Can I retire at age 70 with 6,500,000?

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 $6,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$536,764$531,983$527,318$522,765$518,319$500,926
2 years$265,725$260,776$255,980$251,329$246,819$229,467
3 years$175,390$170,420$165,636$161,029$156,592$139,826
4 years$130,232$125,277$120,540$116,012$111,683$95,631
5 years$103,144$98,218$93,544$89,109$84,899$69,605
6 years$85,091$80,203$75,598$71,261$67,178$52,653
7 years$72,201$67,354$62,822$58,588$54,634$40,876
8 years$62,538$57,735$53,278$49,148$45,324$32,324
9 years$55,027$50,269$45,888$41,863$38,169$25,910
10 years$49,021$44,309$40,007$36,086$32,522$20,985
11 years$44,110$39,446$35,221$31,406$27,970$17,132
12 years$40,021$35,405$31,258$27,547$24,238$14,075
13 years$36,563$31,995$27,927$24,320$21,136$11,621
14 years$33,602$29,083$25,092$21,589$18,528$9,635
15 years$31,039$26,568$22,655$19,253$16,313$8,014
16 years$28,797$24,375$20,540$17,239$14,418$6,684
17 years$26,822$22,449$18,691$15,489$12,784$5,587
18 years$25,068$20,744$17,062$13,959$11,367$4,679
19 years$23,500$19,225$15,620$12,613$10,132$3,924
20 years$22,091$17,865$14,335$11,424$9,050$3,295
21 years$20,818$16,640$13,185$10,368$8,098$2,770
22 years$19,662$15,533$12,152$9,427$7,259$2,331
23 years$18,609$14,528$11,221$8,585$6,516$1,962
24 years$17,644$13,612$10,377$7,830$5,857$1,653
25 years$16,758$12,774$9,611$7,151$5,270$1,394
26 years$15,941$12,005$8,914$6,538$4,747$1,175
27 years$15,187$11,299$8,277$5,985$4,280$992
28 years$14,487$10,647$7,695$5,483$3,862$837
29 years$13,837$10,044$7,161$5,028$3,487$706
30 years$13,231$9,485$6,670$4,615$3,151$596
31 years$12,666$8,967$6,218$4,238$2,849$504
32 years$12,137$8,484$5,802$3,895$2,577$425
33 years$11,641$8,035$5,417$3,582$2,332$359
34 years$11,175$7,615$5,061$3,296$2,111$304
35 years$10,736$7,223$4,732$3,034$1,912$256
36 years$10,324$6,856$4,427$2,794$1,733$217
37 years$9,934$6,511$4,143$2,574$1,570$183
38 years$9,565$6,188$3,880$2,373$1,424$155
39 years$9,217$5,884$3,635$2,188$1,291$131
40 years$8,887$5,598$3,407$2,018$1,171$110
41 years$8,573$5,329$3,195$1,862$1,062$93
42 years$8,275$5,075$2,997$1,718$964$79
43 years$7,992$4,836$2,812$1,586$875$67
44 years$7,723$4,609$2,640$1,465$794$56
45 years$7,466$4,395$2,479$1,353$721$48
46 years$7,221$4,193$2,328$1,249$655$40
47 years$6,988$4,002$2,187$1,154$594$34
48 years$6,764$3,820$2,055$1,067$540$29
49 years$6,551$3,648$1,932$986$490$24
50 years$6,346$3,485$1,816$911$445$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $6,500,000, adding $2,493 every year, while hoping to spend $33,946 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: 67/22/11 Blend
69$6,500,000$6,500,000$6,500,000$6,500,000
70$7,165,572$6,821,072$6,720,322$7,628,582
71$7,860,342$7,119,186$6,909,334$8,235,049
72$8,624,840$7,430,770$7,103,541$8,893,589
73$9,466,145$7,756,448$7,303,080$9,612,699
74$10,392,051$8,096,874$7,508,093$10,398,304
75$11,411,152$8,452,732$7,718,725$11,256,920
76$12,532,912$8,824,739$7,935,126$12,195,721
77$13,767,764$9,213,646$8,157,447$13,222,598
78$15,127,200$9,620,239$8,385,846$14,346,237
79$16,623,885$10,045,341$8,620,482$15,576,196
80$18,271,774$10,489,815$8,861,521$16,922,997
81$20,086,244$10,954,565$9,109,130$18,398,221
82$22,084,238$11,440,536$9,363,483$20,014,617
83$24,284,427$11,948,719$9,624,757$21,786,219
84$26,707,384$12,480,152$9,893,132$23,728,476
85$29,375,781$13,035,923$10,168,796$25,858,401
86$32,314,598$13,617,170$10,451,937$28,194,721
87$35,551,362$14,225,087$10,742,753$30,758,060
88$39,116,407$14,860,923$11,041,442$33,571,125
89$43,043,160$15,525,987$11,348,209$36,658,922
90$47,368,453$16,221,651$11,663,265$40,048,986
91$52,132,875$16,949,352$11,986,824$43,771,642
92$57,381,153$17,710,595$12,319,107$47,860,285
93$63,162,573$18,506,956$12,660,339$52,351,697
94$69,531,446$19,340,088$13,010,752$57,286,384
95$76,547,623$20,211,721$13,370,581$62,708,963
96$84,277,055$21,123,670$13,740,070$68,668,575
97$92,792,419$22,077,834$14,119,466$75,219,347
98$102,173,801$23,076,204$14,509,024$82,420,899
99$112,509,456$24,120,865$14,909,004$90,338,902
100$123,896,636$25,214,003$15,319,671$99,045,699