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%11.8%
1 years$528,506$523,798$519,205$514,722$510,345$506,492
2 years$261,637$256,764$252,041$247,463$243,021$239,137
3 years$172,692$167,798$163,088$158,552$154,183$150,387
4 years$128,228$123,349$118,686$114,228$109,964$106,287
5 years$101,557$96,707$92,105$87,738$83,593$80,044
6 years$83,782$78,969$74,435$70,165$66,144$62,729
7 years$71,090$66,318$61,856$57,686$53,793$50,512
8 years$61,576$56,847$52,458$48,392$44,627$41,481
9 years$54,180$49,495$45,182$41,219$37,582$34,570
10 years$48,267$43,628$39,391$35,531$32,022$29,142
11 years$43,432$38,839$34,679$30,923$27,540$24,791
12 years$39,405$34,860$30,777$27,123$23,865$21,244
13 years$36,001$31,503$27,497$23,946$20,811$18,315
14 years$33,086$28,636$24,706$21,256$18,243$15,868
15 years$30,561$26,159$22,306$18,957$16,062$13,807
16 years$28,354$24,000$20,224$16,974$14,196$12,056
17 years$26,409$22,104$18,403$15,251$12,587$10,558
18 years$24,682$20,425$16,800$13,744$11,192$9,271
19 years$23,139$18,929$15,379$12,419$9,976$8,159
20 years$21,752$17,590$14,114$11,248$8,910$7,194
21 years$20,498$16,384$12,982$10,208$7,974$6,354
22 years$19,360$15,294$11,965$9,282$7,147$5,620
23 years$18,322$14,304$11,048$8,453$6,416$4,978
24 years$17,373$13,402$10,217$7,709$5,767$4,414
25 years$16,500$12,577$9,463$7,041$5,189$3,917
26 years$15,696$11,821$8,777$6,438$4,674$3,480
27 years$14,953$11,125$8,150$5,893$4,214$3,093
28 years$14,264$10,483$7,577$5,399$3,803$2,752
29 years$13,624$9,889$7,051$4,951$3,434$2,450
30 years$13,028$9,339$6,567$4,544$3,103$2,182
31 years$12,471$8,829$6,123$4,173$2,805$1,944
32 years$11,950$8,354$5,712$3,835$2,537$1,733
33 years$11,461$7,911$5,334$3,527$2,296$1,545
34 years$11,003$7,498$4,984$3,245$2,079$1,378
35 years$10,571$7,112$4,659$2,987$1,883$1,230
36 years$10,165$6,750$4,359$2,751$1,706$1,098
37 years$9,781$6,411$4,080$2,535$1,546$980
38 years$9,418$6,093$3,820$2,336$1,402$875
39 years$9,075$5,794$3,579$2,154$1,271$781
40 years$8,750$5,512$3,355$1,987$1,153$698
41 years$8,441$5,247$3,146$1,833$1,046$624
42 years$8,148$4,997$2,951$1,692$949$557
43 years$7,869$4,761$2,769$1,562$861$498
44 years$7,604$4,538$2,599$1,442$782$445
45 years$7,351$4,328$2,441$1,332$710$398
46 years$7,110$4,129$2,292$1,230$645$355
47 years$6,880$3,940$2,153$1,137$585$318
48 years$6,660$3,761$2,024$1,050$532$284
49 years$6,450$3,592$1,902$971$483$254
50 years$6,249$3,431$1,788$897$438$227

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 $2,933 every year, while hoping to spend $46,089 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: 59/14/27 Blend
72$6,400,000$6,400,000$6,400,000$6,400,000
73$7,055,825$6,716,625$6,617,425$7,420,289
74$7,726,481$6,996,702$6,790,071$7,949,606
75$8,463,999$7,288,957$6,966,955$8,521,522
76$9,275,151$7,593,940$7,148,172$9,144,395
77$10,167,396$7,912,223$7,333,815$9,823,186
78$11,148,955$8,244,406$7,523,983$10,563,355
79$12,228,885$8,591,118$7,718,772$11,370,910
80$13,417,163$8,953,015$7,918,283$12,252,462
81$14,724,785$9,330,784$8,122,617$13,215,291
82$16,163,866$9,725,145$8,331,877$14,267,407
83$17,747,753$10,136,850$8,546,168$15,417,629
84$19,491,154$10,566,686$8,765,595$16,675,665
85$21,410,276$11,015,477$8,990,267$18,052,203
86$23,522,975$11,484,087$9,220,292$19,559,011
87$25,848,929$11,973,418$9,455,782$21,209,045
88$28,409,818$12,484,414$9,696,849$23,016,573
89$31,229,533$13,018,064$9,943,607$24,997,306
90$34,334,400$13,575,403$10,196,172$27,168,543
91$37,753,425$14,157,514$10,454,661$29,549,337
92$41,518,574$14,765,532$10,719,192$32,160,670
93$45,665,069$15,400,644$10,989,885$35,025,651
94$50,231,722$16,064,091$11,266,862$38,169,732
95$55,261,301$16,757,175$11,550,245$41,620,946
96$60,800,934$17,481,257$11,840,158$45,410,167
97$66,902,554$18,237,763$12,136,728$49,571,408
98$73,623,386$19,028,185$12,440,081$54,142,129
99$81,026,492$19,854,087$12,750,344$59,163,597
100$89,181,360$20,717,103$13,067,647$64,681,269