Can I retire at age 73 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,509,416
2 years$797,174$782,328$767,939$753,988$740,456$694,943
3 years$526,170$511,260$496,907$483,087$469,776$425,717
4 years$390,695$375,830$361,621$348,037$335,048$292,782
5 years$309,431$294,655$280,633$267,326$254,698$214,340
6 years$255,273$240,608$226,793$213,783$201,534$163,120
7 years$216,603$202,062$188,466$175,763$163,901$127,431
8 years$187,615$173,205$159,834$147,443$135,972$101,423
9 years$165,080$150,806$137,665$125,589$114,508$81,846
10 years$147,062$132,928$120,020$108,259$97,566$66,747
11 years$132,330$118,338$105,663$94,217$83,910$54,880
12 years$120,063$106,214$93,774$82,641$72,715$45,417
13 years$109,690$95,986$83,780$72,960$63,409$37,782
14 years$100,807$87,249$75,277$64,766$55,584$31,563
15 years$93,116$79,703$67,965$57,760$48,940$26,459
16 years$86,392$73,126$61,620$51,717$43,254$22,243
17 years$80,466$67,347$56,072$46,468$38,352$18,743
18 years$75,204$62,231$51,187$41,877$34,101$15,825
19 years$70,501$57,675$46,859$37,839$30,395$13,383
20 years$66,274$53,595$43,005$34,271$27,149$11,333
21 years$62,455$49,921$39,556$31,103$24,295$9,608
22 years$58,987$46,600$36,457$28,280$21,777$8,154
23 years$55,826$43,584$33,662$25,755$19,549$6,925
24 years$52,932$40,835$31,131$23,490$17,571$5,886
25 years$50,274$38,322$28,834$21,452$15,811$5,005
26 years$47,824$36,016$26,742$19,615$14,242$4,259
27 years$45,560$33,896$24,832$17,954$12,840$3,625
28 years$43,461$31,940$23,085$16,450$11,586$3,087
29 years$41,511$30,131$21,482$15,085$10,462$2,629
30 years$39,694$28,456$20,010$13,844$9,453$2,240
31 years$37,997$26,900$18,655$12,715$8,546$1,909
32 years$36,410$25,453$17,405$11,685$7,731$1,627
33 years$34,922$24,105$16,251$10,745$6,996$1,387
34 years$33,524$22,846$15,184$9,887$6,334$1,182
35 years$32,209$21,669$14,196$9,101$5,737$1,008
36 years$30,971$20,567$13,280$8,382$5,198$860
37 years$29,801$19,534$12,430$7,723$4,711$733
38 years$28,696$18,564$11,640$7,118$4,271$625
39 years$27,651$17,653$10,906$6,564$3,873$533
40 years$26,660$16,795$10,222$6,054$3,513$455
41 years$25,719$15,987$9,585$5,585$3,187$388
42 years$24,826$15,226$8,991$5,155$2,892$331
43 years$23,977$14,507$8,437$4,758$2,625$282
44 years$23,169$13,828$7,919$4,394$2,383$241
45 years$22,399$13,186$7,436$4,058$2,163$206
46 years$21,664$12,579$6,984$3,748$1,964$175
47 years$20,963$12,005$6,561$3,463$1,783$150
48 years$20,293$11,460$6,166$3,200$1,619$128
49 years$19,652$10,944$5,796$2,957$1,471$109
50 years$19,039$10,454$5,449$2,733$1,336$93

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $19,500,000, adding $4,505 every year, while hoping to spend $54,756 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: 39/47/14 Blend
72$19,500,000$19,500,000$19,500,000$19,500,000
73$21,493,647$20,460,147$20,157,897$22,241,338
74$23,627,739$21,404,434$20,774,926$23,717,614
75$25,977,673$22,393,156$21,410,791$25,307,166
76$28,565,408$23,428,433$22,066,065$27,024,684
77$31,415,138$24,512,485$22,741,337$28,881,749
78$34,553,528$25,647,642$23,437,217$30,891,055
79$38,009,955$26,836,344$24,154,331$33,066,524
80$41,816,795$28,081,149$24,893,326$35,423,423
81$46,009,722$29,384,740$25,654,866$37,978,505
82$50,628,047$30,749,926$26,439,638$40,750,149
83$55,715,090$32,179,654$27,248,348$43,758,528
84$61,318,585$33,677,013$28,081,723$47,025,786
85$67,491,134$35,245,240$28,940,514$50,576,234
86$74,290,702$36,887,728$29,825,493$54,436,571
87$81,781,162$38,608,036$30,737,457$58,636,116
88$90,032,904$40,409,893$31,677,224$63,207,079
89$99,123,490$42,297,207$32,645,641$68,184,845
90$109,138,393$44,274,078$33,643,577$73,608,296
91$120,171,802$46,344,801$34,671,931$79,520,159
92$132,327,510$48,513,880$35,731,624$85,967,397
93$145,719,893$50,786,037$36,823,610$93,001,633
94$160,474,991$53,166,221$37,948,870$100,679,618
95$176,731,696$55,659,622$39,108,413$109,063,751
96$194,643,065$58,271,680$40,303,281$118,222,645
97$214,377,763$61,008,097$41,534,546$128,231,756
98$236,121,654$63,874,854$42,803,313$139,174,074
99$260,079,560$66,878,219$44,110,721$151,140,881
100$286,477,187$70,024,764$45,457,943$164,232,593