Can I retire at age 73 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$972,813
2 years$506,921$497,480$488,330$479,459$470,854$454,798
3 years$334,590$325,109$315,982$307,194$298,729$283,097
4 years$248,442$238,989$229,954$221,316$213,056$197,969
5 years$196,766$187,371$178,454$169,992$161,962$147,463
6 years$162,327$153,002$144,217$135,944$128,155$114,260
7 years$137,738$128,491$119,845$111,767$104,224$90,939
8 years$119,304$110,140$101,638$93,759$86,464$73,785
9 years$104,974$95,897$87,541$79,861$72,815$60,736
10 years$93,517$84,529$76,320$68,841$62,042$50,553
11 years$84,149$75,251$67,191$59,913$53,358$42,447
12 years$76,348$67,541$59,630$52,551$46,239$35,892
13 years$69,752$61,037$53,276$46,395$40,322$30,523
14 years$64,103$55,481$47,869$41,184$35,346$26,080
15 years$59,212$50,683$43,219$36,729$31,121$22,371
16 years$54,937$46,501$39,184$32,887$27,505$19,252
17 years$51,168$42,826$35,656$29,549$24,388$16,614
18 years$47,822$39,573$32,549$26,629$21,684$14,371
19 years$44,832$36,676$29,797$24,062$19,328$12,455
20 years$42,144$34,081$27,347$21,793$17,264$10,814
21 years$39,715$31,745$25,154$19,778$15,449$9,402
22 years$37,510$29,633$23,183$17,983$13,848$8,186
23 years$35,499$27,715$21,405$16,377$12,431$7,134
24 years$33,659$25,967$19,796$14,937$11,173$6,223
25 years$31,969$24,369$18,335$13,641$10,054$5,433
26 years$30,411$22,903$17,005$12,473$9,056$4,747
27 years$28,972$21,554$15,791$11,417$8,165$4,150
28 years$27,637$20,310$14,680$10,460$7,368$3,630
29 years$26,397$19,160$13,661$9,592$6,653$3,176
30 years$25,241$18,095$12,724$8,803$6,011$2,781
31 years$24,162$17,106$11,863$8,085$5,435$2,435
32 years$23,153$16,186$11,068$7,431$4,916$2,133
33 years$22,207$15,328$10,334$6,833$4,449$1,869
34 years$21,318$14,527$9,656$6,287$4,028$1,639
35 years$20,482$13,779$9,027$5,787$3,648$1,436
36 years$19,694$13,078$8,445$5,330$3,306$1,260
37 years$18,951$12,421$7,904$4,911$2,996$1,105
38 years$18,248$11,805$7,402$4,527$2,716$969
39 years$17,583$11,225$6,935$4,174$2,463$850
40 years$16,953$10,680$6,500$3,850$2,234$746
41 years$16,355$10,166$6,095$3,552$2,027$654
42 years$15,787$9,682$5,717$3,278$1,839$574
43 years$15,247$9,225$5,365$3,026$1,669$504
44 years$14,733$8,793$5,036$2,794$1,515$442
45 years$14,243$8,385$4,729$2,580$1,375$388
46 years$13,776$7,999$4,441$2,383$1,249$340
47 years$13,330$7,634$4,172$2,202$1,134$299
48 years$12,904$7,287$3,921$2,035$1,030$262
49 years$12,497$6,959$3,685$1,880$935$230
50 years$12,107$6,648$3,465$1,738$850$202

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $12,400,000, adding $4,132 every year, while hoping to spend $55,892 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: 78/10/12 Blend
72$12,400,000$12,400,000$12,400,000$12,400,000
73$13,669,062$13,011,862$12,819,662$14,703,841
74$15,003,838$13,589,975$13,189,652$15,963,330
75$16,472,887$14,194,542$13,570,164$17,336,842
76$18,089,848$14,826,800$13,961,490$18,841,743
77$19,869,745$15,488,046$14,363,932$20,491,124
78$21,829,136$16,179,637$14,777,801$22,299,395
79$23,986,263$16,902,995$15,203,413$24,282,429
80$26,361,231$17,659,610$15,641,096$26,457,700
81$28,976,189$18,451,044$16,091,185$28,844,454
82$31,855,545$19,278,929$16,554,025$31,463,885
83$35,026,194$20,144,981$17,029,968$34,339,337
84$38,517,774$21,050,993$17,519,380$37,496,515
85$42,362,940$21,998,844$18,022,632$40,963,735
86$46,597,678$22,990,506$18,540,109$44,772,182
87$51,261,641$24,028,041$19,072,203$48,956,207
88$56,398,525$25,113,612$19,619,318$53,553,645
89$62,056,480$26,249,484$20,181,871$58,606,173
90$68,288,563$27,438,031$20,760,286$64,159,700
91$75,153,242$28,681,740$21,355,001$70,264,797
92$82,714,944$29,983,217$21,966,465$76,977,174
93$91,044,667$31,345,192$22,595,139$84,358,199
94$100,220,644$32,770,528$23,241,497$92,475,479
95$110,329,087$34,262,221$23,906,025$101,403,495
96$121,464,999$35,823,415$24,589,222$111,224,296
97$133,733,067$37,457,401$25,291,599$122,028,279
98$147,248,656$39,167,629$26,013,684$133,915,032
99$162,138,891$40,957,715$26,756,014$146,994,276
100$178,543,863$42,831,448$27,519,146$161,386,891