Can I retire at age 73 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,479,700
2 years$788,998$774,304$760,063$746,255$732,861$673,816
3 years$520,774$506,016$491,811$478,133$464,957$408,034
4 years$386,688$371,975$357,912$344,468$331,612$277,243
5 years$306,257$291,633$277,755$264,584$252,086$200,412
6 years$252,655$238,140$224,467$211,590$199,467$150,523
7 years$214,382$199,990$186,533$173,960$162,220$115,990
8 years$185,691$171,428$158,195$145,931$134,577$91,016
9 years$163,387$149,259$136,253$124,301$113,333$72,378
10 years$145,554$131,565$118,789$107,148$96,566$58,139
11 years$130,973$117,124$104,580$93,251$83,050$47,065
12 years$118,831$105,124$92,812$81,794$71,969$38,333
13 years$108,565$95,002$82,921$72,212$62,759$31,371
14 years$99,774$86,354$74,505$64,101$55,014$25,773
15 years$92,161$78,886$67,268$57,167$48,438$21,240
16 years$85,506$72,376$60,988$51,187$42,810$17,549
17 years$79,641$66,656$55,497$45,991$37,958$14,529
18 years$74,433$61,593$50,662$41,447$33,751$12,049
19 years$69,778$57,084$46,378$37,451$30,083$10,006
20 years$65,595$53,045$42,564$33,919$26,871$8,319
21 years$61,814$49,409$39,150$30,784$24,046$6,923
22 years$58,382$46,122$36,083$27,990$21,554$5,766
23 years$55,253$43,137$33,316$25,491$19,348$4,806
24 years$52,389$40,416$30,812$23,249$17,390$4,007
25 years$49,758$37,929$28,538$21,232$15,649$3,343
26 years$47,334$35,647$26,468$19,414$14,096$2,790
27 years$45,093$33,548$24,578$17,770$12,709$2,329
28 years$43,015$31,612$22,848$16,281$11,467$1,945
29 years$41,085$29,822$21,262$14,930$10,355$1,624
30 years$39,286$28,164$19,805$13,702$9,356$1,357
31 years$37,607$26,624$18,463$12,584$8,459$1,134
32 years$36,036$25,192$17,227$11,565$7,652$947
33 years$34,563$23,857$16,085$10,635$6,925$792
34 years$33,180$22,611$15,029$9,785$6,269$662
35 years$31,879$21,446$14,051$9,008$5,678$553
36 years$30,653$20,356$13,144$8,296$5,145$462
37 years$29,496$19,333$12,303$7,644$4,663$386
38 years$28,402$18,374$11,521$7,045$4,228$323
39 years$27,367$17,471$10,794$6,496$3,834$270
40 years$26,386$16,623$10,117$5,992$3,477$226
41 years$25,456$15,823$9,487$5,528$3,155$189
42 years$24,572$15,070$8,899$5,102$2,863$158
43 years$23,731$14,358$8,350$4,710$2,598$132
44 years$22,931$13,686$7,838$4,349$2,358$110
45 years$22,169$13,051$7,360$4,016$2,141$92
46 years$21,442$12,450$6,912$3,710$1,944$77
47 years$20,748$11,881$6,494$3,427$1,765$64
48 years$20,085$11,342$6,103$3,167$1,603$54
49 years$19,450$10,831$5,736$2,927$1,456$45
50 years$18,844$10,347$5,393$2,705$1,322$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $19,300,000, adding $5,753 every year, while hoping to spend $40,167 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: 59/28/13 Blend
72$19,300,000$19,300,000$19,300,000$19,300,000
73$21,274,534$20,251,634$19,952,484$22,460,838
74$23,401,799$21,201,227$20,578,155$24,210,729
75$25,744,699$22,196,003$21,223,440$26,113,024
76$28,325,186$23,238,135$21,888,953$28,186,423
77$31,167,451$24,329,899$22,575,328$30,447,410
78$34,298,149$25,473,682$23,283,219$32,914,103
79$37,746,654$26,671,987$24,013,301$35,606,428
80$41,545,334$27,927,436$24,766,268$38,546,292
81$45,729,858$29,242,780$25,542,839$41,757,792
82$50,339,532$30,620,904$26,343,751$45,267,430
83$55,417,666$32,064,831$27,169,769$49,104,356
84$61,011,991$33,577,730$28,021,679$53,300,640
85$67,175,101$35,162,926$28,900,292$57,891,564
86$73,964,954$36,823,902$29,806,445$62,915,948
87$81,445,419$38,564,314$30,741,001$68,416,506
88$89,686,878$40,387,990$31,704,850$74,440,243
89$98,766,886$42,298,949$32,698,910$81,038,889
90$108,770,912$44,301,401$33,724,127$88,269,378
91$119,793,138$46,399,762$34,781,477$96,194,372
92$131,937,349$48,598,662$35,871,968$104,882,848
93$145,317,917$50,902,955$36,996,638$114,410,732
94$160,060,877$53,317,732$38,156,557$124,861,608
95$176,305,115$55,848,329$39,352,831$136,327,495
96$194,203,683$58,500,344$40,586,597$148,909,701
97$213,925,242$61,279,644$41,859,031$162,719,766
98$235,655,653$64,192,383$43,171,345$177,880,505
99$259,599,731$67,245,011$44,524,787$194,527,148
100$285,983,183$70,444,296$45,920,646$212,808,603