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

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,244,514
2 years$654,092$641,910$630,104$618,657$607,554$576,164
3 years$431,730$419,495$407,719$396,379$385,457$355,007
4 years$320,570$308,373$296,715$285,569$274,911$245,636
5 years$253,892$241,768$230,263$219,344$208,983$180,964
6 years$209,455$197,422$186,087$175,411$165,361$138,626
7 years$177,726$165,795$154,639$144,215$134,483$109,035
8 years$153,940$142,117$131,146$120,979$111,567$87,395
9 years$135,450$123,738$112,956$103,047$93,955$71,040
10 years$120,667$109,069$98,478$88,828$80,054$58,369
11 years$108,579$97,098$86,698$77,307$68,850$48,363
12 years$98,513$87,150$76,942$67,808$59,664$40,341
13 years$90,002$78,758$68,743$59,865$52,028$33,831
14 years$82,714$71,589$61,766$53,141$45,607$28,497
15 years$76,403$65,398$55,766$47,392$40,156$24,091
16 years$70,886$60,001$50,560$42,435$35,490$20,427
17 years$66,023$55,259$46,008$38,127$31,468$17,364
18 years$61,706$51,062$41,999$34,360$27,980$14,791
19 years$57,847$47,323$38,448$31,048$24,939$12,621
20 years$54,379$43,975$35,286$28,120$22,276$10,786
21 years$51,245$40,961$32,456$25,520$19,935$9,230
22 years$48,400$38,236$29,913$23,204$17,869$7,906
23 years$45,806$35,761$27,620$21,132$16,040$6,778
24 years$43,431$33,506$25,544$19,274$14,417$5,816
25 years$41,250$31,444$23,659$17,602$12,973$4,994
26 years$39,241$29,552$21,942$16,094$11,686$4,290
27 years$37,383$27,812$20,375$14,731$10,536$3,687
28 years$35,661$26,207$18,941$13,497$9,506$3,171
29 years$34,060$24,723$17,627$12,377$8,584$2,727
30 years$32,569$23,348$16,418$11,359$7,756$2,347
31 years$31,177$22,072$15,306$10,433$7,012$2,020
32 years$29,875$20,885$14,281$9,588$6,343$1,739
33 years$28,654$19,778$13,334$8,817$5,741$1,497
34 years$27,507$18,745$12,459$8,112$5,197$1,289
35 years$26,428$17,779$11,648$7,468$4,708$1,110
36 years$25,412$16,875$10,897$6,878$4,265$957
37 years$24,452$16,028$10,199$6,337$3,866$824
38 years$23,546$15,232$9,551$5,841$3,505$710
39 years$22,688$14,484$8,948$5,385$3,178$612
40 years$21,875$13,780$8,387$4,967$2,883$527
41 years$21,103$13,118$7,864$4,583$2,615$454
42 years$20,370$12,493$7,377$4,230$2,373$392
43 years$19,674$11,903$6,922$3,904$2,154$337
44 years$19,010$11,346$6,498$3,605$1,955$291
45 years$18,378$10,820$6,101$3,329$1,775$251
46 years$17,776$10,322$5,731$3,075$1,611$216
47 years$17,200$9,850$5,384$2,841$1,463$186
48 years$16,650$9,403$5,059$2,625$1,329$161
49 years$16,125$8,979$4,755$2,426$1,207$138
50 years$15,622$8,577$4,471$2,243$1,096$119

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $16,000,000, adding $2,285 every year, while hoping to spend $21,339 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: 81/10/9 Blend
72$16,000,000$16,000,000$16,000,000$16,000,000
73$17,634,357$16,786,357$16,538,357$19,039,770
74$19,410,357$17,586,184$17,069,687$20,760,656
75$21,366,794$18,424,487$17,618,102$22,646,024
76$23,522,049$19,303,130$18,184,151$24,714,736
77$25,896,380$20,224,065$18,768,402$26,985,130
78$28,512,107$21,189,340$19,371,440$29,477,400
79$31,393,829$22,201,105$19,993,870$32,213,786
80$34,568,651$23,261,611$20,636,317$35,218,776
81$38,066,444$24,373,220$21,299,424$38,519,340
82$41,920,123$25,538,410$21,983,856$42,145,182
83$46,165,961$26,759,777$22,690,301$46,129,016
84$50,843,929$28,040,046$23,419,465$50,506,873
85$55,998,074$29,382,073$24,172,082$55,318,438
86$61,676,936$30,788,853$24,948,905$60,607,422
87$67,934,004$32,263,528$25,750,714$66,421,974
88$74,828,223$33,809,391$26,578,314$72,815,129
89$82,424,549$35,429,898$27,432,534$79,845,307
90$90,794,560$37,128,670$28,314,231$87,576,862
91$100,017,138$38,909,508$29,224,291$96,080,685
92$110,179,207$40,776,395$30,163,626$105,434,870
93$121,376,558$42,733,510$31,133,179$115,725,446
94$133,714,749$44,785,234$32,133,922$127,047,189
95$147,310,105$46,936,162$33,166,861$139,504,508
96$162,290,816$49,191,115$34,233,031$153,212,429
97$178,798,145$51,555,145$35,333,503$168,297,676
98$196,987,762$54,033,553$36,469,381$184,899,862
99$217,031,214$56,631,897$37,641,806$203,172,804
100$239,117,545$59,356,008$38,851,954$223,285,967