Can I retire at age 73 with 14,600,000?

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,136,080
2 years$596,859$585,743$574,970$564,524$554,393$526,206
3 years$393,953$382,789$372,043$361,696$351,729$324,383
4 years$292,520$281,391$270,752$260,582$250,856$224,560
5 years$231,677$220,614$210,115$200,152$190,697$165,524
6 years$191,127$180,148$169,804$160,063$150,892$126,868
7 years$162,175$151,288$141,108$131,597$122,716$99,843
8 years$140,471$129,682$119,671$110,393$101,804$80,074
9 years$123,598$112,911$103,072$94,030$85,734$65,128
10 years$110,108$99,526$89,861$81,055$73,050$53,545
11 years$99,078$88,602$79,112$70,542$62,825$44,394
12 years$89,893$79,524$70,210$61,875$54,443$37,054
13 years$82,127$71,867$62,728$54,626$47,475$31,096
14 years$75,476$65,325$56,361$48,491$41,617$26,211
15 years$69,718$59,675$50,887$43,246$36,643$22,174
16 years$64,684$54,751$46,136$38,722$32,385$18,815
17 years$60,246$50,424$41,982$34,791$28,715$16,005
18 years$56,307$46,594$38,324$31,354$25,532$13,644
19 years$52,786$43,183$35,084$28,331$22,757$11,651
20 years$49,621$40,127$32,198$25,659$20,327$9,965
21 years$46,761$37,377$29,616$23,287$18,190$8,533
22 years$44,165$34,890$27,296$21,173$16,305$7,315
23 years$41,798$32,632$25,203$19,283$14,636$6,277
24 years$39,631$30,574$23,309$17,587$13,155$5,390
25 years$37,641$28,692$21,588$16,062$11,838$4,631
26 years$35,807$26,966$20,022$14,686$10,663$3,982
27 years$34,112$25,378$18,592$13,442$9,614$3,425
28 years$32,540$23,914$17,284$12,316$8,675$2,948
29 years$31,080$22,560$16,084$11,294$7,833$2,538
30 years$29,719$21,305$14,982$10,365$7,078$2,185
31 years$28,449$20,141$13,967$9,520$6,399$1,882
32 years$27,261$19,057$13,032$8,749$5,788$1,622
33 years$26,146$18,047$12,168$8,045$5,238$1,398
34 years$25,100$17,105$11,369$7,402$4,743$1,205
35 years$24,116$16,224$10,629$6,814$4,296$1,038
36 years$23,188$15,399$9,943$6,276$3,892$895
37 years$22,313$14,625$9,307$5,782$3,528$772
38 years$21,485$13,899$8,715$5,330$3,198$666
39 years$20,702$13,217$8,165$4,914$2,900$574
40 years$19,961$12,575$7,653$4,533$2,630$495
41 years$19,257$11,970$7,176$4,182$2,386$427
42 years$18,588$11,400$6,732$3,859$2,165$368
43 years$17,952$10,862$6,317$3,563$1,965$318
44 years$17,347$10,353$5,929$3,290$1,784$274
45 years$16,770$9,873$5,567$3,038$1,619$236
46 years$16,220$9,418$5,229$2,806$1,470$204
47 years$15,695$8,988$4,913$2,593$1,335$176
48 years$15,193$8,580$4,617$2,396$1,213$152
49 years$14,714$8,194$4,339$2,214$1,101$131
50 years$14,255$7,827$4,080$2,046$1,000$113

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $14,600,000, adding $2,994 every year, while hoping to spend $26,905 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: 75/8/17 Blend
72$14,600,000$14,600,000$14,600,000$14,600,000
73$16,092,288$15,318,488$15,092,188$17,237,160
74$17,705,075$16,040,468$15,569,150$18,717,248
75$19,481,464$16,796,922$16,061,188$20,335,441
76$21,438,115$17,589,513$16,568,779$22,108,389
77$23,593,385$18,419,981$17,092,415$24,051,495
78$25,967,502$19,290,152$17,632,603$26,181,721
79$28,582,759$20,201,941$18,189,867$28,517,744
80$31,463,719$21,157,354$18,764,746$31,080,130
81$34,637,450$22,158,497$19,357,797$33,891,525
82$38,133,782$23,207,575$19,969,595$36,976,868
83$41,985,584$24,306,903$20,600,733$40,363,625
84$46,229,078$25,458,905$21,251,822$44,082,044
85$50,904,178$26,666,126$21,923,492$48,165,440
86$56,054,871$27,931,232$22,616,395$52,650,504
87$61,729,625$29,257,020$23,331,203$57,577,649
88$67,981,855$30,646,423$24,068,606$62,991,390
89$74,870,421$32,102,514$24,829,321$68,940,759
90$82,460,184$33,628,517$25,614,083$75,479,763
91$90,822,622$35,227,814$26,423,654$82,667,896
92$100,036,501$36,903,948$27,258,818$90,570,694
93$110,188,620$38,660,637$28,120,384$99,260,350
94$121,374,629$40,501,779$29,009,187$108,816,393
95$133,699,934$42,431,459$29,926,088$119,326,436
96$147,280,691$44,453,964$30,871,976$130,886,997
97$162,244,902$46,573,788$31,847,767$143,604,408
98$178,733,621$48,795,643$32,854,407$157,595,812
99$196,902,292$51,124,471$33,892,870$172,990,270
100$216,922,208$53,565,453$34,964,165$189,929,969