Can I retire at age 73 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$545,022$540,167$535,431$530,807$526,293$509,039
2 years$269,813$264,788$259,918$255,196$250,616$233,397
3 years$178,088$173,042$168,184$163,506$159,001$142,358
4 years$132,235$127,204$122,395$117,797$113,401$97,461
5 years$104,731$99,729$94,983$90,480$86,206$71,012
6 years$86,400$81,437$76,761$72,357$68,211$53,777
7 years$73,312$68,390$63,789$59,489$55,474$41,796
8 years$63,500$58,623$54,098$49,904$46,021$33,090
9 years$55,873$51,042$46,594$42,507$38,757$26,557
10 years$49,775$44,991$40,622$36,641$33,022$21,535
11 years$44,789$40,053$35,763$31,889$28,400$17,604
12 years$40,637$35,949$31,739$27,971$24,611$14,482
13 years$37,126$32,488$28,356$24,694$21,461$11,974
14 years$34,119$29,530$25,478$21,921$18,813$9,941
15 years$31,516$26,977$23,004$19,549$16,564$8,281
16 years$29,240$24,750$20,856$17,504$14,640$6,916
17 years$27,235$22,794$18,978$15,728$12,981$5,790
18 years$25,454$21,063$17,325$14,174$11,542$4,856
19 years$23,862$19,521$15,860$12,807$10,287$4,078
20 years$22,431$18,140$14,555$11,599$9,189$3,430
21 years$21,139$16,896$13,388$10,527$8,223$2,888
22 years$19,965$15,772$12,339$9,572$7,371$2,434
23 years$18,895$14,751$11,393$8,717$6,616$2,052
24 years$17,915$13,821$10,537$7,950$5,947$1,732
25 years$17,016$12,970$9,759$7,261$5,351$1,462
26 years$16,187$12,190$9,051$6,639$4,820$1,235
27 years$15,420$11,472$8,405$6,077$4,346$1,044
28 years$14,710$10,810$7,813$5,568$3,921$882
29 years$14,050$10,198$7,271$5,106$3,541$746
30 years$13,435$9,631$6,773$4,686$3,199$631
31 years$12,861$9,105$6,314$4,303$2,893$534
32 years$12,323$8,615$5,891$3,955$2,617$451
33 years$11,820$8,158$5,500$3,637$2,368$382
34 years$11,347$7,732$5,139$3,346$2,144$323
35 years$10,902$7,334$4,805$3,080$1,942$274
36 years$10,482$6,961$4,495$2,837$1,759$231
37 years$10,087$6,611$4,207$2,614$1,595$196
38 years$9,713$6,283$3,940$2,409$1,446$166
39 years$9,359$5,975$3,691$2,221$1,311$140
40 years$9,023$5,684$3,460$2,049$1,189$119
41 years$8,705$5,411$3,244$1,890$1,079$101
42 years$8,403$5,153$3,043$1,745$979$85
43 years$8,115$4,910$2,856$1,611$888$72
44 years$7,842$4,680$2,680$1,487$806$61
45 years$7,581$4,463$2,517$1,373$732$52
46 years$7,332$4,258$2,364$1,269$665$44
47 years$7,095$4,063$2,221$1,172$604$37
48 years$6,868$3,879$2,087$1,083$548$31
49 years$6,651$3,704$1,962$1,001$498$27
50 years$6,444$3,538$1,844$925$452$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $6,600,000, adding $5,330 every year, while hoping to spend $24,282 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: 83/8/9 Blend
72$6,600,000$6,600,000$6,600,000$6,600,000
73$7,278,698$6,928,898$6,826,598$7,873,479
74$7,995,289$7,242,578$7,029,453$8,576,979
75$8,784,159$7,570,815$7,238,290$9,345,572
76$9,652,654$7,914,295$7,453,284$10,188,849
77$10,608,870$8,273,741$7,674,614$11,114,293
78$11,661,726$8,649,906$7,902,465$12,130,141
79$12,821,053$9,043,582$8,137,028$13,245,470
80$14,097,680$9,455,597$8,378,498$14,470,274
81$15,503,543$9,886,821$8,627,078$15,815,561
82$17,051,793$10,338,164$8,882,974$17,293,455
83$18,756,922$10,810,580$9,146,399$18,917,311
84$20,634,898$11,305,068$9,417,573$20,701,840
85$22,703,318$11,822,677$9,696,722$22,663,245
86$24,981,571$12,364,503$9,984,077$24,819,375
87$27,491,026$12,931,698$10,279,878$27,189,894
88$30,255,227$13,525,468$10,584,371$29,796,462
89$33,300,121$14,147,076$10,897,808$32,662,939
90$36,654,297$14,797,847$11,220,449$35,815,612
91$40,349,263$15,479,170$11,552,561$39,283,440
92$44,419,737$16,192,498$11,894,421$43,098,326
93$48,903,977$16,939,357$12,246,311$47,295,419
94$53,844,142$17,721,345$12,608,522$51,913,440
95$59,286,691$18,540,137$12,981,353$56,995,052
96$65,282,819$19,397,489$13,365,114$62,587,258
97$71,888,941$20,295,241$13,760,120$68,741,842
98$79,167,227$21,235,322$14,166,699$75,515,861
99$87,186,186$22,219,754$14,585,184$82,972,178
100$96,021,311$23,250,656$15,015,922$91,180,053