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

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$528,506$523,798$519,205$514,722$510,345$499,021
2 years$261,637$256,764$252,041$247,463$243,021$231,672
3 years$172,692$167,798$163,088$158,552$154,183$143,162
4 years$128,228$123,349$118,686$114,228$109,964$99,357
5 years$101,557$96,707$92,105$87,738$83,593$73,429
6 years$83,782$78,969$74,435$70,165$66,144$56,434
7 years$71,090$66,318$61,856$57,686$53,793$44,538
8 years$61,576$56,847$52,458$48,392$44,627$35,824
9 years$54,180$49,495$45,182$41,219$37,582$29,225
10 years$48,267$43,628$39,391$35,531$32,022$24,102
11 years$43,432$38,839$34,679$30,923$27,540$20,047
12 years$39,405$34,860$30,777$27,123$23,865$16,787
13 years$36,001$31,503$27,497$23,946$20,811$14,135
14 years$33,086$28,636$24,706$21,256$18,243$11,955
15 years$30,561$26,159$22,306$18,957$16,062$10,149
16 years$28,354$24,000$20,224$16,974$14,196$8,642
17 years$26,409$22,104$18,403$15,251$12,587$7,378
18 years$24,682$20,425$16,800$13,744$11,192$6,313
19 years$23,139$18,929$15,379$12,419$9,976$5,411
20 years$21,752$17,590$14,114$11,248$8,910$4,645
21 years$20,498$16,384$12,982$10,208$7,974$3,993
22 years$19,360$15,294$11,965$9,282$7,147$3,436
23 years$18,322$14,304$11,048$8,453$6,416$2,960
24 years$17,373$13,402$10,217$7,709$5,767$2,552
25 years$16,500$12,577$9,463$7,041$5,189$2,202
26 years$15,696$11,821$8,777$6,438$4,674$1,901
27 years$14,953$11,125$8,150$5,893$4,214$1,642
28 years$14,264$10,483$7,577$5,399$3,803$1,418
29 years$13,624$9,889$7,051$4,951$3,434$1,226
30 years$13,028$9,339$6,567$4,544$3,103$1,060
31 years$12,471$8,829$6,123$4,173$2,805$917
32 years$11,950$8,354$5,712$3,835$2,537$793
33 years$11,461$7,911$5,334$3,527$2,296$687
34 years$11,003$7,498$4,984$3,245$2,079$594
35 years$10,571$7,112$4,659$2,987$1,883$514
36 years$10,165$6,750$4,359$2,751$1,706$445
37 years$9,781$6,411$4,080$2,535$1,546$386
38 years$9,418$6,093$3,820$2,336$1,402$334
39 years$9,075$5,794$3,579$2,154$1,271$289
40 years$8,750$5,512$3,355$1,987$1,153$251
41 years$8,441$5,247$3,146$1,833$1,046$217
42 years$8,148$4,997$2,951$1,692$949$188
43 years$7,869$4,761$2,769$1,562$861$163
44 years$7,604$4,538$2,599$1,442$782$141
45 years$7,351$4,328$2,441$1,332$710$122
46 years$7,110$4,129$2,292$1,230$645$106
47 years$6,880$3,940$2,153$1,137$585$92
48 years$6,660$3,761$2,024$1,050$532$79
49 years$6,450$3,592$1,902$971$483$69
50 years$6,249$3,431$1,788$897$438$60

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 $5,761 every year, while hoping to spend $55,463 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: 51/24/25 Blend
69$6,400,000$6,400,000$6,400,000$6,400,000
70$7,058,742$6,719,542$6,620,342$7,368,969
71$7,719,722$6,989,788$6,783,112$7,855,232
72$8,446,263$7,271,416$6,949,475$8,377,583
73$9,244,993$7,564,927$7,119,494$8,944,447
74$10,123,216$7,870,842$7,293,230$9,560,075
75$11,088,977$8,189,707$7,470,747$10,229,142
76$12,151,142$8,522,092$7,652,106$10,956,792
77$13,319,477$8,868,593$7,837,370$11,748,679
78$14,604,743$9,229,833$8,026,601$12,611,024
79$16,018,796$9,606,465$8,219,862$13,550,671
80$17,574,701$9,999,169$8,417,215$14,575,151
81$19,286,850$10,408,658$8,618,722$15,692,748
82$21,171,104$10,835,677$8,824,444$16,912,579
83$23,244,937$11,281,006$9,034,444$18,244,678
84$25,527,605$11,745,459$9,248,781$19,700,087
85$28,040,322$12,229,888$9,467,517$21,290,961
86$30,806,467$12,735,184$9,690,710$23,030,678
87$33,851,798$13,262,280$9,918,421$24,933,965
88$37,204,700$13,812,151$10,150,707$27,017,036
89$40,896,449$14,385,815$10,387,625$29,297,739
90$44,961,507$14,984,341$10,629,231$31,795,727
91$49,437,851$15,608,844$10,875,580$34,532,639
92$54,367,325$16,260,490$11,126,725$37,532,299
93$59,796,040$16,940,502$11,382,718$40,820,945
94$65,774,806$17,650,157$11,643,609$44,427,467
95$72,359,613$18,390,791$11,909,447$48,383,682
96$79,612,157$19,163,803$12,180,277$52,724,628
97$87,600,424$19,970,657$12,456,143$57,488,896
98$96,399,331$20,812,883$12,737,088$62,718,986
99$106,091,432$21,692,083$13,023,150$68,461,709
100$116,767,698$22,609,935$13,314,365$74,768,624