Can I retire at age 73 with 15,400,000?

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 $15,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,222,843
2 years$629,563$617,838$606,475$595,457$584,770$579,547
3 years$415,540$403,764$392,429$381,515$371,002$365,891
4 years$308,549$296,809$285,588$274,860$264,602$259,642
5 years$244,371$232,702$221,628$211,119$201,146$196,352
6 years$201,600$190,019$179,108$168,834$159,160$154,539
7 years$171,061$159,577$148,840$138,807$129,440$124,993
8 years$148,168$136,787$126,228$116,442$107,383$103,111
9 years$130,371$119,098$108,720$99,183$90,432$86,335
10 years$116,142$104,979$94,785$85,497$77,052$73,128
11 years$104,507$93,457$83,447$74,408$66,268$62,513
12 years$94,819$83,882$74,057$65,265$57,426$53,838
13 years$86,627$75,805$66,165$57,620$50,077$46,653
14 years$79,612$68,904$59,450$51,148$43,897$40,633
15 years$73,538$62,945$53,675$45,615$38,650$35,542
16 years$68,228$57,751$48,664$40,844$34,159$31,203
17 years$63,548$53,187$44,283$36,698$30,288$27,479
18 years$59,392$49,147$40,424$33,072$26,931$24,265
19 years$55,678$45,549$37,006$29,883$24,004$21,476
20 years$52,340$42,326$33,963$27,065$21,441$19,047
21 years$49,323$39,425$31,239$24,563$19,187$16,922
22 years$46,585$36,802$28,792$22,334$17,198$15,057
23 years$44,088$34,420$26,584$20,340$15,438$13,416
24 years$41,803$32,249$24,586$18,551$13,876$11,968
25 years$39,704$30,264$22,771$16,942$12,487$10,688
26 years$37,769$28,444$21,119$15,491$11,247$9,554
27 years$35,981$26,769$19,611$14,179$10,141$8,547
28 years$34,323$25,224$18,231$12,991$9,150$7,652
29 years$32,783$23,796$16,966$11,913$8,262$6,855
30 years$31,348$22,473$15,803$10,933$7,465$6,144
31 years$30,008$21,244$14,732$10,041$6,749$5,510
32 years$28,754$20,101$13,746$9,228$6,105$4,944
33 years$27,579$19,036$12,834$8,486$5,525$4,438
34 years$26,475$18,042$11,992$7,808$5,003$3,985
35 years$25,437$17,113$11,211$7,188$4,531$3,580
36 years$24,459$16,242$10,488$6,620$4,105$3,217
37 years$23,535$15,427$9,817$6,099$3,721$2,891
38 years$22,663$14,661$9,193$5,622$3,373$2,599
39 years$21,837$13,941$8,613$5,183$3,059$2,337
40 years$21,054$13,264$8,073$4,781$2,775$2,102
41 years$20,312$12,626$7,570$4,411$2,517$1,891
42 years$19,606$12,024$7,101$4,071$2,284$1,701
43 years$18,936$11,457$6,663$3,758$2,073$1,530
44 years$18,297$10,921$6,254$3,470$1,882$1,377
45 years$17,689$10,414$5,873$3,204$1,708$1,239
46 years$17,109$9,934$5,516$2,960$1,551$1,116
47 years$16,555$9,481$5,182$2,735$1,408$1,004
48 years$16,026$9,050$4,869$2,527$1,279$904
49 years$15,520$8,643$4,577$2,335$1,162$814
50 years$15,036$8,256$4,303$2,159$1,055$733

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $15,400,000, adding $2,742 every year, while hoping to spend $42,100 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: 71/12/17 Blend
72$15,400,000$15,400,000$15,400,000$15,400,000
73$16,973,628$16,157,428$15,918,728$18,111,007
74$18,660,144$16,904,348$16,407,212$19,614,417
75$20,517,274$17,686,456$16,910,648$21,254,494
76$22,562,375$18,505,432$17,429,494$23,048,996
77$24,814,576$19,363,036$17,964,221$25,013,193
78$27,294,952$20,261,115$18,515,312$27,163,893
79$30,026,729$21,201,602$19,083,267$29,519,599
80$33,035,500$22,186,524$19,668,601$32,100,683
81$36,349,466$23,218,009$20,271,844$34,929,569
82$39,999,704$24,298,283$20,893,542$38,030,949
83$44,020,457$25,429,682$21,534,259$41,432,010
84$48,449,461$26,614,655$22,194,575$45,162,687
85$53,328,300$27,855,767$22,875,087$49,255,943
86$58,702,796$29,155,709$23,576,412$53,748,079
87$64,623,444$30,517,301$24,299,184$58,679,068
88$71,145,885$31,943,499$25,044,057$64,092,935
89$78,331,438$33,437,402$25,811,705$70,038,162
90$86,247,670$35,002,260$26,602,822$76,568,149
91$94,969,040$36,641,479$27,418,124$83,741,707
92$104,577,599$38,358,629$28,258,349$91,623,615
93$115,163,765$40,157,453$29,124,255$100,285,222
94$126,827,177$42,041,875$30,016,625$109,805,118
95$139,677,633$44,016,011$30,936,266$120,269,873
96$153,836,129$46,084,173$31,884,008$131,774,844
97$169,436,000$48,250,884$32,860,708$144,425,077
98$186,624,178$50,520,883$33,867,248$158,336,285
99$205,562,581$52,899,143$34,904,537$173,635,941
100$226,429,636$55,390,873$35,973,512$190,464,472