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

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$545,022$540,167$535,431$530,807$526,293$510,674
2 years$269,813$264,788$259,918$255,196$250,616$235,009
3 years$178,088$173,042$168,184$163,506$159,001$143,895
4 years$132,235$127,204$122,395$117,797$113,401$98,912
5 years$104,731$99,729$94,983$90,480$86,206$72,374
6 years$86,400$81,437$76,761$72,357$68,211$55,049
7 years$73,312$68,390$63,789$59,489$55,474$42,980
8 years$63,500$58,623$54,098$49,904$46,021$34,188
9 years$55,873$51,042$46,594$42,507$38,757$27,572
10 years$49,775$44,991$40,622$36,641$33,022$22,471
11 years$44,789$40,053$35,763$31,889$28,400$18,465
12 years$40,637$35,949$31,739$27,971$24,611$15,271
13 years$37,126$32,488$28,356$24,694$21,461$12,695
14 years$34,119$29,530$25,478$21,921$18,813$10,598
15 years$31,516$26,977$23,004$19,549$16,564$8,878
16 years$29,240$24,750$20,856$17,504$14,640$7,458
17 years$27,235$22,794$18,978$15,728$12,981$6,280
18 years$25,454$21,063$17,325$14,174$11,542$5,298
19 years$23,862$19,521$15,860$12,807$10,287$4,477
20 years$22,431$18,140$14,555$11,599$9,189$3,788
21 years$21,139$16,896$13,388$10,527$8,223$3,209
22 years$19,965$15,772$12,339$9,572$7,371$2,722
23 years$18,895$14,751$11,393$8,717$6,616$2,310
24 years$17,915$13,821$10,537$7,950$5,947$1,961
25 years$17,016$12,970$9,759$7,261$5,351$1,667
26 years$16,187$12,190$9,051$6,639$4,820$1,417
27 years$15,420$11,472$8,405$6,077$4,346$1,205
28 years$14,710$10,810$7,813$5,568$3,921$1,025
29 years$14,050$10,198$7,271$5,106$3,541$873
30 years$13,435$9,631$6,773$4,686$3,199$743
31 years$12,861$9,105$6,314$4,303$2,893$632
32 years$12,323$8,615$5,891$3,955$2,617$539
33 years$11,820$8,158$5,500$3,637$2,368$459
34 years$11,347$7,732$5,139$3,346$2,144$391
35 years$10,902$7,334$4,805$3,080$1,942$333
36 years$10,482$6,961$4,495$2,837$1,759$284
37 years$10,087$6,611$4,207$2,614$1,595$242
38 years$9,713$6,283$3,940$2,409$1,446$206
39 years$9,359$5,975$3,691$2,221$1,311$176
40 years$9,023$5,684$3,460$2,049$1,189$150
41 years$8,705$5,411$3,244$1,890$1,079$128
42 years$8,403$5,153$3,043$1,745$979$109
43 years$8,115$4,910$2,856$1,611$888$93
44 years$7,842$4,680$2,680$1,487$806$79
45 years$7,581$4,463$2,517$1,373$732$67
46 years$7,332$4,258$2,364$1,269$665$57
47 years$7,095$4,063$2,221$1,172$604$49
48 years$6,868$3,879$2,087$1,083$548$42
49 years$6,651$3,704$1,962$1,001$498$36
50 years$6,444$3,538$1,844$925$452$30

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 $5,526 every year, while hoping to spend $42,542 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: 49/38/13 Blend
69$6,600,000$6,600,000$6,600,000$6,600,000
70$7,278,900$6,929,100$6,826,800$7,609,337
71$7,976,084$7,223,362$7,010,234$8,131,464
72$8,742,954$7,530,616$7,198,386$8,693,420
73$9,586,574$7,851,455$7,391,371$9,302,887
74$10,514,727$8,186,499$7,589,304$9,964,330
75$11,535,986$8,536,394$7,792,303$10,682,653
76$12,659,800$8,901,821$8,000,488$11,463,244
77$13,896,577$9,283,488$8,213,982$12,312,025
78$15,257,789$9,682,139$8,432,911$13,235,502
79$16,756,072$10,098,553$8,657,403$14,240,827
80$18,405,353$10,533,544$8,887,588$15,335,861
81$20,220,976$10,987,964$9,123,599$16,529,249
82$22,219,848$11,462,707$9,365,572$17,830,494
83$24,420,599$11,958,707$9,613,645$19,250,047
84$26,843,759$12,476,942$9,867,961$20,799,403
85$29,511,947$13,018,436$10,128,662$22,491,204
86$32,450,088$13,584,263$10,395,895$24,339,356
87$35,685,650$14,175,545$10,669,810$26,359,159
88$39,248,898$14,793,457$10,950,560$28,567,445
89$43,173,180$15,439,232$11,238,299$30,982,733
90$47,495,248$16,114,158$11,533,186$33,625,404
91$52,255,597$16,819,585$11,835,380$36,517,883
92$57,498,850$17,556,926$12,145,048$39,684,852
93$63,274,179$18,327,663$12,462,354$43,153,477
94$69,635,772$19,133,344$12,787,469$46,953,657
95$76,643,337$19,975,595$13,120,566$51,118,306
96$84,362,672$20,856,114$13,461,820$55,683,653
97$92,866,284$21,776,682$13,811,410$60,689,585
98$102,234,071$22,739,165$14,169,517$66,180,014
99$112,554,077$23,745,516$14,536,328$72,203,286
100$123,923,327$24,797,780$14,912,028$78,812,632