Can I retire at age 70 with 6,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$495,474$491,061$486,755$482,552$478,448$472,078
2 years$245,284$240,716$236,289$231,996$227,833$221,425
3 years$161,899$157,311$152,895$148,642$144,546$138,301
4 years$120,214$115,640$111,268$107,088$103,092$97,056
5 years$95,210$90,663$86,349$82,254$78,369$72,560
6 years$78,545$74,033$69,782$65,779$62,010$56,436
7 years$66,647$62,173$57,990$54,081$50,431$45,093
8 years$57,728$53,294$49,180$45,367$41,837$36,735
9 years$50,794$46,402$42,359$38,643$35,233$30,364
10 years$45,250$40,901$36,929$33,310$30,020$25,381
11 years$40,717$36,412$32,512$28,990$25,819$21,405
12 years$36,942$32,681$28,853$25,428$22,374$18,181
13 years$33,751$29,534$25,779$22,449$19,510$15,532
14 years$31,018$26,846$23,162$19,928$17,103$13,334
15 years$28,651$24,524$20,912$17,772$15,059$11,492
16 years$26,582$22,500$18,960$15,913$13,309$9,938
17 years$24,759$20,722$17,253$14,298$11,801$8,619
18 years$23,140$19,148$15,750$12,885$10,492$7,493
19 years$21,693$17,746$14,418$11,643$9,352$6,528
20 years$20,392$16,491$13,232$10,545$8,354$5,697
21 years$19,217$15,360$12,171$9,570$7,475$4,980
22 years$18,150$14,338$11,218$8,701$6,701$4,358
23 years$17,177$13,410$10,357$7,925$6,015$3,819
24 years$16,287$12,565$9,579$7,228$5,406$3,350
25 years$15,469$11,791$8,872$6,601$4,865$2,941
26 years$14,715$11,082$8,228$6,035$4,382$2,584
27 years$14,018$10,429$7,641$5,524$3,951$2,271
28 years$13,373$9,828$7,103$5,061$3,565$1,998
29 years$12,773$9,271$6,610$4,641$3,219$1,758
30 years$12,213$8,756$6,157$4,260$2,909$1,548
31 years$11,691$8,277$5,740$3,912$2,630$1,364
32 years$11,203$7,832$5,355$3,595$2,379$1,202
33 years$10,745$7,417$5,000$3,306$2,153$1,059
34 years$10,315$7,029$4,672$3,042$1,949$934
35 years$9,911$6,667$4,368$2,800$1,765$824
36 years$9,529$6,328$4,086$2,579$1,599$726
37 years$9,170$6,010$3,825$2,376$1,450$641
38 years$8,830$5,712$3,582$2,190$1,314$565
39 years$8,508$5,432$3,356$2,020$1,192$499
40 years$8,203$5,168$3,145$1,863$1,081$440
41 years$7,914$4,919$2,949$1,719$981$389
42 years$7,639$4,685$2,766$1,586$890$343
43 years$7,378$4,464$2,596$1,464$808$303
44 years$7,129$4,255$2,437$1,352$733$267
45 years$6,892$4,057$2,288$1,248$666$236
46 years$6,666$3,871$2,149$1,153$604$208
47 years$6,450$3,694$2,019$1,065$549$184
48 years$6,244$3,526$1,897$985$498$163
49 years$6,047$3,367$1,783$910$453$144
50 years$5,858$3,217$1,677$841$411$127

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $6,000,000, adding $4,938 every year, while hoping to spend $32,400 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: 54/31/15 Blend
69$6,000,000$6,000,000$6,000,000$6,000,000
70$6,617,094$6,299,094$6,206,094$6,947,818
71$7,257,564$6,573,276$6,379,524$7,447,976
72$7,962,276$6,859,807$6,557,679$7,988,213
73$8,737,749$7,159,258$6,740,682$8,575,515
74$9,591,164$7,472,227$6,928,660$9,214,368
75$10,530,437$7,799,340$7,121,744$9,909,706
76$11,564,285$8,141,251$7,320,066$10,666,953
77$12,702,318$8,498,649$7,523,764$11,492,069
78$13,955,123$8,872,251$7,732,979$12,391,612
79$15,334,364$9,262,810$7,947,852$13,372,789
80$16,852,896$9,671,114$8,168,532$14,443,529
81$18,524,883$10,097,991$8,395,170$15,612,554
82$20,365,932$10,544,303$8,627,919$16,889,455
83$22,393,241$11,010,957$8,866,937$18,284,786
84$24,625,759$11,498,902$9,112,388$19,810,157
85$27,084,369$12,009,131$9,364,435$21,478,344
86$29,792,081$12,542,685$9,623,250$23,303,405
87$32,774,251$13,100,653$9,889,006$25,300,809
88$36,058,818$13,684,179$10,161,882$27,487,583
89$39,676,571$14,294,458$10,442,058$29,882,465
90$43,661,438$14,932,742$10,729,723$32,506,081
91$48,050,803$15,600,345$11,025,068$35,381,135
92$52,885,864$16,298,641$11,328,287$38,532,621
93$58,212,019$17,029,071$11,639,581$41,988,053
94$64,079,293$17,793,144$11,959,155$45,777,723
95$70,542,812$18,592,440$12,287,219$49,934,982
96$77,663,325$19,428,615$12,623,987$54,496,553
97$85,507,773$20,303,406$12,969,678$59,502,868
98$94,149,922$21,218,629$13,324,519$64,998,452
99$103,671,061$22,176,189$13,688,737$71,032,332
100$114,160,769$23,178,081$14,062,570$77,658,501