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%14.2%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,473,091
2 years$768,558$754,244$740,372$726,922$713,875$687,717
3 years$507,282$492,907$479,070$465,746$452,912$427,458
4 years$376,670$362,339$348,640$335,544$323,021$298,467
5 years$298,323$284,078$270,559$257,730$245,555$221,973
6 years$246,109$231,971$218,652$206,108$194,299$171,714
7 years$208,828$194,809$181,701$169,453$158,017$136,436
8 years$180,880$166,987$154,097$142,150$131,091$110,509
9 years$159,154$145,392$132,723$121,080$110,397$90,803
10 years$141,783$128,156$115,711$104,372$94,064$75,440
11 years$127,580$114,090$101,870$90,835$80,898$63,224
12 years$115,753$102,401$90,407$79,675$70,105$53,358
13 years$105,753$92,541$80,773$70,341$61,133$45,287
14 years$97,189$84,117$72,575$62,441$53,589$38,616
15 years$89,773$76,842$65,525$55,686$47,184$33,056
16 years$83,291$70,501$59,408$49,861$41,701$28,388
17 years$77,577$64,929$54,059$44,800$36,975$24,445
18 years$72,504$59,997$49,349$40,373$32,876$21,099
19 years$67,971$55,605$45,177$36,481$29,303$18,247
20 years$63,895$51,671$41,461$33,040$26,174$15,806
21 years$60,213$48,129$38,136$29,986$23,423$13,712
22 years$56,870$44,927$35,148$27,264$20,996$11,910
23 years$53,822$42,019$32,453$24,830$18,847$10,356
24 years$51,032$39,369$30,014$22,647$16,940$9,013
25 years$48,469$36,946$27,799$20,682$15,243$7,850
26 years$46,108$34,723$25,782$18,911$13,731$6,842
27 years$43,925$32,679$23,941$17,309$12,379$5,967
28 years$41,901$30,793$22,256$15,859$11,170$5,206
29 years$40,021$29,050$20,711$14,543$10,086$4,545
30 years$38,269$27,434$19,292$13,347$9,114$3,969
31 years$36,633$25,935$17,985$12,258$8,240$3,467
32 years$35,103$24,539$16,780$11,266$7,453$3,030
33 years$33,668$23,239$15,668$10,360$6,745$2,649
34 years$32,321$22,026$14,639$9,532$6,107$2,316
35 years$31,053$20,891$13,687$8,775$5,531$2,025
36 years$29,859$19,828$12,804$8,081$5,012$1,771
37 years$28,732$18,833$11,984$7,446$4,542$1,549
38 years$27,666$17,898$11,222$6,863$4,118$1,355
39 years$26,658$17,019$10,514$6,328$3,734$1,186
40 years$25,703$16,192$9,855$5,837$3,387$1,038
41 years$24,796$15,413$9,241$5,385$3,073$908
42 years$23,935$14,679$8,668$4,970$2,788$795
43 years$23,116$13,986$8,134$4,588$2,531$696
44 years$22,337$13,332$7,635$4,236$2,297$609
45 years$21,594$12,713$7,169$3,912$2,085$533
46 years$20,886$12,128$6,733$3,614$1,893$466
47 years$20,210$11,574$6,326$3,338$1,719$408
48 years$19,564$11,049$5,945$3,085$1,561$358
49 years$18,946$10,551$5,588$2,851$1,418$313
50 years$18,355$10,079$5,253$2,635$1,288$274

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 $2,250 every year, while hoping to spend $49,449 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: 57/18/25 Blend
72$18,800,000$18,800,000$18,800,000$18,800,000
73$20,719,921$19,723,521$19,432,121$21,759,806
74$22,780,739$20,637,360$20,030,484$23,385,580
75$25,050,104$21,594,320$20,647,234$25,151,230
76$27,549,235$22,596,461$21,282,936$27,074,636
77$30,301,513$23,645,945$21,938,171$29,171,045
78$33,332,705$24,745,033$22,613,537$31,457,222
79$36,671,202$25,896,101$23,309,652$33,951,610
80$40,348,291$27,101,636$24,027,151$36,674,496
81$44,398,446$28,364,246$24,766,691$39,648,195
82$48,859,658$29,686,665$25,528,945$42,897,263
83$53,773,789$31,071,758$26,314,611$46,448,715
84$59,186,972$32,522,529$27,124,406$50,332,282
85$65,150,038$34,042,129$27,959,070$54,580,680
86$71,719,007$35,633,858$28,819,363$59,229,915
87$78,955,605$37,301,177$29,706,072$64,319,620
88$86,927,856$39,047,714$30,620,004$69,893,415
89$95,710,719$40,877,273$31,561,996$75,999,320
90$105,386,794$42,793,841$32,532,905$82,690,194
91$116,047,107$44,801,600$33,533,617$90,024,232
92$127,791,964$46,904,930$34,565,045$98,065,504
93$140,731,900$49,108,427$35,628,130$106,884,552
94$154,988,722$51,416,908$36,723,840$116,559,049
95$170,696,658$53,835,423$37,853,175$127,174,520
96$188,003,625$56,369,266$39,017,164$138,825,144
97$207,072,623$59,023,989$40,216,868$151,614,629
98$228,083,278$61,805,411$41,453,379$165,657,188
99$251,233,530$64,719,634$42,727,825$181,078,599
100$276,741,509$67,773,055$44,041,367$198,017,385