Can I retire at age 73 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,091,718
2 years$580,506$569,695$559,217$549,058$539,204$498,729
3 years$383,160$372,302$361,850$351,787$342,093$303,026
4 years$284,506$273,681$263,334$253,443$243,984$206,622
5 years$225,329$214,569$204,358$194,668$185,472$149,915
6 years$185,891$175,212$165,152$155,678$146,758$113,031
7 years$157,732$147,143$137,242$127,991$119,354$87,449
8 years$136,622$126,129$116,392$107,369$99,015$68,906
9 years$120,212$109,818$100,248$91,454$83,385$55,032
10 years$107,092$96,799$87,399$78,834$71,048$44,402
11 years$96,364$86,174$76,945$68,610$61,104$36,109
12 years$87,430$77,345$68,286$60,180$52,951$29,547
13 years$79,877$69,898$61,009$53,130$46,175$24,297
14 years$73,408$63,535$54,817$47,163$40,476$20,059
15 years$67,807$58,040$49,493$42,061$35,639$16,614
16 years$62,911$53,251$44,872$37,661$31,498$13,797
17 years$58,596$49,042$40,832$33,838$27,928$11,481
18 years$54,764$45,317$37,274$30,495$24,832$9,572
19 years$51,339$41,999$34,123$27,555$22,133$7,991
20 years$48,261$39,028$31,316$24,956$19,770$6,680
21 years$45,480$36,353$28,805$22,649$17,692$5,589
22 years$42,955$33,934$26,548$20,593$15,858$4,681
23 years$40,653$31,738$24,513$18,755$14,235$3,923
24 years$38,545$29,736$22,670$17,105$12,795$3,289
25 years$36,610$27,906$20,997$15,622$11,514$2,759
26 years$34,826$26,227$19,474$14,284$10,371$2,316
27 years$33,177$24,683$18,083$13,074$9,350$1,944
28 years$31,649$23,259$16,810$11,979$8,437$1,633
29 years$30,228$21,942$15,644$10,985$7,618$1,371
30 years$28,905$20,722$14,571$10,081$6,884$1,152
31 years$27,670$19,589$13,584$9,259$6,224$968
32 years$26,514$18,535$12,675$8,509$5,630$814
33 years$25,430$17,553$11,834$7,825$5,095$684
34 years$24,412$16,636$11,057$7,200$4,613$575
35 years$23,455$15,779$10,338$6,628$4,178$483
36 years$22,553$14,977$9,671$6,104$3,785$406
37 years$21,701$14,225$9,052$5,624$3,431$342
38 years$20,897$13,518$8,476$5,184$3,110$287
39 years$20,135$12,855$7,942$4,780$2,821$242
40 years$19,414$12,230$7,444$4,408$2,558$203
41 years$18,729$11,642$6,980$4,067$2,321$171
42 years$18,079$11,087$6,547$3,754$2,106$144
43 years$17,460$10,564$6,144$3,465$1,911$121
44 years$16,872$10,070$5,767$3,199$1,735$102
45 years$16,311$9,602$5,415$2,955$1,575$85
46 years$15,776$9,160$5,086$2,729$1,430$72
47 years$15,265$8,742$4,778$2,522$1,299$60
48 years$14,777$8,345$4,490$2,330$1,179$51
49 years$14,311$7,969$4,220$2,153$1,071$43
50 years$13,864$7,612$3,968$1,990$973$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $14,200,000, adding $3,134 every year, while hoping to spend $25,863 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: 33/43/24 Blend
72$14,200,000$14,200,000$14,200,000$14,200,000
73$15,651,633$14,899,033$14,678,933$16,053,139
74$17,220,581$15,601,567$15,143,159$17,057,672
75$18,948,696$16,337,659$15,622,070$18,136,991
76$20,852,184$17,108,926$16,116,130$19,299,711
77$22,948,905$17,917,062$16,625,819$20,553,212
78$25,258,541$18,763,845$17,151,632$21,905,575
79$27,802,778$19,651,140$17,694,077$23,365,654
80$30,605,515$20,580,899$18,253,683$24,943,152
81$33,693,088$21,555,173$18,830,991$26,648,705
82$37,094,515$22,576,109$19,426,562$28,493,975
83$40,841,778$23,645,961$20,040,974$30,491,751
84$44,970,115$24,767,089$20,674,822$32,656,061
85$49,518,361$25,941,970$21,328,723$35,002,297
86$54,529,308$27,173,201$22,003,310$37,547,351
87$60,050,115$28,463,505$22,699,238$40,309,762
88$66,132,746$29,815,737$23,417,182$43,309,883
89$72,834,468$31,232,889$24,157,839$46,570,063
90$80,218,385$32,718,102$24,921,928$50,114,845
91$88,354,038$34,274,667$25,710,190$53,971,186
92$97,318,059$35,906,035$26,523,391$58,168,701
93$107,194,895$37,615,825$27,362,319$62,739,929
94$118,077,606$39,407,832$28,227,788$67,720,625
95$130,068,742$41,286,035$29,120,639$73,150,087
96$143,281,311$43,254,608$30,041,737$79,071,507
97$157,839,847$45,317,926$30,991,978$85,532,371
98$173,881,584$47,480,578$31,972,282$92,584,882
99$191,557,754$49,747,375$32,983,602$100,286,445
100$211,035,012$52,123,362$34,026,919$108,700,183