Can I retire at age 70 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$528,506$523,798$519,205$514,722$510,345$505,647
2 years$261,637$256,764$252,041$247,463$243,021$238,288
3 years$172,692$167,798$163,088$158,552$154,183$149,561
4 years$128,228$123,349$118,686$114,228$109,964$105,489
5 years$101,557$96,707$92,105$87,738$83,593$79,278
6 years$83,782$78,969$74,435$70,165$66,144$61,995
7 years$71,090$66,318$61,856$57,686$53,793$49,811
8 years$61,576$56,847$52,458$48,392$44,627$40,812
9 years$54,180$49,495$45,182$41,219$37,582$33,933
10 years$48,267$43,628$39,391$35,531$32,022$28,536
11 years$43,432$38,839$34,679$30,923$27,540$24,216
12 years$39,405$34,860$30,777$27,123$23,865$20,699
13 years$36,001$31,503$27,497$23,946$20,811$17,799
14 years$33,086$28,636$24,706$21,256$18,243$15,381
15 years$30,561$26,159$22,306$18,957$16,062$13,347
16 years$28,354$24,000$20,224$16,974$14,196$11,622
17 years$26,409$22,104$18,403$15,251$12,587$10,150
18 years$24,682$20,425$16,800$13,744$11,192$8,888
19 years$23,139$18,929$15,379$12,419$9,976$7,799
20 years$21,752$17,590$14,114$11,248$8,910$6,857
21 years$20,498$16,384$12,982$10,208$7,974$6,038
22 years$19,360$15,294$11,965$9,282$7,147$5,325
23 years$18,322$14,304$11,048$8,453$6,416$4,702
24 years$17,373$13,402$10,217$7,709$5,767$4,156
25 years$16,500$12,577$9,463$7,041$5,189$3,677
26 years$15,696$11,821$8,777$6,438$4,674$3,256
27 years$14,953$11,125$8,150$5,893$4,214$2,886
28 years$14,264$10,483$7,577$5,399$3,803$2,559
29 years$13,624$9,889$7,051$4,951$3,434$2,270
30 years$13,028$9,339$6,567$4,544$3,103$2,016
31 years$12,471$8,829$6,123$4,173$2,805$1,790
32 years$11,950$8,354$5,712$3,835$2,537$1,590
33 years$11,461$7,911$5,334$3,527$2,296$1,413
34 years$11,003$7,498$4,984$3,245$2,079$1,257
35 years$10,571$7,112$4,659$2,987$1,883$1,118
36 years$10,165$6,750$4,359$2,751$1,706$994
37 years$9,781$6,411$4,080$2,535$1,546$884
38 years$9,418$6,093$3,820$2,336$1,402$787
39 years$9,075$5,794$3,579$2,154$1,271$700
40 years$8,750$5,512$3,355$1,987$1,153$624
41 years$8,441$5,247$3,146$1,833$1,046$555
42 years$8,148$4,997$2,951$1,692$949$494
43 years$7,869$4,761$2,769$1,562$861$440
44 years$7,604$4,538$2,599$1,442$782$392
45 years$7,351$4,328$2,441$1,332$710$349
46 years$7,110$4,129$2,292$1,230$645$311
47 years$6,880$3,940$2,153$1,137$585$277
48 years$6,660$3,761$2,024$1,050$532$247
49 years$6,450$3,592$1,902$971$483$220
50 years$6,249$3,431$1,788$897$438$196

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $6,400,000, adding $5,076 every year, while hoping to spend $20,037 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: 60/25/15 Blend
69$6,400,000$6,400,000$6,400,000$6,400,000
70$7,058,036$6,718,836$6,619,636$7,454,586
71$7,756,636$7,026,740$6,820,074$8,030,405
72$8,525,822$7,349,059$7,026,556$8,655,582
73$9,372,773$7,686,480$7,239,262$9,337,103
74$10,305,398$8,039,719$7,458,380$10,080,417
75$11,332,413$8,409,530$7,684,100$10,891,513
76$12,463,424$8,796,702$7,916,622$11,776,979
77$13,709,014$9,202,061$8,156,150$12,744,063
78$15,080,845$9,626,473$8,402,892$13,800,734
79$16,591,768$10,070,848$8,657,066$14,955,763
80$18,255,945$10,536,136$8,918,895$16,218,796
81$20,088,980$11,023,335$9,188,606$17,600,449
82$22,108,069$11,533,492$9,466,438$19,112,401
83$24,332,161$12,067,701$9,752,632$20,767,509
84$26,782,135$12,627,113$10,047,439$22,579,916
85$29,481,002$13,212,930$10,351,117$24,565,194
86$32,454,117$13,826,416$10,663,932$26,740,480
87$35,729,420$14,468,894$10,986,157$29,124,637
88$39,337,700$15,141,749$11,318,073$31,738,430
89$43,312,888$15,846,437$11,659,971$34,604,721
90$47,692,371$16,584,481$12,012,148$37,748,675
91$52,517,351$17,357,479$12,374,913$41,198,003
92$57,833,230$18,167,105$12,748,582$44,983,213
93$63,690,041$19,015,114$13,133,481$49,137,896
94$70,142,918$19,903,347$13,529,945$53,699,044
95$77,252,617$20,833,733$13,938,320$58,707,387
96$85,086,093$21,808,294$14,358,962$64,207,781
97$93,717,124$22,829,151$14,792,238$70,249,621
98$103,227,017$23,898,526$15,238,524$76,887,309
99$113,705,368$25,018,748$15,698,209$84,180,758
100$125,250,909$26,192,261$16,171,693$92,195,951