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%11.1%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,452,508
2 years$748,117$734,184$720,681$707,589$694,889$688,066
3 years$493,791$479,798$466,328$453,359$440,866$434,191
4 years$366,652$352,702$339,368$326,620$314,430$307,953
5 years$290,389$276,523$263,363$250,875$239,024$232,766
6 years$239,564$225,802$212,837$200,627$189,132$183,100
7 years$203,274$189,628$176,868$164,946$153,815$148,013
8 years$176,069$162,546$149,998$138,369$127,604$122,032
9 years$154,921$141,526$129,193$117,860$107,461$102,117
10 years$138,012$124,748$112,634$101,597$91,562$86,445
11 years$124,187$111,056$99,161$88,419$78,747$73,852
12 years$112,674$99,678$88,003$77,556$68,240$63,564
13 years$102,940$90,079$78,625$68,470$59,507$55,045
14 years$94,604$81,880$70,645$60,780$52,163$47,912
15 years$87,386$74,799$63,783$54,205$45,929$41,881
16 years$81,076$68,626$57,828$48,535$40,592$36,743
17 years$75,514$63,202$52,621$43,608$35,992$32,336
18 years$70,576$58,402$48,037$39,300$32,002$28,534
19 years$66,163$54,126$43,975$35,511$28,524$25,237
20 years$62,196$50,297$40,358$32,162$25,478$22,365
21 years$58,611$46,849$37,122$29,189$22,800$19,856
22 years$55,357$43,732$34,214$26,539$20,437$17,655
23 years$52,390$40,902$31,590$24,170$18,346$15,719
24 years$49,675$38,322$29,216$22,044$16,489$14,012
25 years$47,180$35,964$27,059$20,132$14,838$12,503
26 years$44,881$33,800$25,096$18,408$13,365$11,168
27 years$42,756$31,810$23,304$16,849$12,050$9,983
28 years$40,787$29,974$21,664$15,437$10,873$8,930
29 years$38,956$28,277$20,160$14,156$9,818$7,994
30 years$37,251$26,705$18,779$12,992$8,871$7,160
31 years$35,659$25,245$17,507$11,932$8,020$6,416
32 years$34,169$23,887$16,334$10,966$7,255$5,752
33 years$32,773$22,621$15,251$10,084$6,566$5,159
34 years$31,461$21,440$14,250$9,278$5,945$4,629
35 years$30,227$20,335$13,323$8,541$5,384$4,154
36 years$29,065$19,301$12,463$7,866$4,878$3,730
37 years$27,967$18,332$11,665$7,248$4,421$3,349
38 years$26,930$17,422$10,924$6,680$4,008$3,008
39 years$25,949$16,566$10,235$6,160$3,635$2,703
40 years$25,019$15,761$9,593$5,681$3,297$2,429
41 years$24,137$15,003$8,995$5,242$2,991$2,183
42 years$23,299$14,289$8,438$4,838$2,714$1,962
43 years$22,502$13,614$7,918$4,466$2,463$1,764
44 years$21,743$12,977$7,432$4,123$2,236$1,586
45 years$21,020$12,375$6,978$3,808$2,030$1,426
46 years$20,331$11,805$6,554$3,517$1,843$1,282
47 years$19,673$11,266$6,158$3,250$1,674$1,153
48 years$19,044$10,755$5,786$3,003$1,520$1,037
49 years$18,443$10,270$5,439$2,775$1,380$933
50 years$17,867$9,810$5,113$2,565$1,254$839

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 $4,118 every year, while hoping to spend $58,334 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: 57/14/29 Blend
72$18,300,000$18,300,000$18,300,000$18,300,000
73$20,170,848$19,200,948$18,917,298$21,159,448
74$22,166,207$20,079,727$19,488,960$22,718,161
75$24,363,138$20,999,612$20,077,818$24,409,871
76$26,782,140$21,962,554$20,684,387$26,252,709
77$29,445,799$22,970,600$21,309,195$28,261,321
78$32,379,006$24,025,895$21,952,788$30,451,821
79$35,609,186$25,130,686$22,615,728$32,841,935
80$39,166,562$26,287,328$23,298,594$35,451,165
81$43,084,436$27,498,291$24,001,981$38,300,972
82$47,399,503$28,766,162$24,726,502$41,414,969
83$52,152,201$30,093,654$25,472,789$44,819,145
84$57,387,090$31,483,607$26,241,492$48,542,102
85$63,153,272$32,939,002$27,033,280$52,615,321
86$69,504,854$34,462,962$27,848,844$57,073,454
87$76,501,461$36,058,759$28,688,892$61,954,649
88$84,208,796$37,729,824$29,554,156$67,300,898
89$92,699,261$39,479,753$30,445,388$73,158,434
90$102,052,640$41,312,315$31,363,363$79,578,159
91$112,356,853$43,231,462$32,308,879$86,616,118
92$123,708,783$45,241,335$33,282,757$94,334,023
93$136,215,193$47,346,274$34,285,843$102,799,826
94$149,993,732$49,550,831$35,319,009$112,088,357
95$165,174,047$51,859,776$36,383,150$122,282,023
96$181,899,004$54,278,109$37,479,189$133,471,573
97$200,326,038$56,811,073$38,608,078$145,756,956
98$220,628,640$59,464,162$39,770,795$159,248,247
99$242,997,992$62,243,136$40,968,348$174,066,684
100$267,644,773$65,154,035$42,201,773$190,345,800