Can I retire at age 73 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,260,965
2 years$654,092$641,910$630,104$618,657$607,554$592,559
3 years$431,730$419,495$407,719$396,379$385,457$370,830
4 years$320,570$308,373$296,715$285,569$274,911$260,765
5 years$253,892$241,768$230,263$219,344$208,983$195,359
6 years$209,455$197,422$186,087$175,411$165,361$152,276
7 years$177,726$165,795$154,639$144,215$134,483$121,942
8 years$153,940$142,117$131,146$120,979$111,567$99,568
9 years$135,450$123,738$112,956$103,047$93,955$82,495
10 years$120,667$109,069$98,478$88,828$80,054$69,125
11 years$108,579$97,098$86,698$77,307$68,850$58,441
12 years$98,513$87,150$76,942$67,808$59,664$49,764
13 years$90,002$78,758$68,743$59,865$52,028$42,626
14 years$82,714$71,589$61,766$53,141$45,607$36,690
15 years$76,403$65,398$55,766$47,392$40,156$31,708
16 years$70,886$60,001$50,560$42,435$35,490$27,497
17 years$66,023$55,259$46,008$38,127$31,468$23,915
18 years$61,706$51,062$41,999$34,360$27,980$20,850
19 years$57,847$47,323$38,448$31,048$24,939$18,217
20 years$54,379$43,975$35,286$28,120$22,276$15,946
21 years$51,245$40,961$32,456$25,520$19,935$13,980
22 years$48,400$38,236$29,913$23,204$17,869$12,273
23 years$45,806$35,761$27,620$21,132$16,040$10,787
24 years$43,431$33,506$25,544$19,274$14,417$9,491
25 years$41,250$31,444$23,659$17,602$12,973$8,358
26 years$39,241$29,552$21,942$16,094$11,686$7,366
27 years$37,383$27,812$20,375$14,731$10,536$6,497
28 years$35,661$26,207$18,941$13,497$9,506$5,733
29 years$34,060$24,723$17,627$12,377$8,584$5,062
30 years$32,569$23,348$16,418$11,359$7,756$4,472
31 years$31,177$22,072$15,306$10,433$7,012$3,952
32 years$29,875$20,885$14,281$9,588$6,343$3,494
33 years$28,654$19,778$13,334$8,817$5,741$3,090
34 years$27,507$18,745$12,459$8,112$5,197$2,733
35 years$26,428$17,779$11,648$7,468$4,708$2,419
36 years$25,412$16,875$10,897$6,878$4,265$2,140
37 years$24,452$16,028$10,199$6,337$3,866$1,895
38 years$23,546$15,232$9,551$5,841$3,505$1,677
39 years$22,688$14,484$8,948$5,385$3,178$1,485
40 years$21,875$13,780$8,387$4,967$2,883$1,315
41 years$21,103$13,118$7,864$4,583$2,615$1,165
42 years$20,370$12,493$7,377$4,230$2,373$1,032
43 years$19,674$11,903$6,922$3,904$2,154$914
44 years$19,010$11,346$6,498$3,605$1,955$810
45 years$18,378$10,820$6,101$3,329$1,775$718
46 years$17,776$10,322$5,731$3,075$1,611$636
47 years$17,200$9,850$5,384$2,841$1,463$564
48 years$16,650$9,403$5,059$2,625$1,329$499
49 years$16,125$8,979$4,755$2,426$1,207$443
50 years$15,622$8,577$4,471$2,243$1,096$392

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $16,000,000, adding $3,211 every year, while hoping to spend $45,035 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: 51/31/18 Blend
72$16,000,000$16,000,000$16,000,000$16,000,000
73$17,635,312$16,787,312$16,539,312$18,447,030
74$19,386,197$17,561,974$17,045,462$19,780,885
75$21,314,163$18,373,084$17,567,059$21,225,349
76$23,437,224$19,222,382$18,104,572$22,794,843
77$25,775,232$20,111,689$18,658,486$24,501,206
78$28,350,060$21,042,916$19,229,300$26,357,446
79$31,185,812$22,018,065$19,817,527$28,377,857
80$34,309,047$23,039,233$20,423,697$30,578,147
81$37,749,035$24,108,620$21,048,356$32,975,581
82$41,538,026$25,228,532$21,692,065$35,589,140
83$45,711,560$26,401,385$22,355,404$38,439,693
84$50,308,799$27,629,713$23,038,970$41,550,183
85$55,372,898$28,916,171$23,743,377$44,945,842
86$60,951,412$30,263,541$24,469,259$48,654,421
87$67,096,744$31,674,743$25,217,267$52,706,442
88$73,866,642$33,152,835$25,988,075$57,135,480
89$81,324,739$34,701,024$26,782,376$61,978,469
90$89,541,158$36,322,670$27,600,881$67,276,047
91$98,593,173$38,021,298$28,444,328$73,072,925
92$108,565,937$39,800,601$29,313,472$79,418,304
93$119,553,284$41,664,452$30,209,095$86,366,324
94$131,658,620$43,616,911$31,132,001$93,976,573
95$144,995,894$45,662,234$32,083,017$102,314,629
96$159,690,674$47,804,883$33,062,998$111,452,675
97$175,881,336$50,049,535$34,072,821$121,470,166
98$193,720,365$52,401,095$35,113,393$132,454,564
99$213,375,797$54,864,705$36,185,648$144,502,155
100$235,032,807$57,445,753$37,290,545$157,718,943