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%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,023,684
2 years$531,449$521,552$511,959$502,659$493,637$480,603
3 years$350,780$340,840$331,272$322,058$313,184$300,474
4 years$260,463$250,553$241,081$232,025$223,365$211,078
5 years$206,287$196,437$187,089$178,217$169,799$157,969
6 years$170,182$160,405$151,195$142,522$134,356$122,999
7 years$144,402$134,708$125,644$117,175$109,267$98,387
8 years$125,077$115,470$106,556$98,295$90,648$80,243
9 years$110,053$100,537$91,777$83,726$76,339$66,405
10 years$98,042$88,619$80,013$72,172$65,044$55,575
11 years$88,220$78,892$70,442$62,812$55,940$46,927
12 years$80,042$70,809$62,516$55,094$48,477$39,909
13 years$73,127$63,991$55,854$48,640$42,273$34,140
14 years$67,205$58,166$50,185$43,177$37,056$29,346
15 years$62,077$53,136$45,310$38,506$32,627$25,328
16 years$57,595$48,751$41,080$34,478$28,836$21,934
17 years$53,644$44,898$37,381$30,978$25,568$19,049
18 years$50,136$41,488$34,124$27,918$22,734$16,585
19 years$47,001$38,450$31,239$25,226$20,263$14,469
20 years$44,183$35,730$28,670$22,847$18,099$12,646
21 years$41,637$33,281$26,371$20,735$16,197$11,070
22 years$39,325$31,067$24,305$18,853$14,518$9,704
23 years$37,217$29,056$22,441$17,170$13,032$8,516
24 years$35,288$27,224$20,754$15,660$11,714$7,481
25 years$33,516$25,548$19,223$14,302$10,541$6,578
26 years$31,883$24,011$17,828$13,077$9,495$5,788
27 years$30,373$22,597$16,555$11,969$8,560$5,097
28 years$28,974$21,293$15,390$10,966$7,724$4,491
29 years$27,674$20,088$14,322$10,056$6,975$3,959
30 years$26,462$18,971$13,340$9,229$6,302$3,491
31 years$25,331$17,934$12,436$8,476$5,698$3,080
32 years$24,273$16,969$11,603$7,790$5,154$2,719
33 years$23,281$16,070$10,834$7,164$4,664$2,400
34 years$22,349$15,230$10,123$6,591$4,223$2,120
35 years$21,473$14,446$9,464$6,067$3,825$1,873
36 years$20,647$13,711$8,853$5,588$3,466$1,654
37 years$19,868$13,022$8,287$5,149$3,141$1,462
38 years$19,131$12,376$7,760$4,746$2,848$1,292
39 years$18,434$11,768$7,270$4,376$2,582$1,142
40 years$17,773$11,197$6,815$4,036$2,342$1,010
41 years$17,146$10,658$6,390$3,724$2,125$893
42 years$16,551$10,150$5,994$3,436$1,928$790
43 years$15,985$9,671$5,624$3,172$1,750$698
44 years$15,446$9,219$5,280$2,929$1,588$618
45 years$14,932$8,791$4,957$2,705$1,442$546
46 years$14,443$8,386$4,656$2,499$1,309$483
47 years$13,975$8,003$4,374$2,309$1,189$427
48 years$13,528$7,640$4,111$2,133$1,080$378
49 years$13,101$7,296$3,864$1,971$981$334
50 years$12,693$6,969$3,632$1,822$891$296

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 $5,471 every year, while hoping to spend $30,177 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: 65/27/8 Blend
72$13,000,000$13,000,000$13,000,000$13,000,000
73$14,331,643$13,642,643$13,441,143$15,240,612
74$15,761,363$14,279,025$13,859,314$16,482,640
75$17,335,902$14,945,577$14,290,481$17,835,003
76$19,070,002$15,643,748$14,735,049$19,311,723
77$20,979,903$16,375,053$15,193,435$20,924,901
78$23,083,504$17,141,081$15,666,066$22,687,841
79$25,400,528$17,943,501$16,153,385$24,615,180
80$27,952,706$18,784,057$16,655,849$26,723,017
81$30,763,989$19,664,583$17,173,926$29,029,065
82$33,860,766$20,586,997$17,708,103$31,552,811
83$37,272,118$21,553,314$18,258,878$34,315,697
84$41,030,091$22,565,643$18,826,768$37,341,318
85$45,169,998$23,626,198$19,412,302$40,655,640
86$49,730,753$24,737,296$20,016,029$44,287,238
87$54,755,238$25,901,372$20,638,514$48,267,565
88$60,290,706$27,120,973$21,280,338$52,631,239
89$66,389,231$28,398,773$21,942,102$57,416,367
90$73,108,195$29,737,575$22,624,425$62,664,896
91$80,510,831$31,140,317$23,327,944$68,423,007
92$88,666,823$32,610,080$24,053,317$74,741,540
93$97,652,959$34,150,094$24,801,223$81,676,469
94$107,553,858$35,763,745$25,572,361$89,289,425
95$118,462,767$37,454,585$26,367,451$97,648,266
96$130,482,445$39,226,335$27,187,236$106,827,714
97$143,726,130$41,082,901$28,032,484$116,910,049
98$158,318,606$43,028,374$28,903,983$127,985,882
99$174,397,386$45,067,046$29,802,548$140,154,993
100$192,114,005$47,203,417$30,729,020$153,527,273