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

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$511,990$507,430$502,980$498,637$494,397$485,209
2 years$253,460$248,740$244,165$239,729$235,427$226,204
3 years$167,295$162,554$157,991$153,597$149,365$140,395
4 years$124,221$119,495$114,977$110,658$106,528$97,881
5 years$98,383$93,685$89,227$84,996$80,981$72,680
6 years$81,164$76,501$72,109$67,972$64,077$56,133
7 years$68,869$64,245$59,923$55,883$52,112$44,526
8 years$59,652$55,070$50,819$46,879$43,232$36,002
9 years$52,487$47,949$43,770$39,931$36,408$29,529
10 years$46,758$42,264$38,160$34,421$31,021$24,488
11 years$42,074$37,625$33,596$29,956$26,679$20,484
12 years$38,174$33,771$29,815$26,276$23,120$17,254
13 years$34,876$30,519$26,638$23,198$20,161$14,615
14 years$32,052$27,741$23,934$20,592$17,673$12,437
15 years$29,606$25,342$21,609$18,365$15,561$10,624
16 years$27,468$23,250$19,592$16,443$13,752$9,105
17 years$25,584$21,413$17,828$14,774$12,194$7,823
18 years$23,911$19,786$16,275$13,315$10,842$6,738
19 years$22,416$18,338$14,899$12,031$9,664$5,814
20 years$21,072$17,040$13,673$10,896$8,632$5,025
21 years$19,857$15,872$12,577$9,889$7,725$4,349
22 years$18,755$14,816$11,591$8,991$6,924$3,769
23 years$17,750$13,857$10,703$8,189$6,215$3,270
24 years$16,830$12,984$9,898$7,469$5,587$2,839
25 years$15,985$12,184$9,168$6,821$5,027$2,467
26 years$15,206$11,451$8,503$6,237$4,528$2,145
27 years$14,486$10,777$7,895$5,708$4,083$1,866
28 years$13,818$10,155$7,340$5,230$3,684$1,624
29 years$13,198$9,580$6,830$4,796$3,326$1,414
30 years$12,621$9,048$6,362$4,402$3,006$1,232
31 years$12,081$8,553$5,931$4,043$2,717$1,074
32 years$11,576$8,093$5,534$3,715$2,458$936
33 years$11,103$7,664$5,167$3,416$2,224$816
34 years$10,659$7,264$4,828$3,143$2,014$712
35 years$10,241$6,890$4,514$2,894$1,824$621
36 years$9,847$6,539$4,222$2,665$1,653$542
37 years$9,475$6,211$3,952$2,455$1,498$472
38 years$9,124$5,902$3,701$2,263$1,358$412
39 years$8,791$5,613$3,467$2,087$1,232$360
40 years$8,476$5,340$3,250$1,925$1,117$314
41 years$8,177$5,083$3,047$1,776$1,013$274
42 years$7,894$4,841$2,859$1,639$920$239
43 years$7,624$4,612$2,682$1,513$835$209
44 years$7,366$4,397$2,518$1,397$758$182
45 years$7,122$4,193$2,364$1,290$688$159
46 years$6,888$4,000$2,221$1,192$624$139
47 years$6,665$3,817$2,086$1,101$567$121
48 years$6,452$3,644$1,960$1,017$515$106
49 years$6,248$3,480$1,843$940$468$93
50 years$6,053$3,324$1,732$869$425$81

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 $2,696 every year, while hoping to spend $40,802 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: 34/46/20 Blend
69$6,200,000$6,200,000$6,200,000$6,200,000
70$6,835,181$6,506,581$6,410,481$7,025,560
71$7,488,956$6,781,990$6,581,819$7,441,781
72$8,208,049$7,069,527$6,757,529$7,886,365
73$8,999,079$7,369,743$6,937,716$8,364,949
74$9,869,339$7,683,214$7,122,483$8,880,565
75$10,826,865$8,010,545$7,311,939$9,436,537
76$11,880,510$8,352,367$7,506,194$10,036,511
77$13,040,030$8,709,340$7,705,359$10,684,484
78$14,316,174$9,082,159$7,909,550$11,384,841
79$15,720,785$9,471,546$8,118,881$12,142,393
80$17,266,915$9,878,261$8,333,473$12,962,421
81$18,968,941$10,303,097$8,553,446$13,850,721
82$20,842,710$10,746,886$8,778,923$14,813,655
83$22,905,679$11,210,496$9,010,030$15,858,212
84$25,177,087$11,694,839$9,246,895$16,992,065
85$27,678,133$12,200,869$9,489,648$18,223,644
86$30,432,173$12,729,583$9,738,422$19,562,210
87$33,464,949$13,282,026$9,993,353$21,017,940
88$36,804,821$13,859,293$10,254,578$22,602,016
89$40,483,044$14,462,529$10,522,237$24,326,732
90$44,534,055$15,092,934$10,796,473$26,205,597
91$48,995,804$15,751,763$11,077,430$28,253,468
92$53,910,109$16,440,332$11,365,257$30,486,679
93$59,323,050$17,160,019$11,660,103$32,923,189
94$65,285,405$17,912,264$11,962,121$35,582,753
95$71,853,130$18,698,578$12,271,466$38,487,096
96$79,087,885$19,520,544$12,588,295$41,660,118
97$87,057,615$20,379,816$12,912,768$45,128,108
98$95,837,194$21,278,130$13,245,049$48,919,991
99$105,509,131$22,217,301$13,585,301$53,067,593
100$116,164,347$23,199,234$13,933,693$57,605,931