Can I retire at age 73 with 14,500,000?

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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,114,782
2 years$592,771$581,731$571,031$560,658$550,595$509,266
3 years$391,255$380,167$369,495$359,219$349,320$309,428
4 years$290,517$279,463$268,898$258,797$249,138$210,988
5 years$230,090$219,103$208,676$198,781$189,391$153,082
6 years$189,818$178,914$168,641$158,967$149,859$115,419
7 years$161,064$150,252$140,141$130,695$121,875$89,296
8 years$139,508$128,793$118,851$109,637$101,107$70,362
9 years$122,752$112,138$102,366$93,386$85,147$56,194
10 years$109,354$98,844$89,245$80,500$72,549$45,340
11 years$98,400$87,995$78,570$70,059$62,395$36,871
12 years$89,277$78,980$69,729$61,451$54,070$30,171
13 years$81,565$71,374$62,298$54,252$47,150$24,810
14 years$74,959$64,877$55,975$48,159$41,332$20,483
15 years$69,240$59,267$50,538$42,949$36,392$16,965
16 years$64,240$54,376$45,820$38,457$32,163$14,088
17 years$59,834$50,078$41,695$34,553$28,518$11,724
18 years$55,921$46,275$38,062$31,139$25,357$9,774
19 years$52,424$42,887$34,844$28,137$22,601$8,160
20 years$49,281$39,852$31,978$25,483$20,188$6,821
21 years$46,441$37,121$29,413$23,128$18,066$5,707
22 years$43,862$34,651$27,109$21,028$16,193$4,780
23 years$41,511$32,408$25,030$19,151$14,536$4,005
24 years$39,360$30,365$23,149$17,467$13,065$3,359
25 years$37,383$28,496$21,441$15,952$11,757$2,818
26 years$35,562$26,781$19,885$14,585$10,590$2,365
27 years$33,878$25,204$18,465$13,350$9,548$1,985
28 years$32,317$23,750$17,166$12,232$8,615$1,667
29 years$30,867$22,405$15,974$11,217$7,779$1,400
30 years$29,516$21,160$14,879$10,294$7,029$1,177
31 years$28,254$20,003$13,871$9,454$6,355$989
32 years$27,074$18,927$12,942$8,689$5,749$831
33 years$25,967$17,924$12,084$7,990$5,202$698
34 years$24,928$16,988$11,291$7,352$4,710$587
35 years$23,951$16,113$10,556$6,768$4,266$494
36 years$23,029$15,293$9,875$6,233$3,865$415
37 years$22,160$14,525$9,243$5,743$3,503$349
38 years$21,338$13,804$8,656$5,293$3,176$293
39 years$20,561$13,126$8,109$4,881$2,880$247
40 years$19,824$12,489$7,601$4,502$2,612$207
41 years$19,125$11,888$7,127$4,153$2,370$174
42 years$18,461$11,322$6,686$3,833$2,151$147
43 years$17,829$10,787$6,273$3,538$1,952$123
44 years$17,228$10,282$5,889$3,267$1,772$104
45 years$16,655$9,805$5,529$3,017$1,608$87
46 years$16,109$9,354$5,193$2,787$1,460$73
47 years$15,588$8,926$4,879$2,575$1,326$62
48 years$15,089$8,521$4,585$2,379$1,204$52
49 years$14,613$8,138$4,310$2,199$1,094$44
50 years$14,157$7,773$4,052$2,032$993$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $14,500,000, adding $6,309 every year, while hoping to spend $55,308 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: 30/46/24 Blend
72$14,500,000$14,500,000$14,500,000$14,500,000
73$15,985,508$15,217,008$14,992,258$16,345,905
74$17,557,182$15,903,794$15,435,651$17,310,880
75$19,287,314$16,622,379$15,892,044$18,342,925
76$21,192,007$17,374,262$16,361,815$19,452,069
77$23,289,006$18,161,016$16,845,350$20,645,034
78$25,597,865$18,984,286$17,343,050$21,929,177
79$28,140,129$19,845,797$17,855,324$23,312,556
80$30,939,539$20,747,359$18,382,594$24,803,997
81$34,022,256$21,690,863$18,925,295$26,413,171
82$37,417,107$22,678,297$19,483,874$28,150,675
83$41,155,858$23,711,739$20,058,789$30,028,130
84$45,273,510$24,793,369$20,650,513$32,058,277
85$49,808,635$25,925,471$21,259,532$34,255,090
86$54,803,736$27,110,439$21,886,346$36,633,899
87$60,305,647$28,350,781$22,531,469$39,211,526
88$66,365,980$29,649,125$23,195,430$42,006,434
89$73,041,604$31,008,227$23,878,771$45,038,887
90$80,395,190$32,430,972$24,582,053$48,331,137
91$88,495,798$33,920,388$25,305,850$51,907,618
92$97,419,527$35,479,645$26,050,753$55,795,164
93$107,250,237$37,112,065$26,817,371$60,023,255
94$118,080,337$38,821,133$27,606,330$64,624,277
95$130,011,661$40,610,498$28,418,271$69,633,818
96$143,156,425$42,483,987$29,253,857$75,090,987
97$157,638,287$44,445,609$30,113,768$81,038,768
98$173,593,516$46,499,567$30,998,703$87,524,414
99$191,172,276$48,650,268$31,909,382$94,599,875
100$210,540,045$50,902,327$32,846,543$102,322,268