Can I retire at age 70 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$520,248$515,614$511,093$506,680$502,371$499,414
2 years$257,549$252,752$248,103$243,596$239,224$236,241
3 years$169,994$165,176$160,539$156,074$151,774$148,857
4 years$126,225$121,422$116,831$112,443$108,246$105,418
5 years$99,970$95,196$90,666$86,367$82,287$79,556
6 years$82,473$77,735$73,272$69,068$65,111$62,480
7 years$69,980$65,282$60,889$56,785$52,953$50,423
8 years$60,614$55,958$51,639$47,635$43,929$41,502
9 years$53,333$48,722$44,476$40,575$36,995$34,669
10 years$47,512$42,946$38,776$34,976$31,521$29,295
11 years$42,753$38,232$34,137$30,439$27,110$24,982
12 years$38,789$34,315$30,296$26,700$23,493$21,462
13 years$35,438$31,011$27,068$23,572$20,486$18,550
14 years$32,569$28,188$24,320$20,924$17,958$16,114
15 years$30,084$25,750$21,958$18,661$15,812$14,058
16 years$27,911$23,625$19,908$16,709$13,974$12,308
17 years$25,997$21,758$18,116$15,013$12,391$10,810
18 years$24,297$20,106$16,537$13,529$11,017$9,519
19 years$22,777$18,634$15,139$12,225$9,820$8,401
20 years$21,412$17,315$13,894$11,072$8,771$7,429
21 years$20,178$16,128$12,780$10,049$7,849$6,581
22 years$19,057$15,055$11,778$9,136$7,036$5,838
23 years$18,036$14,081$10,875$8,321$6,316$5,186
24 years$17,101$13,193$10,058$7,589$5,677$4,613
25 years$16,242$12,381$9,316$6,931$5,108$4,107
26 years$15,451$11,636$8,640$6,337$4,601$3,659
27 years$14,719$10,951$8,023$5,801$4,148$3,263
28 years$14,041$10,319$7,458$5,315$3,743$2,912
29 years$13,411$9,735$6,940$4,874$3,380$2,601
30 years$12,824$9,193$6,465$4,473$3,054$2,324
31 years$12,276$8,691$6,027$4,108$2,761$2,077
32 years$11,763$8,223$5,623$3,775$2,498$1,858
33 years$11,282$7,788$5,250$3,472$2,260$1,662
34 years$10,831$7,381$4,906$3,194$2,047$1,488
35 years$10,406$7,001$4,586$2,940$1,854$1,332
36 years$10,006$6,645$4,291$2,708$1,679$1,193
37 years$9,628$6,311$4,016$2,495$1,522$1,068
38 years$9,271$5,998$3,761$2,300$1,380$957
39 years$8,933$5,703$3,523$2,121$1,251$858
40 years$8,613$5,426$3,302$1,956$1,135$769
41 years$8,309$5,165$3,097$1,805$1,030$689
42 years$8,021$4,919$2,905$1,665$934$618
43 years$7,746$4,687$2,726$1,537$848$554
44 years$7,485$4,468$2,559$1,419$770$497
45 years$7,236$4,260$2,402$1,311$699$446
46 years$6,999$4,064$2,256$1,211$634$400
47 years$6,773$3,878$2,120$1,119$576$358
48 years$6,556$3,702$1,992$1,034$523$322
49 years$6,349$3,536$1,872$955$475$289
50 years$6,151$3,377$1,760$883$432$259

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $6,300,000, adding $5,639 every year, while hoping to spend $48,986 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: 52/21/27 Blend
69$6,300,000$6,300,000$6,300,000$6,300,000
70$6,948,417$6,614,517$6,516,867$7,256,911
71$7,605,034$6,886,507$6,683,061$7,743,665
72$8,326,985$7,170,184$6,853,181$8,267,452
73$9,120,882$7,466,066$7,027,306$8,836,278
74$9,994,009$7,774,701$7,205,518$9,454,460
75$10,954,393$8,096,656$7,387,898$10,126,744
76$12,010,878$8,432,529$7,574,530$10,858,355
77$13,173,206$8,782,942$7,765,496$11,655,035
78$14,452,115$9,148,548$7,960,881$12,523,105
79$15,859,433$9,530,029$8,160,773$13,469,517
80$17,408,193$9,928,098$8,365,256$14,501,921
81$19,112,756$10,343,502$8,574,420$15,628,737
82$20,988,945$10,777,022$8,788,351$16,859,227
83$23,054,197$11,229,476$9,007,140$18,203,589
84$25,327,722$11,701,717$9,230,877$19,673,045
85$27,830,690$12,194,641$9,459,651$21,279,948
86$30,586,426$12,709,184$9,693,555$23,037,897
87$33,620,633$13,246,326$9,932,680$24,961,861
88$36,961,632$13,807,090$10,177,120$27,068,323
89$40,640,631$14,392,551$10,426,966$29,375,427
90$44,692,019$15,003,829$10,682,313$31,903,154
91$49,153,689$15,642,101$10,943,255$34,673,503
92$54,067,397$16,308,595$11,209,885$37,710,699
93$59,479,154$17,004,599$11,482,299$41,041,418
94$65,439,661$17,731,458$11,760,590$44,695,038
95$72,004,790$18,490,583$12,044,853$48,703,912
96$79,236,106$19,283,449$12,335,183$53,103,671
97$87,201,451$20,111,600$12,631,674$57,933,558
98$95,975,585$20,976,654$12,934,420$63,236,796
99$105,640,887$21,880,302$13,243,516$69,060,992
100$116,288,137$22,824,317$13,559,053$75,458,581