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%14%
1 years$511,990$507,430$502,980$498,637$494,397$486,206
2 years$253,460$248,740$244,165$239,729$235,427$227,199
3 years$167,295$162,554$157,991$153,597$149,365$141,355
4 years$124,221$119,495$114,977$110,658$106,528$98,799
5 years$98,383$93,685$89,227$84,996$80,981$73,555
6 years$81,164$76,501$72,109$67,972$64,077$56,963
7 years$68,869$64,245$59,923$55,883$52,112$45,311
8 years$59,652$55,070$50,819$46,879$43,232$36,743
9 years$52,487$47,949$43,770$39,931$36,408$30,227
10 years$46,758$42,264$38,160$34,421$31,021$25,143
11 years$42,074$37,625$33,596$29,956$26,679$21,099
12 years$38,174$33,771$29,815$26,276$23,120$17,829
13 years$34,876$30,519$26,638$23,198$20,161$15,152
14 years$32,052$27,741$23,934$20,592$17,673$12,938
15 years$29,606$25,342$21,609$18,365$15,561$11,090
16 years$27,468$23,250$19,592$16,443$13,752$9,537
17 years$25,584$21,413$17,828$14,774$12,194$8,224
18 years$23,911$19,786$16,275$13,315$10,842$7,109
19 years$22,416$18,338$14,899$12,031$9,664$6,157
20 years$21,072$17,040$13,673$10,896$8,632$5,341
21 years$19,857$15,872$12,577$9,889$7,725$4,641
22 years$18,755$14,816$11,591$8,991$6,924$4,037
23 years$17,750$13,857$10,703$8,189$6,215$3,516
24 years$16,830$12,984$9,898$7,469$5,587$3,064
25 years$15,985$12,184$9,168$6,821$5,027$2,673
26 years$15,206$11,451$8,503$6,237$4,528$2,334
27 years$14,486$10,777$7,895$5,708$4,083$2,039
28 years$13,818$10,155$7,340$5,230$3,684$1,782
29 years$13,198$9,580$6,830$4,796$3,326$1,558
30 years$12,621$9,048$6,362$4,402$3,006$1,363
31 years$12,081$8,553$5,931$4,043$2,717$1,192
32 years$11,576$8,093$5,534$3,715$2,458$1,044
33 years$11,103$7,664$5,167$3,416$2,224$914
34 years$10,659$7,264$4,828$3,143$2,014$800
35 years$10,241$6,890$4,514$2,894$1,824$701
36 years$9,847$6,539$4,222$2,665$1,653$614
37 years$9,475$6,211$3,952$2,455$1,498$538
38 years$9,124$5,902$3,701$2,263$1,358$472
39 years$8,791$5,613$3,467$2,087$1,232$413
40 years$8,476$5,340$3,250$1,925$1,117$362
41 years$8,177$5,083$3,047$1,776$1,013$318
42 years$7,894$4,841$2,859$1,639$920$278
43 years$7,624$4,612$2,682$1,513$835$244
44 years$7,366$4,397$2,518$1,397$758$214
45 years$7,122$4,193$2,364$1,290$688$188
46 years$6,888$4,000$2,221$1,192$624$165
47 years$6,665$3,817$2,086$1,101$567$144
48 years$6,452$3,644$1,960$1,017$515$127
49 years$6,248$3,480$1,843$940$468$111
50 years$6,053$3,324$1,732$869$425$97

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 $2,120 every year, while hoping to spend $32,561 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: 62/29/9 Blend
72$6,200,000$6,200,000$6,200,000$6,200,000
73$6,834,587$6,505,987$6,409,887$7,244,889
74$7,497,070$6,790,135$6,589,973$7,803,679
75$8,226,035$7,087,116$6,775,001$8,409,380
76$9,028,229$7,397,523$6,965,102$9,069,673
77$9,911,086$7,721,979$7,160,411$9,789,839
78$10,882,796$8,061,136$7,361,064$10,575,685
79$11,952,385$8,415,675$7,567,203$11,433,599
80$13,129,798$8,786,313$7,778,974$12,370,607
81$14,425,993$9,173,798$7,996,525$13,394,437
82$15,853,043$9,578,913$8,220,008$14,513,591
83$17,424,254$10,002,480$8,449,579$15,737,425
84$19,154,286$10,445,360$8,685,398$17,076,231
85$21,059,293$10,908,452$8,927,629$18,541,336
86$23,157,076$11,392,701$9,176,439$20,145,205
87$25,467,249$11,899,095$9,432,001$21,901,557
88$28,011,427$12,428,669$9,694,492$23,825,489
89$30,813,426$12,982,507$9,964,091$25,933,623
90$33,899,492$13,561,746$10,240,984$28,244,251
91$37,298,543$14,167,575$10,525,360$30,777,514
92$41,042,449$14,801,241$10,817,414$33,555,582
93$45,166,326$15,464,049$11,117,344$36,602,864
94$49,708,871$16,157,367$11,425,356$39,946,235
95$54,712,727$16,882,629$11,741,656$43,615,285
96$60,224,882$17,641,335$12,066,459$47,642,596
97$66,297,119$18,435,059$12,399,984$52,064,046
98$72,986,496$19,265,449$12,742,454$56,919,144
99$80,355,893$20,134,230$13,094,101$62,251,395
100$88,474,599$21,043,211$13,455,158$68,108,716