Can I retire at age 70 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$520,248$515,614$511,093$506,680$502,371$495,888
2 years$257,549$252,752$248,103$243,596$239,224$232,702
3 years$169,994$165,176$160,539$156,074$151,774$145,415
4 years$126,225$121,422$116,831$112,443$108,246$102,100
5 years$99,970$95,196$90,666$86,367$82,287$76,371
6 years$82,473$77,735$73,272$69,068$65,111$59,432
7 years$69,980$65,282$60,889$56,785$52,953$47,513
8 years$60,614$55,958$51,639$47,635$43,929$38,729
9 years$53,333$48,722$44,476$40,575$36,995$32,031
10 years$47,512$42,946$38,776$34,976$31,521$26,791
11 years$42,753$38,232$34,137$30,439$27,110$22,608
12 years$38,789$34,315$30,296$26,700$23,493$19,215
13 years$35,438$31,011$27,068$23,572$20,486$16,427
14 years$32,569$28,188$24,320$20,924$17,958$14,111
15 years$30,084$25,750$21,958$18,661$15,812$12,170
16 years$27,911$23,625$19,908$16,709$13,974$10,532
17 years$25,997$21,758$18,116$15,013$12,391$9,140
18 years$24,297$20,106$16,537$13,529$11,017$7,952
19 years$22,777$18,634$15,139$12,225$9,820$6,933
20 years$21,412$17,315$13,894$11,072$8,771$6,055
21 years$20,178$16,128$12,780$10,049$7,849$5,296
22 years$19,057$15,055$11,778$9,136$7,036$4,639
23 years$18,036$14,081$10,875$8,321$6,316$4,068
24 years$17,101$13,193$10,058$7,589$5,677$3,571
25 years$16,242$12,381$9,316$6,931$5,108$3,137
26 years$15,451$11,636$8,640$6,337$4,601$2,759
27 years$14,719$10,951$8,023$5,801$4,148$2,427
28 years$14,041$10,319$7,458$5,315$3,743$2,137
29 years$13,411$9,735$6,940$4,874$3,380$1,882
30 years$12,824$9,193$6,465$4,473$3,054$1,659
31 years$12,276$8,691$6,027$4,108$2,761$1,462
32 years$11,763$8,223$5,623$3,775$2,498$1,289
33 years$11,282$7,788$5,250$3,472$2,260$1,137
34 years$10,831$7,381$4,906$3,194$2,047$1,004
35 years$10,406$7,001$4,586$2,940$1,854$886
36 years$10,006$6,645$4,291$2,708$1,679$782
37 years$9,628$6,311$4,016$2,495$1,522$690
38 years$9,271$5,998$3,761$2,300$1,380$610
39 years$8,933$5,703$3,523$2,121$1,251$539
40 years$8,613$5,426$3,302$1,956$1,135$476
41 years$8,309$5,165$3,097$1,805$1,030$420
42 years$8,021$4,919$2,905$1,665$934$371
43 years$7,746$4,687$2,726$1,537$848$328
44 years$7,485$4,468$2,559$1,419$770$290
45 years$7,236$4,260$2,402$1,311$699$256
46 years$6,999$4,064$2,256$1,211$634$226
47 years$6,773$3,878$2,120$1,119$576$200
48 years$6,556$3,702$1,992$1,034$523$177
49 years$6,349$3,536$1,872$955$475$156
50 years$6,151$3,377$1,760$883$432$138

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $6,300,000, adding $4,298 every year, while hoping to spend $32,151 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: 42/32/26 Blend
69$6,300,000$6,300,000$6,300,000$6,300,000
70$6,947,033$6,613,133$6,515,483$7,185,739
71$7,621,422$6,902,969$6,699,544$7,647,222
72$8,363,521$7,205,928$6,888,692$8,143,291
73$9,180,203$7,522,621$7,083,066$8,679,896
74$10,079,040$7,853,685$7,282,805$9,260,795
75$11,068,375$8,199,789$7,488,052$9,890,110
76$12,157,403$8,561,632$7,698,955$10,572,373
77$13,356,253$8,939,948$7,915,665$11,312,559
78$14,676,088$9,335,502$8,138,337$12,116,132
79$16,129,208$9,749,100$8,367,130$12,989,099
80$17,729,164$10,181,583$8,602,206$13,938,060
81$19,490,892$10,633,834$8,843,733$14,970,265
82$21,430,846$11,106,775$9,091,882$16,093,690
83$23,567,160$11,601,375$9,346,827$17,317,097
84$25,919,815$12,118,647$9,608,750$18,650,124
85$28,510,828$12,659,652$9,877,835$20,103,367
86$31,364,461$13,225,503$10,154,271$21,688,480
87$34,507,448$13,817,365$10,438,252$23,418,280
88$37,969,250$14,436,459$10,729,975$25,306,866
89$41,782,330$15,084,062$11,029,646$27,369,747
90$45,982,462$15,761,515$11,337,473$29,623,986
91$50,609,064$16,470,220$11,653,670$32,088,357
92$55,705,576$17,211,648$11,978,455$34,783,517
93$61,319,865$17,987,340$12,312,054$37,732,199
94$67,504,681$18,798,908$12,654,697$40,959,421
95$74,318,148$19,648,044$13,006,619$44,492,717
96$81,824,320$20,536,520$13,368,062$48,362,393
97$90,093,782$21,466,191$13,739,273$52,601,808
98$99,204,316$22,439,002$14,120,507$57,247,685
99$109,241,635$23,456,992$14,512,023$62,340,448
100$120,300,193$24,522,295$14,914,086$67,924,603