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%13.8%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,459,821
2 years$760,381$746,220$732,495$719,188$706,281$682,797
3 years$501,886$487,663$473,973$460,791$448,094$425,226
4 years$372,663$358,484$344,931$331,974$319,584$297,510
5 years$295,150$281,056$267,681$254,988$242,943$221,724
6 years$243,491$229,503$216,326$203,916$192,232$171,895
7 years$206,606$192,736$179,768$167,650$156,336$136,886
8 years$178,956$165,211$152,457$140,638$129,696$111,130
9 years$157,461$143,846$131,311$119,792$109,223$91,531
10 years$140,275$126,793$114,480$103,262$93,063$76,231
11 years$126,223$112,876$100,787$89,869$80,038$64,048
12 years$114,521$101,312$89,446$78,827$69,359$54,192
13 years$104,628$91,556$79,914$69,593$60,482$46,116
14 years$96,155$83,222$71,803$61,776$53,018$39,429
15 years$88,818$76,025$64,828$55,094$46,682$33,844
16 years$82,405$69,751$58,776$49,330$41,257$29,147
17 years$76,752$64,238$53,484$44,323$36,582$25,170
18 years$71,733$59,359$48,824$39,944$32,527$21,788
19 years$67,248$55,013$44,696$36,093$28,992$18,898
20 years$63,216$51,121$41,020$32,689$25,896$16,420
21 years$59,572$47,617$37,730$29,667$23,174$14,287
22 years$56,265$44,449$34,774$26,974$20,772$12,448
23 years$53,249$41,572$32,108$24,566$18,646$10,857
24 years$50,489$38,951$29,694$22,406$16,760$9,478
25 years$47,954$36,553$27,503$20,462$15,081$8,282
26 years$45,617$34,354$25,508$18,710$13,585$7,241
27 years$43,457$32,331$23,686$17,125$12,248$6,336
28 years$41,455$30,466$22,019$15,690$11,051$5,546
29 years$39,595$28,741$20,491$14,388$9,979$4,857
30 years$37,862$27,143$19,086$13,205$9,017$4,256
31 years$36,243$25,659$17,794$12,128$8,152$3,730
32 years$34,729$24,278$16,602$11,146$7,374$3,271
33 years$33,310$22,992$15,501$10,249$6,673$2,868
34 years$31,977$21,791$14,483$9,430$6,042$2,516
35 years$30,723$20,669$13,541$8,681$5,473$2,208
36 years$29,541$19,618$12,667$7,995$4,958$1,937
37 years$28,426$18,632$11,856$7,366$4,494$1,700
38 years$27,372$17,707$11,103$6,790$4,074$1,493
39 years$26,374$16,838$10,402$6,261$3,695$1,311
40 years$25,429$16,020$9,750$5,774$3,351$1,151
41 years$24,532$15,249$9,142$5,328$3,040$1,010
42 years$23,681$14,523$8,576$4,917$2,759$887
43 years$22,871$13,837$8,047$4,539$2,504$779
44 years$22,099$13,190$7,554$4,191$2,273$685
45 years$21,365$12,578$7,093$3,870$2,063$601
46 years$20,664$11,999$6,662$3,575$1,873$528
47 years$19,995$11,450$6,259$3,303$1,701$464
48 years$19,356$10,931$5,881$3,052$1,545$408
49 years$18,745$10,439$5,528$2,821$1,403$358
50 years$18,160$9,971$5,197$2,607$1,274$315

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 $6,489 every year, while hoping to spend $34,259 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: 75/10/15 Blend
72$18,600,000$18,600,000$18,600,000$18,600,000
73$20,503,893$19,518,093$19,229,793$21,974,436
74$22,558,839$20,438,029$19,837,540$23,867,295
75$24,822,241$21,401,893$20,464,498$25,936,399
76$27,315,326$22,411,801$21,111,275$28,203,242
77$30,061,484$23,469,974$21,778,497$30,687,486
78$33,086,489$24,578,737$22,466,811$33,410,777
79$36,418,745$25,740,529$23,176,884$36,396,950
80$40,089,551$26,957,909$23,909,403$39,672,248
81$44,133,396$28,233,557$24,665,078$43,265,570
82$48,588,286$29,570,285$25,444,642$47,208,734
83$53,496,103$30,971,041$26,248,850$51,536,784
84$58,903,000$32,438,917$27,078,481$56,288,309
85$64,859,835$33,977,152$27,934,338$61,505,809
86$71,422,652$35,589,146$28,817,252$67,236,088
87$78,653,210$37,278,462$29,728,078$73,530,699
88$86,619,567$39,048,836$30,667,698$80,446,418
89$95,396,719$40,904,186$31,637,023$88,045,783
90$105,067,313$42,848,619$32,636,991$96,397,678
91$115,722,421$44,886,444$33,668,573$105,577,977
92$127,462,405$47,022,177$34,732,767$115,670,257
93$140,397,861$49,260,554$35,830,605$126,766,583
94$154,650,663$51,606,542$36,963,151$138,968,370
95$170,355,117$54,065,348$38,131,502$152,387,337
96$187,659,222$56,642,433$39,336,791$167,146,557
97$206,726,074$59,343,524$40,580,185$183,381,608
98$227,735,402$62,174,625$41,862,889$201,241,854
99$250,885,264$65,142,033$43,186,148$220,891,843
100$276,393,919$68,252,351$44,551,242$242,512,858