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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.9%
1 years$553,280$548,351$543,543$538,850$534,267$527,810
2 years$273,901$268,800$263,856$259,063$254,413$247,915
3 years$180,787$175,664$170,732$165,984$161,410$155,072
4 years$134,239$129,131$124,249$119,582$115,119$108,991
5 years$106,317$101,241$96,423$91,850$87,512$81,611
6 years$87,709$82,671$77,924$73,454$69,245$63,578
7 years$74,423$69,427$64,755$60,390$56,315$50,885
8 years$64,463$59,511$54,917$50,660$46,718$41,525
9 years$56,720$51,815$47,300$43,151$39,344$34,384
10 years$50,529$45,673$41,238$37,197$33,523$28,794
11 years$45,467$40,660$36,305$32,372$28,831$24,328
12 years$41,252$36,494$32,220$28,395$24,984$20,703
13 years$37,689$32,980$28,786$25,068$21,787$17,722
14 years$34,636$29,978$25,864$22,253$19,098$15,244
15 years$31,994$27,385$23,352$19,846$16,815$13,165
16 years$29,684$25,125$21,172$17,770$14,862$11,409
17 years$27,647$23,140$19,266$15,966$13,177$9,915
18 years$25,839$21,382$17,587$14,388$11,717$8,639
19 years$24,224$19,817$16,100$13,001$10,443$7,542
20 years$22,771$18,415$14,776$11,775$9,328$6,597
21 years$21,459$17,152$13,591$10,687$8,348$5,779
22 years$20,267$16,011$12,526$9,717$7,482$5,070
23 years$19,181$14,975$11,566$8,849$6,717$4,453
24 years$18,187$14,031$10,696$8,071$6,037$3,915
25 years$17,274$13,167$9,907$7,371$5,432$3,445
26 years$16,432$12,375$9,188$6,739$4,893$3,034
27 years$15,654$11,646$8,532$6,169$4,412$2,673
28 years$14,933$10,974$7,932$5,652$3,981$2,357
29 years$14,263$10,353$7,381$5,183$3,595$2,080
30 years$13,638$9,777$6,875$4,757$3,248$1,836
31 years$13,055$9,243$6,410$4,369$2,936$1,621
32 years$12,510$8,745$5,980$4,015$2,656$1,432
33 years$11,999$8,282$5,584$3,692$2,404$1,265
34 years$11,519$7,850$5,217$3,397$2,176$1,118
35 years$11,067$7,445$4,878$3,127$1,971$989
36 years$10,641$7,067$4,563$2,880$1,786$874
37 years$10,239$6,712$4,271$2,654$1,619$773
38 years$9,860$6,378$3,999$2,446$1,468$684
39 years$9,500$6,065$3,747$2,255$1,331$605
40 years$9,160$5,771$3,512$2,080$1,207$535
41 years$8,837$5,493$3,293$1,919$1,095$474
42 years$8,530$5,231$3,089$1,771$994$419
43 years$8,238$4,984$2,899$1,635$902$371
44 years$7,961$4,751$2,721$1,510$819$329
45 years$7,696$4,531$2,555$1,394$743$291
46 years$7,444$4,322$2,400$1,288$675$258
47 years$7,203$4,125$2,254$1,190$613$228
48 years$6,972$3,938$2,119$1,099$556$202
49 years$6,752$3,760$1,991$1,016$505$179
50 years$6,542$3,592$1,872$939$459$158

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 $3,351 every year, while hoping to spend $44,357 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: 50/23/27 Blend
72$6,700,000$6,700,000$6,700,000$6,700,000
73$7,386,857$7,031,757$6,927,907$7,699,661
74$8,093,120$7,329,117$7,112,796$8,215,761
75$8,869,937$7,639,562$7,302,392$8,771,700
76$9,724,454$7,963,685$7,496,807$9,375,100
77$10,664,551$8,302,108$7,696,153$10,030,484
78$11,698,906$8,655,482$7,900,545$10,742,823
79$12,837,083$9,024,488$8,110,101$11,517,584
80$14,089,617$9,409,840$8,324,941$12,360,779
81$15,468,119$9,812,284$8,545,188$13,279,017
82$16,985,382$10,232,600$8,770,966$14,279,572
83$18,655,499$10,671,606$9,002,402$15,370,443
84$20,494,004$11,130,158$9,239,625$16,560,430
85$22,518,008$11,609,152$9,482,769$17,859,216
86$24,746,370$12,109,525$9,731,967$19,277,455
87$27,199,868$12,632,260$9,987,356$20,826,872
88$29,901,398$13,178,384$10,249,076$22,520,368
89$32,876,189$13,748,973$10,517,268$24,372,145
90$36,152,041$14,345,154$10,792,077$26,397,833
91$39,759,588$14,968,105$11,073,651$28,614,637
92$43,732,586$15,619,063$11,362,139$31,041,496
93$48,108,232$16,299,319$11,657,693$33,699,261
94$52,927,514$17,010,228$11,960,468$36,610,885
95$58,235,599$17,753,207$12,270,621$39,801,642
96$64,082,256$18,529,741$12,588,314$43,299,359
97$70,522,332$19,341,383$12,913,707$47,134,674
98$77,616,261$20,189,763$13,246,968$51,341,329
99$85,430,641$21,076,583$13,588,263$55,956,476
100$94,038,860$22,003,629$13,937,764$61,021,029