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

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,245,735
2 years$658,180$645,922$634,042$622,523$611,351$573,279
3 years$434,428$422,117$410,267$398,857$387,866$351,017
4 years$322,574$310,301$298,569$287,354$276,629$241,286
5 years$255,479$243,280$231,702$220,715$210,289$176,548
6 years$210,764$198,656$187,250$176,508$166,395$134,285
7 years$178,837$166,831$155,605$145,117$135,323$104,845
8 years$154,902$143,005$131,966$121,735$112,264$83,398
9 years$136,297$124,512$113,662$103,691$94,542$67,260
10 years$121,421$109,751$99,093$89,383$80,555$54,817
11 years$109,257$97,705$87,240$77,790$69,280$45,042
12 years$99,129$87,694$77,423$68,232$60,036$37,251
13 years$90,565$79,250$69,173$60,239$52,353$30,968
14 years$83,231$72,036$62,152$53,473$45,892$25,852
15 years$76,880$65,806$56,115$47,689$40,407$21,656
16 years$71,329$60,376$50,876$42,700$35,712$18,193
17 years$66,436$55,604$46,295$38,366$31,665$15,319
18 years$62,092$51,381$42,262$34,575$28,155$12,924
19 years$58,209$47,619$38,689$31,242$25,095$10,921
20 years$54,719$44,250$35,506$28,295$22,415$9,242
21 years$51,565$41,217$32,659$25,680$20,059$7,829
22 years$48,702$38,475$30,100$23,349$17,980$6,639
23 years$46,092$35,985$27,792$21,264$16,140$5,634
24 years$43,703$33,715$25,703$19,394$14,507$4,785
25 years$41,508$31,640$23,806$17,712$13,054$4,066
26 years$39,486$29,737$22,079$16,195$11,759$3,456
27 years$37,616$27,986$20,502$14,824$10,601$2,940
28 years$35,883$26,371$19,060$13,582$9,566$2,501
29 years$34,273$24,878$17,737$12,455$8,638$2,129
30 years$32,773$23,494$16,521$11,430$7,805$1,812
31 years$31,372$22,210$15,402$10,498$7,056$1,543
32 years$30,061$21,015$14,370$9,648$6,383$1,314
33 years$28,833$19,902$13,418$8,872$5,777$1,119
34 years$27,679$18,862$12,537$8,163$5,230$953
35 years$26,593$17,891$11,721$7,514$4,737$812
36 years$25,571$16,981$10,965$6,921$4,292$692
37 years$24,605$16,128$10,263$6,376$3,890$590
38 years$23,693$15,327$9,611$5,877$3,527$503
39 years$22,829$14,575$9,004$5,419$3,198$428
40 years$22,011$13,867$8,440$4,998$2,901$365
41 years$21,235$13,200$7,914$4,612$2,632$311
42 years$20,498$12,571$7,423$4,256$2,388$265
43 years$19,797$11,978$6,966$3,929$2,167$226
44 years$19,129$11,417$6,539$3,628$1,967$193
45 years$18,493$10,887$6,139$3,350$1,786$164
46 years$17,887$10,386$5,766$3,095$1,621$140
47 years$17,308$9,911$5,417$2,859$1,472$119
48 years$16,754$9,462$5,091$2,642$1,337$102
49 years$16,225$9,035$4,785$2,442$1,214$87
50 years$15,719$8,631$4,499$2,257$1,103$74

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 $5,427 every year, while hoping to spend $42,849 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: 47/29/24 Blend
72$16,100,000$16,100,000$16,100,000$16,100,000
73$17,747,798$16,894,498$16,644,948$18,459,990
74$19,512,482$17,676,737$17,156,963$19,742,548
75$21,455,728$18,495,870$17,684,694$21,129,221
76$23,595,704$19,353,660$18,228,623$22,633,568
77$25,952,430$20,251,952$18,789,245$24,266,644
78$28,547,965$21,192,685$19,367,072$26,040,591
79$31,406,619$22,177,889$19,962,631$27,968,747
80$34,555,178$23,209,690$20,576,463$30,065,769
81$38,023,161$24,290,319$21,209,129$32,347,763
82$41,843,094$25,422,115$21,861,206$34,832,428
83$46,050,820$26,607,529$22,533,286$37,539,224
84$50,685,835$27,849,129$23,225,982$40,489,541
85$55,791,663$29,149,609$23,939,926$43,706,897
86$61,416,265$30,511,793$24,675,766$47,217,153
87$67,612,494$31,938,640$25,434,174$51,048,750
88$74,438,588$33,433,254$26,215,839$55,232,969
89$81,958,727$34,998,887$27,021,473$59,804,216
90$90,243,634$36,638,948$27,851,808$64,800,341
91$99,371,242$38,357,014$28,707,601$70,262,984
92$109,427,433$40,156,832$29,589,630$76,237,959
93$120,506,846$42,042,332$30,498,698$82,775,679
94$132,713,770$44,017,632$31,435,630$89,931,618
95$146,163,130$46,087,051$32,401,279$97,766,824
96$160,981,570$48,255,118$33,396,523$106,348,488
97$177,308,650$50,526,578$34,422,266$115,750,562
98$195,298,161$52,906,409$35,479,440$126,054,445
99$215,119,580$55,399,829$36,569,007$137,349,742
100$236,959,664$58,012,308$37,691,957$149,735,093