Can I retire at age 73 with 12,100,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$999,207$990,306$981,623$973,147$964,871$945,776
2 years$494,657$485,444$476,516$467,859$459,462$440,306
3 years$326,495$317,243$308,337$299,762$291,502$272,880
4 years$242,431$233,207$224,391$215,962$207,902$189,959
5 years$192,006$182,837$174,136$165,879$158,043$140,830
6 years$158,400$149,300$140,728$132,655$125,054$108,589
7 years$134,405$125,382$116,946$109,063$101,703$85,990
8 years$116,417$107,476$99,179$91,490$84,372$69,407
9 years$102,434$93,577$85,423$77,929$71,054$56,827
10 years$91,254$82,484$74,474$67,176$60,541$47,039
11 years$82,113$73,430$65,565$58,463$52,067$39,273
12 years$74,500$65,907$58,188$51,280$45,121$33,016
13 years$68,064$59,561$51,987$45,273$39,346$27,911
14 years$62,552$54,139$46,710$40,188$34,490$23,703
15 years$57,780$49,457$42,173$35,841$30,368$20,206
16 years$53,608$45,376$38,236$32,091$26,839$17,280
17 years$49,930$41,789$34,793$28,834$23,798$14,816
18 years$46,665$38,615$31,762$25,985$21,160$12,732
19 years$43,747$35,788$29,077$23,480$18,860$10,962
20 years$41,124$33,256$26,685$21,265$16,846$9,454
21 years$38,754$30,977$24,545$19,300$15,076$8,164
22 years$36,602$28,916$22,622$17,548$13,513$7,058
23 years$34,641$27,044$20,887$15,981$12,130$6,109
24 years$32,845$25,339$19,317$14,576$10,903$5,291
25 years$31,196$23,779$17,892$13,311$9,811$4,587
26 years$29,676$22,349$16,594$12,171$8,837$3,979
27 years$28,271$21,033$15,409$11,141$7,968$3,453
28 years$26,968$19,819$14,324$10,207$7,189$2,998
29 years$25,758$18,697$13,330$9,360$6,492$2,605
30 years$24,630$17,657$12,416$8,590$5,866$2,263
31 years$23,578$16,692$11,576$7,890$5,303$1,967
32 years$22,593$15,794$10,800$7,251$4,797$1,711
33 years$21,669$14,957$10,084$6,668$4,341$1,488
34 years$20,802$14,176$9,422$6,135$3,931$1,294
35 years$19,986$13,446$8,809$5,647$3,560$1,126
36 years$19,218$12,762$8,241$5,201$3,226$980
37 years$18,492$12,121$7,713$4,792$2,924$853
38 years$17,806$11,519$7,223$4,417$2,650$742
39 years$17,158$10,954$6,767$4,073$2,403$646
40 years$16,543$10,421$6,343$3,757$2,180$562
41 years$15,959$9,920$5,948$3,466$1,978$490
42 years$15,405$9,448$5,579$3,199$1,795$426
43 years$14,878$9,002$5,235$2,953$1,629$371
44 years$14,377$8,581$4,914$2,726$1,478$323
45 years$13,899$8,182$4,614$2,518$1,342$282
46 years$13,443$7,806$4,334$2,326$1,219$245
47 years$13,008$7,449$4,071$2,149$1,107$214
48 years$12,592$7,111$3,826$1,985$1,005$186
49 years$12,194$6,791$3,596$1,835$913$162
50 years$11,814$6,487$3,381$1,696$829$141

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $12,100,000, adding $5,356 every year, while hoping to spend $43,267 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: 40/44/16 Blend
72$12,100,000$12,100,000$12,100,000$12,100,000
73$13,339,725$12,698,425$12,510,875$13,809,660
74$14,654,341$13,274,612$12,883,953$14,720,271
75$16,101,598$13,877,582$13,268,080$15,700,146
76$17,694,979$14,508,602$13,663,579$16,759,263
77$19,449,342$15,168,999$14,070,784$17,904,839
78$21,381,059$15,860,163$14,490,039$19,144,790
79$23,508,169$16,583,554$14,921,698$20,487,798
80$25,850,551$17,340,697$15,366,123$21,943,392
81$28,430,110$18,133,193$15,823,691$23,522,028
82$31,270,981$18,962,720$16,294,785$25,235,183
83$34,399,763$19,831,035$16,779,802$27,095,458
84$37,845,764$20,739,980$17,279,150$29,116,690
85$41,641,280$21,691,487$17,793,249$31,314,075
86$45,821,898$22,687,578$18,322,531$33,704,308
87$50,426,835$23,730,373$18,867,439$36,305,725
88$55,499,306$24,822,094$19,428,432$39,138,478
89$61,086,930$25,965,072$20,005,980$42,224,710
90$67,242,183$27,161,746$20,600,566$45,588,760
91$74,022,890$28,414,676$21,212,689$49,257,380
92$81,492,772$29,726,542$21,842,861$53,259,980
93$89,722,047$31,100,156$22,491,610$57,628,899
94$98,788,095$32,538,462$23,159,477$62,399,693
95$108,776,183$34,044,549$23,847,022$67,611,467
96$119,780,274$35,621,653$24,554,819$73,307,228
97$131,903,914$37,273,166$25,283,457$79,534,283
98$145,261,206$39,002,644$26,033,545$86,344,670
99$159,977,889$40,813,813$26,805,709$93,795,639
100$176,192,525$42,710,582$27,600,592$101,950,178