Can I retire at age 73 with 6,100,000?

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 $6,100,000?

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$503,732$499,245$494,868$490,595$486,423$477,579
2 years$249,372$244,728$240,227$235,863$231,630$222,751
3 years$164,597$159,933$155,443$151,120$146,955$138,319
4 years$122,217$117,567$113,123$108,873$104,810$96,482
5 years$96,796$92,174$87,788$83,625$79,675$71,679
6 years$79,855$75,267$70,946$66,876$63,044$55,390
7 years$67,758$63,209$58,956$54,982$51,272$43,961
8 years$58,690$54,182$49,999$46,123$42,535$35,566
9 years$51,640$47,175$43,064$39,287$35,820$29,189
10 years$46,004$41,583$37,545$33,866$30,521$24,221
11 years$41,396$37,019$33,054$29,473$26,249$20,273
12 years$37,558$33,226$29,334$25,852$22,747$17,087
13 years$34,313$30,026$26,208$22,823$19,836$14,483
14 years$31,535$27,293$23,548$20,260$17,388$12,333
15 years$29,129$24,933$21,261$18,068$15,310$10,543
16 years$27,025$22,875$19,276$16,178$13,531$9,041
17 years$25,171$21,067$17,540$14,536$11,997$7,775
18 years$23,525$19,467$16,012$13,100$10,667$6,701
19 years$22,054$18,042$14,658$11,837$9,508$5,786
20 years$20,732$16,766$13,453$10,721$8,493$5,005
21 years$19,537$15,616$12,374$9,730$7,600$4,335
22 years$18,452$14,577$11,405$8,846$6,812$3,760
23 years$17,463$13,634$10,530$8,057$6,115$3,264
24 years$16,558$12,774$9,739$7,348$5,496$2,836
25 years$15,727$11,988$9,020$6,711$4,946$2,466
26 years$14,960$11,267$8,365$6,136$4,455$2,146
27 years$14,252$10,603$7,768$5,616$4,017$1,869
28 years$13,596$9,991$7,221$5,146$3,624$1,628
29 years$12,985$9,426$6,720$4,719$3,273$1,419
30 years$12,417$8,902$6,260$4,331$2,957$1,237
31 years$11,886$8,415$5,836$3,977$2,673$1,079
32 years$11,390$7,962$5,445$3,655$2,418$941
33 years$10,924$7,540$5,084$3,361$2,189$821
34 years$10,487$7,147$4,750$3,093$1,982$717
35 years$10,076$6,778$4,441$2,847$1,795$626
36 years$9,688$6,434$4,154$2,622$1,626$546
37 years$9,322$6,111$3,888$2,416$1,474$477
38 years$8,977$5,807$3,641$2,227$1,336$417
39 years$8,650$5,522$3,412$2,053$1,212$364
40 years$8,340$5,254$3,198$1,894$1,099$318
41 years$8,046$5,001$2,998$1,747$997$278
42 years$7,766$4,763$2,813$1,613$905$243
43 years$7,501$4,538$2,639$1,489$821$212
44 years$7,248$4,326$2,477$1,374$745$185
45 years$7,007$4,125$2,326$1,269$677$162
46 years$6,777$3,935$2,185$1,172$614$141
47 years$6,558$3,755$2,053$1,083$558$124
48 years$6,348$3,585$1,929$1,001$507$108
49 years$6,148$3,423$1,813$925$460$94
50 years$5,956$3,270$1,704$855$418$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $6,100,000, adding $2,623 every year, while hoping to spend $54,933 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: 36/47/17 Blend
72$6,100,000$6,100,000$6,100,000$6,100,000
73$6,724,906$6,401,606$6,307,056$6,932,029
74$7,352,398$6,656,836$6,459,894$7,337,659
75$8,042,053$6,922,732$6,616,011$7,769,903
76$8,800,154$7,199,757$6,775,459$8,235,377
77$9,633,622$7,488,398$6,938,289$8,737,076
78$10,550,083$7,789,161$7,104,554$9,278,284
79$11,557,939$8,102,577$7,274,304$9,862,605
80$12,666,447$8,429,201$7,447,591$10,493,994
81$13,885,804$8,769,612$7,624,465$11,176,791
82$15,227,249$9,124,416$7,804,977$11,915,763
83$16,703,161$9,494,245$7,989,176$12,716,141
84$18,327,183$9,879,762$8,177,113$13,583,673
85$20,114,343$10,281,658$8,368,834$14,524,671
86$22,081,205$10,700,658$8,564,389$15,546,071
87$24,246,016$11,137,518$8,763,823$16,655,494
88$26,628,881$11,593,029$8,967,184$17,861,315
89$29,251,957$12,068,017$9,174,514$19,172,738
90$32,139,655$12,563,348$9,385,859$20,599,882
91$35,318,874$13,079,926$9,601,259$22,153,873
92$38,819,254$13,618,697$9,820,756$23,846,943
93$42,673,455$14,180,651$10,044,388$25,692,543
94$46,917,465$14,766,821$10,272,194$27,705,468
95$51,590,942$15,378,290$10,504,207$29,901,990
96$56,737,581$16,016,189$10,740,461$32,300,008
97$62,405,535$16,681,704$10,980,988$34,919,215
98$68,647,864$17,376,071$11,225,815$37,781,276
99$75,523,034$18,100,586$11,474,967$40,910,030
100$83,095,474$18,856,605$11,728,469$44,331,709