Can I retire at age 73 with 15,200,000?

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,164,899
2 years$621,387$609,814$598,598$587,724$577,176$530,223
3 years$410,143$398,520$387,333$376,560$366,184$320,926
4 years$304,542$292,955$281,879$271,291$261,166$217,947
5 years$241,198$229,680$218,750$208,377$198,534$157,465
6 years$198,982$187,551$176,782$166,641$157,093$118,202
7 years$168,840$157,505$146,907$137,005$127,759$91,031
8 years$146,243$135,011$124,589$114,930$105,988$71,389
9 years$128,678$117,551$107,308$97,895$89,257$56,735
10 years$114,633$103,616$93,554$84,386$76,052$45,545
11 years$103,150$92,243$82,363$73,441$65,407$36,846
12 years$93,587$82,792$73,095$64,418$56,680$29,989
13 years$85,502$74,820$65,306$56,871$49,426$24,526
14 years$78,578$68,009$58,678$50,484$43,327$20,135
15 years$72,583$62,128$52,978$45,023$38,148$16,582
16 years$67,342$57,001$48,032$40,313$33,716$13,690
17 years$62,722$52,496$43,707$36,221$29,895$11,326
18 years$58,621$48,509$39,899$32,642$26,581$9,386
19 years$54,955$44,957$36,526$29,495$23,692$7,789
20 years$51,660$41,776$33,522$26,714$21,162$6,471
21 years$48,683$38,913$30,833$24,244$18,938$5,381
22 years$45,980$36,324$28,418$22,044$16,975$4,478
23 years$43,515$33,973$26,239$20,076$15,238$3,729
24 years$41,260$31,831$24,266$18,310$13,696$3,107
25 years$39,188$29,871$22,476$16,722$12,324$2,590
26 years$37,279$28,074$20,845$15,290$11,101$2,160
27 years$35,514$26,421$19,356$13,995$10,009$1,801
28 years$33,877$24,897$17,994$12,822$9,031$1,503
29 years$32,357$23,487$16,745$11,758$8,155$1,254
30 years$30,941$22,181$15,598$10,791$7,368$1,047
31 years$29,618$20,968$14,541$9,911$6,662$874
32 years$28,381$19,840$13,567$9,108$6,026$730
33 years$27,221$18,789$12,668$8,376$5,454$609
34 years$26,132$17,808$11,836$7,707$4,938$509
35 years$25,107$16,890$11,066$7,094$4,472$425
36 years$24,141$16,032$10,352$6,534$4,052$355
37 years$23,230$15,226$9,689$6,020$3,672$296
38 years$22,368$14,470$9,073$5,549$3,329$248
39 years$21,553$13,760$8,501$5,116$3,019$207
40 years$20,781$13,091$7,968$4,719$2,739$173
41 years$20,048$12,462$7,471$4,354$2,485$144
42 years$19,352$11,868$7,008$4,018$2,254$121
43 years$18,690$11,308$6,576$3,709$2,046$101
44 years$18,060$10,779$6,173$3,425$1,857$84
45 years$17,459$10,279$5,796$3,163$1,686$70
46 years$16,887$9,805$5,444$2,922$1,531$59
47 years$16,340$9,357$5,115$2,699$1,390$49
48 years$15,818$8,933$4,806$2,494$1,262$41
49 years$15,318$8,530$4,518$2,305$1,147$34
50 years$14,841$8,149$4,247$2,131$1,041$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $15,200,000, adding $2,979 every year, while hoping to spend $58,482 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: 52/24/24 Blend
72$15,200,000$15,200,000$15,200,000$15,200,000
73$16,753,473$15,947,873$15,712,273$17,512,495
74$18,400,103$16,667,094$16,176,410$18,757,032
75$20,212,729$17,419,597$16,654,135$20,103,827
76$22,208,221$18,206,951$17,145,842$21,567,658
77$24,405,167$19,030,800$17,651,936$23,159,692
78$26,824,052$19,892,866$18,172,833$24,892,203
79$29,487,443$20,794,955$18,708,961$26,778,686
80$32,420,211$21,738,957$19,260,760$28,833,976
81$35,649,761$22,726,854$19,828,684$31,074,390
82$39,206,290$23,760,723$20,413,198$33,517,870
83$43,123,072$24,842,739$21,014,781$36,184,151
84$47,436,775$25,975,183$21,633,926$39,094,941
85$52,187,804$27,160,444$22,271,139$42,274,121
86$57,420,680$28,401,026$22,926,943$45,747,963
87$63,184,465$29,699,553$23,601,871$49,545,377
88$69,533,223$31,058,774$24,296,477$53,698,170
89$76,526,529$32,481,570$25,011,326$58,241,349
90$84,230,031$33,970,963$25,747,001$63,213,437
91$92,716,070$35,530,117$26,504,102$68,656,836
92$102,064,365$37,162,348$27,283,245$74,618,214
93$112,362,761$38,871,133$28,085,064$81,148,943
94$123,708,059$40,660,116$28,910,211$88,305,573
95$136,206,933$42,533,114$29,759,355$96,150,361
96$149,976,933$44,494,129$30,633,186$104,751,846
97$165,147,595$46,547,356$31,532,412$114,185,489
98$181,861,665$48,697,191$32,457,763$124,534,378
99$200,276,443$50,948,242$33,409,987$135,889,997
100$220,565,273$53,305,339$34,389,854$148,353,087