Can I retire at age 73 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,243,008
2 years$641,827$629,874$618,289$607,057$596,162$587,156
3 years$423,635$411,630$400,074$388,947$378,230$369,427
4 years$314,560$302,591$291,151$280,215$269,757$261,226
5 years$249,132$237,235$225,945$215,232$205,065$196,832
6 years$205,527$193,720$182,598$172,122$162,261$154,335
7 years$174,394$162,686$151,739$141,511$131,961$124,347
8 years$151,054$139,452$128,687$118,710$109,475$102,172
9 years$132,910$121,418$110,838$101,115$92,194$85,200
10 years$118,404$107,024$96,631$87,162$78,553$71,866
11 years$106,543$95,277$85,073$75,857$67,559$61,172
12 years$96,666$85,516$75,500$66,537$58,545$52,454
13 years$88,315$77,281$67,454$58,742$51,052$45,250
14 years$81,163$70,247$60,608$52,145$44,752$39,232
15 years$74,970$64,171$54,721$46,504$39,403$34,157
16 years$69,557$58,876$49,612$41,639$34,825$29,845
17 years$64,785$54,223$45,145$37,412$30,878$26,157
18 years$60,549$50,104$41,212$33,716$27,455$22,984
19 years$56,763$46,436$37,727$30,465$24,472$20,242
20 years$53,359$43,151$34,624$27,592$21,858$17,861
21 years$50,284$40,193$31,848$25,042$19,561$15,787
22 years$47,492$37,519$29,353$22,769$17,533$13,974
23 years$44,947$35,091$27,102$20,736$15,739$12,386
24 years$42,617$32,878$25,065$18,912$14,147$10,991
25 years$40,477$30,854$23,215$17,272$12,730$9,762
26 years$38,505$28,998$21,531$15,792$11,467$8,679
27 years$36,682$27,290$19,993$14,455$10,338$7,721
28 years$34,992$25,716$18,586$13,244$9,328$6,874
29 years$33,421$24,260$17,296$12,145$8,423$6,124
30 years$31,958$22,911$16,111$11,146$7,611$5,458
31 years$30,592$21,658$15,019$10,237$6,881$4,868
32 years$29,314$20,493$14,013$9,408$6,224$4,342
33 years$28,116$19,407$13,084$8,651$5,633$3,875
34 years$26,991$18,394$12,225$7,960$5,100$3,460
35 years$25,933$17,446$11,430$7,328$4,619$3,090
36 years$24,935$16,559$10,692$6,749$4,185$2,760
37 years$23,994$15,727$10,008$6,218$3,793$2,466
38 years$23,104$14,946$9,372$5,731$3,439$2,204
39 years$22,262$14,213$8,780$5,284$3,119$1,970
40 years$21,464$13,522$8,230$4,874$2,829$1,761
41 years$20,707$12,872$7,717$4,497$2,566$1,575
42 years$19,988$12,259$7,239$4,150$2,329$1,408
43 years$19,305$11,680$6,793$3,831$2,113$1,259
44 years$18,654$11,133$6,376$3,537$1,918$1,126
45 years$18,034$10,617$5,987$3,267$1,741$1,008
46 years$17,442$10,128$5,623$3,018$1,581$901
47 years$16,878$9,665$5,283$2,788$1,436$806
48 years$16,338$9,227$4,964$2,576$1,304$722
49 years$15,822$8,811$4,666$2,381$1,184$646
50 years$15,329$8,417$4,387$2,201$1,076$578

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $15,700,000, adding $6,005 every year, while hoping to spend $45,737 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: 41/37/22 Blend
72$15,700,000$15,700,000$15,700,000$15,700,000
73$17,307,594$16,475,494$16,232,144$17,904,836
74$19,024,305$17,234,130$16,727,257$19,091,197
75$20,914,587$18,028,405$17,237,424$20,369,646
76$22,996,097$18,860,019$17,763,099$21,752,517
77$25,288,290$19,730,751$18,304,754$23,249,399
78$27,812,605$20,642,467$18,862,872$24,870,812
79$30,592,664$21,597,121$19,437,952$26,628,300
80$33,654,499$22,596,763$20,030,506$28,534,539
81$37,026,794$23,643,541$20,641,065$30,603,443
82$40,741,160$24,739,707$21,270,173$32,850,291
83$44,832,426$25,887,620$21,918,392$35,291,864
84$49,338,974$27,089,755$22,586,299$37,946,596
85$54,303,100$28,348,704$23,274,491$40,834,738
86$59,771,411$29,667,185$23,983,581$43,978,544
87$65,795,266$31,048,048$24,714,202$47,402,467
88$72,431,260$32,494,279$25,467,004$51,133,386
89$79,741,758$34,009,009$26,242,659$55,200,848
90$87,795,487$35,595,519$27,041,857$59,637,334
91$96,668,178$37,257,251$27,865,311$64,478,559
92$106,443,287$38,997,811$28,713,753$69,763,797
93$117,212,777$40,820,979$29,587,939$75,536,239
94$129,077,993$42,730,719$30,488,647$81,843,388
95$142,150,610$44,731,186$31,416,679$88,737,497
96$156,553,693$46,826,735$32,372,859$96,276,049
97$172,422,859$49,021,934$33,358,038$104,522,282
98$189,907,551$51,321,569$34,373,093$113,545,777
99$209,172,454$53,730,660$35,418,925$123,423,094
100$230,399,050$56,254,467$36,496,464$134,238,484