Can I retire at age 73 with 18,600,000?

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,433,418
2 years$760,381$746,220$732,495$719,188$706,281$656,628
3 years$501,886$487,663$473,973$460,791$448,094$400,118
4 years$372,663$358,484$344,931$331,974$319,584$273,653
5 years$295,150$281,056$267,681$254,988$242,943$199,178
6 years$243,491$229,503$216,326$203,916$192,232$150,670
7 years$206,606$192,736$179,768$167,650$156,336$116,969
8 years$178,956$165,211$152,457$140,638$129,696$92,495
9 years$157,461$143,846$131,311$119,792$109,223$74,143
10 years$140,275$126,793$114,480$103,262$93,063$60,048
11 years$126,223$112,876$100,787$89,869$80,038$49,023
12 years$114,521$101,312$89,446$78,827$69,359$40,275
13 years$104,628$91,556$79,914$69,593$60,482$33,255
14 years$96,155$83,222$71,803$61,776$53,018$27,570
15 years$88,818$76,025$64,828$55,094$46,682$22,933
16 years$82,405$69,751$58,776$49,330$41,257$19,126
17 years$76,752$64,238$53,484$44,323$36,582$15,987
18 years$71,733$59,359$48,824$39,944$32,527$13,388
19 years$67,248$55,013$44,696$36,093$28,992$11,228
20 years$63,216$51,121$41,020$32,689$25,896$9,429
21 years$59,572$47,617$37,730$29,667$23,174$7,926
22 years$56,265$44,449$34,774$26,974$20,772$6,669
23 years$53,249$41,572$32,108$24,566$18,646$5,615
24 years$50,489$38,951$29,694$22,406$16,760$4,731
25 years$47,954$36,553$27,503$20,462$15,081$3,988
26 years$45,617$34,354$25,508$18,710$13,585$3,363
27 years$43,457$32,331$23,686$17,125$12,248$2,837
28 years$41,455$30,466$22,019$15,690$11,051$2,394
29 years$39,595$28,741$20,491$14,388$9,979$2,021
30 years$37,862$27,143$19,086$13,205$9,017$1,706
31 years$36,243$25,659$17,794$12,128$8,152$1,441
32 years$34,729$24,278$16,602$11,146$7,374$1,217
33 years$33,310$22,992$15,501$10,249$6,673$1,028
34 years$31,977$21,791$14,483$9,430$6,042$869
35 years$30,723$20,669$13,541$8,681$5,473$734
36 years$29,541$19,618$12,667$7,995$4,958$620
37 years$28,426$18,632$11,856$7,366$4,494$524
38 years$27,372$17,707$11,103$6,790$4,074$443
39 years$26,374$16,838$10,402$6,261$3,695$374
40 years$25,429$16,020$9,750$5,774$3,351$316
41 years$24,532$15,249$9,142$5,328$3,040$267
42 years$23,681$14,523$8,576$4,917$2,759$226
43 years$22,871$13,837$8,047$4,539$2,504$191
44 years$22,099$13,190$7,554$4,191$2,273$161
45 years$21,365$12,578$7,093$3,870$2,063$136
46 years$20,664$11,999$6,662$3,575$1,873$115
47 years$19,995$11,450$6,259$3,303$1,701$97
48 years$19,356$10,931$5,881$3,052$1,545$82
49 years$18,745$10,439$5,528$2,821$1,403$70
50 years$18,160$9,971$5,197$2,607$1,274$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $18,600,000, adding $4,999 every year, while hoping to spend $47,736 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: 58/21/21 Blend
72$18,600,000$18,600,000$18,600,000$18,600,000
73$20,502,356$19,516,556$19,228,256$21,576,399
74$22,542,806$20,422,077$19,821,612$23,213,108
75$24,789,782$21,370,368$20,433,246$24,991,052
76$27,264,298$22,363,475$21,063,718$26,928,396
77$29,989,514$23,403,542$21,713,610$29,040,541
78$32,990,945$24,492,817$22,383,517$31,344,419
79$36,296,711$25,633,654$23,074,054$33,858,657
80$39,937,797$26,828,525$23,785,856$36,603,740
81$43,948,346$28,080,017$24,519,577$39,602,205
82$48,365,984$29,390,844$25,275,889$42,878,843
83$53,232,170$30,763,851$26,055,487$46,460,931
84$58,592,593$32,202,021$26,859,087$50,378,484
85$64,497,596$33,708,479$27,687,425$54,664,529
86$71,002,660$35,286,503$28,541,263$59,355,413
87$78,168,919$36,939,530$29,421,383$64,491,139
88$86,063,742$38,671,160$30,328,592$70,115,734
89$94,761,367$40,485,170$31,263,724$76,277,661
90$104,343,602$42,385,519$32,227,634$83,030,268
91$114,900,597$44,376,357$33,221,208$90,432,280
92$126,531,695$46,462,036$34,245,356$98,548,350
93$139,346,370$48,647,117$35,301,016$107,449,658
94$153,465,256$50,936,383$36,389,157$117,214,573
95$169,021,295$53,334,848$37,510,776$127,929,387
96$186,160,980$55,847,769$38,666,901$139,689,114
97$205,045,749$58,480,658$39,858,590$152,598,382
98$225,853,498$61,239,294$41,086,936$166,772,407
99$248,780,270$64,129,734$42,353,064$182,338,069
100$274,042,099$67,158,332$43,658,133$199,435,101