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%18.9%
1 years$511,990$507,430$502,980$498,637$494,397$476,665
2 years$253,460$248,740$244,165$239,729$235,427$217,755
3 years$167,295$162,554$157,991$153,597$149,365$132,307
4 years$124,221$119,495$114,977$110,658$106,528$90,215
5 years$98,383$93,685$89,227$84,996$80,981$65,456
6 years$81,164$76,501$72,109$67,972$64,077$49,351
7 years$68,869$64,245$59,923$55,883$52,112$38,182
8 years$59,652$55,070$50,819$46,879$43,232$30,086
9 years$52,487$47,949$43,770$39,931$36,408$24,028
10 years$46,758$42,264$38,160$34,421$31,021$19,387
11 years$42,074$37,625$33,596$29,956$26,679$15,766
12 years$38,174$33,771$29,815$26,276$23,120$12,901
13 years$34,876$30,519$26,638$23,198$20,161$10,609
14 years$32,052$27,741$23,934$20,592$17,673$8,758
15 years$29,606$25,342$21,609$18,365$15,561$7,254
16 years$27,468$23,250$19,592$16,443$13,752$6,024
17 years$25,584$21,413$17,828$14,774$12,194$5,013
18 years$23,911$19,786$16,275$13,315$10,842$4,179
19 years$22,416$18,338$14,899$12,031$9,664$3,489
20 years$21,072$17,040$13,673$10,896$8,632$2,917
21 years$19,857$15,872$12,577$9,889$7,725$2,440
22 years$18,755$14,816$11,591$8,991$6,924$2,044
23 years$17,750$13,857$10,703$8,189$6,215$1,713
24 years$16,830$12,984$9,898$7,469$5,587$1,436
25 years$15,985$12,184$9,168$6,821$5,027$1,205
26 years$15,206$11,451$8,503$6,237$4,528$1,011
27 years$14,486$10,777$7,895$5,708$4,083$849
28 years$13,818$10,155$7,340$5,230$3,684$713
29 years$13,198$9,580$6,830$4,796$3,326$599
30 years$12,621$9,048$6,362$4,402$3,006$503
31 years$12,081$8,553$5,931$4,043$2,717$423
32 years$11,576$8,093$5,534$3,715$2,458$355
33 years$11,103$7,664$5,167$3,416$2,224$299
34 years$10,659$7,264$4,828$3,143$2,014$251
35 years$10,241$6,890$4,514$2,894$1,824$211
36 years$9,847$6,539$4,222$2,665$1,653$177
37 years$9,475$6,211$3,952$2,455$1,498$149
38 years$9,124$5,902$3,701$2,263$1,358$125
39 years$8,791$5,613$3,467$2,087$1,232$105
40 years$8,476$5,340$3,250$1,925$1,117$89
41 years$8,177$5,083$3,047$1,776$1,013$75
42 years$7,894$4,841$2,859$1,639$920$63
43 years$7,624$4,612$2,682$1,513$835$53
44 years$7,366$4,397$2,518$1,397$758$44
45 years$7,122$4,193$2,364$1,290$688$37
46 years$6,888$4,000$2,221$1,192$624$31
47 years$6,665$3,817$2,086$1,101$567$26
48 years$6,452$3,644$1,960$1,017$515$22
49 years$6,248$3,480$1,843$940$468$19
50 years$6,053$3,324$1,732$869$425$16

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 $3,319 every year, while hoping to spend $34,462 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: 77/14/9 Blend
72$6,200,000$6,200,000$6,200,000$6,200,000
73$6,835,824$6,507,224$6,411,124$7,352,149
74$7,496,410$6,789,410$6,589,229$7,974,236
75$8,223,222$7,084,269$6,772,146$8,651,384
76$9,022,977$7,392,384$6,959,999$9,392,836
77$9,903,078$7,714,369$7,152,916$10,204,976
78$10,871,681$8,050,862$7,351,029$11,094,832
79$11,937,775$8,402,537$7,554,470$12,070,141
80$13,111,261$8,770,094$7,763,378$13,139,421
81$14,403,052$9,154,271$7,977,894$14,312,054
82$15,825,170$9,555,837$8,198,160$15,598,367
83$17,390,865$9,975,600$8,424,325$17,009,735
84$19,114,733$10,414,405$8,656,540$18,558,683
85$21,012,860$10,873,135$8,894,959$20,259,006
86$23,102,972$11,352,719$9,139,740$22,125,893
87$25,404,600$11,854,127$9,391,046$24,176,076
88$27,939,265$12,378,375$9,649,042$26,427,982
89$30,730,683$12,926,528$9,913,898$28,901,907
90$33,804,986$13,499,702$10,185,787$31,620,205
91$37,190,971$14,099,063$10,464,887$34,607,499
92$40,920,369$14,725,837$10,751,380$37,890,912
93$45,028,148$15,381,304$11,045,453$41,500,320
94$49,552,838$16,066,807$11,347,294$45,468,634
95$54,536,899$16,783,752$11,657,100$49,832,105
96$60,027,119$17,533,612$11,975,069$54,630,673
97$66,075,056$18,317,929$12,301,404$59,908,330
98$72,737,525$19,138,322$12,636,315$65,713,545
99$80,077,135$19,996,482$12,980,014$72,099,711
100$88,162,877$20,894,184$13,332,719$79,125,651