Can I retire at age 73 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,316,245
2 years$699,060$686,041$673,423$661,189$649,323$602,125
3 years$461,411$448,335$435,749$423,630$411,957$366,377
4 years$342,609$329,574$317,114$305,202$293,811$250,198
5 years$271,347$258,390$246,093$234,424$223,351$181,819
6 years$223,855$210,995$198,880$187,471$176,730$137,311
7 years$189,945$177,193$165,270$154,130$143,729$106,416
8 years$164,524$151,887$140,162$129,296$119,237$84,001
9 years$144,762$132,245$120,722$110,132$100,415$67,210
10 years$128,962$116,568$105,248$94,934$85,558$54,331
11 years$116,044$103,773$92,659$82,621$73,583$44,269
12 years$105,286$93,141$82,232$72,470$63,765$36,297
13 years$96,190$84,173$73,469$63,980$55,605$29,909
14 years$88,400$76,511$66,012$56,794$48,743$24,745
15 years$81,655$69,894$59,600$50,651$42,917$20,538
16 years$75,759$64,126$54,036$45,352$37,930$17,092
17 years$70,563$59,058$49,171$40,749$33,631$14,256
18 years$65,948$54,572$44,887$36,723$29,904$11,911
19 years$61,824$50,577$41,092$33,182$26,654$9,967
20 years$58,117$46,998$37,712$30,053$23,808$8,351
21 years$54,768$43,777$34,688$27,275$21,305$7,004
22 years$51,727$40,864$31,970$24,799$19,097$5,879
23 years$48,955$38,220$29,519$22,585$17,143$4,938
24 years$46,417$35,809$27,300$20,599$15,408$4,151
25 years$44,086$33,605$25,285$18,812$13,865$3,490
26 years$41,938$31,584$23,451$17,201$12,489$2,936
27 years$39,953$29,724$21,776$15,744$11,260$2,471
28 years$38,112$28,009$20,244$14,425$10,160$2,080
29 years$36,402$26,423$18,838$13,228$9,174$1,752
30 years$34,808$24,954$17,547$12,140$8,290$1,475
31 years$33,320$23,589$16,359$11,150$7,495$1,243
32 years$31,928$22,320$15,263$10,247$6,779$1,047
33 years$30,624$21,138$14,251$9,423$6,135$882
34 years$29,398$20,034$13,315$8,670$5,555$744
35 years$28,245$19,002$12,449$7,981$5,031$627
36 years$27,159$18,035$11,646$7,350$4,559$528
37 years$26,133$17,130$10,900$6,772$4,132$445
38 years$25,164$16,279$10,208$6,242$3,746$375
39 years$24,247$15,480$9,563$5,756$3,397$316
40 years$23,378$14,728$8,964$5,309$3,081$267
41 years$22,554$14,020$8,405$4,898$2,795$225
42 years$21,771$13,352$7,884$4,520$2,536$190
43 years$21,026$12,722$7,398$4,173$2,302$160
44 years$20,317$12,126$6,945$3,853$2,089$135
45 years$19,642$11,564$6,521$3,558$1,897$114
46 years$18,998$11,031$6,125$3,287$1,722$96
47 years$18,383$10,527$5,754$3,037$1,564$81
48 years$17,795$10,049$5,407$2,806$1,420$68
49 years$17,233$9,597$5,082$2,593$1,290$57
50 years$16,696$9,167$4,778$2,397$1,172$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $17,100,000, adding $3,469 every year, while hoping to spend $47,376 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: 49/23/28 Blend
72$17,100,000$17,100,000$17,100,000$17,100,000
73$18,847,778$17,941,478$17,676,428$19,621,116
74$20,719,844$18,770,203$18,218,181$20,992,526
75$22,781,273$19,637,947$18,776,494$22,476,694
76$25,051,329$20,546,573$19,351,874$24,088,322
77$27,551,242$21,498,033$19,944,839$25,839,495
78$30,304,403$22,494,371$20,555,925$27,743,492
79$33,336,589$23,537,732$21,185,686$29,814,911
80$36,676,203$24,630,363$21,834,689$32,069,795
81$40,354,546$25,774,621$22,503,521$34,525,783
82$44,406,107$26,972,975$23,192,786$37,202,271
83$48,868,893$28,228,013$23,903,107$40,120,585
84$53,784,783$29,542,449$24,635,124$43,304,181
85$59,199,929$30,919,127$25,389,499$46,778,856
86$65,165,186$32,361,029$26,166,912$50,572,989
87$71,736,596$33,871,280$26,968,064$54,717,797
88$78,975,913$35,453,157$27,793,679$59,247,628
89$86,951,190$37,110,095$28,644,500$64,200,271
90$95,737,416$38,845,695$29,521,296$69,617,311
91$105,417,229$40,663,731$30,424,856$75,544,511
92$116,081,693$42,568,160$31,355,995$82,032,233
93$127,831,158$44,563,132$32,315,553$89,135,908
94$140,776,205$46,652,995$33,304,393$96,916,549
95$155,038,695$48,842,308$34,323,407$105,441,315
96$170,752,913$51,135,853$35,373,513$114,784,136
97$188,066,840$53,538,640$36,455,655$125,026,403
98$207,143,548$56,055,922$37,570,809$136,257,721
99$228,162,736$58,693,210$38,719,979$148,576,743
100$251,322,435$61,456,276$39,904,197$162,092,095