Can I retire at age 73 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,348,492
2 years$711,325$698,077$685,238$672,789$660,714$621,711
3 years$469,506$456,201$443,394$431,063$419,184$381,408
4 years$348,620$335,356$322,677$310,556$298,966$262,707
5 years$276,108$262,923$250,411$238,537$227,269$192,626
6 years$227,782$214,697$202,369$190,760$179,830$146,836
7 years$193,277$180,302$168,170$156,834$146,250$114,905
8 years$167,410$154,552$142,621$131,564$121,329$91,616
9 years$147,302$134,565$122,840$112,064$102,176$74,066
10 years$131,225$118,613$107,094$96,600$87,059$60,515
11 years$118,079$105,594$94,284$84,071$74,874$49,853
12 years$107,133$94,775$83,675$73,741$64,884$41,339
13 years$97,878$85,649$74,758$65,103$56,580$34,459
14 years$89,951$77,853$67,170$57,791$49,598$28,846
15 years$83,088$71,120$60,646$51,539$43,670$24,233
16 years$77,089$65,251$54,984$46,148$38,596$20,416
17 years$71,800$60,094$50,034$41,463$34,221$17,241
18 years$67,105$55,529$45,674$37,367$30,428$14,589
19 years$62,909$51,464$41,813$33,764$27,121$12,365
20 years$59,137$47,823$38,373$30,580$24,225$10,495
21 years$55,729$44,545$35,296$27,753$21,679$8,919
22 years$52,635$41,581$32,531$25,234$19,432$7,586
23 years$49,814$38,890$30,036$22,981$17,443$6,459
24 years$47,232$36,438$27,779$20,960$15,678$5,502
25 years$44,860$34,195$25,729$19,142$14,108$4,691
26 years$42,674$32,138$23,862$17,502$12,708$4,001
27 years$40,654$30,245$22,158$16,020$11,457$3,414
28 years$38,781$28,500$20,599$14,678$10,338$2,914
29 years$37,040$26,886$19,169$13,460$9,335$2,488
30 years$35,419$25,391$17,855$12,353$8,435$2,125
31 years$33,905$24,003$16,646$11,345$7,626$1,815
32 years$32,489$22,712$15,531$10,427$6,898$1,551
33 years$31,161$21,509$14,501$9,588$6,243$1,325
34 years$29,914$20,385$13,549$8,822$5,652$1,133
35 years$28,741$19,335$12,667$8,121$5,119$968
36 years$27,635$18,352$11,850$7,479$4,639$828
37 years$26,592$17,430$11,091$6,891$4,204$708
38 years$25,606$16,565$10,387$6,352$3,811$605
39 years$24,673$15,751$9,731$5,857$3,456$518
40 years$23,789$14,986$9,121$5,402$3,135$443
41 years$22,950$14,266$8,553$4,984$2,844$378
42 years$22,153$13,586$8,023$4,600$2,581$324
43 years$21,395$12,945$7,528$4,246$2,342$277
44 years$20,674$12,339$7,066$3,920$2,126$237
45 years$19,986$11,766$6,635$3,621$1,930$203
46 years$19,331$11,225$6,232$3,344$1,752$173
47 years$18,705$10,712$5,855$3,090$1,591$148
48 years$18,107$10,226$5,502$2,855$1,445$127
49 years$17,536$9,765$5,171$2,639$1,312$108
50 years$16,988$9,328$4,862$2,439$1,192$93

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $17,400,000, adding $3,112 every year, while hoping to spend $28,045 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: 29/45/26 Blend
72$17,400,000$17,400,000$17,400,000$17,400,000
73$19,178,010$18,255,810$17,986,110$19,579,418
74$21,104,327$19,120,505$18,558,805$20,759,092
75$23,226,189$20,026,630$19,149,745$22,023,782
76$25,563,511$20,976,186$19,759,513$23,382,890
77$28,138,240$21,971,270$20,388,707$24,844,582
78$30,974,560$23,014,081$21,037,948$26,417,792
79$34,099,120$24,106,926$21,707,874$28,112,297
80$37,541,288$25,252,223$22,399,145$29,938,800
81$41,333,424$26,452,507$23,112,442$31,909,023
82$45,511,191$27,710,437$23,848,466$34,035,807
83$50,113,885$29,028,801$24,607,943$36,333,222
84$55,184,811$30,410,523$25,391,619$38,816,686
85$60,771,691$31,858,667$26,200,266$41,503,107
86$66,927,109$33,376,448$27,034,682$44,411,019
87$73,709,017$34,967,236$27,895,686$47,560,756
88$81,181,273$36,634,567$28,784,127$50,974,621
89$89,414,247$38,382,145$29,700,880$54,677,087
90$98,485,488$40,213,859$30,646,848$58,695,016
91$108,480,452$42,133,782$31,622,962$63,057,891
92$119,493,310$44,146,189$32,630,183$67,798,084
93$131,627,837$46,255,561$33,669,503$72,951,140
94$144,998,391$48,466,598$34,741,946$78,556,100
95$159,730,994$50,784,228$35,848,568$84,655,848
96$175,964,519$53,213,620$36,990,459$91,297,498
97$193,852,004$55,760,191$38,168,743$98,532,819
98$213,562,095$58,429,627$39,384,582$106,418,701
99$235,280,636$61,227,886$40,639,173$115,017,671
100$259,212,428$64,161,219$41,933,752$124,398,462