Can I retire at age 73 with 15,000,000?

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 $15,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,160,156
2 years$613,211$601,790$590,722$579,991$569,581$533,651
3 years$404,746$393,277$382,236$371,606$361,366$326,595
4 years$300,535$289,100$278,170$267,721$257,729$224,385
5 years$238,024$226,658$215,871$205,635$195,922$164,095
6 years$196,364$185,083$174,456$164,448$155,026$124,745
7 years$166,618$155,433$144,974$135,202$126,078$97,341
8 years$144,319$133,234$122,949$113,418$104,594$77,384
9 years$126,984$116,005$105,896$96,607$88,083$62,371
10 years$113,125$102,252$92,323$83,276$75,051$50,801
11 years$101,793$91,029$81,280$72,475$64,546$41,715
12 years$92,356$81,703$72,133$63,570$55,935$34,477
13 years$84,377$73,836$64,446$56,123$48,776$28,642
14 years$77,544$67,114$57,905$49,820$42,757$23,894
15 years$71,628$61,310$52,281$44,430$37,646$20,002
16 years$66,456$56,251$47,400$39,783$33,272$16,791
17 years$61,897$51,805$43,132$35,744$29,501$14,128
18 years$57,849$47,870$39,374$32,213$26,231$11,911
19 years$54,232$44,366$36,045$29,107$23,380$10,057
20 years$50,980$41,227$33,081$26,362$20,884$8,504
21 years$48,042$38,401$30,428$23,925$18,689$7,199
22 years$45,375$35,846$28,044$21,754$16,752$6,100
23 years$42,943$33,526$25,894$19,811$15,037$5,172
24 years$40,717$31,412$23,947$18,069$13,516$4,389
25 years$38,672$29,478$22,180$16,502$12,162$3,727
26 years$36,788$27,705$20,571$15,088$10,955$3,166
27 years$35,046$26,074$19,102$13,811$9,877$2,690
28 years$33,432$24,569$17,757$12,654$8,912$2,287
29 years$31,931$23,178$16,525$11,604$8,048$1,945
30 years$30,534$21,889$15,392$10,649$7,272$1,654
31 years$29,228$20,693$14,350$9,780$6,574$1,407
32 years$28,007$19,579$13,389$8,989$5,947$1,197
33 years$26,863$18,542$12,501$8,266$5,382$1,019
34 years$25,788$17,574$11,680$7,605$4,873$867
35 years$24,776$16,668$10,920$7,001$4,413$738
36 years$23,823$15,821$10,216$6,448$3,999$629
37 years$22,924$15,026$9,562$5,941$3,624$535
38 years$22,074$14,280$8,954$5,476$3,286$456
39 years$21,270$13,579$8,389$5,049$2,980$388
40 years$20,507$12,919$7,863$4,657$2,703$330
41 years$19,784$12,298$7,373$4,297$2,452$281
42 years$19,097$11,712$6,916$3,965$2,225$240
43 years$18,444$11,159$6,490$3,660$2,019$204
44 years$17,822$10,637$6,092$3,380$1,833$174
45 years$17,230$10,143$5,720$3,121$1,664$148
46 years$16,665$9,676$5,372$2,883$1,511$126
47 years$16,125$9,234$5,047$2,664$1,372$107
48 years$15,610$8,815$4,743$2,461$1,246$91
49 years$15,117$8,418$4,458$2,275$1,131$78
50 years$14,645$8,041$4,191$2,103$1,028$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $15,000,000, adding $5,498 every year, while hoping to spend $45,305 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: 50/42/8 Blend
72$15,000,000$15,000,000$15,000,000$15,000,000
73$16,535,671$15,740,671$15,508,171$17,327,974
74$18,174,105$16,463,760$15,979,491$18,592,299
75$19,978,142$17,220,762$16,465,081$19,960,104
76$21,964,623$18,013,290$16,965,372$21,445,308
77$24,152,110$18,843,037$17,480,808$23,058,920
78$26,561,055$19,711,775$18,011,844$24,813,026
79$29,213,992$20,621,362$18,558,951$26,720,903
80$32,135,756$21,573,745$19,122,613$28,797,132
81$35,353,712$22,570,967$19,703,328$31,057,730
82$38,898,011$23,615,165$20,301,611$33,520,299
83$42,801,884$24,708,584$20,917,990$36,204,178
84$47,101,944$25,853,572$21,553,011$39,130,622
85$51,838,540$27,052,595$22,207,234$42,322,997
86$57,056,132$28,308,234$22,881,238$45,806,985
87$62,803,717$29,623,196$23,575,618$49,610,825
88$69,135,282$31,000,319$24,290,988$53,765,565
89$76,110,323$32,442,576$25,027,978$58,305,351
90$83,794,400$33,953,087$25,787,239$63,267,734
91$92,259,759$35,535,118$26,569,442$68,694,016
92$101,586,012$37,192,096$27,375,276$74,629,630
93$111,860,889$38,927,613$28,205,452$81,124,557
94$123,181,066$40,745,433$29,060,701$88,233,785
95$135,653,078$42,649,502$29,941,778$96,017,816
96$149,394,323$44,643,959$30,849,458$104,543,223
97$164,534,171$46,733,140$31,784,542$113,883,266
98$181,215,184$48,921,592$32,747,852$124,118,569
99$199,594,465$51,214,081$33,740,237$135,337,865
100$219,845,135$53,615,606$34,762,569$147,638,820