Can I retire at age 73 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,223,389
2 years$650,004$637,898$626,165$614,790$603,756$559,392
3 years$429,031$416,873$405,171$393,902$383,048$340,211
4 years$318,567$306,446$294,860$283,784$273,193$232,212
5 years$252,305$240,257$228,824$217,973$207,677$168,659
6 years$208,146$196,188$184,924$174,315$164,328$127,303
7 years$176,615$164,759$153,672$143,314$133,642$98,604
8 years$152,978$141,229$130,326$120,223$110,869$77,788
9 years$134,604$122,965$112,250$102,403$93,368$62,201
10 years$119,912$108,387$97,862$88,272$79,554$50,250
11 years$107,900$96,491$86,156$76,823$68,419$40,917
12 years$97,897$86,605$76,461$67,384$59,291$33,527
13 years$89,440$78,266$68,313$59,490$51,703$27,607
14 years$82,197$71,141$61,380$52,809$45,322$22,824
15 years$75,925$64,989$55,418$47,096$39,905$18,931
16 years$70,443$59,626$50,244$42,170$35,268$15,743
17 years$65,611$54,913$45,720$37,889$31,271$13,121
18 years$61,320$50,742$41,737$34,146$27,805$10,955
19 years$57,486$47,028$38,208$30,854$24,783$9,160
20 years$54,039$43,700$35,065$27,944$22,137$7,669
21 years$50,925$40,705$32,253$25,361$19,810$6,426
22 years$48,097$37,997$29,726$23,059$17,757$5,390
23 years$45,519$35,538$27,447$21,000$15,940$4,524
24 years$43,160$33,296$25,384$19,153$14,327$3,800
25 years$40,993$31,247$23,511$17,492$12,892$3,193
26 years$38,995$29,367$21,805$15,994$11,613$2,684
27 years$37,149$27,638$20,248$14,639$10,470$2,257
28 years$35,438$26,043$18,823$13,413$9,447$1,898
29 years$33,847$24,569$17,516$12,300$8,530$1,597
30 years$32,366$23,203$16,316$11,288$7,708$1,344
31 years$30,982$21,934$15,211$10,367$6,969$1,131
32 years$29,688$20,754$14,192$9,528$6,304$952
33 years$28,475$19,654$13,251$8,762$5,705$802
34 years$27,335$18,628$12,381$8,061$5,165$675
35 years$26,263$17,668$11,575$7,421$4,678$568
36 years$25,253$16,770$10,829$6,835$4,239$479
37 years$24,300$15,927$10,135$6,297$3,842$403
38 years$23,399$15,137$9,491$5,804$3,483$340
39 years$22,546$14,394$8,892$5,352$3,158$286
40 years$21,738$13,694$8,335$4,936$2,865$241
41 years$20,971$13,036$7,815$4,554$2,599$203
42 years$20,243$12,415$7,331$4,203$2,358$171
43 years$19,551$11,829$6,879$3,880$2,140$144
44 years$18,891$11,275$6,457$3,582$1,943$121
45 years$18,263$10,752$6,063$3,309$1,764$102
46 years$17,664$10,257$5,695$3,056$1,601$86
47 years$17,093$9,788$5,350$2,823$1,454$73
48 years$16,546$9,344$5,028$2,609$1,320$61
49 years$16,024$8,923$4,726$2,411$1,199$51
50 years$15,524$8,524$4,443$2,229$1,089$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $15,900,000, adding $4,656 every year, while hoping to spend $25,315 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: 39/31/30 Blend
72$15,900,000$15,900,000$15,900,000$15,900,000
73$17,526,603$16,683,903$16,437,453$18,054,142
74$19,287,381$17,474,479$16,961,172$19,232,419
75$21,226,911$18,302,945$17,501,588$20,503,010
76$23,363,397$19,171,131$18,059,233$21,876,509
77$25,716,902$20,080,955$18,634,656$23,362,333
78$28,309,534$21,034,429$19,228,424$24,970,813
79$31,165,653$22,033,663$19,841,123$26,713,287
80$34,312,106$23,080,869$20,473,357$28,602,198
81$37,778,475$24,178,365$21,125,749$30,651,210
82$41,597,359$25,328,585$21,798,942$32,875,322
83$45,804,683$26,534,079$22,493,599$35,291,009
84$50,440,031$27,797,520$23,210,405$37,916,366
85$55,547,028$29,121,712$23,950,068$40,771,273
86$61,173,746$30,509,597$24,713,316$43,877,573
87$67,373,158$31,964,257$25,500,902$47,259,268
88$74,203,640$33,488,925$26,313,602$50,942,740
89$81,729,521$35,086,993$27,152,218$54,956,986
90$90,021,691$36,762,014$28,017,576$59,333,888
91$99,158,269$38,517,718$28,910,530$64,108,495
92$109,225,341$40,358,015$29,831,961$69,319,350
93$120,317,771$42,287,003$30,782,777$75,008,839
94$132,540,099$44,308,982$31,763,916$81,223,580
95$146,007,527$46,428,460$32,776,345$88,014,851
96$160,847,006$48,650,165$33,821,063$95,439,059
97$177,198,433$50,979,055$34,899,101$103,558,262
98$195,215,974$53,420,330$36,011,522$112,440,737
99$215,069,518$55,979,440$37,159,422$122,161,613
100$236,946,281$58,662,105$38,343,935$132,803,562