Can I retire at age 73 with 6,300,000?

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 $6,300,000?

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%
1 years$520,248$515,614$511,093$506,680$502,371$493,845
2 years$257,549$252,752$248,103$243,596$239,224$230,661
3 years$169,994$165,176$160,539$156,074$151,774$143,439
4 years$126,225$121,422$116,831$112,443$108,246$100,205
5 years$99,970$95,196$90,666$86,367$82,287$74,563
6 years$82,473$77,735$73,272$69,068$65,111$57,712
7 years$69,980$65,282$60,889$56,785$52,953$45,881
8 years$60,614$55,958$51,639$47,635$43,929$37,183
9 years$53,333$48,722$44,476$40,575$36,995$30,571
10 years$47,512$42,946$38,776$34,976$31,521$25,414
11 years$42,753$38,232$34,137$30,439$27,110$21,313
12 years$38,789$34,315$30,296$26,700$23,493$17,998
13 years$35,438$31,011$27,068$23,572$20,486$15,286
14 years$32,569$28,188$24,320$20,924$17,958$13,043
15 years$30,084$25,750$21,958$18,661$15,812$11,173
16 years$27,911$23,625$19,908$16,709$13,974$9,602
17 years$25,997$21,758$18,116$15,013$12,391$8,274
18 years$24,297$20,106$16,537$13,529$11,017$7,147
19 years$22,777$18,634$15,139$12,225$9,820$6,185
20 years$21,412$17,315$13,894$11,072$8,771$5,362
21 years$20,178$16,128$12,780$10,049$7,849$4,655
22 years$19,057$15,055$11,778$9,136$7,036$4,046
23 years$18,036$14,081$10,875$8,321$6,316$3,521
24 years$17,101$13,193$10,058$7,589$5,677$3,067
25 years$16,242$12,381$9,316$6,931$5,108$2,673
26 years$15,451$11,636$8,640$6,337$4,601$2,332
27 years$14,719$10,951$8,023$5,801$4,148$2,035
28 years$14,041$10,319$7,458$5,315$3,743$1,777
29 years$13,411$9,735$6,940$4,874$3,380$1,553
30 years$12,824$9,193$6,465$4,473$3,054$1,357
31 years$12,276$8,691$6,027$4,108$2,761$1,187
32 years$11,763$8,223$5,623$3,775$2,498$1,038
33 years$11,282$7,788$5,250$3,472$2,260$908
34 years$10,831$7,381$4,906$3,194$2,047$794
35 years$10,406$7,001$4,586$2,940$1,854$695
36 years$10,006$6,645$4,291$2,708$1,679$609
37 years$9,628$6,311$4,016$2,495$1,522$533
38 years$9,271$5,998$3,761$2,300$1,380$467
39 years$8,933$5,703$3,523$2,121$1,251$409
40 years$8,613$5,426$3,302$1,956$1,135$358
41 years$8,309$5,165$3,097$1,805$1,030$313
42 years$8,021$4,919$2,905$1,665$934$274
43 years$7,746$4,687$2,726$1,537$848$240
44 years$7,485$4,468$2,559$1,419$770$211
45 years$7,236$4,260$2,402$1,311$699$185
46 years$6,999$4,064$2,256$1,211$634$162
47 years$6,773$3,878$2,120$1,119$576$142
48 years$6,556$3,702$1,992$1,034$523$124
49 years$6,349$3,536$1,872$955$475$109
50 years$6,151$3,377$1,760$883$432$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $6,300,000, adding $4,734 every year, while hoping to spend $46,142 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: 54/37/9 Blend
72$6,300,000$6,300,000$6,300,000$6,300,000
73$6,947,483$6,613,583$6,515,933$7,306,946
74$7,607,032$6,888,554$6,685,122$7,826,006
75$8,332,308$7,175,452$6,858,433$8,385,195
76$9,129,967$7,474,813$7,035,954$8,992,691
77$10,007,341$7,787,197$7,217,776$9,653,082
78$10,972,511$8,113,190$7,403,993$10,371,413
79$12,034,377$8,453,407$7,594,696$11,153,229
80$13,202,748$8,808,488$7,789,983$12,004,623
81$14,488,430$9,179,105$7,989,949$12,932,296
82$15,903,330$9,565,961$8,194,692$13,943,615
83$17,460,567$9,969,791$8,404,312$15,046,684
84$19,174,599$10,391,365$8,618,910$16,250,412
85$21,061,353$10,831,486$8,838,589$17,564,600
86$23,138,380$11,290,999$9,063,451$19,000,029
87$25,425,021$11,770,783$9,293,602$20,568,560
88$27,942,584$12,271,763$9,529,149$22,283,243
89$30,714,552$12,794,904$9,770,200$24,158,435
90$33,766,797$13,341,215$10,016,863$26,209,937
91$37,127,832$13,911,756$10,269,249$28,455,135
92$40,829,072$14,507,633$10,527,470$30,913,165
93$44,905,136$15,130,006$10,791,639$33,605,088
94$49,394,171$15,780,087$11,061,870$36,554,087
95$54,338,212$16,459,147$11,338,278$39,785,679
96$59,783,578$17,168,514$11,620,979$43,327,956
97$65,781,312$17,909,580$11,910,091$47,211,843
98$72,387,660$18,683,803$12,205,733$51,471,387
99$79,664,599$19,492,707$12,508,023$56,144,073
100$87,680,428$20,337,890$12,817,081$61,271,177