Can I retire at age 73 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$982,691$973,938$965,398$957,062$948,923$932,052
2 years$486,481$477,420$468,640$460,126$451,868$434,929
3 years$321,099$311,999$303,241$294,807$286,684$270,203
4 years$238,424$229,353$220,682$212,392$204,465$188,571
5 years$188,832$179,815$171,258$163,137$155,431$140,168
6 years$155,782$146,833$138,402$130,462$122,987$108,373
7 years$132,184$123,310$115,013$107,260$100,022$86,060
8 years$114,493$105,699$97,540$89,978$82,978$69,665
9 years$100,741$92,030$84,011$76,641$69,879$57,209
10 years$89,746$81,120$73,243$66,065$59,541$47,500
11 years$80,756$72,217$64,482$57,497$51,207$39,784
12 years$73,269$64,818$57,226$50,432$44,375$33,553
13 years$66,939$58,576$51,128$44,524$38,696$28,459
14 years$61,518$53,244$45,938$39,524$33,920$24,251
15 years$56,825$48,640$41,476$35,248$29,866$20,745
16 years$52,721$44,626$37,604$31,561$26,396$17,803
17 years$49,105$41,099$34,218$28,357$23,404$15,319
18 years$45,894$37,977$31,237$25,556$20,810$13,213
19 years$43,024$35,197$28,596$23,092$18,548$11,418
20 years$40,444$32,707$26,244$20,914$16,568$9,884
21 years$38,113$30,465$24,139$18,981$14,826$8,568
22 years$35,997$28,438$22,248$17,258$13,290$7,436
23 years$34,068$26,597$20,542$15,717$11,930$6,461
24 years$32,302$24,920$18,998$14,335$10,723$5,618
25 years$30,680$23,386$17,596$13,091$9,649$4,890
26 years$29,185$21,979$16,319$11,970$8,691$4,258
27 years$27,803$20,685$15,154$10,957$7,836$3,711
28 years$26,523$19,491$14,088$10,039$7,070$3,235
29 years$25,332$18,388$13,110$9,206$6,384$2,822
30 years$24,223$17,365$12,211$8,448$5,769$2,462
31 years$23,188$16,416$11,384$7,759$5,215$2,149
32 years$22,219$15,533$10,622$7,131$4,718$1,877
33 years$21,311$14,710$9,917$6,557$4,270$1,639
34 years$20,458$13,942$9,266$6,033$3,866$1,432
35 years$19,656$13,223$8,663$5,554$3,501$1,251
36 years$18,900$12,551$8,104$5,115$3,172$1,093
37 years$18,186$11,921$7,586$4,713$2,875$955
38 years$17,512$11,329$7,104$4,344$2,607$835
39 years$16,874$10,773$6,655$4,005$2,364$730
40 years$16,269$10,249$6,238$3,694$2,144$638
41 years$15,695$9,756$5,849$3,409$1,945$558
42 years$15,150$9,292$5,487$3,146$1,765$488
43 years$14,632$8,853$5,149$2,904$1,602$427
44 years$14,139$8,439$4,833$2,681$1,454$373
45 years$13,669$8,047$4,538$2,476$1,320$326
46 years$13,221$7,677$4,262$2,287$1,198$285
47 years$12,793$7,326$4,004$2,113$1,088$250
48 years$12,384$6,994$3,763$1,953$988$218
49 years$11,993$6,678$3,537$1,805$898$191
50 years$11,619$6,379$3,325$1,668$815$167

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $11,900,000, adding $6,298 every year, while hoping to spend $30,614 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: 88/6/6 Blend
72$11,900,000$11,900,000$11,900,000$11,900,000
73$13,120,296$12,489,596$12,305,146$14,272,061
74$14,425,994$13,069,014$12,684,796$15,601,984
75$15,863,846$13,675,796$13,076,137$17,058,911
76$17,447,301$14,311,253$13,479,530$18,659,593
77$19,191,176$14,976,755$13,895,345$20,418,508
78$21,111,801$15,673,741$14,323,964$22,351,607
79$23,227,168$16,403,717$14,765,780$24,476,456
80$25,557,104$17,168,264$15,221,199$26,812,410
81$28,123,457$17,969,038$15,690,638$29,380,785
82$30,950,304$18,807,775$16,174,529$32,205,065
83$34,064,174$19,686,295$16,673,315$35,311,120
84$37,494,303$20,606,507$17,187,453$38,727,450
85$41,272,906$21,570,409$17,717,417$42,485,451
86$45,435,482$22,580,100$18,263,691$46,619,712
87$50,021,153$23,637,776$18,826,776$51,168,341
88$55,073,027$24,745,744$19,407,189$56,173,318
89$60,638,608$25,906,417$20,005,463$61,680,898
90$66,770,245$27,122,330$20,622,144$67,742,038
91$73,525,623$28,396,138$21,257,799$74,412,884
92$80,968,311$29,730,623$21,913,010$81,755,292
93$89,168,361$31,128,705$22,588,378$89,837,417
94$98,202,966$32,593,444$23,284,520$98,734,349
95$108,157,192$34,128,047$24,002,076$108,528,824
96$119,124,782$35,735,877$24,741,701$119,312,001
97$131,209,036$37,420,461$25,504,075$131,184,322
98$144,523,790$39,185,496$26,289,893$144,256,456
99$159,194,489$41,034,858$27,099,877$158,650,343
100$175,359,371$42,972,610$27,934,767$174,500,344