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%13.6%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,429,606
2 years$744,029$730,172$716,743$703,722$691,092$669,291
3 years$491,092$477,176$463,780$450,882$438,457$417,221
4 years$364,649$350,775$337,513$324,835$312,711$292,204
5 years$288,802$275,012$261,924$249,504$237,718$217,998
6 years$238,255$224,568$211,674$199,531$188,098$169,189
7 years$202,163$188,592$175,902$164,045$152,974$134,882
8 years$175,107$161,658$149,179$137,613$126,907$109,629
9 years$154,074$140,752$128,487$117,216$106,874$90,402
10 years$137,258$124,066$112,018$101,041$91,062$75,383
11 years$123,508$110,449$98,619$87,936$78,316$63,415
12 years$112,059$99,133$87,522$77,132$67,867$53,725
13 years$102,378$89,587$78,195$68,096$59,182$45,779
14 years$94,087$81,432$70,259$60,448$51,878$39,193
15 years$86,908$74,390$63,434$53,909$45,678$33,688
16 years$80,633$68,251$57,512$48,270$40,370$29,052
17 years$75,102$62,857$52,334$43,370$35,795$25,125
18 years$70,190$58,083$47,774$39,085$31,827$21,780
19 years$65,801$53,830$43,735$35,317$28,368$18,919
20 years$61,856$50,022$40,138$31,986$25,339$16,462
21 years$58,291$46,593$36,919$29,029$22,676$14,346
22 years$55,055$43,493$34,027$26,394$20,325$12,518
23 years$52,104$40,678$31,417$24,038$18,245$10,935
24 years$49,403$38,113$29,056$21,924$16,399$9,561
25 years$46,922$35,767$26,912$20,022$14,757$8,368
26 years$44,636$33,615$24,959$18,307$13,292$7,328
27 years$42,523$31,636$23,177$16,757$11,984$6,422
28 years$40,564$29,810$21,546$15,353$10,814$5,631
29 years$38,743$28,123$20,050$14,079$9,764$4,939
30 years$37,047$26,559$18,676$12,921$8,823$4,335
31 years$35,464$25,107$17,411$11,867$7,977$3,806
32 years$33,982$23,756$16,245$10,906$7,215$3,342
33 years$32,594$22,498$15,168$10,029$6,530$2,936
34 years$31,289$21,323$14,172$9,228$5,912$2,580
35 years$30,062$20,224$13,250$8,494$5,355$2,268
36 years$28,906$19,196$12,395$7,823$4,852$1,993
37 years$27,815$18,231$11,601$7,208$4,397$1,752
38 years$26,783$17,326$10,864$6,644$3,987$1,541
39 years$25,807$16,476$10,179$6,126$3,615$1,355
40 years$24,882$15,675$9,540$5,650$3,279$1,192
41 years$24,005$14,921$8,946$5,213$2,975$1,049
42 years$23,171$14,211$8,392$4,811$2,699$922
43 years$22,379$13,540$7,874$4,441$2,450$812
44 years$21,624$12,906$7,391$4,101$2,224$714
45 years$20,905$12,307$6,940$3,787$2,019$628
46 years$20,220$11,741$6,518$3,498$1,833$553
47 years$19,565$11,204$6,124$3,232$1,664$486
48 years$18,940$10,696$5,755$2,986$1,511$428
49 years$18,342$10,214$5,409$2,760$1,373$377
50 years$17,770$9,757$5,085$2,551$1,247$332

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 $4,873 every year, while hoping to spend $49,195 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: 23/47/30 Blend
72$18,200,000$18,200,000$18,200,000$18,200,000
73$20,061,426$19,096,826$18,814,726$20,333,299
74$22,055,349$19,980,228$19,392,677$21,456,659
75$24,251,003$20,905,267$19,988,340$22,654,020
76$26,668,912$21,873,933$20,602,256$23,934,886
77$29,331,694$22,888,308$21,234,985$25,306,189
78$32,264,271$23,950,579$21,887,100$26,775,502
79$35,494,103$25,063,034$22,559,195$28,351,097
80$39,051,453$26,228,074$23,251,880$30,042,019
81$42,969,667$27,448,215$23,965,783$31,858,153
82$47,285,490$28,726,095$24,701,554$33,810,316
83$52,039,413$30,064,477$25,459,859$35,910,341
84$57,276,057$31,466,261$26,241,389$38,171,178
85$63,044,591$32,934,483$27,046,851$40,607,009
86$69,399,196$34,472,329$27,876,977$43,233,363
87$76,399,578$36,083,138$28,732,520$46,067,254
88$84,111,532$37,770,408$29,614,256$49,127,322
89$92,607,560$39,537,810$30,522,985$52,434,003
90$101,967,557$41,389,189$31,459,531$56,009,697
91$112,279,565$43,328,577$32,424,744$59,878,973
92$123,640,605$45,360,201$33,419,497$64,068,775
93$136,157,590$47,488,494$34,444,693$68,608,667
94$149,948,335$49,718,101$35,501,261$73,531,089
95$165,142,670$52,053,892$36,590,158$78,871,646
96$181,883,664$54,500,975$37,712,370$84,669,425
97$200,328,978$57,064,703$38,868,915$90,967,340
98$220,652,349$59,750,689$40,060,839$97,812,520
99$243,045,234$62,564,818$41,289,221$105,256,726
100$267,718,612$65,513,258$42,555,175$113,356,821