Can I retire at age 73 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$850,564$842,988$835,596$828,381$821,336$808,729
2 years$421,071$413,229$405,629$398,260$391,113$378,441
3 years$277,926$270,050$262,469$255,169$248,138$235,797
4 years$206,367$198,515$191,010$183,835$176,974$165,059
5 years$163,443$155,638$148,232$141,203$134,533$123,077
6 years$134,836$127,090$119,793$112,921$106,451$95,469
7 years$114,411$106,730$99,549$92,839$86,573$76,068
8 years$99,099$91,488$84,425$77,880$71,821$61,791
9 years$87,196$79,656$72,715$66,337$60,484$50,923
10 years$77,679$70,213$63,395$57,183$51,535$42,437
11 years$69,898$62,507$55,812$49,766$44,322$35,677
12 years$63,418$56,103$49,532$43,652$38,408$30,207
13 years$57,939$50,700$44,253$38,538$33,493$25,722
14 years$53,247$46,085$39,762$34,210$29,360$22,007
15 years$49,184$42,100$35,900$30,509$25,851$18,903
16 years$45,633$38,626$32,548$27,317$22,847$16,290
17 years$42,503$35,573$29,618$24,544$20,258$14,078
18 years$39,723$32,871$27,037$22,120$18,012$12,195
19 years$37,239$30,464$24,751$19,987$16,055$10,585
20 years$35,006$28,309$22,715$18,102$14,340$9,204
21 years$32,989$26,369$20,894$16,429$12,833$8,015
22 years$31,157$24,614$19,257$14,937$11,503$6,988
23 years$29,487$23,021$17,780$13,604$10,326$6,100
24 years$27,959$21,569$16,444$12,407$9,281$5,329
25 years$26,555$20,242$15,230$11,331$8,351$4,660
26 years$25,261$19,024$14,125$10,361$7,523$4,078
27 years$24,065$17,904$13,116$9,483$6,782$3,571
28 years$22,956$16,871$12,193$8,689$6,120$3,128
29 years$21,926$15,916$11,347$7,968$5,526$2,742
30 years$20,966$15,031$10,569$7,312$4,993$2,405
31 years$20,070$14,209$9,854$6,716$4,514$2,109
32 years$19,232$13,444$9,194$6,172$4,083$1,851
33 years$18,446$12,732$8,584$5,676$3,696$1,625
34 years$17,708$12,067$8,020$5,222$3,346$1,426
35 years$17,013$11,446$7,499$4,807$3,030$1,253
36 years$16,359$10,863$7,015$4,427$2,746$1,100
37 years$15,741$10,318$6,566$4,079$2,489$966
38 years$15,158$9,806$6,148$3,760$2,256$849
39 years$14,605$9,324$5,760$3,467$2,046$746
40 years$14,082$8,871$5,399$3,198$1,856$656
41 years$13,585$8,445$5,063$2,950$1,684$576
42 years$13,113$8,042$4,749$2,723$1,528$506
43 years$12,665$7,663$4,456$2,513$1,386$445
44 years$12,238$7,304$4,183$2,321$1,258$391
45 years$11,831$6,965$3,928$2,143$1,142$344
46 years$11,443$6,644$3,689$1,980$1,037$303
47 years$11,073$6,341$3,466$1,829$942$266
48 years$10,719$6,053$3,257$1,690$855$234
49 years$10,380$5,780$3,061$1,562$777$206
50 years$10,056$5,522$2,878$1,444$706$181

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $10,300,000, adding $3,794 every year, while hoping to spend $29,528 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: 41/39/20 Blend
72$10,300,000$10,300,000$10,300,000$10,300,000
73$11,354,514$10,808,614$10,648,964$11,752,984
74$12,481,256$11,306,818$10,974,286$12,535,523
75$13,721,937$11,828,445$11,309,518$13,378,850
76$15,088,147$12,374,611$11,654,958$14,291,044
77$16,592,657$12,946,486$12,010,918$15,278,420
78$18,249,541$13,545,296$12,377,717$16,347,903
79$20,074,306$14,172,328$12,755,683$17,507,095
80$22,084,042$14,828,929$13,145,155$18,764,338
81$24,297,579$15,516,511$13,546,483$20,128,790
82$26,735,667$16,236,555$13,960,025$21,610,507
83$29,421,172$16,990,613$14,386,153$23,220,531
84$32,379,290$17,780,312$14,825,247$24,970,990
85$35,637,787$18,607,356$15,277,702$26,875,210
86$39,227,258$19,473,534$15,743,922$28,947,829
87$43,181,420$20,380,718$16,224,324$31,204,932
88$47,537,424$21,330,873$16,719,339$33,664,200
89$52,336,214$22,326,058$17,229,409$36,345,064
90$57,622,904$23,368,431$17,754,991$39,268,886
91$63,447,211$24,460,255$18,296,554$42,459,152
92$69,863,921$25,603,902$18,854,583$45,941,685
93$76,933,405$26,801,858$19,429,576$49,744,883
94$84,722,193$28,056,729$20,022,047$53,899,978
95$93,303,597$29,371,249$20,632,526$58,441,322
96$102,758,407$30,748,283$21,261,558$63,406,701
97$113,175,648$32,190,833$21,909,704$68,837,685
98$124,653,429$33,702,048$22,577,544$74,780,008
99$137,299,860$35,285,230$23,265,673$81,283,992
100$151,234,078$36,943,839$23,974,706$88,405,006