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

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,266,246
2 years$662,268$649,934$637,980$626,390$615,148$589,500
3 years$437,126$424,739$412,815$401,334$390,275$365,344
4 years$324,577$312,228$300,424$289,139$278,348$254,325
5 years$257,066$244,791$233,141$222,086$211,595$188,549
6 years$212,073$199,890$188,413$177,604$167,428$145,384
7 years$179,948$167,867$156,572$146,018$136,164$115,127
8 years$155,865$143,893$132,785$122,491$112,961$92,925
9 years$137,143$125,285$114,368$104,335$95,130$76,082
10 years$122,175$110,433$99,709$89,938$81,055$62,977
11 years$109,936$98,312$87,782$78,273$69,710$52,580
12 years$99,744$88,239$77,904$68,656$60,409$44,203
13 years$91,127$79,742$69,602$60,613$52,678$37,368
14 years$83,748$72,484$62,538$53,805$46,177$31,735
15 years$77,358$66,215$56,463$47,985$40,658$27,053
16 years$71,772$60,751$51,192$42,965$35,934$23,135
17 years$66,849$55,950$46,583$38,604$31,861$19,836
18 years$62,477$51,700$42,524$34,790$28,330$17,046
19 years$58,570$47,915$38,929$31,436$25,251$14,677
20 years$55,059$44,525$35,727$28,471$22,555$12,657
21 years$51,886$41,473$32,862$25,839$20,184$10,930
22 years$49,005$38,714$30,287$23,494$18,092$9,450
23 years$46,378$36,208$27,965$21,396$16,240$8,178
24 years$43,974$33,925$25,863$19,515$14,597$7,084
25 years$41,766$31,837$23,954$17,822$13,135$6,141
26 years$39,731$29,921$22,216$16,295$11,832$5,327
27 years$37,850$28,159$20,630$14,916$10,667$4,623
28 years$36,106$26,534$19,178$13,666$9,625$4,014
29 years$34,486$25,032$17,847$12,532$8,691$3,487
30 years$32,976$23,640$16,624$11,501$7,853$3,030
31 years$31,567$22,348$15,498$10,563$7,100$2,634
32 years$30,248$21,146$14,460$9,708$6,423$2,290
33 years$29,012$20,025$13,501$8,927$5,812$1,992
34 years$27,851$18,979$12,615$8,214$5,262$1,733
35 years$26,759$18,002$11,794$7,561$4,766$1,508
36 years$25,729$17,086$11,033$6,964$4,319$1,312
37 years$24,758$16,228$10,327$6,416$3,914$1,142
38 years$23,840$15,422$9,670$5,914$3,549$994
39 years$22,971$14,665$9,060$5,453$3,218$865
40 years$22,148$13,953$8,492$5,029$2,919$753
41 years$21,367$13,282$7,963$4,640$2,648$656
42 years$20,625$12,649$7,469$4,282$2,403$571
43 years$19,919$12,052$7,009$3,953$2,181$497
44 years$19,248$11,488$6,579$3,650$1,979$433
45 years$18,608$10,955$6,178$3,371$1,797$377
46 years$17,998$10,451$5,802$3,114$1,631$328
47 years$17,415$9,973$5,451$2,877$1,481$286
48 years$16,858$9,521$5,122$2,658$1,345$249
49 years$16,326$9,092$4,815$2,457$1,222$217
50 years$15,817$8,685$4,527$2,271$1,110$189

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 $4,355 every year, while hoping to spend $38,068 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: 49/31/20 Blend
72$16,200,000$16,200,000$16,200,000$16,200,000
73$17,856,892$16,998,292$16,747,192$18,631,361
74$19,637,791$17,790,704$17,267,719$19,961,522
75$21,599,066$18,620,669$17,804,408$21,401,493
76$23,759,075$19,489,986$18,357,759$22,965,020
77$26,138,047$20,400,542$18,928,291$24,663,747
78$28,758,274$21,354,314$19,516,535$26,510,465
79$31,644,319$22,353,378$20,123,040$28,519,226
80$34,823,252$23,399,905$20,748,374$30,705,470
81$38,324,899$24,496,175$21,393,120$33,086,165
82$42,182,128$25,644,578$22,057,879$35,679,960
83$46,431,160$26,847,617$22,743,273$38,507,357
84$51,111,906$28,107,918$23,449,940$41,590,893
85$56,268,349$29,428,234$24,178,542$44,955,349
86$61,948,954$30,811,451$24,929,756$48,627,976
87$68,207,130$32,260,595$25,704,286$52,638,741
88$75,101,730$33,778,837$26,502,852$57,020,605
89$82,697,610$35,369,503$27,326,201$61,809,825
90$91,066,237$37,036,081$28,175,100$67,046,285
91$100,286,370$38,782,225$29,050,342$72,773,863
92$110,444,794$40,611,768$29,952,743$79,040,840
93$121,637,148$42,528,729$30,883,145$85,900,338
94$133,968,821$44,537,322$31,842,415$93,410,816
95$147,555,953$46,641,963$32,831,448$101,636,607
96$162,526,526$48,847,284$33,851,167$110,648,517
97$179,021,572$51,158,142$34,902,522$120,524,477
98$197,196,510$53,579,628$35,986,493$131,350,266
99$217,222,605$56,117,081$37,104,092$143,220,313
100$239,288,592$58,776,099$38,256,360$156,238,563