Can I retire at age 73 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,291,281
2 years$674,532$661,969$649,794$637,990$626,540$601,996
3 years$445,221$432,604$420,460$408,766$397,502$373,632
4 years$330,588$318,010$305,987$294,493$283,502$260,489
5 years$261,826$249,324$237,459$226,199$215,514$193,423
6 years$216,000$203,592$191,902$180,893$170,529$149,386
7 years$183,280$170,976$159,471$148,722$138,686$118,495
8 years$158,751$146,558$135,244$124,759$115,053$95,811
9 years$139,683$127,605$116,486$106,267$96,891$78,585
10 years$124,437$112,478$101,555$91,603$82,556$65,169
11 years$111,972$100,132$89,407$79,722$71,001$54,514
12 years$101,592$89,873$79,347$69,927$61,528$45,917
13 years$92,815$81,219$70,891$61,735$53,654$38,894
14 years$85,299$73,826$63,696$54,802$47,032$33,098
15 years$78,790$67,441$57,509$48,873$41,411$28,274
16 years$73,101$61,876$52,140$43,761$36,599$24,230
17 years$68,087$56,986$47,446$39,319$32,451$20,820
18 years$63,634$52,657$43,312$35,434$28,854$17,931
19 years$59,655$48,802$39,650$32,018$25,718$15,473
20 years$56,078$45,349$36,389$28,998$22,972$13,373
21 years$52,846$42,241$33,470$26,318$20,558$11,575
22 years$49,912$39,431$30,848$23,929$18,427$10,031
23 years$47,237$36,879$28,483$21,793$16,541$8,701
24 years$44,789$34,553$26,342$19,876$14,867$7,555
25 years$42,540$32,426$24,398$18,152$13,378$6,565
26 years$40,467$30,475$22,628$16,597$12,051$5,708
27 years$38,551$28,681$21,012$15,192$10,865$4,966
28 years$36,775$27,026$19,533$13,919$9,804$4,323
29 years$35,124$25,496$18,177$12,764$8,852$3,764
30 years$33,587$24,078$16,932$11,714$7,999$3,279
31 years$32,151$22,762$15,785$10,759$7,232$2,858
32 years$30,808$21,537$14,727$9,887$6,541$2,491
33 years$29,549$20,396$13,751$9,092$5,920$2,172
34 years$28,367$19,331$12,848$8,366$5,360$1,894
35 years$27,254$18,335$12,012$7,701$4,855$1,652
36 years$26,206$17,403$11,237$7,092$4,399$1,441
37 years$25,216$16,529$10,518$6,535$3,987$1,257
38 years$24,281$15,708$9,849$6,023$3,614$1,097
39 years$23,397$14,937$9,228$5,554$3,277$958
40 years$22,558$14,211$8,649$5,123$2,973$836
41 years$21,763$13,528$8,110$4,726$2,697$730
42 years$21,007$12,883$7,608$4,362$2,447$637
43 years$20,288$12,275$7,139$4,026$2,221$556
44 years$19,604$11,701$6,701$3,718$2,016$485
45 years$18,953$11,158$6,292$3,433$1,830$424
46 years$18,331$10,644$5,910$3,171$1,662$370
47 years$17,738$10,158$5,552$2,930$1,509$323
48 years$17,171$9,697$5,217$2,707$1,370$282
49 years$16,629$9,260$4,904$2,502$1,245$246
50 years$16,110$8,846$4,610$2,313$1,130$215

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $16,500,000, adding $2,928 every year, while hoping to spend $36,734 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: 70/8/22 Blend
72$16,500,000$16,500,000$16,500,000$16,500,000
73$18,186,020$17,311,520$17,055,770$19,359,200
74$20,001,910$18,120,700$17,588,054$20,952,390
75$22,001,789$18,968,298$18,136,938$22,691,129
76$24,204,385$19,856,159$18,702,939$24,593,518
77$26,630,337$20,786,215$19,286,592$26,675,760
78$29,302,384$21,760,493$19,888,446$28,955,694
79$32,245,586$22,781,116$20,509,068$31,452,958
80$35,487,558$23,850,313$21,149,043$34,189,171
81$39,058,727$24,970,416$21,808,975$37,188,142
82$42,992,626$26,143,876$22,489,485$40,476,082
83$47,326,205$27,373,257$23,191,213$44,081,857
84$52,100,182$28,661,250$23,914,822$48,037,253
85$57,359,425$30,010,676$24,660,994$52,377,272
86$63,153,379$31,424,492$25,430,430$57,140,466
87$69,536,530$32,905,798$26,223,856$62,369,289
88$76,568,921$34,457,847$27,042,019$68,110,501
89$84,316,714$36,084,045$27,885,690$74,415,602
90$92,852,822$37,787,966$28,755,664$81,341,317
91$102,257,591$39,573,357$29,652,759$88,950,125
92$112,619,560$41,444,146$30,577,822$97,310,849
93$124,036,298$43,404,453$31,531,722$106,499,296
94$136,615,324$45,458,595$32,515,359$116,598,973
95$150,475,122$47,611,101$33,529,658$127,701,870
96$165,746,258$49,866,718$34,575,575$139,909,321
97$182,572,614$52,230,425$35,654,094$153,332,958
98$201,112,745$54,707,440$36,766,231$168,095,761
99$221,541,379$57,303,238$37,913,033$184,333,211
100$244,051,059$60,023,557$39,095,580$202,194,565