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%16.7%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,341,824
2 years$707,237$694,065$681,300$668,923$656,917$619,208
3 years$466,808$453,579$440,846$428,585$416,775$380,240
4 years$346,617$333,429$320,823$308,772$297,248$262,166
5 years$274,521$261,412$248,972$237,166$225,963$192,433
6 years$226,473$213,463$201,206$189,664$178,797$146,849
7 years$192,166$179,266$167,203$155,933$145,410$115,046
8 years$166,448$153,664$141,802$130,808$120,631$91,835
9 years$146,455$133,792$122,134$111,420$101,589$74,334
10 years$130,471$117,931$106,479$96,045$86,559$60,810
11 years$117,401$104,987$93,742$83,588$74,444$50,160
12 years$106,517$94,231$83,194$73,318$64,511$41,648
13 years$97,315$85,157$74,328$64,729$56,255$34,764
14 years$89,434$77,405$66,784$57,459$49,313$29,142
15 years$82,611$70,711$60,297$51,243$43,419$24,515
16 years$76,646$64,876$54,668$45,883$38,374$20,683
17 years$71,388$59,749$49,746$41,225$34,025$17,492
18 years$66,719$55,210$45,412$37,152$30,253$14,824
19 years$62,547$51,168$41,572$33,570$26,965$12,583
20 years$58,797$47,548$38,153$30,404$24,086$10,697
21 years$55,409$44,289$35,093$27,594$21,554$9,104
22 years$52,332$41,342$32,344$25,089$19,320$7,756
23 years$49,527$38,667$29,864$22,849$17,343$6,613
24 years$46,960$36,228$27,619$20,840$15,588$5,643
25 years$44,602$33,998$25,581$19,032$14,027$4,818
26 years$42,429$31,953$23,725$17,402$12,635$4,116
27 years$40,420$30,071$22,031$15,928$11,392$3,518
28 years$38,558$28,336$20,480$14,594$10,279$3,008
29 years$36,827$26,732$19,059$13,383$9,282$2,572
30 years$35,215$25,246$17,752$12,282$8,386$2,201
31 years$33,710$23,865$16,550$11,280$7,582$1,883
32 years$32,302$22,581$15,442$10,367$6,859$1,612
33 years$30,982$21,385$14,418$9,533$6,207$1,380
34 years$29,742$20,268$13,471$8,771$5,620$1,181
35 years$28,576$19,224$12,595$8,074$5,090$1,011
36 years$27,476$18,246$11,782$7,436$4,612$866
37 years$26,439$17,330$11,028$6,852$4,180$742
38 years$25,459$16,470$10,327$6,315$3,789$635
39 years$24,531$15,661$9,675$5,823$3,436$544
40 years$23,652$14,900$9,069$5,371$3,117$466
41 years$22,818$14,184$8,503$4,955$2,828$399
42 years$22,025$13,508$7,977$4,573$2,566$342
43 years$21,272$12,870$7,485$4,222$2,329$293
44 years$20,555$12,268$7,026$3,898$2,114$251
45 years$19,872$11,699$6,597$3,600$1,919$215
46 years$19,220$11,160$6,196$3,325$1,742$184
47 years$18,598$10,650$5,821$3,072$1,582$158
48 years$18,003$10,167$5,470$2,839$1,437$135
49 years$17,435$9,709$5,142$2,624$1,305$116
50 years$16,891$9,274$4,834$2,425$1,185$99

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 $5,983 every year, while hoping to spend $51,486 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: 52/30/18 Blend
72$17,300,000$17,300,000$17,300,000$17,300,000
73$19,070,771$18,153,871$17,885,721$19,968,164
74$20,961,209$18,988,630$18,430,112$21,419,928
75$23,042,747$19,862,567$18,991,015$22,992,232
76$25,334,820$20,777,547$19,568,928$24,701,267
77$27,858,850$21,735,524$20,164,364$26,560,017
78$30,638,436$22,738,549$20,777,855$28,582,750
79$33,699,587$23,788,768$21,409,943$30,785,148
80$37,070,961$24,888,433$22,061,191$33,184,444
81$40,784,135$26,039,903$22,732,178$35,799,587
82$44,873,910$27,245,651$23,423,499$38,651,404
83$49,378,630$28,508,269$24,135,768$41,762,802
84$54,340,550$29,830,475$24,869,616$45,158,965
85$59,806,234$31,215,115$25,625,695$48,867,593
86$65,826,989$32,665,175$26,404,676$52,919,154
87$72,459,359$34,183,785$27,207,249$57,347,160
88$79,765,647$35,774,225$28,034,125$62,188,482
89$87,814,513$37,439,931$28,886,038$67,483,680
90$96,681,615$39,184,510$29,763,743$73,277,385
91$106,450,328$41,011,739$30,668,016$79,618,708
92$117,212,526$42,925,579$31,599,659$86,561,693
93$129,069,452$44,930,181$32,559,496$94,165,815
94$142,132,674$47,029,898$33,548,377$102,496,536
95$156,525,136$49,229,292$34,567,177$111,625,905
96$172,382,320$51,533,147$35,616,797$121,633,234
97$189,853,522$53,946,477$36,698,166$132,605,825
98$209,103,266$56,474,538$37,812,238$144,639,790
99$230,312,850$59,122,842$38,960,000$157,840,938
100$253,682,066$61,897,166$40,142,465$172,325,763