Can I retire at age 73 with 12,500,000?

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$962,167
2 years$511,009$501,492$492,268$483,326$474,651$440,150
3 years$337,289$327,731$318,530$309,671$301,138$267,819
4 years$250,446$240,917$231,808$223,101$214,774$182,893
5 years$198,353$188,882$179,893$171,363$163,268$132,908
6 years$163,636$154,236$145,380$137,040$129,188$100,374
7 years$138,848$129,527$120,812$112,668$105,065$77,790
8 years$120,266$111,029$102,458$94,515$87,161$61,404
9 years$105,820$96,670$88,247$80,506$73,402$49,130
10 years$94,271$85,210$76,936$69,397$62,543$39,715
11 years$84,827$75,858$67,733$60,396$53,789$32,361
12 years$76,963$68,086$60,111$52,975$46,612$26,533
13 years$70,314$61,530$53,705$46,769$40,647$21,864
14 years$64,620$55,929$48,255$41,516$35,631$18,088
15 years$59,690$51,092$43,567$37,025$31,372$15,013
16 years$55,380$46,876$39,500$33,152$27,727$12,494
17 years$51,581$43,171$35,944$29,787$24,584$10,421
18 years$48,208$39,892$32,812$26,844$21,859$8,707
19 years$45,193$36,971$30,038$24,256$19,484$7,286
20 years$42,484$34,356$27,567$21,968$17,403$6,104
21 years$40,035$32,001$25,356$19,938$15,574$5,120
22 years$37,812$29,872$23,370$18,128$13,960$4,297
23 years$35,786$27,938$21,578$16,509$12,531$3,610
24 years$33,931$26,176$19,956$15,058$11,263$3,034
25 years$32,227$24,565$18,483$13,752$10,135$2,551
26 years$30,657$23,087$17,142$12,574$9,129$2,147
27 years$29,205$21,728$15,918$11,509$8,231$1,807
28 years$27,860$20,474$14,798$10,545$7,427$1,521
29 years$26,609$19,315$13,771$9,670$6,706$1,281
30 years$25,445$18,241$12,827$8,874$6,060$1,079
31 years$24,357$17,244$11,958$8,150$5,478$909
32 years$23,340$16,316$11,157$7,490$4,956$765
33 years$22,386$15,452$10,418$6,888$4,485$645
34 years$21,490$14,645$9,734$6,338$4,061$544
35 years$20,647$13,890$9,100$5,834$3,678$458
36 years$19,853$13,184$8,513$5,373$3,332$386
37 years$19,103$12,522$7,968$4,951$3,020$325
38 years$18,395$11,900$7,462$4,563$2,738$274
39 years$17,725$11,316$6,991$4,207$2,483$231
40 years$17,089$10,766$6,552$3,881$2,252$195
41 years$16,487$10,248$6,144$3,580$2,043$164
42 years$15,914$9,760$5,763$3,304$1,854$139
43 years$15,370$9,299$5,408$3,050$1,683$117
44 years$14,852$8,864$5,077$2,816$1,527$98
45 years$14,358$8,453$4,767$2,601$1,387$83
46 years$13,887$8,064$4,477$2,403$1,259$70
47 years$13,438$7,695$4,206$2,220$1,143$59
48 years$13,008$7,346$3,953$2,051$1,038$50
49 years$12,597$7,015$3,715$1,896$943$42
50 years$12,204$6,701$3,493$1,752$856$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $12,500,000, adding $2,019 every year, while hoping to spend $53,938 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: 35/41/24 Blend
72$12,500,000$12,500,000$12,500,000$12,500,000
73$13,777,083$13,114,583$12,920,833$14,159,022
74$15,124,955$13,699,808$13,296,291$15,027,521
75$16,608,503$14,311,901$13,682,519$15,958,896
76$18,241,509$14,952,122$14,079,822$16,962,764
77$20,039,157$15,621,790$14,488,510$18,045,629
78$22,018,181$16,322,288$14,908,905$19,214,617
79$24,197,020$17,055,064$15,341,338$20,477,546
80$26,595,989$17,821,635$15,786,145$21,842,988
81$29,237,475$18,623,591$16,243,677$23,320,347
82$32,146,147$19,462,596$16,714,289$24,919,944
83$35,349,186$20,340,395$17,198,350$26,653,103
84$38,876,545$21,258,817$17,696,237$28,532,258
85$42,761,231$22,219,777$18,208,339$30,571,059
86$47,039,611$23,225,281$18,735,053$32,784,496
87$51,751,763$24,277,431$19,276,789$35,189,032
88$56,941,849$25,378,432$19,833,968$37,802,753
89$62,658,533$26,530,591$20,407,021$40,645,529
90$68,955,441$27,736,327$20,996,393$43,739,192
91$75,891,663$28,998,174$21,602,540$47,107,740
92$83,532,318$30,318,790$22,225,930$50,777,545
93$91,949,160$31,700,956$22,867,045$54,777,601
94$101,221,261$33,147,590$23,526,378$59,139,782
95$111,435,755$34,661,747$24,204,437$63,899,136
96$122,688,660$36,246,631$24,901,743$69,094,206
97$135,085,785$37,905,597$25,618,833$74,767,377
98$148,743,728$39,642,164$26,356,256$80,965,271
99$163,790,975$41,460,016$27,114,578$87,739,171
100$180,369,115$43,363,019$27,894,377$95,145,495