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%12.5%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,404,574
2 years$727,677$714,125$700,990$688,256$675,903$660,976
3 years$480,299$466,688$453,587$440,972$428,821$414,252
4 years$356,634$343,065$330,095$317,696$305,839$291,741
5 years$282,455$268,967$256,167$244,021$232,494$218,909
6 years$233,018$219,632$207,021$195,145$183,964$170,908
7 years$197,720$184,447$172,036$160,440$149,612$137,091
8 years$171,259$158,105$145,900$134,589$124,118$112,130
9 years$150,688$137,659$125,664$114,640$104,525$93,067
10 years$134,242$121,339$109,556$98,821$89,061$78,125
11 years$120,794$108,021$96,452$86,004$76,595$66,173
12 years$109,596$96,954$85,598$75,437$66,376$56,456
13 years$100,128$87,618$76,477$66,599$57,881$48,452
14 years$92,019$79,643$68,715$59,119$50,738$41,787
15 years$84,998$72,755$62,040$52,724$44,674$36,187
16 years$78,861$66,751$56,248$47,209$39,483$31,446
17 years$73,451$61,475$51,184$42,417$35,008$27,407
18 years$68,648$56,806$46,724$38,226$31,128$23,946
19 years$64,355$52,647$42,774$34,540$27,745$20,968
20 years$60,497$48,922$39,256$31,283$24,782$18,394
21 years$57,010$45,569$36,108$28,391$22,177$16,162
22 years$53,845$42,537$33,279$25,814$19,879$14,221
23 years$50,959$39,784$30,727$23,510$17,844$12,528
24 years$48,317$37,275$28,417$21,442$16,039$11,048
25 years$45,891$34,981$26,320$19,582$14,433$9,753
26 years$43,655$32,876$24,411$17,905$13,000$8,616
27 years$41,588$30,941$22,667$16,389$11,721$7,617
28 years$39,672$29,155$21,072$15,016$10,576$6,738
29 years$37,892$27,505$19,610$13,770$9,550$5,964
30 years$36,233$25,975$18,266$12,637$8,629$5,281
31 years$34,684$24,555$17,028$11,606$7,801$4,679
32 years$33,235$23,234$15,888$10,666$7,057$4,147
33 years$31,877$22,003$14,835$9,809$6,386$3,676
34 years$30,602$20,854$13,861$9,025$5,782$3,260
35 years$29,401$19,780$12,959$8,308$5,237$2,892
36 years$28,271$18,774$12,122$7,651$4,745$2,566
37 years$27,203$17,831$11,346$7,050$4,301$2,277
38 years$26,195$16,946$10,625$6,498$3,899$2,021
39 years$25,240$16,114$9,955$5,991$3,536$1,794
40 years$24,335$15,331$9,331$5,526$3,207$1,593
41 years$23,477$14,593$8,749$5,099$2,909$1,415
42 years$22,662$13,898$8,207$4,705$2,640$1,256
43 years$21,887$13,242$7,701$4,344$2,396$1,116
44 years$21,149$12,623$7,229$4,011$2,175$991
45 years$20,446$12,037$6,788$3,704$1,974$881
46 years$19,775$11,483$6,375$3,421$1,793$782
47 years$19,135$10,958$5,989$3,161$1,628$695
48 years$18,524$10,461$5,628$2,921$1,478$618
49 years$17,939$9,990$5,290$2,699$1,343$549
50 years$17,379$9,542$4,974$2,495$1,220$488

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 $3,098 every year, while hoping to spend $42,741 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: 51/22/27 Blend
72$17,800,000$17,800,000$17,800,000$17,800,000
73$19,618,796$18,675,396$18,399,496$20,470,121
74$21,574,437$19,545,014$18,970,403$21,932,726
75$23,728,121$20,455,811$19,559,002$23,517,682
76$26,100,003$21,409,759$20,165,843$25,240,322
77$28,712,293$22,408,927$20,791,488$27,113,762
78$31,589,464$23,455,482$21,436,521$29,152,419
79$34,758,485$24,551,697$22,101,540$31,372,144
80$38,249,073$25,699,953$22,787,164$33,790,359
81$42,093,976$26,902,748$23,494,032$36,426,224
82$46,329,280$28,162,700$24,222,799$39,300,808
83$50,994,748$29,482,554$24,974,145$42,437,282
84$56,134,200$30,865,187$25,748,767$45,861,131
85$61,795,923$32,313,616$26,547,385$49,600,392
86$68,033,127$33,831,003$27,370,742$53,685,906
87$74,904,448$35,420,664$28,219,604$58,151,607
88$82,474,499$37,086,074$29,094,758$63,034,832
89$90,814,484$38,830,878$29,997,018$68,376,667
90$100,002,866$40,658,896$30,927,224$74,222,324
91$110,126,111$42,574,134$31,886,238$80,621,566
92$121,279,499$44,580,792$32,874,952$87,629,160
93$133,568,030$46,683,272$33,894,285$95,305,390
94$147,107,408$48,886,192$34,945,183$103,716,615
95$162,025,140$51,194,391$36,028,622$112,935,884
96$178,461,732$53,612,945$37,145,609$123,043,619
97$196,572,023$56,147,173$38,297,181$134,128,358
98$216,526,640$58,802,655$39,484,408$146,287,583
99$238,513,613$61,585,241$40,708,391$159,628,630
100$262,740,146$64,501,062$41,970,266$174,269,683