Can I retire at age 73 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$900,112$892,094$884,272$876,637$869,181$848,514
2 years$445,600$437,301$429,258$421,460$413,896$393,194
3 years$294,116$285,781$277,758$270,033$262,593$242,504
4 years$218,389$210,079$202,137$194,544$187,283$167,963
5 years$172,964$164,705$156,867$149,428$142,370$123,871
6 years$142,691$134,494$126,772$119,499$112,652$94,994
7 years$121,076$112,948$105,348$98,247$91,616$74,801
8 years$104,872$96,817$89,343$82,417$76,005$60,026
9 years$92,275$84,297$76,951$70,201$64,007$48,851
10 years$82,204$74,303$67,088$60,514$54,537$40,188
11 years$73,969$66,148$59,063$52,665$46,904$33,341
12 years$67,112$59,371$52,417$46,194$40,646$27,847
13 years$61,314$53,654$46,831$40,783$35,444$23,385
14 years$56,349$48,770$42,078$36,202$31,070$19,725
15 years$52,049$44,552$37,991$32,286$27,356$16,698
16 years$48,291$40,876$34,444$28,909$24,178$14,179
17 years$44,978$37,645$31,343$25,974$21,438$12,070
18 years$42,037$34,786$28,612$23,408$19,061$10,297
19 years$39,408$32,239$26,193$21,151$16,990$8,800
20 years$37,046$29,958$24,039$19,156$15,176$7,532
21 years$34,911$27,905$22,111$17,386$13,580$6,454
22 years$32,972$26,048$20,379$15,808$12,173$5,537
23 years$31,205$24,362$18,816$14,396$10,927$4,755
24 years$29,588$22,826$17,402$13,130$9,822$4,086
25 years$28,102$21,421$16,117$11,991$8,838$3,514
26 years$26,733$20,132$14,948$10,964$7,961$3,024
27 years$25,467$18,947$13,881$10,036$7,177$2,603
28 years$24,294$17,853$12,904$9,195$6,476$2,242
29 years$23,203$16,843$12,008$8,432$5,848$1,932
30 years$22,188$15,906$11,185$7,738$5,284$1,665
31 years$21,239$15,037$10,428$7,107$4,777$1,435
32 years$20,352$14,228$9,729$6,532$4,321$1,238
33 years$19,520$13,474$9,084$6,006$3,911$1,068
34 years$18,739$12,770$8,488$5,526$3,541$921
35 years$18,004$12,112$7,935$5,087$3,207$794
36 years$17,312$11,496$7,423$4,685$2,906$686
37 years$16,658$10,919$6,948$4,317$2,634$592
38 years$16,041$10,377$6,507$3,979$2,388$511
39 years$15,456$9,867$6,096$3,669$2,165$441
40 years$14,902$9,388$5,714$3,384$1,964$380
41 years$14,376$8,936$5,358$3,122$1,782$328
42 years$13,877$8,511$5,026$2,881$1,617$283
43 years$13,403$8,109$4,716$2,660$1,467$245
44 years$12,951$7,730$4,427$2,456$1,332$211
45 years$12,520$7,371$4,157$2,268$1,209$182
46 years$12,110$7,032$3,904$2,095$1,098$157
47 years$11,718$6,710$3,668$1,936$997$136
48 years$11,343$6,406$3,447$1,789$905$117
49 years$10,985$6,117$3,240$1,653$822$101
50 years$10,642$5,843$3,046$1,528$747$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $10,900,000, adding $4,930 every year, while hoping to spend $36,519 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: 42/38/20 Blend
72$10,900,000$10,900,000$10,900,000$10,900,000
73$12,016,885$11,439,185$11,270,235$12,450,994
74$13,203,752$11,960,849$11,608,932$13,281,273
75$14,510,454$12,506,851$11,957,752$14,175,899
76$15,949,178$13,078,344$12,316,994$15,143,948
77$17,533,350$13,676,539$12,686,968$16,192,181
78$19,277,764$14,302,701$13,067,994$17,328,015
79$21,198,722$14,958,160$13,460,398$18,559,595
80$23,314,189$15,644,307$13,864,518$19,895,859
81$25,643,959$16,362,601$14,280,703$21,346,621
82$28,209,844$17,114,570$14,709,308$22,922,663
83$31,035,882$17,901,817$15,150,704$24,635,822
84$34,148,557$18,726,022$15,605,268$26,499,105
85$37,577,057$19,588,943$16,073,390$28,526,804
86$41,353,541$20,492,426$16,555,474$30,734,623
87$45,513,451$21,438,404$17,051,931$33,139,820
88$50,095,841$22,428,903$17,563,188$35,761,368
89$55,143,744$23,466,047$18,089,683$38,620,121
90$60,704,585$24,552,062$18,631,866$41,739,010
91$66,830,621$25,689,282$19,190,202$45,143,248
92$73,579,439$26,880,151$19,765,168$48,860,562
93$81,014,497$28,127,234$20,357,257$52,921,447
94$89,205,725$29,433,218$20,966,974$57,359,446
95$98,230,183$30,800,919$21,594,841$62,211,454
96$108,172,787$32,233,290$22,241,394$67,518,063
97$119,127,116$33,733,426$22,907,185$73,323,933
98$131,196,288$35,304,570$23,592,783$79,678,201
99$144,493,940$36,950,124$24,298,771$86,634,940
100$159,145,294$38,673,652$25,025,752$94,253,654