Can I retire at age 73 with 17,800,000?

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 $17,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,410,452
2 years$727,677$714,125$700,990$688,256$675,903$666,880
3 years$480,299$466,688$453,587$440,972$428,821$419,999
4 years$356,634$343,065$330,095$317,696$305,839$297,286
5 years$282,455$268,967$256,167$244,021$232,494$224,236
6 years$233,018$219,632$207,021$195,145$183,964$176,012
7 years$197,720$184,447$172,036$160,440$149,612$141,969
8 years$171,259$158,105$145,900$134,589$124,118$116,784
9 years$150,688$137,659$125,664$114,640$104,525$97,499
10 years$134,242$121,339$109,556$98,821$89,061$82,338
11 years$120,794$108,021$96,452$86,004$76,595$70,172
12 years$109,596$96,954$85,598$75,437$66,376$60,246
13 years$100,128$87,618$76,477$66,599$57,881$52,039
14 years$92,019$79,643$68,715$59,119$50,738$45,177
15 years$84,998$72,755$62,040$52,724$44,674$39,386
16 years$78,861$66,751$56,248$47,209$39,483$34,461
17 years$73,451$61,475$51,184$42,417$35,008$30,244
18 years$68,648$56,806$46,724$38,226$31,128$26,613
19 years$64,355$52,647$42,774$34,540$27,745$23,471
20 years$60,497$48,922$39,256$31,283$24,782$20,740
21 years$57,010$45,569$36,108$28,391$22,177$18,359
22 years$53,845$42,537$33,279$25,814$19,879$16,276
23 years$50,959$39,784$30,727$23,510$17,844$14,447
24 years$48,317$37,275$28,417$21,442$16,039$12,839
25 years$45,891$34,981$26,320$19,582$14,433$11,422
26 years$43,655$32,876$24,411$17,905$13,000$10,170
27 years$41,588$30,941$22,667$16,389$11,721$9,062
28 years$39,672$29,155$21,072$15,016$10,576$8,081
29 years$37,892$27,505$19,610$13,770$9,550$7,211
30 years$36,233$25,975$18,266$12,637$8,629$6,437
31 years$34,684$24,555$17,028$11,606$7,801$5,750
32 years$33,235$23,234$15,888$10,666$7,057$5,138
33 years$31,877$22,003$14,835$9,809$6,386$4,593
34 years$30,602$20,854$13,861$9,025$5,782$4,107
35 years$29,401$19,780$12,959$8,308$5,237$3,674
36 years$28,271$18,774$12,122$7,651$4,745$3,288
37 years$27,203$17,831$11,346$7,050$4,301$2,942
38 years$26,195$16,946$10,625$6,498$3,899$2,634
39 years$25,240$16,114$9,955$5,991$3,536$2,358
40 years$24,335$15,331$9,331$5,526$3,207$2,112
41 years$23,477$14,593$8,749$5,099$2,909$1,892
42 years$22,662$13,898$8,207$4,705$2,640$1,694
43 years$21,887$13,242$7,701$4,344$2,396$1,518
44 years$21,149$12,623$7,229$4,011$2,175$1,360
45 years$20,446$12,037$6,788$3,704$1,974$1,219
46 years$19,775$11,483$6,375$3,421$1,793$1,092
47 years$19,135$10,958$5,989$3,161$1,628$979
48 years$18,524$10,461$5,628$2,921$1,478$877
49 years$17,939$9,990$5,290$2,699$1,343$786
50 years$17,379$9,542$4,974$2,495$1,220$705

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $17,800,000, adding $3,996 every year, while hoping to spend $30,847 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: 34/49/17 Blend
72$17,800,000$17,800,000$17,800,000$17,800,000
73$19,619,722$18,676,322$18,400,422$20,183,530
74$21,588,113$19,558,641$18,984,015$21,479,481
75$23,756,245$20,483,159$19,586,125$22,872,903
76$26,144,461$21,451,913$20,207,339$24,374,881
77$28,775,175$22,467,035$20,848,263$25,995,018
78$31,673,087$23,530,764$21,509,524$27,743,828
79$34,865,415$24,645,445$22,191,767$29,632,829
80$38,382,154$25,813,538$22,895,657$31,674,640
81$42,256,354$27,037,623$23,621,883$33,883,092
82$46,524,439$28,320,403$24,371,152$36,273,345
83$51,226,543$29,664,714$25,144,198$38,862,024
84$56,406,896$31,073,530$25,941,773$41,667,362
85$62,114,234$32,549,968$26,764,657$44,709,359
86$68,402,267$34,097,297$27,613,654$48,009,960
87$75,330,179$35,718,945$28,489,592$51,593,248
88$82,963,190$37,418,507$29,393,327$55,485,658
89$91,373,173$39,199,751$30,325,741$59,716,211
90$100,639,328$41,066,631$31,287,745$64,316,774
91$110,848,933$43,023,289$32,280,277$69,322,342
92$122,098,166$45,074,071$33,304,308$74,771,357
93$134,493,013$47,223,535$34,360,837$80,706,048
94$148,150,272$49,476,460$35,450,896$87,172,813
95$163,198,648$51,837,855$36,575,550$94,222,640
96$179,779,976$54,312,975$37,735,897$101,911,563
97$198,050,553$56,907,331$38,933,069$110,301,177
98$218,182,620$59,626,701$40,168,238$119,459,192
99$240,365,981$62,477,143$41,442,608$129,460,050
100$264,809,801$65,465,013$42,757,424$140,385,606