Can I retire at age 73 with 17,000,000?

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 $17,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,323,370
2 years$694,972$682,029$669,485$657,323$645,526$613,239
3 years$458,713$445,714$433,201$421,153$409,548$378,218
4 years$340,606$327,647$315,260$303,417$292,093$261,960
5 years$269,760$256,879$244,654$233,053$222,044$193,193
6 years$222,546$209,761$197,717$186,375$175,696$148,156
7 years$188,834$176,157$164,304$153,229$142,888$116,662
8 years$163,562$150,999$139,343$128,540$118,539$93,618
9 years$143,916$131,472$120,016$109,487$99,827$76,190
10 years$128,208$115,886$104,632$94,379$85,058$62,678
11 years$115,365$103,166$92,117$82,138$73,153$52,000
12 years$104,670$92,597$81,751$72,046$63,393$43,431
13 years$95,628$83,680$73,039$63,606$55,280$36,471
14 years$87,883$76,063$65,626$56,462$48,458$30,763
15 years$81,178$69,485$59,252$50,355$42,666$26,043
16 years$75,316$63,751$53,720$45,087$37,708$22,114
17 years$70,150$58,712$48,883$40,510$33,435$18,825
18 years$65,562$54,253$44,624$36,508$29,729$16,059
19 years$61,463$50,281$40,851$32,988$26,498$13,724
20 years$57,778$46,724$37,491$29,877$23,668$11,746
21 years$54,448$43,521$34,485$27,115$21,180$10,067
22 years$51,425$40,625$31,783$24,654$18,985$8,636
23 years$48,669$37,996$29,346$22,453$17,042$7,416
24 years$46,146$35,600$27,140$20,478$15,318$6,373
25 years$43,829$33,409$25,137$18,702$13,784$5,481
26 years$41,693$31,399$23,313$17,100$12,416$4,716
27 years$39,719$29,550$21,649$15,652$11,194$4,060
28 years$37,889$27,845$20,125$14,341$10,101$3,497
29 years$36,189$26,268$18,728$13,151$9,121$3,013
30 years$34,605$24,808$17,445$12,069$8,241$2,597
31 years$33,126$23,452$16,263$11,085$7,451$2,239
32 years$31,742$22,190$15,174$10,187$6,740$1,930
33 years$30,445$21,014$14,168$9,368$6,099$1,665
34 years$29,226$19,917$13,238$8,619$5,522$1,436
35 years$28,080$18,891$12,376$7,934$5,002$1,239
36 years$27,000$17,930$11,578$7,307$4,532$1,069
37 years$25,981$17,029$10,836$6,733$4,107$923
38 years$25,017$16,184$10,148$6,206$3,724$796
39 years$24,106$15,389$9,507$5,722$3,377$687
40 years$23,242$14,642$8,911$5,278$3,063$593
41 years$22,422$13,938$8,356$4,869$2,779$512
42 years$21,643$13,274$7,838$4,494$2,521$442
43 years$20,903$12,647$7,355$4,148$2,288$382
44 years$20,198$12,055$6,904$3,830$2,077$329
45 years$19,527$11,496$6,483$3,537$1,886$284
46 years$18,886$10,967$6,089$3,268$1,712$246
47 years$18,275$10,465$5,720$3,019$1,555$212
48 years$17,691$9,991$5,375$2,790$1,412$183
49 years$17,132$9,541$5,053$2,578$1,282$158
50 years$16,598$9,114$4,750$2,383$1,165$137

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $17,000,000, adding $5,221 every year, while hoping to spend $59,032 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: 72/14/14 Blend
72$17,000,000$17,000,000$17,000,000$17,000,000
73$18,739,385$17,838,385$17,574,885$20,030,776
74$20,587,993$18,649,657$18,100,835$21,698,574
75$22,623,180$19,498,702$18,642,424$23,516,594
76$24,863,916$20,387,309$19,200,117$25,505,850
77$27,331,101$21,317,353$19,774,387$27,683,270
78$30,047,768$22,290,798$20,365,723$30,067,488
79$33,039,295$23,309,702$20,974,630$32,679,014
80$36,333,648$24,376,222$21,601,624$35,540,430
81$39,961,641$25,492,618$22,247,240$38,676,596
82$43,957,231$26,661,259$22,912,025$42,114,881
83$48,357,836$27,884,628$23,596,545$45,885,419
84$53,204,687$29,165,327$24,301,381$50,021,393
85$58,543,219$30,506,082$25,027,131$54,559,339
86$64,423,499$31,909,751$25,774,411$59,539,491
87$70,900,696$33,379,329$26,543,854$65,006,156
88$78,035,606$34,917,955$27,336,113$71,008,125
89$85,895,223$36,528,920$28,151,858$77,599,136
90$94,553,371$38,215,672$28,991,780$84,838,369
91$104,091,400$39,981,825$29,856,590$92,791,005
92$114,598,955$41,831,167$30,747,018$101,528,835
93$126,174,824$43,767,670$31,663,819$111,130,933
94$138,927,865$45,795,494$32,607,765$121,684,395
95$152,978,037$47,919,003$33,579,655$133,285,157
96$168,457,531$50,142,769$34,580,308$146,038,897
97$185,512,020$52,471,586$35,610,569$160,062,021
98$204,302,029$54,910,476$36,671,306$175,482,763
99$225,004,454$57,464,708$37,763,413$192,442,380
100$247,814,230$60,139,801$38,887,810$211,096,487