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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.6%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,233,735
2 years$650,004$637,898$626,165$614,790$603,756$569,591
3 years$429,031$416,873$405,171$393,902$383,048$349,941
4 years$318,567$306,446$294,860$283,784$273,193$241,398
5 years$252,305$240,257$228,824$217,973$207,677$177,281
6 years$208,146$196,188$184,924$174,315$164,328$135,361
7 years$176,615$164,759$153,672$143,314$133,642$106,106
8 years$152,978$141,229$130,326$120,223$110,869$84,749
9 years$134,604$122,965$112,250$102,403$93,368$68,640
10 years$119,912$108,387$97,862$88,272$79,554$56,187
11 years$107,900$96,491$86,156$76,823$68,419$46,376
12 years$97,897$86,605$76,461$67,384$59,291$38,531
13 years$89,440$78,266$68,313$59,490$51,703$32,184
14 years$82,197$71,141$61,380$52,809$45,322$26,998
15 years$75,925$64,989$55,418$47,096$39,905$22,728
16 years$70,443$59,626$50,244$42,170$35,268$19,189
17 years$65,611$54,913$45,720$37,889$31,271$16,240
18 years$61,320$50,742$41,737$34,146$27,805$13,773
19 years$57,486$47,028$38,208$30,854$24,783$11,700
20 years$54,039$43,700$35,065$27,944$22,137$9,953
21 years$50,925$40,705$32,253$25,361$19,810$8,478
22 years$48,097$37,997$29,726$23,059$17,757$7,228
23 years$45,519$35,538$27,447$21,000$15,940$6,168
24 years$43,160$33,296$25,384$19,153$14,327$5,267
25 years$40,993$31,247$23,511$17,492$12,892$4,501
26 years$38,995$29,367$21,805$15,994$11,613$3,848
27 years$37,149$27,638$20,248$14,639$10,470$3,291
28 years$35,438$26,043$18,823$13,413$9,447$2,816
29 years$33,847$24,569$17,516$12,300$8,530$2,411
30 years$32,366$23,203$16,316$11,288$7,708$2,064
31 years$30,982$21,934$15,211$10,367$6,969$1,768
32 years$29,688$20,754$14,192$9,528$6,304$1,514
33 years$28,475$19,654$13,251$8,762$5,705$1,297
34 years$27,335$18,628$12,381$8,061$5,165$1,112
35 years$26,263$17,668$11,575$7,421$4,678$953
36 years$25,253$16,770$10,829$6,835$4,239$816
37 years$24,300$15,927$10,135$6,297$3,842$700
38 years$23,399$15,137$9,491$5,804$3,483$600
39 years$22,546$14,394$8,892$5,352$3,158$514
40 years$21,738$13,694$8,335$4,936$2,865$441
41 years$20,971$13,036$7,815$4,554$2,599$378
42 years$20,243$12,415$7,331$4,203$2,358$324
43 years$19,551$11,829$6,879$3,880$2,140$278
44 years$18,891$11,275$6,457$3,582$1,943$238
45 years$18,263$10,752$6,063$3,309$1,764$204
46 years$17,664$10,257$5,695$3,056$1,601$175
47 years$17,093$9,788$5,350$2,823$1,454$150
48 years$16,546$9,344$5,028$2,609$1,320$129
49 years$16,024$8,923$4,726$2,411$1,199$110
50 years$15,524$8,524$4,443$2,229$1,089$95

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 $4,196 every year, while hoping to spend $49,972 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: 44/26/30 Blend
72$15,900,000$15,900,000$15,900,000$15,900,000
73$17,526,128$16,683,428$16,436,978$18,144,299
74$19,260,623$17,447,746$16,934,447$19,351,913
75$21,170,362$18,247,841$17,446,906$20,655,126
76$23,273,167$19,085,413$17,974,806$22,066,966
77$25,588,676$19,962,244$18,518,607$23,597,583
78$28,138,528$20,880,202$19,078,788$25,258,127
79$30,946,570$21,841,243$19,655,839$27,060,848
80$34,039,075$22,847,420$20,250,265$29,019,201
81$37,444,999$23,900,881$20,862,587$31,147,973
82$41,196,247$25,003,882$21,493,341$33,463,417
83$45,327,975$26,158,783$22,143,079$35,983,393
84$49,878,925$27,368,060$22,812,369$38,727,539
85$54,891,788$28,634,308$23,501,796$41,717,444
86$60,413,607$29,960,246$24,211,964$44,976,847
87$66,496,223$31,348,725$24,943,492$48,531,854
88$73,196,758$32,802,733$25,697,019$52,411,176
89$80,578,162$34,325,402$26,473,204$56,646,396
90$88,709,803$35,920,015$27,272,725$61,272,252
91$97,668,120$37,590,013$28,096,278$66,326,965
92$107,537,347$39,339,003$28,944,583$71,852,585
93$118,410,309$41,170,767$29,818,379$77,895,380
94$130,389,294$43,089,268$30,718,428$84,506,267
95$143,587,021$45,098,661$31,645,514$91,741,277
96$158,127,704$47,203,302$32,600,446$99,662,077
97$174,148,223$49,407,757$33,584,054$108,336,541
98$191,799,417$51,716,812$34,597,195$117,839,379
99$211,247,507$54,135,485$35,640,750$128,252,831
100$232,675,665$56,669,037$36,715,628$139,667,429