Can I retire at age 73 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,227,302
2 years$650,004$637,898$626,165$614,790$603,756$563,241
3 years$429,031$416,873$405,171$393,902$383,048$343,875
4 years$318,567$306,446$294,860$283,784$273,193$235,662
5 years$252,305$240,257$228,824$217,973$207,677$171,888
6 years$208,146$196,188$184,924$174,315$164,328$130,312
7 years$176,615$164,759$153,672$143,314$133,642$101,396
8 years$152,978$141,229$130,326$120,223$110,869$80,370
9 years$134,604$122,965$112,250$102,403$93,368$64,581
10 years$119,912$108,387$97,862$88,272$79,554$52,436
11 years$107,900$96,491$86,156$76,823$68,419$42,919
12 years$97,897$86,605$76,461$67,384$59,291$35,355
13 years$89,440$78,266$68,313$59,490$51,703$29,272
14 years$82,197$71,141$61,380$52,809$45,322$24,335
15 years$75,925$64,989$55,418$47,096$39,905$20,299
16 years$70,443$59,626$50,244$42,170$35,268$16,979
17 years$65,611$54,913$45,720$37,889$31,271$14,234
18 years$61,320$50,742$41,737$34,146$27,805$11,956
19 years$57,486$47,028$38,208$30,854$24,783$10,057
20 years$54,039$43,700$35,065$27,944$22,137$8,472
21 years$50,925$40,705$32,253$25,361$19,810$7,144
22 years$48,097$37,997$29,726$23,059$17,757$6,029
23 years$45,519$35,538$27,447$21,000$15,940$5,093
24 years$43,160$33,296$25,384$19,153$14,327$4,304
25 years$40,993$31,247$23,511$17,492$12,892$3,640
26 years$38,995$29,367$21,805$15,994$11,613$3,080
27 years$37,149$27,638$20,248$14,639$10,470$2,606
28 years$35,438$26,043$18,823$13,413$9,447$2,207
29 years$33,847$24,569$17,516$12,300$8,530$1,869
30 years$32,366$23,203$16,316$11,288$7,708$1,583
31 years$30,982$21,934$15,211$10,367$6,969$1,341
32 years$29,688$20,754$14,192$9,528$6,304$1,137
33 years$28,475$19,654$13,251$8,762$5,705$963
34 years$27,335$18,628$12,381$8,061$5,165$816
35 years$26,263$17,668$11,575$7,421$4,678$692
36 years$25,253$16,770$10,829$6,835$4,239$587
37 years$24,300$15,927$10,135$6,297$3,842$497
38 years$23,399$15,137$9,491$5,804$3,483$422
39 years$22,546$14,394$8,892$5,352$3,158$358
40 years$21,738$13,694$8,335$4,936$2,865$303
41 years$20,971$13,036$7,815$4,554$2,599$257
42 years$20,243$12,415$7,331$4,203$2,358$218
43 years$19,551$11,829$6,879$3,880$2,140$185
44 years$18,891$11,275$6,457$3,582$1,943$157
45 years$18,263$10,752$6,063$3,309$1,764$133
46 years$17,664$10,257$5,695$3,056$1,601$113
47 years$17,093$9,788$5,350$2,823$1,454$96
48 years$16,546$9,344$5,028$2,609$1,320$81
49 years$16,024$8,923$4,726$2,411$1,199$69
50 years$15,524$8,524$4,443$2,229$1,089$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $15,900,000, adding $6,106 every year, while hoping to spend $28,201 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: 54/24/22 Blend
72$15,900,000$15,900,000$15,900,000$15,900,000
73$17,528,098$16,685,398$16,438,948$18,368,593
74$19,285,959$17,472,977$16,959,647$19,734,027
75$21,222,176$18,298,202$17,496,845$21,216,202
76$23,354,912$19,162,888$18,051,063$22,829,129
77$25,704,181$20,068,939$18,622,843$24,585,320
78$28,292,039$21,018,348$19,212,739$26,498,527
79$31,142,788$22,013,208$19,821,327$28,583,871
80$34,283,210$23,055,713$20,449,199$30,857,975
81$37,742,817$24,148,162$21,096,966$33,339,120
82$41,554,129$25,292,966$21,765,259$36,047,409
83$45,752,983$26,492,655$22,454,729$39,004,951
84$50,378,871$27,749,879$23,166,046$42,236,068
85$55,475,311$29,067,418$23,899,903$45,767,514
86$61,090,258$30,448,187$24,657,015$49,628,723
87$67,276,559$31,895,242$25,438,120$53,852,078
88$74,092,447$33,411,788$26,243,976$58,473,216
89$81,602,097$35,001,186$27,075,370$63,531,347
90$89,876,227$36,666,960$27,933,110$69,069,628
91$98,992,765$38,412,804$28,818,032$75,135,551
92$109,037,588$40,242,593$29,730,998$81,781,392
93$120,105,332$42,160,390$30,672,896$89,064,691
94$132,300,282$44,170,455$31,644,645$97,048,789
95$145,737,359$46,277,256$32,647,189$105,803,412
96$160,543,206$48,485,477$33,681,505$115,405,324
97$176,857,378$50,800,031$34,748,601$125,939,038
98$194,833,668$53,226,069$35,849,516$137,497,606
99$214,641,549$55,768,994$36,985,322$150,183,482
100$236,467,781$58,434,469$38,157,125$164,109,482