Can I retire at age 70 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$545,022$540,167$535,431$530,807$526,293$516,724
2 years$269,813$264,788$259,918$255,196$250,616$241,009
3 years$178,088$173,042$168,184$163,506$159,001$149,656
4 years$132,235$127,204$122,395$117,797$113,401$104,390
5 years$104,731$99,729$94,983$90,480$86,206$77,555
6 years$86,400$81,437$76,761$72,357$68,211$59,930
7 years$73,312$68,390$63,789$59,489$55,474$47,564
8 years$63,500$58,623$54,098$49,904$46,021$38,481
9 years$55,873$51,042$46,594$42,507$38,757$31,581
10 years$49,775$44,991$40,622$36,641$33,022$26,206
11 years$44,789$40,053$35,763$31,889$28,400$21,935
12 years$40,637$35,949$31,739$27,971$24,611$18,488
13 years$37,126$32,488$28,356$24,694$21,461$15,671
14 years$34,119$29,530$25,478$21,921$18,813$13,344
15 years$31,516$26,977$23,004$19,549$16,564$11,407
16 years$29,240$24,750$20,856$17,504$14,640$9,782
17 years$27,235$22,794$18,978$15,728$12,981$8,412
18 years$25,454$21,063$17,325$14,174$11,542$7,250
19 years$23,862$19,521$15,860$12,807$10,287$6,261
20 years$22,431$18,140$14,555$11,599$9,189$5,415
21 years$21,139$16,896$13,388$10,527$8,223$4,691
22 years$19,965$15,772$12,339$9,572$7,371$4,068
23 years$18,895$14,751$11,393$8,717$6,616$3,532
24 years$17,915$13,821$10,537$7,950$5,947$3,069
25 years$17,016$12,970$9,759$7,261$5,351$2,669
26 years$16,187$12,190$9,051$6,639$4,820$2,322
27 years$15,420$11,472$8,405$6,077$4,346$2,022
28 years$14,710$10,810$7,813$5,568$3,921$1,761
29 years$14,050$10,198$7,271$5,106$3,541$1,535
30 years$13,435$9,631$6,773$4,686$3,199$1,338
31 years$12,861$9,105$6,314$4,303$2,893$1,167
32 years$12,323$8,615$5,891$3,955$2,617$1,018
33 years$11,820$8,158$5,500$3,637$2,368$889
34 years$11,347$7,732$5,139$3,346$2,144$776
35 years$10,902$7,334$4,805$3,080$1,942$677
36 years$10,482$6,961$4,495$2,837$1,759$591
37 years$10,087$6,611$4,207$2,614$1,595$516
38 years$9,713$6,283$3,940$2,409$1,446$451
39 years$9,359$5,975$3,691$2,221$1,311$394
40 years$9,023$5,684$3,460$2,049$1,189$344
41 years$8,705$5,411$3,244$1,890$1,079$301
42 years$8,403$5,153$3,043$1,745$979$263
43 years$8,115$4,910$2,856$1,611$888$229
44 years$7,842$4,680$2,680$1,487$806$200
45 years$7,581$4,463$2,517$1,373$732$175
46 years$7,332$4,258$2,364$1,269$665$153
47 years$7,095$4,063$2,221$1,172$604$134
48 years$6,868$3,879$2,087$1,083$548$117
49 years$6,651$3,704$1,962$1,001$498$102
50 years$6,444$3,538$1,844$925$452$89

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $6,600,000, adding $6,352 every year, while hoping to spend $32,086 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: 27/45/28 Blend
69$6,600,000$6,600,000$6,600,000$6,600,000
70$7,279,752$6,929,952$6,827,652$7,412,701
71$7,988,148$7,235,380$7,022,239$7,826,364
72$8,767,724$7,554,699$7,222,270$8,267,001
73$9,625,708$7,888,556$7,427,892$8,739,451
74$10,570,062$8,237,627$7,639,258$9,246,446
75$11,609,560$8,602,622$7,856,525$9,790,977
76$12,753,869$8,984,285$8,079,853$10,376,317
77$14,013,642$9,383,394$8,309,406$11,006,051
78$15,400,617$9,800,763$8,545,354$11,684,106
79$16,927,727$10,237,247$8,787,871$12,414,783
80$18,609,224$10,693,741$9,037,133$13,202,796
81$20,460,812$11,171,182$9,293,324$14,053,314
82$22,499,795$11,670,550$9,556,631$14,972,002
83$24,745,243$12,192,875$9,827,247$15,965,076
84$27,218,165$12,739,234$10,105,367$17,039,352
85$29,941,717$13,310,755$10,391,195$18,202,312
86$32,941,410$13,908,620$10,684,939$19,462,165
87$36,245,360$14,534,069$10,986,810$20,827,921
88$39,884,546$15,188,398$11,297,028$22,309,476
89$43,893,108$15,872,967$11,615,816$23,917,692
90$48,308,663$16,589,201$11,943,404$25,664,503
91$53,172,666$17,338,591$12,280,028$27,563,015
92$58,530,798$18,122,702$12,625,929$29,627,628
93$64,433,397$18,943,172$12,981,355$31,874,165
94$70,935,934$19,801,718$13,346,561$34,320,015
95$78,099,534$20,700,137$13,721,806$36,984,289
96$85,991,558$21,640,315$14,107,358$39,887,998
97$94,686,234$22,624,227$14,503,491$43,054,238
98$104,265,358$23,653,942$14,910,486$46,508,405
99$114,819,068$24,731,629$15,328,630$50,278,427
100$126,446,693$25,859,559$15,758,220$54,395,017