Can I retire at age 73 with 19,000,000?

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 $19,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,501,765
2 years$776,734$762,268$748,248$734,655$721,470$708,046
3 years$512,679$498,150$484,166$470,701$457,730$444,620
4 years$380,677$366,193$352,349$339,113$326,457$313,761
5 years$301,497$287,100$273,437$260,471$248,167$235,923
6 years$248,727$234,439$220,978$208,301$196,366$184,589
7 years$211,050$196,881$183,634$171,256$159,698$148,394
8 years$182,804$168,764$155,736$143,662$132,485$121,653
9 years$160,847$146,939$134,135$122,368$111,572$101,208
10 years$143,292$129,520$116,942$105,483$95,065$85,164
11 years$128,937$115,304$102,954$91,802$81,759$72,313
12 years$116,984$103,490$91,369$80,522$70,850$61,851
13 years$106,878$93,525$81,632$71,089$61,783$53,220
14 years$98,223$85,012$73,347$63,105$54,159$46,020
15 years$90,728$77,660$66,222$56,279$47,686$39,960
16 years$84,177$71,251$60,040$50,391$42,145$34,821
17 years$78,403$65,620$54,634$45,276$37,368$30,433
18 years$73,276$60,636$49,874$40,803$33,226$26,666
19 years$68,694$56,197$45,657$36,869$29,615$23,417
20 years$64,575$52,221$41,902$33,392$26,453$20,602
21 years$60,853$48,641$38,542$30,305$23,672$18,156
22 years$57,475$45,405$35,522$27,554$21,219$16,024
23 years$54,394$42,466$32,798$25,094$19,047$14,159
24 years$51,575$39,788$30,333$22,888$17,120$12,526
25 years$48,985$37,339$28,094$20,902$15,406$11,091
26 years$46,598$35,093$26,056$19,112$13,877$9,829
27 years$44,392$33,026$24,195$17,494$12,511$8,717
28 years$42,347$31,121$22,493$16,028$11,289$7,736
29 years$40,446$29,359$20,931$14,698$10,194$6,870
30 years$38,676$27,726$19,497$13,489$9,211$6,103
31 years$37,023$26,211$18,176$12,389$8,327$5,425
32 years$35,476$24,800$16,959$11,385$7,533$4,824
33 years$34,026$23,486$15,835$10,470$6,817$4,291
34 years$32,665$22,260$14,795$9,633$6,172$3,818
35 years$31,384$21,113$13,832$8,868$5,590$3,398
36 years$30,176$20,039$12,940$8,167$5,065$3,025
37 years$29,037$19,033$12,111$7,525$4,591$2,694
38 years$27,961$18,088$11,342$6,936$4,162$2,399
39 years$26,942$17,200$10,626$6,395$3,774$2,137
40 years$25,976$16,364$9,960$5,899$3,423$1,904
41 years$25,060$15,577$9,339$5,442$3,106$1,697
42 years$24,190$14,835$8,760$5,023$2,818$1,512
43 years$23,362$14,135$8,220$4,636$2,558$1,348
44 years$22,575$13,474$7,716$4,281$2,321$1,201
45 years$21,824$12,848$7,245$3,954$2,107$1,071
46 years$21,108$12,257$6,805$3,652$1,913$955
47 years$20,425$11,697$6,393$3,374$1,738$851
48 years$19,772$11,166$6,008$3,118$1,578$759
49 years$19,148$10,663$5,647$2,881$1,433$677
50 years$18,551$10,186$5,309$2,663$1,302$603

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $19,000,000, adding $5,364 every year, while hoping to spend $37,584 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: 54/31/15 Blend
72$19,000,000$19,000,000$19,000,000$19,000,000
73$20,943,533$19,936,533$19,642,033$21,990,828
74$23,039,784$20,873,434$20,260,052$23,642,172
75$25,348,593$21,854,984$20,897,515$25,434,206
76$27,891,602$22,883,330$21,555,034$27,383,937
77$30,692,657$23,960,724$22,233,239$29,506,387
78$33,778,037$25,089,529$22,932,782$31,818,061
79$37,176,700$26,272,219$23,654,333$34,337,103
80$40,920,556$27,511,390$24,398,585$37,083,451
81$45,044,767$28,809,763$25,166,253$40,079,026
82$49,588,083$30,170,191$25,958,072$43,347,930
83$54,593,203$31,595,666$26,774,803$46,916,662
84$60,107,180$33,089,324$27,617,229$50,814,365
85$66,181,865$34,654,453$28,486,159$55,073,088
86$72,874,396$36,294,502$29,382,426$59,728,084
87$80,247,738$38,013,086$30,306,890$64,818,131
88$88,371,275$39,813,995$31,260,439$70,385,889
89$97,321,468$41,701,204$32,243,987$76,478,293
90$107,182,576$43,678,881$33,258,478$83,146,984
91$118,047,447$45,751,395$34,304,886$90,448,787
92$130,018,401$47,923,328$35,384,214$98,446,237
93$143,208,191$50,199,484$36,497,498$107,208,153
94$157,741,069$52,584,901$37,645,807$116,810,279
95$173,753,958$55,084,861$38,830,241$127,335,984
96$191,397,746$57,704,903$40,051,938$138,877,037
97$210,838,707$60,450,835$41,312,070$151,534,453
98$232,260,077$63,328,747$42,611,845$165,419,441
99$255,863,774$66,345,025$43,952,512$180,654,429
100$281,872,313$69,506,366$45,335,355$197,374,209