Can I retire at age 73 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,271,457
2 years$662,268$649,934$637,980$626,390$615,148$594,695
3 years$437,126$424,739$412,815$401,334$390,275$370,358
4 years$324,577$312,228$300,424$289,139$278,348$259,121
5 years$257,066$244,791$233,141$222,086$211,595$193,115
6 years$212,073$199,890$188,413$177,604$167,428$149,715
7 years$179,948$167,867$156,572$146,018$136,164$119,223
8 years$155,865$143,893$132,785$122,491$112,961$96,790
9 years$137,143$125,285$114,368$104,335$95,130$79,720
10 years$122,175$110,433$99,709$89,938$81,055$66,395
11 years$109,936$98,312$87,782$78,273$69,710$55,784
12 years$99,744$88,239$77,904$68,656$60,409$47,199
13 years$91,127$79,742$69,602$60,613$52,678$40,165
14 years$83,748$72,484$62,538$53,805$46,177$34,341
15 years$77,358$66,215$56,463$47,985$40,658$29,477
16 years$71,772$60,751$51,192$42,965$35,934$25,386
17 years$66,849$55,950$46,583$38,604$31,861$21,923
18 years$62,477$51,700$42,524$34,790$28,330$18,977
19 years$58,570$47,915$38,929$31,436$25,251$16,460
20 years$55,059$44,525$35,727$28,471$22,555$14,301
21 years$51,886$41,473$32,862$25,839$20,184$12,444
22 years$49,005$38,714$30,287$23,494$18,092$10,841
23 years$46,378$36,208$27,965$21,396$16,240$9,456
24 years$43,974$33,925$25,863$19,515$14,597$8,255
25 years$41,766$31,837$23,954$17,822$13,135$7,213
26 years$39,731$29,921$22,216$16,295$11,832$6,307
27 years$37,850$28,159$20,630$14,916$10,667$5,518
28 years$36,106$26,534$19,178$13,666$9,625$4,830
29 years$34,486$25,032$17,847$12,532$8,691$4,231
30 years$32,976$23,640$16,624$11,501$7,853$3,707
31 years$31,567$22,348$15,498$10,563$7,100$3,249
32 years$30,248$21,146$14,460$9,708$6,423$2,849
33 years$29,012$20,025$13,501$8,927$5,812$2,498
34 years$27,851$18,979$12,615$8,214$5,262$2,191
35 years$26,759$18,002$11,794$7,561$4,766$1,923
36 years$25,729$17,086$11,033$6,964$4,319$1,687
37 years$24,758$16,228$10,327$6,416$3,914$1,481
38 years$23,840$15,422$9,670$5,914$3,549$1,300
39 years$22,971$14,665$9,060$5,453$3,218$1,141
40 years$22,148$13,953$8,492$5,029$2,919$1,002
41 years$21,367$13,282$7,963$4,640$2,648$880
42 years$20,625$12,649$7,469$4,282$2,403$773
43 years$19,919$12,052$7,009$3,953$2,181$679
44 years$19,248$11,488$6,579$3,650$1,979$596
45 years$18,608$10,955$6,178$3,371$1,797$524
46 years$17,998$10,451$5,802$3,114$1,631$460
47 years$17,415$9,973$5,451$2,877$1,481$404
48 years$16,858$9,521$5,122$2,658$1,345$355
49 years$16,326$9,092$4,815$2,457$1,222$312
50 years$15,817$8,685$4,527$2,271$1,110$274

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $16,200,000, adding $3,611 every year, while hoping to spend $54,110 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: 23/47/30 Blend
72$16,200,000$16,200,000$16,200,000$16,200,000
73$17,856,125$16,997,525$16,746,425$18,098,121
74$19,619,877$17,772,831$17,249,857$19,086,966
75$21,561,718$18,584,313$17,768,341$20,140,089
76$23,699,757$19,433,688$18,302,324$21,266,430
77$26,053,945$20,322,752$18,852,265$22,472,077
78$28,646,271$21,253,390$19,418,640$23,763,677
79$31,500,961$22,227,577$20,001,934$25,148,496
80$34,644,711$23,247,380$20,602,651$26,634,477
81$38,106,940$24,314,970$21,221,308$28,230,305
82$41,920,062$25,432,618$21,858,437$29,945,483
83$46,119,799$26,602,707$22,514,585$31,790,407
84$50,745,511$27,827,732$23,190,316$33,776,461
85$55,840,574$29,110,311$23,886,212$35,916,107
86$61,452,781$30,453,186$24,602,869$38,222,999
87$67,634,803$31,859,230$25,340,903$40,712,092
88$74,444,677$33,331,456$26,100,947$43,399,779
89$81,946,358$34,873,022$26,883,653$46,304,030
90$90,210,323$36,487,236$27,689,692$49,444,546
91$99,314,234$38,177,568$28,519,755$52,842,937
92$109,343,671$39,947,654$29,374,552$56,522,907
93$120,392,941$41,801,305$30,254,815$60,510,466
94$132,565,967$43,742,516$31,161,298$64,834,156
95$145,977,270$45,775,473$32,094,776$69,525,309
96$160,753,048$47,904,567$33,056,046$74,618,324
97$177,032,367$50,134,399$34,045,932$80,150,971
98$194,968,475$52,469,792$35,065,278$86,164,733
99$214,730,249$54,915,801$36,114,954$92,705,176
100$236,503,786$57,477,727$37,195,856$99,822,359