Can I retire at age 73 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,270,992
2 years$670,444$657,958$645,856$634,123$622,742$585,981
3 years$442,523$429,982$417,912$406,289$395,093$359,488
4 years$328,585$316,083$304,133$292,708$281,784$247,609
5 years$260,239$247,813$236,019$224,828$214,208$181,556
6 years$214,691$202,358$190,739$179,797$169,495$138,397
7 years$182,169$169,940$158,505$147,821$137,845$108,301
8 years$157,789$145,670$134,425$124,003$114,356$86,350
9 years$138,836$126,832$115,780$105,623$96,304$69,810
10 years$123,683$111,796$100,940$91,048$82,056$57,038
11 years$111,293$99,525$88,866$79,239$70,571$46,988
12 years$100,976$89,329$78,866$69,503$61,155$38,963
13 years$92,252$80,727$70,462$61,361$53,328$32,478
14 years$84,782$73,379$63,310$54,470$46,747$27,189
15 years$78,313$67,033$57,160$48,577$41,160$22,840
16 years$72,658$61,501$51,824$43,496$36,377$19,242
17 years$67,674$56,640$47,158$39,081$32,255$16,250
18 years$63,249$52,338$43,049$35,219$28,679$13,750
19 years$59,294$48,506$39,409$31,824$25,563$11,655
20 years$55,738$45,075$36,168$28,823$22,833$9,892
21 years$52,526$41,985$33,268$26,158$20,433$8,406
22 years$49,610$39,192$30,661$23,784$18,315$7,150
23 years$46,951$36,655$28,310$21,660$16,441$6,087
24 years$44,517$34,343$26,182$19,756$14,777$5,186
25 years$42,282$32,230$24,250$18,042$13,297$4,421
26 years$40,222$30,291$22,491$16,497$11,978$3,771
27 years$38,317$28,507$20,885$15,100$10,799$3,217
28 years$36,552$26,862$19,415$13,835$9,744$2,746
29 years$34,912$25,341$18,067$12,687$8,799$2,345
30 years$33,383$23,932$16,829$11,643$7,950$2,003
31 years$31,956$22,624$15,689$10,693$7,188$1,711
32 years$30,621$21,407$14,638$9,827$6,502$1,462
33 years$29,370$20,273$13,668$9,037$5,884$1,249
34 years$28,195$19,214$12,770$8,315$5,327$1,068
35 years$27,089$18,224$11,939$7,654$4,825$913
36 years$26,047$17,297$11,169$7,049$4,372$780
37 years$25,064$16,428$10,454$6,495$3,962$667
38 years$24,134$15,613$9,790$5,987$3,592$570
39 years$23,255$14,846$9,172$5,520$3,258$488
40 years$22,421$14,125$8,597$5,091$2,955$417
41 years$21,631$13,446$8,061$4,698$2,681$357
42 years$20,880$12,805$7,562$4,335$2,432$305
43 years$20,165$12,201$7,096$4,002$2,208$261
44 years$19,486$11,630$6,660$3,695$2,004$223
45 years$18,838$11,090$6,254$3,413$1,819$191
46 years$18,220$10,580$5,874$3,152$1,652$163
47 years$17,630$10,096$5,518$2,912$1,500$140
48 years$17,067$9,638$5,186$2,691$1,362$119
49 years$16,528$9,204$4,874$2,487$1,237$102
50 years$16,012$8,792$4,582$2,299$1,124$87

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $16,400,000, adding $6,179 every year, while hoping to spend $42,955 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: 77/18/5 Blend
72$16,400,000$16,400,000$16,400,000$16,400,000
73$18,079,174$17,209,974$16,955,774$19,466,111
74$19,877,546$18,007,559$17,478,088$21,174,329
75$21,857,912$18,842,785$18,016,461$23,040,405
76$24,038,790$19,717,453$18,571,384$25,084,931
77$26,440,587$20,633,448$19,143,365$27,325,602
78$29,085,786$21,592,747$19,732,927$29,781,901
79$31,999,166$22,597,422$20,340,610$32,475,270
80$35,208,030$23,649,644$20,966,969$35,429,317
81$38,742,463$24,751,691$21,612,577$38,670,030
82$42,635,621$25,905,950$22,278,025$42,226,023
83$46,924,035$27,114,922$22,963,919$46,128,800
84$51,647,964$28,381,231$23,670,888$50,413,049
85$56,851,770$29,707,625$24,399,577$55,116,967
86$62,584,340$31,096,989$25,150,652$60,282,613
87$68,899,544$32,552,342$25,924,800$65,956,306
88$75,856,743$34,076,852$26,722,727$72,189,051
89$83,521,355$35,673,842$27,545,162$79,037,021
90$91,965,464$37,346,791$28,392,856$86,562,080
91$101,268,508$39,099,350$29,266,583$94,832,364
92$111,518,023$40,935,346$30,167,140$103,922,913
93$122,810,472$42,858,789$31,095,351$113,916,382
94$135,252,157$44,873,886$32,052,061$124,903,809
95$148,960,216$46,985,045$33,038,144$136,985,469
96$164,063,735$49,196,890$34,054,500$150,271,816
97$180,704,966$51,514,267$35,102,055$164,884,519
98$199,040,664$53,942,258$36,181,766$180,957,601
99$219,243,572$56,486,189$37,294,616$198,638,698
100$241,504,052$59,151,647$38,441,620$218,090,447