Can I retire at age 73 with 17,900,000?

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,413,641
2 years$731,765$718,137$704,928$692,122$679,701$665,870
3 years$482,997$469,310$456,135$443,449$431,230$417,727
4 years$358,638$344,993$331,950$319,480$307,557$294,486
5 years$284,042$270,478$257,607$245,392$233,800$221,199
6 years$234,327$220,866$208,184$196,242$184,998$172,882
7 years$198,831$185,483$173,002$161,341$150,453$138,828
8 years$172,221$158,993$146,720$135,345$124,815$113,681
9 years$151,535$138,432$126,370$115,284$105,112$94,465
10 years$134,996$122,021$110,172$99,376$89,561$79,394
11 years$121,473$108,628$96,994$86,487$77,025$67,331
12 years$110,211$97,499$86,079$75,860$66,749$57,517
13 years$100,690$88,110$76,906$66,973$58,206$49,427
14 years$92,536$80,090$69,101$59,452$51,023$42,684
15 years$85,476$73,164$62,388$53,020$44,925$37,014
16 years$79,304$67,126$56,564$47,474$39,705$32,209
17 years$73,864$61,821$51,471$42,655$35,205$28,111
18 years$69,033$57,125$46,987$38,441$31,303$24,596
19 years$64,717$52,943$43,014$34,734$27,901$21,568
20 years$60,836$49,197$39,476$31,459$24,921$18,948
21 years$57,330$45,825$36,310$28,551$22,302$16,674
22 years$54,147$42,776$33,466$25,959$19,990$14,693
23 years$51,245$40,008$30,900$23,642$17,945$12,964
24 years$48,589$37,485$28,577$21,562$16,129$11,451
25 years$46,149$35,177$26,468$19,692$14,514$10,123
26 years$43,900$33,061$24,548$18,005$13,073$8,957
27 years$41,822$31,114$22,795$16,481$11,787$7,932
28 years$39,895$29,319$21,191$15,100$10,635$7,028
29 years$38,105$27,659$19,720$13,847$9,603$6,230
30 years$36,437$26,121$18,368$12,708$8,677$5,526
31 years$34,879$24,693$17,124$11,671$7,845$4,904
32 years$33,422$23,365$15,977$10,726$7,096$4,353
33 years$32,056$22,127$14,918$9,864$6,422$3,866
34 years$30,773$20,971$13,938$9,075$5,815$3,434
35 years$29,567$19,891$13,031$8,354$5,267$3,051
36 years$28,429$18,879$12,191$7,694$4,772$2,712
37 years$27,356$17,931$11,410$7,089$4,325$2,411
38 years$26,342$17,041$10,685$6,534$3,921$2,144
39 years$25,382$16,204$10,011$6,025$3,556$1,906
40 years$24,472$15,417$9,383$5,557$3,225$1,695
41 years$23,609$14,675$8,798$5,127$2,926$1,508
42 years$22,789$13,976$8,253$4,732$2,655$1,342
43 years$22,010$13,317$7,745$4,368$2,409$1,194
44 years$21,268$12,694$7,270$4,033$2,187$1,062
45 years$20,561$12,104$6,826$3,725$1,985$945
46 years$19,886$11,547$6,411$3,441$1,803$841
47 years$19,243$11,020$6,023$3,179$1,637$749
48 years$18,628$10,520$5,660$2,937$1,487$666
49 years$18,039$10,046$5,320$2,714$1,350$593
50 years$17,477$9,596$5,002$2,509$1,226$528

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $17,900,000, adding $3,336 every year, while hoping to spend $57,844 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: 50/38/12 Blend
72$17,900,000$17,900,000$17,900,000$17,900,000
73$19,729,241$18,780,541$18,503,091$20,651,611
74$21,680,078$19,639,242$19,061,399$22,142,845
75$23,827,962$20,538,081$19,636,472$23,756,087
76$26,192,930$21,478,963$20,228,809$25,507,848
77$28,797,062$22,463,885$20,838,928$27,411,153
78$31,664,688$23,494,941$21,467,357$29,480,309
79$34,822,617$24,574,324$22,114,645$31,731,029
80$38,300,391$25,704,333$22,781,352$34,180,579
81$42,130,562$26,887,377$23,468,059$36,847,926
82$46,349,002$28,125,981$24,175,362$39,753,916
83$50,995,239$29,422,792$24,903,875$42,921,460
84$56,112,829$30,780,585$25,654,230$46,375,743
85$61,749,769$32,202,265$26,427,079$50,144,451
86$67,958,951$33,690,881$27,223,091$54,258,024
87$74,798,656$35,249,626$28,042,957$58,749,936
88$82,333,109$36,881,849$28,887,386$63,656,996
89$90,633,084$38,591,057$29,757,112$69,019,691
90$99,776,570$40,380,930$30,652,886$74,882,551
91$109,849,506$42,255,322$31,575,484$81,294,565
92$120,946,598$44,218,275$32,525,705$88,309,623
93$133,172,205$46,274,024$33,504,370$95,987,018
94$146,641,329$48,427,010$34,512,325$104,391,993
95$161,480,699$50,681,888$35,550,442$113,596,338
96$177,829,966$53,043,536$36,619,618$123,679,057
97$195,843,022$55,517,069$37,720,775$134,727,099
98$215,689,454$58,107,850$38,854,865$146,836,161
99$237,556,141$60,821,497$40,022,865$160,111,576
100$261,649,021$63,663,903$41,225,785$174,669,289