Can I retire at age 73 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,102,477
2 years$584,594$573,707$563,155$552,924$543,001$505,260
3 years$385,858$374,924$364,399$354,264$344,502$308,030
4 years$286,510$275,609$265,189$255,227$245,702$210,777
5 years$226,916$216,081$205,797$196,039$186,779$153,495
6 years$187,200$176,446$166,315$156,774$147,792$116,176
7 years$158,843$148,179$138,208$128,893$120,194$90,243
8 years$137,584$127,017$117,212$108,125$99,713$71,403
9 years$121,058$110,591$100,954$92,098$83,972$57,270
10 years$107,846$97,481$88,014$79,390$71,549$46,412
11 years$97,042$86,781$77,486$69,093$61,534$37,916
12 years$88,046$77,890$68,767$60,604$53,324$31,170
13 years$80,440$70,390$61,439$53,504$46,500$25,755
14 years$73,925$63,982$55,203$47,495$40,761$21,367
15 years$68,285$58,449$49,841$42,357$35,890$17,785
16 years$63,354$53,626$45,188$37,926$31,719$14,844
17 years$59,008$49,388$41,120$34,076$28,125$12,417
18 years$55,150$45,636$37,537$30,710$25,007$10,406
19 years$51,701$42,295$34,363$27,749$22,289$8,734
20 years$48,601$39,303$31,537$25,132$19,909$7,340
21 years$45,800$36,609$29,008$22,809$17,817$6,175
22 years$43,257$34,173$26,735$20,738$15,970$5,200
23 years$40,939$31,961$24,685$18,887$14,336$4,381
24 years$38,817$29,946$22,830$17,226$12,885$3,694
25 years$36,868$28,103$21,145$15,732$11,595$3,117
26 years$35,071$26,412$19,611$14,384$10,444$2,631
27 years$33,411$24,857$18,210$13,166$9,416$2,221
28 years$31,872$23,422$16,929$12,063$8,496$1,876
29 years$30,441$22,096$15,754$11,062$7,672$1,585
30 years$29,109$20,868$14,674$10,152$6,932$1,339
31 years$27,864$19,727$13,680$9,324$6,267$1,132
32 years$26,700$18,666$12,764$8,569$5,669$957
33 years$25,609$17,677$11,918$7,880$5,131$809
34 years$24,584$16,753$11,135$7,250$4,645$684
35 years$23,620$15,890$10,411$6,674$4,207$578
36 years$22,712$15,082$9,739$6,147$3,812$489
37 years$21,854$14,325$9,115$5,663$3,455$414
38 years$21,044$13,614$8,536$5,220$3,132$350
39 years$20,277$12,945$7,997$4,813$2,840$296
40 years$19,550$12,316$7,496$4,440$2,576$250
41 years$18,861$11,724$7,029$4,096$2,337$212
42 years$18,206$11,165$6,593$3,780$2,121$179
43 years$17,583$10,638$6,187$3,490$1,925$151
44 years$16,990$10,141$5,808$3,222$1,747$128
45 years$16,426$9,670$5,453$2,976$1,586$108
46 years$15,887$9,225$5,122$2,749$1,440$92
47 years$15,373$8,803$4,812$2,539$1,308$78
48 years$14,881$8,404$4,522$2,346$1,188$66
49 years$14,411$8,025$4,250$2,169$1,079$56
50 years$13,962$7,666$3,996$2,004$980$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $14,300,000, adding $4,834 every year, while hoping to spend $56,447 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: 50/26/24 Blend
72$14,300,000$14,300,000$14,300,000$14,300,000
73$15,763,586$15,005,686$14,784,036$16,445,061
74$17,311,413$15,680,906$15,219,242$17,594,691
75$19,015,226$16,387,319$15,667,136$18,837,390
76$20,890,877$17,126,395$16,128,082$20,186,922
77$22,955,831$17,899,673$16,602,458$21,653,425
78$25,229,333$18,708,765$17,090,648$23,248,036
79$27,732,592$19,555,361$17,593,052$24,983,002
80$30,488,974$20,441,231$18,110,076$26,871,782
81$33,524,228$21,368,230$18,642,142$28,929,174
82$36,866,727$22,338,301$19,189,682$31,171,448
83$40,547,736$23,353,482$19,753,140$33,616,499
84$44,601,707$24,415,904$20,332,972$36,284,004
85$49,066,604$25,527,806$20,929,649$39,195,607
86$53,984,259$26,691,530$21,543,654$42,375,118
87$59,400,770$27,909,532$22,175,483$45,848,729
88$65,366,934$29,184,384$22,825,647$49,645,258
89$71,938,726$30,518,784$23,494,671$53,796,414
90$79,177,829$31,915,557$24,183,095$58,337,088
91$87,152,212$33,377,664$24,891,473$63,305,678
92$95,936,777$34,908,209$25,620,377$68,744,442
93$105,614,062$36,510,444$26,370,393$74,699,890
94$116,275,019$38,187,779$27,142,124$81,223,219
95$128,019,876$39,943,785$27,936,190$88,370,781
96$140,959,080$41,782,207$28,753,229$96,204,612
97$155,214,340$43,706,969$29,593,896$104,793,008
98$170,919,775$45,722,183$30,458,864$114,211,156
99$188,223,182$47,832,160$31,348,826$124,541,841
100$207,287,429$50,041,419$32,264,494$135,876,211