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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.3%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,427,471
2 years$748,117$734,184$720,681$707,589$694,889$663,015
3 years$493,791$479,798$466,328$453,359$440,866$409,909
4 years$366,652$352,702$339,368$326,620$314,430$284,628
5 years$290,389$276,523$263,363$250,875$239,024$210,462
6 years$239,564$225,802$212,837$200,627$189,132$161,840
7 years$203,274$189,628$176,868$164,946$153,815$127,798
8 years$176,069$162,546$149,998$138,369$127,604$102,853
9 years$154,921$141,526$129,193$117,860$107,461$83,958
10 years$138,012$124,748$112,634$101,597$91,562$69,283
11 years$124,187$111,056$99,161$88,419$78,747$57,662
12 years$112,674$99,678$88,003$77,556$68,240$48,318
13 years$102,940$90,079$78,625$68,470$59,507$40,711
14 years$94,604$81,880$70,645$60,780$52,163$34,456
15 years$87,386$74,799$63,783$54,205$45,929$29,271
16 years$81,076$68,626$57,828$48,535$40,592$24,943
17 years$75,514$63,202$52,621$43,608$35,992$21,311
18 years$70,576$58,402$48,037$39,300$32,002$18,246
19 years$66,163$54,126$43,975$35,511$28,524$15,652
20 years$62,196$50,297$40,358$32,162$25,478$13,447
21 years$58,611$46,849$37,122$29,189$22,800$11,568
22 years$55,357$43,732$34,214$26,539$20,437$9,963
23 years$52,390$40,902$31,590$24,170$18,346$8,589
24 years$49,675$38,322$29,216$22,044$16,489$7,410
25 years$47,180$35,964$27,059$20,132$14,838$6,398
26 years$44,881$33,800$25,096$18,408$13,365$5,528
27 years$42,756$31,810$23,304$16,849$12,050$4,778
28 years$40,787$29,974$21,664$15,437$10,873$4,132
29 years$38,956$28,277$20,160$14,156$9,818$3,575
30 years$37,251$26,705$18,779$12,992$8,871$3,094
31 years$35,659$25,245$17,507$11,932$8,020$2,678
32 years$34,169$23,887$16,334$10,966$7,255$2,319
33 years$32,773$22,621$15,251$10,084$6,566$2,008
34 years$31,461$21,440$14,250$9,278$5,945$1,740
35 years$30,227$20,335$13,323$8,541$5,384$1,507
36 years$29,065$19,301$12,463$7,866$4,878$1,306
37 years$27,967$18,332$11,665$7,248$4,421$1,132
38 years$26,930$17,422$10,924$6,680$4,008$981
39 years$25,949$16,566$10,235$6,160$3,635$850
40 years$25,019$15,761$9,593$5,681$3,297$737
41 years$24,137$15,003$8,995$5,242$2,991$639
42 years$23,299$14,289$8,438$4,838$2,714$554
43 years$22,502$13,614$7,918$4,466$2,463$480
44 years$21,743$12,977$7,432$4,123$2,236$416
45 years$21,020$12,375$6,978$3,808$2,030$361
46 years$20,331$11,805$6,554$3,517$1,843$313
47 years$19,673$11,266$6,158$3,250$1,674$272
48 years$19,044$10,755$5,786$3,003$1,520$235
49 years$18,443$10,270$5,439$2,775$1,380$204
50 years$17,867$9,810$5,113$2,565$1,254$177

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 $5,256 every year, while hoping to spend $23,316 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: 63/32/5 Blend
72$18,300,000$18,300,000$18,300,000$18,300,000
73$20,172,022$19,202,122$18,918,472$21,427,565
74$22,204,760$20,118,217$19,527,432$23,180,264
75$24,444,056$21,078,421$20,156,012$25,089,785
76$26,910,954$22,084,868$20,804,843$27,173,892
77$29,628,644$23,139,799$21,474,578$29,449,471
78$32,622,681$24,245,565$22,165,892$31,935,088
79$35,921,225$25,404,628$22,879,480$34,651,157
80$39,555,308$26,619,573$23,616,060$37,620,125
81$43,559,127$27,893,109$24,376,375$40,866,683
82$47,970,363$29,228,077$25,161,190$44,417,985
83$52,830,545$30,627,457$25,971,294$48,303,902
84$58,185,432$32,094,374$26,807,503$52,557,296
85$64,085,452$33,632,104$27,670,661$57,214,320
86$70,586,174$35,244,084$28,561,634$62,314,751
87$77,748,837$36,933,917$29,481,322$67,902,362
88$85,640,921$38,705,382$30,430,649$74,025,318
89$94,336,792$40,562,442$31,410,573$80,736,627
90$103,918,398$42,509,255$32,422,080$88,094,630
91$114,476,043$44,550,177$33,466,188$96,163,537
92$126,109,245$46,689,781$34,543,951$105,014,027
93$138,927,667$48,932,859$35,656,453$114,723,901
94$153,052,160$51,284,440$36,804,814$125,378,807
95$168,615,898$53,749,795$37,990,193$137,073,031
96$185,765,638$56,334,454$39,213,783$149,910,379
97$204,663,106$59,044,215$40,476,818$164,005,141
98$225,486,521$61,885,159$41,780,569$179,483,155
99$248,432,279$64,863,665$43,126,351$196,482,979
100$273,716,807$67,986,421$44,515,520$215,157,187