Can I retire at age 73 with 19,400,000?

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 $19,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,492,095
2 years$793,086$778,316$764,001$750,121$736,659$681,945
3 years$523,472$508,638$494,359$480,610$467,367$414,546
4 years$388,691$373,903$359,767$346,252$333,330$282,807
5 years$307,844$293,144$279,194$265,955$253,392$205,299
6 years$253,964$239,374$225,630$212,686$200,500$154,874
7 years$215,493$201,026$187,500$174,861$163,061$119,890
8 years$186,653$172,317$159,015$146,687$135,274$94,524
9 years$164,233$150,033$136,959$124,945$113,921$75,538
10 years$146,308$132,246$119,404$107,703$97,066$60,985
11 years$131,652$117,731$105,121$93,734$83,480$49,627
12 years$119,447$105,669$93,293$82,218$72,342$40,636
13 years$109,128$95,494$83,351$72,586$63,084$33,439
14 years$100,290$86,801$74,891$64,434$55,299$27,626
15 years$92,638$79,295$67,617$57,463$48,689$22,897
16 years$85,949$72,751$61,304$51,452$43,032$19,028
17 years$80,053$67,001$55,784$46,229$38,155$15,847
18 years$74,818$61,912$50,924$41,662$33,926$13,221
19 years$70,140$57,380$46,619$37,645$30,239$11,046
20 years$65,934$53,320$42,784$34,095$27,010$9,241
21 years$62,135$49,665$39,353$30,943$24,171$7,738
22 years$58,685$46,361$36,270$28,135$21,666$6,485
23 years$55,539$43,360$33,489$25,623$19,448$5,439
24 years$52,661$40,626$30,972$23,369$17,481$4,564
25 years$50,016$38,125$28,686$21,342$15,730$3,832
26 years$47,579$35,832$26,605$19,514$14,169$3,219
27 years$45,326$33,722$24,705$17,862$12,774$2,704
28 years$43,238$31,776$22,966$16,365$11,527$2,273
29 years$41,298$29,977$21,372$15,007$10,408$1,911
30 years$39,490$28,310$19,907$13,773$9,404$1,607
31 years$37,802$26,762$18,559$12,649$8,503$1,351
32 years$36,223$25,323$17,316$11,625$7,691$1,137
33 years$34,743$23,981$16,168$10,690$6,961$956
34 years$33,352$22,728$15,106$9,836$6,302$804
35 years$32,044$21,558$14,123$9,055$5,708$677
36 years$30,812$20,461$13,212$8,339$5,172$569
37 years$29,648$19,434$12,366$7,683$4,687$479
38 years$28,549$18,469$11,581$7,082$4,249$403
39 years$27,509$17,562$10,850$6,530$3,854$339
40 years$26,523$16,709$10,169$6,023$3,495$286
41 years$25,587$15,905$9,536$5,557$3,171$240
42 years$24,699$15,148$8,945$5,128$2,877$202
43 years$23,854$14,433$8,393$4,734$2,611$170
44 years$23,050$13,757$7,879$4,371$2,370$143
45 years$22,284$13,119$7,398$4,037$2,152$121
46 years$21,553$12,515$6,948$3,729$1,954$102
47 years$20,855$11,943$6,528$3,445$1,774$85
48 years$20,189$11,401$6,134$3,183$1,611$72
49 years$19,551$10,887$5,766$2,942$1,463$61
50 years$18,941$10,400$5,421$2,719$1,329$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $19,400,000, adding $4,139 every year, while hoping to spend $48,117 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: 51/20/29 Blend
72$19,400,000$19,400,000$19,400,000$19,400,000
73$21,383,069$20,354,869$20,054,169$22,298,394
74$23,512,946$21,301,062$20,674,788$23,883,915
75$25,858,458$22,292,005$21,314,585$25,601,912
76$28,441,549$23,329,841$21,974,151$27,469,199
77$31,286,398$24,416,815$22,654,097$29,500,021
78$34,419,653$25,555,281$23,355,051$31,710,036
79$37,870,674$26,747,706$24,077,661$34,116,458
80$41,671,816$27,996,677$24,822,596$36,738,212
81$45,858,731$29,304,904$25,590,544$39,596,113
82$50,470,709$30,675,232$26,382,214$42,713,050
83$55,551,041$32,110,638$27,198,338$46,114,199
84$61,147,435$33,614,247$28,039,670$49,827,254
85$67,312,463$35,189,335$28,906,988$53,882,682
86$74,104,055$36,839,333$29,801,093$58,314,001
87$81,586,049$38,567,841$30,722,811$63,158,092
88$89,828,794$40,378,632$31,672,992$68,455,540
89$98,909,808$42,275,663$32,652,515$74,251,005
90$108,914,519$44,263,081$33,662,285$80,593,639
91$119,937,061$46,345,233$34,703,232$87,537,541
92$132,081,170$48,526,678$35,776,319$95,142,256
93$145,461,160$50,812,196$36,882,536$103,473,331
94$160,203,001$53,206,797$38,022,905$112,602,921
95$176,445,512$55,715,734$39,198,477$122,610,464
96$194,341,666$58,344,517$40,410,337$133,583,412
97$214,060,037$61,098,919$41,659,604$145,618,057
98$235,786,390$63,984,996$42,947,431$158,820,418
99$259,725,437$67,009,096$44,275,005$173,307,234
100$286,102,765$70,177,875$45,643,551$189,207,054