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

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 $17,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,408,092
2 years$727,677$714,125$700,990$688,256$675,903$664,508
3 years$480,299$466,688$453,587$440,972$428,821$417,688
4 years$356,634$343,065$330,095$317,696$305,839$295,053
5 years$282,455$268,967$256,167$244,021$232,494$222,088
6 years$233,018$219,632$207,021$195,145$183,964$173,952
7 years$197,720$184,447$172,036$160,440$149,612$139,997
8 years$171,259$158,105$145,900$134,589$124,118$114,900
9 years$150,688$137,659$125,664$114,640$104,525$95,702
10 years$134,242$121,339$109,556$98,821$89,061$80,628
11 years$120,794$108,021$96,452$86,004$76,595$68,546
12 years$109,596$96,954$85,598$75,437$66,376$58,703
13 years$100,128$87,618$76,477$66,599$57,881$50,576
14 years$92,019$79,643$68,715$59,119$50,738$43,792
15 years$84,998$72,755$62,040$52,724$44,674$38,076
16 years$78,861$66,751$56,248$47,209$39,483$33,224
17 years$73,451$61,475$51,184$42,417$35,008$29,078
18 years$68,648$56,806$46,724$38,226$31,128$25,515
19 years$64,355$52,647$42,774$34,540$27,745$22,438
20 years$60,497$48,922$39,256$31,283$24,782$19,770
21 years$57,010$45,569$36,108$28,391$22,177$17,449
22 years$53,845$42,537$33,279$25,814$19,879$15,422
23 years$50,959$39,784$30,727$23,510$17,844$13,649
24 years$48,317$37,275$28,417$21,442$16,039$12,093
25 years$45,891$34,981$26,320$19,582$14,433$10,724
26 years$43,655$32,876$24,411$17,905$13,000$9,519
27 years$41,588$30,941$22,667$16,389$11,721$8,456
28 years$39,672$29,155$21,072$15,016$10,576$7,516
29 years$37,892$27,505$19,610$13,770$9,550$6,685
30 years$36,233$25,975$18,266$12,637$8,629$5,949
31 years$34,684$24,555$17,028$11,606$7,801$5,296
32 years$33,235$23,234$15,888$10,666$7,057$4,717
33 years$31,877$22,003$14,835$9,809$6,386$4,203
34 years$30,602$20,854$13,861$9,025$5,782$3,746
35 years$29,401$19,780$12,959$8,308$5,237$3,340
36 years$28,271$18,774$12,122$7,651$4,745$2,978
37 years$27,203$17,831$11,346$7,050$4,301$2,656
38 years$26,195$16,946$10,625$6,498$3,899$2,370
39 years$25,240$16,114$9,955$5,991$3,536$2,115
40 years$24,335$15,331$9,331$5,526$3,207$1,887
41 years$23,477$14,593$8,749$5,099$2,909$1,685
42 years$22,662$13,898$8,207$4,705$2,640$1,504
43 years$21,887$13,242$7,701$4,344$2,396$1,343
44 years$21,149$12,623$7,229$4,011$2,175$1,199
45 years$20,446$12,037$6,788$3,704$1,974$1,071
46 years$19,775$11,483$6,375$3,421$1,793$956
47 years$19,135$10,958$5,989$3,161$1,628$854
48 years$18,524$10,461$5,628$2,921$1,478$763
49 years$17,939$9,990$5,290$2,699$1,343$681
50 years$17,379$9,542$4,974$2,495$1,220$608

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 $4,152 every year, while hoping to spend $20,933 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: 80/11/9 Blend
72$17,800,000$17,800,000$17,800,000$17,800,000
73$19,619,883$18,676,483$18,400,583$21,163,113
74$21,598,838$19,569,358$18,994,730$23,068,443
75$23,778,946$20,505,282$19,608,079$25,155,536
76$26,180,700$21,486,343$20,241,252$27,445,087
77$28,826,687$22,514,730$20,894,890$29,957,321
78$31,741,795$23,592,737$21,569,654$32,714,503
79$34,953,450$24,722,773$22,266,229$35,741,156
80$38,491,874$25,907,361$22,985,320$39,064,281
81$42,390,372$27,149,149$23,727,655$42,713,611
82$46,685,645$28,450,912$24,493,987$46,721,893
83$51,418,138$29,815,563$25,285,092$51,125,191
84$56,632,416$31,246,155$26,101,771$55,963,222
85$62,377,595$32,745,888$26,944,853$61,279,731
86$68,707,795$34,318,122$27,815,190$67,122,898
87$75,682,657$35,966,378$28,713,667$73,545,793
88$83,367,906$37,694,347$29,641,192$80,606,866
89$91,835,966$39,505,905$30,598,706$88,370,505
90$101,166,652$41,405,111$31,587,180$96,907,630
91$111,447,915$43,396,226$32,607,615$106,296,366
92$122,776,679$45,483,718$33,661,046$116,622,772
93$135,259,750$47,672,270$34,748,541$127,981,648
94$149,014,830$49,966,796$35,871,203$140,477,430
95$164,171,623$52,372,450$37,030,169$154,225,166
96$180,873,064$54,894,635$38,226,615$169,351,600
97$199,276,664$57,539,019$39,461,753$185,996,360
98$219,555,998$60,311,547$40,736,837$204,313,274
99$241,902,349$63,218,451$42,053,160$224,471,815
100$266,526,503$66,266,270$43,412,055$246,658,692