Can I retire at age 73 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,561,989
2 years$817,615$802,387$787,630$773,321$759,442$726,506
3 years$539,662$524,369$509,648$495,474$481,821$449,817
4 years$400,713$385,467$370,894$356,961$343,639$312,812
5 years$317,365$302,211$287,829$274,180$261,229$231,667
6 years$261,818$246,778$232,608$219,264$206,701$178,437
7 years$222,157$207,243$193,299$180,269$168,104$141,142
8 years$192,425$177,646$163,933$151,223$139,458$113,791
9 years$169,313$154,673$141,195$128,809$117,444$93,054
10 years$150,833$136,336$123,097$111,034$100,068$76,931
11 years$135,724$121,372$108,373$96,633$86,062$64,149
12 years$123,141$108,937$96,178$84,760$74,579$53,859
13 years$112,503$98,447$85,929$74,831$65,035$45,470
14 years$103,392$89,486$77,207$66,426$57,009$38,563
15 years$95,503$81,747$69,708$59,241$50,195$32,828
16 years$88,608$75,001$63,201$53,044$44,363$28,034
17 years$82,529$69,073$57,510$47,659$39,335$24,003
18 years$77,132$63,827$52,499$42,951$34,975$20,597
19 years$72,309$59,154$48,060$38,809$31,174$17,707
20 years$67,974$54,969$44,107$35,149$27,845$15,247
21 years$64,056$51,201$40,570$31,900$24,918$13,147
22 years$60,500$47,795$37,392$29,005$22,336$11,349
23 years$57,257$44,701$34,525$26,415$20,050$9,807
24 years$54,289$41,882$31,930$24,092$18,021$8,481
25 years$51,563$39,304$29,573$22,002$16,216$7,340
26 years$49,051$36,940$27,428$20,118$14,607$6,357
27 years$46,728$34,765$25,469$18,414$13,170$5,508
28 years$44,576$32,759$23,677$16,871$11,883$4,775
29 years$42,575$30,904$22,033$15,471$10,730$4,141
30 years$40,711$29,186$20,523$14,199$9,695$3,593
31 years$38,971$27,590$19,133$13,041$8,766$3,118
32 years$37,343$26,106$17,851$11,985$7,929$2,707
33 years$35,817$24,723$16,668$11,021$7,176$2,350
34 years$34,384$23,431$15,574$10,140$6,497$2,041
35 years$33,035$22,224$14,560$9,335$5,884$1,773
36 years$31,765$21,094$13,621$8,597$5,332$1,540
37 years$30,565$20,035$12,749$7,921$4,832$1,338
38 years$29,432$19,040$11,939$7,301$4,381$1,163
39 years$28,360$18,105$11,185$6,732$3,973$1,010
40 years$27,343$17,226$10,484$6,209$3,603$878
41 years$26,379$16,397$9,831$5,729$3,269$763
42 years$25,463$15,616$9,221$5,287$2,966$663
43 years$24,592$14,879$8,653$4,880$2,692$577
44 years$23,763$14,183$8,122$4,506$2,444$501
45 years$22,973$13,525$7,627$4,162$2,218$436
46 years$22,219$12,902$7,163$3,844$2,014$379
47 years$21,500$12,312$6,730$3,552$1,829$329
48 years$20,813$11,754$6,324$3,282$1,661$286
49 years$20,156$11,224$5,944$3,033$1,509$249
50 years$19,527$10,722$5,588$2,803$1,370$216

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $20,000,000, adding $2,731 every year, while hoping to spend $28,958 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: 75/18/7 Blend
72$20,000,000$20,000,000$20,000,000$20,000,000
73$22,042,817$20,982,817$20,672,817$23,675,692
74$24,260,373$21,980,164$21,334,545$25,747,642
75$26,703,150$23,025,410$22,017,471$28,013,451
76$29,394,088$24,120,873$22,722,273$30,495,434
77$32,358,470$25,268,980$23,449,654$33,214,994
78$35,624,153$26,472,279$24,200,337$36,195,690
79$39,221,837$27,733,442$24,975,069$39,463,453
80$43,185,352$29,055,268$25,774,621$43,046,828
81$47,551,976$30,440,694$26,599,789$46,977,238
82$52,362,790$31,892,801$27,451,394$51,289,278
83$57,663,063$33,414,816$28,330,285$56,021,033
84$63,502,681$35,010,128$29,237,335$61,214,437
85$69,936,617$36,682,286$30,173,447$66,915,660
86$77,025,449$38,435,015$31,139,555$73,175,543
87$84,835,933$40,272,220$32,136,619$80,050,065
88$93,441,635$42,197,994$33,165,632$87,600,874
89$102,923,619$44,216,634$34,227,618$95,895,854
90$113,371,221$46,332,642$35,323,636$105,009,769
91$124,882,884$48,550,740$36,454,776$115,024,951
92$137,567,092$50,875,880$37,622,165$126,032,081
93$151,543,393$53,313,256$38,826,966$138,131,030
94$166,943,528$55,868,314$40,070,377$151,431,795
95$183,912,671$58,546,765$41,353,639$166,055,533
96$202,610,806$61,354,598$42,678,028$182,135,692
97$223,214,230$64,298,095$44,044,863$199,819,265
98$245,917,223$67,383,843$45,455,508$219,268,166
99$270,933,878$70,618,750$46,911,365$240,660,750
100$298,500,124$74,010,059$48,413,887$264,193,484