Can I retire at age 73 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,491,373
2 years$772,646$758,256$744,310$730,788$717,673$701,823
3 years$509,981$495,529$481,618$468,223$455,321$439,852
4 years$378,674$364,266$350,494$337,328$324,739$309,770
5 years$299,910$285,589$271,998$259,101$246,861$232,437
6 years$247,418$233,205$219,815$207,205$195,333$181,470
7 years$209,939$195,845$182,667$170,354$158,858$145,563
8 years$181,842$167,875$154,916$142,906$131,788$119,060
9 years$160,000$146,166$133,429$121,724$110,985$98,818
10 years$142,537$128,838$116,327$104,928$94,564$82,953
11 years$128,259$114,697$102,412$91,318$81,329$70,262
12 years$116,368$102,946$90,888$80,099$70,478$59,945
13 years$106,315$93,033$81,203$70,715$61,458$51,446
14 years$97,706$84,564$72,961$62,773$53,874$44,369
15 years$90,251$77,251$65,874$55,982$47,435$38,423
16 years$83,734$70,876$59,724$50,126$41,923$33,389
17 years$77,990$65,274$54,347$45,038$37,172$29,100
18 years$72,890$60,317$49,612$40,588$33,051$25,426
19 years$68,332$55,901$45,417$36,675$29,459$22,264
20 years$64,235$51,946$41,681$33,216$26,314$19,531
21 years$60,533$48,385$38,339$30,146$23,548$17,161
22 years$57,172$45,166$35,335$27,409$21,107$15,100
23 years$54,108$42,243$32,626$24,962$18,947$13,302
24 years$51,303$39,579$30,173$22,767$17,030$11,731
25 years$48,727$37,143$27,947$20,792$15,324$10,355
26 years$46,353$34,908$25,919$19,011$13,804$9,148
27 years$44,158$32,853$24,068$17,402$12,445$8,088
28 years$42,124$30,957$22,374$15,944$11,230$7,155
29 years$40,233$29,204$20,821$14,621$10,140$6,333
30 years$38,472$27,580$19,394$13,418$9,162$5,608
31 years$36,828$26,073$18,081$12,323$8,283$4,968
32 years$35,289$24,670$16,870$11,326$7,493$4,403
33 years$33,847$23,363$15,751$10,415$6,781$3,904
34 years$32,493$22,143$14,717$9,582$6,140$3,462
35 years$31,218$21,002$13,759$8,821$5,561$3,071
36 years$30,018$19,934$12,872$8,124$5,038$2,725
37 years$28,884$18,933$12,048$7,485$4,566$2,418
38 years$27,813$17,993$11,282$6,899$4,140$2,146
39 years$26,800$17,109$10,570$6,362$3,754$1,905
40 years$25,839$16,278$9,907$5,868$3,405$1,692
41 years$24,928$15,495$9,290$5,414$3,089$1,502
42 years$24,062$14,757$8,714$4,996$2,803$1,334
43 years$23,239$14,061$8,177$4,612$2,544$1,185
44 years$22,456$13,403$7,676$4,258$2,309$1,053
45 years$21,709$12,781$7,207$3,933$2,096$935
46 years$20,997$12,192$6,769$3,633$1,903$831
47 years$20,318$11,635$6,360$3,356$1,728$738
48 years$19,668$11,107$5,976$3,101$1,570$656
49 years$19,047$10,607$5,617$2,866$1,426$583
50 years$18,453$10,132$5,281$2,649$1,295$518

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $18,900,000, adding $3,140 every year, while hoping to spend $20,899 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: 46/26/28 Blend
72$18,900,000$18,900,000$18,900,000$18,900,000
73$20,831,039$19,829,339$19,536,389$21,621,141
74$22,933,569$20,778,740$20,168,622$23,130,609
75$25,249,856$21,773,962$20,821,334$24,765,148
76$27,801,682$22,817,226$21,495,189$26,538,310
77$30,613,049$23,910,866$22,190,873$28,463,096
78$33,710,406$25,057,325$22,909,094$30,553,786
79$37,122,901$26,259,168$23,650,582$32,826,065
80$40,882,653$27,519,083$24,416,093$35,297,167
81$45,025,056$28,839,890$25,206,404$37,986,029
82$49,589,113$30,224,546$26,022,320$40,913,462
83$54,617,807$31,676,153$26,864,672$44,102,341
84$60,158,501$33,197,962$27,734,317$47,577,810
85$66,263,391$34,793,386$28,632,139$51,367,514
86$72,989,995$36,465,999$29,559,054$55,501,851
87$80,401,696$38,219,555$30,516,003$60,014,248
88$88,568,342$40,057,986$31,503,963$64,941,466
89$97,566,905$41,985,419$32,523,937$70,323,940
90$107,482,206$44,006,181$33,576,966$76,206,149
91$118,407,717$46,124,810$34,664,120$82,637,025
92$130,446,443$48,346,065$35,786,508$89,670,399
93$143,711,895$50,674,938$36,945,271$97,365,506
94$158,329,161$53,116,662$38,141,590$105,787,525
95$174,436,086$55,676,729$39,376,683$115,008,181
96$192,184,573$58,360,895$40,651,809$125,106,412
97$211,742,021$61,175,200$41,968,265$136,169,099
98$233,292,898$64,125,976$43,327,394$148,291,867
99$257,040,491$67,219,866$44,730,578$161,579,980
100$283,208,817$70,463,835$46,179,249$176,149,309