Can I retire at age 73 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,363,480
2 years$703,148$690,053$677,361$665,056$653,120$644,976
3 years$464,109$450,957$438,298$426,108$414,366$406,403
4 years$344,613$331,501$318,968$306,987$295,529$287,808
5 years$272,934$259,901$247,533$235,795$224,657$217,200
6 years$225,164$212,229$200,043$188,567$177,763$170,580
7 years$191,055$178,229$166,237$155,032$144,569$137,664
8 years$165,486$152,776$140,982$130,052$119,934$113,307
9 years$145,609$133,019$121,428$110,776$101,002$94,651
10 years$129,717$117,249$105,863$95,490$86,059$79,981
11 years$116,722$104,380$93,200$83,105$74,013$68,205
12 years$105,901$93,686$82,713$72,894$64,138$58,594
13 years$96,753$84,665$73,899$64,354$55,930$50,644
14 years$88,917$76,958$66,398$57,127$49,028$43,995
15 years$82,133$70,302$59,949$50,947$43,168$38,381
16 years$76,202$64,501$54,352$45,617$38,152$33,604
17 years$70,975$59,403$49,458$40,987$33,828$29,512
18 years$66,334$54,891$45,149$36,937$30,078$25,987
19 years$62,186$50,873$41,332$33,376$26,810$22,936
20 years$58,457$47,273$37,932$30,229$23,947$20,282
21 years$55,088$44,033$34,890$27,434$21,430$17,967
22 years$52,030$41,103$32,157$24,944$19,209$15,940
23 years$49,241$38,443$29,691$22,717$17,243$14,160
24 years$46,689$36,019$27,459$20,719$15,498$12,593
25 years$44,344$33,802$25,433$18,922$13,946$11,212
26 years$42,184$31,768$23,588$17,301$12,562$9,991
27 years$40,186$29,898$21,903$15,836$11,326$8,910
28 years$38,335$28,172$20,362$14,509$10,219$7,951
29 years$36,615$26,577$18,949$13,305$9,228$7,100
30 years$35,012$25,100$17,650$12,211$8,338$6,344
31 years$33,515$23,727$16,454$11,215$7,538$5,671
32 years$32,115$22,451$15,352$10,307$6,819$5,072
33 years$30,803$21,261$14,334$9,478$6,171$4,538
34 years$29,570$20,151$13,393$8,721$5,587$4,061
35 years$28,410$19,113$12,522$8,028$5,061$3,636
36 years$27,318$18,141$11,714$7,393$4,585$3,256
37 years$26,286$17,230$10,964$6,812$4,156$2,917
38 years$25,312$16,374$10,267$6,279$3,768$2,613
39 years$24,389$15,570$9,619$5,789$3,417$2,342
40 years$23,515$14,814$9,016$5,340$3,099$2,099
41 years$22,686$14,102$8,454$4,927$2,811$1,881
42 years$21,898$13,430$7,930$4,547$2,551$1,687
43 years$21,149$12,796$7,442$4,197$2,315$1,513
44 years$20,436$12,197$6,985$3,875$2,102$1,356
45 years$19,757$11,631$6,559$3,579$1,908$1,216
46 years$19,109$11,096$6,160$3,306$1,732$1,091
47 years$18,490$10,589$5,788$3,054$1,573$979
48 years$17,899$10,108$5,439$2,822$1,428$878
49 years$17,334$9,653$5,112$2,608$1,297$788
50 years$16,793$9,221$4,806$2,411$1,178$707

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $17,200,000, adding $4,813 every year, while hoping to spend $58,522 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: 39/47/14 Blend
72$17,200,000$17,200,000$17,200,000$17,200,000
73$18,959,365$18,047,765$17,781,165$19,618,867
74$20,830,953$18,869,838$18,314,567$20,910,261
75$22,891,482$19,730,232$18,863,876$22,299,647
76$25,160,161$20,630,762$19,429,565$23,800,654
77$27,658,159$21,573,330$20,012,117$25,423,389
78$30,408,800$22,559,933$20,612,031$27,178,931
79$33,437,786$23,592,658$21,229,823$29,079,431
80$36,773,439$24,673,696$21,866,020$31,138,218
81$40,446,965$25,805,342$22,521,167$33,369,914
82$44,492,753$26,990,002$23,195,824$35,790,567
83$48,948,699$28,230,197$23,890,569$38,417,789
84$53,856,558$29,528,569$24,605,995$41,270,914
85$59,262,344$30,887,886$25,342,713$44,371,173
86$65,216,761$32,311,050$26,101,352$47,741,880
87$71,775,684$33,801,104$26,882,560$51,408,639
88$79,000,680$35,361,236$27,687,003$55,399,583
89$86,959,599$36,994,785$28,515,366$59,745,617
90$95,727,204$38,705,256$29,368,357$64,480,701
91$105,385,883$40,496,318$30,246,702$69,642,161
92$116,026,425$42,371,818$31,151,147$75,271,019
93$127,748,873$44,335,791$32,082,464$81,412,374
94$140,663,476$46,392,462$33,041,444$88,115,806
95$154,891,721$48,546,264$34,028,903$95,435,832
96$170,567,485$50,801,839$35,045,680$103,432,399
97$187,838,297$53,164,057$36,092,638$112,171,439
98$206,866,728$55,638,021$37,170,667$121,725,467
99$227,831,931$58,229,080$38,280,681$132,174,249
100$250,931,325$60,942,843$39,423,621$143,605,532