Can I retire at age 73 with 18,200,000?

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 $18,200,000?

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%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,398,133
2 years$744,029$730,172$716,743$703,722$691,092$638,125
3 years$491,092$477,176$463,780$450,882$438,457$387,350
4 years$364,649$350,775$337,513$324,835$312,711$263,854
5 years$288,802$275,012$261,924$249,504$237,718$191,237
6 years$238,255$224,568$211,674$199,531$188,098$144,028
7 years$202,163$188,592$175,902$164,045$152,974$111,303
8 years$175,107$161,658$149,179$137,613$126,907$87,598
9 years$154,074$140,752$128,487$117,216$106,874$69,874
10 years$137,258$124,066$112,018$101,041$91,062$56,306
11 years$123,508$110,449$98,619$87,936$78,316$45,730
12 years$112,059$99,133$87,522$77,132$67,867$37,370
13 years$102,378$89,587$78,195$68,096$59,182$30,688
14 years$94,087$81,432$70,259$60,448$51,878$25,301
15 years$86,908$74,390$63,434$53,909$45,678$20,925
16 years$80,633$68,251$57,512$48,270$40,370$17,351
17 years$75,102$62,857$52,334$43,370$35,795$14,418
18 years$70,190$58,083$47,774$39,085$31,827$12,002
19 years$65,801$53,830$43,735$35,317$28,368$10,005
20 years$61,856$50,022$40,138$31,986$25,339$8,351
21 years$58,291$46,593$36,919$29,029$22,676$6,976
22 years$55,055$43,493$34,027$26,394$20,325$5,833
23 years$52,104$40,678$31,417$24,038$18,245$4,881
24 years$49,403$38,113$29,056$21,924$16,399$4,086
25 years$46,922$35,767$26,912$20,022$14,757$3,422
26 years$44,636$33,615$24,959$18,307$13,292$2,868
27 years$42,523$31,636$23,177$16,757$11,984$2,404
28 years$40,564$29,810$21,546$15,353$10,814$2,015
29 years$38,743$28,123$20,050$14,079$9,764$1,690
30 years$37,047$26,559$18,676$12,921$8,823$1,418
31 years$35,464$25,107$17,411$11,867$7,977$1,189
32 years$33,982$23,756$16,245$10,906$7,215$998
33 years$32,594$22,498$15,168$10,029$6,530$837
34 years$31,289$21,323$14,172$9,228$5,912$703
35 years$30,062$20,224$13,250$8,494$5,355$590
36 years$28,906$19,196$12,395$7,823$4,852$495
37 years$27,815$18,231$11,601$7,208$4,397$415
38 years$26,783$17,326$10,864$6,644$3,987$349
39 years$25,807$16,476$10,179$6,126$3,615$293
40 years$24,882$15,675$9,540$5,650$3,279$246
41 years$24,005$14,921$8,946$5,213$2,975$206
42 years$23,171$14,211$8,392$4,811$2,699$173
43 years$22,379$13,540$7,874$4,441$2,450$145
44 years$21,624$12,906$7,391$4,101$2,224$122
45 years$20,905$12,307$6,940$3,787$2,019$102
46 years$20,220$11,741$6,518$3,498$1,833$86
47 years$19,565$11,204$6,124$3,232$1,664$72
48 years$18,940$10,696$5,755$2,986$1,511$61
49 years$18,342$10,214$5,409$2,760$1,373$51
50 years$17,770$9,757$5,085$2,551$1,247$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $18,200,000, adding $3,980 every year, while hoping to spend $46,264 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: 52/23/25 Blend
72$18,200,000$18,200,000$18,200,000$18,200,000
73$20,060,505$19,095,905$18,813,805$20,963,460
74$22,057,452$19,982,380$19,394,843$22,475,672
75$24,256,537$20,910,742$19,993,795$24,114,688
76$26,678,330$21,882,994$20,611,213$25,896,689
77$29,345,495$22,901,236$21,247,664$27,835,316
78$32,283,009$23,967,670$21,903,735$29,945,564
79$35,518,395$25,084,605$22,580,029$32,243,917
80$39,081,979$26,254,458$23,277,168$34,748,498
81$43,007,181$27,479,767$23,995,793$37,479,237
82$47,330,827$28,763,189$24,736,566$40,458,047
83$52,093,498$30,107,512$25,500,167$43,709,033
84$57,339,911$31,515,656$26,287,299$47,258,705
85$63,119,345$32,990,686$27,098,686$51,136,227
86$69,486,099$34,535,811$27,935,073$55,373,685
87$76,500,013$36,154,397$28,797,229$60,006,377
88$84,227,025$37,849,973$29,685,948$65,073,147
89$92,739,799$39,626,239$30,602,044$70,616,737
90$102,118,406$41,487,073$31,546,361$76,684,185
91$112,451,085$43,436,541$32,519,765$83,327,260
92$123,835,070$45,478,906$33,523,152$90,602,942
93$136,377,512$47,618,637$34,557,442$98,573,947
94$150,196,488$49,860,420$35,623,586$107,309,316
95$165,422,116$52,209,167$36,722,562$116,885,049
96$182,197,784$54,670,028$37,855,380$127,384,818
97$200,681,502$57,248,404$39,023,080$138,900,740
98$221,047,395$59,949,956$40,226,733$151,534,239
99$243,487,346$62,780,619$41,467,445$165,396,988
100$268,212,804$65,746,619$42,746,353$180,611,955