Can I retire at age 73 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,534,890
2 years$797,174$782,328$767,939$753,988$740,456$720,268
3 years$526,170$511,260$496,907$483,087$469,776$450,093
4 years$390,695$375,830$361,621$348,037$335,048$316,023
5 years$309,431$294,655$280,633$267,326$254,698$236,386
6 years$255,273$240,608$226,793$213,783$201,534$183,957
7 years$216,603$202,062$188,466$175,763$163,901$147,066
8 years$187,615$173,205$159,834$147,443$135,972$119,876
9 years$165,080$150,806$137,665$125,589$114,508$99,145
10 years$147,062$132,928$120,020$108,259$97,566$82,925
11 years$132,330$118,338$105,663$94,217$83,910$69,977
12 years$120,063$106,214$93,774$82,641$72,715$59,475
13 years$109,690$95,986$83,780$72,960$63,409$50,844
14 years$100,807$87,249$75,277$64,766$55,584$43,676
15 years$93,116$79,703$67,965$57,760$48,940$37,669
16 years$86,392$73,126$61,620$51,717$43,254$32,599
17 years$80,466$67,347$56,072$46,468$38,352$28,292
18 years$75,204$62,231$51,187$41,877$34,101$24,614
19 years$70,501$57,675$46,859$37,839$30,395$21,458
20 years$66,274$53,595$43,005$34,271$27,149$18,741
21 years$62,455$49,921$39,556$31,103$24,295$16,394
22 years$58,987$46,600$36,457$28,280$21,777$14,359
23 years$55,826$43,584$33,662$25,755$19,549$12,592
24 years$52,932$40,835$31,131$23,490$17,571$11,053
25 years$50,274$38,322$28,834$21,452$15,811$9,711
26 years$47,824$36,016$26,742$19,615$14,242$8,539
27 years$45,560$33,896$24,832$17,954$12,840$7,513
28 years$43,461$31,940$23,085$16,450$11,586$6,614
29 years$41,511$30,131$21,482$15,085$10,462$5,826
30 years$39,694$28,456$20,010$13,844$9,453$5,134
31 years$37,997$26,900$18,655$12,715$8,546$4,526
32 years$36,410$25,453$17,405$11,685$7,731$3,991
33 years$34,922$24,105$16,251$10,745$6,996$3,521
34 years$33,524$22,846$15,184$9,887$6,334$3,107
35 years$32,209$21,669$14,196$9,101$5,737$2,742
36 years$30,971$20,567$13,280$8,382$5,198$2,420
37 years$29,801$19,534$12,430$7,723$4,711$2,137
38 years$28,696$18,564$11,640$7,118$4,271$1,887
39 years$27,651$17,653$10,906$6,564$3,873$1,667
40 years$26,660$16,795$10,222$6,054$3,513$1,472
41 years$25,719$15,987$9,585$5,585$3,187$1,301
42 years$24,826$15,226$8,991$5,155$2,892$1,149
43 years$23,977$14,507$8,437$4,758$2,625$1,015
44 years$23,169$13,828$7,919$4,394$2,383$897
45 years$22,399$13,186$7,436$4,058$2,163$793
46 years$21,664$12,579$6,984$3,748$1,964$701
47 years$20,963$12,005$6,561$3,463$1,783$619
48 years$20,293$11,460$6,166$3,200$1,619$547
49 years$19,652$10,944$5,796$2,957$1,471$484
50 years$19,039$10,454$5,449$2,733$1,336$428

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $19,500,000, adding $3,684 every year, while hoping to spend $53,838 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: 60/18/22 Blend
72$19,500,000$19,500,000$19,500,000$19,500,000
73$21,492,800$20,459,300$20,157,050$22,656,979
74$23,627,782$21,404,523$20,775,028$24,392,343
75$25,978,729$22,394,257$21,411,904$26,278,616
76$28,567,610$23,430,626$22,068,254$28,335,450
77$31,418,637$24,515,858$22,744,671$30,579,409
78$34,558,489$25,652,286$23,441,769$33,028,711
79$38,016,563$26,842,356$24,160,176$35,703,401
80$41,825,254$28,088,633$24,900,543$38,625,530
81$46,020,257$29,393,803$25,663,539$41,819,359
82$50,640,909$30,760,685$26,449,853$45,311,586
83$55,730,555$32,192,232$27,260,196$49,131,591
84$61,336,959$33,691,539$28,095,300$53,311,707
85$67,512,756$35,261,851$28,955,920$57,887,520
86$74,315,946$36,906,571$29,842,832$62,898,199
87$81,810,444$38,629,264$30,756,838$68,386,860
88$90,066,680$40,433,668$31,698,763$74,400,965
89$99,162,266$42,323,703$32,669,457$80,992,765
90$109,182,729$44,303,477$33,669,795$88,219,786
91$120,222,315$46,377,295$34,700,681$96,145,361
92$132,384,882$48,549,673$35,763,045$104,839,225
93$145,784,878$50,825,345$36,857,845$114,378,163
94$160,548,420$53,209,271$37,986,067$124,846,725
95$176,814,489$55,706,655$39,148,730$136,338,020
96$194,736,235$58,322,950$40,346,881$148,954,579
97$214,482,429$61,063,873$41,581,600$162,809,318
98$236,239,053$63,935,419$42,854,000$178,026,594
99$260,211,055$66,943,872$44,165,226$194,743,365
100$286,624,282$70,095,822$45,516,461$213,110,475