Can I retire at age 73 with 13,000,000?

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 $13,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,019,885
2 years$531,449$521,552$511,959$502,659$493,637$476,804
3 years$350,780$340,840$331,272$322,058$313,184$296,796
4 years$260,463$250,553$241,081$232,025$223,365$207,548
5 years$206,287$196,437$187,089$178,217$169,799$154,598
6 years$170,182$160,405$151,195$142,522$134,356$119,789
7 years$144,402$134,708$125,644$117,175$109,267$95,339
8 years$125,077$115,470$106,556$98,295$90,648$77,355
9 years$110,053$100,537$91,777$83,726$76,339$63,675
10 years$98,042$88,619$80,013$72,172$65,044$52,999
11 years$88,220$78,892$70,442$62,812$55,940$44,501
12 years$80,042$70,809$62,516$55,094$48,477$37,629
13 years$73,127$63,991$55,854$48,640$42,273$32,000
14 years$67,205$58,166$50,185$43,177$37,056$27,342
15 years$62,077$53,136$45,310$38,506$32,627$23,453
16 years$57,595$48,751$41,080$34,478$28,836$20,183
17 years$53,644$44,898$37,381$30,978$25,568$17,418
18 years$50,136$41,488$34,124$27,918$22,734$15,066
19 years$47,001$38,450$31,239$25,226$20,263$13,058
20 years$44,183$35,730$28,670$22,847$18,099$11,337
21 years$41,637$33,281$26,371$20,735$16,197$9,857
22 years$39,325$31,067$24,305$18,853$14,518$8,582
23 years$37,217$29,056$22,441$17,170$13,032$7,479
24 years$35,288$27,224$20,754$15,660$11,714$6,524
25 years$33,516$25,548$19,223$14,302$10,541$5,696
26 years$31,883$24,011$17,828$13,077$9,495$4,977
27 years$30,373$22,597$16,555$11,969$8,560$4,351
28 years$28,974$21,293$15,390$10,966$7,724$3,805
29 years$27,674$20,088$14,322$10,056$6,975$3,330
30 years$26,462$18,971$13,340$9,229$6,302$2,915
31 years$25,331$17,934$12,436$8,476$5,698$2,553
32 years$24,273$16,969$11,603$7,790$5,154$2,237
33 years$23,281$16,070$10,834$7,164$4,664$1,960
34 years$22,349$15,230$10,123$6,591$4,223$1,718
35 years$21,473$14,446$9,464$6,067$3,825$1,506
36 years$20,647$13,711$8,853$5,588$3,466$1,321
37 years$19,868$13,022$8,287$5,149$3,141$1,158
38 years$19,131$12,376$7,760$4,746$2,848$1,016
39 years$18,434$11,768$7,270$4,376$2,582$891
40 years$17,773$11,197$6,815$4,036$2,342$782
41 years$17,146$10,658$6,390$3,724$2,125$686
42 years$16,551$10,150$5,994$3,436$1,928$602
43 years$15,985$9,671$5,624$3,172$1,750$528
44 years$15,446$9,219$5,280$2,929$1,588$463
45 years$14,932$8,791$4,957$2,705$1,442$407
46 years$14,443$8,386$4,656$2,499$1,309$357
47 years$13,975$8,003$4,374$2,309$1,189$313
48 years$13,528$7,640$4,111$2,133$1,080$275
49 years$13,101$7,296$3,864$1,971$981$241
50 years$12,693$6,969$3,632$1,822$891$212

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $13,000,000, adding $4,763 every year, while hoping to spend $58,379 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: 83/7/10 Blend
72$13,000,000$13,000,000$13,000,000$13,000,000
73$14,330,913$13,641,913$13,440,413$15,498,256
74$15,730,551$14,248,252$13,828,552$16,869,216
75$17,270,996$14,882,345$14,227,737$18,366,195
76$18,966,548$15,545,490$14,638,277$20,008,357
77$20,832,965$16,239,048$15,060,487$21,810,248
78$22,887,608$16,964,442$15,494,695$23,787,885
79$25,149,610$17,723,166$15,941,233$25,958,913
80$27,640,052$18,516,782$16,400,446$28,342,764
81$30,382,161$19,346,929$16,872,685$30,960,842
82$33,401,535$20,215,322$17,358,314$33,836,720
83$36,726,378$21,123,758$17,857,703$36,996,368
84$40,387,767$22,074,122$18,371,235$40,468,390
85$44,419,951$23,068,385$18,899,303$44,284,296
86$48,860,665$24,108,615$19,442,308$48,478,794
87$53,751,493$25,196,977$20,000,666$53,090,123
88$59,138,257$26,335,741$20,574,800$58,160,405
89$65,071,451$27,527,284$21,165,147$63,736,044
90$71,606,714$28,774,097$21,772,156$69,868,161
91$78,805,361$30,078,790$22,396,285$76,613,076
92$86,734,955$31,444,097$23,038,008$84,032,839
93$95,469,949$32,872,886$23,697,809$92,195,806
94$105,092,384$34,368,158$24,376,186$101,177,294
95$115,692,669$35,933,060$25,073,650$111,060,277
96$127,370,431$37,570,889$25,790,727$121,936,178
97$140,235,454$39,285,101$26,527,955$133,905,720
98$154,408,716$41,079,317$27,285,887$147,079,883
99$170,023,531$42,957,330$28,065,091$161,580,940
100$187,226,810$44,923,117$28,866,150$177,543,616