Can I retire at age 73 with 19,200,000?

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 $19,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,517,573
2 years$784,910$770,292$756,124$742,388$729,064$715,499
3 years$518,075$503,394$489,263$475,655$462,548$449,300
4 years$384,684$370,048$356,058$342,683$329,893$317,064
5 years$304,671$290,122$276,316$263,213$250,780$238,407
6 years$251,346$236,907$223,304$210,494$198,433$186,532
7 years$213,271$198,954$185,567$173,059$161,380$149,956
8 years$184,728$170,540$157,375$145,175$133,880$122,934
9 years$162,540$148,486$135,547$123,656$112,746$102,274
10 years$144,800$130,883$118,173$106,593$96,065$86,060
11 years$130,295$116,517$104,038$92,768$82,619$73,074
12 years$118,216$104,580$92,331$81,370$71,596$62,502
13 years$108,003$94,510$82,492$71,837$62,433$53,780
14 years$99,257$85,907$74,119$63,769$54,729$46,505
15 years$91,683$78,477$66,919$56,871$48,187$40,381
16 years$85,063$72,001$60,672$50,922$42,588$35,187
17 years$79,228$66,311$55,209$45,753$37,762$30,753
18 years$74,047$61,274$50,399$41,233$33,576$26,946
19 years$69,417$56,788$46,138$37,257$29,927$23,663
20 years$65,255$52,770$42,343$33,743$26,731$20,819
21 years$61,494$49,153$38,947$30,624$23,921$18,348
22 years$58,080$45,883$35,896$27,845$21,442$16,192
23 years$54,967$42,913$33,144$25,359$19,248$14,308
24 years$52,118$40,207$30,652$23,128$17,300$12,658
25 years$49,501$37,732$28,390$21,122$15,568$11,208
26 years$47,089$35,462$26,330$19,313$14,023$9,933
27 years$44,859$33,374$24,450$17,678$12,643$8,809
28 years$42,793$31,448$22,730$16,197$11,408$7,818
29 years$40,872$29,668$21,152$14,853$10,301$6,942
30 years$39,083$28,018$19,702$13,631$9,308$6,168
31 years$37,412$26,486$18,368$12,519$8,415$5,482
32 years$35,850$25,062$17,137$11,505$7,612$4,875
33 years$34,384$23,734$16,001$10,580$6,889$4,336
34 years$33,008$22,494$14,951$9,735$6,237$3,858
35 years$31,714$21,335$13,978$8,961$5,649$3,434
36 years$30,494$20,250$13,076$8,253$5,118$3,057
37 years$29,343$19,233$12,239$7,604$4,639$2,722
38 years$28,255$18,278$11,461$7,009$4,206$2,424
39 years$27,225$17,381$10,738$6,463$3,814$2,160
40 years$26,249$16,537$10,065$5,961$3,459$1,924
41 years$25,324$15,741$9,437$5,500$3,138$1,715
42 years$24,444$14,991$8,853$5,075$2,848$1,528
43 years$23,608$14,284$8,307$4,685$2,584$1,362
44 years$22,812$13,615$7,798$4,326$2,346$1,214
45 years$22,054$12,984$7,322$3,995$2,130$1,082
46 years$21,331$12,386$6,877$3,690$1,934$965
47 years$20,640$11,820$6,460$3,410$1,756$860
48 years$19,980$11,284$6,071$3,151$1,595$767
49 years$19,350$10,775$5,706$2,912$1,448$684
50 years$18,746$10,293$5,365$2,691$1,315$610

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $19,200,000, adding $2,444 every year, while hoping to spend $25,831 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: 39/50/11 Blend
72$19,200,000$19,200,000$19,200,000$19,200,000
73$21,160,921$20,143,321$19,845,721$21,915,702
74$23,291,851$21,102,860$20,483,069$23,409,307
75$25,639,270$22,108,550$21,140,902$25,020,510
76$28,225,233$23,162,626$21,819,879$26,762,019
77$31,074,043$24,267,431$22,520,681$28,645,583
78$34,212,481$25,425,421$23,244,010$30,684,083
79$37,670,060$26,639,173$23,990,590$32,891,636
80$41,479,301$27,911,387$24,761,170$35,283,720
81$45,676,042$29,244,897$25,556,521$37,877,312
82$50,299,774$30,642,673$26,377,441$40,691,033
83$55,394,018$32,107,831$27,224,752$43,745,314
84$61,006,730$33,643,637$28,099,304$47,062,577
85$67,190,759$35,253,518$29,001,972$50,667,431
86$74,004,340$36,941,064$29,933,662$54,586,892
87$81,511,651$38,710,044$30,895,308$58,850,624
88$89,783,412$40,564,409$31,887,873$63,491,203
89$98,897,556$42,508,301$32,912,353$68,544,410
90$108,939,963$44,546,065$33,969,774$74,049,550
91$120,005,275$46,682,257$35,061,197$80,049,808
92$132,197,782$48,921,656$36,187,715$86,592,636
93$145,632,411$51,269,273$37,350,459$93,730,185
94$160,435,812$53,730,362$38,550,595$101,519,776
95$176,747,550$56,310,435$39,789,325$110,024,417
96$194,721,424$59,015,271$41,067,892$119,313,382
97$214,526,921$61,850,931$42,387,578$129,462,837
98$236,350,812$64,823,771$43,749,707$140,556,538
99$260,398,918$67,940,459$45,155,644$152,686,593
100$286,898,050$71,207,984$46,606,801$165,954,309