Can I retire at age 73 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,283,391
2 years$678,620$665,981$653,733$641,856$630,337$590,065
3 years$447,919$435,226$423,008$411,244$399,912$360,947
4 years$332,592$319,937$307,842$296,278$285,220$247,861
5 years$263,413$250,835$238,898$227,570$216,820$181,168
6 years$217,309$204,825$193,065$181,989$171,562$137,648
7 years$184,391$172,012$160,438$149,624$139,526$107,349
8 years$159,713$147,446$136,064$125,515$115,750$85,289
9 years$140,529$128,378$117,192$106,911$97,479$68,701
10 years$125,192$113,159$102,171$92,159$83,057$55,921
11 years$112,651$100,739$89,949$80,206$71,431$45,891
12 years$102,207$90,418$79,828$70,351$61,901$37,903
13 years$93,377$81,711$71,321$62,109$53,979$31,467
14 years$85,816$74,273$64,082$55,134$47,318$26,233
15 years$79,268$67,850$57,857$49,170$41,662$21,944
16 years$73,544$62,251$52,456$44,026$36,821$18,408
17 years$68,499$57,331$47,733$39,557$32,648$15,477
18 years$64,020$52,976$43,574$35,649$29,029$13,038
19 years$60,017$49,098$39,890$32,212$25,874$11,001
20 years$56,418$45,624$36,609$29,174$23,111$9,295
21 years$53,167$42,497$33,673$26,477$20,682$7,862
22 years$50,215$39,670$31,035$24,074$18,539$6,657
23 years$47,523$37,102$28,656$21,925$16,641$5,640
24 years$45,060$34,762$26,501$19,996$14,958$4,782
25 years$42,797$32,623$24,546$18,262$13,460$4,057
26 years$40,712$30,660$22,765$16,698$12,124$3,444
27 years$38,785$28,855$21,139$15,284$10,931$2,924
28 years$36,998$27,190$19,652$14,003$9,863$2,484
29 years$35,337$25,650$18,288$12,841$8,906$2,110
30 years$33,790$24,224$17,034$11,785$8,047$1,794
31 years$32,346$22,900$15,880$10,824$7,275$1,525
32 years$30,995$21,668$14,817$9,947$6,581$1,296
33 years$29,728$20,520$13,834$9,147$5,956$1,102
34 years$28,538$19,448$12,926$8,416$5,392$937
35 years$27,419$18,446$12,085$7,748$4,884$797
36 years$26,365$17,508$11,305$7,135$4,425$678
37 years$25,369$16,629$10,582$6,574$4,011$577
38 years$24,429$15,803$9,909$6,060$3,636$491
39 years$23,538$15,027$9,284$5,587$3,297$418
40 years$22,695$14,297$8,702$5,154$2,991$355
41 years$21,894$13,610$8,159$4,755$2,713$302
42 years$21,134$12,961$7,654$4,388$2,462$257
43 years$20,411$12,350$7,182$4,051$2,234$219
44 years$19,723$11,772$6,742$3,740$2,028$186
45 years$19,067$11,225$6,330$3,454$1,841$158
46 years$18,442$10,709$5,945$3,191$1,672$135
47 years$17,845$10,219$5,586$2,948$1,518$115
48 years$17,275$9,756$5,249$2,724$1,379$98
49 years$16,729$9,316$4,934$2,517$1,252$83
50 years$16,207$8,899$4,638$2,327$1,137$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $16,600,000, adding $4,135 every year, while hoping to spend $55,720 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: 61/32/7 Blend
72$16,600,000$16,600,000$16,600,000$16,600,000
73$18,297,465$17,417,665$17,160,365$19,387,808
74$20,104,521$18,211,845$17,675,952$20,911,537
75$22,094,029$19,043,072$18,206,943$22,566,515
76$24,284,541$19,913,104$18,753,796$24,370,790
77$26,696,497$20,823,779$19,316,982$26,338,754
78$29,352,424$21,777,028$19,896,985$28,486,232
79$32,277,141$22,774,872$20,494,303$30,830,625
80$35,497,998$23,819,430$21,109,452$33,391,064
81$39,045,134$24,912,922$21,742,958$36,188,595
82$42,951,757$26,057,674$22,395,366$39,246,360
83$47,254,462$27,256,126$23,067,237$42,589,819
84$51,993,574$28,510,834$23,759,146$46,246,979
85$57,213,529$29,824,475$24,471,688$50,248,654
86$62,963,293$31,199,858$25,205,474$54,628,745
87$69,296,823$32,639,925$25,961,131$59,424,558
88$76,273,578$34,147,761$26,739,309$64,677,144
89$83,959,080$35,726,598$27,540,672$70,431,682
90$92,425,528$37,379,824$28,365,907$76,737,894
91$101,752,488$39,110,991$29,215,721$83,650,506
92$112,027,633$40,923,821$30,090,839$91,229,759
93$123,347,579$42,822,216$30,992,010$99,541,964
94$135,818,794$44,810,265$31,920,003$108,660,118
95$149,558,599$46,892,257$32,875,612$118,664,585
96$164,696,283$49,072,685$33,859,652$129,643,843
97$181,374,316$51,356,258$34,872,962$141,695,305
98$199,749,697$53,747,916$35,916,407$154,926,229
99$219,995,436$56,252,834$36,990,877$169,454,718
100$242,302,186$58,876,437$38,097,286$185,410,821