Can I retire at age 73 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$891,854$883,910$876,159$868,594$861,207$839,026
2 years$441,512$433,289$425,320$417,593$410,099$387,899
3 years$291,417$283,159$275,210$267,556$260,183$238,660
4 years$216,385$208,152$200,283$192,759$185,565$164,883
5 years$171,377$163,194$155,427$148,057$141,064$121,281
6 years$141,382$133,260$125,608$118,403$111,619$92,754
7 years$119,965$111,911$104,381$97,345$90,776$72,831
8 years$103,910$95,929$88,524$81,661$75,307$58,274
9 years$91,429$83,523$76,245$69,557$63,420$47,283
10 years$81,450$73,622$66,472$59,959$54,037$38,777
11 years$73,291$65,541$58,521$52,182$46,473$32,068
12 years$66,496$58,826$51,936$45,771$40,273$26,696
13 years$60,752$53,162$46,401$40,409$35,119$22,343
14 years$55,832$48,322$41,692$35,870$30,785$18,782
15 years$51,572$44,143$37,642$31,990$27,105$15,844
16 years$47,848$40,501$34,128$28,644$23,956$13,406
17 years$44,566$37,300$31,055$25,736$21,241$11,371
18 years$41,651$34,467$28,349$23,193$18,886$9,665
19 years$39,047$31,943$25,953$20,957$16,834$8,229
20 years$36,706$29,683$23,818$18,981$15,036$7,016
21 years$34,590$27,649$21,908$17,226$13,456$5,990
22 years$32,670$25,809$20,192$15,663$12,061$5,119
23 years$30,919$24,139$18,643$14,264$10,827$4,378
24 years$29,316$22,616$17,242$13,010$9,731$3,748
25 years$27,844$21,224$15,970$11,881$8,757$3,210
26 years$26,487$19,948$14,811$10,864$7,888$2,751
27 years$25,233$18,773$13,753$9,944$7,112$2,359
28 years$24,071$17,690$12,785$9,111$6,417$2,024
29 years$22,991$16,688$11,898$8,355$5,794$1,736
30 years$21,984$15,760$11,082$7,667$5,235$1,490
31 years$21,044$14,899$10,332$7,042$4,733$1,279
32 years$20,165$14,097$9,640$6,472$4,282$1,099
33 years$19,341$13,350$9,001$5,951$3,875$944
34 years$18,567$12,653$8,410$5,476$3,508$811
35 years$17,839$12,001$7,863$5,041$3,178$696
36 years$17,153$11,391$7,355$4,642$2,879$598
37 years$16,505$10,819$6,884$4,277$2,609$514
38 years$15,893$10,282$6,447$3,942$2,366$442
39 years$15,314$9,777$6,040$3,635$2,145$380
40 years$14,765$9,302$5,661$3,353$1,946$326
41 years$14,245$8,854$5,309$3,093$1,765$281
42 years$13,750$8,433$4,980$2,855$1,602$241
43 years$13,280$8,035$4,673$2,635$1,454$207
44 years$12,832$7,659$4,386$2,433$1,320$178
45 years$12,405$7,303$4,118$2,247$1,198$153
46 years$11,998$6,967$3,868$2,076$1,088$132
47 years$11,610$6,649$3,634$1,918$988$113
48 years$11,239$6,347$3,415$1,772$897$97
49 years$10,884$6,061$3,210$1,638$815$84
50 years$10,545$5,790$3,018$1,514$740$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $10,800,000, adding $4,102 every year, while hoping to spend $40,139 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: 76/9/15 Blend
72$10,800,000$10,800,000$10,800,000$10,800,000
73$11,905,831$11,333,431$11,166,031$12,772,007
74$13,077,518$11,846,062$11,497,386$13,857,166
75$14,367,372$12,382,466$11,838,495$15,041,084
76$15,787,404$12,943,766$12,189,644$16,337,938
77$17,350,847$13,531,139$12,551,125$17,758,970
78$19,072,285$14,145,816$12,923,240$19,316,556
79$20,967,787$14,789,090$13,306,297$21,024,324
80$23,055,059$15,462,313$13,700,616$22,897,281
81$25,353,612$16,166,904$14,106,523$24,951,952
82$27,884,946$16,904,348$14,524,358$27,206,538
83$30,672,753$17,676,202$14,954,465$29,681,079
84$33,743,137$18,484,099$15,397,203$32,397,651
85$37,124,865$19,329,749$15,852,938$35,380,564
86$40,849,638$20,214,943$16,322,048$38,656,595
87$44,952,386$21,141,560$16,804,922$42,255,238
88$49,471,600$22,111,568$17,301,958$46,208,977
89$54,449,698$23,127,029$17,813,568$50,553,596
90$59,933,420$24,190,106$18,340,175$55,328,511
91$65,974,271$25,303,064$18,882,214$60,577,141
92$72,629,011$26,468,278$19,440,131$66,347,315
93$79,960,182$27,688,236$20,014,388$72,691,723
94$88,036,708$28,965,547$20,605,457$79,668,407
95$96,934,538$30,302,945$21,213,826$87,341,312
96$106,737,367$31,703,294$21,839,995$95,780,880
97$117,537,422$33,169,600$22,484,479$105,064,719
98$129,436,338$34,705,009$23,147,807$115,278,328
99$142,546,111$36,312,821$23,830,525$126,515,903
100$156,990,160$37,996,495$24,533,194$138,881,224