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%14.2%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,010,791
2 years$527,361$517,540$508,021$498,792$489,840$471,891
3 years$348,082$338,218$328,723$319,581$310,775$293,309
4 years$258,460$248,626$239,226$230,240$221,647$204,799
5 years$204,701$194,926$185,649$176,846$168,493$152,311
6 years$168,873$159,172$150,032$141,425$133,322$117,825
7 years$143,292$133,672$124,678$116,274$108,427$93,619
8 years$124,114$114,582$105,736$97,539$89,951$75,828
9 years$109,207$99,764$91,071$83,082$75,751$62,306
10 years$97,287$87,937$79,398$71,617$64,544$51,765
11 years$87,542$78,285$69,900$62,328$55,510$43,383
12 years$79,426$70,265$62,035$54,670$48,104$36,612
13 years$72,564$63,499$55,424$48,266$41,947$31,074
14 years$66,688$57,718$49,799$42,845$36,771$26,497
15 years$61,600$52,727$44,962$38,210$32,376$22,682
16 years$57,152$48,376$40,764$34,213$28,614$19,479
17 years$53,231$44,552$37,094$30,740$25,371$16,774
18 years$49,750$41,168$33,862$27,703$22,559$14,478
19 years$46,639$38,154$30,999$25,032$20,107$12,520
20 years$43,843$35,455$28,449$22,671$17,960$10,846
21 years$41,316$33,025$26,168$20,576$16,072$9,409
22 years$39,022$30,828$24,118$18,708$14,407$8,172
23 years$36,931$28,832$22,268$17,038$12,932$7,106
24 years$35,017$27,014$20,595$15,539$11,624$6,184
25 years$33,258$25,351$19,075$14,192$10,460$5,386
26 years$31,638$23,826$17,691$12,976$9,422$4,695
27 years$30,140$22,423$16,427$11,877$8,494$4,094
28 years$28,751$21,129$15,271$10,882$7,665$3,573
29 years$27,461$19,933$14,211$9,979$6,921$3,119
30 years$26,259$18,825$13,237$9,158$6,254$2,724
31 years$25,136$17,796$12,341$8,411$5,654$2,379
32 years$24,086$16,838$11,514$7,730$5,114$2,079
33 years$23,102$15,946$10,751$7,108$4,628$1,817
34 years$22,178$15,113$10,045$6,540$4,190$1,589
35 years$21,308$14,335$9,391$6,021$3,795$1,389
36 years$20,488$13,606$8,785$5,545$3,439$1,215
37 years$19,715$12,922$8,223$5,109$3,117$1,063
38 years$18,984$12,281$7,700$4,709$2,826$930
39 years$18,292$11,678$7,214$4,342$2,562$814
40 years$17,636$11,111$6,762$4,005$2,324$712
41 years$17,014$10,576$6,341$3,695$2,109$623
42 years$16,424$10,072$5,948$3,410$1,913$545
43 years$15,862$9,597$5,581$3,148$1,736$477
44 years$15,327$9,148$5,239$2,907$1,576$418
45 years$14,817$8,723$4,919$2,684$1,431$366
46 years$14,332$8,322$4,620$2,479$1,299$320
47 years$13,868$7,941$4,341$2,291$1,180$280
48 years$13,424$7,581$4,079$2,117$1,071$245
49 years$13,001$7,240$3,834$1,956$973$215
50 years$12,595$6,916$3,605$1,808$884$188

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 $3,500 every year, while hoping to spend $33,161 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: 67/6/27 Blend
72$12,900,000$12,900,000$12,900,000$12,900,000
73$14,219,410$13,535,710$13,335,760$15,071,684
74$15,634,507$14,163,677$13,747,225$16,273,972
75$17,192,832$14,821,303$14,171,363$17,584,380
76$18,908,960$15,510,006$14,608,563$19,016,903
77$20,798,951$16,231,273$15,059,226$20,583,606
78$22,880,501$16,986,662$15,523,767$22,297,767
79$25,173,110$17,777,807$16,002,612$24,174,008
80$27,698,268$18,606,420$16,496,200$26,228,423
81$30,479,654$19,474,296$17,004,984$28,478,737
82$33,543,359$20,383,318$17,529,433$30,944,463
83$36,918,139$21,335,457$18,070,025$33,647,089
84$40,635,676$22,332,782$18,627,259$36,610,279
85$44,730,887$23,377,460$19,201,644$39,860,090
86$49,242,246$24,471,765$19,793,707$43,425,220
87$54,212,152$25,618,077$20,403,993$47,337,275
88$59,687,324$26,818,896$21,033,059$51,631,065
89$65,719,248$28,076,839$21,681,484$56,344,928
90$72,364,658$29,394,651$22,349,861$61,521,093
91$79,686,075$30,775,211$23,038,803$67,206,073
92$87,752,394$32,221,535$23,748,941$73,451,102
93$96,639,534$33,736,787$24,480,927$80,312,616
94$106,431,160$35,324,282$25,235,431$87,852,784
95$117,219,464$36,987,498$26,013,145$96,140,086
96$129,106,044$38,730,080$26,814,779$105,249,965
97$142,202,856$40,555,850$27,641,070$115,265,528
98$156,633,275$42,468,814$28,492,774$126,278,332
99$172,533,257$44,473,174$29,370,670$138,389,239
100$190,052,624$46,573,334$30,275,562$151,709,372