Can I retire at age 73 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,178,192
2 years$609,123$597,778$586,784$576,124$565,784$555,751
3 years$402,048$390,655$379,688$369,128$358,957$349,156
4 years$298,531$287,173$276,316$265,936$256,011$246,518
5 years$236,437$225,147$214,432$204,264$194,615$185,459
6 years$195,055$183,849$173,293$163,352$153,993$145,184
7 years$165,507$154,396$144,007$134,301$125,237$116,780
8 years$143,357$132,346$122,130$112,661$103,896$95,790
9 years$126,138$115,231$105,190$95,963$87,496$79,739
10 years$112,371$101,571$91,707$82,721$74,551$67,138
11 years$101,114$90,422$80,738$71,992$64,116$57,043
12 years$91,740$81,158$71,653$63,146$55,562$48,821
13 years$83,815$73,343$64,017$55,749$48,451$42,035
14 years$77,027$66,667$57,519$49,488$42,472$36,372
15 years$71,150$60,902$51,932$44,134$37,395$31,604
16 years$66,013$55,876$47,084$39,517$33,050$27,558
17 years$61,484$51,460$42,845$35,506$29,305$24,102
18 years$57,464$47,551$39,112$31,998$26,056$21,134
19 years$53,870$44,070$35,805$28,913$23,225$18,572
20 years$50,640$40,952$32,860$26,186$20,745$16,352
21 years$47,722$38,145$30,225$23,766$18,564$14,421
22 years$45,072$35,607$27,857$21,609$16,640$12,737
23 years$42,657$33,303$25,721$19,679$14,937$11,263
24 years$40,446$31,202$23,787$17,949$13,426$9,972
25 years$38,415$29,282$22,032$16,392$12,081$8,836
26 years$36,543$27,520$20,434$14,988$10,882$7,837
27 years$34,813$25,900$18,974$13,719$9,811$6,956
28 years$33,209$24,405$17,639$12,569$8,853$6,178
29 years$31,718$23,023$16,415$11,526$7,994$5,491
30 years$30,330$21,743$15,290$10,578$7,223$4,882
31 years$29,034$20,555$14,254$9,715$6,530$4,343
32 years$27,821$19,449$13,299$8,929$5,907$3,865
33 years$26,684$18,418$12,418$8,211$5,346$3,441
34 years$25,616$17,456$11,602$7,554$4,840$3,064
35 years$24,611$16,557$10,847$6,954$4,384$2,729
36 years$23,665$15,715$10,147$6,405$3,972$2,432
37 years$22,771$14,926$9,498$5,901$3,600$2,167
38 years$21,927$14,185$8,894$5,439$3,264$1,932
39 years$21,128$13,488$8,333$5,015$2,960$1,722
40 years$20,371$12,833$7,811$4,626$2,685$1,536
41 years$19,652$12,216$7,324$4,268$2,435$1,370
42 years$18,970$11,634$6,870$3,939$2,210$1,222
43 years$18,321$11,085$6,447$3,636$2,006$1,090
44 years$17,703$10,566$6,051$3,357$1,821$972
45 years$17,115$10,076$5,682$3,100$1,653$867
46 years$16,553$9,612$5,337$2,864$1,501$774
47 years$16,018$9,173$5,014$2,646$1,363$691
48 years$15,506$8,757$4,711$2,445$1,237$616
49 years$15,016$8,362$4,428$2,260$1,124$550
50 years$14,548$7,988$4,163$2,089$1,021$491

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $14,900,000, adding $6,183 every year, while hoping to spend $57,877 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: 54/24/22 Blend
72$14,900,000$14,900,000$14,900,000$14,900,000
73$16,426,178$15,636,478$15,405,528$17,213,811
74$18,040,067$16,341,084$15,860,032$18,459,980
75$19,816,634$17,078,277$16,327,823$19,809,280
76$21,772,409$17,849,591$16,809,284$21,276,927
77$23,925,609$18,656,636$17,304,809$22,874,256
78$26,296,307$19,501,097$17,814,806$24,613,729
79$28,906,620$20,384,741$18,339,692$26,509,046
80$31,780,920$21,309,417$18,879,896$28,575,275
81$34,946,062$22,277,067$19,435,861$30,828,987
82$38,431,638$23,289,721$20,008,040$33,288,404
83$42,270,257$24,349,509$20,596,901$35,973,576
84$46,497,851$25,458,663$21,202,925$38,906,555
85$51,154,015$26,619,520$21,826,606$42,111,604
86$56,282,378$27,834,530$22,468,451$45,615,421
87$61,931,020$29,106,262$23,128,983$49,447,380
88$68,152,921$30,437,405$23,808,741$53,639,809
89$75,006,461$31,830,780$24,508,276$58,228,285
90$82,555,973$33,289,342$25,228,156$63,251,965
91$90,872,349$34,816,186$25,968,967$68,753,947
92$100,033,709$36,414,560$26,731,307$74,781,673
93$110,126,138$38,087,864$27,515,797$81,387,368
94$121,244,498$39,839,663$28,323,070$88,628,523
95$133,493,324$41,673,693$29,153,779$96,568,436
96$146,987,809$43,593,871$30,008,597$105,276,794
97$161,854,894$45,604,299$30,888,214$114,830,328
98$178,234,463$47,709,279$31,793,339$125,313,524
99$196,280,665$49,913,320$32,724,702$136,819,414
100$216,163,367$52,221,148$33,683,054$149,450,444