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%14.9%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,390,738
2 years$727,677$714,125$700,990$688,256$675,903$647,156
3 years$480,299$466,688$453,587$440,972$428,821$400,881
4 years$356,634$343,065$330,095$317,696$305,839$278,922
5 years$282,455$268,967$256,167$244,021$232,494$206,677
6 years$233,018$219,632$207,021$195,145$183,964$159,275
7 years$197,720$184,447$172,036$160,440$149,612$126,056
8 years$171,259$158,105$145,900$134,589$124,118$101,688
9 years$150,688$137,659$125,664$114,640$104,525$83,206
10 years$134,242$121,339$109,556$98,821$89,061$68,832
11 years$120,794$108,021$96,452$86,004$76,595$57,432
12 years$109,596$96,954$85,598$75,437$66,376$48,250
13 years$100,128$87,618$76,477$66,599$57,881$40,762
14 years$92,019$79,643$68,715$59,119$50,738$34,594
15 years$84,998$72,755$62,040$52,724$44,674$29,470
16 years$78,861$66,751$56,248$47,209$39,483$25,184
17 years$73,451$61,475$51,184$42,417$35,008$21,578
18 years$68,648$56,806$46,724$38,226$31,128$18,530
19 years$64,355$52,647$42,774$34,540$27,745$15,942
20 years$60,497$48,922$39,256$31,283$24,782$13,738
21 years$57,010$45,569$36,108$28,391$22,177$11,854
22 years$53,845$42,537$33,279$25,814$19,879$10,241
23 years$50,959$39,784$30,727$23,510$17,844$8,856
24 years$48,317$37,275$28,417$21,442$16,039$7,665
25 years$45,891$34,981$26,320$19,582$14,433$6,639
26 years$43,655$32,876$24,411$17,905$13,000$5,754
27 years$41,588$30,941$22,667$16,389$11,721$4,990
28 years$39,672$29,155$21,072$15,016$10,576$4,330
29 years$37,892$27,505$19,610$13,770$9,550$3,758
30 years$36,233$25,975$18,266$12,637$8,629$3,263
31 years$34,684$24,555$17,028$11,606$7,801$2,834
32 years$33,235$23,234$15,888$10,666$7,057$2,462
33 years$31,877$22,003$14,835$9,809$6,386$2,140
34 years$30,602$20,854$13,861$9,025$5,782$1,860
35 years$29,401$19,780$12,959$8,308$5,237$1,617
36 years$28,271$18,774$12,122$7,651$4,745$1,406
37 years$27,203$17,831$11,346$7,050$4,301$1,222
38 years$26,195$16,946$10,625$6,498$3,899$1,063
39 years$25,240$16,114$9,955$5,991$3,536$924
40 years$24,335$15,331$9,331$5,526$3,207$804
41 years$23,477$14,593$8,749$5,099$2,909$699
42 years$22,662$13,898$8,207$4,705$2,640$609
43 years$21,887$13,242$7,701$4,344$2,396$529
44 years$21,149$12,623$7,229$4,011$2,175$461
45 years$20,446$12,037$6,788$3,704$1,974$401
46 years$19,775$11,483$6,375$3,421$1,793$349
47 years$19,135$10,958$5,989$3,161$1,628$303
48 years$18,524$10,461$5,628$2,921$1,478$264
49 years$17,939$9,990$5,290$2,699$1,343$230
50 years$17,379$9,542$4,974$2,495$1,220$200

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 $5,548 every year, while hoping to spend $27,728 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: 62/12/26 Blend
72$17,800,000$17,800,000$17,800,000$17,800,000
73$19,621,323$18,677,923$18,402,023$20,701,612
74$21,593,195$19,563,639$18,988,988$22,320,833
75$23,765,270$20,491,825$19,594,688$24,084,551
76$26,157,937$21,464,534$20,219,719$26,009,788
77$28,793,667$22,483,917$20,864,701$28,112,334
78$31,697,222$23,552,230$21,530,269$30,409,563
79$34,895,888$24,671,839$22,217,082$32,920,591
80$38,419,732$25,845,222$22,925,818$35,666,457
81$42,301,889$27,074,982$23,657,177$38,670,314
82$46,578,871$28,363,846$24,411,882$41,957,649
83$51,290,915$29,714,673$25,190,679$45,556,510
84$56,482,358$31,130,462$25,994,337$49,497,778
85$62,202,061$32,614,358$26,823,650$53,815,444
86$68,503,867$34,169,657$27,679,438$58,546,932
87$75,447,109$35,799,818$28,562,546$63,733,442
88$83,097,171$37,508,465$29,473,848$69,420,339
89$91,526,104$39,299,402$30,414,244$75,657,572
90$100,813,309$41,176,615$31,384,663$82,500,142
91$111,046,282$43,144,284$32,386,065$90,008,614
92$122,321,444$45,206,795$33,419,439$98,249,685
93$134,745,048$47,368,745$34,485,808$107,296,805
94$148,434,185$49,634,956$35,586,224$117,230,865
95$163,517,885$52,010,482$36,721,776$128,140,952
96$180,138,341$54,500,627$37,893,587$140,125,188
97$198,452,245$57,110,951$39,102,815$153,291,641
98$218,632,270$59,847,283$40,350,655$167,759,346
99$240,868,701$62,715,740$41,638,342$183,659,413
100$265,371,231$65,722,733$42,967,149$201,136,263