Can I retire at age 73 with 18,000,000?

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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,427,496
2 years$735,853$722,148$708,867$695,989$683,498$675,578
3 years$485,696$471,932$458,684$445,927$433,639$425,893
4 years$360,642$346,920$333,804$321,265$309,275$301,763
5 years$285,629$271,990$259,046$246,762$235,106$227,850
6 years$235,636$222,100$209,347$197,338$186,031$179,041
7 years$199,942$186,519$173,969$162,242$151,293$144,572
8 years$173,183$159,881$147,539$136,101$125,512$119,060
9 years$152,381$139,205$127,076$115,928$105,700$99,515
10 years$135,750$122,703$110,787$99,931$90,061$84,141
11 years$122,151$109,235$97,535$86,970$77,456$71,796
12 years$110,827$98,044$86,560$76,284$67,122$61,718
13 years$101,253$88,603$77,336$67,348$58,531$53,378
14 years$93,053$80,537$69,487$59,784$51,308$46,400
15 years$85,953$73,572$62,737$53,317$45,176$40,506
16 years$79,747$67,501$56,880$47,739$39,926$35,489
17 years$74,276$62,166$51,759$42,893$35,402$31,189
18 years$69,419$57,444$47,249$38,655$31,477$27,483
19 years$65,078$53,239$43,254$34,929$28,057$24,273
20 years$61,176$49,472$39,697$31,634$25,061$21,480
21 years$57,651$46,081$36,513$28,710$22,426$19,042
22 years$54,450$43,015$33,653$26,104$20,102$16,906
23 years$51,531$40,231$31,072$23,774$18,045$15,030
24 years$48,860$37,694$28,737$21,683$16,219$13,377
25 years$46,407$35,374$26,616$19,802$14,595$11,919
26 years$44,146$33,246$24,685$18,106$13,146$10,629
27 years$42,055$31,288$22,922$16,573$11,853$9,486
28 years$40,118$29,483$21,309$15,184$10,695$8,473
29 years$38,318$27,814$19,830$13,924$9,657$7,572
30 years$36,640$26,267$18,471$12,779$8,726$6,771
31 years$35,074$24,831$17,220$11,737$7,889$6,058
32 years$33,609$23,495$16,066$10,786$7,136$5,422
33 years$32,235$22,250$15,001$9,919$6,458$4,855
34 years$30,945$21,088$14,016$9,126$5,847$4,349
35 years$29,732$20,002$13,104$8,401$5,296$3,897
36 years$28,588$18,985$12,259$7,737$4,798$3,492
37 years$27,509$18,031$11,474$7,129$4,349$3,131
38 years$26,489$17,136$10,745$6,571$3,943$2,808
39 years$25,524$16,295$10,067$6,059$3,575$2,518
40 years$24,609$15,503$9,436$5,588$3,243$2,259
41 years$23,741$14,757$8,848$5,156$2,942$2,027
42 years$22,917$14,054$8,299$4,758$2,670$1,819
43 years$22,133$13,391$7,788$4,392$2,423$1,632
44 years$21,387$12,764$7,310$4,056$2,199$1,465
45 years$20,676$12,172$6,864$3,745$1,997$1,315
46 years$19,997$11,612$6,447$3,460$1,813$1,180
47 years$19,350$11,081$6,057$3,196$1,646$1,060
48 years$18,732$10,578$5,692$2,954$1,495$952
49 years$18,140$10,102$5,350$2,730$1,358$854
50 years$17,574$9,650$5,030$2,523$1,233$767

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $18,000,000, adding $5,874 every year, while hoping to spend $56,995 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: 83/10/7 Blend
72$18,000,000$18,000,000$18,000,000$18,000,000
73$19,842,059$18,888,059$18,609,059$21,475,811
74$21,805,307$19,752,932$19,171,820$23,409,083
75$23,966,896$20,658,273$19,751,524$25,523,286
76$26,346,996$21,606,005$20,348,677$27,843,068
77$28,967,834$22,598,144$20,963,802$30,389,008
78$31,853,902$23,636,802$21,597,438$33,183,766
79$35,032,185$24,724,190$22,250,138$36,252,301
80$38,532,423$25,862,631$22,922,472$39,622,096
81$42,387,384$27,054,554$23,615,029$43,323,422
82$46,633,178$28,302,508$24,328,413$47,389,618
83$51,309,595$29,609,163$25,063,248$51,857,404
84$56,460,481$30,977,319$25,820,174$56,767,224
85$62,134,152$32,409,910$26,599,852$62,163,629
86$68,383,851$33,910,011$27,402,962$68,095,687
87$75,268,248$35,480,846$28,230,206$74,617,452
88$82,851,995$37,125,792$29,082,303$81,788,464
89$91,206,335$38,848,393$29,959,996$89,674,313
90$100,409,775$40,652,358$30,864,051$98,347,251
91$110,548,829$42,541,581$31,795,253$107,886,874
92$121,718,831$44,520,139$32,754,415$118,380,866
93$134,024,833$46,592,308$33,742,370$129,925,826
94$147,582,605$48,762,570$34,759,978$142,628,173
95$162,519,718$51,035,623$35,808,124$156,605,150
96$178,976,752$53,416,391$36,887,719$171,985,924
97$197,108,624$55,910,038$37,999,702$188,912,799
98$217,086,049$58,521,975$39,145,037$207,542,561
99$239,097,150$61,257,876$40,324,720$228,047,944
100$263,349,236$64,123,688$41,539,774$250,619,265