Can I retire at age 73 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,194,505
2 years$617,299$605,802$594,660$583,857$573,379$563,712
3 years$407,445$395,899$384,785$374,083$363,775$354,331
4 years$302,538$291,027$280,025$269,506$259,447$250,298
5 years$239,611$228,169$217,311$207,006$197,228$188,401
6 years$197,673$186,317$175,619$165,545$156,060$147,566
7 years$167,729$156,469$145,940$136,103$126,918$118,762
8 years$145,281$134,123$123,769$114,174$105,291$97,472
9 years$127,831$116,778$106,602$97,251$88,670$81,186
10 years$113,879$102,934$92,938$83,831$75,551$68,398
11 years$102,471$91,636$81,821$72,958$64,977$58,148
12 years$92,972$82,248$72,614$63,994$56,307$49,798
13 years$84,940$74,328$64,876$56,497$49,101$42,904
14 years$78,061$67,562$58,292$50,152$43,042$37,149
15 years$72,105$61,719$52,629$44,727$37,897$32,301
16 years$66,899$56,626$47,716$40,048$33,494$28,185
17 years$62,310$52,150$43,420$35,983$29,698$24,667
18 years$58,235$48,189$39,637$32,428$26,406$21,644
19 years$54,593$44,661$36,286$29,301$23,536$19,034
20 years$51,320$41,502$33,301$26,538$21,023$16,771
21 years$48,362$38,657$30,631$24,085$18,813$14,802
22 years$45,677$36,085$28,231$21,899$16,863$13,083
23 years$43,229$33,750$26,066$19,943$15,138$11,578
24 years$40,988$31,621$24,107$18,190$13,606$10,258
25 years$38,930$29,675$22,328$16,612$12,243$9,098
26 years$37,033$27,890$20,708$15,189$11,028$8,075
27 years$35,280$26,247$19,229$13,903$9,943$7,173
28 years$33,655$24,733$17,876$12,738$8,972$6,376
29 years$32,144$23,333$16,635$11,681$8,101$5,671
30 years$30,737$22,035$15,495$10,720$7,320$5,046
31 years$29,423$20,830$14,445$9,846$6,618$4,493
32 years$28,194$19,710$13,478$9,048$5,986$4,002
33 years$27,042$18,666$12,584$8,321$5,418$3,565
34 years$25,960$17,691$11,758$7,656$4,905$3,178
35 years$24,942$16,779$10,993$7,048$4,443$2,833
36 years$23,982$15,926$10,284$6,491$4,025$2,526
37 years$23,077$15,126$9,625$5,980$3,648$2,253
38 years$22,221$14,375$9,014$5,512$3,308$2,010
39 years$21,411$13,669$8,445$5,083$2,999$1,794
40 years$20,644$13,005$7,915$4,688$2,721$1,601
41 years$19,916$12,380$7,422$4,325$2,468$1,429
42 years$19,225$11,790$6,962$3,992$2,240$1,276
43 years$18,567$11,234$6,533$3,685$2,033$1,139
44 years$17,941$10,708$6,132$3,402$1,845$1,017
45 years$17,345$10,211$5,758$3,142$1,675$908
46 years$16,776$9,741$5,408$2,902$1,521$811
47 years$16,233$9,296$5,081$2,681$1,381$724
48 years$15,714$8,874$4,775$2,478$1,254$647
49 years$15,218$8,474$4,488$2,290$1,139$578
50 years$14,743$8,095$4,219$2,117$1,035$516

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $15,100,000, adding $3,361 every year, while hoping to spend $21,315 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: 32/42/26 Blend
72$15,100,000$15,100,000$15,100,000$15,100,000
73$16,643,667$15,843,367$15,609,317$17,043,658
74$18,318,642$16,597,013$16,109,550$18,102,399
75$20,163,750$17,386,873$16,625,827$19,239,828
76$22,196,322$18,214,700$17,158,661$20,464,542
77$24,435,457$19,082,330$17,708,586$21,784,228
78$26,902,199$19,991,689$18,276,149$23,207,304
79$29,619,740$20,944,799$18,861,917$24,742,990
80$32,613,636$21,943,777$19,466,474$26,401,390
81$35,912,049$22,990,844$20,090,423$28,193,574
82$39,546,013$24,088,330$20,734,387$30,131,679
83$43,549,725$25,238,677$21,399,008$32,229,015
84$47,960,871$26,444,446$22,084,949$34,500,178
85$52,820,981$27,708,325$22,792,895$36,961,179
86$58,175,816$29,033,128$23,523,553$39,629,587
87$64,075,808$30,421,810$24,277,651$42,524,684
88$70,576,531$31,877,469$25,055,942$45,667,634
89$77,739,224$33,403,352$25,859,203$49,081,672
90$85,631,374$35,002,866$26,688,236$52,792,313
91$94,327,351$36,679,583$27,543,868$56,827,580
92$103,909,106$38,437,248$28,426,954$61,218,251
93$114,466,953$40,279,790$29,338,374$65,998,143
94$126,100,411$42,211,330$30,279,039$71,204,409
95$138,919,154$44,236,186$31,249,888$76,877,881
96$153,044,039$46,358,890$32,251,890$83,063,434
97$168,608,249$48,584,193$33,286,046$89,810,396
98$185,758,550$50,917,078$34,353,388$97,172,997
99$204,656,678$53,362,771$35,454,982$105,210,858
100$225,480,863$55,926,752$36,591,929$113,989,543