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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.5%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,135,142
2 years$605,035$593,767$582,846$572,257$561,987$517,149
3 years$399,350$388,033$377,140$366,651$356,548$313,313
4 years$296,528$285,245$274,461$264,151$254,293$212,992
5 years$234,850$223,636$212,993$202,894$193,309$154,048
6 years$193,746$182,615$172,130$162,256$152,959$115,764
7 years$164,396$153,360$143,041$133,399$124,397$89,256
8 years$142,395$131,458$121,310$111,905$103,199$70,080
9 years$125,291$114,458$104,484$95,319$86,909$55,764
10 years$111,617$100,889$91,092$82,165$74,050$44,822
11 years$100,435$89,816$80,196$71,509$63,686$36,308
12 years$91,125$80,614$71,172$62,723$55,189$29,591
13 years$83,252$72,851$63,587$55,375$48,126$24,234
14 years$76,510$66,220$57,133$49,155$42,187$19,923
15 years$70,673$60,493$51,584$43,838$37,144$16,431
16 years$65,570$55,501$46,768$39,252$32,828$13,585
17 years$61,072$51,114$42,557$35,268$29,108$11,256
18 years$57,078$47,232$38,849$31,783$25,881$9,341
19 years$53,509$43,774$35,565$28,719$23,069$7,764
20 years$50,301$40,677$32,639$26,011$20,605$6,460
21 years$47,402$37,889$30,022$23,606$18,439$5,380
22 years$44,770$35,368$27,670$21,463$16,528$4,484
23 years$42,370$33,079$25,548$19,547$14,837$3,740
24 years$40,174$30,993$23,628$17,828$13,336$3,121
25 years$38,157$29,085$21,884$16,282$12,000$2,606
26 years$36,298$27,336$20,296$14,887$10,809$2,177
27 years$34,579$25,726$18,847$13,627$9,745$1,818
28 years$32,986$24,241$17,521$12,485$8,793$1,520
29 years$31,506$22,869$16,305$11,449$7,940$1,270
30 years$30,126$21,597$15,187$10,507$7,175$1,062
31 years$28,839$20,417$14,158$9,650$6,486$888
32 years$27,634$19,318$13,210$8,869$5,867$743
33 years$26,505$18,295$12,334$8,155$5,310$621
34 years$25,444$17,339$11,524$7,504$4,808$520
35 years$24,446$16,446$10,775$6,908$4,354$435
36 years$23,506$15,610$10,079$6,362$3,945$364
37 years$22,618$14,826$9,434$5,861$3,576$304
38 years$21,780$14,090$8,835$5,403$3,242$254
39 years$20,986$13,398$8,277$4,982$2,940$213
40 years$20,234$12,747$7,758$4,595$2,666$178
41 years$19,520$12,134$7,275$4,239$2,419$149
42 years$18,843$11,556$6,824$3,912$2,195$125
43 years$18,198$11,010$6,403$3,612$1,992$104
44 years$17,585$10,495$6,011$3,335$1,808$87
45 years$17,000$10,008$5,644$3,080$1,642$73
46 years$16,442$9,547$5,301$2,845$1,491$61
47 years$15,910$9,111$4,980$2,628$1,353$51
48 years$15,402$8,698$4,680$2,429$1,229$43
49 years$14,915$8,306$4,399$2,244$1,116$36
50 years$14,450$7,934$4,135$2,075$1,014$30

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 $3,233 every year, while hoping to spend $50,105 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: 30/45/25 Blend
72$14,800,000$14,800,000$14,800,000$14,800,000
73$16,312,935$15,528,535$15,299,135$16,676,012
74$17,923,543$16,236,122$15,758,345$17,664,600
75$19,696,754$16,976,701$16,231,258$18,722,706
76$21,649,100$17,751,837$16,718,283$19,859,995
77$23,798,798$18,563,167$17,219,836$21,083,371
78$26,165,923$19,412,409$17,736,347$22,400,394
79$28,772,593$20,301,364$18,268,261$23,819,339
80$31,643,183$21,231,916$18,816,033$25,349,273
81$34,804,550$22,206,042$19,380,133$27,000,130
82$38,286,290$23,225,814$19,961,043$28,782,797
83$42,121,016$24,293,403$20,559,262$30,709,209
84$46,344,663$25,411,083$21,175,301$32,792,452
85$50,996,832$26,581,240$21,809,687$35,046,881
86$56,121,161$27,806,373$22,462,964$37,488,243
87$61,765,735$29,089,100$23,135,688$40,133,814
88$67,983,542$30,432,168$23,828,436$43,002,558
89$74,832,973$31,838,454$24,541,798$46,115,291
90$82,378,372$33,310,974$25,276,384$49,494,865
91$90,690,643$34,852,889$26,032,821$53,166,375
92$99,847,921$36,467,513$26,811,752$57,157,384
93$109,936,306$38,158,319$27,613,843$61,498,169
94$121,050,680$39,928,947$28,439,777$66,221,991
95$133,295,597$41,783,213$29,290,258$71,365,400
96$146,786,274$43,725,117$30,166,008$76,968,562
97$161,649,679$45,758,852$31,067,773$83,075,625
98$178,025,723$47,888,813$31,996,321$89,735,116
99$196,068,589$50,119,607$32,952,440$97,000,387
100$215,948,181$52,456,063$33,936,942$104,930,097