Can I retire at age 73 with 17,000,000?

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 $17,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,306,467
2 years$694,972$682,029$669,485$657,323$645,526$596,560
3 years$458,713$445,714$433,201$421,153$409,548$362,294
4 years$340,606$327,647$315,260$303,417$292,093$246,910
5 years$269,760$256,879$244,654$233,053$222,044$179,051
6 years$222,546$209,761$197,717$186,375$175,696$134,924
7 years$188,834$176,157$164,304$153,229$142,888$104,328
8 years$163,562$150,999$139,343$128,540$118,539$82,157
9 years$143,916$131,472$120,016$109,487$99,827$65,574
10 years$128,208$115,886$104,632$94,379$85,058$52,874
11 years$115,365$103,166$92,117$82,138$73,153$42,971
12 years$104,670$92,597$81,751$72,046$63,393$35,139
13 years$95,628$83,680$73,039$63,606$55,280$28,876
14 years$87,883$76,063$65,626$56,462$48,458$23,823
15 years$81,178$69,485$59,252$50,355$42,666$19,717
16 years$75,316$63,751$53,720$45,087$37,708$16,361
17 years$70,150$58,712$48,883$40,510$33,435$13,606
18 years$65,562$54,253$44,624$36,508$29,729$11,334
19 years$61,463$50,281$40,851$32,988$26,498$9,456
20 years$57,778$46,724$37,491$29,877$23,668$7,898
21 years$54,448$43,521$34,485$27,115$21,180$6,603
22 years$51,425$40,625$31,783$24,654$18,985$5,526
23 years$48,669$37,996$29,346$22,453$17,042$4,627
24 years$46,146$35,600$27,140$20,478$15,318$3,877
25 years$43,829$33,409$25,137$18,702$13,784$3,250
26 years$41,693$31,399$23,313$17,100$12,416$2,725
27 years$39,719$29,550$21,649$15,652$11,194$2,286
28 years$37,889$27,845$20,125$14,341$10,101$1,918
29 years$36,189$26,268$18,728$13,151$9,121$1,610
30 years$34,605$24,808$17,445$12,069$8,241$1,351
31 years$33,126$23,452$16,263$11,085$7,451$1,135
32 years$31,742$22,190$15,174$10,187$6,740$953
33 years$30,445$21,014$14,168$9,368$6,099$800
34 years$29,226$19,917$13,238$8,619$5,522$672
35 years$28,080$18,891$12,376$7,934$5,002$565
36 years$27,000$17,930$11,578$7,307$4,532$474
37 years$25,981$17,029$10,836$6,733$4,107$398
38 years$25,017$16,184$10,148$6,206$3,724$335
39 years$24,106$15,389$9,507$5,722$3,377$281
40 years$23,242$14,642$8,911$5,278$3,063$236
41 years$22,422$13,938$8,356$4,869$2,779$199
42 years$21,643$13,274$7,838$4,494$2,521$167
43 years$20,903$12,647$7,355$4,148$2,288$140
44 years$20,198$12,055$6,904$3,830$2,077$118
45 years$19,527$11,496$6,483$3,537$1,886$99
46 years$18,886$10,967$6,089$3,268$1,712$83
47 years$18,275$10,465$5,720$3,019$1,555$70
48 years$17,691$9,991$5,375$2,790$1,412$59
49 years$17,132$9,541$5,053$2,578$1,282$49
50 years$16,598$9,114$4,750$2,383$1,165$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $17,000,000, adding $4,842 every year, while hoping to spend $22,800 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: 40/30/30 Blend
72$17,000,000$17,000,000$17,000,000$17,000,000
73$18,738,995$17,837,995$17,574,495$19,322,410
74$20,626,113$18,687,797$18,138,981$20,598,622
75$22,704,953$19,578,476$18,721,614$21,975,966
76$24,995,047$20,512,010$19,322,976$23,465,727
77$27,517,917$21,490,474$19,943,672$25,078,231
78$30,297,282$22,516,044$20,584,321$26,824,810
79$33,359,276$23,591,002$21,245,568$28,717,903
80$36,732,702$24,717,741$21,928,074$30,771,163
81$40,449,297$25,898,769$22,632,523$32,999,582
82$44,544,034$27,136,718$23,359,623$35,419,624
83$49,055,456$28,434,347$24,110,100$38,049,373
84$54,026,033$29,794,550$24,884,708$40,908,692
85$59,502,566$31,220,361$25,684,224$44,019,409
86$65,536,631$32,714,962$26,509,449$47,405,507
87$72,185,061$34,281,690$27,361,210$51,093,346
88$79,510,489$35,924,043$28,240,361$55,111,899
89$87,581,930$37,645,693$29,147,784$59,493,017
90$96,475,441$39,450,486$30,084,389$64,271,719
91$106,274,835$41,342,459$31,051,116$69,486,512
92$117,072,473$43,325,844$32,048,933$75,179,740
93$128,970,134$45,405,079$33,078,841$81,397,975
94$142,079,979$47,584,820$34,141,874$88,192,442
95$156,525,607$49,869,947$35,239,097$95,619,492
96$172,443,224$52,265,579$36,371,612$103,741,115
97$189,982,926$54,777,085$37,540,554$112,625,517
98$209,310,118$57,410,096$38,747,096$122,347,742
99$230,607,076$60,170,516$39,992,449$132,990,372
100$254,074,663$63,064,537$41,277,862$144,644,284