Can I retire at age 73 with 18,800,000?

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,476,736
2 years$768,558$754,244$740,372$726,922$713,875$691,356
3 years$507,282$492,907$479,070$465,746$452,912$430,975
4 years$376,670$362,339$348,640$335,544$323,021$301,837
5 years$298,323$284,078$270,559$257,730$245,555$225,185
6 years$246,109$231,971$218,652$206,108$194,299$174,767
7 years$208,828$194,809$181,701$169,453$158,017$139,329
8 years$180,880$166,987$154,097$142,150$131,091$113,243
9 years$159,154$145,392$132,723$121,080$110,397$93,382
10 years$141,783$128,156$115,711$104,372$94,064$77,868
11 years$127,580$114,090$101,870$90,835$80,898$65,505
12 years$115,753$102,401$90,407$79,675$70,105$55,496
13 years$105,753$92,541$80,773$70,341$61,133$47,288
14 years$97,189$84,117$72,575$62,441$53,589$40,485
15 years$89,773$76,842$65,525$55,686$47,184$34,799
16 years$83,291$70,501$59,408$49,861$41,701$30,010
17 years$77,577$64,929$54,059$44,800$36,975$25,953
18 years$72,504$59,997$49,349$40,373$32,876$22,498
19 years$67,971$55,605$45,177$36,481$29,303$19,543
20 years$63,895$51,671$41,461$33,040$26,174$17,005
21 years$60,213$48,129$38,136$29,986$23,423$14,819
22 years$56,870$44,927$35,148$27,264$20,996$12,931
23 years$53,822$42,019$32,453$24,830$18,847$11,295
24 years$51,032$39,369$30,014$22,647$16,940$9,877
25 years$48,469$36,946$27,799$20,682$15,243$8,643
26 years$46,108$34,723$25,782$18,911$13,731$7,570
27 years$43,925$32,679$23,941$17,309$12,379$6,633
28 years$41,901$30,793$22,256$15,859$11,170$5,816
29 years$40,021$29,050$20,711$14,543$10,086$5,102
30 years$38,269$27,434$19,292$13,347$9,114$4,478
31 years$36,633$25,935$17,985$12,258$8,240$3,931
32 years$35,103$24,539$16,780$11,266$7,453$3,453
33 years$33,668$23,239$15,668$10,360$6,745$3,033
34 years$32,321$22,026$14,639$9,532$6,107$2,665
35 years$31,053$20,891$13,687$8,775$5,531$2,342
36 years$29,859$19,828$12,804$8,081$5,012$2,059
37 years$28,732$18,833$11,984$7,446$4,542$1,810
38 years$27,666$17,898$11,222$6,863$4,118$1,592
39 years$26,658$17,019$10,514$6,328$3,734$1,400
40 years$25,703$16,192$9,855$5,837$3,387$1,231
41 years$24,796$15,413$9,241$5,385$3,073$1,083
42 years$23,935$14,679$8,668$4,970$2,788$953
43 years$23,116$13,986$8,134$4,588$2,531$838
44 years$22,337$13,332$7,635$4,236$2,297$738
45 years$21,594$12,713$7,169$3,912$2,085$649
46 years$20,886$12,128$6,733$3,614$1,893$571
47 years$20,210$11,574$6,326$3,338$1,719$503
48 years$19,564$11,049$5,945$3,085$1,561$442
49 years$18,946$10,551$5,588$2,851$1,418$389
50 years$18,355$10,079$5,253$2,635$1,288$343

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $18,800,000, adding $2,151 every year, while hoping to spend $43,442 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: 69/16/15 Blend
72$18,800,000$18,800,000$18,800,000$18,800,000
73$20,719,819$19,723,419$19,432,019$22,077,578
74$22,787,018$20,643,644$20,036,769$23,901,670
75$25,063,616$21,607,505$20,660,323$25,891,312
76$27,570,925$22,617,093$21,303,264$28,067,066
77$30,332,431$23,674,601$21,966,195$30,447,251
78$33,374,012$24,782,330$22,649,735$33,052,028
79$36,724,186$25,942,689$23,354,526$35,903,586
80$40,414,377$27,158,205$24,081,227$39,026,344
81$44,479,214$28,431,528$24,830,519$42,447,185
82$48,956,856$29,765,435$25,603,103$46,195,697
83$53,889,351$31,162,837$26,399,703$50,304,456
84$59,323,036$32,626,787$27,221,064$54,809,322
85$65,308,971$34,160,485$28,067,955$59,749,778
86$71,903,424$35,767,286$28,941,170$65,169,294
87$79,168,398$37,450,708$29,841,524$71,115,734
88$87,172,221$39,214,439$30,769,861$77,641,802
89$95,990,186$41,062,345$31,727,050$84,805,535
90$105,705,265$42,998,480$32,713,986$92,670,840
91$116,408,891$45,027,094$33,731,593$101,308,099
92$128,201,819$47,152,644$34,780,823$110,794,821
93$141,195,082$49,379,801$35,862,658$121,216,367
94$155,511,033$51,713,463$36,978,110$132,666,753
95$171,284,504$54,158,768$38,128,222$145,249,526
96$188,664,075$56,721,100$39,314,070$159,078,735
97$207,813,483$59,406,106$40,536,763$174,280,001
98$228,913,159$62,219,706$41,797,445$190,991,692
99$252,161,937$65,168,108$43,097,295$209,366,222
100$277,778,929$68,257,819$44,437,529$229,571,480