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%12.6%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,317,226
2 years$682,708$669,993$657,671$645,723$634,134$619,580
3 years$450,618$437,848$425,556$413,721$402,321$388,119
4 years$334,595$321,865$309,696$298,063$286,938$273,198
5 years$265,000$252,346$240,337$228,941$218,126$204,888
6 years$218,618$206,059$194,228$183,086$172,596$159,876
7 years$185,501$173,048$161,404$150,525$140,367$128,170
8 years$160,675$148,334$136,884$126,272$116,448$104,774
9 years$141,376$129,152$117,898$107,555$98,066$86,910
10 years$125,946$113,841$102,786$92,714$83,557$72,912
11 years$113,329$101,346$90,491$80,689$71,862$61,719
12 years$102,823$90,963$80,309$70,775$62,274$52,623
13 years$93,940$82,204$71,750$62,484$54,304$45,133
14 years$86,333$74,721$64,468$55,466$47,603$38,899
15 years$79,745$68,259$58,206$49,466$41,913$33,663
16 years$73,987$62,626$52,772$44,291$37,043$29,233
17 years$68,912$57,676$48,021$39,795$32,845$25,460
18 years$64,405$53,296$43,837$35,864$29,204$22,229
19 years$60,378$49,394$40,130$32,406$26,030$19,450
20 years$56,758$45,899$36,830$29,350$23,251$17,050
21 years$53,487$42,753$33,876$26,637$20,807$14,970
22 years$50,517$39,909$31,222$24,219$18,650$13,162
23 years$47,810$37,326$28,828$22,057$16,742$11,587
24 years$45,332$34,972$26,661$20,117$15,048$10,210
25 years$43,055$32,819$24,694$18,372$13,541$9,006
26 years$40,957$30,845$22,902$16,798$12,197$7,950
27 years$39,018$29,029$21,267$15,376$10,997$7,023
28 years$37,221$27,353$19,770$14,088$9,922$6,207
29 years$35,550$25,805$18,398$12,919$8,960$5,490
30 years$33,994$24,370$17,137$11,856$8,096$4,857
31 years$32,541$23,038$15,976$10,889$7,319$4,300
32 years$31,182$21,798$14,906$10,007$6,621$3,808
33 years$29,907$20,643$13,918$9,202$5,992$3,373
34 years$28,710$19,565$13,004$8,467$5,425$2,989
35 years$27,584$18,557$12,158$7,794$4,914$2,649
36 years$26,523$17,614$11,373$7,178$4,452$2,348
37 years$25,522$16,729$10,645$6,614$4,035$2,082
38 years$24,576$15,898$9,969$6,096$3,658$1,847
39 years$23,680$15,118$9,340$5,621$3,317$1,638
40 years$22,832$14,383$8,754$5,185$3,009$1,453
41 years$22,026$13,692$8,209$4,783$2,730$1,289
42 years$21,262$13,039$7,700$4,415$2,477$1,144
43 years$20,534$12,424$7,225$4,075$2,248$1,015
44 years$19,842$11,843$6,782$3,763$2,040$901
45 years$19,182$11,293$6,368$3,475$1,852$800
46 years$18,553$10,773$5,981$3,210$1,682$710
47 years$17,953$10,281$5,619$2,966$1,527$630
48 years$17,379$9,814$5,281$2,740$1,387$559
49 years$16,830$9,372$4,963$2,533$1,260$497
50 years$16,305$8,953$4,666$2,341$1,144$441

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 $3,934 every year, while hoping to spend $53,213 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: 64/13/23 Blend
72$16,700,000$16,700,000$16,700,000$16,700,000
73$18,407,458$17,522,358$17,263,508$19,475,236
74$20,228,400$18,324,335$17,785,217$20,997,704
75$22,233,296$19,163,826$18,322,620$22,654,083
76$24,440,850$20,042,612$18,876,187$24,462,598
77$26,871,678$20,962,561$19,446,400$26,438,159
78$29,548,493$21,925,630$20,033,758$28,597,170
79$32,496,324$22,933,871$20,638,774$30,957,686
80$35,742,751$23,989,433$21,261,975$33,539,576
81$39,318,165$25,094,568$21,903,904$36,364,712
82$43,256,056$26,251,640$22,565,123$39,457,168
83$47,593,326$27,463,123$23,246,207$42,843,446
84$52,370,640$28,731,610$23,947,749$46,552,721
85$57,632,807$30,059,822$24,670,361$50,617,112
86$63,429,208$31,450,607$25,414,672$55,071,984
87$69,814,253$32,906,953$26,181,330$59,956,275
88$76,847,904$34,431,991$26,971,002$65,312,858
89$84,596,234$36,029,002$27,784,374$71,188,946
90$93,132,054$37,701,427$28,622,155$77,636,528
91$102,535,598$39,452,872$29,485,072$84,712,856
92$112,895,282$41,287,116$30,373,875$92,480,983
93$124,308,538$43,208,121$31,289,336$101,010,348
94$136,882,730$45,220,040$32,232,250$110,377,430
95$150,736,173$47,327,227$33,203,435$120,666,462
96$165,999,247$49,534,245$34,203,735$131,970,221
97$182,815,626$51,845,879$35,234,015$144,390,898
98$201,343,635$54,267,143$36,295,171$158,041,051
99$221,757,748$56,803,294$37,388,121$173,044,669
100$244,250,228$59,459,845$38,513,812$189,538,328