Cluster dynamics (CD) is used to study the evolution of the size distributions of vacancy clusters (VC), self-interstitial atom (SIA) clusters (SIAC) and Cr precipitates in neutron irradiated Fe-12.5at%Cr alloys at T = 573 K with irradiation doses up to 12 dpa and a flux of 140 ndpa/s. Transmission electron microscopy (TEM) and small angle neutron scattering (SANS) data on the defect structure of this material irradiated at doses of 0.6 and 1.5 dpa are used to calibrate the model. A saturation behavior was found by CD for the free vacancy and free SIA concentrations as well as for the number density of the SIAC and the volume fraction of the Cr precipitates for neutron exposures above 0.006 dpa. The CD simulations also indicate the presence of VC with radii less than 0.5 nm and a strong SIAC peak with a mean diameter of about 0.5 nm, both invisible in SANS and TEM experiments. A specific surface tension of about 0.028 J/m2 between the a matrix and the Cr-rich a' precipitate was found as best fit value for reproducing the long-term Cr evolution in the irradiated Fe-12.5%Cr alloys observed by SANS.