Can I retire at age 73 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,165,909
2 years$605,035$593,767$582,846$572,257$561,987$547,632
3 years$399,350$388,033$377,140$366,651$356,548$342,548
4 years$296,528$285,245$274,461$264,151$254,293$240,755
5 years$234,850$223,636$212,993$202,894$193,309$180,274
6 years$193,746$182,615$172,130$162,256$152,959$140,442
7 years$164,396$153,360$143,041$133,399$124,397$112,402
8 years$142,395$131,458$121,310$111,905$103,199$91,726
9 years$125,291$114,458$104,484$95,319$86,909$75,953
10 years$111,617$100,889$91,092$82,165$74,050$63,605
11 years$100,435$89,816$80,196$71,509$63,686$53,740
12 years$91,125$80,614$71,172$62,723$55,189$45,733
13 years$83,252$72,851$63,587$55,375$48,126$39,147
14 years$76,510$66,220$57,133$49,155$42,187$33,673
15 years$70,673$60,493$51,584$43,838$37,144$29,081
16 years$65,570$55,501$46,768$39,252$32,828$25,202
17 years$61,072$51,114$42,557$35,268$29,108$21,903
18 years$57,078$47,232$38,849$31,783$25,881$19,083
19 years$53,509$43,774$35,565$28,719$23,069$16,661
20 years$50,301$40,677$32,639$26,011$20,605$14,573
21 years$47,402$37,889$30,022$23,606$18,439$12,766
22 years$44,770$35,368$27,670$21,463$16,528$11,199
23 years$42,370$33,079$25,548$19,547$14,837$9,836
24 years$40,174$30,993$23,628$17,828$13,336$8,647
25 years$38,157$29,085$21,884$16,282$12,000$7,609
26 years$36,298$27,336$20,296$14,887$10,809$6,701
27 years$34,579$25,726$18,847$13,627$9,745$5,905
28 years$32,986$24,241$17,521$12,485$8,793$5,207
29 years$31,506$22,869$16,305$11,449$7,940$4,594
30 years$30,126$21,597$15,187$10,507$7,175$4,055
31 years$28,839$20,417$14,158$9,650$6,486$3,581
32 years$27,634$19,318$13,210$8,869$5,867$3,163
33 years$26,505$18,295$12,334$8,155$5,310$2,795
34 years$25,444$17,339$11,524$7,504$4,808$2,470
35 years$24,446$16,446$10,775$6,908$4,354$2,184
36 years$23,506$15,610$10,079$6,362$3,945$1,931
37 years$22,618$14,826$9,434$5,861$3,576$1,708
38 years$21,780$14,090$8,835$5,403$3,242$1,511
39 years$20,986$13,398$8,277$4,982$2,940$1,337
40 years$20,234$12,747$7,758$4,595$2,666$1,183
41 years$19,520$12,134$7,275$4,239$2,419$1,047
42 years$18,843$11,556$6,824$3,912$2,195$926
43 years$18,198$11,010$6,403$3,612$1,992$820
44 years$17,585$10,495$6,011$3,335$1,808$726
45 years$17,000$10,008$5,644$3,080$1,642$643
46 years$16,442$9,547$5,301$2,845$1,491$569
47 years$15,910$9,111$4,980$2,628$1,353$504
48 years$15,402$8,698$4,680$2,429$1,229$446
49 years$14,915$8,306$4,399$2,244$1,116$395
50 years$14,450$7,934$4,135$2,075$1,014$350

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $14,800,000, adding $2,617 every year, while hoping to spend $52,757 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: 37/48/15 Blend
72$14,800,000$14,800,000$14,800,000$14,800,000
73$16,312,299$15,527,899$15,298,499$16,841,256
74$17,920,021$16,232,633$15,754,866$17,926,284
75$19,689,962$16,970,131$16,224,753$19,092,266
76$21,638,613$17,741,943$16,708,557$20,350,554
77$23,784,145$18,549,691$17,206,687$21,709,438
78$26,146,581$19,395,079$17,719,564$23,178,005
79$28,747,983$20,279,889$18,247,621$24,766,215
80$31,612,664$21,205,990$18,791,302$26,484,991
81$34,767,412$22,175,340$19,351,068$28,346,314
82$38,241,748$23,189,992$19,927,388$30,363,327
83$42,068,200$24,252,095$20,520,749$32,550,450
84$46,282,612$25,363,903$21,131,650$34,923,513
85$50,924,483$26,527,780$21,760,606$37,499,888
86$56,037,338$27,746,199$22,408,144$40,298,651
87$61,669,139$29,021,755$23,074,809$43,340,750
88$67,872,738$30,357,167$23,761,161$46,649,189
89$74,706,373$31,755,285$24,467,777$50,249,240
90$82,234,225$33,219,095$25,195,248$54,168,666
91$90,527,012$34,751,727$25,944,186$58,437,975
92$99,662,668$36,356,463$26,715,217$63,090,691
93$109,727,071$38,036,740$27,508,987$68,163,664
94$120,814,856$39,796,164$28,326,162$73,697,396
95$133,030,307$41,638,511$29,167,424$79,736,417
96$146,488,342$43,567,742$30,033,477$86,329,687
97$161,315,599$45,588,008$30,925,044$93,531,044
98$177,651,627$47,703,657$31,842,870$101,399,694
99$195,650,209$49,919,252$32,787,722$110,000,754
100$215,480,806$52,239,571$33,760,386$119,405,850