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

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$971,025
2 years$515,097$505,504$496,207$487,192$478,448$444,812
3 years$339,987$330,352$321,079$312,149$303,547$271,048
4 years$252,449$242,844$233,663$224,886$216,493$185,378
5 years$199,940$190,393$181,332$172,734$164,574$134,927
6 years$164,946$155,470$146,543$138,137$130,222$102,067
7 years$139,959$130,563$121,778$113,570$105,905$79,237
8 years$121,228$111,917$103,277$95,271$87,859$62,658
9 years$106,667$97,444$88,953$81,150$73,990$50,226
10 years$95,025$85,892$77,551$69,952$63,043$40,678
11 years$85,506$76,465$68,275$60,879$54,219$33,209
12 years$77,579$68,630$60,592$53,399$46,985$27,283
13 years$70,877$62,022$54,135$47,143$40,972$22,528
14 years$65,137$56,376$48,641$41,849$35,916$18,677
15 years$60,167$51,501$43,916$37,322$31,623$15,535
16 years$55,823$47,251$39,816$33,417$27,949$12,957
17 years$51,993$43,516$36,231$30,025$24,781$10,830
18 years$48,593$40,211$33,074$27,059$22,034$9,069
19 years$45,555$37,267$30,278$24,450$19,640$7,606
20 years$42,823$34,630$27,788$22,144$17,542$6,387
21 years$40,355$32,257$25,559$20,097$15,698$5,369
22 years$38,115$30,111$23,557$18,273$14,071$4,518
23 years$36,072$28,162$21,751$16,642$12,631$3,804
24 years$34,202$26,386$20,116$15,178$11,353$3,205
25 years$32,485$24,762$18,631$13,862$10,216$2,702
26 years$30,902$23,272$17,279$12,674$9,202$2,278
27 years$29,439$21,902$16,045$11,601$8,297$1,922
28 years$28,083$20,638$14,916$10,629$7,486$1,622
29 years$26,822$19,470$13,881$9,747$6,760$1,369
30 years$25,648$18,387$12,930$8,945$6,108$1,156
31 years$24,552$17,382$12,054$8,216$5,522$976
32 years$23,526$16,447$11,246$7,550$4,995$824
33 years$22,565$15,575$10,501$6,943$4,521$696
34 years$21,662$14,762$9,811$6,388$4,093$588
35 years$20,812$14,001$9,173$5,881$3,707$497
36 years$20,012$13,289$8,581$5,416$3,359$420
37 years$19,256$12,622$8,032$4,990$3,044$355
38 years$18,542$11,995$7,521$4,600$2,760$300
39 years$17,867$11,406$7,047$4,241$2,503$253
40 years$17,226$10,852$6,605$3,912$2,270$214
41 years$16,619$10,330$6,193$3,609$2,060$181
42 years$16,042$9,838$5,810$3,331$1,869$153
43 years$15,493$9,374$5,451$3,075$1,696$129
44 years$14,971$8,935$5,117$2,839$1,540$109
45 years$14,473$8,520$4,805$2,622$1,398$92
46 years$13,998$8,128$4,513$2,422$1,269$78
47 years$13,545$7,757$4,240$2,237$1,152$66
48 years$13,112$7,405$3,984$2,068$1,046$56
49 years$12,698$7,071$3,745$1,911$950$47
50 years$12,302$6,755$3,521$1,766$863$40

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 $2,638 every year, while hoping to spend $55,866 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: 22/48/30 Blend
72$12,600,000$12,600,000$12,600,000$12,600,000
73$13,887,921$13,220,121$13,024,821$14,061,776
74$15,245,048$13,808,466$13,401,712$14,807,378
75$16,738,730$14,423,767$13,789,356$15,599,617
76$18,382,835$15,067,287$14,188,054$16,445,964
77$20,192,647$15,740,347$14,598,117$17,350,885
78$22,185,006$16,444,333$15,019,862$18,319,260
79$24,378,465$17,180,693$15,453,616$19,356,419
80$26,793,470$17,950,949$15,899,714$20,468,187
81$29,452,550$18,756,692$16,358,501$21,660,936
82$32,380,531$19,599,590$16,830,331$22,941,632
83$35,604,765$20,481,391$17,315,567$24,317,902
84$39,155,397$21,403,924$17,814,584$25,798,090
85$43,065,639$22,369,108$18,327,765$27,391,333
86$47,372,093$23,378,953$18,855,503$29,107,640
87$52,115,088$24,435,564$19,398,204$30,957,973
88$57,339,067$25,541,146$19,956,284$32,954,346
89$63,093,000$26,698,011$20,530,169$35,109,930
90$69,430,854$27,908,581$21,120,297$37,439,162
91$76,412,093$29,175,394$21,727,119$39,957,876
92$84,102,247$30,501,108$22,351,097$42,683,443
93$92,573,524$31,888,510$22,992,707$45,634,918
94$101,905,496$33,340,520$23,652,435$48,833,215
95$112,185,847$34,860,196$24,330,782$52,301,287
96$123,511,203$36,450,745$25,028,263$56,064,335
97$135,988,041$38,115,527$25,745,405$60,150,028
98$149,733,695$39,858,062$26,482,750$64,588,753
99$164,877,464$41,682,039$27,240,855$69,413,889
100$181,561,833$43,591,326$28,020,290$74,662,103