Can I retire at age 73 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$858,822$851,172$843,709$836,424$829,311$797,036
2 years$425,160$417,241$409,567$402,127$394,910$362,784
3 years$280,624$272,672$265,017$257,647$250,547$219,581
4 years$208,371$200,443$192,865$185,620$178,692$149,121
5 years$165,030$157,149$149,671$142,574$135,839$107,739
6 years$136,145$128,324$120,956$114,017$107,485$80,875
7 years$115,522$107,767$100,515$93,740$87,414$62,285
8 years$100,061$92,376$85,245$78,636$72,518$48,845
9 years$88,043$80,430$73,421$66,981$61,071$38,819
10 years$78,433$70,895$64,010$57,738$52,035$31,162
11 years$70,576$63,114$56,354$50,249$44,752$25,210
12 years$64,033$56,647$50,013$44,075$38,781$20,519
13 years$58,502$51,193$44,683$38,912$33,818$16,781
14 years$53,764$46,533$40,148$34,542$29,645$13,777
15 years$49,662$42,508$36,248$30,805$26,102$11,346
16 years$46,076$39,001$32,864$27,583$23,069$9,367
17 years$42,915$35,918$29,905$24,783$20,454$7,749
18 years$40,109$33,190$27,299$22,334$18,187$6,422
19 years$37,601$30,760$24,991$20,181$16,210$5,329
20 years$35,346$28,584$22,936$18,278$14,479$4,427
21 years$33,309$26,625$21,097$16,588$12,957$3,682
22 years$31,460$24,853$19,444$15,082$11,615$3,064
23 years$29,774$23,245$17,953$13,736$10,426$2,551
24 years$28,230$21,779$16,603$12,528$9,371$2,126
25 years$26,813$20,438$15,378$11,441$8,432$1,772
26 years$25,506$19,209$14,262$10,461$7,596$1,478
27 years$24,299$18,078$13,244$9,575$6,848$1,233
28 years$23,179$17,034$12,312$8,773$6,179$1,028
29 years$22,139$16,070$11,457$8,045$5,580$858
30 years$21,170$15,176$10,672$7,383$5,042$716
31 years$20,265$14,347$9,949$6,781$4,558$598
32 years$19,418$13,575$9,283$6,232$4,123$499
33 years$18,625$12,856$8,667$5,731$3,731$417
34 years$17,880$12,184$8,098$5,273$3,378$348
35 years$17,178$11,557$7,571$4,854$3,060$291
36 years$16,518$10,969$7,083$4,470$2,772$243
37 years$15,894$10,418$6,629$4,119$2,513$203
38 years$15,305$9,901$6,208$3,796$2,278$169
39 years$14,747$9,415$5,816$3,501$2,066$141
40 years$14,218$8,957$5,452$3,229$1,874$118
41 years$13,717$8,527$5,112$2,979$1,700$99
42 years$13,241$8,120$4,795$2,749$1,543$82
43 years$12,788$7,737$4,500$2,538$1,400$69
44 years$12,357$7,375$4,224$2,343$1,271$58
45 years$11,946$7,033$3,966$2,164$1,154$48
46 years$11,554$6,709$3,725$1,999$1,047$40
47 years$11,180$6,402$3,499$1,847$951$34
48 years$10,823$6,112$3,288$1,707$864$28
49 years$10,481$5,837$3,091$1,577$784$23
50 years$10,154$5,575$2,906$1,458$713$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $10,400,000, adding $5,327 every year, while hoping to spend $51,524 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: 61/21/18 Blend
72$10,400,000$10,400,000$10,400,000$10,400,000
73$11,466,295$10,915,095$10,753,895$12,112,474
74$12,581,036$11,395,113$11,059,329$13,029,126
75$13,807,753$11,896,926$11,373,269$14,022,832
76$15,157,815$12,421,546$11,695,944$15,106,106
77$16,643,745$12,970,035$12,027,591$16,287,646
78$18,279,346$13,543,505$12,368,454$17,577,018
79$20,079,822$14,143,120$12,718,780$18,984,748
80$22,061,930$14,770,099$13,078,826$20,522,416
81$24,244,134$15,425,721$13,448,853$22,202,764
82$26,646,777$16,111,322$13,829,131$24,039,811
83$29,292,276$16,828,305$14,219,935$26,048,987
84$32,205,333$17,578,137$14,621,547$28,247,274
85$35,413,167$18,362,356$15,034,259$30,653,362
86$38,945,771$19,182,572$15,458,368$33,287,822
87$42,836,196$20,040,474$15,894,179$36,173,301
88$47,120,859$20,937,829$16,342,006$39,334,728
89$51,839,892$21,876,488$16,802,169$42,799,547
90$57,037,517$22,858,391$17,274,997$46,597,975
91$62,762,463$23,885,572$17,760,829$50,763,277
92$69,068,428$24,960,159$18,260,010$55,332,086
93$76,014,584$26,084,382$18,772,896$60,344,735
94$83,666,134$27,260,580$19,299,851$65,845,639
95$92,094,931$28,491,200$19,841,248$71,883,707
96$101,380,154$29,778,808$20,397,469$78,512,800
97$111,609,053$31,126,093$20,968,908$85,792,237
98$122,877,775$32,535,871$21,555,965$93,787,345
99$135,292,272$34,011,092$22,159,054$102,570,072
100$148,969,298$35,554,850$22,778,596$112,219,665