Can I retire at age 73 with 18,600,000?

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,434,564
2 years$760,381$746,220$732,495$719,188$706,281$657,755
3 years$501,886$487,663$473,973$460,791$448,094$401,191
4 years$372,663$358,484$344,931$331,974$319,584$274,664
5 years$295,150$281,056$267,681$254,988$242,943$200,125
6 years$243,491$229,503$216,326$203,916$192,232$151,552
7 years$206,606$192,736$179,768$167,650$156,336$117,789
8 years$178,956$165,211$152,457$140,638$129,696$93,253
9 years$157,461$143,846$131,311$119,792$109,223$74,842
10 years$140,275$126,793$114,480$103,262$93,063$60,691
11 years$126,223$112,876$100,787$89,869$80,038$49,612
12 years$114,521$101,312$89,446$78,827$69,359$40,813
13 years$104,628$91,556$79,914$69,593$60,482$33,745
14 years$96,155$83,222$71,803$61,776$53,018$28,016
15 years$88,818$76,025$64,828$55,094$46,682$23,336
16 years$82,405$69,751$58,776$49,330$41,257$19,491
17 years$76,752$64,238$53,484$44,323$36,582$16,316
18 years$71,733$59,359$48,824$39,944$32,527$13,684
19 years$67,248$55,013$44,696$36,093$28,992$11,494
20 years$63,216$51,121$41,020$32,689$25,896$9,667
21 years$59,572$47,617$37,730$29,667$23,174$8,139
22 years$56,265$44,449$34,774$26,974$20,772$6,858
23 years$53,249$41,572$32,108$24,566$18,646$5,784
24 years$50,489$38,951$29,694$22,406$16,760$4,881
25 years$47,954$36,553$27,503$20,462$15,081$4,121
26 years$45,617$34,354$25,508$18,710$13,585$3,481
27 years$43,457$32,331$23,686$17,125$12,248$2,941
28 years$41,455$30,466$22,019$15,690$11,051$2,486
29 years$39,595$28,741$20,491$14,388$9,979$2,102
30 years$37,862$27,143$19,086$13,205$9,017$1,778
31 years$36,243$25,659$17,794$12,128$8,152$1,504
32 years$34,729$24,278$16,602$11,146$7,374$1,272
33 years$33,310$22,992$15,501$10,249$6,673$1,076
34 years$31,977$21,791$14,483$9,430$6,042$911
35 years$30,723$20,669$13,541$8,681$5,473$771
36 years$29,541$19,618$12,667$7,995$4,958$652
37 years$28,426$18,632$11,856$7,366$4,494$552
38 years$27,372$17,707$11,103$6,790$4,074$467
39 years$26,374$16,838$10,402$6,261$3,695$396
40 years$25,429$16,020$9,750$5,774$3,351$335
41 years$24,532$15,249$9,142$5,328$3,040$284
42 years$23,681$14,523$8,576$4,917$2,759$240
43 years$22,871$13,837$8,047$4,539$2,504$203
44 years$22,099$13,190$7,554$4,191$2,273$172
45 years$21,365$12,578$7,093$3,870$2,063$146
46 years$20,664$11,999$6,662$3,575$1,873$123
47 years$19,995$11,450$6,259$3,303$1,701$104
48 years$19,356$10,931$5,881$3,052$1,545$88
49 years$18,745$10,439$5,528$2,821$1,403$75
50 years$18,160$9,971$5,197$2,607$1,274$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $18,600,000, adding $5,957 every year, while hoping to spend $48,611 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: 64/19/17 Blend
72$18,600,000$18,600,000$18,600,000$18,600,000
73$20,503,345$19,517,545$19,229,245$21,728,630
74$22,542,964$20,422,183$19,821,703$23,456,173
75$24,788,995$21,369,519$20,432,379$25,336,492
76$27,262,441$22,361,593$21,061,832$27,389,421
77$29,986,445$23,400,547$21,710,638$29,631,811
78$32,986,510$24,488,620$22,379,391$32,082,201
79$36,290,736$25,628,165$23,068,704$34,760,985
80$39,930,091$26,821,645$23,779,205$37,690,606
81$43,938,698$28,071,643$24,511,546$40,895,760
82$48,354,159$29,380,867$25,266,396$44,403,623
83$53,217,908$30,752,155$26,044,445$48,244,106
84$58,575,606$32,188,482$26,846,406$52,450,131
85$64,477,567$33,692,967$27,673,010$57,057,934
86$70,979,237$35,268,880$28,525,014$62,107,404
87$78,141,714$36,919,650$29,403,196$67,642,453
88$86,032,325$38,648,869$30,308,359$73,711,422
89$94,725,263$40,460,304$31,241,330$80,367,534
90$104,302,286$42,357,906$32,202,961$87,669,390
91$114,853,490$44,345,814$33,194,131$95,681,512
92$126,478,156$46,428,369$34,215,745$104,474,944
93$139,285,691$48,610,122$35,268,735$114,127,922
94$153,396,658$50,895,844$36,354,064$124,726,594
95$168,943,913$53,290,537$37,472,722$136,365,834
96$186,073,864$55,799,445$38,625,729$149,150,125
97$204,947,846$58,428,066$39,814,140$163,194,534
98$225,743,650$61,182,164$41,039,037$178,625,793
99$248,657,196$64,067,784$42,301,538$195,583,483
100$273,904,386$67,091,262$43,602,796$214,221,339