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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.5%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,490,396
2 years$784,910$770,292$756,124$742,388$729,064$688,404
3 years$518,075$503,394$489,263$475,655$462,548$423,140
4 years$384,684$370,048$356,058$342,683$329,893$292,040
5 years$304,671$290,122$276,316$263,213$250,780$214,586
6 years$251,346$236,907$223,304$210,494$198,433$163,934
7 years$213,271$198,954$185,567$173,059$161,380$128,576
8 years$184,728$170,540$157,375$145,175$133,880$102,757
9 years$162,540$148,486$135,547$123,656$112,746$83,275
10 years$144,800$130,883$118,173$106,593$96,065$68,209
11 years$130,295$116,517$104,038$92,768$82,619$56,336
12 years$118,216$104,580$92,331$81,370$71,596$46,837
13 years$108,003$94,510$82,492$71,837$62,433$39,147
14 years$99,257$85,907$74,119$63,769$54,729$32,862
15 years$91,683$78,477$66,919$56,871$48,187$27,684
16 years$85,063$72,001$60,672$50,922$42,588$23,390
17 years$79,228$66,311$55,209$45,753$37,762$19,810
18 years$74,047$61,274$50,399$41,233$33,576$16,813
19 years$69,417$56,788$46,138$37,257$29,927$14,293
20 years$65,255$52,770$42,343$33,743$26,731$12,169
21 years$61,494$49,153$38,947$30,624$23,921$10,373
22 years$58,080$45,883$35,896$27,845$21,442$8,851
23 years$54,967$42,913$33,144$25,359$19,248$7,559
24 years$52,118$40,207$30,652$23,128$17,300$6,460
25 years$49,501$37,732$28,390$21,122$15,568$5,524
26 years$47,089$35,462$26,330$19,313$14,023$4,727
27 years$44,859$33,374$24,450$17,678$12,643$4,046
28 years$42,793$31,448$22,730$16,197$11,408$3,465
29 years$40,872$29,668$21,152$14,853$10,301$2,969
30 years$39,083$28,018$19,702$13,631$9,308$2,544
31 years$37,412$26,486$18,368$12,519$8,415$2,180
32 years$35,850$25,062$17,137$11,505$7,612$1,869
33 years$34,384$23,734$16,001$10,580$6,889$1,603
34 years$33,008$22,494$14,951$9,735$6,237$1,374
35 years$31,714$21,335$13,978$8,961$5,649$1,179
36 years$30,494$20,250$13,076$8,253$5,118$1,011
37 years$29,343$19,233$12,239$7,604$4,639$867
38 years$28,255$18,278$11,461$7,009$4,206$744
39 years$27,225$17,381$10,738$6,463$3,814$639
40 years$26,249$16,537$10,065$5,961$3,459$548
41 years$25,324$15,741$9,437$5,500$3,138$470
42 years$24,444$14,991$8,853$5,075$2,848$403
43 years$23,608$14,284$8,307$4,685$2,584$346
44 years$22,812$13,615$7,798$4,326$2,346$297
45 years$22,054$12,984$7,322$3,995$2,130$255
46 years$21,331$12,386$6,877$3,690$1,934$219
47 years$20,640$11,820$6,460$3,410$1,756$188
48 years$19,980$11,284$6,071$3,151$1,595$161
49 years$19,350$10,775$5,706$2,912$1,448$138
50 years$18,746$10,293$5,365$2,691$1,315$119

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 $6,804 every year, while hoping to spend $21,480 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: 61/27/12 Blend
72$19,200,000$19,200,000$19,200,000$19,200,000
73$21,165,418$20,147,818$19,850,218$22,395,550
74$23,301,436$21,112,207$20,492,346$24,186,579
75$25,654,608$22,123,131$21,155,265$26,137,025
76$28,247,061$23,182,847$21,839,650$28,264,803
77$31,103,179$24,293,723$22,546,195$30,587,062
78$34,249,830$25,458,243$23,275,619$33,122,657
79$37,716,624$26,679,008$24,028,664$35,892,320
80$41,536,191$27,958,751$24,806,096$38,918,855
81$45,744,487$29,300,334$25,608,704$42,227,340
82$50,381,134$30,706,759$26,437,305$45,845,363
83$55,489,796$32,181,178$27,292,741$49,803,272
84$61,118,590$33,726,890$28,175,883$54,134,456
85$67,320,540$35,347,361$29,087,629$58,875,649
86$74,154,076$37,046,223$30,028,905$64,067,275
87$81,683,588$38,827,284$31,000,670$69,753,815
88$89,980,033$40,694,540$32,003,911$75,984,221
89$99,121,604$42,652,180$33,039,650$82,812,371
90$109,194,469$44,704,598$34,108,939$90,297,563
91$120,293,583$46,856,402$35,212,868$98,505,068
92$132,523,588$49,112,425$36,352,558$107,506,737
93$145,999,795$51,477,735$37,529,169$117,381,662
94$160,849,277$53,957,647$38,743,899$128,216,921
95$177,212,068$56,557,736$39,997,985$140,108,377
96$195,242,482$59,283,848$41,292,701$153,161,580
97$215,110,574$62,142,116$42,629,365$167,492,742
98$237,003,743$65,138,970$44,009,339$183,229,828
99$261,128,500$68,281,154$45,434,027$200,513,743
100$287,712,418$71,575,742$46,904,878$219,499,650