Can I retire at age 73 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,535,425
2 years$805,350$790,351$775,815$761,721$748,050$712,494
3 years$531,567$516,503$502,004$488,042$474,594$440,073
4 years$394,702$379,685$365,330$351,607$338,484$305,264
5 years$312,605$297,677$283,511$270,068$257,310$225,484
6 years$257,891$243,076$229,119$215,975$203,601$173,202
7 years$218,825$204,135$190,399$177,565$165,582$136,616
8 years$189,539$174,981$161,474$148,955$137,366$109,822
9 years$166,773$152,353$139,077$126,877$115,682$89,539
10 years$148,571$134,291$121,251$109,369$98,567$73,797
11 years$133,688$119,552$106,747$95,184$84,771$61,341
12 years$121,294$107,303$94,735$83,489$73,461$51,334
13 years$110,815$96,971$84,640$73,708$64,059$43,194
14 years$101,841$88,144$76,049$65,430$56,154$36,508
15 years$94,071$80,521$68,662$58,352$49,442$30,971
16 years$87,278$73,876$62,253$52,248$43,697$26,355
17 years$81,291$68,037$56,647$46,944$38,745$22,484
18 years$75,975$62,870$51,712$42,306$34,450$19,223
19 years$71,225$58,267$47,339$38,227$30,706$16,465
20 years$66,954$54,144$43,446$34,622$27,427$14,124
21 years$63,095$50,433$39,962$31,422$24,544$12,132
22 years$59,592$47,078$36,831$28,570$22,001$10,433
23 years$56,398$44,031$34,007$26,019$19,749$8,980
24 years$53,475$41,254$31,451$23,731$17,751$7,735
25 years$50,790$38,715$29,130$21,672$15,973$6,668
26 years$48,315$36,386$27,016$19,816$14,388$5,752
27 years$46,027$34,243$25,087$18,138$12,972$4,964
28 years$43,907$32,267$23,322$16,618$11,705$4,286
29 years$41,936$30,440$21,703$15,239$10,569$3,702
30 years$40,101$28,748$20,215$13,986$9,550$3,198
31 years$38,387$27,176$18,846$12,845$8,634$2,764
32 years$36,783$25,714$17,584$11,805$7,810$2,389
33 years$35,280$24,352$16,418$10,856$7,068$2,066
34 years$33,868$23,080$15,340$9,988$6,399$1,787
35 years$32,540$21,891$14,342$9,195$5,796$1,545
36 years$31,288$20,778$13,416$8,468$5,252$1,337
37 years$30,107$19,734$12,558$7,802$4,760$1,156
38 years$28,991$18,754$11,760$7,191$4,315$1,001
39 years$27,934$17,834$11,017$6,631$3,913$866
40 years$26,933$16,967$10,327$6,116$3,549$749
41 years$25,983$16,151$9,683$5,643$3,220$648
42 years$25,081$15,382$9,083$5,208$2,922$561
43 years$24,223$14,656$8,523$4,807$2,652$486
44 years$23,406$13,970$8,001$4,439$2,407$420
45 years$22,628$13,322$7,512$4,099$2,185$364
46 years$21,886$12,708$7,056$3,787$1,984$315
47 years$21,178$12,128$6,629$3,498$1,802$273
48 years$20,501$11,577$6,229$3,233$1,636$236
49 years$19,854$11,056$5,855$2,987$1,486$204
50 years$19,234$10,561$5,505$2,761$1,350$177

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $19,700,000, adding $5,865 every year, while hoping to spend $22,872 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: 47/39/14 Blend
72$19,700,000$19,700,000$19,700,000$19,700,000
73$21,715,450$20,671,350$20,366,000$22,650,478
74$23,906,090$21,659,910$21,023,925$24,286,904
75$26,319,409$22,696,144$21,703,124$26,059,120
76$28,978,096$23,782,362$22,404,286$27,982,051
77$31,907,153$24,920,989$23,128,121$30,069,741
78$35,134,133$26,114,568$23,875,363$32,337,606
79$38,689,397$27,365,764$24,646,770$34,802,574
80$42,606,402$28,677,373$25,443,124$37,483,229
81$46,922,019$30,052,328$26,265,233$40,399,984
82$51,676,876$31,493,704$27,113,929$43,575,262
83$56,915,747$33,004,724$27,990,075$47,033,696
84$62,687,968$34,588,771$28,894,558$50,802,353
85$69,047,911$36,249,391$29,828,296$54,910,975
86$76,055,490$37,990,303$30,792,236$59,392,255
87$83,776,730$39,815,408$31,787,355$64,282,126
88$92,284,389$41,728,795$32,814,664$69,620,093
89$101,658,646$43,734,756$33,875,205$75,449,588
90$111,987,856$45,837,787$34,970,053$81,818,372
91$123,369,387$48,042,608$36,100,319$88,778,965
92$135,910,535$50,354,167$37,267,150$96,389,131
93$149,729,540$52,777,652$38,471,731$104,712,405
94$164,956,703$55,318,506$39,715,283$113,818,679
95$181,735,610$57,982,436$40,999,068$123,784,840
96$200,224,496$60,775,429$42,324,391$134,695,481
97$220,597,731$63,703,762$43,692,595$146,643,679
98$243,047,472$66,774,018$45,105,069$159,731,854
99$267,785,473$69,993,104$46,563,247$174,072,714
100$295,045,085$73,368,260$48,068,610$189,790,298