Can I retire at age 73 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$553,280$548,351$543,543$538,850$534,267$530,678
2 years$273,901$268,800$263,856$259,063$254,413$250,793
3 years$180,787$175,664$170,732$165,984$161,410$157,871
4 years$134,239$129,131$124,249$119,582$115,119$111,689
5 years$106,317$101,241$96,423$91,850$87,512$84,201
6 years$87,709$82,671$77,924$73,454$69,245$66,057
7 years$74,423$69,427$64,755$60,390$56,315$53,251
8 years$64,463$59,511$54,917$50,660$46,718$43,780
9 years$56,720$51,815$47,300$43,151$39,344$36,529
10 years$50,529$45,673$41,238$37,197$33,523$30,830
11 years$45,467$40,660$36,305$32,372$28,831$26,259
12 years$41,252$36,494$32,220$28,395$24,984$22,530
13 years$37,689$32,980$28,786$25,068$21,787$19,449
14 years$34,636$29,978$25,864$22,253$19,098$16,873
15 years$31,994$27,385$23,352$19,846$16,815$14,700
16 years$29,684$25,125$21,172$17,770$14,862$12,853
17 years$27,647$23,140$19,266$15,966$13,177$11,273
18 years$25,839$21,382$17,587$14,388$11,717$9,912
19 years$24,224$19,817$16,100$13,001$10,443$8,736
20 years$22,771$18,415$14,776$11,775$9,328$7,714
21 years$21,459$17,152$13,591$10,687$8,348$6,823
22 years$20,267$16,011$12,526$9,717$7,482$6,044
23 years$19,181$14,975$11,566$8,849$6,717$5,361
24 years$18,187$14,031$10,696$8,071$6,037$4,761
25 years$17,274$13,167$9,907$7,371$5,432$4,232
26 years$16,432$12,375$9,188$6,739$4,893$3,765
27 years$15,654$11,646$8,532$6,169$4,412$3,353
28 years$14,933$10,974$7,932$5,652$3,981$2,987
29 years$14,263$10,353$7,381$5,183$3,595$2,663
30 years$13,638$9,777$6,875$4,757$3,248$2,376
31 years$13,055$9,243$6,410$4,369$2,936$2,120
32 years$12,510$8,745$5,980$4,015$2,656$1,893
33 years$11,999$8,282$5,584$3,692$2,404$1,691
34 years$11,519$7,850$5,217$3,397$2,176$1,511
35 years$11,067$7,445$4,878$3,127$1,971$1,350
36 years$10,641$7,067$4,563$2,880$1,786$1,207
37 years$10,239$6,712$4,271$2,654$1,619$1,080
38 years$9,860$6,378$3,999$2,446$1,468$966
39 years$9,500$6,065$3,747$2,255$1,331$864
40 years$9,160$5,771$3,512$2,080$1,207$773
41 years$8,837$5,493$3,293$1,919$1,095$692
42 years$8,530$5,231$3,089$1,771$994$619
43 years$8,238$4,984$2,899$1,635$902$554
44 years$7,961$4,751$2,721$1,510$819$496
45 years$7,696$4,531$2,555$1,394$743$444
46 years$7,444$4,322$2,400$1,288$675$398
47 years$7,203$4,125$2,254$1,190$613$356
48 years$6,972$3,938$2,119$1,099$556$319
49 years$6,752$3,760$1,991$1,016$505$286
50 years$6,542$3,592$1,872$939$459$256

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $6,700,000, adding $2,138 every year, while hoping to spend $52,015 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: 42/30/28 Blend
72$6,700,000$6,700,000$6,700,000$6,700,000
73$7,385,605$7,030,505$6,926,655$7,635,142
74$8,083,594$7,319,657$7,103,355$8,104,179
75$8,851,033$7,621,233$7,284,230$8,606,745
76$9,694,953$7,935,788$7,469,367$9,150,031
77$10,623,099$8,263,902$7,658,851$9,737,828
78$11,644,001$8,606,180$7,852,769$10,374,301
79$12,767,063$8,963,256$8,051,210$11,064,028
80$14,002,641$9,335,792$8,254,263$11,812,036
81$15,362,147$9,724,484$8,462,018$12,623,852
82$16,858,158$10,130,055$8,674,567$13,505,551
83$18,504,527$10,553,265$8,892,002$14,463,811
84$20,316,522$10,994,907$9,114,417$15,505,976
85$22,310,962$11,455,813$9,341,905$16,640,120
86$24,506,384$11,936,851$9,574,562$17,875,122
87$26,923,209$12,438,931$9,812,484$19,220,749
88$29,583,941$12,963,004$10,055,767$20,687,744
89$32,513,376$13,510,064$10,304,509$22,287,925
90$35,738,839$14,081,155$10,558,808$24,034,295
91$39,290,434$14,677,366$10,818,762$25,941,160
92$43,201,339$15,299,838$11,084,471$28,024,264
93$47,508,110$15,949,764$11,356,035$30,300,930
94$52,251,029$16,628,394$11,633,554$32,790,226
95$57,474,483$17,337,035$11,917,128$35,513,137
96$63,227,387$18,077,056$12,206,857$38,492,761
97$69,563,637$18,849,888$12,502,844$41,754,525
98$76,542,627$19,657,032$12,805,189$45,326,419
99$84,229,805$20,500,056$13,113,992$49,239,259
100$92,697,289$21,380,603$13,429,355$53,526,971