Can I retire at age 73 with 10,100,000?

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 $10,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$834,049$826,619$819,371$812,296$805,388$795,984
2 years$412,895$405,206$397,753$390,527$383,518$374,053
3 years$272,529$264,806$257,372$250,214$243,320$234,087
4 years$202,360$194,661$187,301$180,265$173,538$164,608
5 years$160,269$152,616$145,353$138,461$131,921$123,321
6 years$132,218$124,623$117,467$110,728$104,384$96,124
7 years$112,190$104,658$97,616$91,036$84,892$76,976
8 years$97,175$89,711$82,786$76,368$70,426$62,852
9 years$85,503$78,110$71,303$65,048$59,309$52,075
10 years$76,171$68,850$62,164$56,072$50,534$43,635
11 years$68,540$61,293$54,728$48,800$43,461$36,891
12 years$62,186$55,013$48,570$42,804$37,663$31,414
13 years$56,814$49,716$43,394$37,789$32,843$26,908
14 years$52,213$45,190$38,990$33,545$28,790$23,160
15 years$48,229$41,282$35,202$29,917$25,349$20,016
16 years$44,747$37,876$31,916$26,787$22,403$17,358
17 years$41,677$34,882$29,042$24,068$19,864$15,096
18 years$38,952$32,233$26,512$21,690$17,662$13,162
19 years$36,516$29,873$24,270$19,599$15,743$11,500
20 years$34,327$27,759$22,274$17,750$14,062$10,066
21 years$32,348$25,857$20,488$16,110$12,584$8,825
22 years$30,552$24,136$18,883$14,647$11,280$7,747
23 years$28,915$22,574$17,435$13,340$10,125$6,809
24 years$27,416$21,151$16,124$12,167$9,101$5,991
25 years$26,039$19,849$14,934$11,111$8,189$5,276
26 years$24,771$18,655$13,851$10,159$7,377$4,650
27 years$23,598$17,556$12,862$9,299$6,651$4,101
28 years$22,511$16,543$11,957$8,520$6,001$3,619
29 years$21,500$15,607$11,127$7,813$5,419$3,196
30 years$20,559$14,739$10,364$7,170$4,896$2,823
31 years$19,680$13,933$9,662$6,586$4,427$2,495
32 years$18,858$13,183$9,015$6,052$4,004$2,206
33 years$18,088$12,485$8,417$5,566$3,624$1,951
34 years$17,364$11,833$7,865$5,121$3,281$1,725
35 years$16,683$11,223$7,353$4,714$2,972$1,527
36 years$16,041$10,653$6,878$4,341$2,692$1,351
37 years$15,436$10,117$6,438$4,000$2,440$1,196
38 years$14,863$9,615$6,029$3,687$2,212$1,059
39 years$14,322$9,143$5,649$3,400$2,006$938
40 years$13,808$8,699$5,294$3,136$1,820$830
41 years$13,321$8,281$4,964$2,893$1,651$735
42 years$12,859$7,886$4,657$2,670$1,498$651
43 years$12,419$7,514$4,370$2,465$1,360$577
44 years$12,000$7,162$4,102$2,276$1,234$511
45 years$11,601$6,830$3,851$2,102$1,120$453
46 years$11,221$6,515$3,617$1,941$1,017$401
47 years$10,858$6,218$3,398$1,794$924$356
48 years$10,511$5,936$3,194$1,657$839$315
49 years$10,179$5,668$3,002$1,532$762$279
50 years$9,861$5,415$2,822$1,416$692$248

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $10,100,000, adding $6,651 every year, while hoping to spend $56,026 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: 52/26/22 Blend
72$10,100,000$10,100,000$10,100,000$10,100,000
73$11,137,061$10,601,761$10,445,211$11,647,931
74$12,213,429$11,061,636$10,735,514$12,461,028
75$13,397,710$11,542,167$11,033,665$13,338,657
76$14,700,851$12,044,307$11,339,866$14,292,125
77$16,134,914$12,569,054$11,654,328$15,328,665
78$17,713,190$13,117,453$11,977,263$16,456,228
79$19,450,325$13,690,598$12,308,891$17,683,553
80$21,362,455$14,289,634$12,649,436$19,020,251
81$23,467,361$14,915,761$12,999,127$20,476,891
82$25,784,634$15,570,236$13,358,200$22,065,095
83$28,335,862$16,254,373$13,726,895$23,797,649
84$31,144,833$16,969,550$14,105,459$25,688,615
85$34,237,758$17,717,211$14,494,145$27,753,464
86$37,643,521$18,498,865$14,893,210$30,009,220
87$41,393,947$19,316,097$15,302,920$32,474,611
88$45,524,107$20,170,562$15,723,544$35,170,247
89$50,072,644$21,063,998$16,155,361$38,118,811
90$55,082,141$21,998,222$16,598,654$41,345,263
91$60,599,524$22,975,138$17,053,712$44,877,081
92$66,676,498$23,996,743$17,520,834$48,744,504
93$73,370,041$25,065,124$18,000,323$52,980,824
94$80,742,941$26,182,471$18,492,490$57,622,688
95$88,864,385$27,351,076$18,997,652$62,710,440
96$97,810,615$28,573,342$19,516,136$68,288,499
97$107,665,646$29,851,783$20,048,275$74,405,772
98$118,522,057$31,189,036$20,594,407$81,116,107
99$130,481,870$32,587,862$21,154,883$88,478,798
100$143,657,506$34,051,152$21,730,057$96,559,138