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%15.7%
1 years$999,207$990,306$981,623$973,147$964,871$942,311
2 years$494,657$485,444$476,516$467,859$459,462$436,862
3 years$326,495$317,243$308,337$299,762$291,502$269,567
4 years$242,431$233,207$224,391$215,962$207,902$186,801
5 years$192,006$182,837$174,136$165,879$158,043$137,836
6 years$158,400$149,300$140,728$132,655$125,054$105,762
7 years$134,405$125,382$116,946$109,063$101,703$83,327
8 years$116,417$107,476$99,179$91,490$84,372$66,906
9 years$102,434$93,577$85,423$77,929$71,054$54,484
10 years$91,254$82,484$74,474$67,176$60,541$44,849
11 years$82,113$73,430$65,565$58,463$52,067$37,232
12 years$74,500$65,907$58,188$51,280$45,121$31,117
13 years$68,064$59,561$51,987$45,273$39,346$26,148
14 years$62,552$54,139$46,710$40,188$34,490$22,071
15 years$57,780$49,457$42,173$35,841$30,368$18,697
16 years$53,608$45,376$38,236$32,091$26,839$15,888
17 years$49,930$41,789$34,793$28,834$23,798$13,535
18 years$46,665$38,615$31,762$25,985$21,160$11,555
19 years$43,747$35,788$29,077$23,480$18,860$9,882
20 years$41,124$33,256$26,685$21,265$16,846$8,464
21 years$38,754$30,977$24,545$19,300$15,076$7,259
22 years$36,602$28,916$22,622$17,548$13,513$6,233
23 years$34,641$27,044$20,887$15,981$12,130$5,356
24 years$32,845$25,339$19,317$14,576$10,903$4,607
25 years$31,196$23,779$17,892$13,311$9,811$3,965
26 years$29,676$22,349$16,594$12,171$8,837$3,415
27 years$28,271$21,033$15,409$11,141$7,968$2,942
28 years$26,968$19,819$14,324$10,207$7,189$2,536
29 years$25,758$18,697$13,330$9,360$6,492$2,187
30 years$24,630$17,657$12,416$8,590$5,866$1,886
31 years$23,578$16,692$11,576$7,890$5,303$1,627
32 years$22,593$15,794$10,800$7,251$4,797$1,405
33 years$21,669$14,957$10,084$6,668$4,341$1,212
34 years$20,802$14,176$9,422$6,135$3,931$1,047
35 years$19,986$13,446$8,809$5,647$3,560$904
36 years$19,218$12,762$8,241$5,201$3,226$781
37 years$18,492$12,121$7,713$4,792$2,924$674
38 years$17,806$11,519$7,223$4,417$2,650$582
39 years$17,158$10,954$6,767$4,073$2,403$503
40 years$16,543$10,421$6,343$3,757$2,180$435
41 years$15,959$9,920$5,948$3,466$1,978$375
42 years$15,405$9,448$5,579$3,199$1,795$324
43 years$14,878$9,002$5,235$2,953$1,629$280
44 years$14,377$8,581$4,914$2,726$1,478$242
45 years$13,899$8,182$4,614$2,518$1,342$209
46 years$13,443$7,806$4,334$2,326$1,219$181
47 years$13,008$7,449$4,071$2,149$1,107$156
48 years$12,592$7,111$3,826$1,985$1,005$135
49 years$12,194$6,791$3,596$1,835$913$117
50 years$11,814$6,487$3,381$1,696$829$101

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 $4,995 every year, while hoping to spend $38,946 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: 33/37/30 Blend
72$12,100,000$12,100,000$12,100,000$12,100,000
73$13,339,352$12,698,052$12,510,502$13,658,047
74$14,658,528$13,278,819$12,888,166$14,483,167
75$16,110,954$13,886,737$13,277,176$15,368,001
76$17,710,182$14,523,097$13,677,871$16,320,885
77$19,471,141$15,189,250$14,090,601$17,347,882
78$21,410,287$15,886,612$14,515,725$18,455,637
79$23,545,747$16,616,667$14,953,613$19,651,433
80$25,897,499$17,380,970$15,404,645$20,943,258
81$28,487,559$18,181,152$15,869,215$22,339,870
82$31,340,182$19,018,921$16,347,727$23,850,882
83$34,482,101$19,896,068$16,840,595$25,486,836
84$37,942,769$20,814,470$17,348,249$27,259,307
85$41,754,646$21,776,093$17,871,130$29,180,998
86$45,953,498$22,783,000$18,409,691$31,265,857
87$50,578,739$23,837,351$18,964,400$33,529,202
88$55,673,801$24,941,412$19,535,738$35,987,856
89$61,286,545$26,097,557$20,124,201$38,660,299
90$67,469,709$27,308,275$20,730,299$41,566,833
91$74,281,413$28,576,174$21,354,558$44,729,771
92$81,785,699$29,903,988$21,997,517$48,173,631
93$90,053,141$31,294,584$22,659,735$51,925,362
94$99,161,509$32,750,966$23,341,783$56,014,592
95$109,196,503$34,276,284$24,044,254$60,473,890
96$120,252,564$35,873,839$24,767,753$65,339,072
97$132,433,760$37,547,091$25,512,907$70,649,520
98$145,854,774$39,299,669$26,280,360$76,448,548
99$160,641,983$41,135,376$27,070,775$82,783,795
100$176,934,654$43,058,198$27,884,835$89,707,667