Can I retire at age 73 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,224,613
2 years$633,651$621,850$610,413$599,324$588,568$577,103
3 years$418,238$406,386$394,978$383,993$373,411$362,217
4 years$310,552$298,737$287,443$276,645$266,320$255,482
5 years$245,958$234,213$223,067$212,490$202,452$192,002
6 years$202,909$191,253$180,271$169,930$160,194$150,144
7 years$172,172$160,614$149,806$139,709$130,280$120,636
8 years$149,130$137,676$127,048$117,198$108,080$98,840
9 years$131,217$119,871$109,426$99,827$91,019$82,181
10 years$116,896$105,661$95,400$86,052$77,553$69,112
11 years$105,186$94,064$83,989$74,891$66,698$58,647
12 years$95,434$84,426$74,538$65,689$57,799$50,130
13 years$87,190$76,297$66,595$57,994$50,402$43,107
14 years$80,129$69,352$59,836$51,480$44,182$37,251
15 years$74,015$63,354$54,024$45,911$38,901$32,324
16 years$68,671$58,126$48,980$41,109$34,381$28,147
17 years$63,960$53,532$44,570$36,936$30,485$24,583
18 years$59,778$49,466$40,687$33,287$27,106$21,525
19 years$56,040$45,845$37,247$30,077$24,160$18,888
20 years$52,680$42,601$34,183$27,241$21,580$16,606
21 years$49,644$39,681$31,442$24,723$19,312$14,624
22 years$46,887$37,041$28,979$22,479$17,310$12,897
23 years$44,374$34,644$26,757$20,472$15,539$11,387
24 years$42,074$32,459$24,745$18,671$13,966$10,066
25 years$39,961$30,461$22,919$17,052$12,568$8,906
26 years$38,014$28,628$21,256$15,591$11,320$7,887
27 years$36,214$26,943$19,738$14,271$10,206$6,989
28 years$34,546$25,388$18,349$13,075$9,209$6,197
29 years$32,996$23,951$17,076$11,990$8,316$5,499
30 years$31,551$22,619$15,905$11,004$7,514$4,881
31 years$30,203$21,382$14,828$10,106$6,793$4,335
32 years$28,941$20,232$13,835$9,288$6,145$3,852
33 years$27,758$19,160$12,918$8,541$5,561$3,423
34 years$26,647$18,159$12,070$7,859$5,035$3,043
35 years$25,602$17,224$11,284$7,234$4,560$2,706
36 years$24,618$16,348$10,556$6,663$4,132$2,407
37 years$23,688$15,527$9,880$6,139$3,745$2,142
38 years$22,810$14,756$9,252$5,658$3,395$1,906
39 years$21,979$14,031$8,669$5,217$3,079$1,696
40 years$21,191$13,350$8,125$4,812$2,793$1,510
41 years$20,444$12,708$7,619$4,440$2,534$1,344
42 years$19,734$12,102$7,147$4,097$2,299$1,197
43 years$19,059$11,531$6,706$3,782$2,086$1,066
44 years$18,416$10,992$6,295$3,492$1,894$949
45 years$17,804$10,482$5,911$3,225$1,719$846
46 years$17,220$9,999$5,551$2,979$1,561$753
47 years$16,663$9,542$5,216$2,752$1,417$671
48 years$16,130$9,109$4,901$2,543$1,287$598
49 years$15,621$8,699$4,607$2,351$1,169$532
50 years$15,133$8,309$4,331$2,173$1,062$474

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $15,500,000, adding $2,602 every year, while hoping to spend $32,444 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: 62/9/29 Blend
72$15,500,000$15,500,000$15,500,000$15,500,000
73$17,083,684$16,262,184$16,021,934$18,009,375
74$18,791,700$17,024,511$16,524,149$19,401,731
75$20,672,845$17,823,104$17,042,100$20,917,722
76$22,744,746$18,659,707$17,576,281$22,572,500
77$25,026,824$19,536,147$18,127,200$24,379,660
78$27,540,481$20,454,338$18,695,382$26,354,162
79$30,309,299$21,416,290$19,281,367$28,512,471
80$33,359,268$22,424,108$19,885,712$30,872,709
81$36,719,023$23,479,999$20,508,993$33,454,823
82$40,420,122$24,586,278$21,151,804$36,280,770
83$44,497,339$25,745,371$21,814,754$39,374,722
84$48,988,996$26,959,822$22,498,476$42,763,291
85$53,937,318$28,232,298$23,203,620$46,475,774
86$59,388,840$29,565,596$23,930,857$50,544,431
87$65,394,840$30,962,648$24,680,878$55,004,780
88$72,011,824$32,426,528$25,454,398$59,895,935
89$79,302,062$33,960,460$26,252,152$65,260,964
90$87,334,172$35,567,823$27,074,900$71,147,298
91$96,183,772$37,252,161$27,923,423$77,607,171
92$105,934,189$39,017,188$28,798,530$84,698,107
93$116,677,248$40,866,802$29,701,052$92,483,463
94$128,514,139$42,805,087$30,631,849$101,033,019
95$141,556,370$44,836,326$31,591,805$110,423,632
96$155,926,824$46,965,010$32,581,835$120,739,958
97$171,760,913$49,195,848$33,602,879$132,075,243
98$189,207,859$51,533,778$34,655,909$144,532,199
99$208,432,105$53,983,977$35,741,926$158,223,969
100$229,614,863$56,551,876$36,861,964$173,275,187