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%18.2%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,141,025
2 years$605,035$593,767$582,846$572,257$561,987$522,926
3 years$399,350$388,033$377,140$366,651$356,548$318,800
4 years$296,528$285,245$274,461$264,151$254,293$218,147
5 years$234,850$223,636$212,993$202,894$193,309$158,862
6 years$193,746$182,615$172,130$162,256$152,959$120,238
7 years$164,396$153,360$143,041$133,399$124,397$93,398
8 years$142,395$131,458$121,310$111,905$103,199$73,899
9 years$125,291$114,458$104,484$95,319$86,909$59,273
10 years$111,617$100,889$91,092$82,165$74,050$48,035
11 years$100,435$89,816$80,196$71,509$63,686$39,241
12 years$91,125$80,614$71,172$62,723$55,189$32,260
13 years$83,252$72,851$63,587$55,375$48,126$26,655
14 years$76,510$66,220$57,133$49,155$42,187$22,114
15 years$70,673$60,493$51,584$43,838$37,144$18,407
16 years$65,570$55,501$46,768$39,252$32,828$15,363
17 years$61,072$51,114$42,557$35,268$29,108$12,851
18 years$57,078$47,232$38,849$31,783$25,881$10,770
19 years$53,509$43,774$35,565$28,719$23,069$9,039
20 years$50,301$40,677$32,639$26,011$20,605$7,597
21 years$47,402$37,889$30,022$23,606$18,439$6,391
22 years$44,770$35,368$27,670$21,463$16,528$5,381
23 years$42,370$33,079$25,548$19,547$14,837$4,535
24 years$40,174$30,993$23,628$17,828$13,336$3,824
25 years$38,157$29,085$21,884$16,282$12,000$3,226
26 years$36,298$27,336$20,296$14,887$10,809$2,723
27 years$34,579$25,726$18,847$13,627$9,745$2,299
28 years$32,986$24,241$17,521$12,485$8,793$1,941
29 years$31,506$22,869$16,305$11,449$7,940$1,640
30 years$30,126$21,597$15,187$10,507$7,175$1,386
31 years$28,839$20,417$14,158$9,650$6,486$1,171
32 years$27,634$19,318$13,210$8,869$5,867$990
33 years$26,505$18,295$12,334$8,155$5,310$837
34 years$25,444$17,339$11,524$7,504$4,808$708
35 years$24,446$16,446$10,775$6,908$4,354$598
36 years$23,506$15,610$10,079$6,362$3,945$506
37 years$22,618$14,826$9,434$5,861$3,576$428
38 years$21,780$14,090$8,835$5,403$3,242$362
39 years$20,986$13,398$8,277$4,982$2,940$306
40 years$20,234$12,747$7,758$4,595$2,666$259
41 years$19,520$12,134$7,275$4,239$2,419$219
42 years$18,843$11,556$6,824$3,912$2,195$185
43 years$18,198$11,010$6,403$3,612$1,992$157
44 years$17,585$10,495$6,011$3,335$1,808$133
45 years$17,000$10,008$5,644$3,080$1,642$112
46 years$16,442$9,547$5,301$2,845$1,491$95
47 years$15,910$9,111$4,980$2,628$1,353$80
48 years$15,402$8,698$4,680$2,429$1,229$68
49 years$14,915$8,306$4,399$2,244$1,116$57
50 years$14,450$7,934$4,135$2,075$1,014$49

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 $3,750 every year, while hoping to spend $45,204 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: 27/50/23 Blend
72$14,800,000$14,800,000$14,800,000$14,800,000
73$16,313,468$15,529,068$15,299,668$16,635,482
74$17,929,345$16,241,896$15,764,110$17,603,653
75$19,708,527$16,988,137$16,242,596$18,638,263
76$21,667,622$17,769,381$16,735,549$19,748,206
77$23,824,933$18,587,294$17,243,403$20,939,903
78$26,200,627$19,443,622$17,766,608$22,220,379
79$28,816,926$20,340,195$18,305,625$23,597,315
80$31,698,319$21,278,931$18,860,929$25,079,116
81$34,871,789$22,261,840$19,433,012$26,674,982
82$38,367,070$23,291,030$20,022,377$28,394,985
83$42,216,929$24,368,708$20,629,544$30,250,157
84$46,457,470$25,497,189$21,255,048$32,252,581
85$51,128,481$26,678,900$21,899,441$34,415,499
86$56,273,803$27,916,383$22,563,290$36,753,426
87$61,941,751$29,212,305$23,247,179$39,282,274
88$68,185,561$30,569,460$23,951,712$42,019,492
89$75,063,902$31,990,777$24,677,508$44,984,219
90$82,641,421$33,479,326$25,425,205$48,197,453
91$90,989,358$35,038,325$26,195,461$51,682,236
92$100,186,218$36,671,149$26,988,955$55,463,856
93$110,318,509$38,381,333$27,806,382$59,570,074
94$121,481,564$40,172,584$28,648,463$64,031,371
95$133,780,433$42,048,790$29,515,936$68,881,218
96$147,330,880$44,014,025$30,409,563$74,156,376
97$162,260,476$46,072,558$31,330,130$79,897,231
98$178,709,799$48,228,867$32,278,443$86,148,151
99$196,833,764$50,487,647$33,255,336$92,957,888
100$216,803,083$52,853,817$34,261,665$100,380,021