Can I retire at age 73 with 15,600,000?

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,196,501
2 years$637,739$625,862$614,351$603,190$592,365$545,103
3 years$420,936$409,008$397,526$386,470$375,821$330,249
4 years$312,556$300,664$289,297$278,430$268,038$224,505
5 years$247,545$235,724$224,506$213,861$203,758$162,375
6 years$204,218$192,487$181,434$171,026$161,227$122,021
7 years$173,283$161,650$150,773$140,610$131,121$94,081
8 years$150,092$138,564$127,867$117,954$108,777$73,868
9 years$132,064$120,645$110,132$100,471$91,606$58,778
10 years$117,650$106,342$96,016$86,607$78,053$47,244
11 years$105,864$94,670$84,531$75,374$67,128$38,270
12 years$96,050$84,971$75,019$66,113$58,172$31,191
13 years$87,752$76,789$67,024$58,368$50,727$25,544
14 years$80,646$69,799$60,222$51,813$44,467$21,000
15 years$74,493$63,763$54,372$46,208$39,152$17,319
16 years$69,114$58,501$49,296$41,374$34,603$14,320
17 years$64,373$53,877$44,858$37,174$30,681$11,864
18 years$60,163$49,785$40,949$33,501$27,280$9,846
19 years$56,401$46,140$37,487$30,271$24,316$8,183
20 years$53,019$42,876$34,404$27,417$21,719$6,809
21 years$49,964$39,937$31,645$24,882$19,436$5,671
22 years$47,190$37,280$29,166$22,624$17,422$4,727
23 years$44,661$34,867$26,929$20,604$15,639$3,942
24 years$42,346$32,668$24,905$18,792$14,057$3,290
25 years$40,219$30,657$23,067$17,162$12,649$2,747
26 years$38,260$28,813$21,394$15,692$11,394$2,294
27 years$36,448$27,116$19,866$14,363$10,272$1,917
28 years$34,769$25,552$18,468$13,160$9,269$1,602
29 years$33,209$24,105$17,186$12,068$8,369$1,339
30 years$31,755$22,765$16,008$11,075$7,562$1,119
31 years$30,398$21,520$14,924$10,172$6,837$936
32 years$29,128$20,362$13,924$9,348$6,185$783
33 years$27,937$19,284$13,001$8,596$5,597$655
34 years$26,819$18,277$12,147$7,909$5,068$548
35 years$25,768$17,335$11,357$7,281$4,590$458
36 years$24,776$16,453$10,624$6,706$4,159$383
37 years$23,841$15,627$9,944$6,178$3,769$321
38 years$22,957$14,851$9,312$5,695$3,417$268
39 years$22,120$14,122$8,725$5,251$3,099$224
40 years$21,328$13,436$8,177$4,843$2,811$188
41 years$20,576$12,790$7,668$4,468$2,550$157
42 years$19,861$12,181$7,193$4,124$2,314$131
43 years$19,182$11,606$6,749$3,807$2,100$110
44 years$18,535$11,063$6,335$3,515$1,906$92
45 years$17,919$10,549$5,949$3,246$1,730$77
46 years$17,331$10,063$5,587$2,998$1,571$64
47 years$16,770$9,604$5,249$2,770$1,427$54
48 years$16,234$9,168$4,933$2,560$1,296$45
49 years$15,722$8,755$4,636$2,366$1,177$38
50 years$15,231$8,363$4,359$2,187$1,069$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $15,600,000, adding $6,698 every year, while hoping to spend $48,155 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: 33/37/30 Blend
72$15,600,000$15,600,000$15,600,000$15,600,000
73$17,198,109$16,371,309$16,129,509$17,608,987
74$18,901,080$17,122,267$16,618,611$18,675,001
75$20,776,139$17,908,407$17,122,484$19,818,335
76$22,840,790$18,731,404$17,641,572$21,049,642
77$25,114,318$19,593,010$18,176,332$22,376,757
78$27,617,975$20,495,064$18,727,235$23,808,268
79$30,375,177$21,439,491$19,294,767$25,353,589
80$33,411,730$22,428,310$19,879,426$27,023,042
81$36,756,066$23,463,638$20,481,727$28,827,949
82$40,439,520$24,547,691$21,102,200$30,780,729
83$44,496,618$25,682,795$21,741,390$32,895,010
84$48,965,406$26,871,384$22,399,860$35,185,747
85$53,887,809$28,116,014$23,078,187$37,669,358
86$59,310,028$29,419,361$23,776,968$40,363,868
87$65,282,971$30,784,230$24,496,817$43,289,069
88$71,862,739$32,213,563$25,238,366$46,466,700
89$79,111,152$33,710,441$26,002,264$49,920,642
90$87,096,333$35,278,096$26,789,184$53,677,131
91$95,893,352$36,919,915$27,599,814$57,764,993
92$105,584,932$38,639,449$28,434,866$62,215,913
93$116,262,233$40,440,420$29,295,071$67,064,712
94$128,025,708$42,326,728$30,181,184$72,349,670
95$140,986,058$44,302,465$31,093,981$78,112,872
96$155,265,267$46,371,917$32,034,261$84,400,591
97$170,997,763$48,539,580$33,002,847$91,263,712
98$188,331,679$50,810,164$34,000,587$98,758,199
99$207,430,258$53,188,609$35,028,354$106,945,604
100$228,473,387$55,680,094$36,087,047$115,893,632