Can I retire at age 70 with 6,900,000?

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$569,796$564,720$559,768$554,935$550,216$529,012
2 years$282,077$276,824$271,732$266,796$262,007$240,898
3 years$186,183$180,907$175,829$170,939$166,228$145,877
4 years$138,246$132,986$127,958$123,152$118,555$99,118
5 years$109,491$104,263$99,301$94,592$90,124$71,650
6 years$90,327$85,138$80,250$75,646$71,312$53,814
7 years$76,644$71,499$66,688$62,193$57,996$41,468
8 years$66,387$61,288$56,557$52,172$48,113$32,539
9 years$58,413$53,362$48,712$44,439$40,518$25,876
10 years$52,037$47,036$42,468$38,307$34,524$20,785
11 years$46,825$41,873$37,389$33,338$29,691$16,826
12 years$42,484$37,583$33,181$29,242$25,730$13,704
13 years$38,814$33,964$29,645$25,817$22,437$11,216
14 years$35,670$30,873$26,637$22,917$19,668$9,214
15 years$32,949$28,203$24,049$20,438$17,317$7,594
16 years$30,570$25,875$21,804$18,300$15,305$6,274
17 years$28,473$23,830$19,841$16,442$13,571$5,194
18 years$26,611$22,020$18,112$14,818$12,066$4,308
19 years$24,947$20,408$16,581$13,389$10,755$3,577
20 years$23,451$18,964$15,217$12,127$9,607$2,974
21 years$22,099$17,665$13,997$11,006$8,597$2,475
22 years$20,872$16,489$12,900$10,007$7,706$2,062
23 years$19,754$15,422$11,911$9,113$6,917$1,718
24 years$18,730$14,449$11,016$8,312$6,217$1,433
25 years$17,789$13,560$10,203$7,591$5,595$1,195
26 years$16,922$12,744$9,463$6,941$5,039$997
27 years$16,121$11,994$8,787$6,353$4,543$833
28 years$15,379$11,302$8,168$5,821$4,100$695
29 years$14,688$10,662$7,601$5,338$3,702$581
30 years$14,045$10,069$7,080$4,899$3,345$485
31 years$13,445$9,519$6,601$4,499$3,024$405
32 years$12,883$9,006$6,159$4,135$2,736$339
33 years$12,357$8,529$5,750$3,802$2,476$283
34 years$11,862$8,084$5,373$3,498$2,241$237
35 years$11,397$7,667$5,023$3,220$2,030$198
36 years$10,959$7,277$4,699$2,966$1,839$165
37 years$10,545$6,912$4,398$2,733$1,667$138
38 years$10,154$6,569$4,119$2,519$1,511$115
39 years$9,784$6,246$3,859$2,322$1,371$97
40 years$9,433$5,943$3,617$2,142$1,243$81
41 years$9,101$5,657$3,392$1,976$1,128$67
42 years$8,785$5,388$3,181$1,824$1,023$56
43 years$8,484$5,133$2,985$1,684$929$47
44 years$8,198$4,893$2,802$1,555$843$39
45 years$7,926$4,666$2,631$1,436$765$33
46 years$7,666$4,451$2,471$1,326$695$28
47 years$7,418$4,248$2,322$1,225$631$23
48 years$7,180$4,055$2,182$1,132$573$19
49 years$6,954$3,872$2,051$1,046$520$16
50 years$6,737$3,699$1,928$967$473$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $6,900,000, adding $3,079 every year, while hoping to spend $59,940 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: 29/49/22 Blend
69$6,900,000$6,900,000$6,900,000$6,900,000
70$7,606,976$7,241,276$7,134,326$7,775,064
71$8,319,112$7,532,323$7,309,550$8,196,171
72$9,101,877$7,835,622$7,488,636$8,643,067
73$9,962,411$8,151,711$7,671,648$9,122,287
74$10,908,583$8,481,150$7,858,654$9,636,650
75$11,949,059$8,824,527$8,049,720$10,189,242
76$13,093,390$9,182,456$8,244,912$10,783,445
77$14,352,096$9,555,577$8,444,297$11,422,968
78$15,736,771$9,944,561$8,647,942$12,111,874
79$17,260,186$10,350,109$8,855,913$12,854,621
80$18,936,415$10,772,955$9,068,276$13,656,099
81$20,780,964$11,213,864$9,285,097$14,521,673
82$22,810,917$11,673,638$9,506,443$15,457,228
83$25,045,100$12,153,116$9,732,378$16,469,228
84$27,504,255$12,653,173$9,962,968$17,564,765
85$30,211,237$13,174,726$10,198,275$18,751,632
86$33,191,230$13,718,735$10,438,364$20,038,382
87$36,471,983$14,286,201$10,683,297$21,434,413
88$40,084,074$14,878,173$10,933,136$22,950,052
89$44,061,194$15,495,748$11,187,940$24,596,642
90$48,440,469$16,140,073$11,447,770$26,386,652
91$53,262,809$16,812,349$11,712,682$28,333,786
92$58,573,293$17,513,830$11,982,734$30,453,108
93$64,421,592$18,245,832$12,257,979$32,761,181
94$70,862,443$19,009,726$12,538,470$35,276,215
95$77,956,162$19,806,952$12,824,258$38,018,237
96$85,769,211$20,639,013$13,115,391$41,009,272
97$94,374,828$21,507,483$13,411,915$44,273,544
98$103,853,720$22,414,009$13,713,873$47,837,701
99$114,294,816$23,360,312$14,021,305$51,731,061
100$125,796,118$24,348,198$14,334,249$55,985,875