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%15.2%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,006,660
2 years$527,361$517,540$508,021$498,792$489,840$467,779
3 years$348,082$338,218$328,723$319,581$310,775$289,345
4 years$258,460$248,626$239,226$230,240$221,647$201,013
5 years$204,701$194,926$185,649$176,846$168,493$148,713
6 years$168,873$159,172$150,032$141,425$133,322$114,419
7 years$143,292$133,672$124,678$116,274$108,427$90,402
8 years$124,114$114,582$105,736$97,539$89,951$72,799
9 years$109,207$99,764$91,071$83,082$75,751$59,461
10 years$97,287$87,937$79,398$71,617$64,544$49,098
11 years$87,542$78,285$69,900$62,328$55,510$40,889
12 years$79,426$70,265$62,035$54,670$48,104$34,285
13 years$72,564$63,499$55,424$48,266$41,947$28,907
14 years$66,688$57,718$49,799$42,845$36,771$24,482
15 years$61,600$52,727$44,962$38,210$32,376$20,813
16 years$57,152$48,376$40,764$34,213$28,614$17,748
17 years$53,231$44,552$37,094$30,740$25,371$15,174
18 years$49,750$41,168$33,862$27,703$22,559$13,002
19 years$46,639$38,154$30,999$25,032$20,107$11,161
20 years$43,843$35,455$28,449$22,671$17,960$9,596
21 years$41,316$33,025$26,168$20,576$16,072$8,262
22 years$39,022$30,828$24,118$18,708$14,407$7,121
23 years$36,931$28,832$22,268$17,038$12,932$6,143
24 years$35,017$27,014$20,595$15,539$11,624$5,305
25 years$33,258$25,351$19,075$14,192$10,460$4,584
26 years$31,638$23,826$17,691$12,976$9,422$3,963
27 years$30,140$22,423$16,427$11,877$8,494$3,429
28 years$28,751$21,129$15,271$10,882$7,665$2,968
29 years$27,461$19,933$14,211$9,979$6,921$2,569
30 years$26,259$18,825$13,237$9,158$6,254$2,225
31 years$25,136$17,796$12,341$8,411$5,654$1,928
32 years$24,086$16,838$11,514$7,730$5,114$1,671
33 years$23,102$15,946$10,751$7,108$4,628$1,448
34 years$22,178$15,113$10,045$6,540$4,190$1,256
35 years$21,308$14,335$9,391$6,021$3,795$1,089
36 years$20,488$13,606$8,785$5,545$3,439$944
37 years$19,715$12,922$8,223$5,109$3,117$819
38 years$18,984$12,281$7,700$4,709$2,826$710
39 years$18,292$11,678$7,214$4,342$2,562$616
40 years$17,636$11,111$6,762$4,005$2,324$535
41 years$17,014$10,576$6,341$3,695$2,109$464
42 years$16,424$10,072$5,948$3,410$1,913$403
43 years$15,862$9,597$5,581$3,148$1,736$349
44 years$15,327$9,148$5,239$2,907$1,576$303
45 years$14,817$8,723$4,919$2,684$1,431$263
46 years$14,332$8,322$4,620$2,479$1,299$228
47 years$13,868$7,941$4,341$2,291$1,180$198
48 years$13,424$7,581$4,079$2,117$1,071$172
49 years$13,001$7,240$3,834$1,956$973$149
50 years$12,595$6,916$3,605$1,808$884$130

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 $6,912 every year, while hoping to spend $49,015 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: 75/7/18 Blend
72$12,900,000$12,900,000$12,900,000$12,900,000
73$14,222,930$13,539,230$13,339,280$15,230,330
74$15,621,517$14,150,500$13,733,994$16,509,673
75$17,161,117$14,790,081$14,140,288$17,904,841
76$18,856,062$15,459,306$14,558,499$19,432,800
77$20,722,144$16,159,575$14,988,972$21,106,768
78$22,776,763$16,892,354$15,432,063$22,941,302
79$25,039,093$17,659,180$15,888,138$24,952,429
80$27,530,263$18,461,662$16,357,572$27,157,801
81$30,273,553$19,301,487$16,840,755$29,576,855
82$33,294,618$20,180,422$17,338,082$32,230,999
83$36,621,726$21,100,320$17,849,965$35,143,808
84$40,286,027$22,063,121$18,376,824$38,341,250
85$44,321,847$23,070,859$18,919,093$41,851,924
86$48,767,010$24,125,665$19,477,217$45,707,332
87$53,663,196$25,229,774$20,051,654$49,942,172
88$59,056,335$26,385,525$20,642,877$54,594,664
89$64,997,037$27,595,372$21,251,370$59,706,910
90$71,541,075$28,861,886$21,877,632$65,325,286
91$78,749,907$30,187,761$22,522,174$71,500,881
92$86,691,257$31,575,820$23,185,526$78,289,974
93$95,439,753$33,029,024$23,868,230$85,754,565
94$105,077,635$34,550,472$24,570,842$93,962,956
95$115,695,526$36,143,418$25,293,937$102,990,393
96$127,393,290$37,811,266$26,038,105$112,919,774
97$140,280,977$39,557,589$26,803,953$123,842,429
98$154,479,855$41,386,130$27,592,104$135,858,980
99$170,123,561$43,300,810$28,403,200$149,080,283
100$187,359,358$45,305,744$29,237,900$163,628,477