Can I retire at age 70 with 6,100,000?

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$503,732$499,245$494,868$490,595$486,423$478,364
2 years$249,372$244,728$240,227$235,863$231,630$223,535
3 years$164,597$159,933$155,443$151,120$146,955$139,076
4 years$122,217$117,567$113,123$108,873$104,810$97,206
5 years$96,796$92,174$87,788$83,625$79,675$72,369
6 years$79,855$75,267$70,946$66,876$63,044$56,044
7 years$67,758$63,209$58,956$54,982$51,272$44,580
8 years$58,690$54,182$49,999$46,123$42,535$36,150
9 years$51,640$47,175$43,064$39,287$35,820$29,739
10 years$46,004$41,583$37,545$33,866$30,521$24,738
11 years$41,396$37,019$33,054$29,473$26,249$20,758
12 years$37,558$33,226$29,334$25,852$22,747$17,541
13 years$34,313$30,026$26,208$22,823$19,836$14,908
14 years$31,535$27,293$23,548$20,260$17,388$12,729
15 years$29,129$24,933$21,261$18,068$15,310$10,911
16 years$27,025$22,875$19,276$16,178$13,531$9,383
17 years$25,171$21,067$17,540$14,536$11,997$8,092
18 years$23,525$19,467$16,012$13,100$10,667$6,994
19 years$22,054$18,042$14,658$11,837$9,508$6,058
20 years$20,732$16,766$13,453$10,721$8,493$5,255
21 years$19,537$15,616$12,374$9,730$7,600$4,566
22 years$18,452$14,577$11,405$8,846$6,812$3,972
23 years$17,463$13,634$10,530$8,057$6,115$3,459
24 years$16,558$12,774$9,739$7,348$5,496$3,015
25 years$15,727$11,988$9,020$6,711$4,946$2,630
26 years$14,960$11,267$8,365$6,136$4,455$2,296
27 years$14,252$10,603$7,768$5,616$4,017$2,006
28 years$13,596$9,991$7,221$5,146$3,624$1,753
29 years$12,985$9,426$6,720$4,719$3,273$1,533
30 years$12,417$8,902$6,260$4,331$2,957$1,341
31 years$11,886$8,415$5,836$3,977$2,673$1,173
32 years$11,390$7,962$5,445$3,655$2,418$1,027
33 years$10,924$7,540$5,084$3,361$2,189$899
34 years$10,487$7,147$4,750$3,093$1,982$787
35 years$10,076$6,778$4,441$2,847$1,795$690
36 years$9,688$6,434$4,154$2,622$1,626$604
37 years$9,322$6,111$3,888$2,416$1,474$529
38 years$8,977$5,807$3,641$2,227$1,336$464
39 years$8,650$5,522$3,412$2,053$1,212$407
40 years$8,340$5,254$3,198$1,894$1,099$356
41 years$8,046$5,001$2,998$1,747$997$312
42 years$7,766$4,763$2,813$1,613$905$274
43 years$7,501$4,538$2,639$1,489$821$240
44 years$7,248$4,326$2,477$1,374$745$211
45 years$7,007$4,125$2,326$1,269$677$185
46 years$6,777$3,935$2,185$1,172$614$162
47 years$6,558$3,755$2,053$1,083$558$142
48 years$6,348$3,585$1,929$1,001$507$125
49 years$6,148$3,423$1,813$925$460$109
50 years$5,956$3,270$1,704$855$418$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $6,100,000, adding $2,279 every year, while hoping to spend $33,644 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: 60/16/24 Blend
69$6,100,000$6,100,000$6,100,000$6,100,000
70$6,724,551$6,401,251$6,306,701$7,084,792
71$7,374,658$6,679,115$6,482,178$7,607,745
72$8,089,949$6,969,467$6,662,407$8,174,219
73$8,877,036$7,272,883$6,847,510$8,791,569
74$9,743,206$7,589,967$7,037,614$9,464,746
75$10,696,488$7,921,351$7,232,849$10,199,197
76$11,745,728$8,267,695$7,433,348$11,000,915
77$12,900,674$8,629,694$7,639,247$11,876,496
78$14,172,066$9,008,073$7,850,685$12,833,197
79$15,571,740$9,403,591$8,067,805$13,879,007
80$17,112,734$9,817,044$8,290,754$15,022,719
81$18,809,420$10,249,266$8,519,681$16,274,009
82$20,677,630$10,701,129$8,754,739$17,643,533
83$22,734,811$11,173,547$8,996,086$19,143,018
84$25,000,189$11,667,478$9,243,882$20,785,376
85$27,494,947$12,183,924$9,498,292$22,584,825
86$30,242,431$12,723,935$9,759,483$24,557,016
87$33,268,362$13,288,611$10,027,629$26,719,186
88$36,601,086$13,879,104$10,302,906$29,090,314
89$40,271,837$14,496,620$10,585,494$31,691,299
90$44,315,035$15,142,425$10,875,578$34,545,158
91$48,768,605$15,817,841$11,173,347$37,677,236
92$53,674,344$16,524,256$11,478,994$41,115,449
93$59,078,305$17,263,122$11,792,719$44,890,542
94$65,031,239$18,035,962$12,114,722$49,036,377
95$71,589,071$18,844,370$12,445,211$53,590,251
96$78,813,428$19,690,016$12,784,397$58,593,244
97$86,772,221$20,574,651$13,132,498$64,090,607
98$95,540,286$21,500,107$13,489,735$70,132,184
99$105,200,088$22,468,305$13,856,334$76,772,879
100$115,842,503$23,481,258$14,232,527$84,073,176