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

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 $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%13.6%
1 years$999,207$990,306$981,623$973,147$964,871$950,452
2 years$494,657$485,444$476,516$467,859$459,462$444,968
3 years$326,495$317,243$308,337$299,762$291,502$277,383
4 years$242,431$233,207$224,391$215,962$207,902$194,267
5 years$192,006$182,837$174,136$165,879$158,043$144,933
6 years$158,400$149,300$140,728$132,655$125,054$112,483
7 years$134,405$125,382$116,946$109,063$101,703$89,674
8 years$116,417$107,476$99,179$91,490$84,372$72,885
9 years$102,434$93,577$85,423$77,929$71,054$60,102
10 years$91,254$82,484$74,474$67,176$60,541$50,117
11 years$82,113$73,430$65,565$58,463$52,067$42,160
12 years$74,500$65,907$58,188$51,280$45,121$35,718
13 years$68,064$59,561$51,987$45,273$39,346$30,435
14 years$62,552$54,139$46,710$40,188$34,490$26,057
15 years$57,780$49,457$42,173$35,841$30,368$22,397
16 years$53,608$45,376$38,236$32,091$26,839$19,315
17 years$49,930$41,789$34,793$28,834$23,798$16,704
18 years$46,665$38,615$31,762$25,985$21,160$14,480
19 years$43,747$35,788$29,077$23,480$18,860$12,578
20 years$41,124$33,256$26,685$21,265$16,846$10,945
21 years$38,754$30,977$24,545$19,300$15,076$9,538
22 years$36,602$28,916$22,622$17,548$13,513$8,322
23 years$34,641$27,044$20,887$15,981$12,130$7,270
24 years$32,845$25,339$19,317$14,576$10,903$6,357
25 years$31,196$23,779$17,892$13,311$9,811$5,563
26 years$29,676$22,349$16,594$12,171$8,837$4,872
27 years$28,271$21,033$15,409$11,141$7,968$4,269
28 years$26,968$19,819$14,324$10,207$7,189$3,743
29 years$25,758$18,697$13,330$9,360$6,492$3,284
30 years$24,630$17,657$12,416$8,590$5,866$2,882
31 years$23,578$16,692$11,576$7,890$5,303$2,530
32 years$22,593$15,794$10,800$7,251$4,797$2,222
33 years$21,669$14,957$10,084$6,668$4,341$1,952
34 years$20,802$14,176$9,422$6,135$3,931$1,715
35 years$19,986$13,446$8,809$5,647$3,560$1,508
36 years$19,218$12,762$8,241$5,201$3,226$1,325
37 years$18,492$12,121$7,713$4,792$2,924$1,165
38 years$17,806$11,519$7,223$4,417$2,650$1,025
39 years$17,158$10,954$6,767$4,073$2,403$901
40 years$16,543$10,421$6,343$3,757$2,180$792
41 years$15,959$9,920$5,948$3,466$1,978$697
42 years$15,405$9,448$5,579$3,199$1,795$613
43 years$14,878$9,002$5,235$2,953$1,629$540
44 years$14,377$8,581$4,914$2,726$1,478$475
45 years$13,899$8,182$4,614$2,518$1,342$418
46 years$13,443$7,806$4,334$2,326$1,219$368
47 years$13,008$7,449$4,071$2,149$1,107$323
48 years$12,592$7,111$3,826$1,985$1,005$285
49 years$12,194$6,791$3,596$1,835$913$250
50 years$11,814$6,487$3,381$1,696$829$220

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 $5,020 every year, while hoping to spend $40,567 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: 47/43/10 Blend
72$12,100,000$12,100,000$12,100,000$12,100,000
73$13,339,378$12,698,078$12,510,528$13,929,308
74$14,656,832$13,277,121$12,886,468$14,915,210
75$16,107,306$13,883,177$13,273,642$15,979,955
76$17,704,326$14,517,528$13,672,384$17,134,564
77$19,462,796$15,181,515$14,083,037$18,387,396
78$21,399,137$15,876,545$14,505,955$19,747,629
79$23,531,446$16,604,093$14,941,501$21,225,337
80$25,879,662$17,365,703$15,390,051$22,831,584
81$28,465,759$18,162,994$15,851,989$24,578,521
82$31,313,949$18,997,662$16,327,713$26,479,494
83$34,450,911$19,871,488$16,817,631$28,549,168
84$37,906,047$20,786,333$17,322,163$30,803,653
85$41,711,752$21,744,151$17,841,744$33,260,656
86$45,903,726$22,746,990$18,376,818$35,939,637
87$50,521,309$23,796,996$18,927,845$38,861,985
88$55,607,851$24,896,417$19,495,296$42,051,218
89$61,211,121$26,047,611$20,079,658$45,533,190
90$67,383,760$27,253,049$20,681,431$49,336,333
91$74,183,775$28,515,319$21,301,130$53,491,913
92$81,675,088$29,837,137$21,939,286$58,034,316
93$89,928,138$31,221,349$22,596,443$63,001,366
94$99,020,549$32,670,935$23,273,165$68,434,671
95$109,037,857$34,189,024$23,970,028$74,380,004
96$120,074,323$35,778,890$24,687,629$80,887,725
97$132,233,819$37,443,971$25,426,579$88,013,247
98$145,630,809$39,187,865$26,187,509$95,817,545
99$160,391,429$41,014,349$26,971,069$104,367,721
100$176,654,680$42,927,377$27,777,925$113,737,621