,626,725$20,560,276$32,094,339
85$49,224,016$25,797,364$21,212,975$34,375,148
86$54,207,659$27,024,228$21,886,402$36,848,229
87$59,698,462$28,310,037$22,581,218$39,531,476
88$65,748,117$29,657,641$23,298,101$42,444,535
89$72,413,590$31,070,030$24,037,753$45,608,975
90$79,757,655$32,550,341$24,800,896$49,048,484
91$87,849,488$34,101,860$25,588,279$52,789,078
92$96,765,320$35,728,034$26,400,669$56,859,336
93$106,589,154$37,432,480$27,238,864$61,290,659
94$117,413,563$39,218,987$28,103,681$66,117,551
95$129,340,561$41,091,531$28,995,968$71,377,930
96$142,482,562$43,054,280$29,916,597$77,113,477
97$156,963,449$45,111,606$30,866,469$83,370,008
98$172,919,738$47,268,092$31,846,513$90,197,895
99$190,501,869$49,528,545$32,857,689$97,652,525
100$209,875,622$51,898,007$33,900,984$105,794,802