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%14.6%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,204,702
2 years$629,563$617,838$606,475$595,457$584,770$561,371
3 years$415,540$403,764$392,429$381,515$371,002$348,249
4 years$308,549$296,809$285,588$274,860$264,602$242,669
5 years$244,371$232,702$221,628$211,119$201,146$180,097
6 years$201,600$190,019$179,108$168,834$159,160$139,018
7 years$171,061$159,577$148,840$138,807$129,440$110,210
8 years$148,168$136,787$126,228$116,442$107,383$89,060
9 years$130,371$119,098$108,720$99,183$90,432$73,004
10 years$116,142$104,979$94,785$85,497$77,052$60,504
11 years$104,507$93,457$83,447$74,408$66,268$50,579
12 years$94,819$83,882$74,057$65,265$57,426$42,576
13 years$86,627$75,805$66,165$57,620$50,077$36,040
14 years$79,612$68,904$59,450$51,148$43,897$30,648
15 years$73,538$62,945$53,675$45,615$38,650$26,163
16 years$68,228$57,751$48,664$40,844$34,159$22,405
17 years$63,548$53,187$44,283$36,698$30,288$19,239
18 years$59,392$49,147$40,424$33,072$26,931$16,557
19 years$55,678$45,549$37,006$29,883$24,004$14,276
20 years$52,340$42,326$33,963$27,065$21,441$12,330
21 years$49,323$39,425$31,239$24,563$19,187$10,664
22 years$46,585$36,802$28,792$22,334$17,198$9,234
23 years$44,088$34,420$26,584$20,340$15,438$8,004
24 years$41,803$32,249$24,586$18,551$13,876$6,944
25 years$39,704$30,264$22,771$16,942$12,487$6,029
26 years$37,769$28,444$21,119$15,491$11,247$5,238
27 years$35,981$26,769$19,611$14,179$10,141$4,554
28 years$34,323$25,224$18,231$12,991$9,150$3,960
29 years$32,783$23,796$16,966$11,913$8,262$3,446
30 years$31,348$22,473$15,803$10,933$7,465$2,999
31 years$30,008$21,244$14,732$10,041$6,749$2,612
32 years$28,754$20,101$13,746$9,228$6,105$2,275
33 years$27,579$19,036$12,834$8,486$5,525$1,982
34 years$26,475$18,042$11,992$7,808$5,003$1,727
35 years$25,437$17,113$11,211$7,188$4,531$1,505
36 years$24,459$16,242$10,488$6,620$4,105$1,312
37 years$23,535$15,427$9,817$6,099$3,721$1,143
38 years$22,663$14,661$9,193$5,622$3,373$997
39 years$21,837$13,941$8,613$5,183$3,059$869
40 years$21,054$13,264$8,073$4,781$2,775$758
41 years$20,312$12,626$7,570$4,411$2,517$661
42 years$19,606$12,024$7,101$4,071$2,284$577
43 years$18,936$11,457$6,663$3,758$2,073$503
44 years$18,297$10,921$6,254$3,470$1,882$439
45 years$17,689$10,414$5,873$3,204$1,708$383
46 years$17,109$9,934$5,516$2,960$1,551$334
47 years$16,555$9,481$5,182$2,735$1,408$291
48 years$16,026$9,050$4,869$2,527$1,279$254
49 years$15,520$8,643$4,577$2,335$1,162$222
50 years$15,036$8,256$4,303$2,159$1,055$193

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 $5,694 every year, while hoping to spend $39,175 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: 53/33/14 Blend
72$15,400,000$15,400,000$15,400,000$15,400,000
73$16,976,673$16,160,473$15,921,773$17,812,948
74$18,666,612$16,910,655$16,413,471$19,134,371
75$20,527,612$17,696,282$16,920,327$20,566,702
76$22,577,079$18,519,050$17,442,809$22,124,231
77$24,834,195$19,380,738$17,981,397$23,818,845
78$27,320,095$20,283,207$18,536,586$25,663,607
79$30,058,071$21,228,410$19,108,889$27,672,868
80$33,073,788$22,218,395$19,698,829$29,862,404
81$36,395,526$23,255,308$20,306,952$32,249,554
82$40,054,450$24,341,399$20,933,815$34,853,380
83$44,084,901$25,479,025$21,579,995$37,694,839
84$48,524,723$26,670,659$22,246,087$40,796,977
85$53,415,616$27,918,893$22,932,703$44,185,133
86$58,803,534$29,226,443$23,640,473$47,887,181
87$64,739,114$30,596,159$24,370,048$51,933,775
88$71,278,158$32,031,025$25,122,100$56,358,639
89$78,482,158$33,534,173$25,897,318$61,198,870
90$86,418,876$35,108,885$26,696,415$66,495,285
91$95,162,982$36,758,601$27,520,126$72,292,794
92$104,796,762$38,486,928$28,369,206$78,640,814
93$115,410,893$40,297,649$29,244,436$85,593,730
94$127,105,299$42,194,729$30,146,619$93,211,391
95$139,990,092$44,182,323$31,076,584$101,559,669
96$154,186,616$46,264,792$32,035,184$110,711,067
97$169,828,588$48,446,704$33,023,300$120,745,395
98$187,063,362$50,732,850$34,041,838$131,750,505
99$206,053,319$53,128,254$35,091,733$143,823,113
100$226,977,400$55,638,181$36,173,949$157,069,693