Can I retire at age 73 with 19,200,000?

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 $19,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,523,943
2 years$784,910$770,292$756,124$742,388$729,064$721,906
3 years$518,075$503,394$489,263$475,655$462,548$455,545
4 years$384,684$370,048$356,058$342,683$329,893$323,098
5 years$304,671$290,122$276,316$263,213$250,780$244,214
6 years$251,346$236,907$223,304$210,494$198,433$192,105
7 years$213,271$198,954$185,567$173,059$161,380$155,292
8 years$184,728$170,540$157,375$145,175$133,880$128,033
9 years$162,540$148,486$135,547$123,656$112,746$107,140
10 years$144,800$130,883$118,173$106,593$96,065$90,696
11 years$130,295$116,517$104,038$92,768$82,619$77,484
12 years$118,216$104,580$92,331$81,370$71,596$66,690
13 years$108,003$94,510$82,492$71,837$62,433$57,753
14 years$99,257$85,907$74,119$63,769$54,729$50,268
15 years$91,683$78,477$66,919$56,871$48,187$43,941
16 years$85,063$72,001$60,672$50,922$42,588$38,550
17 years$79,228$66,311$55,209$45,753$37,762$33,926
18 years$74,047$61,274$50,399$41,233$33,576$29,937
19 years$69,417$56,788$46,138$37,257$29,927$26,478
20 years$65,255$52,770$42,343$33,743$26,731$23,465
21 years$61,494$49,153$38,947$30,624$23,921$20,832
22 years$58,080$45,883$35,896$27,845$21,442$18,523
23 years$54,967$42,913$33,144$25,359$19,248$16,492
24 years$52,118$40,207$30,652$23,128$17,300$14,701
25 years$49,501$37,732$28,390$21,122$15,568$13,118
26 years$47,089$35,462$26,330$19,313$14,023$11,717
27 years$44,859$33,374$24,450$17,678$12,643$10,474
28 years$42,793$31,448$22,730$16,197$11,408$9,369
29 years$40,872$29,668$21,152$14,853$10,301$8,387
30 years$39,083$28,018$19,702$13,631$9,308$7,512
31 years$37,412$26,486$18,368$12,519$8,415$6,731
32 years$35,850$25,062$17,137$11,505$7,612$6,035
33 years$34,384$23,734$16,001$10,580$6,889$5,413
34 years$33,008$22,494$14,951$9,735$6,237$4,856
35 years$31,714$21,335$13,978$8,961$5,649$4,359
36 years$30,494$20,250$13,076$8,253$5,118$3,913
37 years$29,343$19,233$12,239$7,604$4,639$3,514
38 years$28,255$18,278$11,461$7,009$4,206$3,156
39 years$27,225$17,381$10,738$6,463$3,814$2,836
40 years$26,249$16,537$10,065$5,961$3,459$2,548
41 years$25,324$15,741$9,437$5,500$3,138$2,290
42 years$24,444$14,991$8,853$5,075$2,848$2,059
43 years$23,608$14,284$8,307$4,685$2,584$1,851
44 years$22,812$13,615$7,798$4,326$2,346$1,664
45 years$22,054$12,984$7,322$3,995$2,130$1,496
46 years$21,331$12,386$6,877$3,690$1,934$1,346
47 years$20,640$11,820$6,460$3,410$1,756$1,210
48 years$19,980$11,284$6,071$3,151$1,595$1,088
49 years$19,350$10,775$5,706$2,912$1,448$979
50 years$18,746$10,293$5,365$2,691$1,315$881

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $19,200,000, adding $4,733 every year, while hoping to spend $24,698 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: 49/27/24 Blend
72$19,200,000$19,200,000$19,200,000$19,200,000
73$21,163,282$20,145,682$19,848,082$22,056,381
74$23,295,658$21,106,542$20,486,714$23,640,592
75$25,644,709$22,113,656$21,145,913$25,357,845
76$28,232,510$23,169,265$21,826,341$27,223,019
77$31,083,385$24,275,719$22,528,683$29,250,087
78$34,224,141$25,435,479$23,253,644$31,454,396
79$37,684,316$26,651,132$24,001,955$33,852,808
80$41,496,464$27,925,384$24,774,367$36,463,856
81$45,696,453$29,261,078$25,571,658$39,307,906
82$50,323,812$30,661,192$26,394,630$42,407,345
83$55,422,102$32,128,851$27,244,111$45,786,785
84$61,039,322$33,667,331$28,120,955$49,473,286
85$67,228,371$35,280,067$29,026,044$53,496,603
86$74,047,538$36,970,664$29,960,290$57,889,457
87$81,561,059$38,742,898$30,924,632$62,687,839
88$89,839,720$40,600,734$31,920,040$67,931,335
89$98,961,527$42,548,325$32,947,517$73,663,491
90$109,012,440$44,590,030$34,008,096$79,932,215
91$120,087,187$46,730,420$35,102,845$86,790,218
92$132,290,155$48,974,285$36,232,866$94,295,497
93$145,736,380$51,326,654$37,399,296$102,511,875
94$160,552,627$53,792,797$38,603,308$111,509,587
95$176,878,592$56,378,241$39,846,117$121,365,933
96$194,868,218$59,088,784$41,128,971$132,165,991
97$214,691,148$61,930,507$42,453,163$144,003,407
98$236,534,328$64,909,784$43,820,027$156,981,265
99$260,603,769$68,033,304$45,230,938$171,213,043
100$287,126,496$71,308,078$46,687,317$186,823,668