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

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$495,474$491,061$486,755$482,552$478,448$473,255
2 years$245,284$240,716$236,289$231,996$227,833$222,603
3 years$161,899$157,311$152,895$148,642$144,546$139,444
4 years$120,214$115,640$111,268$107,088$103,092$98,155
5 years$95,210$90,663$86,349$82,254$78,369$73,612
6 years$78,545$74,033$69,782$65,779$62,010$57,440
7 years$66,647$62,173$57,990$54,081$50,431$46,049
8 years$57,728$53,294$49,180$45,367$41,837$37,643
9 years$50,794$46,402$42,359$38,643$35,233$31,225
10 years$45,250$40,901$36,929$33,310$30,020$26,196
11 years$40,717$36,412$32,512$28,990$25,819$22,175
12 years$36,942$32,681$28,853$25,428$22,374$18,907
13 years$33,751$29,534$25,779$22,449$19,510$16,216
14 years$31,018$26,846$23,162$19,928$17,103$13,976
15 years$28,651$24,524$20,912$17,772$15,059$12,095
16 years$26,582$22,500$18,960$15,913$13,309$10,503
17 years$24,759$20,722$17,253$14,298$11,801$9,147
18 years$23,140$19,148$15,750$12,885$10,492$7,987
19 years$21,693$17,746$14,418$11,643$9,352$6,988
20 years$20,392$16,491$13,232$10,545$8,354$6,126
21 years$19,217$15,360$12,171$9,570$7,475$5,379
22 years$18,150$14,338$11,218$8,701$6,701$4,729
23 years$17,177$13,410$10,357$7,925$6,015$4,163
24 years$16,287$12,565$9,579$7,228$5,406$3,668
25 years$15,469$11,791$8,872$6,601$4,865$3,236
26 years$14,715$11,082$8,228$6,035$4,382$2,856
27 years$14,018$10,429$7,641$5,524$3,951$2,523
28 years$13,373$9,828$7,103$5,061$3,565$2,230
29 years$12,773$9,271$6,610$4,641$3,219$1,972
30 years$12,213$8,756$6,157$4,260$2,909$1,745
31 years$11,691$8,277$5,740$3,912$2,630$1,545
32 years$11,203$7,832$5,355$3,595$2,379$1,368
33 years$10,745$7,417$5,000$3,306$2,153$1,212
34 years$10,315$7,029$4,672$3,042$1,949$1,074
35 years$9,911$6,667$4,368$2,800$1,765$952
36 years$9,529$6,328$4,086$2,579$1,599$844
37 years$9,170$6,010$3,825$2,376$1,450$748
38 years$8,830$5,712$3,582$2,190$1,314$663
39 years$8,508$5,432$3,356$2,020$1,192$588
40 years$8,203$5,168$3,145$1,863$1,081$522
41 years$7,914$4,919$2,949$1,719$981$463
42 years$7,639$4,685$2,766$1,586$890$411
43 years$7,378$4,464$2,596$1,464$808$365
44 years$7,129$4,255$2,437$1,352$733$324
45 years$6,892$4,057$2,288$1,248$666$287
46 years$6,666$3,871$2,149$1,153$604$255
47 years$6,450$3,694$2,019$1,065$549$226
48 years$6,244$3,526$1,897$985$498$201
49 years$6,047$3,367$1,783$910$453$178
50 years$5,858$3,217$1,677$841$411$158

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $6,000,000, adding $4,555 every year, while hoping to spend $43,980 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: 27/49/24 Blend
72$6,000,000$6,000,000$6,000,000$6,000,000
73$6,616,698$6,298,698$6,205,698$6,745,308
74$7,244,807$6,560,540$6,366,795$7,109,812
75$7,935,509$6,833,738$6,531,814$7,496,769
76$8,695,142$7,118,803$6,700,841$7,911,332
77$9,530,690$7,416,267$6,873,962$8,355,875
78$10,449,845$7,726,689$7,051,265$8,832,995
79$11,461,086$8,050,653$7,232,839$9,345,537
80$12,573,751$8,388,770$7,418,774$9,896,617
81$13,798,134$8,741,679$7,609,162$10,489,649
82$15,145,571$9,110,050$7,804,097$11,128,372
83$16,628,559$9,494,581$8,003,674$11,816,889
84$18,260,862$9,896,006$8,207,987$12,559,695
85$20,057,650$10,315,091$8,417,135$13,361,722
86$22,035,638$10,752,637$8,631,216$14,228,379
87$24,213,241$11,209,485$8,850,330$15,165,604
88$26,610,754$11,686,512$9,074,579$16,179,911
89$29,250,538$12,184,638$9,304,064$17,278,452
90$32,157,233$12,704,826$9,538,890$18,469,077
91$35,357,990$13,248,081$9,779,162$19,760,410
92$38,882,726$13,815,458$10,024,985$21,161,920
93$42,764,409$14,408,061$10,276,467$22,684,011
94$47,039,367$15,027,044$10,533,717$24,338,112
95$51,747,630$15,673,616$10,796,844$26,136,783
96$56,933,308$16,349,044$11,065,958$28,093,826
97$62,645,009$17,054,651$11,341,172$30,224,412
98$68,936,296$17,791,824$11,622,597$32,545,220
99$75,866,191$18,562,016$11,910,346$35,074,586
100$83,499,735$19,366,747$12,204,535$37,832,671