Can I retire at age 73 with 15,000,000?

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 $15,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,170,058
2 years$613,211$601,790$590,722$579,991$569,581$543,455
3 years$404,746$393,277$382,236$371,606$361,366$335,991
4 years$300,535$289,100$278,170$267,721$257,729$233,302
5 years$238,024$226,658$215,871$205,635$195,922$172,510
6 years$196,364$185,083$174,456$164,448$155,026$132,656
7 years$166,618$155,433$144,974$135,202$126,078$104,752
8 years$144,319$133,234$122,949$113,418$104,594$84,306
9 years$126,984$116,005$105,896$96,607$88,083$68,818
10 years$113,125$102,252$92,323$83,276$75,051$56,789
11 years$101,793$91,029$81,280$72,475$64,546$47,264
12 years$92,356$81,703$72,133$63,570$55,935$39,605
13 years$84,377$73,836$64,446$56,123$48,776$33,370
14 years$77,544$67,114$57,905$49,820$42,757$28,243
15 years$71,628$61,310$52,281$44,430$37,646$23,993
16 years$66,456$56,251$47,400$39,783$33,272$20,445
17 years$61,897$51,805$43,132$35,744$29,501$17,468
18 years$57,849$47,870$39,374$32,213$26,231$14,956
19 years$54,232$44,366$36,045$29,107$23,380$12,829
20 years$50,980$41,227$33,081$26,362$20,884$11,022
21 years$48,042$38,401$30,428$23,925$18,689$9,482
22 years$45,375$35,846$28,044$21,754$16,752$8,166
23 years$42,943$33,526$25,894$19,811$15,037$7,040
24 years$40,717$31,412$23,947$18,069$13,516$6,074
25 years$38,672$29,478$22,180$16,502$12,162$5,245
26 years$36,788$27,705$20,571$15,088$10,955$4,531
27 years$35,046$26,074$19,102$13,811$9,877$3,917
28 years$33,432$24,569$17,757$12,654$8,912$3,387
29 years$31,931$23,178$16,525$11,604$8,048$2,930
30 years$30,534$21,889$15,392$10,649$7,272$2,536
31 years$29,228$20,693$14,350$9,780$6,574$2,195
32 years$28,007$19,579$13,389$8,989$5,947$1,901
33 years$26,863$18,542$12,501$8,266$5,382$1,646
34 years$25,788$17,574$11,680$7,605$4,873$1,426
35 years$24,776$16,668$10,920$7,001$4,413$1,236
36 years$23,823$15,821$10,216$6,448$3,999$1,071
37 years$22,924$15,026$9,562$5,941$3,624$928
38 years$22,074$14,280$8,954$5,476$3,286$804
39 years$21,270$13,579$8,389$5,049$2,980$697
40 years$20,507$12,919$7,863$4,657$2,703$604
41 years$19,784$12,298$7,373$4,297$2,452$524
42 years$19,097$11,712$6,916$3,965$2,225$454
43 years$18,444$11,159$6,490$3,660$2,019$394
44 years$17,822$10,637$6,092$3,380$1,833$341
45 years$17,230$10,143$5,720$3,121$1,664$296
46 years$16,665$9,676$5,372$2,883$1,511$257
47 years$16,125$9,234$5,047$2,664$1,372$223
48 years$15,610$8,815$4,743$2,461$1,246$193
49 years$15,117$8,418$4,458$2,275$1,131$167
50 years$14,645$8,041$4,191$2,103$1,028$145

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $15,000,000, adding $5,641 every year, while hoping to spend $54,208 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: 58/23/19 Blend
72$15,000,000$15,000,000$15,000,000$15,000,000
73$16,535,819$15,740,819$15,508,319$17,411,665
74$18,164,795$16,454,442$15,970,170$18,720,586
75$19,958,111$17,201,216$16,445,677$20,140,488
76$21,932,470$17,982,708$16,935,240$21,687,247
77$24,106,281$18,800,559$17,439,270$23,373,105
78$26,499,827$19,656,492$17,958,190$25,211,526
79$29,135,458$20,552,309$18,492,438$27,217,315
80$32,037,802$21,489,899$19,042,462$29,406,757
81$35,233,996$22,471,242$19,608,722$31,797,767
82$38,753,944$23,498,414$20,191,696$34,410,052
83$42,630,599$24,573,589$20,791,870$37,265,295
84$46,900,271$25,699,045$21,409,749$40,387,351
85$51,602,972$26,877,172$22,045,849$43,802,474
86$56,782,793$28,110,471$22,700,702$47,539,553
87$62,488,320$29,401,566$23,374,858$51,630,383
88$68,773,092$30,753,206$24,068,878$56,109,958
89$75,696,105$32,168,271$24,783,344$61,016,796
90$83,322,373$33,649,782$25,518,851$66,393,295
91$91,723,536$35,200,902$26,276,014$72,286,131
92$100,978,540$36,824,949$27,055,463$78,746,686
93$111,174,379$38,525,400$27,857,849$85,831,530
94$122,406,918$40,305,897$28,683,840$93,602,948
95$134,781,798$42,170,260$29,534,123$102,129,516
96$148,415,431$44,122,493$30,409,405$111,486,747
97$163,436,100$46,166,790$31,310,416$121,757,788
98$179,985,170$48,307,550$32,237,902$133,034,203
99$198,218,420$50,549,383$33,192,635$145,416,824
100$218,307,517$52,897,121$34,175,406$159,016,695