Can I retire at age 73 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$528,506$523,798$519,205$514,722$510,345$500,450
2 years$261,637$256,764$252,041$247,463$243,021$233,093
3 years$172,692$167,798$163,088$158,552$154,183$144,530
4 years$128,228$123,349$118,686$114,228$109,964$100,662
5 years$101,557$96,707$92,105$87,738$83,593$74,667
6 years$83,782$78,969$74,435$70,165$66,144$57,604
7 years$71,090$66,318$61,856$57,686$53,793$45,642
8 years$61,576$56,847$52,458$48,392$44,627$36,861
9 years$54,180$49,495$45,182$41,219$37,582$30,198
10 years$48,267$43,628$39,391$35,531$32,022$25,012
11 years$43,432$38,839$34,679$30,923$27,540$20,896
12 years$39,405$34,860$30,777$27,123$23,865$17,578
13 years$36,001$31,503$27,497$23,946$20,811$14,870
14 years$33,086$28,636$24,706$21,256$18,243$12,637
15 years$30,561$26,159$22,306$18,957$16,062$10,780
16 years$28,354$24,000$20,224$16,974$14,196$9,225
17 years$26,409$22,104$18,403$15,251$12,587$7,916
18 years$24,682$20,425$16,800$13,744$11,192$6,807
19 years$23,139$18,929$15,379$12,419$9,976$5,865
20 years$21,752$17,590$14,114$11,248$8,910$5,062
21 years$20,498$16,384$12,982$10,208$7,974$4,375
22 years$19,360$15,294$11,965$9,282$7,147$3,785
23 years$18,322$14,304$11,048$8,453$6,416$3,278
24 years$17,373$13,402$10,217$7,709$5,767$2,842
25 years$16,500$12,577$9,463$7,041$5,189$2,466
26 years$15,696$11,821$8,777$6,438$4,674$2,140
27 years$14,953$11,125$8,150$5,893$4,214$1,859
28 years$14,264$10,483$7,577$5,399$3,803$1,616
29 years$13,624$9,889$7,051$4,951$3,434$1,405
30 years$13,028$9,339$6,567$4,544$3,103$1,222
31 years$12,471$8,829$6,123$4,173$2,805$1,063
32 years$11,950$8,354$5,712$3,835$2,537$925
33 years$11,461$7,911$5,334$3,527$2,296$805
34 years$11,003$7,498$4,984$3,245$2,079$701
35 years$10,571$7,112$4,659$2,987$1,883$610
36 years$10,165$6,750$4,359$2,751$1,706$532
37 years$9,781$6,411$4,080$2,535$1,546$463
38 years$9,418$6,093$3,820$2,336$1,402$403
39 years$9,075$5,794$3,579$2,154$1,271$351
40 years$8,750$5,512$3,355$1,987$1,153$306
41 years$8,441$5,247$3,146$1,833$1,046$267
42 years$8,148$4,997$2,951$1,692$949$232
43 years$7,869$4,761$2,769$1,562$861$203
44 years$7,604$4,538$2,599$1,442$782$177
45 years$7,351$4,328$2,441$1,332$710$154
46 years$7,110$4,129$2,292$1,230$645$134
47 years$6,880$3,940$2,153$1,137$585$117
48 years$6,660$3,761$2,024$1,050$532$102
49 years$6,450$3,592$1,902$971$483$89
50 years$6,249$3,431$1,788$897$438$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $6,400,000, adding $6,614 every year, while hoping to spend $21,305 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: 51/44/5 Blend
72$6,400,000$6,400,000$6,400,000$6,400,000
73$7,059,622$6,720,422$6,621,222$7,411,165
74$7,757,035$7,027,055$6,820,365$7,957,165
75$8,524,871$7,347,998$7,025,465$8,547,490
76$9,370,289$7,683,931$7,236,699$9,188,656
77$10,301,179$8,035,565$7,454,250$9,885,435
78$11,326,237$8,403,645$7,678,305$10,643,066
79$12,455,043$8,788,953$7,909,057$11,467,305
80$13,698,152$9,192,307$8,146,706$12,364,473
81$15,067,199$9,614,565$8,391,456$13,341,514
82$16,575,002$10,056,627$8,643,518$14,406,059
83$18,235,685$10,519,435$8,903,109$15,566,493
84$20,064,814$11,003,976$9,170,452$16,832,031
85$22,079,540$11,511,287$9,445,777$18,212,803
86$24,298,764$12,042,451$9,729,322$19,719,943
87$26,743,313$12,598,606$10,021,329$21,365,695
88$29,436,138$13,180,944$10,322,050$23,163,520
89$32,402,528$13,790,714$10,631,743$25,128,222
90$35,670,352$14,429,226$10,950,673$27,276,083
91$39,270,323$15,097,852$11,279,115$29,625,010
92$43,236,280$15,798,032$11,617,350$32,194,701
93$47,605,517$16,531,272$11,965,667$35,006,827
94$52,419,129$17,299,153$12,324,366$38,085,230
95$57,722,402$18,103,333$12,693,754$41,456,140
96$63,565,239$18,945,549$13,074,147$45,148,424
97$70,002,632$19,827,620$13,465,870$49,193,846
98$77,095,183$20,751,455$13,869,259$53,627,361
99$84,909,671$21,719,055$14,284,658$58,487,444
100$93,519,685$22,732,518$14,712,423$63,816,440