Can I retire at age 73 with 18,400,000?

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 $18,400,000?

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$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,435,271
2 years$752,205$738,196$724,619$711,455$698,687$666,638
3 years$496,489$482,419$468,877$455,836$443,275$412,149
4 years$368,656$354,629$341,222$328,404$316,148$286,183
5 years$291,976$278,034$264,802$252,246$240,331$211,612
6 years$240,873$227,035$214,000$201,723$190,165$162,724
7 years$204,385$190,664$177,835$165,848$154,655$128,496
8 years$177,031$163,434$150,818$139,126$128,302$103,415
9 years$155,768$142,299$129,899$118,504$108,048$84,417
10 years$138,767$125,430$113,249$102,152$92,063$69,661
11 years$124,866$111,663$99,703$88,903$79,177$57,977
12 years$113,290$100,222$88,484$77,980$68,613$48,582
13 years$103,503$90,572$79,054$68,844$59,832$40,933
14 years$95,121$82,327$71,031$61,112$52,448$34,645
15 years$87,863$75,207$64,131$54,501$46,180$29,431
16 years$81,519$69,001$58,144$48,800$40,814$25,080
17 years$75,927$63,548$52,909$43,846$36,188$21,427
18 years$70,962$58,721$48,299$39,514$32,177$18,346
19 years$66,524$54,422$44,216$35,705$28,680$15,737
20 years$62,536$50,571$40,579$32,337$25,617$13,520
21 years$58,932$47,105$37,325$29,348$22,925$11,631
22 years$55,660$43,971$34,400$26,684$20,549$10,017
23 years$52,677$41,125$31,763$24,302$18,446$8,636
24 years$49,946$38,532$29,375$22,165$16,580$7,451
25 years$47,438$36,160$27,207$20,242$14,919$6,433
26 years$45,127$33,985$25,233$18,508$13,439$5,558
27 years$42,990$31,984$23,431$16,941$12,116$4,804
28 years$41,010$30,138$21,783$15,522$10,932$4,155
29 years$39,169$28,432$20,270$14,234$9,872$3,594
30 years$37,454$26,851$18,881$13,063$8,920$3,111
31 years$35,854$25,383$17,602$11,997$8,064$2,693
32 years$34,356$24,017$16,423$11,026$7,295$2,332
33 years$32,952$22,745$15,335$10,139$6,602$2,019
34 years$31,633$21,557$14,328$9,329$5,977$1,749
35 years$30,392$20,446$13,395$8,588$5,414$1,516
36 years$29,223$19,407$12,531$7,909$4,905$1,313
37 years$28,120$18,432$11,729$7,287$4,446$1,138
38 years$27,078$17,517$10,984$6,717$4,030$986
39 years$26,091$16,657$10,290$6,193$3,655$855
40 years$25,156$15,848$9,645$5,712$3,315$741
41 years$24,269$15,085$9,044$5,270$3,008$643
42 years$23,426$14,367$8,484$4,864$2,729$557
43 years$22,625$13,689$7,961$4,490$2,477$483
44 years$21,862$13,048$7,473$4,146$2,248$419
45 years$21,135$12,443$7,017$3,829$2,041$363
46 years$20,442$11,870$6,590$3,537$1,853$315
47 years$19,780$11,327$6,191$3,267$1,683$273
48 years$19,148$10,813$5,818$3,019$1,528$237
49 years$18,543$10,326$5,469$2,790$1,388$205
50 years$17,965$9,864$5,141$2,579$1,261$178

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $18,400,000, adding $3,631 every year, while hoping to spend $39,770 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: 40/38/22 Blend
72$18,400,000$18,400,000$18,400,000$18,400,000
73$20,280,545$19,305,345$19,020,145$20,959,521
74$22,306,846$20,208,992$19,615,005$22,351,256
75$24,538,496$21,155,585$20,228,460$23,851,869
76$26,996,400$22,147,186$20,861,091$25,474,518
77$29,703,592$23,185,957$21,513,496$27,230,355
78$32,685,455$24,274,165$22,186,294$29,131,613
79$35,969,958$25,414,186$22,880,122$31,191,714
80$39,587,924$26,608,512$23,595,637$33,425,386
81$43,573,318$27,859,754$24,333,516$35,848,797
82$47,963,565$29,170,651$25,094,458$38,479,693
83$52,799,909$30,544,074$25,879,183$41,337,565
84$58,127,799$31,983,032$26,688,434$44,443,813
85$63,997,315$33,490,681$27,522,978$47,821,947
86$70,463,648$35,070,331$28,383,603$51,497,792
87$77,587,612$36,725,449$29,271,126$55,499,724
88$85,436,226$38,459,674$30,186,387$59,858,925
89$94,083,340$40,276,818$31,130,250$64,609,667
90$103,610,338$42,180,879$32,103,611$69,789,619
91$114,106,901$44,176,050$33,107,390$75,440,194
92$125,671,855$46,266,726$34,142,537$81,606,924
93$138,414,104$48,457,516$35,210,032$88,339,872
94$152,453,660$50,753,251$36,310,886$95,694,096
95$167,922,772$53,159,000$37,446,139$103,730,148
96$184,967,177$55,680,073$38,616,867$112,514,631
97$203,747,474$58,322,042$39,824,178$122,120,810
98$224,440,642$61,090,747$41,069,213$132,629,285
99$247,241,707$63,992,313$42,353,150$144,128,732
100$272,365,586$67,033,161$43,677,206$156,716,725