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

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,155,675
2 years$609,123$597,778$586,784$576,124$565,784$533,306
3 years$402,048$390,655$379,688$369,128$358,957$327,490
4 years$298,531$287,173$276,316$265,936$256,011$225,797
5 years$236,437$225,147$214,432$204,264$194,615$165,737
6 years$195,055$183,849$173,293$163,352$153,993$126,477
7 years$165,507$154,396$144,007$134,301$125,237$99,086
8 years$143,357$132,346$122,130$112,661$103,896$79,095
9 years$126,138$115,231$105,190$95,963$87,496$64,022
10 years$112,371$101,571$91,707$82,721$74,551$52,374
11 years$101,114$90,422$80,738$71,992$64,116$43,202
12 years$91,740$81,158$71,653$63,146$55,562$35,870
13 years$83,815$73,343$64,017$55,749$48,451$29,941
14 years$77,027$66,667$57,519$49,488$42,472$25,099
15 years$71,150$60,902$51,932$44,134$37,395$21,114
16 years$66,013$55,876$47,084$39,517$33,050$17,814
17 years$61,484$51,460$42,845$35,506$29,305$15,066
18 years$57,464$47,551$39,112$31,998$26,056$12,767
19 years$53,870$44,070$35,805$28,913$23,225$10,838
20 years$50,640$40,952$32,860$26,186$20,745$9,213
21 years$47,722$38,145$30,225$23,766$18,564$7,841
22 years$45,072$35,607$27,857$21,609$16,640$6,680
23 years$42,657$33,303$25,721$19,679$14,937$5,696
24 years$40,446$31,202$23,787$17,949$13,426$4,860
25 years$38,415$29,282$22,032$16,392$12,081$4,150
26 years$36,543$27,520$20,434$14,988$10,882$3,545
27 years$34,813$25,900$18,974$13,719$9,811$3,030
28 years$33,209$24,405$17,639$12,569$8,853$2,590
29 years$31,718$23,023$16,415$11,526$7,994$2,215
30 years$30,330$21,743$15,290$10,578$7,223$1,895
31 years$29,034$20,555$14,254$9,715$6,530$1,622
32 years$27,821$19,449$13,299$8,929$5,907$1,388
33 years$26,684$18,418$12,418$8,211$5,346$1,188
34 years$25,616$17,456$11,602$7,554$4,840$1,017
35 years$24,611$16,557$10,847$6,954$4,384$871
36 years$23,665$15,715$10,147$6,405$3,972$746
37 years$22,771$14,926$9,498$5,901$3,600$639
38 years$21,927$14,185$8,894$5,439$3,264$547
39 years$21,128$13,488$8,333$5,015$2,960$469
40 years$20,371$12,833$7,811$4,626$2,685$401
41 years$19,652$12,216$7,324$4,268$2,435$344
42 years$18,970$11,634$6,870$3,939$2,210$295
43 years$18,321$11,085$6,447$3,636$2,006$252
44 years$17,703$10,566$6,051$3,357$1,821$216
45 years$17,115$10,076$5,682$3,100$1,653$185
46 years$16,553$9,612$5,337$2,864$1,501$159
47 years$16,018$9,173$5,014$2,646$1,363$136
48 years$15,506$8,757$4,711$2,445$1,237$117
49 years$15,016$8,362$4,428$2,260$1,124$100
50 years$14,548$7,988$4,163$2,089$1,021$86

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 $3,101 every year, while hoping to spend $46,436 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: 62/21/17 Blend
72$14,900,000$14,900,000$14,900,000$14,900,000
73$16,422,999$15,633,299$15,402,349$17,370,571
74$18,048,737$16,349,923$15,868,920$18,725,348
75$19,838,744$17,100,105$16,349,565$20,198,180
76$21,809,727$17,885,441$16,844,706$21,804,957
77$23,980,094$18,707,602$17,354,778$23,558,701
78$26,370,130$19,568,342$17,880,230$25,473,736
79$29,002,188$20,469,495$18,421,523$27,565,821
80$31,900,899$21,412,988$18,979,131$29,852,291
81$35,093,404$22,400,837$19,553,545$32,352,221
82$38,609,610$23,435,157$20,145,268$35,086,600
83$42,482,474$24,518,164$20,754,819$38,078,525
84$46,748,314$25,652,182$21,382,732$41,353,414
85$51,447,147$26,839,643$22,029,558$44,939,243
86$56,623,071$28,083,102$22,695,864$48,866,803
87$62,324,682$29,385,231$23,382,233$53,169,988
88$68,605,528$30,748,836$24,089,267$57,886,109
89$75,524,618$32,176,855$24,817,583$63,056,238
90$83,146,977$33,672,368$25,567,820$68,725,594
91$91,544,260$35,238,606$26,340,633$74,943,962
92$100,795,429$36,878,952$27,136,699$81,766,156
93$110,987,497$38,596,955$27,956,713$89,252,532
94$122,216,351$40,396,335$28,801,392$97,469,548
95$134,587,654$42,280,991$29,671,474$106,490,386
96$148,217,845$44,255,009$30,567,718$116,395,636
97$163,235,236$46,322,676$31,490,908$127,274,048
98$179,781,225$48,488,482$32,441,848$139,223,362
99$198,011,629$50,757,136$33,421,369$152,351,222
100$218,098,154$53,133,575$34,430,324$166,776,181