Can I retire at age 73 with 6,200,000?

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$511,990$507,430$502,980$498,637$494,397$480,303
2 years$253,460$248,740$244,165$239,729$235,427$221,338
3 years$167,295$162,554$157,991$153,597$149,365$135,721
4 years$124,221$119,495$114,977$110,658$106,528$93,435
5 years$98,383$93,685$89,227$84,996$80,981$68,474
6 years$81,164$76,501$72,109$67,972$64,077$52,168
7 years$68,869$64,245$59,923$55,883$52,112$40,800
8 years$59,652$55,070$50,819$46,879$43,232$32,512
9 years$52,487$47,949$43,770$39,931$36,408$26,268
10 years$46,758$42,264$38,160$34,421$31,021$21,449
11 years$42,074$37,625$33,596$29,956$26,679$17,658
12 years$38,174$33,771$29,815$26,276$23,120$14,633
13 years$34,876$30,519$26,638$23,198$20,161$12,189
14 years$32,052$27,741$23,934$20,592$17,673$10,197
15 years$29,606$25,342$21,609$18,365$15,561$8,560
16 years$27,468$23,250$19,592$16,443$13,752$7,206
17 years$25,584$21,413$17,828$14,774$12,194$6,081
18 years$23,911$19,786$16,275$13,315$10,842$5,142
19 years$22,416$18,338$14,899$12,031$9,664$4,355
20 years$21,072$17,040$13,673$10,896$8,632$3,694
21 years$19,857$15,872$12,577$9,889$7,725$3,136
22 years$18,755$14,816$11,591$8,991$6,924$2,666
23 years$17,750$13,857$10,703$8,189$6,215$2,268
24 years$16,830$12,984$9,898$7,469$5,587$1,930
25 years$15,985$12,184$9,168$6,821$5,027$1,644
26 years$15,206$11,451$8,503$6,237$4,528$1,401
27 years$14,486$10,777$7,895$5,708$4,083$1,195
28 years$13,818$10,155$7,340$5,230$3,684$1,019
29 years$13,198$9,580$6,830$4,796$3,326$869
30 years$12,621$9,048$6,362$4,402$3,006$742
31 years$12,081$8,553$5,931$4,043$2,717$633
32 years$11,576$8,093$5,534$3,715$2,458$541
33 years$11,103$7,664$5,167$3,416$2,224$462
34 years$10,659$7,264$4,828$3,143$2,014$394
35 years$10,241$6,890$4,514$2,894$1,824$337
36 years$9,847$6,539$4,222$2,665$1,653$288
37 years$9,475$6,211$3,952$2,455$1,498$246
38 years$9,124$5,902$3,701$2,263$1,358$210
39 years$8,791$5,613$3,467$2,087$1,232$179
40 years$8,476$5,340$3,250$1,925$1,117$153
41 years$8,177$5,083$3,047$1,776$1,013$131
42 years$7,894$4,841$2,859$1,639$920$112
43 years$7,624$4,612$2,682$1,513$835$96
44 years$7,366$4,397$2,518$1,397$758$82
45 years$7,122$4,193$2,364$1,290$688$70
46 years$6,888$4,000$2,221$1,192$624$60
47 years$6,665$3,817$2,086$1,101$567$51
48 years$6,452$3,644$1,960$1,017$515$44
49 years$6,248$3,480$1,843$940$468$37
50 years$6,053$3,324$1,732$869$425$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $6,200,000, adding $6,247 every year, while hoping to spend $47,133 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: 66/27/7 Blend
72$6,200,000$6,200,000$6,200,000$6,200,000
73$6,838,844$6,510,244$6,414,144$7,281,421
74$7,486,257$6,779,097$6,578,868$7,845,053
75$8,198,126$7,059,543$6,747,532$8,454,574
76$8,980,977$7,352,103$6,920,216$9,119,446
77$9,841,997$7,657,317$7,097,004$9,845,058
78$10,789,108$7,975,752$7,277,981$10,637,338
79$11,831,036$8,308,003$7,463,232$11,502,807
80$12,977,396$8,654,689$7,652,844$12,448,639
81$14,238,781$9,016,461$7,846,906$13,482,732
82$15,626,866$9,393,996$8,045,506$14,613,773
83$17,154,510$9,788,006$8,248,734$15,851,325
84$18,835,886$10,199,234$8,456,683$17,205,913
85$20,686,608$10,628,458$8,669,443$18,689,120
86$22,723,882$11,076,492$8,887,109$20,313,698
87$24,966,665$11,544,188$9,109,775$22,093,684
88$27,435,849$12,032,437$9,337,537$24,044,530
89$30,154,451$12,542,171$9,570,489$26,183,251
90$33,147,834$13,074,367$9,808,730$28,528,576
91$36,443,948$13,630,046$10,052,357$31,101,131
92$40,073,589$14,210,277$10,301,470$33,923,625
93$44,070,693$14,816,178$10,556,167$37,021,063
94$48,472,654$15,448,921$10,816,549$40,420,982
95$53,320,678$16,109,731$11,082,716$44,153,707
96$58,660,170$16,799,891$11,354,770$48,252,633
97$64,541,164$17,520,743$11,632,812$52,754,539
98$71,018,797$18,273,693$11,916,945$57,699,932
99$78,153,823$19,060,212$12,207,271$63,133,424
100$86,013,191$19,881,841$12,503,893$69,104,153