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%15.3%
1 years$545,022$540,167$535,431$530,807$526,293$514,826
2 years$269,813$264,788$259,918$255,196$250,616$239,120
3 years$178,088$173,042$168,184$163,506$159,001$147,836
4 years$132,235$127,204$122,395$117,797$113,401$102,653
5 years$104,731$99,729$94,983$90,480$86,206$75,904
6 years$86,400$81,437$76,761$72,357$68,211$58,368
7 years$73,312$68,390$63,789$59,489$55,474$46,091
8 years$63,500$58,623$54,098$49,904$46,021$37,095
9 years$55,873$51,042$46,594$42,507$38,757$30,280
10 years$49,775$44,991$40,622$36,641$33,022$24,987
11 years$44,789$40,053$35,763$31,889$28,400$20,796
12 years$40,637$35,949$31,739$27,971$24,611$17,426
13 years$37,126$32,488$28,356$24,694$21,461$14,683
14 years$34,119$29,530$25,478$21,921$18,813$12,427
15 years$31,516$26,977$23,004$19,549$16,564$10,557
16 years$29,240$24,750$20,856$17,504$14,640$8,996
17 years$27,235$22,794$18,978$15,728$12,981$7,686
18 years$25,454$21,063$17,325$14,174$11,542$6,581
19 years$23,862$19,521$15,860$12,807$10,287$5,645
20 years$22,431$18,140$14,555$11,599$9,189$4,850
21 years$21,139$16,896$13,388$10,527$8,223$4,172
22 years$19,965$15,772$12,339$9,572$7,371$3,593
23 years$18,895$14,751$11,393$8,717$6,616$3,098
24 years$17,915$13,821$10,537$7,950$5,947$2,673
25 years$17,016$12,970$9,759$7,261$5,351$2,308
26 years$16,187$12,190$9,051$6,639$4,820$1,994
27 years$15,420$11,472$8,405$6,077$4,346$1,723
28 years$14,710$10,810$7,813$5,568$3,921$1,490
29 years$14,050$10,198$7,271$5,106$3,541$1,289
30 years$13,435$9,631$6,773$4,686$3,199$1,116
31 years$12,861$9,105$6,314$4,303$2,893$966
32 years$12,323$8,615$5,891$3,955$2,617$836
33 years$11,820$8,158$5,500$3,637$2,368$724
34 years$11,347$7,732$5,139$3,346$2,144$627
35 years$10,902$7,334$4,805$3,080$1,942$544
36 years$10,482$6,961$4,495$2,837$1,759$471
37 years$10,087$6,611$4,207$2,614$1,595$408
38 years$9,713$6,283$3,940$2,409$1,446$354
39 years$9,359$5,975$3,691$2,221$1,311$307
40 years$9,023$5,684$3,460$2,049$1,189$266
41 years$8,705$5,411$3,244$1,890$1,079$230
42 years$8,403$5,153$3,043$1,745$979$200
43 years$8,115$4,910$2,856$1,611$888$173
44 years$7,842$4,680$2,680$1,487$806$150
45 years$7,581$4,463$2,517$1,373$732$130
46 years$7,332$4,258$2,364$1,269$665$113
47 years$7,095$4,063$2,221$1,172$604$98
48 years$6,868$3,879$2,087$1,083$548$85
49 years$6,651$3,704$1,962$1,001$498$74
50 years$6,444$3,538$1,844$925$452$64

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 $6,158 every year, while hoping to spend $52,188 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: 75/9/16 Blend
69$6,600,000$6,600,000$6,600,000$6,600,000
70$7,279,552$6,929,752$6,827,452$7,799,227
71$7,966,539$7,213,782$7,000,644$8,427,814
72$8,721,849$7,509,981$7,177,889$9,109,502
73$9,552,396$7,818,889$7,359,267$9,855,262
74$10,465,799$8,141,072$7,544,861$10,671,457
75$11,470,449$8,477,123$7,734,752$11,565,093
76$12,575,593$8,827,660$7,929,024$12,543,884
77$13,791,419$9,193,331$8,127,762$13,616,327
78$15,129,152$9,574,814$8,331,051$14,791,777
79$16,601,161$9,972,815$8,538,977$16,080,538
80$18,221,074$10,388,077$8,751,626$17,493,957
81$20,003,905$10,821,374$8,969,087$19,044,534
82$21,966,200$11,273,518$9,191,448$20,746,033
83$24,126,188$11,745,357$9,418,798$22,613,616
84$26,503,958$12,237,777$9,651,226$24,663,986
85$29,121,642$12,751,709$9,888,823$26,915,537
86$32,003,630$13,288,124$10,131,679$29,388,535
87$35,176,796$13,848,037$10,379,886$32,105,301
88$38,670,752$14,432,513$10,633,534$35,090,427
89$42,518,127$15,042,665$10,892,717$38,371,001
90$46,754,878$15,679,658$11,157,525$41,976,867
91$51,420,625$16,344,711$11,428,051$45,940,901
92$56,559,026$17,039,098$11,704,388$50,299,321
93$62,218,188$17,764,156$11,986,626$55,092,032
94$68,451,124$18,521,281$12,274,860$60,362,995
95$75,316,251$19,311,935$12,569,179$66,160,645
96$82,877,938$20,137,650$12,869,677$72,538,343
97$91,207,120$21,000,027$13,176,443$79,554,883
98$100,381,960$21,900,742$13,489,568$87,275,042
99$110,488,594$22,841,552$13,809,141$95,770,189
100$121,621,935$23,824,293$14,135,253$105,118,962