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%16.1%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,290,660
2 years$678,620$665,981$653,733$641,856$630,337$597,251
3 years$447,919$435,226$423,008$411,244$399,912$367,822
4 years$332,592$319,937$307,842$296,278$285,220$254,374
5 years$263,413$250,835$238,898$227,570$216,820$187,303
6 years$217,309$204,825$193,065$181,989$171,562$143,404
7 years$184,391$172,012$160,438$149,624$139,526$112,729
8 years$159,713$147,446$136,064$125,515$115,750$90,303
9 years$140,529$128,378$117,192$106,911$97,479$73,360
10 years$125,192$113,159$102,171$92,159$83,057$60,238
11 years$112,651$100,739$89,949$80,206$71,431$49,879
12 years$102,207$90,418$79,828$70,351$61,901$41,578
13 years$93,377$81,711$71,321$62,109$53,979$34,845
14 years$85,816$74,273$64,082$55,134$47,318$29,331
15 years$79,268$67,850$57,857$49,170$41,662$24,779
16 years$73,544$62,251$52,456$44,026$36,821$20,995
17 years$68,499$57,331$47,733$39,557$32,648$17,834
18 years$64,020$52,976$43,574$35,649$29,029$15,180
19 years$60,017$49,098$39,890$32,212$25,874$12,944
20 years$56,418$45,624$36,609$29,174$23,111$11,054
21 years$53,167$42,497$33,673$26,477$20,682$9,451
22 years$50,215$39,670$31,035$24,074$18,539$8,089
23 years$47,523$37,102$28,656$21,925$16,641$6,930
24 years$45,060$34,762$26,501$19,996$14,958$5,942
25 years$42,797$32,623$24,546$18,262$13,460$5,098
26 years$40,712$30,660$22,765$16,698$12,124$4,376
27 years$38,785$28,855$21,139$15,284$10,931$3,758
28 years$36,998$27,190$19,652$14,003$9,863$3,229
29 years$35,337$25,650$18,288$12,841$8,906$2,775
30 years$33,790$24,224$17,034$11,785$8,047$2,386
31 years$32,346$22,900$15,880$10,824$7,275$2,052
32 years$30,995$21,668$14,817$9,947$6,581$1,765
33 years$29,728$20,520$13,834$9,147$5,956$1,518
34 years$28,538$19,448$12,926$8,416$5,392$1,306
35 years$27,419$18,446$12,085$7,748$4,884$1,124
36 years$26,365$17,508$11,305$7,135$4,425$968
37 years$25,369$16,629$10,582$6,574$4,011$833
38 years$24,429$15,803$9,909$6,060$3,636$717
39 years$23,538$15,027$9,284$5,587$3,297$617
40 years$22,695$14,297$8,702$5,154$2,991$531
41 years$21,894$13,610$8,159$4,755$2,713$458
42 years$21,134$12,961$7,654$4,388$2,462$394
43 years$20,411$12,350$7,182$4,051$2,234$339
44 years$19,723$11,772$6,742$3,740$2,028$292
45 years$19,067$11,225$6,330$3,454$1,841$252
46 years$18,442$10,709$5,945$3,191$1,672$217
47 years$17,845$10,219$5,586$2,948$1,518$187
48 years$17,275$9,756$5,249$2,724$1,379$161
49 years$16,729$9,316$4,934$2,517$1,252$138
50 years$16,207$8,899$4,638$2,327$1,137$119

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 $3,089 every year, while hoping to spend $25,171 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: 56/28/16 Blend
72$16,600,000$16,600,000$16,600,000$16,600,000
73$18,296,386$17,416,586$17,159,286$19,243,882
74$20,135,836$18,243,217$17,707,341$20,714,751
75$22,162,066$19,109,510$18,272,911$22,313,213
76$24,394,101$20,017,380$18,856,558$24,053,884
77$26,852,906$20,968,838$19,458,860$25,950,389
78$29,561,583$21,965,992$20,080,412$28,017,703
79$32,545,591$23,011,052$20,721,832$30,272,286
80$35,832,982$24,106,334$21,383,754$32,732,238
81$39,454,671$25,254,269$22,066,835$35,417,458
82$43,444,723$26,457,405$22,771,750$38,349,829
83$47,840,680$27,718,413$23,499,199$41,553,418
84$52,683,910$29,040,095$24,249,902$45,054,698
85$58,019,998$30,425,389$25,024,603$48,882,785
86$63,899,181$31,877,376$25,824,070$53,069,715
87$70,376,816$33,399,287$26,649,096$57,650,728
88$77,513,908$34,994,508$27,500,497$62,664,602
89$85,377,681$36,666,593$28,379,117$68,154,007
90$94,042,215$38,419,267$29,285,829$74,165,895
91$103,589,146$40,256,436$30,221,529$80,751,944
92$114,108,435$42,182,197$31,187,146$87,969,025
93$125,699,216$44,200,846$32,183,637$95,879,738
94$138,470,737$46,316,888$33,211,989$104,552,987
95$152,543,384$48,535,048$34,273,223$114,064,622
96$168,049,823$50,860,279$35,368,390$124,498,143
97$185,136,250$53,297,778$36,498,576$135,945,475
98$203,963,771$55,852,992$37,664,901$148,507,827
99$224,709,923$58,531,636$38,868,523$162,296,630
100$247,570,350$61,339,702$40,110,634$177,434,577