Can I retire at age 73 with 15,300,000?

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,182,410
2 years$625,475$613,826$602,537$591,591$580,973$543,387
3 years$412,841$401,142$389,881$379,038$368,593$332,233
4 years$306,545$294,882$283,734$273,075$262,884$228,029
5 years$242,784$231,191$220,189$209,748$199,840$166,584
6 years$200,291$188,785$177,945$167,737$158,127$126,499
7 years$169,950$158,541$147,873$137,906$128,599$98,597
8 years$147,205$135,899$125,408$115,686$106,686$78,290
9 years$129,524$118,325$108,014$98,539$89,845$63,025
10 years$115,387$104,297$94,169$84,941$76,552$51,269
11 years$103,829$92,850$82,905$73,924$65,837$42,045
12 years$94,203$83,337$73,576$64,842$57,053$34,704
13 years$86,065$75,312$65,735$57,245$49,752$28,791
14 years$79,095$68,457$59,064$50,816$43,612$23,986
15 years$73,060$62,537$53,326$45,319$38,399$20,050
16 years$67,785$57,376$48,348$40,578$33,937$16,807
17 years$63,135$52,841$43,995$36,459$30,091$14,121
18 years$59,006$48,828$40,162$32,857$26,756$11,887
19 years$55,316$45,253$36,766$29,689$23,848$10,022
20 years$52,000$42,051$33,742$26,889$21,302$8,461
21 years$49,003$39,169$31,036$24,404$19,062$7,152
22 years$46,282$36,563$28,605$22,189$17,087$6,050
23 years$43,802$34,197$26,411$20,208$15,338$5,122
24 years$41,531$32,040$24,426$18,431$13,786$4,340
25 years$39,446$30,068$22,623$16,832$12,405$3,679
26 years$37,524$28,259$20,982$15,390$11,174$3,120
27 years$35,747$26,595$19,484$14,087$10,075$2,647
28 years$34,100$25,060$18,113$12,907$9,091$2,247
29 years$32,570$23,642$16,855$11,836$8,209$1,907
30 years$31,144$22,327$15,700$10,862$7,417$1,620
31 years$29,813$21,106$14,637$9,976$6,706$1,376
32 years$28,568$19,971$13,656$9,168$6,066$1,169
33 years$27,400$18,913$12,751$8,431$5,489$993
34 years$26,304$17,925$11,914$7,757$4,970$844
35 years$25,272$17,002$11,139$7,141$4,502$717
36 years$24,300$16,137$10,420$6,577$4,079$609
37 years$23,383$15,326$9,753$6,060$3,697$518
38 years$22,516$14,566$9,133$5,585$3,351$440
39 years$21,695$13,850$8,557$5,150$3,039$374
40 years$20,918$13,178$8,020$4,750$2,757$318
41 years$20,180$12,544$7,520$4,382$2,501$270
42 years$19,479$11,946$7,054$4,044$2,269$230
43 years$18,813$11,382$6,620$3,734$2,059$196
44 years$18,179$10,850$6,214$3,447$1,869$166
45 years$17,574$10,346$5,834$3,184$1,697$141
46 years$16,998$9,870$5,480$2,941$1,541$120
47 years$16,448$9,419$5,148$2,717$1,399$102
48 years$15,922$8,992$4,838$2,511$1,271$87
49 years$15,419$8,587$4,547$2,320$1,154$74
50 years$14,938$8,202$4,275$2,145$1,048$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $15,300,000, adding $2,780 every year, while hoping to spend $48,590 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: 77/14/9 Blend
72$15,300,000$15,300,000$15,300,000$15,300,000
73$16,863,468$16,052,568$15,815,418$18,137,624
74$18,531,842$16,787,444$16,293,535$19,710,527
75$20,368,762$17,556,701$16,786,040$21,428,155
76$22,391,368$18,361,971$17,293,365$23,310,016
77$24,618,547$19,204,968$17,815,952$25,372,431
78$27,071,111$20,087,483$18,354,259$27,633,364
79$29,771,993$21,011,398$18,908,755$30,112,596
80$32,746,463$21,978,684$19,479,925$32,831,904
81$36,022,367$22,991,405$20,068,268$35,815,266
82$39,630,391$24,051,725$20,674,297$39,089,086
83$43,604,345$25,161,914$21,298,540$42,682,436
84$47,981,490$26,324,350$21,941,543$46,627,333
85$52,802,883$27,541,524$22,603,866$50,959,035
86$58,113,768$28,816,050$23,286,086$55,716,369
87$63,964,000$30,150,664$23,988,798$60,942,098
88$70,408,519$31,548,237$24,712,613$66,683,318
89$77,507,864$33,011,777$25,458,162$72,991,902
90$85,328,749$34,544,437$26,226,094$79,924,981
91$93,944,690$36,149,523$27,017,076$87,545,484
92$103,436,698$37,830,499$27,831,798$95,922,726
93$113,894,044$39,590,997$28,670,966$105,133,056
94$125,415,104$41,434,823$29,535,311$115,260,577
95$138,108,284$43,365,969$30,425,583$126,397,933
96$152,093,045$45,388,617$31,342,556$138,647,176
97$167,501,030$47,507,153$32,287,026$152,120,730
98$184,477,305$49,726,174$33,259,811$166,942,442
99$203,181,733$52,050,499$34,261,757$183,248,746
100$223,790,475$54,485,180$35,293,732$201,189,948