Can I retire at age 73 with 6,600,000?

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 $6,600,000?

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$545,022$540,167$535,431$530,807$526,293$520,580
2 years$269,813$264,788$259,918$255,196$250,616$244,864
3 years$178,088$173,042$168,184$163,506$159,001$153,388
4 years$132,235$127,204$122,395$117,797$113,401$107,971
5 years$104,731$99,729$94,983$90,480$86,206$80,974
6 years$86,400$81,437$76,761$72,357$68,211$63,184
7 years$73,312$68,390$63,789$59,489$55,474$50,654
8 years$63,500$58,623$54,098$49,904$46,021$41,408
9 years$55,873$51,042$46,594$42,507$38,757$34,348
10 years$49,775$44,991$40,622$36,641$33,022$28,816
11 years$44,789$40,053$35,763$31,889$28,400$24,392
12 years$40,637$35,949$31,739$27,971$24,611$20,797
13 years$37,126$32,488$28,356$24,694$21,461$17,837
14 years$34,119$29,530$25,478$21,921$18,813$15,373
15 years$31,516$26,977$23,004$19,549$16,564$13,304
16 years$29,240$24,750$20,856$17,504$14,640$11,553
17 years$27,235$22,794$18,978$15,728$12,981$10,062
18 years$25,454$21,063$17,325$14,174$11,542$8,785
19 years$23,862$19,521$15,860$12,807$10,287$7,687
20 years$22,431$18,140$14,555$11,599$9,189$6,738
21 years$21,139$16,896$13,388$10,527$8,223$5,916
22 years$19,965$15,772$12,339$9,572$7,371$5,202
23 years$18,895$14,751$11,393$8,717$6,616$4,579
24 years$17,915$13,821$10,537$7,950$5,947$4,035
25 years$17,016$12,970$9,759$7,261$5,351$3,559
26 years$16,187$12,190$9,051$6,639$4,820$3,142
27 years$15,420$11,472$8,405$6,077$4,346$2,775
28 years$14,710$10,810$7,813$5,568$3,921$2,453
29 years$14,050$10,198$7,271$5,106$3,541$2,170
30 years$13,435$9,631$6,773$4,686$3,199$1,920
31 years$12,861$9,105$6,314$4,303$2,893$1,699
32 years$12,323$8,615$5,891$3,955$2,617$1,505
33 years$11,820$8,158$5,500$3,637$2,368$1,333
34 years$11,347$7,732$5,139$3,346$2,144$1,181
35 years$10,902$7,334$4,805$3,080$1,942$1,047
36 years$10,482$6,961$4,495$2,837$1,759$928
37 years$10,087$6,611$4,207$2,614$1,595$823
38 years$9,713$6,283$3,940$2,409$1,446$730
39 years$9,359$5,975$3,691$2,221$1,311$647
40 years$9,023$5,684$3,460$2,049$1,189$574
41 years$8,705$5,411$3,244$1,890$1,079$510
42 years$8,403$5,153$3,043$1,745$979$452
43 years$8,115$4,910$2,856$1,611$888$401
44 years$7,842$4,680$2,680$1,487$806$356
45 years$7,581$4,463$2,517$1,373$732$316
46 years$7,332$4,258$2,364$1,269$665$281
47 years$7,095$4,063$2,221$1,172$604$249
48 years$6,868$3,879$2,087$1,083$548$221
49 years$6,651$3,704$1,962$1,001$498$196
50 years$6,444$3,538$1,844$925$452$174

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $6,600,000, adding $4,687 every year, while hoping to spend $28,240 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: 72/23/5 Blend
72$6,600,000$6,600,000$6,600,000$6,600,000
73$7,278,035$6,928,235$6,825,935$7,798,572
74$7,990,347$7,237,671$7,024,556$8,451,683
75$8,774,369$7,561,323$7,228,885$9,162,486
76$9,637,384$7,899,858$7,439,083$9,939,861
77$10,587,421$8,253,974$7,655,315$10,790,357
78$11,633,322$8,624,403$7,877,753$11,721,174
79$12,784,833$9,011,912$8,106,570$12,740,240
80$14,052,694$9,417,303$8,341,948$13,856,279
81$15,448,736$9,841,418$8,584,070$15,078,891
82$16,985,999$10,285,139$8,833,128$16,418,645
83$18,678,849$10,749,389$9,089,316$17,887,173
84$20,543,119$11,235,137$9,352,836$19,497,281
85$22,596,254$11,743,395$9,623,892$21,263,066
86$24,857,477$12,275,227$9,902,698$23,200,048
87$27,347,971$12,831,745$10,189,470$25,325,315
88$30,091,080$13,414,116$10,484,433$27,657,680
89$33,112,525$14,023,562$10,787,816$30,217,860
90$36,440,650$14,661,364$11,099,855$33,028,665
91$40,106,688$15,328,863$11,420,793$36,115,213
92$44,145,060$16,027,467$11,750,879$39,505,166
93$48,593,691$16,758,648$12,090,368$43,228,986
94$53,494,376$17,523,950$12,439,525$47,320,220
95$58,893,172$18,324,993$12,798,618$51,815,816
96$64,840,828$19,163,471$13,167,925$56,756,465
97$71,393,274$20,041,162$13,547,731$62,186,986
98$78,612,137$20,959,928$13,938,330$68,156,743
99$86,565,332$21,921,721$14,340,021$74,720,108
100$95,327,698$22,928,588$14,753,113$81,936,970