Can I retire at age 73 with 16,100,000?

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,254,329
2 years$658,180$645,922$634,042$622,523$611,351$581,785
3 years$434,428$422,117$410,267$398,857$387,866$359,166
4 years$322,574$310,301$298,569$287,354$276,629$249,016
5 years$255,479$243,280$231,702$220,715$210,289$183,840
6 years$210,764$198,656$187,250$176,508$166,395$141,137
7 years$178,837$166,831$155,605$145,117$135,323$111,261
8 years$154,902$143,005$131,966$121,735$112,264$89,388
9 years$136,297$124,512$113,662$103,691$94,542$72,835
10 years$121,421$109,751$99,093$89,383$80,555$59,993
11 years$109,257$97,705$87,240$77,790$69,280$49,835
12 years$99,129$87,694$77,423$68,232$60,036$41,677
13 years$90,565$79,250$69,173$60,239$52,353$35,046
14 years$83,231$72,036$62,152$53,473$45,892$29,601
15 years$76,880$65,806$56,115$47,689$40,407$25,094
16 years$71,329$60,376$50,876$42,700$35,712$21,338
17 years$66,436$55,604$46,295$38,366$31,665$18,191
18 years$62,092$51,381$42,262$34,575$28,155$15,541
19 years$58,209$47,619$38,689$31,242$25,095$13,301
20 years$54,719$44,250$35,506$28,295$22,415$11,402
21 years$51,565$41,217$32,659$25,680$20,059$9,786
22 years$48,702$38,475$30,100$23,349$17,980$8,409
23 years$46,092$35,985$27,792$21,264$16,140$7,232
24 years$43,703$33,715$25,703$19,394$14,507$6,225
25 years$41,508$31,640$23,806$17,712$13,054$5,362
26 years$39,486$29,737$22,079$16,195$11,759$4,621
27 years$37,616$27,986$20,502$14,824$10,601$3,985
28 years$35,883$26,371$19,060$13,582$9,566$3,438
29 years$34,273$24,878$17,737$12,455$8,638$2,967
30 years$32,773$23,494$16,521$11,430$7,805$2,561
31 years$31,372$22,210$15,402$10,498$7,056$2,212
32 years$30,061$21,015$14,370$9,648$6,383$1,910
33 years$28,833$19,902$13,418$8,872$5,777$1,650
34 years$27,679$18,862$12,537$8,163$5,230$1,426
35 years$26,593$17,891$11,721$7,514$4,737$1,232
36 years$25,571$16,981$10,965$6,921$4,292$1,065
37 years$24,605$16,128$10,263$6,376$3,890$921
38 years$23,693$15,327$9,611$5,877$3,527$796
39 years$22,829$14,575$9,004$5,419$3,198$688
40 years$22,011$13,867$8,440$4,998$2,901$595
41 years$21,235$13,200$7,914$4,612$2,632$515
42 years$20,498$12,571$7,423$4,256$2,388$445
43 years$19,797$11,978$6,966$3,929$2,167$385
44 years$19,129$11,417$6,539$3,628$1,967$333
45 years$18,493$10,887$6,139$3,350$1,786$288
46 years$17,887$10,386$5,766$3,095$1,621$249
47 years$17,308$9,911$5,417$2,859$1,472$215
48 years$16,754$9,462$5,091$2,642$1,337$186
49 years$16,225$9,035$4,785$2,442$1,214$161
50 years$15,719$8,631$4,499$2,257$1,103$139

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $16,100,000, adding $3,291 every year, while hoping to spend $26,550 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: 25/47/28 Blend
72$16,100,000$16,100,000$16,100,000$16,100,000
73$17,745,595$16,892,295$16,642,745$18,033,200
74$19,527,396$17,691,768$17,172,028$19,073,247
75$21,490,052$18,529,526$17,718,152$20,185,088
76$23,651,981$19,407,416$18,281,653$21,376,644
77$26,033,479$20,327,376$18,863,085$22,654,625
78$28,656,914$21,291,437$19,463,018$24,026,357
79$31,546,931$22,301,730$20,082,042$25,499,853
80$34,730,692$23,360,488$20,720,764$27,083,872
81$38,238,124$24,470,054$21,379,811$28,787,996
82$42,102,209$25,632,882$22,059,830$30,622,709
83$46,359,290$26,851,549$22,761,490$32,599,486
84$51,049,416$28,128,754$23,485,479$34,730,893
85$56,216,723$29,467,329$24,232,509$37,030,689
86$61,909,842$30,870,242$25,003,312$39,513,949
87$68,182,369$32,340,607$25,798,646$42,197,193
88$75,093,362$33,881,688$26,619,292$45,098,526
89$82,707,903$35,496,909$27,466,056$48,237,801
90$91,097,710$37,189,858$28,339,770$51,636,784
91$100,341,816$38,964,301$29,241,291$55,319,356
92$110,527,312$40,824,183$30,171,506$59,311,711
93$121,750,175$42,773,644$31,131,328$63,642,596
94$134,116,165$44,817,025$32,121,700$68,343,561
95$147,741,832$46,958,877$33,143,595$73,449,241
96$162,755,610$49,203,973$34,198,016$78,997,664
97$179,299,032$51,557,318$35,286,000$85,030,589
98$197,528,068$54,024,162$36,408,616$91,593,884
99$217,614,592$56,610,007$37,566,966$98,737,933
100$239,748,010$59,320,627$38,762,188$106,518,091