Can I retire at age 73 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,146,447
2 years$609,123$597,778$586,784$576,124$565,784$524,210
3 years$402,048$390,655$379,688$369,128$358,957$318,814
4 years$298,531$287,173$276,316$265,936$256,011$217,607
5 years$236,437$225,147$214,432$204,264$194,615$158,052
6 years$195,055$183,849$173,293$163,352$153,993$119,297
7 years$165,507$154,396$144,007$134,301$125,237$92,402
8 years$143,357$132,346$122,130$112,661$103,896$72,896
9 years$126,138$115,231$105,190$95,963$87,496$58,289
10 years$112,371$101,571$91,707$82,721$74,551$47,089
11 years$101,114$90,422$80,738$71,992$64,116$38,344
12 years$91,740$81,158$71,653$63,146$55,562$31,418
13 years$83,815$73,343$64,017$55,749$48,451$25,871
14 years$77,027$66,667$57,519$49,488$42,472$21,389
15 years$71,150$60,902$51,932$44,134$37,395$17,740
16 years$66,013$55,876$47,084$39,517$33,050$14,753
17 years$61,484$51,460$42,845$35,506$29,305$12,296
18 years$57,464$47,551$39,112$31,998$26,056$10,266
19 years$53,870$44,070$35,805$28,913$23,225$8,584
20 years$50,640$40,952$32,860$26,186$20,745$7,186
21 years$47,722$38,145$30,225$23,766$18,564$6,022
22 years$45,072$35,607$27,857$21,609$16,640$5,051
23 years$42,657$33,303$25,721$19,679$14,937$4,240
24 years$40,446$31,202$23,787$17,949$13,426$3,561
25 years$38,415$29,282$22,032$16,392$12,081$2,992
26 years$36,543$27,520$20,434$14,988$10,882$2,515
27 years$34,813$25,900$18,974$13,719$9,811$2,115
28 years$33,209$24,405$17,639$12,569$8,853$1,779
29 years$31,718$23,023$16,415$11,526$7,994$1,497
30 years$30,330$21,743$15,290$10,578$7,223$1,260
31 years$29,034$20,555$14,254$9,715$6,530$1,060
32 years$27,821$19,449$13,299$8,929$5,907$892
33 years$26,684$18,418$12,418$8,211$5,346$751
34 years$25,616$17,456$11,602$7,554$4,840$633
35 years$24,611$16,557$10,847$6,954$4,384$533
36 years$23,665$15,715$10,147$6,405$3,972$449
37 years$22,771$14,926$9,498$5,901$3,600$378
38 years$21,927$14,185$8,894$5,439$3,264$318
39 years$21,128$13,488$8,333$5,015$2,960$268
40 years$20,371$12,833$7,811$4,626$2,685$226
41 years$19,652$12,216$7,324$4,268$2,435$190
42 years$18,970$11,634$6,870$3,939$2,210$160
43 years$18,321$11,085$6,447$3,636$2,006$135
44 years$17,703$10,566$6,051$3,357$1,821$114
45 years$17,115$10,076$5,682$3,100$1,653$96
46 years$16,553$9,612$5,337$2,864$1,501$81
47 years$16,018$9,173$5,014$2,646$1,363$68
48 years$15,506$8,757$4,711$2,445$1,237$57
49 years$15,016$8,362$4,428$2,260$1,124$48
50 years$14,548$7,988$4,163$2,089$1,021$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $14,900,000, adding $3,278 every year, while hoping to spend $29,612 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: 33/46/21 Blend
72$14,900,000$14,900,000$14,900,000$14,900,000
73$16,423,181$15,633,481$15,402,531$16,858,909
74$18,066,839$16,368,015$15,887,009$17,918,438
75$19,877,157$17,137,548$16,386,725$19,056,627
76$21,871,104$17,943,765$16,902,157$20,282,709
77$24,067,377$18,788,430$17,433,800$21,604,443
78$26,486,581$19,673,395$17,982,164$23,030,325
79$29,151,421$20,600,599$18,547,774$24,569,662
80$32,086,915$21,572,078$19,131,174$26,232,652
81$35,320,634$22,589,964$19,732,922$28,030,473
82$38,882,959$23,656,492$20,353,595$29,975,377
83$42,807,370$24,774,009$20,993,789$32,080,799
84$47,130,758$25,944,972$21,654,118$34,361,477
85$51,893,778$27,171,959$22,335,214$36,833,574
86$57,141,231$28,457,672$23,037,731$39,514,830
87$62,922,484$29,804,946$23,762,342$42,424,711
88$69,291,939$31,216,750$24,509,743$45,584,585
89$76,309,547$32,696,201$25,280,649$49,017,913
90$84,041,371$34,246,564$26,075,801$52,750,456
91$92,560,210$35,871,265$26,895,959$56,810,506
92$101,946,289$37,573,895$27,741,912$61,229,143
93$112,288,014$39,358,219$28,614,470$66,040,507
94$123,682,806$41,228,187$29,514,469$71,282,116
95$136,238,021$43,187,937$30,442,772$76,995,194
96$150,071,965$45,241,811$31,400,271$83,225,054
97$165,315,007$47,394,361$32,387,881$90,021,500
98$182,110,814$49,650,362$33,406,552$97,439,289
99$200,617,705$52,014,817$34,457,259$105,538,621
100$221,010,143$54,492,975$35,541,009$114,385,694