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%11.1%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,309,638
2 years$674,532$661,969$649,794$637,990$626,540$620,388
3 years$445,221$432,604$420,460$408,766$397,502$391,484
4 years$330,588$318,010$305,987$294,493$283,502$277,663
5 years$261,826$249,324$237,459$226,199$215,514$209,871
6 years$216,000$203,592$191,902$180,893$170,529$165,090
7 years$183,280$170,976$159,471$148,722$138,686$133,454
8 years$158,751$146,558$135,244$124,759$115,053$110,029
9 years$139,683$127,605$116,486$106,267$96,891$92,073
10 years$124,437$112,478$101,555$91,603$82,556$77,942
11 years$111,972$100,132$89,407$79,722$71,001$66,588
12 years$101,592$89,873$79,347$69,927$61,528$57,312
13 years$92,815$81,219$70,891$61,735$53,654$49,631
14 years$85,299$73,826$63,696$54,802$47,032$43,199
15 years$78,790$67,441$57,509$48,873$41,411$37,762
16 years$73,101$61,876$52,140$43,761$36,599$33,129
17 years$68,087$56,986$47,446$39,319$32,451$29,155
18 years$63,634$52,657$43,312$35,434$28,854$25,727
19 years$59,655$48,802$39,650$32,018$25,718$22,754
20 years$56,078$45,349$36,389$28,998$22,972$20,166
21 years$52,846$42,241$33,470$26,318$20,558$17,903
22 years$49,912$39,431$30,848$23,929$18,427$15,918
23 years$47,237$36,879$28,483$21,793$16,541$14,173
24 years$44,789$34,553$26,342$19,876$14,867$12,634
25 years$42,540$32,426$24,398$18,152$13,378$11,274
26 years$40,467$30,475$22,628$16,597$12,051$10,069
27 years$38,551$28,681$21,012$15,192$10,865$9,001
28 years$36,775$27,026$19,533$13,919$9,804$8,052
29 years$35,124$25,496$18,177$12,764$8,852$7,207
30 years$33,587$24,078$16,932$11,714$7,999$6,455
31 years$32,151$22,762$15,785$10,759$7,232$5,785
32 years$30,808$21,537$14,727$9,887$6,541$5,186
33 years$29,549$20,396$13,751$9,092$5,920$4,651
34 years$28,367$19,331$12,848$8,366$5,360$4,173
35 years$27,254$18,335$12,012$7,701$4,855$3,746
36 years$26,206$17,403$11,237$7,092$4,399$3,363
37 years$25,216$16,529$10,518$6,535$3,987$3,020
38 years$24,281$15,708$9,849$6,023$3,614$2,712
39 years$23,397$14,937$9,228$5,554$3,277$2,437
40 years$22,558$14,211$8,649$5,123$2,973$2,190
41 years$21,763$13,528$8,110$4,726$2,697$1,968
42 years$21,007$12,883$7,608$4,362$2,447$1,769
43 years$20,288$12,275$7,139$4,026$2,221$1,590
44 years$19,604$11,701$6,701$3,718$2,016$1,430
45 years$18,953$11,158$6,292$3,433$1,830$1,286
46 years$18,331$10,644$5,910$3,171$1,662$1,156
47 years$17,738$10,158$5,552$2,930$1,509$1,040
48 years$17,171$9,697$5,217$2,707$1,370$935
49 years$16,629$9,260$4,904$2,502$1,245$841
50 years$16,110$8,846$4,610$2,313$1,130$757

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 $2,116 every year, while hoping to spend $44,611 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: 55/25/20 Blend
72$16,500,000$16,500,000$16,500,000$16,500,000
73$18,185,183$17,310,683$17,054,933$19,086,857
74$19,992,606$18,111,440$17,578,807$20,504,345
75$21,982,890$18,949,940$18,118,736$22,042,269
76$24,174,642$19,827,984$18,675,211$23,716,096
77$26,588,361$20,747,461$19,248,736$25,538,851
78$29,246,639$21,710,352$19,839,834$27,524,854
79$32,174,369$22,718,731$20,449,041$29,689,849
80$35,398,981$23,774,775$21,076,910$32,051,145
81$38,950,702$24,880,765$21,724,012$34,627,780
82$42,862,842$26,039,090$22,390,934$37,440,691
83$47,172,103$27,252,257$23,078,282$40,512,906
84$51,918,932$28,522,892$23,786,679$43,869,757
85$57,147,899$29,853,750$24,516,769$47,539,114
86$62,908,118$31,247,717$25,269,213$51,551,639
87$69,253,710$32,707,819$26,044,696$55,941,069
88$76,244,314$34,237,228$26,843,919$60,744,529
89$83,945,652$35,839,270$27,667,608$66,002,875
90$92,430,146$37,517,431$28,516,510$71,761,071
91$101,777,602$39,275,366$29,391,395$78,068,606
92$112,075,965$41,116,907$30,293,054$84,979,952
93$123,422,149$43,046,071$31,222,307$92,555,069
94$135,922,948$45,067,068$32,179,994$100,859,966
95$149,696,048$47,184,314$33,166,983$109,967,309
96$164,871,137$49,402,437$34,184,169$119,957,101
97$181,591,127$51,726,290$35,232,472$130,917,423
98$200,013,504$54,160,961$36,312,842$142,945,260
99$220,311,816$56,711,783$37,426,258$156,147,399
100$242,677,310$59,384,349$38,573,726$170,641,431