Can I retire at age 73 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$520,248$515,614$511,093$506,680$502,371$500,044
2 years$257,549$252,752$248,103$243,596$239,224$236,875
3 years$169,994$165,176$160,539$156,074$151,774$149,476
4 years$126,225$121,422$116,831$112,443$108,246$106,017
5 years$99,970$95,196$90,666$86,367$82,287$80,133
6 years$82,473$77,735$73,272$69,068$65,111$63,034
7 years$69,980$65,282$60,889$56,785$52,953$50,955
8 years$60,614$55,958$51,639$47,635$43,929$42,011
9 years$53,333$48,722$44,476$40,575$36,995$35,155
10 years$47,512$42,946$38,776$34,976$31,521$29,760
11 years$42,753$38,232$34,137$30,439$27,110$25,424
12 years$38,789$34,315$30,296$26,700$23,493$21,883
13 years$35,438$31,011$27,068$23,572$20,486$18,950
14 years$32,569$28,188$24,320$20,924$17,958$16,494
15 years$30,084$25,750$21,958$18,661$15,812$14,418
16 years$27,911$23,625$19,908$16,709$13,974$12,649
17 years$25,997$21,758$18,116$15,013$12,391$11,132
18 years$24,297$20,106$16,537$13,529$11,017$9,823
19 years$22,777$18,634$15,139$12,225$9,820$8,688
20 years$21,412$17,315$13,894$11,072$8,771$7,700
21 years$20,178$16,128$12,780$10,049$7,849$6,836
22 years$19,057$15,055$11,778$9,136$7,036$6,078
23 years$18,036$14,081$10,875$8,321$6,316$5,411
24 years$17,101$13,193$10,058$7,589$5,677$4,824
25 years$16,242$12,381$9,316$6,931$5,108$4,304
26 years$15,451$11,636$8,640$6,337$4,601$3,845
27 years$14,719$10,951$8,023$5,801$4,148$3,437
28 years$14,041$10,319$7,458$5,315$3,743$3,074
29 years$13,411$9,735$6,940$4,874$3,380$2,752
30 years$12,824$9,193$6,465$4,473$3,054$2,465
31 years$12,276$8,691$6,027$4,108$2,761$2,209
32 years$11,763$8,223$5,623$3,775$2,498$1,980
33 years$11,282$7,788$5,250$3,472$2,260$1,776
34 years$10,831$7,381$4,906$3,194$2,047$1,593
35 years$10,406$7,001$4,586$2,940$1,854$1,430
36 years$10,006$6,645$4,291$2,708$1,679$1,284
37 years$9,628$6,311$4,016$2,495$1,522$1,153
38 years$9,271$5,998$3,761$2,300$1,380$1,036
39 years$8,933$5,703$3,523$2,121$1,251$930
40 years$8,613$5,426$3,302$1,956$1,135$836
41 years$8,309$5,165$3,097$1,805$1,030$751
42 years$8,021$4,919$2,905$1,665$934$675
43 years$7,746$4,687$2,726$1,537$848$607
44 years$7,485$4,468$2,559$1,419$770$546
45 years$7,236$4,260$2,402$1,311$699$491
46 years$6,999$4,064$2,256$1,211$634$441
47 years$6,773$3,878$2,120$1,119$576$397
48 years$6,556$3,702$1,992$1,034$523$357
49 years$6,349$3,536$1,872$955$475$321
50 years$6,151$3,377$1,760$883$432$289

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $6,300,000, adding $6,762 every year, while hoping to spend $59,813 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: 67/19/14 Blend
72$6,300,000$6,300,000$6,300,000$6,300,000
73$6,949,575$6,615,675$6,518,025$7,392,238
74$7,594,791$6,876,203$6,672,738$7,948,753
75$8,303,815$7,147,491$6,830,630$8,549,334
76$9,083,091$7,430,005$6,991,743$9,204,494
77$9,939,720$7,724,229$7,156,120$9,919,579
78$10,881,525$8,030,670$7,323,804$10,700,472
79$11,917,125$8,349,858$7,494,836$11,553,647
80$13,056,015$8,682,344$7,669,256$12,486,233
81$14,308,657$9,028,708$7,847,105$13,506,074
82$15,686,578$9,389,552$8,028,421$14,621,808
83$17,202,478$9,765,509$8,213,242$15,842,943
84$18,870,350$10,157,238$8,401,604$17,179,947
85$20,705,610$10,565,428$8,593,543$18,644,346
86$22,725,248$10,990,799$8,789,092$20,248,832
87$24,947,980$11,434,105$8,988,283$22,007,380
88$27,394,430$11,896,132$9,191,147$23,935,378
89$30,087,324$12,377,705$9,397,713$26,049,775
90$33,051,701$12,879,682$9,608,006$28,369,232
91$36,315,152$13,402,964$9,822,051$30,914,305
92$39,908,078$13,948,490$10,039,871$33,707,630
93$43,863,979$14,517,243$10,261,484$36,774,142
94$48,219,769$15,110,251$10,486,907$40,141,303
95$53,016,121$15,728,590$10,716,154$43,839,359
96$58,297,856$16,373,381$10,949,236$47,901,630
97$64,114,362$17,045,802$11,186,160$52,364,816
98$70,520,061$17,747,080$11,426,930$57,269,346
99$77,574,921$18,478,500$11,671,546$62,659,751
100$85,345,024$19,241,408$11,920,004$68,585,092