Can I retire at age 73 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,319,881
2 years$690,884$678,017$665,547$653,456$641,728$613,898
3 years$456,014$443,092$430,653$418,676$407,139$380,095
4 years$338,602$325,719$313,405$301,632$290,375$264,326
5 years$268,174$255,368$243,215$231,683$220,738$195,759
6 years$221,236$208,527$196,554$185,278$174,663$150,779
7 years$187,723$175,121$163,337$152,328$142,048$119,265
8 years$162,599$150,111$138,523$127,784$117,842$96,153
9 years$143,069$130,698$119,310$108,843$99,240$78,631
10 years$127,454$115,204$104,017$93,824$84,558$65,007
11 years$114,686$102,560$91,575$81,655$72,722$54,206
12 years$104,054$92,052$81,270$71,622$63,020$45,511
13 years$95,065$83,188$72,610$63,232$54,954$38,422
14 years$87,366$75,616$65,240$56,130$48,173$32,586
15 years$80,700$69,076$58,903$50,058$42,415$27,740
16 years$74,873$63,376$53,404$44,822$37,487$23,689
17 years$69,737$58,367$48,596$40,272$33,238$20,282
18 years$65,177$53,934$44,362$36,293$29,554$17,404
19 years$61,101$49,985$40,611$32,794$26,342$14,963
20 years$57,438$46,449$37,271$29,701$23,529$12,884
21 years$54,127$43,265$34,282$26,956$21,056$11,109
22 years$51,122$40,386$31,596$24,509$18,874$9,590
23 years$48,382$37,773$29,173$22,321$16,942$8,287
24 years$45,874$35,391$26,980$20,358$15,228$7,167
25 years$43,571$33,212$24,989$18,592$13,703$6,203
26 years$41,448$31,214$23,176$17,000$12,343$5,372
27 years$39,485$29,376$21,521$15,560$11,128$4,655
28 years$37,666$27,681$20,007$14,256$10,041$4,035
29 years$35,976$26,114$18,618$13,073$9,067$3,499
30 years$34,401$24,662$17,342$11,998$8,193$3,036
31 years$32,931$23,314$16,167$11,019$7,407$2,635
32 years$31,555$22,059$15,084$10,127$6,700$2,287
33 years$30,265$20,891$14,084$9,313$6,064$1,986
34 years$29,054$19,800$13,160$8,568$5,490$1,725
35 years$27,915$18,780$12,303$7,888$4,972$1,498
36 years$26,841$17,825$11,510$7,264$4,505$1,301
37 years$25,828$16,929$10,773$6,693$4,083$1,131
38 years$24,870$16,089$10,088$6,169$3,702$982
39 years$23,964$15,299$9,452$5,688$3,357$854
40 years$23,105$14,556$8,859$5,247$3,045$742
41 years$22,290$13,856$8,307$4,841$2,762$645
42 years$21,516$13,196$7,792$4,467$2,507$560
43 years$20,780$12,573$7,312$4,124$2,275$487
44 years$20,080$11,984$6,863$3,808$2,065$423
45 years$19,412$11,428$6,445$3,517$1,875$368
46 years$18,775$10,902$6,053$3,248$1,702$320
47 years$18,168$10,404$5,687$3,001$1,545$278
48 years$17,587$9,932$5,344$2,773$1,404$242
49 years$17,032$9,484$5,023$2,563$1,275$210
50 years$16,500$9,060$4,722$2,369$1,158$183

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $16,900,000, adding $6,129 every year, while hoping to spend $58,676 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: 32/48/20 Blend
72$16,900,000$16,900,000$16,900,000$16,900,000
73$18,630,122$17,734,422$17,472,472$19,110,525
74$20,467,964$18,540,978$17,995,369$20,277,143
75$22,491,299$19,385,088$18,533,817$21,527,099
76$24,718,985$20,268,532$19,088,274$22,872,236
77$27,171,803$21,193,172$19,659,212$24,320,917
78$29,872,651$22,160,960$20,247,119$25,882,301
79$32,846,758$23,173,945$20,852,495$27,566,419
80$36,121,928$24,234,268$21,475,854$29,384,262
81$39,728,796$25,344,179$22,117,727$31,347,874
82$43,701,122$26,506,033$22,778,659$33,470,460
83$48,076,105$27,722,296$23,459,212$35,766,495
84$52,894,736$28,995,557$24,159,964$38,251,858
85$58,202,185$30,328,526$24,881,510$40,943,966
86$64,048,229$31,724,044$25,624,461$43,861,928
87$70,487,715$33,185,090$26,389,448$47,026,716
88$77,581,087$34,714,783$27,177,118$50,461,351
89$85,394,946$36,316,396$27,988,140$54,191,103
90$94,002,687$37,993,356$28,823,200$58,243,724
91$103,485,188$39,749,258$29,683,004$62,649,688
92$113,931,572$41,587,866$30,568,279$67,442,473
93$125,440,050$43,513,130$31,479,774$72,658,854
94$138,118,848$45,529,186$32,418,260$78,339,238
95$152,087,227$47,640,372$33,384,528$84,528,029
96$167,476,609$49,851,235$34,379,394$91,274,030
97$184,431,816$52,166,539$35,403,697$98,630,884
98$203,112,442$54,591,280$36,458,301$106,657,564
99$223,694,351$57,130,693$37,544,095$115,418,908
100$246,371,346$59,790,267$38,661,992$124,986,210