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%12.1%
1 years$520,248$515,614$511,093$506,680$502,371$497,954
2 years$257,549$252,752$248,103$243,596$239,224$234,773
3 years$169,994$165,176$160,539$156,074$151,774$147,426
4 years$126,225$121,422$116,831$112,443$108,246$104,037
5 years$99,970$95,196$90,666$86,367$82,287$78,227
6 years$82,473$77,735$73,272$69,068$65,111$61,206
7 years$69,980$65,282$60,889$56,785$52,953$49,204
8 years$60,614$55,958$51,639$47,635$43,929$40,338
9 years$53,333$48,722$44,476$40,575$36,995$33,559
10 years$47,512$42,946$38,776$34,976$31,521$28,239
11 years$42,753$38,232$34,137$30,439$27,110$23,978
12 years$38,789$34,315$30,296$26,700$23,493$20,508
13 years$35,438$31,011$27,068$23,572$20,486$17,646
14 years$32,569$28,188$24,320$20,924$17,958$15,259
15 years$30,084$25,750$21,958$18,661$15,812$13,250
16 years$27,911$23,625$19,908$16,709$13,974$11,546
17 years$25,997$21,758$18,116$15,013$12,391$10,091
18 years$24,297$20,106$16,537$13,529$11,017$8,842
19 years$22,777$18,634$15,139$12,225$9,820$7,764
20 years$21,412$17,315$13,894$11,072$8,771$6,831
21 years$20,178$16,128$12,780$10,049$7,849$6,020
22 years$19,057$15,055$11,778$9,136$7,036$5,313
23 years$18,036$14,081$10,875$8,321$6,316$4,695
24 years$17,101$13,193$10,058$7,589$5,677$4,153
25 years$16,242$12,381$9,316$6,931$5,108$3,678
26 years$15,451$11,636$8,640$6,337$4,601$3,259
27 years$14,719$10,951$8,023$5,801$4,148$2,891
28 years$14,041$10,319$7,458$5,315$3,743$2,565
29 years$13,411$9,735$6,940$4,874$3,380$2,278
30 years$12,824$9,193$6,465$4,473$3,054$2,024
31 years$12,276$8,691$6,027$4,108$2,761$1,799
32 years$11,763$8,223$5,623$3,775$2,498$1,599
33 years$11,282$7,788$5,250$3,472$2,260$1,423
34 years$10,831$7,381$4,906$3,194$2,047$1,266
35 years$10,406$7,001$4,586$2,940$1,854$1,127
36 years$10,006$6,645$4,291$2,708$1,679$1,003
37 years$9,628$6,311$4,016$2,495$1,522$893
38 years$9,271$5,998$3,761$2,300$1,380$796
39 years$8,933$5,703$3,523$2,121$1,251$709
40 years$8,613$5,426$3,302$1,956$1,135$631
41 years$8,309$5,165$3,097$1,805$1,030$563
42 years$8,021$4,919$2,905$1,665$934$501
43 years$7,746$4,687$2,726$1,537$848$447
44 years$7,485$4,468$2,559$1,419$770$398
45 years$7,236$4,260$2,402$1,311$699$355
46 years$6,999$4,064$2,256$1,211$634$317
47 years$6,773$3,878$2,120$1,119$576$282
48 years$6,556$3,702$1,992$1,034$523$252
49 years$6,349$3,536$1,872$955$475$224
50 years$6,151$3,377$1,760$883$432$200

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 $3,644 every year, while hoping to spend $54,674 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: 47/41/12 Blend
69$6,300,000$6,300,000$6,300,000$6,300,000
70$6,946,359$6,612,459$6,514,809$7,249,445
71$7,596,715$6,878,297$6,674,882$7,724,939
72$8,311,574$7,155,328$6,838,486$8,234,764
73$9,097,460$7,444,044$7,005,680$8,786,851
74$9,961,556$7,744,957$7,176,525$9,385,149
75$10,911,778$8,058,604$7,351,082$10,033,997
76$11,956,849$8,385,545$7,529,413$10,738,161
77$13,106,377$8,726,366$7,711,578$11,502,878
78$14,370,950$9,081,680$7,897,638$12,333,902
79$15,762,232$9,452,128$8,087,654$13,237,559
80$17,293,077$9,838,379$8,281,688$14,220,801
81$18,977,646$10,241,135$8,479,799$15,291,272
82$20,831,542$10,661,126$8,682,049$16,457,376
83$22,871,957$11,099,120$8,888,496$17,728,355
84$25,117,837$11,555,917$9,099,200$19,114,372
85$27,590,054$12,032,354$9,314,221$20,626,608
86$30,311,608$12,529,308$9,533,616$22,277,358
87$33,307,843$13,047,695$9,757,443$24,080,150
88$36,606,684$13,588,473$9,985,758$26,049,867
89$40,238,902$14,152,645$10,218,618$28,202,886
90$44,238,404$14,741,258$10,456,075$30,557,225
91$48,642,552$15,355,411$10,698,184$33,132,714
92$53,492,515$15,996,249$10,944,997$35,951,178
93$58,833,661$16,664,974$11,196,563$39,036,635
94$64,715,977$17,362,841$11,452,931$42,415,524
95$71,194,551$18,091,164$11,714,148$46,116,946
96$78,330,081$18,851,318$11,980,259$50,172,938
97$86,189,457$19,644,740$12,251,305$54,618,768
98$94,846,385$20,472,935$12,527,327$59,493,264
99$104,382,086$21,337,479$12,808,362$64,839,175
100$114,886,062$22,240,018$13,094,445$70,703,573