Can I retire at age 73 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$998,043
2 years$523,273$513,528$504,083$494,925$486,043$463,344
3 years$345,384$335,596$326,175$317,104$308,366$286,324
4 years$256,456$246,699$237,372$228,455$219,929$198,714
5 years$203,114$193,415$184,210$175,476$167,186$146,858
6 years$167,564$157,938$148,869$140,329$132,289$112,868
7 years$142,181$132,636$123,711$115,372$107,586$89,077
8 years$123,152$113,693$104,917$96,783$89,253$71,648
9 years$108,360$98,991$90,365$82,438$75,164$58,451
10 years$96,533$87,255$78,782$71,062$64,044$48,204
11 years$86,863$77,678$69,359$61,845$55,080$40,093
12 years$78,810$69,720$61,554$54,247$47,731$33,574
13 years$72,002$63,006$54,994$47,892$41,622$28,270
14 years$66,171$57,271$49,413$42,513$36,486$23,910
15 years$61,122$52,318$44,613$37,914$32,125$20,298
16 years$56,709$48,001$40,448$33,948$28,392$17,285
17 years$52,819$44,207$36,806$30,502$25,174$14,757
18 years$49,365$40,849$33,599$27,488$22,384$12,626
19 years$46,278$37,859$30,759$24,838$19,951$10,822
20 years$43,503$35,180$28,229$22,496$17,821$9,291
21 years$40,996$32,769$25,965$20,416$15,948$7,986
22 years$38,720$30,589$23,931$18,563$14,295$6,873
23 years$36,645$28,609$22,096$16,906$12,832$5,920
24 years$34,745$26,805$20,435$15,419$11,534$5,104
25 years$33,000$25,155$18,927$14,082$10,378$4,403
26 years$31,392$23,642$17,554$12,875$9,349$3,801
27 years$29,906$22,249$16,300$11,785$8,428$3,283
28 years$28,528$20,966$15,153$10,798$7,605$2,837
29 years$27,248$19,779$14,101$9,902$6,867$2,452
30 years$26,055$18,679$13,135$9,087$6,205$2,121
31 years$24,942$17,658$12,245$8,346$5,610$1,834
32 years$23,900$16,708$11,425$7,670$5,075$1,587
33 years$22,923$15,822$10,668$7,053$4,592$1,373
34 years$22,006$14,996$9,967$6,490$4,158$1,189
35 years$21,143$14,224$9,319$5,974$3,766$1,029
36 years$20,329$13,500$8,717$5,502$3,412$891
37 years$19,562$12,822$8,159$5,069$3,093$771
38 years$18,837$12,186$7,641$4,673$2,804$668
39 years$18,150$11,587$7,159$4,308$2,543$578
40 years$17,500$11,024$6,710$3,974$2,306$501
41 years$16,882$10,494$6,292$3,666$2,092$434
42 years$16,296$9,994$5,902$3,384$1,898$376
43 years$15,739$9,523$5,538$3,123$1,723$326
44 years$15,208$9,077$5,198$2,884$1,564$282
45 years$14,703$8,656$4,881$2,663$1,420$244
46 years$14,220$8,257$4,584$2,460$1,289$212
47 years$13,760$7,880$4,307$2,273$1,171$183
48 years$13,320$7,522$4,047$2,100$1,063$159
49 years$12,900$7,184$3,804$1,941$965$138
50 years$12,497$6,862$3,577$1,794$877$119

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $12,800,000, adding $4,052 every year, while hoping to spend $56,457 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: 54/36/10 Blend
72$12,800,000$12,800,000$12,800,000$12,800,000
73$14,109,780$13,431,380$13,232,980$14,835,984
74$15,488,907$14,029,447$13,616,215$15,927,025
75$17,006,814$14,654,928$14,010,396$17,107,390
76$18,677,595$15,309,106$14,415,830$18,390,732
77$20,516,783$15,993,325$14,832,833$19,786,835
78$22,541,491$16,708,994$15,261,730$21,306,448
79$24,770,577$17,457,589$15,702,852$22,961,385
80$27,224,820$18,240,655$16,156,542$24,764,630
81$29,927,117$19,059,813$16,623,151$26,730,457
82$32,902,697$19,916,758$17,103,041$28,874,557
83$36,179,362$20,813,268$17,596,582$31,214,185
84$39,787,744$21,751,206$18,104,155$33,768,312
85$43,761,602$22,732,523$18,626,152$36,557,804
86$48,138,131$23,759,263$19,162,974$39,605,610
87$52,958,321$24,833,567$19,715,035$42,936,974
88$58,267,339$25,957,681$20,282,757$46,579,664
89$64,114,956$27,133,955$20,866,577$50,564,232
90$70,556,016$28,364,854$21,466,942$54,924,291
91$77,650,956$29,652,958$22,084,312$59,696,830
92$85,466,375$31,000,974$22,719,157$64,922,549
93$94,075,659$32,411,736$23,371,963$70,646,241
94$103,559,680$33,888,214$24,043,227$76,917,204
95$114,007,552$35,433,522$24,733,460$83,789,697
96$125,517,477$37,050,920$25,443,186$91,323,444
97$138,197,672$38,743,826$26,172,945$99,584,188
98$152,167,385$40,515,824$26,923,289$108,644,304
99$167,558,025$42,370,667$27,694,786$118,583,466
100$184,514,402$44,312,288$28,488,020$129,489,394