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%15.1%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$991,458
2 years$519,185$509,516$500,145$491,059$482,246$460,929
3 years$342,685$332,974$323,627$314,626$305,956$285,246
4 years$254,453$244,771$235,517$226,670$218,211$198,266
5 years$201,527$191,904$182,771$174,105$165,880$146,758
6 years$166,255$156,704$147,706$139,233$131,255$112,976
7 years$141,070$131,600$122,745$114,471$106,746$89,312
8 years$122,190$112,805$104,097$96,027$88,556$71,963
9 years$107,513$98,217$89,659$81,794$74,577$58,814
10 years$95,779$86,574$78,167$70,507$63,543$48,593
11 years$86,184$77,071$68,817$61,362$54,649$40,494
12 years$78,195$69,175$61,073$53,823$47,358$33,976
13 years$71,439$62,514$54,565$47,517$41,297$28,665
14 years$65,654$56,824$49,027$42,181$36,201$24,294
15 years$60,645$51,909$44,264$37,618$31,874$20,667
16 years$56,266$47,626$40,132$33,683$28,170$17,636
17 years$52,406$43,862$36,519$30,264$24,978$15,090
18 years$48,979$40,530$33,337$27,274$22,209$12,939
19 years$45,916$37,563$30,518$24,644$19,795$11,115
20 years$43,163$34,905$28,008$22,320$17,682$9,564
21 years$40,676$32,513$25,762$20,257$15,823$8,240
22 years$38,417$30,350$23,744$18,418$14,183$7,108
23 years$36,358$28,385$21,923$16,774$12,732$6,137
24 years$34,474$26,595$20,275$15,299$11,443$5,303
25 years$32,743$24,958$18,779$13,972$10,297$4,586
26 years$31,147$23,457$17,417$12,775$9,276$3,969
27 years$29,672$22,076$16,173$11,693$8,363$3,436
28 years$28,306$20,802$15,035$10,713$7,546$2,976
29 years$27,035$19,624$13,991$9,824$6,814$2,579
30 years$25,852$18,533$13,032$9,016$6,157$2,236
31 years$24,747$17,520$12,150$8,281$5,566$1,939
32 years$23,713$16,577$11,336$7,610$5,035$1,681
33 years$22,744$15,699$10,584$6,998$4,557$1,459
34 years$21,834$14,879$9,889$6,439$4,126$1,266
35 years$20,977$14,112$9,246$5,927$3,737$1,098
36 years$20,171$13,395$8,649$5,459$3,386$953
37 years$19,409$12,722$8,095$5,030$3,068$828
38 years$18,689$12,090$7,581$4,636$2,782$719
39 years$18,008$11,497$7,103$4,275$2,523$624
40 years$17,363$10,938$6,657$3,943$2,288$542
41 years$16,751$10,412$6,242$3,638$2,076$470
42 years$16,169$9,916$5,856$3,357$1,884$409
43 years$15,616$9,448$5,495$3,099$1,710$355
44 years$15,089$9,006$5,158$2,861$1,552$308
45 years$14,588$8,588$4,843$2,643$1,409$268
46 years$14,109$8,193$4,549$2,441$1,279$233
47 years$13,653$7,818$4,273$2,255$1,161$202
48 years$13,216$7,464$4,016$2,084$1,055$175
49 years$12,799$7,127$3,775$1,926$958$152
50 years$12,400$6,808$3,549$1,780$870$132

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 $4,449 every year, while hoping to spend $26,731 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: 43/28/29 Blend
72$12,700,000$12,700,000$12,700,000$12,700,000
73$13,999,989$13,326,889$13,130,039$14,483,370
74$15,399,546$13,951,465$13,541,454$15,455,544
75$16,940,963$14,605,749$13,965,755$16,505,366
76$18,638,679$15,291,170$14,403,346$17,642,382
77$20,508,610$16,009,222$14,854,644$18,874,699
78$22,568,290$16,761,476$15,320,076$20,211,214
79$24,837,043$17,549,576$15,800,086$21,661,700
80$27,336,163$18,375,246$16,295,130$23,236,892
81$30,089,114$19,240,296$16,805,680$24,948,579
82$33,121,752$20,146,619$17,332,219$26,809,718
83$36,462,572$21,096,205$17,875,249$28,834,542
84$40,142,971$22,091,135$18,435,287$31,038,698
85$44,197,549$23,133,596$19,012,864$33,439,383
86$48,664,434$24,225,877$19,608,530$36,055,501
87$53,585,641$25,370,380$20,222,850$38,907,836
88$59,007,470$26,569,622$20,856,410$42,019,243
89$64,980,944$27,826,245$21,509,810$45,414,855
90$71,562,284$29,143,015$22,183,674$49,122,314
91$78,813,450$30,522,836$22,878,640$53,172,023
92$86,802,717$31,968,750$23,595,369$57,597,428
93$95,605,324$33,483,948$24,334,543$62,435,322
94$105,304,181$35,071,776$25,096,865$67,726,187
95$115,990,656$36,735,741$25,883,058$73,514,566
96$127,765,433$38,479,523$26,693,871$79,849,473
97$140,739,464$40,306,977$27,530,073$86,784,849
98$155,035,019$42,222,148$28,392,459$94,380,058
99$170,786,834$44,229,276$29,281,850$102,700,438
100$188,143,389$46,332,809$30,199,090$111,817,906