Can I retire at age 73 with 17,800,000?

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 $17,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,370,126
2 years$727,677$714,125$700,990$688,256$675,903$626,773
3 years$480,299$466,688$453,587$440,972$428,821$381,375
4 years$356,634$343,065$330,095$317,696$305,839$260,440
5 years$282,455$268,967$256,167$244,021$232,494$189,261
6 years$233,018$219,632$207,021$195,145$183,964$142,932
7 years$197,720$184,447$172,036$160,440$149,612$110,773
8 years$171,259$158,105$145,900$134,589$124,118$87,440
9 years$150,688$137,659$125,664$114,640$104,525$69,962
10 years$134,242$121,339$109,556$98,821$89,061$56,555
11 years$120,794$108,021$96,452$86,004$76,595$46,081
12 years$109,596$96,954$85,598$75,437$66,376$37,783
13 years$100,128$87,618$76,477$66,599$57,881$31,134
14 years$92,019$79,643$68,715$59,119$50,738$25,757
15 years$84,998$72,755$62,040$52,724$44,674$21,379
16 years$78,861$66,751$56,248$47,209$39,483$17,792
17 years$73,451$61,475$51,184$42,417$35,008$14,839
18 years$68,648$56,806$46,724$38,226$31,128$12,399
19 years$64,355$52,647$42,774$34,540$27,745$10,375
20 years$60,497$48,922$39,256$31,283$24,782$8,693
21 years$57,010$45,569$36,108$28,391$22,177$7,290
22 years$53,845$42,537$33,279$25,814$19,879$6,119
23 years$50,959$39,784$30,727$23,510$17,844$5,140
24 years$48,317$37,275$28,417$21,442$16,039$4,321
25 years$45,891$34,981$26,320$19,582$14,433$3,633
26 years$43,655$32,876$24,411$17,905$13,000$3,057
27 years$41,588$30,941$22,667$16,389$11,721$2,572
28 years$39,672$29,155$21,072$15,016$10,576$2,166
29 years$37,892$27,505$19,610$13,770$9,550$1,824
30 years$36,233$25,975$18,266$12,637$8,629$1,536
31 years$34,684$24,555$17,028$11,606$7,801$1,294
32 years$33,235$23,234$15,888$10,666$7,057$1,090
33 years$31,877$22,003$14,835$9,809$6,386$918
34 years$30,602$20,854$13,861$9,025$5,782$774
35 years$29,401$19,780$12,959$8,308$5,237$652
36 years$28,271$18,774$12,122$7,651$4,745$550
37 years$27,203$17,831$11,346$7,050$4,301$463
38 years$26,195$16,946$10,625$6,498$3,899$391
39 years$25,240$16,114$9,955$5,991$3,536$329
40 years$24,335$15,331$9,331$5,526$3,207$278
41 years$23,477$14,593$8,749$5,099$2,909$234
42 years$22,662$13,898$8,207$4,705$2,640$197
43 years$21,887$13,242$7,701$4,344$2,396$166
44 years$21,149$12,623$7,229$4,011$2,175$140
45 years$20,446$12,037$6,788$3,704$1,974$118
46 years$19,775$11,483$6,375$3,421$1,793$100
47 years$19,135$10,958$5,989$3,161$1,628$84
48 years$18,524$10,461$5,628$2,921$1,478$71
49 years$17,939$9,990$5,290$2,699$1,343$60
50 years$17,379$9,542$4,974$2,495$1,220$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $17,800,000, adding $3,155 every year, while hoping to spend $29,529 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: 60/27/13 Blend
72$17,800,000$17,800,000$17,800,000$17,800,000
73$19,618,854$18,675,454$18,399,554$20,733,251
74$21,588,559$19,559,133$18,984,521$22,367,229
75$23,758,184$20,485,122$19,588,094$24,145,224
76$26,148,089$21,455,464$20,210,866$26,084,012
77$28,780,712$22,472,300$20,853,448$28,199,118
78$31,680,776$23,537,874$21,516,470$30,507,609
79$34,875,527$24,654,541$22,200,583$33,028,254
80$38,394,986$25,824,769$22,906,458$35,781,693
81$42,272,238$27,051,146$23,634,788$38,790,627
82$46,543,740$28,336,386$24,386,287$42,080,027
83$51,249,667$29,683,334$25,161,693$45,677,362
84$56,434,290$31,094,975$25,961,766$49,612,851
85$62,146,395$32,574,436$26,787,293$53,919,742
86$68,439,743$34,124,999$27,639,083$58,634,622
87$75,373,576$35,750,103$28,517,972$63,797,747
88$83,013,179$37,453,356$29,424,822$69,453,421
89$91,430,494$39,238,542$30,360,524$75,650,404
90$100,704,799$41,109,625$31,325,996$82,442,362
91$110,923,457$43,070,765$32,322,186$89,888,364
92$122,182,742$45,126,325$33,350,072$98,053,433
93$134,588,744$47,280,878$34,410,662$107,009,148
94$148,258,375$49,539,219$35,504,998$116,834,307
95$163,320,468$51,906,379$36,634,153$127,615,666
96$179,916,995$54,387,632$37,799,238$139,448,740
97$198,204,411$56,988,508$39,001,394$152,438,696
98$218,355,123$59,714,807$40,241,803$166,701,331
99$240,559,125$62,572,612$41,521,683$182,364,155
100$265,025,786$65,568,300$42,842,289$199,567,579