Can I retire at age 73 with 6,900,000?

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$569,796$564,720$559,768$554,935$550,216$540,212
2 years$282,077$276,824$271,732$266,796$262,007$251,964
3 years$186,183$180,907$175,829$170,939$166,228$156,459
4 years$138,246$132,986$127,958$123,152$118,555$109,135
5 years$109,491$104,263$99,301$94,592$90,124$81,080
6 years$90,327$85,138$80,250$75,646$71,312$62,654
7 years$76,644$71,499$66,688$62,193$57,996$49,726
8 years$66,387$61,288$56,557$52,172$48,113$40,230
9 years$58,413$53,362$48,712$44,439$40,518$33,017
10 years$52,037$47,036$42,468$38,307$34,524$27,397
11 years$46,825$41,873$37,389$33,338$29,691$22,932
12 years$42,484$37,583$33,181$29,242$25,730$19,328
13 years$38,814$33,964$29,645$25,817$22,437$16,383
14 years$35,670$30,873$26,637$22,917$19,668$13,951
15 years$32,949$28,203$24,049$20,438$17,317$11,926
16 years$30,570$25,875$21,804$18,300$15,305$10,227
17 years$28,473$23,830$19,841$16,442$13,571$8,794
18 years$26,611$22,020$18,112$14,818$12,066$7,579
19 years$24,947$20,408$16,581$13,389$10,755$6,545
20 years$23,451$18,964$15,217$12,127$9,607$5,661
21 years$22,099$17,665$13,997$11,006$8,597$4,904
22 years$20,872$16,489$12,900$10,007$7,706$4,253
23 years$19,754$15,422$11,911$9,113$6,917$3,692
24 years$18,730$14,449$11,016$8,312$6,217$3,208
25 years$17,789$13,560$10,203$7,591$5,595$2,790
26 years$16,922$12,744$9,463$6,941$5,039$2,428
27 years$16,121$11,994$8,787$6,353$4,543$2,114
28 years$15,379$11,302$8,168$5,821$4,100$1,841
29 years$14,688$10,662$7,601$5,338$3,702$1,605
30 years$14,045$10,069$7,080$4,899$3,345$1,399
31 years$13,445$9,519$6,601$4,499$3,024$1,220
32 years$12,883$9,006$6,159$4,135$2,736$1,065
33 years$12,357$8,529$5,750$3,802$2,476$929
34 years$11,862$8,084$5,373$3,498$2,241$811
35 years$11,397$7,667$5,023$3,220$2,030$708
36 years$10,959$7,277$4,699$2,966$1,839$618
37 years$10,545$6,912$4,398$2,733$1,667$540
38 years$10,154$6,569$4,119$2,519$1,511$471
39 years$9,784$6,246$3,859$2,322$1,371$412
40 years$9,433$5,943$3,617$2,142$1,243$360
41 years$9,101$5,657$3,392$1,976$1,128$314
42 years$8,785$5,388$3,181$1,824$1,023$275
43 years$8,484$5,133$2,985$1,684$929$240
44 years$8,198$4,893$2,802$1,555$843$210
45 years$7,926$4,666$2,631$1,436$765$183
46 years$7,666$4,451$2,471$1,326$695$160
47 years$7,418$4,248$2,322$1,225$631$140
48 years$7,180$4,055$2,182$1,132$573$122
49 years$6,954$3,872$2,051$1,046$520$107
50 years$6,737$3,699$1,928$967$473$93

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $6,900,000, adding $3,245 every year, while hoping to spend $32,329 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: 61/33/6 Blend
72$6,900,000$6,900,000$6,900,000$6,900,000
73$7,607,147$7,241,447$7,134,497$8,062,589
74$8,348,678$7,561,880$7,339,105$8,687,708
75$9,164,762$7,896,931$7,549,484$9,365,413
76$10,062,969$8,247,282$7,765,792$10,103,990
77$11,051,640$8,613,647$7,988,195$10,909,303
78$12,139,966$8,996,774$8,216,858$11,787,800
79$13,338,075$9,397,449$8,451,955$12,746,571
80$14,657,126$9,816,491$8,693,663$13,793,413
81$16,109,415$10,254,761$8,942,162$14,936,901
82$17,708,490$10,713,159$9,197,640$16,186,466
83$19,469,283$11,192,631$9,460,288$17,552,483
84$21,408,245$11,694,165$9,730,303$19,046,367
85$23,543,503$12,218,796$10,007,885$20,680,673
86$25,895,033$12,767,610$10,293,242$22,469,219
87$28,484,848$13,341,744$10,586,586$24,427,209
88$31,337,201$13,942,388$10,888,136$26,571,373
89$34,478,823$14,570,792$11,198,116$28,920,124
90$37,939,164$15,228,262$11,516,754$31,493,729
91$41,750,680$15,916,169$11,844,287$34,314,492
92$45,949,135$16,635,947$12,180,956$37,406,968
93$50,573,939$17,389,100$12,527,010$40,798,184
94$55,668,520$18,177,205$12,882,704$44,517,895
95$61,280,733$19,001,912$13,248,299$48,598,858
96$67,463,314$19,864,952$13,624,063$53,077,139
97$74,274,374$20,768,137$14,010,271$57,992,447
98$81,777,952$21,713,367$14,407,206$63,388,503
99$90,044,613$22,702,632$14,815,158$69,313,453
100$99,152,121$23,738,018$15,234,423$75,820,309