Can I retire at age 73 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$997,582
2 years$519,185$509,516$500,145$491,059$482,246$467,033
3 years$342,685$332,974$323,627$314,626$305,956$291,138
4 years$254,453$244,771$235,517$226,670$218,211$203,900
5 years$201,527$191,904$182,771$174,105$165,880$152,120
6 years$166,255$156,704$147,706$139,233$131,255$118,061
7 years$141,070$131,600$122,745$114,471$106,746$94,121
8 years$122,190$112,805$104,097$96,027$88,556$76,500
9 years$107,513$98,217$89,659$81,794$74,577$63,083
10 years$95,779$86,574$78,167$70,507$63,543$52,602
11 years$86,184$77,071$68,817$61,362$54,649$44,251
12 years$78,195$69,175$61,073$53,823$47,358$37,489
13 years$71,439$62,514$54,565$47,517$41,297$31,945
14 years$65,654$56,824$49,027$42,181$36,201$27,349
15 years$60,645$51,909$44,264$37,618$31,874$23,508
16 years$56,266$47,626$40,132$33,683$28,170$20,273
17 years$52,406$43,862$36,519$30,264$24,978$17,532
18 years$48,979$40,530$33,337$27,274$22,209$15,198
19 years$45,916$37,563$30,518$24,644$19,795$13,202
20 years$43,163$34,905$28,008$22,320$17,682$11,487
21 years$40,676$32,513$25,762$20,257$15,823$10,011
22 years$38,417$30,350$23,744$18,418$14,183$8,735
23 years$36,358$28,385$21,923$16,774$12,732$7,630
24 years$34,474$26,595$20,275$15,299$11,443$6,672
25 years$32,743$24,958$18,779$13,972$10,297$5,839
26 years$31,147$23,457$17,417$12,775$9,276$5,114
27 years$29,672$22,076$16,173$11,693$8,363$4,481
28 years$28,306$20,802$15,035$10,713$7,546$3,929
29 years$27,035$19,624$13,991$9,824$6,814$3,447
30 years$25,852$18,533$13,032$9,016$6,157$3,025
31 years$24,747$17,520$12,150$8,281$5,566$2,656
32 years$23,713$16,577$11,336$7,610$5,035$2,332
33 years$22,744$15,699$10,584$6,998$4,557$2,049
34 years$21,834$14,879$9,889$6,439$4,126$1,800
35 years$20,977$14,112$9,246$5,927$3,737$1,582
36 years$20,171$13,395$8,649$5,459$3,386$1,391
37 years$19,409$12,722$8,095$5,030$3,068$1,223
38 years$18,689$12,090$7,581$4,636$2,782$1,075
39 years$18,008$11,497$7,103$4,275$2,523$946
40 years$17,363$10,938$6,657$3,943$2,288$832
41 years$16,751$10,412$6,242$3,638$2,076$732
42 years$16,169$9,916$5,856$3,357$1,884$644
43 years$15,616$9,448$5,495$3,099$1,710$566
44 years$15,089$9,006$5,158$2,861$1,552$498
45 years$14,588$8,588$4,843$2,643$1,409$438
46 years$14,109$8,193$4,549$2,441$1,279$386
47 years$13,653$7,818$4,273$2,255$1,161$339
48 years$13,216$7,464$4,016$2,084$1,055$299
49 years$12,799$7,127$3,775$1,926$958$263
50 years$12,400$6,808$3,549$1,780$870$231

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $12,700,000, adding $4,034 every year, while hoping to spend $32,013 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: 68/24/8 Blend
72$12,700,000$12,700,000$12,700,000$12,700,000
73$13,999,561$13,326,461$13,129,611$14,930,988
74$15,393,455$13,945,396$13,535,391$16,168,093
75$16,928,453$14,593,586$13,953,693$17,516,222
76$18,618,913$15,272,430$14,384,900$18,989,637
77$20,480,660$15,983,397$14,829,411$20,600,596
78$22,531,127$16,728,023$15,287,636$22,362,585
79$24,789,527$17,507,921$15,759,997$24,290,443
80$27,277,030$18,324,781$16,246,929$26,400,496
81$30,016,967$19,180,375$16,748,881$28,710,709
82$33,035,044$20,076,560$17,266,315$31,240,852
83$36,359,590$21,015,282$17,799,708$34,012,683
84$40,021,821$21,998,584$18,349,551$37,050,149
85$44,056,137$23,028,605$18,916,351$40,379,607
86$48,500,444$24,107,587$19,500,629$44,030,072
87$53,396,513$25,237,883$20,102,924$48,033,482
88$58,790,376$26,421,958$20,723,791$52,424,998
89$64,732,756$27,662,396$21,363,800$57,243,327
90$71,279,551$28,961,907$22,023,541$62,531,089
91$78,492,356$30,323,332$22,703,621$68,335,206
92$86,439,050$31,749,648$23,404,665$74,707,344
93$95,194,432$33,243,979$24,127,320$81,704,396
94$104,840,928$34,809,598$24,872,249$89,389,007
95$115,469,372$36,449,938$25,640,139$97,830,166
96$127,179,859$38,168,596$26,431,694$107,103,844
97$140,082,693$39,969,346$27,247,645$117,293,709
98$154,299,426$41,856,142$28,088,740$128,491,906
99$169,964,008$43,833,134$28,955,753$140,799,918
100$187,224,047$45,904,668$29,849,481$154,329,519