Can I retire at age 73 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,483,633
2 years$764,470$750,232$736,434$723,055$710,078$702,478
3 years$504,584$490,285$476,521$463,268$450,503$443,068
4 years$374,667$360,411$346,785$333,759$321,302$314,091
5 years$296,736$282,567$269,120$256,359$244,249$237,282
6 years$244,800$230,737$217,489$205,012$193,266$186,552
7 years$207,717$193,773$180,734$168,552$157,177$150,720
8 years$179,918$166,099$153,277$141,394$130,393$124,194
9 years$158,307$144,619$132,017$120,436$109,810$103,866
10 years$141,029$127,475$115,096$103,817$93,564$87,873
11 years$126,902$113,483$101,328$90,352$80,468$75,026
12 years$115,137$101,856$89,926$79,251$69,732$64,535
13 years$105,190$92,048$80,343$69,967$60,807$55,850
14 years$96,672$83,669$72,189$62,109$53,303$48,580
15 years$89,296$76,434$65,177$55,390$46,933$42,438
16 years$82,848$70,126$59,092$49,596$41,479$37,206
17 years$77,165$64,584$53,772$44,561$36,778$32,721
18 years$72,119$59,678$49,087$40,159$32,702$28,853
19 years$67,609$55,309$44,936$36,287$29,148$25,501
20 years$63,555$51,396$41,240$32,865$26,035$22,584
21 years$59,893$47,873$37,933$29,827$23,299$20,035
22 years$56,567$44,688$34,961$27,119$20,884$17,801
23 years$53,535$41,796$32,281$24,698$18,747$15,837
24 years$50,760$39,160$29,854$22,526$16,850$14,106
25 years$48,211$36,750$27,651$20,572$15,162$12,578
26 years$45,862$34,539$25,645$18,810$13,658$11,226
27 years$43,691$32,505$23,813$17,217$12,314$10,027
28 years$41,678$30,629$22,138$15,775$11,111$8,962
29 years$39,808$28,895$20,601$14,466$10,033$8,016
30 years$38,065$27,288$19,189$13,276$9,065$7,174
31 years$36,438$25,797$17,889$12,193$8,196$6,423
32 years$34,916$24,409$16,691$11,206$7,414$5,754
33 years$33,489$23,116$15,585$10,305$6,709$5,157
34 years$32,149$21,908$14,561$9,481$6,075$4,623
35 years$30,888$20,780$13,614$8,728$5,502$4,146
36 years$29,700$19,723$12,735$8,038$4,985$3,719
37 years$28,579$18,732$11,920$7,406$4,518$3,337
38 years$27,519$17,802$11,163$6,826$4,096$2,994
39 years$26,516$16,928$10,458$6,294$3,714$2,688
40 years$25,566$16,106$9,802$5,806$3,369$2,413
41 years$24,664$15,331$9,192$5,356$3,057$2,167
42 years$23,808$14,601$8,622$4,943$2,774$1,946
43 years$22,993$13,912$8,091$4,563$2,517$1,748
44 years$22,218$13,261$7,594$4,213$2,285$1,570
45 years$21,480$12,645$7,131$3,891$2,074$1,411
46 years$20,775$12,063$6,698$3,594$1,883$1,268
47 years$20,103$11,512$6,292$3,321$1,710$1,139
48 years$19,460$10,990$5,913$3,068$1,553$1,024
49 years$18,846$10,495$5,558$2,836$1,410$920
50 years$18,258$10,025$5,225$2,621$1,281$827

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $18,700,000, adding $5,542 every year, while hoping to spend $53,142 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: 69/13/18 Blend
72$18,700,000$18,700,000$18,700,000$18,700,000
73$20,613,117$19,622,017$19,332,167$21,945,546
74$22,659,112$20,526,953$19,923,251$23,739,799
75$24,912,017$21,474,450$20,532,357$25,695,533
76$27,392,882$22,466,537$21,160,030$27,834,142
77$30,124,900$23,505,341$21,806,835$30,173,657
78$33,133,629$24,593,092$22,473,353$32,733,926
79$36,447,232$25,732,126$23,160,183$35,536,791
80$40,096,743$26,924,893$23,867,942$38,606,300
81$44,116,358$28,173,961$24,597,266$41,968,924
82$48,543,762$29,482,020$25,348,809$45,653,806
83$53,420,477$30,851,891$26,123,246$49,693,030
84$58,792,263$32,286,531$26,921,272$54,121,922
85$64,709,543$33,789,039$27,743,603$58,979,380
86$71,227,880$35,362,666$28,590,978$64,308,233
87$78,408,503$37,010,816$29,464,155$70,155,644
88$86,318,884$38,737,060$30,363,918$76,573,551
89$95,033,374$40,545,140$31,291,073$83,619,150
90$104,633,907$42,438,980$32,246,452$91,355,429
91$115,210,768$44,422,692$33,230,911$99,851,763
92$126,863,451$46,500,589$34,245,332$109,184,556
93$139,701,596$48,677,191$35,290,623$119,437,960
94$153,846,020$50,957,235$36,367,720$130,704,665
95$169,429,864$53,345,689$37,477,589$143,086,765
96$186,599,844$55,847,761$38,621,222$156,696,715
97$205,517,638$58,468,912$39,799,642$171,658,387
98$226,361,412$61,214,863$41,013,906$188,108,231
99$249,327,502$64,091,617$42,265,097$206,196,559
100$274,632,266$67,105,465$43,554,336$226,088,951