Can I retire at age 73 with 15,200,000?

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,194,449
2 years$621,387$609,814$598,598$587,724$577,176$559,461
3 years$410,143$398,520$387,333$376,560$366,184$348,925
4 years$304,542$292,955$281,879$271,291$261,166$244,496
5 years$241,198$229,680$218,750$208,377$198,534$182,501
6 years$198,982$187,551$176,782$166,641$157,093$141,716
7 years$168,840$157,505$146,907$137,005$127,759$113,043
8 years$146,243$135,011$124,589$114,930$105,988$91,932
9 years$128,678$117,551$107,308$97,895$89,257$75,854
10 years$114,633$103,616$93,554$84,386$76,052$63,290
11 years$103,150$92,243$82,363$73,441$65,407$53,275
12 years$93,587$82,792$73,095$64,418$56,680$45,164
13 years$85,502$74,820$65,306$56,871$49,426$38,509
14 years$78,578$68,009$58,678$50,484$43,327$32,991
15 years$72,583$62,128$52,978$45,023$38,148$28,377
16 years$67,342$57,001$48,032$40,313$33,716$24,489
17 years$62,722$52,496$43,707$36,221$29,895$21,193
18 years$58,621$48,509$39,899$32,642$26,581$18,385
19 years$54,955$44,957$36,526$29,495$23,692$15,982
20 years$51,660$41,776$33,522$26,714$21,162$13,917
21 years$48,683$38,913$30,833$24,244$18,938$12,137
22 years$45,980$36,324$28,418$22,044$16,975$10,598
23 years$43,515$33,973$26,239$20,076$15,238$9,265
24 years$41,260$31,831$24,266$18,310$13,696$8,108
25 years$39,188$29,871$22,476$16,722$12,324$7,101
26 years$37,279$28,074$20,845$15,290$11,101$6,224
27 years$35,514$26,421$19,356$13,995$10,009$5,458
28 years$33,877$24,897$17,994$12,822$9,031$4,790
29 years$32,357$23,487$16,745$11,758$8,155$4,205
30 years$30,941$22,181$15,598$10,791$7,368$3,694
31 years$29,618$20,968$14,541$9,911$6,662$3,246
32 years$28,381$19,840$13,567$9,108$6,026$2,853
33 years$27,221$18,789$12,668$8,376$5,454$2,508
34 years$26,132$17,808$11,836$7,707$4,938$2,206
35 years$25,107$16,890$11,066$7,094$4,472$1,940
36 years$24,141$16,032$10,352$6,534$4,052$1,707
37 years$23,230$15,226$9,689$6,020$3,672$1,502
38 years$22,368$14,470$9,073$5,549$3,329$1,322
39 years$21,553$13,760$8,501$5,116$3,019$1,164
40 years$20,781$13,091$7,968$4,719$2,739$1,024
41 years$20,048$12,462$7,471$4,354$2,485$902
42 years$19,352$11,868$7,008$4,018$2,254$794
43 years$18,690$11,308$6,576$3,709$2,046$699
44 years$18,060$10,779$6,173$3,425$1,857$616
45 years$17,459$10,279$5,796$3,163$1,686$542
46 years$16,887$9,805$5,444$2,922$1,531$478
47 years$16,340$9,357$5,115$2,699$1,390$421
48 years$15,818$8,933$4,806$2,494$1,262$370
49 years$15,318$8,530$4,518$2,305$1,147$326
50 years$14,841$8,149$4,247$2,131$1,041$287

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $15,200,000, adding $6,799 every year, while hoping to spend $58,780 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: 55/22/23 Blend
72$15,200,000$15,200,000$15,200,000$15,200,000
73$16,757,413$15,951,813$15,716,213$17,573,327
74$18,404,128$16,670,911$16,180,165$18,852,825
75$20,216,837$17,423,274$16,657,689$20,238,796
76$22,212,411$18,210,470$17,149,178$21,746,963
77$24,409,437$19,034,144$17,655,035$23,389,069
78$26,828,398$19,896,015$18,175,677$25,178,024
79$29,491,862$20,797,887$18,711,530$27,128,026
80$32,424,700$21,741,651$19,263,034$29,254,687
81$35,654,313$22,729,286$19,830,640$31,575,182
82$39,210,900$23,762,868$20,414,813$34,108,403
83$43,127,734$24,844,570$21,016,031$36,875,131
84$47,441,480$25,976,672$21,634,785$39,898,235
85$52,192,542$27,161,560$22,271,582$43,202,872
86$57,425,441$28,401,736$22,926,940$46,816,729
87$63,189,238$29,699,823$23,601,394$50,770,272
88$69,537,993$31,058,568$24,295,494$55,097,035
89$76,531,281$32,480,849$25,009,805$59,833,923
90$84,234,746$33,969,686$25,744,909$65,021,559
91$92,720,730$35,528,240$26,501,402$70,704,660
92$102,068,946$37,159,825$27,279,901$76,932,453
93$112,367,237$38,867,915$28,081,036$83,759,131
94$123,712,402$40,656,150$28,905,458$91,244,359
95$136,211,111$42,528,346$29,753,835$99,453,828
96$149,980,910$44,488,500$30,626,854$108,459,871
97$165,151,331$46,540,804$31,525,221$118,342,130
98$181,865,114$48,689,651$32,449,663$129,188,310
99$200,279,556$50,939,644$33,400,927$141,094,986
100$220,567,993$53,295,609$34,379,781$154,168,515