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%18.2%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,503,378
2 years$797,174$782,328$767,939$753,988$740,456$688,991
3 years$526,170$511,260$496,907$483,087$469,776$420,041
4 years$390,695$375,830$361,621$348,037$335,048$287,424
5 years$309,431$294,655$280,633$267,326$254,698$209,312
6 years$255,273$240,608$226,793$213,783$201,534$158,422
7 years$216,603$202,062$188,466$175,763$163,901$123,058
8 years$187,615$173,205$159,834$147,443$135,972$97,367
9 years$165,080$150,806$137,665$125,589$114,508$78,096
10 years$147,062$132,928$120,020$108,259$97,566$63,290
11 years$132,330$118,338$105,663$94,217$83,910$51,703
12 years$120,063$106,214$93,774$82,641$72,715$42,505
13 years$109,690$95,986$83,780$72,960$63,409$35,120
14 years$100,807$87,249$75,277$64,766$55,584$29,137
15 years$93,116$79,703$67,965$57,760$48,940$24,253
16 years$86,392$73,126$61,620$51,717$43,254$20,242
17 years$80,466$67,347$56,072$46,468$38,352$16,932
18 years$75,204$62,231$51,187$41,877$34,101$14,190
19 years$70,501$57,675$46,859$37,839$30,395$11,910
20 years$66,274$53,595$43,005$34,271$27,149$10,009
21 years$62,455$49,921$39,556$31,103$24,295$8,420
22 years$58,987$46,600$36,457$28,280$21,777$7,090
23 years$55,826$43,584$33,662$25,755$19,549$5,975
24 years$52,932$40,835$31,131$23,490$17,571$5,038
25 years$50,274$38,322$28,834$21,452$15,811$4,250
26 years$47,824$36,016$26,742$19,615$14,242$3,587
27 years$45,560$33,896$24,832$17,954$12,840$3,029
28 years$43,461$31,940$23,085$16,450$11,586$2,558
29 years$41,511$30,131$21,482$15,085$10,462$2,161
30 years$39,694$28,456$20,010$13,844$9,453$1,826
31 years$37,997$26,900$18,655$12,715$8,546$1,543
32 years$36,410$25,453$17,405$11,685$7,731$1,305
33 years$34,922$24,105$16,251$10,745$6,996$1,103
34 years$33,524$22,846$15,184$9,887$6,334$932
35 years$32,209$21,669$14,196$9,101$5,737$788
36 years$30,971$20,567$13,280$8,382$5,198$667
37 years$29,801$19,534$12,430$7,723$4,711$564
38 years$28,696$18,564$11,640$7,118$4,271$477
39 years$27,651$17,653$10,906$6,564$3,873$403
40 years$26,660$16,795$10,222$6,054$3,513$341
41 years$25,719$15,987$9,585$5,585$3,187$289
42 years$24,826$15,226$8,991$5,155$2,892$244
43 years$23,977$14,507$8,437$4,758$2,625$206
44 years$23,169$13,828$7,919$4,394$2,383$175
45 years$22,399$13,186$7,436$4,058$2,163$148
46 years$21,664$12,579$6,984$3,748$1,964$125
47 years$20,963$12,005$6,561$3,463$1,783$106
48 years$20,293$11,460$6,166$3,200$1,619$89
49 years$19,652$10,944$5,796$2,957$1,471$76
50 years$19,039$10,454$5,449$2,733$1,336$64

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 $2,712 every year, while hoping to spend $46,184 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: 66/5/29 Blend
72$19,500,000$19,500,000$19,500,000$19,500,000
73$21,491,797$20,458,297$20,156,047$22,745,299
74$23,634,821$21,411,615$20,782,136$24,545,741
75$25,994,886$22,410,096$21,427,650$26,508,227
76$28,594,080$23,455,907$22,093,192$28,653,126
77$31,456,745$24,551,316$22,779,383$30,998,446
78$34,609,704$25,698,700$23,486,863$33,564,013
79$38,082,512$26,900,555$24,216,291$36,371,653
80$41,907,738$28,159,492$24,968,347$39,445,394
81$46,121,273$29,478,253$25,743,732$42,811,694
82$50,762,666$30,859,710$26,543,170$46,499,686
83$55,875,497$32,306,875$27,367,405$50,541,447
84$61,507,790$33,822,905$28,217,206$54,972,303
85$67,712,467$35,411,109$29,093,364$59,831,155
86$74,547,843$37,074,958$29,996,697$65,160,846
87$82,078,182$38,818,090$30,928,045$71,008,556
88$90,374,299$40,644,319$31,888,277$77,426,254
89$99,514,230$42,557,643$32,878,287$84,471,173
90$109,583,970$44,562,256$33,898,998$92,206,357
91$120,678,280$46,662,552$34,951,360$100,701,242
92$132,901,588$48,863,140$36,036,353$110,032,316
93$146,368,968$51,168,852$37,154,989$120,283,833
94$161,207,230$53,584,753$38,308,309$131,548,601
95$177,556,117$56,116,156$39,497,387$143,928,858
96$195,569,622$58,768,628$40,723,330$157,537,232
97$215,417,441$61,548,009$41,987,280$172,497,795
98$237,286,580$64,460,421$43,290,413$188,947,232
99$261,383,112$67,512,282$44,633,942$207,036,127
100$287,934,129$70,710,324$46,019,119$226,930,376