Can I retire at age 73 with 17,600,000?

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,373,428
2 years$719,501$706,101$693,114$680,522$668,309$638,210
3 years$474,902$461,445$448,491$436,017$424,003$394,765
4 years$352,627$339,211$326,386$314,126$302,402$274,251
5 years$279,281$265,945$253,289$241,279$229,881$202,896
6 years$230,400$217,164$204,695$192,953$181,897$156,106
7 years$195,499$182,374$170,103$158,637$147,931$123,340
8 years$169,334$156,328$144,261$133,077$122,723$99,323
9 years$148,995$136,112$124,252$113,352$103,351$81,125
10 years$132,733$119,976$108,325$97,710$88,060$66,986
11 years$119,437$106,808$95,368$85,037$75,735$55,786
12 years$108,364$95,865$84,637$74,589$65,630$46,776
13 years$99,003$86,634$75,617$65,851$57,231$39,438
14 years$90,985$78,748$67,942$58,455$50,168$33,402
15 years$84,043$71,937$61,343$52,132$44,172$28,395
16 years$77,975$66,001$55,616$46,678$39,039$24,214
17 years$72,626$60,785$50,609$41,940$34,615$20,702
18 years$67,876$56,168$46,199$37,796$30,778$17,739
19 years$63,632$52,056$42,293$34,152$27,433$15,228
20 years$59,817$48,373$38,815$30,932$24,504$13,092
21 years$56,369$45,057$35,702$28,072$21,928$11,272
22 years$53,240$42,059$32,905$25,524$19,655$9,715
23 years$50,386$39,337$30,382$23,245$17,644$8,382
24 years$47,775$36,856$28,098$21,201$15,859$7,238
25 years$45,376$34,588$26,024$19,362$14,270$6,254
26 years$43,165$32,507$24,136$17,704$12,854$5,407
27 years$41,121$30,593$22,413$16,205$11,589$4,678
28 years$39,227$28,828$20,835$14,847$10,457$4,049
29 years$37,466$27,196$19,389$13,615$9,443$3,506
30 years$35,826$25,683$18,060$12,495$8,532$3,036
31 years$34,295$24,279$16,837$11,476$7,714$2,631
32 years$32,862$22,973$15,709$10,547$6,978$2,280
33 years$31,519$21,756$14,668$9,698$6,315$1,976
34 years$30,258$20,620$13,705$8,923$5,717$1,713
35 years$29,071$19,557$12,813$8,214$5,178$1,486
36 years$27,953$18,563$11,986$7,565$4,692$1,288
37 years$26,898$17,630$11,219$6,970$4,252$1,117
38 years$25,900$16,755$10,506$6,425$3,855$969
39 years$24,956$15,933$9,843$5,924$3,496$841
40 years$24,062$15,159$9,226$5,464$3,171$730
41 years$23,213$14,429$8,651$5,041$2,877$633
42 years$22,407$13,742$8,115$4,652$2,610$549
43 years$21,641$13,093$7,615$4,295$2,369$477
44 years$20,911$12,481$7,148$3,966$2,150$414
45 years$20,216$11,902$6,711$3,662$1,952$359
46 years$19,553$11,354$6,304$3,383$1,772$312
47 years$18,920$10,835$5,922$3,125$1,610$270
48 years$18,315$10,343$5,565$2,888$1,462$235
49 years$17,737$9,877$5,231$2,669$1,328$204
50 years$17,184$9,435$4,918$2,467$1,206$177

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $17,600,000, adding $5,545 every year, while hoping to spend $24,085 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: 74/14/12 Blend
72$17,600,000$17,600,000$17,600,000$17,600,000
73$19,400,920$18,468,120$18,195,320$20,789,380
74$21,354,187$19,347,431$18,779,237$22,586,490
75$23,505,881$20,269,022$19,381,908$24,551,311
76$25,876,215$21,234,938$20,003,935$26,703,341
77$28,487,463$22,247,325$20,645,942$29,061,137
78$31,364,174$23,308,433$21,308,570$31,645,127
79$34,533,395$24,420,621$21,992,483$34,477,797
80$38,024,933$25,586,364$22,698,363$37,583,903
81$41,871,637$26,808,256$23,426,919$40,990,699
82$46,109,701$28,089,018$24,178,878$44,728,193
83$50,779,013$29,431,503$24,954,993$48,829,424
84$55,923,528$30,838,702$25,756,041$53,330,773
85$61,591,683$32,313,753$26,582,823$58,272,298
86$67,836,854$33,859,947$27,436,167$63,698,114
87$74,717,862$35,480,732$28,316,927$69,656,800
88$82,299,524$37,179,728$29,225,984$76,201,853
89$90,653,269$38,960,729$30,164,249$83,392,195
90$99,857,811$40,827,713$31,132,660$91,292,713
91$109,999,891$42,784,854$32,132,186$99,974,878
92$121,175,095$44,836,527$33,163,830$109,517,405
93$133,488,759$46,987,321$34,228,623$120,006,994
94$147,056,962$49,242,049$35,327,631$131,539,146
95$162,007,620$51,605,758$36,461,955$144,219,052
96$178,481,697$54,083,740$37,632,730$158,162,582
97$196,634,533$56,681,546$38,841,129$173,497,374
98$216,637,311$59,404,998$40,088,363$190,364,030
99$238,678,673$62,260,199$41,375,679$208,917,434
100$262,966,501$65,253,552$42,704,368$229,328,212