Can I retire at age 73 with 14,500,000?

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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,150,411
2 years$592,771$581,731$571,031$560,658$550,595$544,702
3 years$391,255$380,167$369,495$359,219$349,320$343,555
4 years$290,517$279,463$268,898$258,797$249,138$243,546
5 years$230,090$219,103$208,676$198,781$189,391$183,989
6 years$189,818$178,914$168,641$158,967$149,859$144,653
7 years$161,064$150,252$140,141$130,695$121,875$116,868
8 years$139,508$128,793$118,851$109,637$101,107$96,300
9 years$122,752$112,138$102,366$93,386$85,147$80,538
10 years$109,354$98,844$89,245$80,500$72,549$68,136
11 years$98,400$87,995$78,570$70,059$62,395$58,175
12 years$89,277$78,980$69,729$61,451$54,070$50,040
13 years$81,565$71,374$62,298$54,252$47,150$43,306
14 years$74,959$64,877$55,975$48,159$41,332$37,669
15 years$69,240$59,267$50,538$42,949$36,392$32,906
16 years$64,240$54,376$45,820$38,457$32,163$28,850
17 years$59,834$50,078$41,695$34,553$28,518$25,372
18 years$55,921$46,275$38,062$31,139$25,357$22,373
19 years$52,424$42,887$34,844$28,137$22,601$19,774
20 years$49,281$39,852$31,978$25,483$20,188$17,511
21 years$46,441$37,121$29,413$23,128$18,066$15,535
22 years$43,862$34,651$27,109$21,028$16,193$13,803
23 years$41,511$32,408$25,030$19,151$14,536$12,280
24 years$39,360$30,365$23,149$17,467$13,065$10,938
25 years$37,383$28,496$21,441$15,952$11,757$9,753
26 years$35,562$26,781$19,885$14,585$10,590$8,704
27 years$33,878$25,204$18,465$13,350$9,548$7,775
28 years$32,317$23,750$17,166$12,232$8,615$6,949
29 years$30,867$22,405$15,974$11,217$7,779$6,216
30 years$29,516$21,160$14,879$10,294$7,029$5,563
31 years$28,254$20,003$13,871$9,454$6,355$4,981
32 years$27,074$18,927$12,942$8,689$5,749$4,462
33 years$25,967$17,924$12,084$7,990$5,202$3,998
34 years$24,928$16,988$11,291$7,352$4,710$3,584
35 years$23,951$16,113$10,556$6,768$4,266$3,214
36 years$23,029$15,293$9,875$6,233$3,865$2,883
37 years$22,160$14,525$9,243$5,743$3,503$2,587
38 years$21,338$13,804$8,656$5,293$3,176$2,322
39 years$20,561$13,126$8,109$4,881$2,880$2,084
40 years$19,824$12,489$7,601$4,502$2,612$1,871
41 years$19,125$11,888$7,127$4,153$2,370$1,680
42 years$18,461$11,322$6,686$3,833$2,151$1,509
43 years$17,829$10,787$6,273$3,538$1,952$1,356
44 years$17,228$10,282$5,889$3,267$1,772$1,218
45 years$16,655$9,805$5,529$3,017$1,608$1,094
46 years$16,109$9,354$5,193$2,787$1,460$983
47 years$15,588$8,926$4,879$2,575$1,326$883
48 years$15,089$8,521$4,585$2,379$1,204$794
49 years$14,613$8,138$4,310$2,199$1,094$713
50 years$14,157$7,773$4,052$2,032$993$641

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $14,500,000, adding $2,734 every year, while hoping to spend $43,982 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: 42/47/11 Blend
72$14,500,000$14,500,000$14,500,000$14,500,000
73$15,981,820$15,213,320$14,988,570$16,601,428
74$17,565,169$15,911,976$15,443,891$17,733,938
75$19,308,546$16,643,393$15,912,990$18,954,885
76$21,228,226$17,409,128$16,396,285$20,275,969
77$23,342,146$18,210,815$16,894,201$21,706,347
78$25,670,068$19,050,168$17,407,179$23,256,058
79$28,233,768$19,928,980$17,935,673$24,936,120
80$31,057,245$20,849,133$18,480,151$26,758,620
81$34,166,941$21,812,597$19,041,093$28,736,822
82$37,591,995$22,821,440$19,618,995$30,885,290
83$41,364,514$23,877,826$20,214,367$33,220,010
84$45,519,882$24,984,027$20,827,736$35,758,537
85$50,097,088$26,142,422$21,459,643$38,520,152
86$55,139,094$27,355,505$22,110,645$41,526,034
87$60,693,247$28,625,890$22,781,317$44,799,450
88$66,811,718$29,956,318$23,472,250$48,365,966
89$73,551,997$31,349,661$24,184,054$52,253,676
90$80,977,436$32,808,930$24,917,356$56,493,460
91$89,157,850$34,337,283$25,672,802$61,119,257
92$98,170,168$35,938,028$26,451,059$66,168,384
93$108,099,167$37,614,632$27,252,811$71,681,864
94$119,038,266$39,370,734$28,078,764$77,704,811
95$131,090,413$41,210,143$28,929,646$84,286,833
96$144,369,051$43,136,856$29,806,205$91,482,494
97$158,999,193$45,155,061$30,709,212$99,351,806
98$175,118,602$47,269,150$31,639,462$107,960,787
99$192,879,088$49,483,727$32,597,772$117,382,064
100$212,447,942$51,803,617$33,584,985$127,695,542