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

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,511,027
2 years$788,998$774,304$760,063$746,255$732,861$704,770
3 years$520,774$506,016$491,811$478,133$464,957$437,632
4 years$386,688$371,975$357,912$344,468$331,612$305,262
5 years$306,257$291,633$277,755$264,584$252,086$226,788
6 years$252,655$238,140$224,467$211,590$199,467$175,249
7 years$214,382$199,990$186,533$173,960$162,220$139,089
8 years$185,691$171,428$158,195$145,931$134,577$112,527
9 years$163,387$149,259$136,253$124,301$113,333$92,351
10 years$145,554$131,565$118,789$107,148$96,566$76,632
11 years$130,973$117,124$104,580$93,251$83,050$64,143
12 years$118,831$105,124$92,812$81,794$71,969$54,063
13 years$108,565$95,002$82,921$72,212$62,759$45,825
14 years$99,774$86,354$74,505$64,101$55,014$39,022
15 years$92,161$78,886$67,268$57,167$48,438$33,357
16 years$85,506$72,376$60,988$51,187$42,810$28,606
17 years$79,641$66,656$55,497$45,991$37,958$24,598
18 years$74,433$61,593$50,662$41,447$33,751$21,200
19 years$69,778$57,084$46,378$37,451$30,083$18,307
20 years$65,595$53,045$42,564$33,919$26,871$15,835
21 years$61,814$49,409$39,150$30,784$24,046$13,716
22 years$58,382$46,122$36,083$27,990$21,554$11,895
23 years$55,253$43,137$33,316$25,491$19,348$10,327
24 years$52,389$40,416$30,812$23,249$17,390$8,973
25 years$49,758$37,929$28,538$21,232$15,649$7,803
26 years$47,334$35,647$26,468$19,414$14,096$6,791
27 years$45,093$33,548$24,578$17,770$12,709$5,913
28 years$43,015$31,612$22,848$16,281$11,467$5,151
29 years$41,085$29,822$21,262$14,930$10,355$4,489
30 years$39,286$28,164$19,805$13,702$9,356$3,914
31 years$37,607$26,624$18,463$12,584$8,459$3,413
32 years$36,036$25,192$17,227$11,565$7,652$2,978
33 years$34,563$23,857$16,085$10,635$6,925$2,599
34 years$33,180$22,611$15,029$9,785$6,269$2,268
35 years$31,879$21,446$14,051$9,008$5,678$1,980
36 years$30,653$20,356$13,144$8,296$5,145$1,729
37 years$29,496$19,333$12,303$7,644$4,663$1,510
38 years$28,402$18,374$11,521$7,045$4,228$1,318
39 years$27,367$17,471$10,794$6,496$3,834$1,152
40 years$26,386$16,623$10,117$5,992$3,477$1,006
41 years$25,456$15,823$9,487$5,528$3,155$879
42 years$24,572$15,070$8,899$5,102$2,863$768
43 years$23,731$14,358$8,350$4,710$2,598$671
44 years$22,931$13,686$7,838$4,349$2,358$586
45 years$22,169$13,051$7,360$4,016$2,141$512
46 years$21,442$12,450$6,912$3,710$1,944$448
47 years$20,748$11,881$6,494$3,427$1,765$391
48 years$20,085$11,342$6,103$3,167$1,603$342
49 years$19,450$10,831$5,736$2,927$1,456$299
50 years$18,844$10,347$5,393$2,705$1,322$261

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 $5,998 every year, while hoping to spend $26,031 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: 43/48/9 Blend
72$19,300,000$19,300,000$19,300,000$19,300,000
73$21,274,787$20,251,887$19,952,737$22,133,969
74$23,417,118$21,216,533$20,593,457$23,696,834
75$25,777,095$22,227,573$21,254,768$25,385,786
76$28,376,890$23,287,255$21,937,334$27,214,847
77$31,240,935$24,397,933$22,641,837$29,196,847
78$34,396,156$25,562,077$23,368,984$31,345,853
79$37,872,221$26,782,276$24,119,502$33,677,295
80$41,701,826$28,061,247$24,894,144$36,208,103
81$45,921,000$29,401,835$25,693,686$38,956,858
82$50,569,445$30,807,029$26,518,928$41,943,949
83$55,690,914$32,279,959$27,370,697$45,191,765
84$61,333,620$33,823,909$28,249,848$48,724,882
85$67,550,692$35,442,323$29,157,260$52,570,294
86$74,400,678$37,138,812$30,093,844$56,757,648
87$81,948,096$38,917,164$31,060,537$61,319,509
88$90,264,046$40,781,349$32,058,309$66,291,659
89$99,426,876$42,735,532$33,088,159$71,713,414
90$109,522,925$44,784,081$34,151,121$77,627,982
91$120,647,338$46,931,575$35,248,258$84,082,854
92$132,904,963$49,182,819$36,380,671$91,130,234
93$146,411,341$51,542,849$37,549,496$98,827,515
94$161,293,797$54,016,948$38,755,903$107,237,798
95$177,692,641$56,610,655$40,001,103$116,430,474
96$195,762,494$59,329,781$41,286,343$126,481,854
97$215,673,746$62,180,418$42,612,913$137,475,864
98$237,614,165$65,168,955$43,982,143$149,504,824
99$261,790,671$68,302,094$45,395,405$162,670,285
100$288,431,285$71,586,863$46,854,117$177,083,969