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%13.4%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,187,082
2 years$617,299$605,802$594,660$583,857$573,379$556,271
3 years$407,445$395,899$384,785$374,083$363,775$347,104
4 years$302,538$291,027$280,025$269,506$259,447$243,343
5 years$239,611$228,169$217,311$207,006$197,228$181,736
6 years$197,673$186,317$175,619$165,545$156,060$141,198
7 years$167,729$156,469$145,940$136,103$126,918$112,693
8 years$145,281$134,123$123,769$114,174$105,291$91,700
9 years$127,831$116,778$106,602$97,251$88,670$75,707
10 years$113,879$102,934$92,938$83,831$75,551$63,206
11 years$102,471$91,636$81,821$72,958$64,977$53,238
12 years$92,972$82,248$72,614$63,994$56,307$45,161
13 years$84,940$74,328$64,876$56,497$49,101$38,532
14 years$78,061$67,562$58,292$50,152$43,042$33,033
15 years$72,105$61,719$52,629$44,727$37,897$28,432
16 years$66,899$56,626$47,716$40,048$33,494$24,554
17 years$62,310$52,150$43,420$35,983$29,698$21,264
18 years$58,235$48,189$39,637$32,428$26,406$18,460
19 years$54,593$44,661$36,286$29,301$23,536$16,059
20 years$51,320$41,502$33,301$26,538$21,023$13,994
21 years$48,362$38,657$30,631$24,085$18,813$12,213
22 years$45,677$36,085$28,231$21,899$16,863$10,673
23 years$43,229$33,750$26,066$19,943$15,138$9,338
24 years$40,988$31,621$24,107$18,190$13,606$8,178
25 years$38,930$29,675$22,328$16,612$12,243$7,168
26 years$37,033$27,890$20,708$15,189$11,028$6,288
27 years$35,280$26,247$19,229$13,903$9,943$5,519
28 years$33,655$24,733$17,876$12,738$8,972$4,847
29 years$32,144$23,333$16,635$11,681$8,101$4,259
30 years$30,737$22,035$15,495$10,720$7,320$3,744
31 years$29,423$20,830$14,445$9,846$6,618$3,292
32 years$28,194$19,710$13,478$9,048$5,986$2,896
33 years$27,042$18,666$12,584$8,321$5,418$2,548
34 years$25,960$17,691$11,758$7,656$4,905$2,243
35 years$24,942$16,779$10,993$7,048$4,443$1,975
36 years$23,982$15,926$10,284$6,491$4,025$1,739
37 years$23,077$15,126$9,625$5,980$3,648$1,531
38 years$22,221$14,375$9,014$5,512$3,308$1,349
39 years$21,411$13,669$8,445$5,083$2,999$1,188
40 years$20,644$13,005$7,915$4,688$2,721$1,047
41 years$19,916$12,380$7,422$4,325$2,468$922
42 years$19,225$11,790$6,962$3,992$2,240$813
43 years$18,567$11,234$6,533$3,685$2,033$716
44 years$17,941$10,708$6,132$3,402$1,845$631
45 years$17,345$10,211$5,758$3,142$1,675$557
46 years$16,776$9,741$5,408$2,902$1,521$491
47 years$16,233$9,296$5,081$2,681$1,381$432
48 years$15,714$8,874$4,775$2,478$1,254$381
49 years$15,218$8,474$4,488$2,290$1,139$336
50 years$14,743$8,095$4,219$2,117$1,035$296

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 $4,467 every year, while hoping to spend $22,321 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: 59/33/8 Blend
72$15,100,000$15,100,000$15,100,000$15,100,000
73$16,644,808$15,844,508$15,610,458$17,597,323
74$18,318,829$16,597,139$16,109,659$18,989,791
75$20,162,852$17,385,902$16,624,835$20,504,438
76$22,194,194$18,212,542$17,156,498$22,155,353
77$24,431,936$19,078,891$17,705,175$23,955,620
78$26,897,107$19,986,870$18,271,412$25,919,621
79$29,612,879$20,938,494$18,855,772$28,063,167
80$32,604,786$21,935,874$19,458,833$30,403,638
81$35,900,967$22,981,224$20,081,196$32,960,146
82$39,532,428$24,076,866$20,723,479$35,753,706
83$43,533,340$25,225,237$21,386,320$38,807,429
84$47,941,355$26,428,888$22,070,376$42,146,737
85$52,797,968$27,690,499$22,776,329$45,799,590
86$58,148,904$29,012,876$23,504,878$49,796,748
87$64,044,549$30,398,964$24,256,749$54,172,051
88$70,540,431$31,851,850$25,032,688$58,962,732
89$77,697,737$33,374,774$25,833,465$64,209,760
90$85,583,898$34,971,129$26,659,878$69,958,216
91$94,273,218$36,644,477$27,512,746$76,257,713
92$103,847,581$38,398,552$28,392,919$83,162,854
93$114,397,223$40,237,269$29,301,269$90,733,734
94$126,021,578$42,164,734$30,238,701$99,036,502
95$138,830,228$44,185,254$31,206,145$108,143,971
96$152,943,924$46,303,345$32,204,565$118,136,296
97$168,495,738$48,523,742$33,234,951$129,101,718
98$185,632,309$50,851,412$34,298,328$141,137,385
99$204,515,237$53,291,563$35,395,754$154,350,253
100$225,322,598$55,849,656$36,528,319$168,858,087