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%18.6%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,216,179
2 years$645,915$633,886$622,227$610,924$599,959$556,349
3 years$426,333$414,251$402,622$391,425$380,639$338,524
4 years$316,563$304,519$293,006$281,999$271,475$231,177
5 years$250,719$238,746$227,385$216,603$206,371$167,996
6 years$206,836$194,954$183,761$173,219$163,294$126,872
7 years$175,504$163,722$152,706$142,413$132,802$98,326
8 years$152,016$140,340$129,507$119,467$110,172$77,615
9 years$133,757$122,191$111,544$101,759$92,781$62,101
10 years$119,158$107,706$97,247$87,717$79,054$50,200
11 years$107,222$95,884$85,614$76,340$67,989$40,904
12 years$97,282$86,060$75,981$66,961$58,918$33,538
13 years$88,877$77,773$67,884$59,116$51,377$27,636
14 years$81,680$70,694$60,994$52,477$45,037$22,863
15 years$75,448$64,580$55,069$46,800$39,654$18,977
16 years$70,000$59,251$49,928$41,904$35,047$15,793
17 years$65,198$54,568$45,433$37,651$31,075$13,172
18 years$60,935$50,423$41,474$33,931$27,630$11,006
19 years$57,124$46,732$37,968$30,659$24,627$9,209
20 years$53,699$43,425$34,845$27,768$21,998$7,716
21 years$50,604$40,449$32,051$25,201$19,685$6,471
22 years$47,795$37,758$29,540$22,914$17,645$5,432
23 years$45,233$35,314$27,275$20,868$15,839$4,563
24 years$42,889$33,087$25,224$19,033$14,237$3,835
25 years$40,735$31,051$23,363$17,382$12,811$3,225
26 years$38,750$29,182$21,668$15,893$11,540$2,713
27 years$36,915$27,464$20,120$14,547$10,404$2,283
28 years$35,215$25,879$18,705$13,328$9,388$1,922
29 years$33,634$24,414$17,406$12,222$8,477$1,619
30 years$32,162$23,057$16,213$11,217$7,659$1,363
31 years$30,787$21,796$15,115$10,302$6,925$1,148
32 years$29,501$20,624$14,103$9,468$6,264$968
33 years$28,295$19,531$13,168$8,707$5,669$815
34 years$27,163$18,511$12,303$8,011$5,133$687
35 years$26,098$17,557$11,503$7,374$4,649$579
36 years$25,094$16,664$10,760$6,792$4,212$488
37 years$24,147$15,827$10,072$6,258$3,817$411
38 years$23,251$15,042$9,432$5,768$3,461$347
39 years$22,404$14,303$8,836$5,318$3,138$292
40 years$21,601$13,608$8,282$4,905$2,847$246
41 years$20,839$12,954$7,766$4,526$2,583$208
42 years$20,116$12,337$7,285$4,177$2,343$175
43 years$19,428$11,754$6,836$3,856$2,127$148
44 years$18,773$11,204$6,417$3,560$1,930$124
45 years$18,149$10,684$6,025$3,288$1,753$105
46 years$17,553$10,192$5,659$3,037$1,591$88
47 years$16,985$9,727$5,316$2,806$1,445$75
48 years$16,442$9,285$4,996$2,593$1,312$63
49 years$15,923$8,867$4,696$2,396$1,192$53
50 years$15,426$8,470$4,415$2,215$1,082$45

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 $3,324 every year, while hoping to spend $59,124 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: 37/35/28 Blend
72$15,800,000$15,800,000$15,800,000$15,800,000
73$17,415,029$16,577,629$16,332,729$17,913,425
74$19,128,454$17,327,025$16,816,968$19,031,590
75$21,014,667$18,111,160$17,315,447$20,232,947
76$23,091,230$18,931,674$17,828,581$21,529,519
77$25,377,494$19,790,285$18,356,797$22,929,950
78$27,894,783$20,688,792$18,900,534$24,443,722
79$30,666,591$21,629,083$19,460,242$26,081,240
80$33,718,810$22,613,135$20,036,387$27,853,919
81$37,079,968$23,643,018$20,629,445$29,774,292
82$40,781,502$24,720,904$21,239,909$31,856,116
83$44,858,053$25,849,066$21,868,284$34,114,496
84$49,347,793$27,029,888$22,515,090$36,566,022
85$54,292,784$28,265,869$23,180,862$39,228,918
86$59,739,377$29,559,626$23,866,149$42,123,202
87$65,738,647$30,913,901$24,571,519$45,270,872
88$72,346,877$32,331,571$25,297,554$48,696,099
89$79,626,088$33,815,647$26,044,851$52,425,453
90$87,644,623$35,369,287$26,814,027$56,488,137
91$96,477,794$36,995,802$27,605,716$60,916,256
92$106,208,591$38,698,658$28,420,570$65,745,113
93$116,928,466$40,481,491$29,259,258$71,013,524
94$128,738,196$42,348,111$30,122,469$76,764,179
95$141,748,834$44,302,510$31,010,914$83,044,029
96$156,082,756$46,348,874$31,925,321$89,904,720
97$171,874,818$48,491,590$32,866,440$97,403,067
98$189,273,626$50,735,255$33,835,043$105,601,573
99$208,442,942$53,084,688$34,831,922$114,569,009
100$229,563,225$55,544,940$35,857,894$124,381,047