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

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,471,993
2 years$760,381$746,220$732,495$719,188$706,281$694,992
3 years$501,886$487,663$473,973$460,791$448,094$437,062
4 years$372,663$358,484$344,931$331,974$319,584$308,896
5 years$295,150$281,056$267,681$254,988$242,943$232,629
6 years$243,491$229,503$216,326$203,916$192,232$182,306
7 years$206,606$192,736$179,768$167,650$156,336$146,802
8 years$178,956$165,211$152,457$140,638$129,696$120,554
9 years$157,461$143,846$131,311$119,792$109,223$100,470
10 years$140,275$126,793$114,480$103,262$93,063$84,695
11 years$126,223$112,876$100,787$89,869$80,038$72,048
12 years$114,521$101,312$89,446$78,827$69,359$61,741
13 years$104,628$91,556$79,914$69,593$60,482$53,227
14 years$96,155$83,222$71,803$61,776$53,018$46,118
15 years$88,818$76,025$64,828$55,094$46,682$40,126
16 years$82,405$69,751$58,776$49,330$41,257$35,036
17 years$76,752$64,238$53,484$44,323$36,582$30,685
18 years$71,733$59,359$48,824$39,944$32,527$26,944
19 years$67,248$55,013$44,696$36,093$28,992$23,712
20 years$63,216$51,121$41,020$32,689$25,896$20,908
21 years$59,572$47,617$37,730$29,667$23,174$18,467
22 years$56,265$44,449$34,774$26,974$20,772$16,334
23 years$53,249$41,572$32,108$24,566$18,646$14,467
24 years$50,489$38,951$29,694$22,406$16,760$12,827
25 years$47,954$36,553$27,503$20,462$15,081$11,384
26 years$45,617$34,354$25,508$18,710$13,585$10,113
27 years$43,457$32,331$23,686$17,125$12,248$8,990
28 years$41,455$30,466$22,019$15,690$11,051$7,998
29 years$39,595$28,741$20,491$14,388$9,979$7,119
30 years$37,862$27,143$19,086$13,205$9,017$6,340
31 years$36,243$25,659$17,794$12,128$8,152$5,649
32 years$34,729$24,278$16,602$11,146$7,374$5,036
33 years$33,310$22,992$15,501$10,249$6,673$4,490
34 years$31,977$21,791$14,483$9,430$6,042$4,006
35 years$30,723$20,669$13,541$8,681$5,473$3,574
36 years$29,541$19,618$12,667$7,995$4,958$3,190
37 years$28,426$18,632$11,856$7,366$4,494$2,848
38 years$27,372$17,707$11,103$6,790$4,074$2,543
39 years$26,374$16,838$10,402$6,261$3,695$2,271
40 years$25,429$16,020$9,750$5,774$3,351$2,028
41 years$24,532$15,249$9,142$5,328$3,040$1,812
42 years$23,681$14,523$8,576$4,917$2,759$1,619
43 years$22,871$13,837$8,047$4,539$2,504$1,447
44 years$22,099$13,190$7,554$4,191$2,273$1,293
45 years$21,365$12,578$7,093$3,870$2,063$1,156
46 years$20,664$11,999$6,662$3,575$1,873$1,033
47 years$19,995$11,450$6,259$3,303$1,701$923
48 years$19,356$10,931$5,881$3,052$1,545$825
49 years$18,745$10,439$5,528$2,821$1,403$738
50 years$18,160$9,971$5,197$2,607$1,274$660

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 $3,466 every year, while hoping to spend $20,283 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: 51/41/8 Blend
72$18,600,000$18,600,000$18,600,000$18,600,000
73$20,500,775$19,514,975$19,226,675$21,504,435
74$22,570,273$20,449,628$19,849,188$23,122,870
75$24,850,180$21,429,399$20,491,875$24,878,802
76$27,361,937$22,456,478$21,155,391$26,787,107
77$30,129,169$23,533,160$21,840,411$28,862,109
78$33,177,913$24,661,853$22,547,633$31,119,533
79$36,536,859$25,845,083$23,277,778$33,576,649
80$40,237,624$27,085,497$24,031,589$36,252,427
81$44,315,048$28,385,873$24,809,834$39,167,706
82$48,807,525$29,749,123$25,613,305$42,345,382
83$53,757,363$31,178,300$26,442,821$45,810,614
84$59,211,186$32,676,609$27,299,227$49,591,054
85$65,220,372$34,247,407$28,183,396$53,717,094
86$71,841,538$35,894,219$29,096,229$58,222,144
87$79,137,077$37,620,738$30,038,655$63,142,935
88$87,175,744$39,430,839$31,011,635$68,519,855
89$96,033,306$41,328,586$32,016,160$74,397,316
90$105,793,256$43,318,240$33,053,255$80,824,162
91$116,547,605$45,404,270$34,123,975$87,854,112
92$128,397,745$47,591,364$35,229,413$95,546,259
93$141,455,412$49,884,438$36,370,695$103,965,607
94$155,843,735$52,288,646$37,548,985$113,183,671
95$171,698,403$54,809,397$38,765,483$123,279,136
96$189,168,944$57,452,361$40,021,430$134,338,581
97$208,420,134$60,223,485$41,318,106$146,457,278
98$229,633,559$63,129,007$42,656,834$159,740,072
99$253,009,322$66,175,469$44,038,978$174,302,354
100$278,767,937$69,369,731$45,465,948$190,271,123