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

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$495,474$491,061$486,755$482,552$478,448$471,688
2 years$245,284$240,716$236,289$231,996$227,833$221,035
3 years$161,899$157,311$152,895$148,642$144,546$137,922
4 years$120,214$115,640$111,268$107,088$103,092$96,692
5 years$95,210$90,663$86,349$82,254$78,369$72,213
6 years$78,545$74,033$69,782$65,779$62,010$56,105
7 years$66,647$62,173$57,990$54,081$50,431$44,779
8 years$57,728$53,294$49,180$45,367$41,837$36,437
9 years$50,794$46,402$42,359$38,643$35,233$30,082
10 years$45,250$40,901$36,929$33,310$30,020$25,115
11 years$40,717$36,412$32,512$28,990$25,819$21,154
12 years$36,942$32,681$28,853$25,428$22,374$17,945
13 years$33,751$29,534$25,779$22,449$19,510$15,311
14 years$31,018$26,846$23,162$19,928$17,103$13,126
15 years$28,651$24,524$20,912$17,772$15,059$11,297
16 years$26,582$22,500$18,960$15,913$13,309$9,756
17 years$24,759$20,722$17,253$14,298$11,801$8,449
18 years$23,140$19,148$15,750$12,885$10,492$7,335
19 years$21,693$17,746$14,418$11,643$9,352$6,381
20 years$20,392$16,491$13,232$10,545$8,354$5,561
21 years$19,217$15,360$12,171$9,570$7,475$4,853
22 years$18,150$14,338$11,218$8,701$6,701$4,241
23 years$17,177$13,410$10,357$7,925$6,015$3,711
24 years$16,287$12,565$9,579$7,228$5,406$3,250
25 years$15,469$11,791$8,872$6,601$4,865$2,848
26 years$14,715$11,082$8,228$6,035$4,382$2,498
27 years$14,018$10,429$7,641$5,524$3,951$2,193
28 years$13,373$9,828$7,103$5,061$3,565$1,926
29 years$12,773$9,271$6,610$4,641$3,219$1,692
30 years$12,213$8,756$6,157$4,260$2,909$1,488
31 years$11,691$8,277$5,740$3,912$2,630$1,308
32 years$11,203$7,832$5,355$3,595$2,379$1,151
33 years$10,745$7,417$5,000$3,306$2,153$1,013
34 years$10,315$7,029$4,672$3,042$1,949$891
35 years$9,911$6,667$4,368$2,800$1,765$785
36 years$9,529$6,328$4,086$2,579$1,599$691
37 years$9,170$6,010$3,825$2,376$1,450$608
38 years$8,830$5,712$3,582$2,190$1,314$536
39 years$8,508$5,432$3,356$2,020$1,192$472
40 years$8,203$5,168$3,145$1,863$1,081$416
41 years$7,914$4,919$2,949$1,719$981$367
42 years$7,639$4,685$2,766$1,586$890$323
43 years$7,378$4,464$2,596$1,464$808$285
44 years$7,129$4,255$2,437$1,352$733$251
45 years$6,892$4,057$2,288$1,248$666$221
46 years$6,666$3,871$2,149$1,153$604$195
47 years$6,450$3,694$2,019$1,065$549$172
48 years$6,244$3,526$1,897$985$498$151
49 years$6,047$3,367$1,783$910$453$134
50 years$5,858$3,217$1,677$841$411$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $6,000,000, adding $4,432 every year, while hoping to spend $46,679 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: 70/23/7 Blend
69$6,000,000$6,000,000$6,000,000$6,000,000
70$6,616,572$6,298,572$6,205,572$7,072,233
71$7,241,796$6,557,536$6,363,792$7,633,069
72$7,929,228$6,827,624$6,525,749$8,240,368
73$8,685,165$7,109,333$6,691,517$8,903,596
74$9,516,543$7,403,182$6,861,174$9,628,233
75$10,431,005$7,709,712$7,034,797$10,420,312
76$11,436,970$8,029,491$7,212,466$11,286,470
77$12,543,717$8,363,112$7,394,259$12,234,015
78$13,761,468$8,711,196$7,580,259$13,270,986
79$15,101,485$9,074,392$7,770,545$14,406,236
80$16,576,179$9,453,380$7,965,201$15,649,506
81$18,199,224$9,848,870$8,164,310$17,011,523
82$19,985,686$10,261,606$8,367,955$18,504,095
83$21,952,167$10,692,365$8,576,222$20,140,221
84$24,116,959$11,141,962$8,789,196$21,934,216
85$26,500,218$11,611,247$9,006,964$23,901,840
86$29,124,154$12,101,112$9,229,611$26,060,447
87$32,013,241$12,612,490$9,457,226$28,429,148
88$35,194,445$13,146,355$9,689,897$31,028,985
89$38,697,481$13,703,729$9,927,711$33,883,135
90$42,555,092$14,285,681$10,170,758$37,017,119
91$46,803,360$14,893,327$10,419,126$40,459,048
92$51,482,042$15,527,840$10,672,906$44,239,879
93$56,634,949$16,190,442$10,932,187$48,393,710
94$62,310,357$16,882,417$11,197,059$52,958,098
95$68,561,464$17,605,106$11,467,611$57,974,410
96$75,446,891$18,359,914$11,743,933$63,488,211
97$83,031,234$19,148,310$12,026,115$69,549,693
98$91,385,676$19,971,833$12,314,246$76,214,144
99$100,588,656$20,832,095$12,608,415$83,542,467
100$110,726,613$21,730,781$12,908,711$91,601,755