Can I retire at age 70 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$553,280$548,351$543,543$538,850$534,267$527,154
2 years$273,901$268,800$263,856$259,063$254,413$247,258
3 years$180,787$175,664$170,732$165,984$161,410$154,436
4 years$134,239$129,131$124,249$119,582$115,119$108,379
5 years$106,317$101,241$96,423$91,850$87,512$81,025
6 years$87,709$82,671$77,924$73,454$69,245$63,020
7 years$74,423$69,427$64,755$60,390$56,315$50,354
8 years$64,463$59,511$54,917$50,660$46,718$41,021
9 years$56,720$51,815$47,300$43,151$39,344$33,907
10 years$50,529$45,673$41,238$37,197$33,523$28,342
11 years$45,467$40,660$36,305$32,372$28,831$23,902
12 years$41,252$36,494$32,220$28,395$24,984$20,302
13 years$37,689$32,980$28,786$25,068$21,787$17,344
14 years$34,636$29,978$25,864$22,253$19,098$14,889
15 years$31,994$27,385$23,352$19,846$16,815$12,833
16 years$29,684$25,125$21,172$17,770$14,862$11,098
17 years$27,647$23,140$19,266$15,966$13,177$9,625
18 years$25,839$21,382$17,587$14,388$11,717$8,367
19 years$24,224$19,817$16,100$13,001$10,443$7,289
20 years$22,771$18,415$14,776$11,775$9,328$6,362
21 years$21,459$17,152$13,591$10,687$8,348$5,561
22 years$20,267$16,011$12,526$9,717$7,482$4,867
23 years$19,181$14,975$11,566$8,849$6,717$4,265
24 years$18,187$14,031$10,696$8,071$6,037$3,741
25 years$17,274$13,167$9,907$7,371$5,432$3,284
26 years$16,432$12,375$9,188$6,739$4,893$2,885
27 years$15,654$11,646$8,532$6,169$4,412$2,536
28 years$14,933$10,974$7,932$5,652$3,981$2,231
29 years$14,263$10,353$7,381$5,183$3,595$1,964
30 years$13,638$9,777$6,875$4,757$3,248$1,729
31 years$13,055$9,243$6,410$4,369$2,936$1,523
32 years$12,510$8,745$5,980$4,015$2,656$1,342
33 years$11,999$8,282$5,584$3,692$2,404$1,183
34 years$11,519$7,850$5,217$3,397$2,176$1,043
35 years$11,067$7,445$4,878$3,127$1,971$920
36 years$10,641$7,067$4,563$2,880$1,786$811
37 years$10,239$6,712$4,271$2,654$1,619$716
38 years$9,860$6,378$3,999$2,446$1,468$631
39 years$9,500$6,065$3,747$2,255$1,331$557
40 years$9,160$5,771$3,512$2,080$1,207$492
41 years$8,837$5,493$3,293$1,919$1,095$434
42 years$8,530$5,231$3,089$1,771$994$383
43 years$8,238$4,984$2,899$1,635$902$338
44 years$7,961$4,751$2,721$1,510$819$299
45 years$7,696$4,531$2,555$1,394$743$264
46 years$7,444$4,322$2,400$1,288$675$233
47 years$7,203$4,125$2,254$1,190$613$206
48 years$6,972$3,938$2,119$1,099$556$182
49 years$6,752$3,760$1,991$1,016$505$160
50 years$6,542$3,592$1,872$939$459$142

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $6,700,000, adding $2,422 every year, while hoping to spend $48,352 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: 39/38/23 Blend
69$6,700,000$6,700,000$6,700,000$6,700,000
70$7,385,898$7,030,798$6,926,948$7,623,333
71$8,087,814$7,323,861$7,107,555$8,088,320
72$8,859,704$7,629,664$7,292,591$8,586,054
73$9,708,656$7,948,779$7,482,155$9,123,292
74$10,642,476$8,281,807$7,676,344$9,703,655
75$11,669,767$8,629,374$7,875,261$10,331,113
76$12,800,008$8,992,138$8,079,006$11,010,025
77$14,043,640$9,370,784$8,287,685$11,745,178
78$15,412,172$9,766,032$8,501,402$12,541,830
79$16,918,280$10,178,634$8,720,266$13,405,755
80$18,575,934$10,609,377$8,944,384$14,343,295
81$20,400,526$11,059,084$9,173,868$15,361,422
82$22,409,017$11,528,616$9,408,830$16,467,794
83$24,620,095$12,018,876$9,649,384$17,670,830
84$27,054,351$12,530,808$9,895,645$18,979,784
85$29,734,476$13,065,399$10,147,730$20,404,829
86$32,685,473$13,623,683$10,405,759$21,957,151
87$35,934,890$14,206,743$10,669,851$23,649,052
88$39,513,086$14,815,711$10,940,129$25,494,058
89$43,453,513$15,451,772$11,216,715$27,507,049
90$47,793,031$16,116,169$11,499,734$29,704,391
91$52,572,259$16,810,200$11,789,314$32,104,090
92$57,835,954$17,535,225$12,085,581$34,725,953
93$63,633,438$18,292,667$12,388,665$37,591,778
94$70,019,059$19,084,019$12,698,696$40,725,547
95$77,052,707$19,910,839$13,015,806$44,153,652
96$84,800,375$20,774,762$13,340,127$47,905,140
97$93,334,787$21,677,499$13,671,795$52,011,980
98$102,736,079$22,620,840$14,010,944$56,509,360
99$113,092,559$23,606,661$14,357,710$61,436,011
100$124,501,537$24,636,925$14,712,231$66,834,573