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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.7%
1 years$511,990$507,430$502,980$498,637$494,397$482,837
2 years$253,460$248,740$244,165$239,729$235,427$223,847
3 years$167,295$162,554$157,991$153,597$149,365$138,125
4 years$124,221$119,495$114,977$110,658$106,528$95,716
5 years$98,383$93,685$89,227$84,996$80,981$70,627
6 years$81,164$76,501$72,109$67,972$64,077$54,192
7 years$68,869$64,245$59,923$55,883$52,112$42,696
8 years$59,652$55,070$50,819$46,879$43,232$34,283
9 years$52,487$47,949$43,770$39,931$36,408$27,917
10 years$46,758$42,264$38,160$34,421$31,021$22,981
11 years$42,074$37,625$33,596$29,956$26,679$19,077
12 years$38,174$33,771$29,815$26,276$23,120$15,944
13 years$34,876$30,519$26,638$23,198$20,161$13,398
14 years$32,052$27,741$23,934$20,592$17,673$11,309
15 years$29,606$25,342$21,609$18,365$15,561$9,580
16 years$27,468$23,250$19,592$16,443$13,752$8,141
17 years$25,584$21,413$17,828$14,774$12,194$6,935
18 years$23,911$19,786$16,275$13,315$10,842$5,921
19 years$22,416$18,338$14,899$12,031$9,664$5,063
20 years$21,072$17,040$13,673$10,896$8,632$4,337
21 years$19,857$15,872$12,577$9,889$7,725$3,720
22 years$18,755$14,816$11,591$8,991$6,924$3,194
23 years$17,750$13,857$10,703$8,189$6,215$2,745
24 years$16,830$12,984$9,898$7,469$5,587$2,361
25 years$15,985$12,184$9,168$6,821$5,027$2,032
26 years$15,206$11,451$8,503$6,237$4,528$1,750
27 years$14,486$10,777$7,895$5,708$4,083$1,507
28 years$13,818$10,155$7,340$5,230$3,684$1,299
29 years$13,198$9,580$6,830$4,796$3,326$1,120
30 years$12,621$9,048$6,362$4,402$3,006$966
31 years$12,081$8,553$5,931$4,043$2,717$834
32 years$11,576$8,093$5,534$3,715$2,458$720
33 years$11,103$7,664$5,167$3,416$2,224$621
34 years$10,659$7,264$4,828$3,143$2,014$536
35 years$10,241$6,890$4,514$2,894$1,824$463
36 years$9,847$6,539$4,222$2,665$1,653$400
37 years$9,475$6,211$3,952$2,455$1,498$345
38 years$9,124$5,902$3,701$2,263$1,358$298
39 years$8,791$5,613$3,467$2,087$1,232$258
40 years$8,476$5,340$3,250$1,925$1,117$223
41 years$8,177$5,083$3,047$1,776$1,013$192
42 years$7,894$4,841$2,859$1,639$920$166
43 years$7,624$4,612$2,682$1,513$835$144
44 years$7,366$4,397$2,518$1,397$758$124
45 years$7,122$4,193$2,364$1,290$688$107
46 years$6,888$4,000$2,221$1,192$624$93
47 years$6,665$3,817$2,086$1,101$567$80
48 years$6,452$3,644$1,960$1,017$515$69
49 years$6,248$3,480$1,843$940$468$60
50 years$6,053$3,324$1,732$869$425$52

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 $2,056 every year, while hoping to spend $36,457 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: 30/42/28 Blend
72$6,200,000$6,200,000$6,200,000$6,200,000
73$6,834,521$6,505,921$6,409,821$6,980,617
74$7,492,852$6,785,921$6,585,760$7,375,014
75$8,217,111$7,078,419$6,766,371$7,795,662
76$9,013,984$7,383,990$6,951,772$8,247,464
77$9,890,838$7,703,233$7,142,084$8,733,156
78$10,855,790$8,036,778$7,337,431$9,255,733
79$11,917,784$8,385,283$7,537,938$9,818,479
80$13,086,675$8,749,439$7,743,735$10,424,994
81$14,373,320$9,129,966$7,954,955$11,079,224
82$15,789,686$9,527,621$8,171,733$11,785,496
83$17,348,954$9,943,195$8,394,207$12,548,558
84$19,065,653$10,377,517$8,622,518$13,373,619
85$20,955,789$10,831,454$8,856,812$14,266,394
86$23,037,000$11,305,916$9,097,235$15,233,159
87$25,328,722$11,801,854$9,343,940$16,280,801
88$27,852,370$12,320,264$9,597,081$17,416,885
89$30,631,545$12,862,189$9,856,816$18,649,718
90$33,692,249$13,428,724$10,123,307$19,988,426
91$37,063,139$14,021,012$10,396,718$21,443,033
92$40,775,789$14,640,251$10,677,218$23,024,556
93$44,864,994$15,287,698$10,964,979$24,745,102
94$49,369,096$15,964,667$11,260,178$26,617,975
95$54,330,344$16,672,536$11,562,994$28,657,802
96$59,795,295$17,412,746$11,873,611$30,880,665
97$65,815,254$18,186,810$12,192,216$33,304,245
98$72,446,755$18,996,309$12,519,000$35,947,984
99$79,752,097$19,842,901$12,854,160$38,833,266
100$87,799,932$20,728,324$13,197,894$41,983,610