Can I retire at age 73 with 19,400,000?

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 $19,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,530,191
2 years$793,086$778,316$764,001$750,121$736,659$719,751
3 years$523,472$508,638$494,359$480,610$467,367$450,868
4 years$388,691$373,903$359,767$346,252$333,330$317,368
5 years$307,844$293,144$279,194$265,955$253,392$238,013
6 years$253,964$239,374$225,630$212,686$200,500$185,724
7 years$215,493$201,026$187,500$174,861$163,061$148,892
8 years$186,653$172,317$159,015$146,687$135,274$121,713
9 years$164,233$150,033$136,959$124,945$113,921$100,961
10 years$146,308$132,246$119,404$107,703$97,066$84,701
11 years$131,652$117,731$105,121$93,734$83,480$71,698
12 years$119,447$105,669$93,293$82,218$72,342$61,131
13 years$109,128$95,494$83,351$72,586$63,084$52,430
14 years$100,290$86,801$74,891$64,434$55,299$45,188
15 years$92,638$79,295$67,617$57,463$48,689$39,106
16 years$85,949$72,751$61,304$51,452$43,032$33,959
17 years$80,053$67,001$55,784$46,229$38,155$29,576
18 years$74,818$61,912$50,924$41,662$33,926$25,823
19 years$70,140$57,380$46,619$37,645$30,239$22,595
20 years$65,934$53,320$42,784$34,095$27,010$19,807
21 years$62,135$49,665$39,353$30,943$24,171$17,391
22 years$58,685$46,361$36,270$28,135$21,666$15,290
23 years$55,539$43,360$33,489$25,623$19,448$13,460
24 years$52,661$40,626$30,972$23,369$17,481$11,861
25 years$50,016$38,125$28,686$21,342$15,730$10,462
26 years$47,579$35,832$26,605$19,514$14,169$9,235
27 years$45,326$33,722$24,705$17,862$12,774$8,158
28 years$43,238$31,776$22,966$16,365$11,527$7,211
29 years$41,298$29,977$21,372$15,007$10,408$6,377
30 years$39,490$28,310$19,907$13,773$9,404$5,643
31 years$37,802$26,762$18,559$12,649$8,503$4,995
32 years$36,223$25,323$17,316$11,625$7,691$4,423
33 years$34,743$23,981$16,168$10,690$6,961$3,918
34 years$33,352$22,728$15,106$9,836$6,302$3,472
35 years$32,044$21,558$14,123$9,055$5,708$3,077
36 years$30,812$20,461$13,212$8,339$5,172$2,728
37 years$29,648$19,434$12,366$7,683$4,687$2,419
38 years$28,549$18,469$11,581$7,082$4,249$2,145
39 years$27,509$17,562$10,850$6,530$3,854$1,903
40 years$26,523$16,709$10,169$6,023$3,495$1,688
41 years$25,587$15,905$9,536$5,557$3,171$1,498
42 years$24,699$15,148$8,945$5,128$2,877$1,329
43 years$23,854$14,433$8,393$4,734$2,611$1,179
44 years$23,050$13,757$7,879$4,371$2,370$1,047
45 years$22,284$13,119$7,398$4,037$2,152$929
46 years$21,553$12,515$6,948$3,729$1,954$825
47 years$20,855$11,943$6,528$3,445$1,774$732
48 years$20,189$11,401$6,134$3,183$1,611$650
49 years$19,551$10,887$5,766$2,942$1,463$577
50 years$18,941$10,400$5,421$2,719$1,329$512

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $19,400,000, adding $5,388 every year, while hoping to spend $53,376 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: 43/45/12 Blend
72$19,400,000$19,400,000$19,400,000$19,400,000
73$21,384,358$20,356,158$20,055,458$22,229,205
74$23,508,771$21,296,818$20,670,524$23,760,559
75$25,848,085$22,281,781$21,304,406$25,412,757
76$28,424,163$23,313,163$21,957,678$27,201,469
77$31,261,099$24,393,178$22,630,930$29,139,231
78$34,385,438$25,524,151$23,324,774$31,239,794
79$37,826,435$26,708,517$24,039,836$33,518,248
80$41,616,324$27,948,827$24,776,764$35,991,153
81$45,790,628$29,247,758$25,536,224$38,676,688
82$50,388,487$30,608,114$26,318,903$41,594,809
83$55,453,036$32,032,834$27,125,509$44,767,431
84$61,031,804$33,525,001$27,956,771$48,218,622
85$67,177,166$35,087,845$28,813,442$51,974,818
86$73,946,839$36,724,752$29,696,294$56,065,065
87$81,404,424$38,439,271$30,606,127$60,521,274
88$89,620,004$40,235,125$31,543,761$65,378,514
89$98,670,813$42,116,214$32,510,045$70,675,330
90$108,641,955$44,086,628$33,505,851$76,454,088
91$119,627,215$46,150,653$34,532,078$82,761,365
92$131,729,941$48,312,785$35,589,652$89,648,369
93$145,064,018$50,577,735$36,679,529$97,171,410
94$159,754,947$52,950,443$37,802,692$105,392,410
95$175,941,024$55,436,087$38,960,155$114,379,474
96$193,774,649$58,040,096$40,152,961$124,207,510
97$213,423,765$60,768,163$41,382,187$134,958,920
98$235,073,440$63,626,254$42,648,941$146,724,355
99$258,927,616$66,620,625$43,954,366$159,603,550
100$285,211,034$69,757,837$45,299,638$173,706,243