Can I retire at age 73 with 18,000,000?

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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,383,318
2 years$735,853$722,148$708,867$695,989$683,498$631,652
3 years$485,696$471,932$458,684$445,927$433,639$383,605
4 years$360,642$346,920$333,804$321,265$309,275$261,435
5 years$285,629$271,990$259,046$246,762$235,106$189,584
6 years$235,636$222,100$209,347$197,338$186,031$142,861
7 years$199,942$186,519$173,969$162,242$151,293$110,465
8 years$173,183$159,881$147,539$136,101$125,512$86,990
9 years$152,381$139,205$127,076$115,928$105,700$69,432
10 years$135,750$122,703$110,787$99,931$90,061$55,985
11 years$122,151$109,235$97,535$86,970$77,456$45,499
12 years$110,827$98,044$86,560$76,284$67,122$37,206
13 years$101,253$88,603$77,336$67,348$58,531$30,574
14 years$93,053$80,537$69,487$59,784$51,308$25,224
15 years$85,953$73,572$62,737$53,317$45,176$20,877
16 years$79,747$67,501$56,880$47,739$39,926$17,324
17 years$74,276$62,166$51,759$42,893$35,402$14,406
18 years$69,419$57,444$47,249$38,655$31,477$12,001
19 years$65,078$53,239$43,254$34,929$28,057$10,012
20 years$61,176$49,472$39,697$31,634$25,061$8,363
21 years$57,651$46,081$36,513$28,710$22,426$6,992
22 years$54,450$43,015$33,653$26,104$20,102$5,851
23 years$51,531$40,231$31,072$23,774$18,045$4,899
24 years$48,860$37,694$28,737$21,683$16,219$4,105
25 years$46,407$35,374$26,616$19,802$14,595$3,441
26 years$44,146$33,246$24,685$18,106$13,146$2,885
27 years$42,055$31,288$22,922$16,573$11,853$2,420
28 years$40,118$29,483$21,309$15,184$10,695$2,031
29 years$38,318$27,814$19,830$13,924$9,657$1,705
30 years$36,640$26,267$18,471$12,779$8,726$1,431
31 years$35,074$24,831$17,220$11,737$7,889$1,201
32 years$33,609$23,495$16,066$10,786$7,136$1,009
33 years$32,235$22,250$15,001$9,919$6,458$847
34 years$30,945$21,088$14,016$9,126$5,847$712
35 years$29,732$20,002$13,104$8,401$5,296$598
36 years$28,588$18,985$12,259$7,737$4,798$502
37 years$27,509$18,031$11,474$7,129$4,349$422
38 years$26,489$17,136$10,745$6,571$3,943$354
39 years$25,524$16,295$10,067$6,059$3,575$298
40 years$24,609$15,503$9,436$5,588$3,243$250
41 years$23,741$14,757$8,848$5,156$2,942$210
42 years$22,917$14,054$8,299$4,758$2,670$177
43 years$22,133$13,391$7,788$4,392$2,423$148
44 years$21,387$12,764$7,310$4,056$2,199$125
45 years$20,676$12,172$6,864$3,745$1,997$105
46 years$19,997$11,612$6,447$3,460$1,813$88
47 years$19,350$11,081$6,057$3,196$1,646$74
48 years$18,732$10,578$5,692$2,954$1,495$62
49 years$18,140$10,102$5,350$2,730$1,358$52
50 years$17,574$9,650$5,030$2,523$1,233$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $18,000,000, adding $4,693 every year, while hoping to spend $44,495 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: 59/24/17 Blend
72$18,000,000$18,000,000$18,000,000$18,000,000
73$19,840,841$18,886,841$18,607,841$20,923,998
74$21,817,264$19,764,954$19,183,861$22,535,358
75$23,993,792$20,684,603$19,777,687$24,286,471
76$26,390,786$21,647,776$20,389,868$26,195,114
77$29,030,688$22,656,559$21,020,969$28,276,501
78$31,938,223$23,713,135$21,671,577$30,547,361
79$35,140,638$24,819,795$22,342,291$33,026,093
80$38,667,958$25,978,940$23,033,733$35,732,930
81$42,553,269$27,193,087$23,746,542$38,690,131
82$46,833,028$28,464,874$24,481,377$41,922,181
83$51,547,412$29,797,067$25,238,917$45,456,016
84$56,740,691$31,192,567$26,019,864$49,321,275
85$62,461,651$32,654,412$26,824,939$53,550,569
86$68,764,051$34,185,791$27,654,887$58,179,784
87$75,707,133$35,790,043$28,510,474$63,248,413
88$83,356,177$37,470,672$29,392,491$68,799,923
89$91,783,122$39,231,349$30,301,754$74,882,154
90$101,067,240$41,075,925$31,239,103$81,547,764
91$111,295,889$43,008,435$32,205,403$88,854,720
92$122,565,333$45,033,113$33,201,548$96,866,834
93$134,981,655$47,154,393$34,228,457$105,654,356
94$148,661,753$49,376,927$35,287,080$115,294,631
95$163,734,448$51,705,593$36,378,393$125,872,815
96$180,341,697$54,145,503$37,503,406$137,482,669
97$198,639,936$56,702,018$38,663,155$150,227,437
98$218,801,552$59,380,759$39,858,713$164,220,806
99$241,016,513$62,187,619$41,091,183$179,587,967
100$265,494,162$65,128,778$42,361,703$196,466,787