Can I retire at age 73 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,253,551
2 years$645,915$633,886$622,227$610,924$599,959$593,537
3 years$426,333$414,251$402,622$391,425$380,639$374,357
4 years$316,563$304,519$293,006$281,999$271,475$265,381
5 years$250,719$238,746$227,385$216,603$206,371$200,484
6 years$206,836$194,954$183,761$173,219$163,294$157,622
7 years$175,504$163,722$152,706$142,413$132,802$127,346
8 years$152,016$140,340$129,507$119,467$110,172$104,934
9 years$133,757$122,191$111,544$101,759$92,781$87,759
10 years$119,158$107,706$97,247$87,717$79,054$74,245
11 years$107,222$95,884$85,614$76,340$67,989$63,391
12 years$97,282$86,060$75,981$66,961$58,918$54,527
13 years$88,877$77,773$67,884$59,116$51,377$47,189
14 years$81,680$70,694$60,994$52,477$45,037$41,046
15 years$75,448$64,580$55,069$46,800$39,654$35,856
16 years$70,000$59,251$49,928$41,904$35,047$31,436
17 years$65,198$54,568$45,433$37,651$31,075$27,647
18 years$60,935$50,423$41,474$33,931$27,630$24,379
19 years$57,124$46,732$37,968$30,659$24,627$21,546
20 years$53,699$43,425$34,845$27,768$21,998$19,081
21 years$50,604$40,449$32,051$25,201$19,685$16,928
22 years$47,795$37,758$29,540$22,914$17,645$15,040
23 years$45,233$35,314$27,275$20,868$15,839$13,381
24 years$42,889$33,087$25,224$19,033$14,237$11,919
25 years$40,735$31,051$23,363$17,382$12,811$10,627
26 years$38,750$29,182$21,668$15,893$11,540$9,485
27 years$36,915$27,464$20,120$14,547$10,404$8,472
28 years$35,215$25,879$18,705$13,328$9,388$7,573
29 years$33,634$24,414$17,406$12,222$8,477$6,773
30 years$32,162$23,057$16,213$11,217$7,659$6,061
31 years$30,787$21,796$15,115$10,302$6,925$5,427
32 years$29,501$20,624$14,103$9,468$6,264$4,862
33 years$28,295$19,531$13,168$8,707$5,669$4,357
34 years$27,163$18,511$12,303$8,011$5,133$3,906
35 years$26,098$17,557$11,503$7,374$4,649$3,503
36 years$25,094$16,664$10,760$6,792$4,212$3,142
37 years$24,147$15,827$10,072$6,258$3,817$2,819
38 years$23,251$15,042$9,432$5,768$3,461$2,530
39 years$22,404$14,303$8,836$5,318$3,138$2,271
40 years$21,601$13,608$8,282$4,905$2,847$2,039
41 years$20,839$12,954$7,766$4,526$2,583$1,831
42 years$20,116$12,337$7,285$4,177$2,343$1,644
43 years$19,428$11,754$6,836$3,856$2,127$1,477
44 years$18,773$11,204$6,417$3,560$1,930$1,327
45 years$18,149$10,684$6,025$3,288$1,753$1,192
46 years$17,553$10,192$5,659$3,037$1,591$1,071
47 years$16,985$9,727$5,316$2,806$1,445$963
48 years$16,442$9,285$4,996$2,593$1,312$865
49 years$15,923$8,867$4,696$2,396$1,192$777
50 years$15,426$8,470$4,415$2,215$1,082$699

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $15,800,000, adding $4,153 every year, while hoping to spend $29,123 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: 42/37/21 Blend
72$15,800,000$15,800,000$15,800,000$15,800,000
73$17,415,884$16,578,484$16,333,584$18,040,043
74$19,161,317$17,359,843$16,849,772$19,265,597
75$21,083,809$18,178,512$17,382,277$20,588,792
76$23,201,388$19,036,290$17,931,614$22,021,115
77$25,533,921$19,935,060$18,498,315$23,572,609
78$28,103,302$20,876,799$19,082,929$25,254,293
79$30,933,655$21,863,578$19,686,023$27,078,260
80$34,051,563$22,897,569$20,308,180$29,057,783
81$37,486,323$23,981,050$20,950,004$31,207,437
82$41,270,215$25,116,408$21,612,117$33,543,224
83$45,438,813$26,306,149$22,295,159$36,082,722
84$50,031,318$27,552,896$22,999,793$38,845,235
85$55,090,928$28,859,403$23,726,701$41,851,974
86$60,665,245$30,228,556$24,476,588$45,126,245
87$66,806,726$31,663,382$25,250,180$48,693,660
88$73,573,177$33,167,052$26,048,226$52,582,367
89$81,028,299$34,742,896$26,871,500$56,823,310
90$89,242,290$36,394,403$27,720,799$61,450,506
91$98,292,505$38,125,229$28,596,947$66,501,357
92$108,264,187$39,939,213$29,500,792$72,016,990
93$119,251,276$41,840,375$30,433,210$78,042,636
94$131,357,288$43,832,936$31,395,104$84,628,039
95$144,696,298$45,921,316$32,387,407$91,827,918
96$159,394,015$48,110,156$33,411,080$99,702,464
97$175,588,969$50,404,317$34,467,115$108,317,896
98$193,433,815$52,808,900$35,556,535$117,747,074
99$213,096,781$55,329,253$36,680,396$128,070,163
100$234,763,250$57,970,984$37,839,787$139,375,379