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%15.4%
1 years$503,732$499,245$494,868$490,595$486,423$475,630
2 years$249,372$244,728$240,227$235,863$231,630$220,812
3 years$164,597$159,933$155,443$151,120$146,955$136,451
4 years$122,217$117,567$113,123$108,873$104,810$94,699
5 years$96,796$92,174$87,788$83,625$79,675$69,987
6 years$79,855$75,267$70,946$66,876$63,044$53,789
7 years$67,758$63,209$58,956$54,982$51,272$42,451
8 years$58,690$54,182$49,999$46,123$42,535$34,145
9 years$51,640$47,175$43,064$39,287$35,820$27,855
10 years$46,004$41,583$37,545$33,866$30,521$22,972
11 years$41,396$37,019$33,054$29,473$26,249$19,107
12 years$37,558$33,226$29,334$25,852$22,747$16,000
13 years$34,313$30,026$26,208$22,823$19,836$13,472
14 years$31,535$27,293$23,548$20,260$17,388$11,395
15 years$29,129$24,933$21,261$18,068$15,310$9,673
16 years$27,025$22,875$19,276$16,178$13,531$8,237
17 years$25,171$21,067$17,540$14,536$11,997$7,032
18 years$23,525$19,467$16,012$13,100$10,667$6,017
19 years$22,054$18,042$14,658$11,837$9,508$5,157
20 years$20,732$16,766$13,453$10,721$8,493$4,428
21 years$19,537$15,616$12,374$9,730$7,600$3,806
22 years$18,452$14,577$11,405$8,846$6,812$3,275
23 years$17,463$13,634$10,530$8,057$6,115$2,821
24 years$16,558$12,774$9,739$7,348$5,496$2,432
25 years$15,727$11,988$9,020$6,711$4,946$2,099
26 years$14,960$11,267$8,365$6,136$4,455$1,812
27 years$14,252$10,603$7,768$5,616$4,017$1,565
28 years$13,596$9,991$7,221$5,146$3,624$1,352
29 years$12,985$9,426$6,720$4,719$3,273$1,169
30 years$12,417$8,902$6,260$4,331$2,957$1,011
31 years$11,886$8,415$5,836$3,977$2,673$874
32 years$11,390$7,962$5,445$3,655$2,418$756
33 years$10,924$7,540$5,084$3,361$2,189$654
34 years$10,487$7,147$4,750$3,093$1,982$566
35 years$10,076$6,778$4,441$2,847$1,795$490
36 years$9,688$6,434$4,154$2,622$1,626$425
37 years$9,322$6,111$3,888$2,416$1,474$368
38 years$8,977$5,807$3,641$2,227$1,336$318
39 years$8,650$5,522$3,412$2,053$1,212$276
40 years$8,340$5,254$3,198$1,894$1,099$239
41 years$8,046$5,001$2,998$1,747$997$207
42 years$7,766$4,763$2,813$1,613$905$179
43 years$7,501$4,538$2,639$1,489$821$155
44 years$7,248$4,326$2,477$1,374$745$134
45 years$7,007$4,125$2,326$1,269$677$116
46 years$6,777$3,935$2,185$1,172$614$101
47 years$6,558$3,755$2,053$1,083$558$87
48 years$6,348$3,585$1,929$1,001$507$76
49 years$6,148$3,423$1,813$925$460$66
50 years$5,956$3,270$1,704$855$418$57

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 $2,929 every year, while hoping to spend $37,163 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: 49/28/23 Blend
69$6,100,000$6,100,000$6,100,000$6,100,000
70$6,725,221$6,401,921$6,307,371$7,010,935
71$7,371,653$6,676,074$6,479,127$7,484,386
72$8,082,775$6,962,415$6,655,391$7,994,469
73$8,865,146$7,261,502$6,836,275$8,547,871
74$9,725,994$7,573,919$7,021,894$9,148,692
75$10,673,282$7,900,277$7,212,363$9,801,439
76$11,715,783$8,241,217$7,407,804$10,511,068
77$12,863,165$8,597,408$7,608,337$11,283,023
78$14,126,079$8,969,553$7,814,088$12,123,293
79$15,516,263$9,358,385$8,025,184$13,038,461
80$17,046,649$9,764,673$8,241,755$14,035,768
81$18,731,488$10,189,223$8,463,935$15,123,178
82$20,586,483$10,632,878$8,691,859$16,309,448
83$22,628,935$11,096,520$8,925,667$17,604,214
84$24,877,910$11,581,073$9,165,500$19,018,077
85$27,354,416$12,087,505$9,411,504$20,562,700
86$30,081,603$12,616,829$9,663,826$22,250,915
87$33,084,980$13,170,107$9,922,618$24,096,845
88$36,392,655$13,748,450$10,188,033$26,116,031
89$40,035,603$14,353,021$10,460,229$28,325,577
90$44,047,955$14,985,040$10,739,367$30,744,312
91$48,467,322$15,645,782$11,025,611$33,392,956
92$53,335,148$16,336,584$11,319,129$36,294,324
93$58,697,103$17,058,847$11,620,090$39,473,526
94$64,603,514$17,814,036$11,928,668$42,958,210
95$71,109,836$18,603,688$12,245,043$46,778,816
96$78,277,182$19,429,411$12,569,394$50,968,858
97$86,172,892$20,292,890$12,901,906$55,565,237
98$94,871,175$21,195,889$13,242,768$60,608,589
99$104,453,805$22,140,258$13,592,171$66,143,658
100$115,010,895$23,127,933$13,950,311$72,219,719