Can I retire at age 73 with 18,400,000?

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,423,125
2 years$752,205$738,196$724,619$711,455$698,687$654,611
3 years$496,489$482,419$468,877$455,836$443,275$400,623
4 years$368,656$354,629$341,222$328,404$316,148$275,246
5 years$291,976$278,034$264,802$252,246$240,331$201,290
6 years$240,873$227,035$214,000$201,723$190,165$153,021
7 years$204,385$190,664$177,835$165,848$154,655$119,405
8 years$177,031$163,434$150,818$139,126$128,302$94,924
9 years$155,768$142,299$129,899$118,504$108,048$76,508
10 years$138,767$125,430$113,249$102,152$92,063$62,315
11 years$124,866$111,663$99,703$88,903$79,177$51,171
12 years$113,290$100,222$88,484$77,980$68,613$42,292
13 years$103,503$90,572$79,054$68,844$59,832$35,134
14 years$95,121$82,327$71,031$61,112$52,448$29,311
15 years$87,863$75,207$64,131$54,501$46,180$24,536
16 years$81,519$69,001$58,144$48,800$40,814$20,597
17 years$75,927$63,548$52,909$43,846$36,188$17,331
18 years$70,962$58,721$48,299$39,514$32,177$14,610
19 years$66,524$54,422$44,216$35,705$28,680$12,337
20 years$62,536$50,571$40,579$32,337$25,617$10,432
21 years$58,932$47,105$37,325$29,348$22,925$8,830
22 years$55,660$43,971$34,400$26,684$20,549$7,482
23 years$52,677$41,125$31,763$24,302$18,446$6,345
24 years$49,946$38,532$29,375$22,165$16,580$5,384
25 years$47,438$36,160$27,207$20,242$14,919$4,571
26 years$45,127$33,985$25,233$18,508$13,439$3,883
27 years$42,990$31,984$23,431$16,941$12,116$3,300
28 years$41,010$30,138$21,783$15,522$10,932$2,805
29 years$39,169$28,432$20,270$14,234$9,872$2,386
30 years$37,454$26,851$18,881$13,063$8,920$2,029
31 years$35,854$25,383$17,602$11,997$8,064$1,726
32 years$34,356$24,017$16,423$11,026$7,295$1,469
33 years$32,952$22,745$15,335$10,139$6,602$1,250
34 years$31,633$21,557$14,328$9,329$5,977$1,064
35 years$30,392$20,446$13,395$8,588$5,414$906
36 years$29,223$19,407$12,531$7,909$4,905$771
37 years$28,120$18,432$11,729$7,287$4,446$656
38 years$27,078$17,517$10,984$6,717$4,030$559
39 years$26,091$16,657$10,290$6,193$3,655$476
40 years$25,156$15,848$9,645$5,712$3,315$405
41 years$24,269$15,085$9,044$5,270$3,008$345
42 years$23,426$14,367$8,484$4,864$2,729$294
43 years$22,625$13,689$7,961$4,490$2,477$250
44 years$21,862$13,048$7,473$4,146$2,248$213
45 years$21,135$12,443$7,017$3,829$2,041$182
46 years$20,442$11,870$6,590$3,537$1,853$155
47 years$19,780$11,327$6,191$3,267$1,683$132
48 years$19,148$10,813$5,818$3,019$1,528$112
49 years$18,543$10,326$5,469$2,790$1,388$96
50 years$17,965$9,864$5,141$2,579$1,261$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $18,400,000, adding $5,153 every year, while hoping to spend $31,209 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: 75/11/14 Blend
72$18,400,000$18,400,000$18,400,000$18,400,000
73$20,282,115$19,306,915$19,021,715$21,742,785
74$22,317,685$20,219,748$19,625,737$23,621,246
75$24,559,837$21,176,264$20,248,947$25,675,020
76$27,029,609$22,178,569$20,891,955$27,925,073
77$29,750,185$23,228,875$21,555,392$30,390,913
78$32,747,112$24,329,498$22,239,905$33,094,015
79$36,048,541$25,482,867$22,946,166$36,058,025
80$39,685,495$26,691,530$23,674,865$39,308,976
81$43,692,158$27,958,158$24,426,716$42,875,534
82$48,106,201$29,285,551$25,202,454$46,789,262
83$52,969,136$30,676,645$26,002,838$51,084,920
84$58,326,707$32,134,520$26,828,653$55,800,784
85$64,229,324$33,662,405$27,680,706$60,979,007
86$70,732,537$35,263,685$28,559,831$66,666,012
87$77,897,561$36,941,909$29,466,890$72,912,928
88$85,791,851$38,700,802$30,402,770$79,776,065
89$94,489,744$40,544,265$31,368,387$87,317,446
90$104,073,156$42,476,393$32,364,686$95,605,383
91$114,632,359$44,501,477$33,392,644$104,715,123
92$126,266,828$46,624,018$34,453,266$114,729,546
93$139,086,185$48,848,735$35,547,591$125,739,951
94$153,211,230$51,180,578$36,676,690$137,846,905
95$168,775,086$53,624,736$37,841,669$151,161,192
96$185,924,448$56,186,652$39,043,668$165,804,850
97$204,820,976$58,872,032$40,283,866$181,912,320
98$225,642,815$61,686,861$41,563,475$199,631,705
99$248,586,280$64,637,415$42,883,749$219,126,164
100$273,867,707$67,730,275$44,245,981$240,575,446