Can I retire at age 70 with 6,200,000?

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$511,990$507,430$502,980$498,637$494,397$487,613
2 years$253,460$248,740$244,165$239,729$235,427$228,604
3 years$167,295$162,554$157,991$153,597$149,365$142,715
4 years$124,221$119,495$114,977$110,658$106,528$100,103
5 years$98,383$93,685$89,227$84,996$80,981$74,799
6 years$81,164$76,501$72,109$67,972$64,077$58,146
7 years$68,869$64,245$59,923$55,883$52,112$46,433
8 years$59,652$55,070$50,819$46,879$43,232$37,805
9 years$52,487$47,949$43,770$39,931$36,408$31,230
10 years$46,758$42,264$38,160$34,421$31,021$26,089
11 years$42,074$37,625$33,596$29,956$26,679$21,989
12 years$38,174$33,771$29,815$26,276$23,120$18,664
13 years$34,876$30,519$26,638$23,198$20,161$15,935
14 years$32,052$27,741$23,934$20,592$17,673$13,670
15 years$29,606$25,342$21,609$18,365$15,561$11,774
16 years$27,468$23,250$19,592$16,443$13,752$10,175
17 years$25,584$21,413$17,828$14,774$12,194$8,818
18 years$23,911$19,786$16,275$13,315$10,842$7,661
19 years$22,416$18,338$14,899$12,031$9,664$6,669
20 years$21,072$17,040$13,673$10,896$8,632$5,816
21 years$19,857$15,872$12,577$9,889$7,725$5,080
22 years$18,755$14,816$11,591$8,991$6,924$4,443
23 years$17,750$13,857$10,703$8,189$6,215$3,890
24 years$16,830$12,984$9,898$7,469$5,587$3,409
25 years$15,985$12,184$9,168$6,821$5,027$2,991
26 years$15,206$11,451$8,503$6,237$4,528$2,625
27 years$14,486$10,777$7,895$5,708$4,083$2,306
28 years$13,818$10,155$7,340$5,230$3,684$2,027
29 years$13,198$9,580$6,830$4,796$3,326$1,783
30 years$12,621$9,048$6,362$4,402$3,006$1,568
31 years$12,081$8,553$5,931$4,043$2,717$1,380
32 years$11,576$8,093$5,534$3,715$2,458$1,215
33 years$11,103$7,664$5,167$3,416$2,224$1,070
34 years$10,659$7,264$4,828$3,143$2,014$943
35 years$10,241$6,890$4,514$2,894$1,824$831
36 years$9,847$6,539$4,222$2,665$1,653$732
37 years$9,475$6,211$3,952$2,455$1,498$645
38 years$9,124$5,902$3,701$2,263$1,358$569
39 years$8,791$5,613$3,467$2,087$1,232$502
40 years$8,476$5,340$3,250$1,925$1,117$442
41 years$8,177$5,083$3,047$1,776$1,013$390
42 years$7,894$4,841$2,859$1,639$920$344
43 years$7,624$4,612$2,682$1,513$835$303
44 years$7,366$4,397$2,518$1,397$758$268
45 years$7,122$4,193$2,364$1,290$688$236
46 years$6,888$4,000$2,221$1,192$624$208
47 years$6,665$3,817$2,086$1,101$567$184
48 years$6,452$3,644$1,960$1,017$515$162
49 years$6,248$3,480$1,843$940$468$143
50 years$6,053$3,324$1,732$869$425$126

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $6,200,000, adding $5,194 every year, while hoping to spend $39,885 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: 74/20/6 Blend
69$6,200,000$6,200,000$6,200,000$6,200,000
70$6,837,758$6,509,158$6,413,058$7,338,882
71$7,492,772$6,785,669$6,585,458$7,945,907
72$8,213,260$7,074,393$6,762,296$8,605,108
73$9,005,860$7,375,885$6,943,680$9,326,078
74$9,877,882$7,690,728$7,129,718$10,114,909
75$10,837,384$8,019,531$7,320,521$10,978,306
76$11,893,241$8,362,932$7,516,203$11,923,649
77$13,055,235$8,721,599$7,716,879$12,959,060
78$14,334,142$9,096,231$7,922,668$14,093,482
79$15,741,836$9,487,558$8,133,689$15,336,760
80$17,291,403$9,896,348$8,350,067$16,699,731
81$18,997,257$10,323,400$8,571,926$18,194,329
82$20,875,287$10,769,556$8,799,394$19,833,692
83$22,942,994$11,235,693$9,032,602$21,632,288
84$25,219,669$11,722,731$9,271,684$23,606,046
85$27,726,564$12,231,633$9,516,774$25,772,508
86$30,487,098$12,763,408$9,768,011$28,150,995
87$33,527,079$13,319,111$10,025,535$30,762,779
88$36,874,941$13,899,848$10,289,491$33,631,293
89$40,562,021$14,506,777$10,560,025$36,782,340
90$44,622,847$15,141,109$10,837,286$40,244,341
91$49,095,467$15,804,113$11,121,425$44,048,602
92$54,021,809$16,497,118$11,412,596$48,229,600
93$59,448,074$17,221,518$11,710,959$52,825,315
94$65,425,173$17,978,767$12,016,671$57,877,579
95$72,009,208$18,770,394$12,329,897$63,432,472
96$79,262,000$19,597,997$12,650,802$69,540,756
97$87,251,675$20,463,250$12,979,555$76,258,345
98$96,053,303$21,367,906$13,316,327$83,646,838
99$105,749,608$22,313,802$13,661,292$91,774,091
100$116,431,751$23,302,861$14,014,629$100,714,858