Can I retire at age 73 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,330,579
2 years$707,237$694,065$681,300$668,923$656,917$608,126
3 years$466,808$453,579$440,846$428,585$416,775$369,673
4 years$346,617$333,429$320,823$308,772$297,248$252,194
5 years$274,521$261,412$248,972$237,166$225,963$183,076
6 years$226,473$213,463$201,206$189,664$178,797$138,109
7 years$192,166$179,266$167,203$155,933$145,410$106,912
8 years$166,448$153,664$141,802$130,808$120,631$84,292
9 years$146,455$133,792$122,134$111,420$101,589$67,361
10 years$130,471$117,931$106,479$96,045$86,559$54,384
11 years$117,401$104,987$93,742$83,588$74,444$44,255
12 years$106,517$94,231$83,194$73,318$64,511$36,237
13 years$97,315$85,157$74,328$64,729$56,255$29,819
14 years$89,434$77,405$66,784$57,459$49,313$24,636
15 years$82,611$70,711$60,297$51,243$43,419$20,419
16 years$76,646$64,876$54,668$45,883$38,374$16,968
17 years$71,388$59,749$49,746$41,225$34,025$14,131
18 years$66,719$55,210$45,412$37,152$30,253$11,790
19 years$62,547$51,168$41,572$33,570$26,965$9,851
20 years$58,797$47,548$38,153$30,404$24,086$8,240
21 years$55,409$44,289$35,093$27,594$21,554$6,900
22 years$52,332$41,342$32,344$25,089$19,320$5,783
23 years$49,527$38,667$29,864$22,849$17,343$4,850
24 years$46,960$36,228$27,619$20,840$15,588$4,070
25 years$44,602$33,998$25,581$19,032$14,027$3,417
26 years$42,429$31,953$23,725$17,402$12,635$2,870
27 years$40,420$30,071$22,031$15,928$11,392$2,412
28 years$38,558$28,336$20,480$14,594$10,279$2,027
29 years$36,827$26,732$19,059$13,383$9,282$1,704
30 years$35,215$25,246$17,752$12,282$8,386$1,433
31 years$33,710$23,865$16,550$11,280$7,582$1,205
32 years$32,302$22,581$15,442$10,367$6,859$1,014
33 years$30,982$21,385$14,418$9,533$6,207$853
34 years$29,742$20,268$13,471$8,771$5,620$717
35 years$28,576$19,224$12,595$8,074$5,090$603
36 years$27,476$18,246$11,782$7,436$4,612$508
37 years$26,439$17,330$11,028$6,852$4,180$427
38 years$25,459$16,470$10,327$6,315$3,789$360
39 years$24,531$15,661$9,675$5,823$3,436$303
40 years$23,652$14,900$9,069$5,371$3,117$255
41 years$22,818$14,184$8,503$4,955$2,828$214
42 years$22,025$13,508$7,977$4,573$2,566$180
43 years$21,272$12,870$7,485$4,222$2,329$152
44 years$20,555$12,268$7,026$3,898$2,114$128
45 years$19,872$11,699$6,597$3,600$1,919$108
46 years$19,220$11,160$6,196$3,325$1,742$91
47 years$18,598$10,650$5,821$3,072$1,582$76
48 years$18,003$10,167$5,470$2,839$1,437$64
49 years$17,435$9,709$5,142$2,624$1,305$54
50 years$16,891$9,274$4,834$2,425$1,185$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $17,300,000, adding $2,699 every year, while hoping to spend $42,402 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: 77/5/18 Blend
72$17,300,000$17,300,000$17,300,000$17,300,000
73$19,067,384$18,150,484$17,882,334$20,457,839
74$20,967,142$18,994,742$18,436,277$22,221,359
75$23,059,254$19,878,948$19,007,356$24,149,338
76$25,363,295$20,805,014$19,596,100$26,262,633
77$27,900,837$21,774,945$20,203,054$28,579,755
78$30,695,648$22,790,843$20,828,782$31,121,088
79$33,773,921$23,854,912$21,473,864$33,909,080
80$37,164,518$24,969,460$22,138,895$36,968,456
81$40,899,245$26,136,909$22,824,494$40,326,445
82$45,013,148$27,359,798$23,531,295$44,013,036
83$49,544,847$28,640,786$24,259,952$48,061,263
84$54,536,902$29,982,665$25,011,140$52,507,509
85$60,036,208$31,388,357$25,785,555$57,391,852
86$66,094,444$32,860,930$26,583,914$62,758,437
87$72,768,558$34,403,596$27,406,956$68,655,893
88$80,121,306$36,019,727$28,255,444$75,137,788
89$88,221,839$37,712,854$29,130,162$82,263,134
90$97,146,364$39,486,682$30,031,920$90,096,939
91$106,978,857$41,345,092$30,961,552$98,710,818
92$117,811,856$43,292,157$31,919,920$108,183,670
93$129,747,337$45,332,145$32,907,909$118,602,412
94$142,897,676$47,469,530$33,926,434$130,062,805
95$157,386,706$49,709,005$34,976,437$142,670,350
96$173,350,892$52,055,488$36,058,890$156,541,279
97$190,940,613$54,514,137$37,174,793$171,803,653
98$210,321,586$57,090,360$38,325,179$188,598,565
99$231,676,426$59,789,826$39,511,110$207,081,467
100$255,206,374$62,618,480$40,733,685$227,423,637