Can I retire at age 73 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,289,168
2 years$674,532$661,969$649,794$637,990$626,540$599,892
3 years$445,221$432,604$420,460$408,766$397,502$371,604
4 years$330,588$318,010$305,987$294,493$283,502$258,552
5 years$261,826$249,324$237,459$226,199$215,514$191,583
6 years$216,000$203,592$191,902$180,893$170,529$147,643
7 years$183,280$170,976$159,471$148,722$138,686$116,850
8 years$158,751$146,558$135,244$124,759$115,053$94,261
9 years$139,683$127,605$116,486$106,267$96,891$77,129
10 years$124,437$112,478$101,555$91,603$82,556$63,805
11 years$111,972$100,132$89,407$79,722$71,001$53,238
12 years$101,592$89,873$79,347$69,927$61,528$44,726
13 years$92,815$81,219$70,891$61,735$53,654$37,785
14 years$85,299$73,826$63,696$54,802$47,032$32,067
15 years$78,790$67,441$57,509$48,873$41,411$27,318
16 years$73,101$61,876$52,140$43,761$36,599$23,345
17 years$68,087$56,986$47,446$39,319$32,451$20,002
18 years$63,634$52,657$43,312$35,434$28,854$17,176
19 years$59,655$48,802$39,650$32,018$25,718$14,778
20 years$56,078$45,349$36,389$28,998$22,972$12,734
21 years$52,846$42,241$33,470$26,318$20,558$10,988
22 years$49,912$39,431$30,848$23,929$18,427$9,493
23 years$47,237$36,879$28,483$21,793$16,541$8,209
24 years$44,789$34,553$26,342$19,876$14,867$7,105
25 years$42,540$32,426$24,398$18,152$13,378$6,154
26 years$40,467$30,475$22,628$16,597$12,051$5,334
27 years$38,551$28,681$21,012$15,192$10,865$4,626
28 years$36,775$27,026$19,533$13,919$9,804$4,013
29 years$35,124$25,496$18,177$12,764$8,852$3,484
30 years$33,587$24,078$16,932$11,714$7,999$3,025
31 years$32,151$22,762$15,785$10,759$7,232$2,627
32 years$30,808$21,537$14,727$9,887$6,541$2,282
33 years$29,549$20,396$13,751$9,092$5,920$1,983
34 years$28,367$19,331$12,848$8,366$5,360$1,724
35 years$27,254$18,335$12,012$7,701$4,855$1,499
36 years$26,206$17,403$11,237$7,092$4,399$1,303
37 years$25,216$16,529$10,518$6,535$3,987$1,133
38 years$24,281$15,708$9,849$6,023$3,614$985
39 years$23,397$14,937$9,228$5,554$3,277$857
40 years$22,558$14,211$8,649$5,123$2,973$745
41 years$21,763$13,528$8,110$4,726$2,697$648
42 years$21,007$12,883$7,608$4,362$2,447$564
43 years$20,288$12,275$7,139$4,026$2,221$491
44 years$19,604$11,701$6,701$3,718$2,016$427
45 years$18,953$11,158$6,292$3,433$1,830$371
46 years$18,331$10,644$5,910$3,171$1,662$323
47 years$17,738$10,158$5,552$2,930$1,509$281
48 years$17,171$9,697$5,217$2,707$1,370$245
49 years$16,629$9,260$4,904$2,502$1,245$213
50 years$16,110$8,846$4,610$2,313$1,130$185

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $16,500,000, adding $3,767 every year, while hoping to spend $31,242 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: 76/12/12 Blend
72$16,500,000$16,500,000$16,500,000$16,500,000
73$18,186,886$17,312,386$17,056,636$19,526,188
74$20,008,707$18,127,451$17,594,792$21,224,588
75$22,015,306$18,981,408$18,149,929$23,081,591
76$24,225,499$19,876,129$18,722,583$25,116,414
77$26,660,018$20,813,576$19,313,307$27,346,737
78$29,341,708$21,795,810$19,922,671$29,792,023
79$32,295,745$22,824,987$20,551,263$32,473,703
80$35,549,871$23,903,372$21,199,691$35,415,370
81$39,134,657$25,033,336$21,868,579$38,643,006
82$43,083,790$26,217,367$22,558,575$42,185,216
83$47,434,392$27,458,074$23,270,343$46,073,504
84$52,227,372$28,758,192$24,004,571$50,342,559
85$57,507,807$30,120,587$24,761,968$55,030,585
86$63,325,375$31,548,267$25,543,265$60,179,656
87$69,734,815$33,044,384$26,349,216$65,836,108
88$76,796,451$34,612,243$27,180,600$72,050,976
89$84,576,757$36,255,311$28,038,218$78,880,471
90$93,148,987$37,977,223$28,922,899$86,386,503
91$102,593,865$39,781,788$29,835,498$94,637,267
92$113,000,346$41,673,002$30,776,894$103,707,876
93$124,466,459$43,655,056$31,747,997$113,681,072
94$137,100,227$45,732,344$32,749,744$124,647,996
95$151,020,693$47,909,471$33,783,103$136,709,049
96$166,359,037$50,191,269$34,849,071$149,974,829
97$183,259,822$52,582,804$35,948,678$164,567,175
98$201,882,349$55,089,387$37,082,984$180,620,306
99$222,402,170$57,716,589$38,253,086$198,282,087
100$245,012,739$60,470,249$39,460,112$217,715,416