Can I retire at age 73 with 17,700,000?

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,401,353
2 years$723,589$710,113$697,052$684,389$672,106$661,952
3 years$477,601$464,066$451,039$438,495$426,412$416,488
4 years$354,631$341,138$328,241$315,911$304,120$294,504
5 years$280,868$267,456$254,728$242,650$231,188$221,906
6 years$231,709$218,398$205,858$194,049$182,931$173,996
7 years$196,609$183,410$171,069$159,538$148,772$140,188
8 years$170,296$157,217$145,080$133,833$123,420$115,188
9 years$149,842$136,885$124,958$113,996$103,938$96,054
10 years$133,487$120,658$108,941$98,265$88,560$81,021
11 years$120,115$107,415$95,910$85,520$76,165$68,965
12 years$108,980$96,409$85,118$75,013$66,003$59,136
13 years$99,565$87,126$76,047$66,225$57,556$51,014
14 years$91,502$79,195$68,328$58,787$50,453$44,229
15 years$84,521$72,346$61,691$52,428$44,423$38,508
16 years$78,418$66,376$55,932$46,944$39,261$33,647
17 years$73,038$61,130$50,896$42,178$34,812$29,489
18 years$68,262$56,487$46,462$38,011$30,953$25,912
19 years$63,994$52,351$42,533$34,346$27,589$22,820
20 years$60,157$48,648$39,035$31,107$24,643$20,136
21 years$56,690$45,313$35,905$28,232$22,053$17,798
22 years$53,542$42,298$33,092$25,669$19,767$15,755
23 years$50,673$39,561$30,554$23,377$17,744$13,964
24 years$48,046$37,066$28,258$21,322$15,949$12,391
25 years$45,633$34,784$26,172$19,472$14,351$11,006
26 years$43,410$32,692$24,273$17,804$12,927$9,784
27 years$41,355$30,767$22,540$16,297$11,655$8,705
28 years$39,449$28,991$20,954$14,931$10,517$7,750
29 years$37,679$27,350$19,499$13,692$9,496$6,904
30 years$36,030$25,829$18,163$12,566$8,580$6,154
31 years$34,490$24,417$16,933$11,541$7,757$5,488
32 years$33,049$23,104$15,799$10,606$7,017$4,896
33 years$31,698$21,879$14,751$9,753$6,351$4,369
34 years$30,430$20,737$13,783$8,974$5,750$3,901
35 years$29,236$19,669$12,886$8,261$5,208$3,483
36 years$28,112$18,668$12,054$7,608$4,718$3,112
37 years$27,050$17,731$11,283$7,010$4,277$2,780
38 years$26,047$16,850$10,566$6,461$3,877$2,485
39 years$25,098$16,023$9,899$5,958$3,516$2,221
40 years$24,199$15,245$9,278$5,495$3,189$1,985
41 years$23,345$14,511$8,700$5,070$2,893$1,775
42 years$22,535$13,820$8,161$4,679$2,625$1,587
43 years$21,764$13,168$7,658$4,319$2,383$1,420
44 years$21,030$12,552$7,188$3,988$2,163$1,270
45 years$20,331$11,969$6,750$3,683$1,963$1,136
46 years$19,664$11,418$6,339$3,402$1,783$1,016
47 years$19,028$10,896$5,956$3,143$1,619$909
48 years$18,419$10,402$5,597$2,904$1,470$813
49 years$17,838$9,933$5,261$2,684$1,335$728
50 years$17,281$9,489$4,946$2,481$1,213$651

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $17,700,000, adding $2,450 every year, while hoping to spend $20,759 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: 66/16/18 Blend
72$17,700,000$17,700,000$17,700,000$17,700,000
73$19,507,927$18,569,827$18,295,477$20,708,568
74$21,475,648$19,457,661$18,886,288$22,400,652
75$23,643,381$20,388,304$19,496,196$24,247,004
76$26,031,505$21,363,830$20,125,817$26,264,853
77$28,662,478$22,386,416$20,775,791$28,471,018
78$31,561,046$23,458,346$21,446,776$30,884,002
79$34,754,480$24,582,012$22,139,450$33,524,169
80$38,272,832$25,759,926$22,854,517$36,413,928
81$42,149,218$26,994,720$23,592,700$39,577,941
82$46,420,131$28,289,154$24,354,748$43,043,354
83$51,125,786$29,646,123$25,141,434$46,840,043
84$56,310,497$31,068,664$25,953,553$51,000,900
85$62,023,100$32,559,961$26,791,929$55,562,130
86$68,317,410$34,123,353$27,657,413$60,563,593
87$75,252,731$35,762,342$28,550,881$66,049,172
88$82,894,412$37,480,600$29,473,238$72,067,183
89$91,314,471$39,281,979$30,425,421$78,670,825
90$100,592,269$41,170,517$31,408,394$85,918,677
91$110,815,258$43,150,451$32,423,153$93,875,243
92$122,079,814$45,226,222$33,470,729$102,611,553
93$134,492,139$47,402,491$34,552,182$112,205,832
94$148,169,267$49,684,142$35,668,609$122,744,224
95$163,240,168$52,076,301$36,821,144$134,321,602
96$179,846,967$54,584,341$38,010,953$147,042,457
97$198,146,282$57,213,899$39,239,245$161,021,871
98$218,310,708$59,970,885$40,507,265$176,386,599
99$240,530,440$62,861,499$41,816,298$193,276,254
100$265,015,075$65,892,242$43,167,674$211,844,617