Can I retire at age 73 with 13,100,000?

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 $13,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,038,900
2 years$535,538$525,564$515,897$506,525$497,434$491,671
3 years$353,479$343,462$333,820$324,536$315,593$309,956
4 years$262,467$252,481$242,935$233,810$225,083$219,617
5 years$207,874$197,948$188,528$179,588$171,105$165,824
6 years$171,491$161,639$152,358$143,618$135,389$130,302
7 years$145,513$135,744$126,611$118,076$110,108$105,216
8 years$126,039$116,358$107,376$99,051$91,345$86,649
9 years$110,900$101,311$92,483$84,370$76,926$72,425
10 years$98,796$89,300$80,629$72,728$65,545$61,236
11 years$88,899$79,499$70,984$63,295$56,371$52,252
12 years$80,658$71,354$62,997$55,518$48,850$44,917
13 years$73,689$64,483$56,283$49,014$42,598$38,848
14 years$67,722$58,613$50,571$43,509$37,341$33,769
15 years$62,555$53,544$45,659$38,803$32,878$29,480
16 years$58,038$49,126$41,396$34,744$29,058$25,828
17 years$54,057$45,243$37,669$31,217$25,764$22,699
18 years$50,522$41,807$34,387$28,133$22,909$20,002
19 years$47,362$38,746$31,480$25,420$20,419$17,665
20 years$44,523$36,005$28,890$23,023$18,239$15,633
21 years$41,957$33,537$26,574$20,895$16,321$13,858
22 years$39,627$31,305$24,492$18,998$14,630$12,304
23 years$37,503$29,279$22,614$17,302$13,133$10,938
24 years$35,559$27,433$20,914$15,780$11,804$9,736
25 years$33,774$25,744$19,370$14,412$10,622$8,674
26 years$32,128$24,196$17,965$13,177$9,568$7,736
27 years$30,607$22,771$16,682$12,061$8,626$6,904
28 years$29,197$21,457$15,508$11,051$7,783$6,166
29 years$27,887$20,242$14,432$10,134$7,028$5,511
30 years$26,666$19,117$13,443$9,300$6,350$4,928
31 years$25,526$18,071$12,532$8,542$5,741$4,409
32 years$24,460$17,099$11,693$7,850$5,194$3,946
33 years$23,460$16,193$10,918$7,219$4,700$3,533
34 years$22,521$15,348$10,201$6,642$4,255$3,165
35 years$21,638$14,557$9,537$6,114$3,854$2,836
36 years$20,806$13,817$8,922$5,631$3,492$2,542
37 years$20,020$13,123$8,350$5,188$3,165$2,279
38 years$19,278$12,471$7,820$4,782$2,869$2,043
39 years$18,575$11,859$7,326$4,409$2,602$1,833
40 years$17,910$11,283$6,867$4,067$2,360$1,644
41 years$17,278$10,740$6,439$3,752$2,141$1,475
42 years$16,678$10,229$6,040$3,463$1,943$1,324
43 years$16,108$9,746$5,668$3,197$1,763$1,188
44 years$15,565$9,290$5,320$2,952$1,601$1,066
45 years$15,047$8,859$4,995$2,726$1,453$957
46 years$14,554$8,451$4,692$2,518$1,319$859
47 years$14,083$8,065$4,408$2,326$1,198$771
48 years$13,632$7,699$4,142$2,150$1,088$693
49 years$13,202$7,352$3,893$1,987$988$622
50 years$12,790$7,023$3,660$1,836$898$558

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $13,100,000, adding $2,517 every year, while hoping to spend $40,590 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: 75/10/15 Blend
72$13,100,000$13,100,000$13,100,000$13,100,000
73$14,438,796$13,744,496$13,541,446$15,474,501
74$15,868,366$14,374,789$13,951,897$16,789,745
75$17,442,392$15,034,606$14,374,738$18,225,561
76$19,175,564$15,725,351$14,810,341$19,798,138
77$21,084,073$16,448,494$15,259,088$21,521,070
78$23,185,757$17,205,579$15,721,376$23,409,325
79$25,500,273$17,998,220$16,197,611$25,479,382
80$28,049,280$18,828,113$16,688,210$27,749,385
81$30,856,648$19,697,031$17,193,606$30,239,314
82$33,948,677$20,606,837$17,714,243$32,971,173
83$37,354,349$21,559,479$18,250,578$35,969,189
84$41,105,602$22,557,002$18,803,081$39,260,047
85$45,237,627$23,601,549$19,372,238$42,873,132
86$49,789,205$24,695,366$19,958,548$46,840,811
87$54,803,070$25,840,805$20,562,526$51,198,730
88$60,326,314$27,040,335$21,184,701$55,986,150
89$66,410,829$28,296,542$21,825,619$61,246,317
90$73,113,798$29,612,137$22,485,842$67,026,865
91$80,498,235$30,989,961$23,165,947$73,380,263
92$88,633,579$32,432,994$23,866,531$80,364,306
93$97,596,352$33,944,358$24,588,207$88,042,663
94$107,470,875$35,527,327$25,331,607$96,485,468
95$118,350,070$37,185,332$26,097,382$105,769,979
96$130,336,333$38,921,969$26,886,200$115,981,311
97$143,542,504$40,741,010$27,698,753$127,213,227
98$158,092,928$42,646,408$28,535,749$139,569,024
99$174,124,631$44,642,307$29,397,922$153,162,503
100$191,788,614$46,733,051$30,286,023$168,119,037