Can I retire at age 73 with 17,900,000?

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,380,023
2 years$731,765$718,137$704,928$692,122$679,701$632,458
3 years$482,997$469,310$456,135$443,449$431,230$385,576
4 years$358,638$344,993$331,950$319,480$307,557$263,840
5 years$284,042$270,478$257,607$245,392$233,800$192,137
6 years$234,327$220,866$208,184$196,242$184,998$145,423
7 years$198,831$185,483$173,002$161,341$150,453$112,961
8 years$172,221$158,993$146,720$135,345$124,815$89,378
9 years$151,535$138,432$126,370$115,284$105,112$71,688
10 years$134,996$122,021$110,172$99,376$89,561$58,097
11 years$121,473$108,628$96,994$86,487$77,025$47,461
12 years$110,211$97,499$86,079$75,860$66,749$39,018
13 years$100,690$88,110$76,906$66,973$58,206$32,239
14 years$92,536$80,090$69,101$59,452$51,023$26,746
15 years$85,476$73,164$62,388$53,020$44,925$22,263
16 years$79,304$67,126$56,564$47,474$39,705$18,581
17 years$73,864$61,821$51,471$42,655$35,205$15,543
18 years$69,033$57,125$46,987$38,441$31,303$13,026
19 years$64,717$52,943$43,014$34,734$27,901$10,933
20 years$60,836$49,197$39,476$31,459$24,921$9,188
21 years$57,330$45,825$36,310$28,551$22,302$7,730
22 years$54,147$42,776$33,466$25,959$19,990$6,509
23 years$51,245$40,008$30,900$23,642$17,945$5,485
24 years$48,589$37,485$28,577$21,562$16,129$4,624
25 years$46,149$35,177$26,468$19,692$14,514$3,901
26 years$43,900$33,061$24,548$18,005$13,073$3,293
27 years$41,822$31,114$22,795$16,481$11,787$2,780
28 years$39,895$29,319$21,191$15,100$10,635$2,348
29 years$38,105$27,659$19,720$13,847$9,603$1,984
30 years$36,437$26,121$18,368$12,708$8,677$1,676
31 years$34,879$24,693$17,124$11,671$7,845$1,417
32 years$33,422$23,365$15,977$10,726$7,096$1,197
33 years$32,056$22,127$14,918$9,864$6,422$1,012
34 years$30,773$20,971$13,938$9,075$5,815$856
35 years$29,567$19,891$13,031$8,354$5,267$724
36 years$28,429$18,879$12,191$7,694$4,772$612
37 years$27,356$17,931$11,410$7,089$4,325$518
38 years$26,342$17,041$10,685$6,534$3,921$438
39 years$25,382$16,204$10,011$6,025$3,556$370
40 years$24,472$15,417$9,383$5,557$3,225$313
41 years$23,609$14,675$8,798$5,127$2,926$265
42 years$22,789$13,976$8,253$4,732$2,655$224
43 years$22,010$13,317$7,745$4,368$2,409$190
44 years$21,268$12,694$7,270$4,033$2,187$160
45 years$20,561$12,104$6,826$3,725$1,985$136
46 years$19,886$11,547$6,411$3,441$1,803$115
47 years$19,243$11,020$6,023$3,179$1,637$97
48 years$18,628$10,520$5,660$2,937$1,487$82
49 years$18,039$10,046$5,320$2,714$1,350$69
50 years$17,477$9,596$5,002$2,509$1,226$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $17,900,000, adding $3,555 every year, while hoping to spend $50,363 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: 79/9/12 Blend
72$17,900,000$17,900,000$17,900,000$17,900,000
73$19,729,467$18,780,767$18,503,317$21,243,627
74$21,688,287$19,647,439$19,069,592$23,106,084
75$23,845,218$20,554,889$19,653,150$25,142,061
76$26,220,416$21,505,064$20,254,515$27,374,302
77$28,836,087$22,500,001$20,874,231$29,822,403
78$31,716,705$23,541,838$21,512,854$32,507,937
79$34,889,234$24,632,814$22,170,960$35,454,666
80$38,383,390$25,775,276$22,849,142$38,688,752
81$42,231,918$26,971,686$23,548,010$42,239,010
82$46,470,897$28,224,623$24,268,192$46,137,175
83$51,140,090$29,536,790$25,010,338$50,418,195
84$56,283,309$30,911,022$25,775,113$55,120,566
85$61,948,834$32,350,290$26,563,207$60,286,684
86$68,189,868$33,857,708$27,375,328$65,963,250
87$75,065,039$35,436,540$28,212,206$72,201,702
88$82,638,952$37,090,209$29,074,594$79,058,699
89$90,982,797$38,822,302$29,963,265$86,596,656
90$100,175,027$40,636,579$30,879,019$94,884,325
91$110,302,093$42,536,984$31,822,679$103,997,442
92$121,459,258$44,527,649$32,795,091$114,019,439
93$133,751,505$46,612,906$33,797,129$125,042,228
94$147,294,519$48,797,298$34,829,693$137,167,063
95$162,215,781$51,085,587$35,893,708$150,505,491
96$178,655,774$53,482,764$36,990,131$165,180,404
97$196,769,307$55,994,064$38,119,945$181,327,192
98$216,726,976$58,624,972$39,284,162$199,095,016
99$238,716,773$61,381,242$40,483,828$218,648,213
100$262,945,865$64,268,904$41,720,017$240,167,838