Can I retire at age 73 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,308,006
2 years$682,708$669,993$657,671$645,723$634,134$610,362
3 years$450,618$437,848$425,556$413,721$402,321$379,193
4 years$334,595$321,865$309,696$298,063$286,938$264,633
5 years$265,000$252,346$240,337$228,941$218,126$196,707
6 years$218,618$206,059$194,228$183,086$172,596$152,086
7 years$185,501$173,048$161,404$150,525$140,367$120,773
8 years$160,675$148,334$136,884$126,272$116,448$97,766
9 years$141,376$129,152$117,898$107,555$98,066$80,284
10 years$125,946$113,841$102,786$92,714$83,557$66,660
11 years$113,329$101,346$90,491$80,689$71,862$55,831
12 years$102,823$90,963$80,309$70,775$62,274$47,088
13 years$93,940$82,204$71,750$62,484$54,304$39,939
14 years$86,333$74,721$64,468$55,466$47,603$34,033
15 years$79,745$68,259$58,206$49,466$41,913$29,112
16 years$73,987$62,626$52,772$44,291$37,043$24,984
17 years$68,912$57,676$48,021$39,795$32,845$21,499
18 years$64,405$53,296$43,837$35,864$29,204$18,542
19 years$60,378$49,394$40,130$32,406$26,030$16,024
20 years$56,758$45,899$36,830$29,350$23,251$13,870
21 years$53,487$42,753$33,876$26,637$20,807$12,024
22 years$50,517$39,909$31,222$24,219$18,650$10,435
23 years$47,810$37,326$28,828$22,057$16,742$9,066
24 years$45,332$34,972$26,661$20,117$15,048$7,884
25 years$43,055$32,819$24,694$18,372$13,541$6,862
26 years$40,957$30,845$22,902$16,798$12,197$5,976
27 years$39,018$29,029$21,267$15,376$10,997$5,207
28 years$37,221$27,353$19,770$14,088$9,922$4,540
29 years$35,550$25,805$18,398$12,919$8,960$3,960
30 years$33,994$24,370$17,137$11,856$8,096$3,455
31 years$32,541$23,038$15,976$10,889$7,319$3,016
32 years$31,182$21,798$14,906$10,007$6,621$2,634
33 years$29,907$20,643$13,918$9,202$5,992$2,300
34 years$28,710$19,565$13,004$8,467$5,425$2,009
35 years$27,584$18,557$12,158$7,794$4,914$1,755
36 years$26,523$17,614$11,373$7,178$4,452$1,534
37 years$25,522$16,729$10,645$6,614$4,035$1,341
38 years$24,576$15,898$9,969$6,096$3,658$1,172
39 years$23,680$15,118$9,340$5,621$3,317$1,025
40 years$22,832$14,383$8,754$5,185$3,009$896
41 years$22,026$13,692$8,209$4,783$2,730$783
42 years$21,262$13,039$7,700$4,415$2,477$685
43 years$20,534$12,424$7,225$4,075$2,248$599
44 years$19,842$11,843$6,782$3,763$2,040$524
45 years$19,182$11,293$6,368$3,475$1,852$458
46 years$18,553$10,773$5,981$3,210$1,682$401
47 years$17,953$10,281$5,619$2,966$1,527$350
48 years$17,379$9,814$5,281$2,740$1,387$307
49 years$16,830$9,372$4,963$2,533$1,260$268
50 years$16,305$8,953$4,666$2,341$1,144$235

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $16,700,000, adding $4,445 every year, while hoping to spend $50,120 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: 50/37/13 Blend
72$16,700,000$16,700,000$16,700,000$16,700,000
73$18,407,985$17,522,885$17,264,035$19,263,130
74$20,232,272$18,328,179$17,789,053$20,655,665
75$22,240,957$19,171,253$18,329,979$22,162,472
76$24,452,795$20,053,904$18,887,294$23,798,784
77$26,888,453$20,978,019$19,461,491$25,576,785
78$29,570,704$21,945,571$20,053,080$27,509,860
79$32,524,643$22,958,631$20,662,586$29,612,710
80$35,777,923$24,019,370$21,290,548$31,901,486
81$39,361,014$25,130,062$21,937,524$34,393,935
82$43,307,493$26,293,091$22,604,087$37,109,560
83$47,654,360$27,510,955$23,290,827$40,069,798
84$52,442,386$28,786,273$23,998,351$43,298,213
85$57,716,501$30,121,792$24,727,287$46,820,710
86$63,526,213$31,520,389$25,478,280$50,665,772
87$69,926,078$32,985,079$26,251,994$54,864,719
88$76,976,215$34,519,025$27,049,113$59,451,997
89$84,742,874$36,125,542$27,870,343$64,465,490
90$93,299,056$37,808,103$28,716,409$69,946,869
91$102,725,210$39,570,350$29,588,059$75,941,974
92$113,109,986$41,416,102$30,486,063$82,501,238
93$124,551,073$43,349,360$31,411,215$89,680,146
94$137,156,124$45,374,319$32,364,331$97,539,755
95$151,043,765$47,495,377$33,346,253$106,147,248
96$166,344,724$49,717,146$34,357,848$115,576,561
97$183,203,058$52,044,458$35,400,007$125,909,066
98$201,777,513$54,482,380$36,473,651$137,234,323
99$222,243,027$57,036,224$37,579,726$149,650,911
100$244,792,376$59,711,559$38,719,207$163,267,343