Can I retire at age 73 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$528,506$523,798$519,205$514,722$510,345$491,066
2 years$261,637$256,764$252,041$247,463$243,021$223,822
3 years$172,692$167,798$163,088$158,552$154,183$135,667
4 years$128,228$123,349$118,686$114,228$109,964$92,274
5 years$101,557$96,707$92,105$87,738$83,593$66,773
6 years$83,782$78,969$74,435$70,165$66,144$50,206
7 years$71,090$66,318$61,856$57,686$53,793$38,732
8 years$61,576$56,847$52,458$48,392$44,627$30,429
9 years$54,180$49,495$45,182$41,219$37,582$24,227
10 years$48,267$43,628$39,391$35,531$32,022$19,486
11 years$43,432$38,839$34,679$30,923$27,540$15,795
12 years$39,405$34,860$30,777$27,123$23,865$12,882
13 years$36,001$31,503$27,497$23,946$20,811$10,557
14 years$33,086$28,636$24,706$21,256$18,243$8,685
15 years$30,561$26,159$22,306$18,957$16,062$7,168
16 years$28,354$24,000$20,224$16,974$14,196$5,931
17 years$26,409$22,104$18,403$15,251$12,587$4,917
18 years$24,682$20,425$16,800$13,744$11,192$4,084
19 years$23,139$18,929$15,379$12,419$9,976$3,397
20 years$21,752$17,590$14,114$11,248$8,910$2,829
21 years$20,498$16,384$12,982$10,208$7,974$2,358
22 years$19,360$15,294$11,965$9,282$7,147$1,967
23 years$18,322$14,304$11,048$8,453$6,416$1,642
24 years$17,373$13,402$10,217$7,709$5,767$1,371
25 years$16,500$12,577$9,463$7,041$5,189$1,146
26 years$15,696$11,821$8,777$6,438$4,674$958
27 years$14,953$11,125$8,150$5,893$4,214$801
28 years$14,264$10,483$7,577$5,399$3,803$670
29 years$13,624$9,889$7,051$4,951$3,434$560
30 years$13,028$9,339$6,567$4,544$3,103$469
31 years$12,471$8,829$6,123$4,173$2,805$392
32 years$11,950$8,354$5,712$3,835$2,537$328
33 years$11,461$7,911$5,334$3,527$2,296$275
34 years$11,003$7,498$4,984$3,245$2,079$230
35 years$10,571$7,112$4,659$2,987$1,883$193
36 years$10,165$6,750$4,359$2,751$1,706$161
37 years$9,781$6,411$4,080$2,535$1,546$135
38 years$9,418$6,093$3,820$2,336$1,402$113
39 years$9,075$5,794$3,579$2,154$1,271$95
40 years$8,750$5,512$3,355$1,987$1,153$79
41 years$8,441$5,247$3,146$1,833$1,046$66
42 years$8,148$4,997$2,951$1,692$949$56
43 years$7,869$4,761$2,769$1,562$861$47
44 years$7,604$4,538$2,599$1,442$782$39
45 years$7,351$4,328$2,441$1,332$710$33
46 years$7,110$4,129$2,292$1,230$645$27
47 years$6,880$3,940$2,153$1,137$585$23
48 years$6,660$3,761$2,024$1,050$532$19
49 years$6,450$3,592$1,902$971$483$16
50 years$6,249$3,431$1,788$897$438$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $6,400,000, adding $4,780 every year, while hoping to spend $45,136 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: 45/41/14 Blend
72$6,400,000$6,400,000$6,400,000$6,400,000
73$7,057,731$6,718,531$6,619,331$7,346,904
74$7,729,595$6,999,714$6,793,054$7,829,894
75$8,468,476$7,293,163$6,971,084$8,348,381
76$9,281,163$7,599,431$7,153,518$8,909,622
77$10,175,135$7,919,096$7,340,453$9,517,589
78$11,158,631$8,252,764$7,531,991$10,176,643
79$12,240,732$8,601,069$7,728,233$10,891,574
80$13,431,440$8,964,675$7,929,282$11,667,645
81$14,741,778$9,344,276$8,135,245$12,510,633
82$16,183,891$9,740,597$8,346,227$13,426,891
83$17,771,161$10,154,399$8,562,339$14,423,396
84$19,518,333$10,586,478$8,783,690$15,507,820
85$21,441,653$11,037,666$9,010,394$16,688,594
86$23,559,024$11,508,834$9,242,565$17,974,986
87$25,890,172$12,000,894$9,480,319$19,377,188
88$28,456,834$12,514,802$9,723,773$20,906,408
89$31,282,959$13,051,556$9,973,048$22,574,968
90$34,394,940$13,612,202$10,228,265$24,396,426
91$37,821,859$14,197,834$10,489,546$26,385,690
92$41,595,761$14,809,600$10,757,018$28,559,164
93$45,751,956$15,448,698$11,030,806$30,934,892
94$50,329,357$16,116,386$11,311,039$33,532,730
95$55,370,840$16,813,977$11,597,847$36,374,526
96$60,923,652$17,542,848$11,891,362$39,484,319
97$67,039,858$18,304,442$12,191,716$42,888,569
98$73,776,830$19,100,266$12,499,045$46,616,396
99$81,197,789$19,931,901$12,813,485$50,699,848
100$89,372,401$20,801,001$13,135,174$55,174,207