Can I retire at age 73 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,410,299
2 years$748,117$734,184$720,681$707,589$694,889$646,037
3 years$493,791$479,798$466,328$453,359$440,866$393,664
4 years$366,652$352,702$339,368$326,620$314,430$269,239
5 years$290,389$276,523$263,363$250,875$239,024$195,966
6 years$239,564$225,802$212,837$200,627$189,132$148,240
7 years$203,274$189,628$176,868$164,946$153,815$115,083
8 years$176,069$162,546$149,998$138,369$127,604$91,003
9 years$154,921$141,526$129,193$117,860$107,461$72,947
10 years$138,012$124,748$112,634$101,597$91,562$59,079
11 years$124,187$111,056$99,161$88,419$78,747$48,232
12 years$112,674$99,678$88,003$77,556$68,240$39,626
13 years$102,940$90,079$78,625$68,470$59,507$32,719
14 years$94,604$81,880$70,645$60,780$52,163$27,126
15 years$87,386$74,799$63,783$54,205$45,929$22,563
16 years$81,076$68,626$57,828$48,535$40,592$18,818
17 years$75,514$63,202$52,621$43,608$35,992$15,730
18 years$70,576$58,402$48,037$39,300$32,002$13,172
19 years$66,163$54,126$43,975$35,511$28,524$11,047
20 years$62,196$50,297$40,358$32,162$25,478$9,277
21 years$58,611$46,849$37,122$29,189$22,800$7,799
22 years$55,357$43,732$34,214$26,539$20,437$6,561
23 years$52,390$40,902$31,590$24,170$18,346$5,525
24 years$49,675$38,322$29,216$22,044$16,489$4,655
25 years$47,180$35,964$27,059$20,132$14,838$3,924
26 years$44,881$33,800$25,096$18,408$13,365$3,309
27 years$42,756$31,810$23,304$16,849$12,050$2,792
28 years$40,787$29,974$21,664$15,437$10,873$2,356
29 years$38,956$28,277$20,160$14,156$9,818$1,989
30 years$37,251$26,705$18,779$12,992$8,871$1,679
31 years$35,659$25,245$17,507$11,932$8,020$1,418
32 years$34,169$23,887$16,334$10,966$7,255$1,197
33 years$32,773$22,621$15,251$10,084$6,566$1,011
34 years$31,461$21,440$14,250$9,278$5,945$855
35 years$30,227$20,335$13,323$8,541$5,384$722
36 years$29,065$19,301$12,463$7,866$4,878$610
37 years$27,967$18,332$11,665$7,248$4,421$515
38 years$26,930$17,422$10,924$6,680$4,008$436
39 years$25,949$16,566$10,235$6,160$3,635$368
40 years$25,019$15,761$9,593$5,681$3,297$311
41 years$24,137$15,003$8,995$5,242$2,991$263
42 years$23,299$14,289$8,438$4,838$2,714$222
43 years$22,502$13,614$7,918$4,466$2,463$188
44 years$21,743$12,977$7,432$4,123$2,236$159
45 years$21,020$12,375$6,978$3,808$2,030$134
46 years$20,331$11,805$6,554$3,517$1,843$113
47 years$19,673$11,266$6,158$3,250$1,674$96
48 years$19,044$10,755$5,786$3,003$1,520$81
49 years$18,443$10,270$5,439$2,775$1,380$68
50 years$17,867$9,810$5,113$2,565$1,254$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $18,300,000, adding $5,422 every year, while hoping to spend $45,564 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: 52/31/17 Blend
72$18,300,000$18,300,000$18,300,000$18,300,000
73$20,172,193$19,202,293$18,918,643$21,127,364
74$22,181,277$20,094,725$19,503,938$22,675,691
75$24,393,760$21,029,360$20,107,313$24,353,589
76$26,830,342$22,008,217$20,729,326$26,177,563
77$29,513,829$23,033,412$21,370,551$28,161,472
78$32,469,357$24,107,167$22,031,582$30,320,546
79$35,724,620$25,231,806$22,713,028$32,671,518
80$39,310,136$26,409,770$23,415,519$35,232,780
81$43,259,536$27,643,614$24,139,705$38,024,549
82$47,609,876$28,936,019$24,886,253$41,069,051
83$52,401,995$30,289,795$25,655,853$44,390,720
84$57,680,890$31,707,887$26,449,217$48,016,427
85$63,496,151$33,193,383$27,267,075$51,975,721
86$69,902,420$34,749,521$28,110,184$56,301,098
87$76,959,913$36,379,694$28,979,322$61,028,307
88$84,734,985$38,087,460$29,875,290$66,196,668
89$93,300,757$39,876,548$30,798,915$71,849,443
90$102,737,806$41,750,871$31,751,050$78,034,225
91$113,134,925$43,714,527$32,732,574$84,803,386
92$124,589,964$45,771,815$33,744,391$92,214,553
93$137,210,747$47,927,241$34,787,435$100,331,145
94$151,116,098$50,185,530$35,862,669$109,222,957
95$166,436,954$52,551,635$36,971,083$118,966,807
96$183,317,609$55,030,751$38,113,700$129,647,250
97$201,917,070$57,628,322$39,291,573$141,357,359
98$222,410,559$60,350,058$40,505,789$154,199,591
99$244,991,169$63,201,944$41,757,466$168,286,740
100$269,871,686$66,190,257$43,047,758$183,742,983