Can I retire at age 73 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,267,420
2 years$670,444$657,958$645,856$634,123$622,742$582,454
3 years$442,523$429,982$417,912$406,289$395,093$356,119
4 years$328,585$316,083$304,133$292,708$281,784$244,423
5 years$260,239$247,813$236,019$224,828$214,208$178,561
6 years$214,691$202,358$190,739$179,797$169,495$135,593
7 years$182,169$169,940$158,505$147,821$137,845$105,686
8 years$157,789$145,670$134,425$124,003$114,356$83,918
9 years$138,836$126,832$115,780$105,623$96,304$67,556
10 years$123,683$111,796$100,940$91,048$82,056$54,955
11 years$111,293$99,525$88,866$79,239$70,571$45,068
12 years$100,976$89,329$78,866$69,503$61,155$37,199
13 years$92,252$80,727$70,462$61,361$53,328$30,861
14 years$84,782$73,379$63,310$54,470$46,747$25,710
15 years$78,313$67,033$57,160$48,577$41,160$21,492
16 years$72,658$61,501$51,824$43,496$36,377$18,016
17 years$67,674$56,640$47,158$39,081$32,255$15,136
18 years$63,249$52,338$43,049$35,219$28,679$12,742
19 years$59,294$48,506$39,409$31,824$25,563$10,743
20 years$55,738$45,075$36,168$28,823$22,833$9,070
21 years$52,526$41,985$33,268$26,158$20,433$7,666
22 years$49,610$39,192$30,661$23,784$18,315$6,485
23 years$46,951$36,655$28,310$21,660$16,441$5,491
24 years$44,517$34,343$26,182$19,756$14,777$4,652
25 years$42,282$32,230$24,250$18,042$13,297$3,943
26 years$40,222$30,291$22,491$16,497$11,978$3,344
27 years$38,317$28,507$20,885$15,100$10,799$2,837
28 years$36,552$26,862$19,415$13,835$9,744$2,408
29 years$34,912$25,341$18,067$12,687$8,799$2,044
30 years$33,383$23,932$16,829$11,643$7,950$1,736
31 years$31,956$22,624$15,689$10,693$7,188$1,475
32 years$30,621$21,407$14,638$9,827$6,502$1,253
33 years$29,370$20,273$13,668$9,037$5,884$1,064
34 years$28,195$19,214$12,770$8,315$5,327$904
35 years$27,089$18,224$11,939$7,654$4,825$769
36 years$26,047$17,297$11,169$7,049$4,372$653
37 years$25,064$16,428$10,454$6,495$3,962$555
38 years$24,134$15,613$9,790$5,987$3,592$472
39 years$23,255$14,846$9,172$5,520$3,258$401
40 years$22,421$14,125$8,597$5,091$2,955$341
41 years$21,631$13,446$8,061$4,698$2,681$290
42 years$20,880$12,805$7,562$4,335$2,432$246
43 years$20,165$12,201$7,096$4,002$2,208$210
44 years$19,486$11,630$6,660$3,695$2,004$178
45 years$18,838$11,090$6,254$3,413$1,819$151
46 years$18,220$10,580$5,874$3,152$1,652$129
47 years$17,630$10,096$5,518$2,912$1,500$110
48 years$17,067$9,638$5,186$2,691$1,362$93
49 years$16,528$9,204$4,874$2,487$1,237$79
50 years$16,012$8,792$4,582$2,299$1,124$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $16,400,000, adding $4,346 every year, while hoping to spend $52,767 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: 72/23/5 Blend
72$16,400,000$16,400,000$16,400,000$16,400,000
73$18,077,283$17,208,083$16,953,883$19,370,738
74$19,865,022$17,995,135$17,465,694$21,010,779
75$21,833,342$18,818,985$17,992,883$22,798,688
76$24,000,607$19,681,379$18,535,908$24,754,571
77$26,387,050$20,584,148$19,095,243$26,894,948
78$29,014,970$21,529,212$19,671,374$29,238,000
79$31,908,936$22,518,582$20,264,804$31,803,732
80$35,096,021$23,554,366$20,876,049$34,614,161
81$38,606,059$24,638,774$21,505,640$37,693,518
82$42,471,923$25,774,120$22,154,125$41,068,474
83$46,729,838$26,962,831$22,822,067$44,768,387
84$51,419,723$28,207,451$23,510,048$48,825,572
85$56,585,565$29,510,646$24,218,665$53,275,606
86$62,275,835$30,875,210$24,948,532$58,157,653
87$68,543,947$32,304,072$25,700,285$63,514,833
88$75,448,759$33,800,301$26,474,574$69,394,623
89$83,055,132$35,367,116$27,272,072$75,849,295
90$91,434,539$37,007,888$28,093,470$82,936,410
91$100,665,741$38,726,153$28,939,480$90,719,349
92$110,835,529$40,525,617$29,810,834$99,267,908
93$122,039,544$42,410,164$30,708,289$108,658,950
94$134,383,182$44,383,866$31,632,620$118,977,121
95$147,982,581$46,450,990$32,584,628$130,315,643
96$162,965,727$48,616,012$33,565,136$142,777,186
97$179,473,656$50,883,620$34,574,993$156,474,829
98$197,661,784$53,258,733$35,615,070$171,533,118
99$217,701,378$55,746,503$36,686,267$188,089,234
100$239,781,170$58,352,334$37,789,509$206,294,275