Can I retire at age 73 with 6,200,000?

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$511,990$507,430$502,980$498,637$494,397$490,664
2 years$253,460$248,740$244,165$239,729$235,427$231,664
3 years$167,295$162,554$157,991$153,597$149,365$145,687
4 years$124,221$119,495$114,977$110,658$106,528$102,965
5 years$98,383$93,685$89,227$84,996$80,981$77,543
6 years$81,164$76,501$72,109$67,972$64,077$60,769
7 years$68,869$64,245$59,923$55,883$52,112$48,934
8 years$59,652$55,070$50,819$46,879$43,232$40,185
9 years$52,487$47,949$43,770$39,931$36,408$33,490
10 years$46,758$42,264$38,160$34,421$31,021$28,232
11 years$42,074$37,625$33,596$29,956$26,679$24,016
12 years$38,174$33,771$29,815$26,276$23,120$20,580
13 years$34,876$30,519$26,638$23,198$20,161$17,742
14 years$32,052$27,741$23,934$20,592$17,673$15,373
15 years$29,606$25,342$21,609$18,365$15,561$13,375
16 years$27,468$23,250$19,592$16,443$13,752$11,679
17 years$25,584$21,413$17,828$14,774$12,194$10,228
18 years$23,911$19,786$16,275$13,315$10,842$8,981
19 years$22,416$18,338$14,899$12,031$9,664$7,904
20 years$21,072$17,040$13,673$10,896$8,632$6,969
21 years$19,857$15,872$12,577$9,889$7,725$6,156
22 years$18,755$14,816$11,591$8,991$6,924$5,445
23 years$17,750$13,857$10,703$8,189$6,215$4,822
24 years$16,830$12,984$9,898$7,469$5,587$4,276
25 years$15,985$12,184$9,168$6,821$5,027$3,795
26 years$15,206$11,451$8,503$6,237$4,528$3,371
27 years$14,486$10,777$7,895$5,708$4,083$2,997
28 years$13,818$10,155$7,340$5,230$3,684$2,666
29 years$13,198$9,580$6,830$4,796$3,326$2,373
30 years$12,621$9,048$6,362$4,402$3,006$2,113
31 years$12,081$8,553$5,931$4,043$2,717$1,883
32 years$11,576$8,093$5,534$3,715$2,458$1,679
33 years$11,103$7,664$5,167$3,416$2,224$1,497
34 years$10,659$7,264$4,828$3,143$2,014$1,335
35 years$10,241$6,890$4,514$2,894$1,824$1,191
36 years$9,847$6,539$4,222$2,665$1,653$1,063
37 years$9,475$6,211$3,952$2,455$1,498$949
38 years$9,124$5,902$3,701$2,263$1,358$848
39 years$8,791$5,613$3,467$2,087$1,232$757
40 years$8,476$5,340$3,250$1,925$1,117$676
41 years$8,177$5,083$3,047$1,776$1,013$604
42 years$7,894$4,841$2,859$1,639$920$540
43 years$7,624$4,612$2,682$1,513$835$482
44 years$7,366$4,397$2,518$1,397$758$431
45 years$7,122$4,193$2,364$1,290$688$385
46 years$6,888$4,000$2,221$1,192$624$344
47 years$6,665$3,817$2,086$1,101$567$308
48 years$6,452$3,644$1,960$1,017$515$275
49 years$6,248$3,480$1,843$940$468$246
50 years$6,053$3,324$1,732$869$425$220

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $6,200,000, adding $2,753 every year, while hoping to spend $32,361 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: 50/24/26 Blend
72$6,200,000$6,200,000$6,200,000$6,200,000
73$6,835,240$6,506,640$6,410,540$7,126,702
74$7,498,002$6,791,033$6,590,861$7,614,601
75$8,227,282$7,088,277$6,776,138$8,141,132
76$9,029,830$7,398,968$6,966,504$8,712,788
77$9,913,083$7,723,728$7,162,092$9,333,861
78$10,885,238$8,063,211$7,363,043$10,009,069
79$11,955,325$8,418,101$7,569,497$10,743,598
80$13,133,294$8,789,114$7,781,602$11,543,151
81$14,430,109$9,177,000$7,999,505$12,413,996
82$15,857,853$9,582,545$8,223,360$13,363,031
83$17,429,836$10,006,572$8,453,325$14,397,840
84$19,160,727$10,449,942$8,689,559$15,526,765
85$21,066,690$10,913,558$8,932,229$16,758,984
86$23,165,536$11,398,366$9,181,502$18,104,595
87$25,476,891$11,905,356$9,437,552$19,574,707
88$28,022,380$12,435,565$9,700,557$21,181,545
89$30,825,836$12,990,080$9,970,698$22,938,563
90$33,913,516$13,570,040$10,248,162$24,860,566
91$37,314,359$14,176,636$10,533,139$26,963,851
92$41,060,250$14,811,117$10,825,826$29,266,353
93$45,186,326$15,474,793$11,126,422$31,787,816
94$49,731,307$16,169,033$11,435,132$34,549,976
95$54,737,859$16,895,275$11,752,168$37,576,760
96$60,253,000$17,655,022$12,077,744$40,894,510
97$66,328,538$18,449,851$12,412,082$44,532,231
98$73,021,569$19,281,413$12,755,406$48,521,858
99$80,395,005$20,151,438$13,107,948$52,898,554
100$88,518,177$21,061,740$13,469,946$57,701,040