Can I retire at age 73 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,266,765
2 years$662,268$649,934$637,980$626,390$615,148$590,016
3 years$437,126$424,739$412,815$401,334$390,275$365,841
4 years$324,577$312,228$300,424$289,139$278,348$254,800
5 years$257,066$244,791$233,141$222,086$211,595$189,001
6 years$212,073$199,890$188,413$177,604$167,428$145,811
7 years$179,948$167,867$156,572$146,018$136,164$115,530
8 years$155,865$143,893$132,785$122,491$112,961$93,305
9 years$137,143$125,285$114,368$104,335$95,130$76,438
10 years$122,175$110,433$99,709$89,938$81,055$63,311
11 years$109,936$98,312$87,782$78,273$69,710$52,893
12 years$99,744$88,239$77,904$68,656$60,409$44,494
13 years$91,127$79,742$69,602$60,613$52,678$37,639
14 years$83,748$72,484$62,538$53,805$46,177$31,987
15 years$77,358$66,215$56,463$47,985$40,658$27,287
16 years$71,772$60,751$51,192$42,965$35,934$23,351
17 years$66,849$55,950$46,583$38,604$31,861$20,036
18 years$62,477$51,700$42,524$34,790$28,330$17,231
19 years$58,570$47,915$38,929$31,436$25,251$14,846
20 years$55,059$44,525$35,727$28,471$22,555$12,813
21 years$51,886$41,473$32,862$25,839$20,184$11,073
22 years$49,005$38,714$30,287$23,494$18,092$9,581
23 years$46,378$36,208$27,965$21,396$16,240$8,298
24 years$43,974$33,925$25,863$19,515$14,597$7,194
25 years$41,766$31,837$23,954$17,822$13,135$6,241
26 years$39,731$29,921$22,216$16,295$11,832$5,418
27 years$37,850$28,159$20,630$14,916$10,667$4,706
28 years$36,106$26,534$19,178$13,666$9,625$4,090
29 years$34,486$25,032$17,847$12,532$8,691$3,555
30 years$32,976$23,640$16,624$11,501$7,853$3,092
31 years$31,567$22,348$15,498$10,563$7,100$2,690
32 years$30,248$21,146$14,460$9,708$6,423$2,341
33 years$29,012$20,025$13,501$8,927$5,812$2,038
34 years$27,851$18,979$12,615$8,214$5,262$1,774
35 years$26,759$18,002$11,794$7,561$4,766$1,545
36 years$25,729$17,086$11,033$6,964$4,319$1,345
37 years$24,758$16,228$10,327$6,416$3,914$1,172
38 years$23,840$15,422$9,670$5,914$3,549$1,021
39 years$22,971$14,665$9,060$5,453$3,218$889
40 years$22,148$13,953$8,492$5,029$2,919$775
41 years$21,367$13,282$7,963$4,640$2,648$675
42 years$20,625$12,649$7,469$4,282$2,403$588
43 years$19,919$12,052$7,009$3,953$2,181$513
44 years$19,248$11,488$6,579$3,650$1,979$447
45 years$18,608$10,955$6,178$3,371$1,797$390
46 years$17,998$10,451$5,802$3,114$1,631$340
47 years$17,415$9,973$5,451$2,877$1,481$296
48 years$16,858$9,521$5,122$2,658$1,345$258
49 years$16,326$9,092$4,815$2,457$1,222$225
50 years$15,817$8,685$4,527$2,271$1,110$196

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $16,200,000, adding $6,013 every year, while hoping to spend $34,622 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: 42/43/15 Blend
72$16,200,000$16,200,000$16,200,000$16,200,000
73$17,858,602$17,000,002$16,748,902$18,529,938
74$19,643,342$17,796,165$17,273,153$19,799,351
75$21,608,965$18,630,179$17,813,806$21,169,213
76$23,773,885$19,503,863$18,371,373$22,651,836
77$26,158,392$20,419,123$18,946,385$24,257,554
78$28,784,845$21,377,957$19,539,386$25,997,701
79$31,677,882$22,382,460$20,150,939$27,884,712
80$34,864,654$23,434,829$20,781,623$29,932,235
81$38,375,080$24,537,366$21,432,038$32,155,248
82$42,242,127$25,692,486$22,102,800$34,570,197
83$46,502,125$26,902,719$22,794,546$37,195,135
84$51,195,110$28,170,720$23,507,931$40,049,891
85$56,365,196$29,499,271$24,243,632$43,156,245
86$62,061,000$30,891,289$25,002,347$46,538,120
87$68,336,091$32,349,831$25,784,795$50,221,803
88$75,249,506$33,878,106$26,591,719$54,236,180
89$82,866,297$35,479,475$27,423,883$58,612,995
90$91,258,153$37,157,464$28,282,077$63,387,141
91$100,504,073$38,915,767$29,167,115$68,596,975
92$110,691,111$40,758,262$30,079,836$74,284,667
93$121,915,198$42,689,011$31,021,104$80,496,587
94$134,282,051$44,712,275$31,991,814$87,283,723
95$147,908,165$46,832,521$32,992,884$94,702,153
96$162,921,917$49,054,434$34,025,265$102,813,554
97$179,464,775$51,382,924$35,089,935$111,685,772
98$197,692,638$53,823,143$36,187,903$121,393,441
99$217,777,299$56,380,490$37,320,210$132,018,672
100$239,908,077$59,060,627$38,487,930$143,651,810