Can I retire at age 73 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,342,647
2 years$699,060$686,041$673,423$661,189$649,323$628,286
3 years$461,411$448,335$435,749$423,630$411,957$391,469
4 years$342,609$329,574$317,114$305,202$293,811$274,029
5 years$271,347$258,390$246,093$234,424$223,351$204,332
6 years$223,855$210,995$198,880$187,471$176,730$158,497
7 years$189,945$177,193$165,270$154,130$143,729$126,288
8 years$164,524$151,887$140,162$129,296$119,237$102,585
9 years$144,762$132,245$120,722$110,132$100,415$84,543
10 years$128,962$116,568$105,248$94,934$85,558$70,454
11 years$116,044$103,773$92,659$82,621$73,583$59,231
12 years$105,286$93,141$82,232$72,470$63,765$50,149
13 years$96,190$84,173$73,469$63,980$55,605$42,703
14 years$88,400$76,511$66,012$56,794$48,743$36,536
15 years$81,655$69,894$59,600$50,651$42,917$31,383
16 years$75,759$64,126$54,036$45,352$37,930$27,045
17 years$70,563$59,058$49,171$40,749$33,631$23,372
18 years$65,948$54,572$44,887$36,723$29,904$20,246
19 years$61,824$50,577$41,092$33,182$26,654$17,574
20 years$58,117$46,998$37,712$30,053$23,808$15,280
21 years$54,768$43,777$34,688$27,275$21,305$13,306
22 years$51,727$40,864$31,970$24,799$19,097$11,602
23 years$48,955$38,220$29,519$22,585$17,143$10,127
24 years$46,417$35,809$27,300$20,599$15,408$8,848
25 years$44,086$33,605$25,285$18,812$13,865$7,737
26 years$41,938$31,584$23,451$17,201$12,489$6,770
27 years$39,953$29,724$21,776$15,744$11,260$5,928
28 years$38,112$28,009$20,244$14,425$10,160$5,194
29 years$36,402$26,423$18,838$13,228$9,174$4,552
30 years$34,808$24,954$17,547$12,140$8,290$3,992
31 years$33,320$23,589$16,359$11,150$7,495$3,502
32 years$31,928$22,320$15,263$10,247$6,779$3,073
33 years$30,624$21,138$14,251$9,423$6,135$2,697
34 years$29,398$20,034$13,315$8,670$5,555$2,368
35 years$28,245$19,002$12,449$7,981$5,031$2,079
36 years$27,159$18,035$11,646$7,350$4,559$1,826
37 years$26,133$17,130$10,900$6,772$4,132$1,604
38 years$25,164$16,279$10,208$6,242$3,746$1,410
39 years$24,247$15,480$9,563$5,756$3,397$1,239
40 years$23,378$14,728$8,964$5,309$3,081$1,088
41 years$22,554$14,020$8,405$4,898$2,795$957
42 years$21,771$13,352$7,884$4,520$2,536$841
43 years$21,026$12,722$7,398$4,173$2,302$739
44 years$20,317$12,126$6,945$3,853$2,089$650
45 years$19,642$11,564$6,521$3,558$1,897$571
46 years$18,998$11,031$6,125$3,287$1,722$502
47 years$18,383$10,527$5,754$3,037$1,564$442
48 years$17,795$10,049$5,407$2,806$1,420$388
49 years$17,233$9,597$5,082$2,593$1,290$341
50 years$16,696$9,167$4,778$2,397$1,172$300

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $17,100,000, adding $3,905 every year, while hoping to spend $23,552 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: 54/40/6 Blend
72$17,100,000$17,100,000$17,100,000$17,100,000
73$18,848,228$17,941,928$17,676,878$19,840,471
74$20,745,688$18,796,023$18,243,994$21,365,387
75$22,835,900$19,691,180$18,829,320$23,021,195
76$25,138,499$20,629,385$19,433,439$24,822,620
77$27,675,123$21,612,722$20,056,957$26,783,452
78$30,469,617$22,643,377$20,700,496$28,918,834
79$33,548,255$23,723,640$21,364,700$31,245,404
80$36,939,993$24,855,914$22,050,233$33,781,442
81$40,676,737$26,042,718$22,757,781$36,547,035
82$44,793,648$27,286,696$23,488,050$39,564,259
83$49,329,473$28,590,616$24,241,772$42,857,378
84$54,326,908$29,957,385$25,019,701$46,453,067
85$59,833,005$31,390,050$25,822,613$50,380,653
86$65,899,614$32,891,804$26,651,313$54,672,379
87$72,583,871$34,466,000$27,506,629$59,363,706
88$79,948,742$36,116,149$28,389,417$64,493,628
89$88,063,611$37,845,938$29,300,559$70,105,037
90$97,004,939$39,659,229$30,240,968$76,245,110
91$106,856,986$41,560,075$31,211,584$82,965,749
92$117,712,605$43,552,724$32,213,378$90,324,050
93$129,674,118$45,641,635$33,247,353$98,382,836
94$142,854,281$47,831,479$34,314,543$107,211,232
95$157,377,354$50,127,157$35,416,017$116,885,304
96$173,380,266$52,533,810$36,552,875$127,488,761
97$191,013,913$55,056,827$37,726,257$139,113,731
98$210,444,582$57,701,860$38,937,336$151,861,612
99$231,855,517$60,474,839$40,187,324$165,844,012
100$255,448,653$63,381,980$41,477,473$181,183,786