Can I retire at age 73 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,307,708
2 years$678,620$665,981$653,733$641,856$630,337$614,236
3 years$447,919$435,226$423,008$411,244$399,912$384,209
4 years$332,592$319,937$307,842$296,278$285,220$270,036
5 years$263,413$250,835$238,898$227,570$216,820$202,199
6 years$217,309$204,825$193,065$181,989$171,562$157,523
7 years$184,391$172,012$160,438$149,624$139,526$126,073
8 years$159,713$147,446$136,064$125,515$115,750$102,882
9 years$140,529$128,378$117,192$106,911$97,479$85,191
10 years$125,192$113,159$102,171$92,159$83,057$71,340
11 years$112,651$100,739$89,949$80,206$71,431$60,276
12 years$102,207$90,418$79,828$70,351$61,901$51,295
13 years$93,377$81,711$71,321$62,109$53,979$43,908
14 years$85,816$74,273$64,082$55,134$47,318$37,768
15 years$79,268$67,850$57,857$49,170$41,662$32,618
16 years$73,544$62,251$52,456$44,026$36,821$28,267
17 years$68,499$57,331$47,733$39,557$32,648$24,567
18 years$64,020$52,976$43,574$35,649$29,029$21,404
19 years$60,017$49,098$39,890$32,212$25,874$18,687
20 years$56,418$45,624$36,609$29,174$23,111$16,345
21 years$53,167$42,497$33,673$26,477$20,682$14,319
22 years$50,215$39,670$31,035$24,074$18,539$12,561
23 years$47,523$37,102$28,656$21,925$16,641$11,032
24 years$45,060$34,762$26,501$19,996$14,958$9,699
25 years$42,797$32,623$24,546$18,262$13,460$8,535
26 years$40,712$30,660$22,765$16,698$12,124$7,516
27 years$38,785$28,855$21,139$15,284$10,931$6,624
28 years$36,998$27,190$19,652$14,003$9,863$5,841
29 years$35,337$25,650$18,288$12,841$8,906$5,153
30 years$33,790$24,224$17,034$11,785$8,047$4,548
31 years$32,346$22,900$15,880$10,824$7,275$4,016
32 years$30,995$21,668$14,817$9,947$6,581$3,548
33 years$29,728$20,520$13,834$9,147$5,956$3,135
34 years$28,538$19,448$12,926$8,416$5,392$2,771
35 years$27,419$18,446$12,085$7,748$4,884$2,449
36 years$26,365$17,508$11,305$7,135$4,425$2,166
37 years$25,369$16,629$10,582$6,574$4,011$1,916
38 years$24,429$15,803$9,909$6,060$3,636$1,695
39 years$23,538$15,027$9,284$5,587$3,297$1,499
40 years$22,695$14,297$8,702$5,154$2,991$1,327
41 years$21,894$13,610$8,159$4,755$2,713$1,174
42 years$21,134$12,961$7,654$4,388$2,462$1,039
43 years$20,411$12,350$7,182$4,051$2,234$920
44 years$19,723$11,772$6,742$3,740$2,028$814
45 years$19,067$11,225$6,330$3,454$1,841$721
46 years$18,442$10,709$5,945$3,191$1,672$638
47 years$17,845$10,219$5,586$2,948$1,518$565
48 years$17,275$9,756$5,249$2,724$1,379$500
49 years$16,729$9,316$4,934$2,517$1,252$443
50 years$16,207$8,899$4,638$2,327$1,137$392

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $16,600,000, adding $4,567 every year, while hoping to spend $43,611 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: 90/5/5 Blend
72$16,600,000$16,600,000$16,600,000$16,600,000
73$18,297,911$17,418,111$17,160,811$19,947,781
74$20,117,896$18,225,197$17,689,296$21,827,386
75$22,122,058$19,070,368$18,234,024$23,887,732
76$24,329,137$19,955,445$18,795,493$26,152,294
77$26,759,782$20,882,335$19,374,216$28,641,678
78$29,436,750$21,853,039$19,970,721$31,378,586
79$32,385,113$22,869,653$20,585,555$34,388,025
80$35,632,502$23,934,374$21,219,279$37,697,542
81$39,209,365$25,049,505$21,872,473$41,337,485
82$43,149,252$26,217,462$22,545,732$45,341,289
83$47,489,133$27,440,776$23,239,672$49,745,785
84$52,269,751$28,722,100$23,954,927$54,591,553
85$57,535,998$30,064,216$24,692,149$59,923,298
86$63,337,346$31,470,039$25,452,013$65,790,275
87$69,728,312$32,942,627$26,235,212$72,246,746
88$76,768,968$34,485,184$27,042,460$79,352,501
89$84,525,515$36,101,070$27,874,494$87,173,409
90$93,070,902$37,793,807$28,732,074$95,782,047
91$102,485,518$39,567,088$29,615,983$105,258,378
92$112,857,949$41,424,783$30,527,026$115,690,506
93$124,285,813$43,370,950$31,466,034$127,175,506
94$136,876,684$45,409,845$32,433,865$139,820,338
95$150,749,106$47,545,927$33,431,399$153,742,852
96$166,033,711$49,783,875$34,459,548$169,072,902
97$182,874,455$52,128,590$35,519,248$185,953,570
98$201,429,971$54,585,213$36,611,465$204,542,507
99$221,875,074$57,159,133$37,737,194$225,013,429
100$244,402,403$59,856,002$38,897,462$247,557,746