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

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$520,248$515,614$511,093$506,680$502,371$497,331
2 years$257,549$252,752$248,103$243,596$239,224$234,149
3 years$169,994$165,176$160,539$156,074$151,774$146,819
4 years$126,225$121,422$116,831$112,443$108,246$103,451
5 years$99,970$95,196$90,666$86,367$82,287$77,665
6 years$82,473$77,735$73,272$69,068$65,111$60,668
7 years$69,980$65,282$60,889$56,785$52,953$48,691
8 years$60,614$55,958$51,639$47,635$43,929$39,848
9 years$53,333$48,722$44,476$40,575$36,995$33,093
10 years$47,512$42,946$38,776$34,976$31,521$27,797
11 years$42,753$38,232$34,137$30,439$27,110$23,559
12 years$38,789$34,315$30,296$26,700$23,493$20,112
13 years$35,438$31,011$27,068$23,572$20,486$17,272
14 years$32,569$28,188$24,320$20,924$17,958$14,906
15 years$30,084$25,750$21,958$18,661$15,812$12,917
16 years$27,911$23,625$19,908$16,709$13,974$11,232
17 years$25,997$21,758$18,116$15,013$12,391$9,796
18 years$24,297$20,106$16,537$13,529$11,017$8,566
19 years$22,777$18,634$15,139$12,225$9,820$7,506
20 years$21,412$17,315$13,894$11,072$8,771$6,589
21 years$20,178$16,128$12,780$10,049$7,849$5,794
22 years$19,057$15,055$11,778$9,136$7,036$5,102
23 years$18,036$14,081$10,875$8,321$6,316$4,498
24 years$17,101$13,193$10,058$7,589$5,677$3,970
25 years$16,242$12,381$9,316$6,931$5,108$3,507
26 years$15,451$11,636$8,640$6,337$4,601$3,101
27 years$14,719$10,951$8,023$5,801$4,148$2,743
28 years$14,041$10,319$7,458$5,315$3,743$2,429
29 years$13,411$9,735$6,940$4,874$3,380$2,151
30 years$12,824$9,193$6,465$4,473$3,054$1,907
31 years$12,276$8,691$6,027$4,108$2,761$1,691
32 years$11,763$8,223$5,623$3,775$2,498$1,500
33 years$11,282$7,788$5,250$3,472$2,260$1,331
34 years$10,831$7,381$4,906$3,194$2,047$1,181
35 years$10,406$7,001$4,586$2,940$1,854$1,049
36 years$10,006$6,645$4,291$2,708$1,679$931
37 years$9,628$6,311$4,016$2,495$1,522$827
38 years$9,271$5,998$3,761$2,300$1,380$735
39 years$8,933$5,703$3,523$2,121$1,251$653
40 years$8,613$5,426$3,302$1,956$1,135$580
41 years$8,309$5,165$3,097$1,805$1,030$516
42 years$8,021$4,919$2,905$1,665$934$458
43 years$7,746$4,687$2,726$1,537$848$407
44 years$7,485$4,468$2,559$1,419$770$362
45 years$7,236$4,260$2,402$1,311$699$322
46 years$6,999$4,064$2,256$1,211$634$286
47 years$6,773$3,878$2,120$1,119$576$255
48 years$6,556$3,702$1,992$1,034$523$226
49 years$6,349$3,536$1,872$955$475$201
50 years$6,151$3,377$1,760$883$432$179

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 $3,456 every year, while hoping to spend $35,346 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: 31/40/29 Blend
72$6,300,000$6,300,000$6,300,000$6,300,000
73$6,946,165$6,612,265$6,514,615$7,099,766
74$7,617,066$6,898,658$6,695,247$7,505,776
75$8,355,214$7,197,900$6,880,745$7,939,173
76$9,167,431$7,510,582$7,071,235$8,405,012
77$10,061,234$7,837,326$7,266,847$8,906,159
78$11,044,905$8,178,780$7,467,711$9,445,756
79$12,127,569$8,535,624$7,673,963$10,027,246
80$13,319,282$8,908,570$7,885,741$10,654,404
81$14,631,122$9,298,363$8,103,187$11,331,371
82$16,075,298$9,705,785$8,326,446$12,062,688
83$17,665,262$10,131,651$8,555,665$12,853,338
84$19,415,836$10,576,820$8,790,997$13,708,790
85$21,343,353$11,042,186$9,032,597$14,635,046
86$23,465,811$11,528,688$9,280,625$15,638,695
87$25,803,040$12,037,311$9,535,242$16,726,975
88$28,376,894$12,569,083$9,796,617$17,907,832
89$31,211,452$13,125,083$10,064,919$19,189,997
90$34,333,249$13,706,441$10,340,322$20,583,061
91$37,771,524$14,314,339$10,623,006$22,097,562
92$41,558,495$14,950,018$10,913,153$23,745,081
93$45,729,667$15,614,774$11,210,949$25,538,349
94$50,324,163$16,309,968$11,516,585$27,491,358
95$55,385,095$17,037,024$11,830,258$29,619,493
96$60,959,970$17,797,433$12,152,167$31,939,668
97$67,101,138$18,592,759$12,482,516$34,470,486
98$73,866,287$19,424,638$12,821,514$37,232,403
99$81,318,989$20,294,785$13,169,375$40,247,920
100$89,529,293$21,204,997$13,526,316$43,541,786