Can I retire at age 73 with 15,400,000?

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 $15,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,194,938
2 years$629,563$617,838$606,475$595,457$584,770$551,680
3 years$415,540$403,764$392,429$381,515$371,002$338,936
4 years$308,549$296,809$285,588$274,860$264,602$233,807
5 years$244,371$232,702$221,628$211,119$201,146$171,707
6 years$201,600$190,019$179,108$168,834$159,160$131,104
7 years$171,061$159,577$148,840$138,807$129,440$102,769
8 years$148,168$136,787$126,228$116,442$107,383$82,084
9 years$130,371$119,098$108,720$99,183$90,432$66,481
10 years$116,142$104,979$94,785$85,497$77,052$54,420
11 years$104,507$93,457$83,447$74,408$66,268$44,918
12 years$94,819$83,882$74,057$65,265$57,426$37,320
13 years$86,627$75,805$66,165$57,620$50,077$31,172
14 years$79,612$68,904$59,450$51,148$43,897$26,149
15 years$73,538$62,945$53,675$45,615$38,650$22,013
16 years$68,228$57,751$48,664$40,844$34,159$18,585
17 years$63,548$53,187$44,283$36,698$30,288$15,730
18 years$59,392$49,147$40,424$33,072$26,931$13,340
19 years$55,678$45,549$37,006$29,883$24,004$11,332
20 years$52,340$42,326$33,963$27,065$21,441$9,640
21 years$49,323$39,425$31,239$24,563$19,187$8,211
22 years$46,585$36,802$28,792$22,334$17,198$7,001
23 years$44,088$34,420$26,584$20,340$15,438$5,974
24 years$41,803$32,249$24,586$18,551$13,876$5,102
25 years$39,704$30,264$22,771$16,942$12,487$4,359
26 years$37,769$28,444$21,119$15,491$11,247$3,727
27 years$35,981$26,769$19,611$14,179$10,141$3,188
28 years$34,323$25,224$18,231$12,991$9,150$2,728
29 years$32,783$23,796$16,966$11,913$8,262$2,335
30 years$31,348$22,473$15,803$10,933$7,465$1,999
31 years$30,008$21,244$14,732$10,041$6,749$1,712
32 years$28,754$20,101$13,746$9,228$6,105$1,467
33 years$27,579$19,036$12,834$8,486$5,525$1,256
34 years$26,475$18,042$11,992$7,808$5,003$1,077
35 years$25,437$17,113$11,211$7,188$4,531$923
36 years$24,459$16,242$10,488$6,620$4,105$791
37 years$23,535$15,427$9,817$6,099$3,721$678
38 years$22,663$14,661$9,193$5,622$3,373$581
39 years$21,837$13,941$8,613$5,183$3,059$498
40 years$21,054$13,264$8,073$4,781$2,775$427
41 years$20,312$12,626$7,570$4,411$2,517$366
42 years$19,606$12,024$7,101$4,071$2,284$314
43 years$18,936$11,457$6,663$3,758$2,073$269
44 years$18,297$10,921$6,254$3,470$1,882$231
45 years$17,689$10,414$5,873$3,204$1,708$198
46 years$17,109$9,934$5,516$2,960$1,551$170
47 years$16,555$9,481$5,182$2,735$1,408$146
48 years$16,026$9,050$4,869$2,527$1,279$125
49 years$15,520$8,643$4,577$2,335$1,162$107
50 years$15,036$8,256$4,303$2,159$1,055$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $15,400,000, adding $3,912 every year, while hoping to spend $28,565 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: 28/44/28 Blend
72$15,400,000$15,400,000$15,400,000$15,400,000
73$16,974,835$16,158,635$15,919,935$17,302,606
74$18,675,875$16,920,015$16,422,860$18,326,486
75$20,549,464$17,717,746$16,941,676$19,422,993
76$22,613,172$18,553,578$17,476,884$20,600,494
77$24,886,359$19,429,346$18,029,003$21,865,962
78$27,390,360$20,346,977$18,598,567$23,227,021
79$30,148,686$21,308,488$19,186,128$24,692,018
80$33,187,243$22,315,995$19,792,255$26,270,087
81$36,534,580$23,371,716$20,417,533$27,971,232
82$40,222,155$24,477,979$21,062,569$29,806,408
83$44,284,636$25,637,221$21,727,986$31,787,618
84$48,760,225$26,852,001$22,414,429$33,928,018
85$53,691,018$28,124,999$23,122,563$36,242,026
86$59,123,405$29,459,027$23,853,072$38,745,452
87$65,108,507$30,857,034$24,606,665$41,455,637
88$71,702,657$32,322,111$25,384,070$44,391,599
89$78,967,932$33,857,498$26,186,040$47,574,207
90$86,972,740$35,466,594$27,013,351$51,026,364
91$95,792,466$37,152,964$27,866,805$54,773,206
92$105,510,182$38,920,344$28,747,228$58,842,329
93$116,217,433$40,772,653$29,655,472$63,264,037
94$128,015,097$42,713,999$30,592,416$68,071,608
95$141,014,342$44,748,690$31,558,968$73,301,594
96$155,337,675$46,881,246$32,556,063$78,994,152
97$171,120,093$49,116,402$33,584,666$85,193,403
98$188,510,363$51,459,127$34,645,774$91,947,833
99$207,672,427$53,914,630$35,740,413$99,310,728
100$228,786,942$56,488,375$36,869,644$107,340,661