Can I retire at age 73 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,290,512
2 years$666,356$653,946$641,918$630,257$618,945$609,595
3 years$439,824$427,361$415,363$403,811$392,684$383,546
4 years$326,581$314,155$302,278$290,923$280,066$271,210
5 years$258,653$246,302$234,580$223,457$212,901$204,354
6 years$213,382$201,124$189,576$178,700$168,462$160,233
7 years$181,058$168,903$157,538$146,919$137,004$129,099
8 years$156,827$144,781$133,605$123,247$113,658$106,077
9 years$137,990$126,058$115,074$104,979$95,717$88,456
10 years$122,929$111,114$100,324$90,493$81,556$74,613
11 years$110,615$98,918$88,324$78,756$70,140$63,510
12 years$100,360$88,784$78,385$69,080$60,782$54,458
13 years$91,690$80,235$70,032$60,987$53,003$46,979
14 years$84,265$72,931$62,924$54,137$46,462$40,731
15 years$77,835$66,624$56,812$48,281$40,909$35,463
16 years$72,215$61,126$51,508$43,230$36,156$30,986
17 years$67,261$56,295$46,870$38,842$32,058$27,156
18 years$62,863$52,019$42,787$35,005$28,505$23,862
19 years$58,932$48,211$39,169$31,630$25,407$21,015
20 years$55,399$44,800$35,948$28,647$22,694$18,544
21 years$52,206$41,729$33,065$25,999$20,308$16,390
22 years$49,307$38,953$30,474$23,639$18,204$14,509
23 years$46,665$36,432$28,138$21,528$16,341$12,859
24 years$44,246$34,134$26,023$19,635$14,687$11,411
25 years$42,024$32,033$24,102$17,932$13,216$10,135
26 years$39,976$30,106$22,353$16,396$11,905$9,010
27 years$38,084$28,333$20,757$15,008$10,733$8,016
28 years$36,329$26,698$19,296$13,750$9,685$7,137
29 years$34,699$25,187$17,957$12,609$8,745$6,358
30 years$33,180$23,786$16,726$11,572$7,902$5,667
31 years$31,762$22,486$15,593$10,628$7,144$5,054
32 years$30,435$21,276$14,549$9,768$6,462$4,508
33 years$29,191$20,149$13,584$8,982$5,848$4,024
34 years$28,023$19,097$12,692$8,264$5,295$3,592
35 years$26,924$18,113$11,867$7,608$4,796$3,208
36 years$25,888$17,192$11,101$7,007$4,345$2,865
37 years$24,911$16,328$10,390$6,456$3,938$2,560
38 years$23,987$15,518$9,730$5,950$3,570$2,288
39 years$23,113$14,756$9,116$5,486$3,238$2,045
40 years$22,285$14,039$8,544$5,060$2,937$1,828
41 years$21,499$13,364$8,012$4,669$2,664$1,635
42 years$20,752$12,727$7,515$4,309$2,418$1,462
43 years$20,042$12,126$7,052$3,978$2,194$1,307
44 years$19,367$11,559$6,620$3,673$1,992$1,169
45 years$18,723$11,023$6,216$3,392$1,808$1,046
46 years$18,109$10,515$5,838$3,133$1,642$936
47 years$17,523$10,035$5,485$2,895$1,491$837
48 years$16,963$9,579$5,154$2,675$1,354$749
49 years$16,427$9,148$4,845$2,472$1,229$670
50 years$15,914$8,738$4,555$2,285$1,117$600

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $16,300,000, adding $4,543 every year, while hoping to spend $37,999 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: 33/41/26 Blend
72$16,300,000$16,300,000$16,300,000$16,300,000
73$17,967,286$17,103,386$16,850,736$18,417,647
74$19,759,519$17,901,021$17,374,805$19,556,106
75$21,733,285$18,736,467$17,915,157$20,778,480
76$23,907,063$19,611,536$18,472,297$22,095,146
77$26,301,210$20,528,129$19,046,746$23,514,463
78$28,938,163$21,488,236$19,639,041$25,045,593
79$31,842,643$22,493,947$20,249,736$26,698,573
80$35,041,893$23,547,451$20,879,403$28,484,404
81$38,565,932$24,651,042$21,528,629$30,415,149
82$42,447,841$25,807,127$22,198,022$32,504,036
83$46,724,073$27,018,228$22,888,208$34,765,575
84$51,434,796$28,286,990$23,599,831$37,215,683
85$56,624,277$29,616,184$24,333,557$39,871,831
86$62,341,293$31,008,717$25,090,071$42,753,190
87$68,639,597$32,467,636$25,870,080$45,880,810
88$75,578,422$33,996,137$26,674,314$49,277,801
89$83,223,042$35,597,568$27,503,524$52,969,542
90$91,645,384$37,275,441$28,358,485$56,983,911
91$100,924,714$39,033,438$29,239,994$61,351,530
92$111,148,378$40,875,419$30,148,877$66,106,046
93$122,412,629$42,805,431$31,085,981$71,284,431
94$134,823,539$44,827,719$32,052,183$76,927,319
95$148,497,993$46,946,730$33,048,384$83,079,374
96$163,564,798$49,167,130$34,075,515$89,789,693
97$180,165,898$51,493,810$35,134,536$97,112,258
98$198,457,712$53,931,899$36,226,434$105,106,423
99$218,612,609$56,486,772$37,352,231$113,837,458
100$240,820,540$59,164,070$38,512,976$123,377,150