Can I retire at age 73 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$997,156
2 years$515,097$505,504$496,207$487,192$478,448$470,801
3 years$339,987$330,352$321,079$312,149$303,547$296,074
4 years$252,449$242,844$233,663$224,886$216,493$209,252
5 years$199,940$190,393$181,332$172,734$164,574$157,587
6 years$164,946$155,470$146,543$138,137$130,222$123,497
7 years$139,959$130,563$121,778$113,570$105,905$99,446
8 years$121,228$111,917$103,277$95,271$87,859$81,665
9 years$106,667$97,444$88,953$81,150$73,990$68,060
10 years$95,025$85,892$77,551$69,952$63,043$57,374
11 years$85,506$76,465$68,275$60,879$54,219$48,807
12 years$77,579$68,630$60,592$53,399$46,985$41,824
13 years$70,877$62,022$54,135$47,143$40,972$36,057
14 years$65,137$56,376$48,641$41,849$35,916$31,241
15 years$60,167$51,501$43,916$37,322$31,623$27,182
16 years$55,823$47,251$39,816$33,417$27,949$23,734
17 years$51,993$43,516$36,231$30,025$24,781$20,787
18 years$48,593$40,211$33,074$27,059$22,034$18,252
19 years$45,555$37,267$30,278$24,450$19,640$16,063
20 years$42,823$34,630$27,788$22,144$17,542$14,164
21 years$40,355$32,257$25,559$20,097$15,698$12,510
22 years$38,115$30,111$23,557$18,273$14,071$11,065
23 years$36,072$28,162$21,751$16,642$12,631$9,800
24 years$34,202$26,386$20,116$15,178$11,353$8,689
25 years$32,485$24,762$18,631$13,862$10,216$7,712
26 years$30,902$23,272$17,279$12,674$9,202$6,851
27 years$29,439$21,902$16,045$11,601$8,297$6,090
28 years$28,083$20,638$14,916$10,629$7,486$5,418
29 years$26,822$19,470$13,881$9,747$6,760$4,823
30 years$25,648$18,387$12,930$8,945$6,108$4,295
31 years$24,552$17,382$12,054$8,216$5,522$3,827
32 years$23,526$16,447$11,246$7,550$4,995$3,411
33 years$22,565$15,575$10,501$6,943$4,521$3,042
34 years$21,662$14,762$9,811$6,388$4,093$2,713
35 years$20,812$14,001$9,173$5,881$3,707$2,421
36 years$20,012$13,289$8,581$5,416$3,359$2,161
37 years$19,256$12,622$8,032$4,990$3,044$1,929
38 years$18,542$11,995$7,521$4,600$2,760$1,723
39 years$17,867$11,406$7,047$4,241$2,503$1,538
40 years$17,226$10,852$6,605$3,912$2,270$1,374
41 years$16,619$10,330$6,193$3,609$2,060$1,228
42 years$16,042$9,838$5,810$3,331$1,869$1,097
43 years$15,493$9,374$5,451$3,075$1,696$980
44 years$14,971$8,935$5,117$2,839$1,540$876
45 years$14,473$8,520$4,805$2,622$1,398$783
46 years$13,998$8,128$4,513$2,422$1,269$700
47 years$13,545$7,757$4,240$2,237$1,152$625
48 years$13,112$7,405$3,984$2,068$1,046$559
49 years$12,698$7,071$3,745$1,911$950$500
50 years$12,302$6,755$3,521$1,766$863$447

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $12,600,000, adding $5,716 every year, while hoping to spend $33,606 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: 41/36/23 Blend
72$12,600,000$12,600,000$12,600,000$12,600,000
73$13,891,096$13,223,296$13,027,996$14,366,344
74$15,272,231$13,835,481$13,428,677$15,319,596
75$16,793,116$14,476,537$13,841,655$16,347,093
76$18,467,969$15,147,842$14,267,306$17,458,594
77$20,312,459$15,850,844$14,706,018$18,661,818
78$22,343,851$16,587,056$15,158,190$19,965,231
79$24,581,169$17,358,067$15,624,235$21,378,128
80$27,045,379$18,165,543$16,104,577$22,910,710
81$29,759,581$19,011,228$16,599,654$24,574,179
82$32,749,233$19,896,953$17,109,917$26,380,834
83$36,042,385$20,824,634$17,635,830$28,344,185
84$39,669,950$21,796,283$18,177,872$30,479,071
85$43,665,991$22,814,007$18,736,537$32,801,796
86$48,068,044$23,880,015$19,312,333$35,330,275
87$52,917,472$24,996,623$19,905,783$38,084,195
88$58,259,856$26,166,259$20,517,429$41,085,197
89$64,145,424$27,391,469$21,147,826$44,357,068
90$70,629,527$28,674,921$21,797,548$47,925,961
91$77,773,158$30,019,411$22,467,185$51,820,630
92$85,643,532$31,427,874$23,157,347$56,072,697
93$94,314,715$32,903,383$23,868,661$60,716,937
94$103,868,328$34,449,161$24,601,774$65,791,600
95$114,394,316$36,068,588$25,357,351$71,338,757
96$125,991,794$37,765,207$26,136,080$77,404,693
97$138,769,987$39,542,731$26,938,668$84,040,330
98$152,849,256$41,405,056$27,765,845$91,301,692
99$168,362,240$43,356,263$28,618,360$99,250,429
100$185,455,103$45,400,635$29,496,990$107,954,381