Can I retire at age 73 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$999,207$990,306$981,623$973,147$964,871$935,859
2 years$494,657$485,444$476,516$467,859$459,462$430,478
3 years$326,495$317,243$308,337$299,762$291,502$263,453
4 years$242,431$233,207$224,391$215,962$207,902$181,004
5 years$192,006$182,837$174,136$165,879$158,043$132,370
6 years$158,400$149,300$140,728$132,655$125,054$100,628
7 years$134,405$125,382$116,946$109,063$101,703$78,522
8 years$116,417$107,476$99,179$91,490$84,372$62,423
9 years$102,434$93,577$85,423$77,929$71,054$50,313
10 years$91,254$82,484$74,474$67,176$60,541$40,979
11 years$82,113$73,430$65,565$58,463$52,067$33,650
12 years$74,500$65,907$58,188$51,280$45,121$27,811
13 years$68,064$59,561$51,987$45,273$39,346$23,105
14 years$62,552$54,139$46,710$40,188$34,490$19,275
15 years$57,780$49,457$42,173$35,841$30,368$16,135
16 years$53,608$45,376$38,236$32,091$26,839$13,545
17 years$49,930$41,789$34,793$28,834$23,798$11,397
18 years$46,665$38,615$31,762$25,985$21,160$9,608
19 years$43,747$35,788$29,077$23,480$18,860$8,113
20 years$41,124$33,256$26,685$21,265$16,846$6,860
21 years$38,754$30,977$24,545$19,300$15,076$5,807
22 years$36,602$28,916$22,622$17,548$13,513$4,920
23 years$34,641$27,044$20,887$15,981$12,130$4,172
24 years$32,845$25,339$19,317$14,576$10,903$3,541
25 years$31,196$23,779$17,892$13,311$9,811$3,006
26 years$29,676$22,349$16,594$12,171$8,837$2,554
27 years$28,271$21,033$15,409$11,141$7,968$2,170
28 years$26,968$19,819$14,324$10,207$7,189$1,845
29 years$25,758$18,697$13,330$9,360$6,492$1,569
30 years$24,630$17,657$12,416$8,590$5,866$1,334
31 years$23,578$16,692$11,576$7,890$5,303$1,135
32 years$22,593$15,794$10,800$7,251$4,797$966
33 years$21,669$14,957$10,084$6,668$4,341$822
34 years$20,802$14,176$9,422$6,135$3,931$700
35 years$19,986$13,446$8,809$5,647$3,560$596
36 years$19,218$12,762$8,241$5,201$3,226$507
37 years$18,492$12,121$7,713$4,792$2,924$432
38 years$17,806$11,519$7,223$4,417$2,650$368
39 years$17,158$10,954$6,767$4,073$2,403$313
40 years$16,543$10,421$6,343$3,757$2,180$267
41 years$15,959$9,920$5,948$3,466$1,978$227
42 years$15,405$9,448$5,579$3,199$1,795$193
43 years$14,878$9,002$5,235$2,953$1,629$165
44 years$14,377$8,581$4,914$2,726$1,478$140
45 years$13,899$8,182$4,614$2,518$1,342$119
46 years$13,443$7,806$4,334$2,326$1,219$102
47 years$13,008$7,449$4,071$2,149$1,107$87
48 years$12,592$7,111$3,826$1,985$1,005$74
49 years$12,194$6,791$3,596$1,835$913$63
50 years$11,814$6,487$3,381$1,696$829$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $12,100,000, adding $4,684 every year, while hoping to spend $27,021 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: 66/15/19 Blend
72$12,100,000$12,100,000$12,100,000$12,100,000
73$13,339,032$12,697,732$12,510,182$14,155,903
74$14,670,863$13,291,170$12,900,522$15,297,318
75$16,137,635$13,912,782$13,303,034$16,541,054
76$17,753,084$14,563,918$13,718,096$17,900,038
77$19,532,345$15,245,997$14,146,099$19,385,578
78$21,492,096$15,960,503$14,587,446$21,010,118
79$23,650,718$16,708,995$15,042,552$22,787,352
80$26,028,461$17,493,106$15,511,848$24,732,350
81$28,647,642$18,314,547$15,995,773$26,861,702
82$31,532,856$19,175,113$16,494,786$29,193,665
83$34,711,200$20,076,687$17,009,354$31,748,338
84$38,212,538$21,021,240$17,539,963$34,547,847
85$42,069,778$22,010,842$18,087,113$37,616,550
86$46,319,183$23,047,660$18,651,318$40,981,263
87$51,000,712$24,133,969$19,233,110$44,671,514
88$56,158,403$25,272,151$19,833,037$48,719,813
89$61,840,780$26,464,706$20,451,664$53,161,958
90$68,101,317$27,714,254$21,089,572$58,037,368
91$74,998,941$29,023,543$21,747,363$63,389,452
92$82,598,589$30,395,452$22,425,655$69,266,015
93$90,971,818$31,833,003$23,125,088$75,719,703
94$100,197,484$33,339,360$23,846,319$82,808,497
95$110,362,484$34,917,846$24,590,027$90,596,254
96$121,562,577$36,571,940$25,356,913$99,153,308
97$133,903,288$38,305,292$26,147,697$108,557,124
98$147,500,903$40,121,731$26,963,125$118,893,029
99$162,483,568$42,025,270$27,803,963$130,255,009
100$178,992,499$44,020,115$28,671,002$142,746,589