Can I retire at age 73 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,012,874
2 years$527,361$517,540$508,021$498,792$489,840$473,970
3 years$348,082$338,218$328,723$319,581$310,775$295,318
4 years$258,460$248,626$239,226$230,240$221,647$206,724
5 years$204,701$194,926$185,649$176,846$168,493$154,145
6 years$168,873$159,172$150,032$141,425$133,322$119,568
7 years$143,292$133,672$124,678$116,274$108,427$95,270
8 years$124,114$114,582$105,736$97,539$89,951$77,388
9 years$109,207$99,764$91,071$83,082$75,751$63,778
10 years$97,287$87,937$79,398$71,617$64,544$53,150
11 years$87,542$78,285$69,900$62,328$55,510$44,683
12 years$79,426$70,265$62,035$54,670$48,104$37,831
13 years$72,564$63,499$55,424$48,266$41,947$32,215
14 years$66,688$57,718$49,799$42,845$36,771$27,562
15 years$61,600$52,727$44,962$38,210$32,376$23,675
16 years$57,152$48,376$40,764$34,213$28,614$20,403
17 years$53,231$44,552$37,094$30,740$25,371$17,632
18 years$49,750$41,168$33,862$27,703$22,559$15,273
19 years$46,639$38,154$30,999$25,032$20,107$13,257
20 years$43,843$35,455$28,449$22,671$17,960$11,527
21 years$41,316$33,025$26,168$20,576$16,072$10,038
22 years$39,022$30,828$24,118$18,708$14,407$8,752
23 years$36,931$28,832$22,268$17,038$12,932$7,639
24 years$35,017$27,014$20,595$15,539$11,624$6,675
25 years$33,258$25,351$19,075$14,192$10,460$5,837
26 years$31,638$23,826$17,691$12,976$9,422$5,107
27 years$30,140$22,423$16,427$11,877$8,494$4,472
28 years$28,751$21,129$15,271$10,882$7,665$3,918
29 years$27,461$19,933$14,211$9,979$6,921$3,434
30 years$26,259$18,825$13,237$9,158$6,254$3,012
31 years$25,136$17,796$12,341$8,411$5,654$2,642
32 years$24,086$16,838$11,514$7,730$5,114$2,318
33 years$23,102$15,946$10,751$7,108$4,628$2,035
34 years$22,178$15,113$10,045$6,540$4,190$1,786
35 years$21,308$14,335$9,391$6,021$3,795$1,569
36 years$20,488$13,606$8,785$5,545$3,439$1,378
37 years$19,715$12,922$8,223$5,109$3,117$1,210
38 years$18,984$12,281$7,700$4,709$2,826$1,063
39 years$18,292$11,678$7,214$4,342$2,562$934
40 years$17,636$11,111$6,762$4,005$2,324$821
41 years$17,014$10,576$6,341$3,695$2,109$722
42 years$16,424$10,072$5,948$3,410$1,913$634
43 years$15,862$9,597$5,581$3,148$1,736$558
44 years$15,327$9,148$5,239$2,907$1,576$490
45 years$14,817$8,723$4,919$2,684$1,431$431
46 years$14,332$8,322$4,620$2,479$1,299$379
47 years$13,868$7,941$4,341$2,291$1,180$333
48 years$13,424$7,581$4,079$2,117$1,071$293
49 years$13,001$7,240$3,834$1,956$973$258
50 years$12,595$6,916$3,605$1,808$884$226

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $12,900,000, adding $5,595 every year, while hoping to spend $32,870 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: 44/35/21 Blend
72$12,900,000$12,900,000$12,900,000$12,900,000
73$14,221,571$13,537,871$13,337,921$14,760,582
74$15,637,198$14,166,254$13,749,768$15,769,901
75$17,196,117$14,824,325$14,174,310$16,859,617
76$18,912,910$15,513,505$14,611,938$18,040,147
77$20,803,643$16,235,283$15,063,055$19,319,916
78$22,886,022$16,991,220$15,528,074$20,708,171
79$25,179,556$17,782,950$16,007,425$22,215,065
80$27,705,745$18,612,188$16,501,547$23,851,749
81$30,488,277$19,480,732$17,010,896$25,630,467
82$33,553,259$20,390,465$17,535,939$27,564,672
83$36,929,458$21,343,364$18,077,159$29,669,141
84$40,648,572$22,341,499$18,635,053$31,960,113
85$44,745,534$23,387,040$19,210,135$34,455,435
86$49,258,836$24,482,262$19,802,932$37,174,721
87$54,230,897$25,629,553$20,413,990$40,139,533
88$59,708,459$26,831,411$21,043,869$43,373,575
89$65,743,032$28,090,461$21,693,149$46,902,913
90$72,391,377$29,409,449$22,362,425$50,756,207
91$79,716,044$30,791,258$23,052,313$54,964,977
92$87,785,960$32,238,910$23,763,445$59,563,893
93$96,677,083$33,755,571$24,496,475$64,591,089
94$106,473,114$35,344,563$25,252,076$70,088,515
95$117,266,292$37,009,367$26,030,940$76,102,327
96$129,158,261$38,753,633$26,833,784$82,683,303
97$142,261,031$40,581,188$27,661,343$89,887,321
98$156,698,035$42,496,046$28,514,378$97,775,869
99$172,605,295$44,502,412$29,393,670$106,416,616
100$190,132,704$46,604,699$30,300,026$115,884,036