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%19.2%
1 years$545,022$540,167$535,431$530,807$526,293$506,814
2 years$269,813$264,788$259,918$255,196$250,616$231,211
3 years$178,088$173,042$168,184$163,506$159,001$140,280
4 years$132,235$127,204$122,395$117,797$113,401$95,508
5 years$104,731$99,729$94,983$90,480$86,206$69,186
6 years$86,400$81,437$76,761$72,357$68,211$52,078
7 years$73,312$68,390$63,789$59,489$55,474$40,222
8 years$63,500$58,623$54,098$49,904$46,021$31,637
9 years$55,873$51,042$46,594$42,507$38,757$25,220
10 years$49,775$44,991$40,622$36,641$33,022$20,310
11 years$44,789$40,053$35,763$31,889$28,400$16,485
12 years$40,637$35,949$31,739$27,971$24,611$13,462
13 years$37,126$32,488$28,356$24,694$21,461$11,047
14 years$34,119$29,530$25,478$21,921$18,813$9,102
15 years$31,516$26,977$23,004$19,549$16,564$7,522
16 years$29,240$24,750$20,856$17,504$14,640$6,233
17 years$27,235$22,794$18,978$15,728$12,981$5,176
18 years$25,454$21,063$17,325$14,174$11,542$4,305
19 years$23,862$19,521$15,860$12,807$10,287$3,586
20 years$22,431$18,140$14,555$11,599$9,189$2,991
21 years$21,139$16,896$13,388$10,527$8,223$2,497
22 years$19,965$15,772$12,339$9,572$7,371$2,086
23 years$18,895$14,751$11,393$8,717$6,616$1,744
24 years$17,915$13,821$10,537$7,950$5,947$1,459
25 years$17,016$12,970$9,759$7,261$5,351$1,221
26 years$16,187$12,190$9,051$6,639$4,820$1,022
27 years$15,420$11,472$8,405$6,077$4,346$856
28 years$14,710$10,810$7,813$5,568$3,921$717
29 years$14,050$10,198$7,271$5,106$3,541$601
30 years$13,435$9,631$6,773$4,686$3,199$504
31 years$12,861$9,105$6,314$4,303$2,893$422
32 years$12,323$8,615$5,891$3,955$2,617$354
33 years$11,820$8,158$5,500$3,637$2,368$297
34 years$11,347$7,732$5,139$3,346$2,144$249
35 years$10,902$7,334$4,805$3,080$1,942$209
36 years$10,482$6,961$4,495$2,837$1,759$175
37 years$10,087$6,611$4,207$2,614$1,595$147
38 years$9,713$6,283$3,940$2,409$1,446$123
39 years$9,359$5,975$3,691$2,221$1,311$103
40 years$9,023$5,684$3,460$2,049$1,189$87
41 years$8,705$5,411$3,244$1,890$1,079$73
42 years$8,403$5,153$3,043$1,745$979$61
43 years$8,115$4,910$2,856$1,611$888$51
44 years$7,842$4,680$2,680$1,487$806$43
45 years$7,581$4,463$2,517$1,373$732$36
46 years$7,332$4,258$2,364$1,269$665$30
47 years$7,095$4,063$2,221$1,172$604$25
48 years$6,868$3,879$2,087$1,083$548$21
49 years$6,651$3,704$1,962$1,001$498$18
50 years$6,444$3,538$1,844$925$452$15

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 $6,696 every year, while hoping to spend $44,952 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: 58/21/21 Blend
69$6,600,000$6,600,000$6,600,000$6,600,000
70$7,280,107$6,930,307$6,828,007$7,661,219
71$7,974,849$7,222,063$7,008,917$8,212,991
72$8,738,949$7,526,609$7,194,380$8,808,829
73$9,579,432$7,844,524$7,384,503$9,457,448
74$10,504,042$8,176,413$7,579,391$10,163,954
75$11,521,309$8,522,912$7,779,155$10,933,962
76$12,640,631$8,884,683$7,983,905$11,773,651
77$13,872,364$9,262,422$8,193,756$12,689,817
78$15,227,920$9,656,855$8,408,821$13,689,940
79$16,719,871$10,068,744$8,629,219$14,782,247
80$18,362,069$10,498,884$8,855,070$15,975,796
81$20,169,781$10,948,110$9,086,495$17,280,552
82$22,159,824$11,417,293$9,323,618$18,707,485
83$24,350,733$11,907,347$9,566,566$20,268,671
84$26,762,928$12,419,227$9,815,467$21,977,399
85$29,418,913$12,953,935$10,070,451$23,848,302
86$32,343,482$13,512,518$10,331,651$25,897,487
87$35,563,958$14,096,073$10,599,202$28,142,690
88$39,110,448$14,705,747$10,873,242$30,603,435
89$43,016,128$15,342,743$11,153,910$33,301,223
90$47,317,554$16,008,318$11,441,347$36,259,727
91$52,055,010$16,703,791$11,735,697$39,505,017
92$57,272,884$17,430,540$12,037,106$43,065,800
93$63,020,093$18,190,011$12,345,724$46,973,691
94$69,350,535$18,983,714$12,661,699$51,263,508
95$76,323,609$19,813,235$12,985,184$55,973,595
96$84,004,764$20,680,231$13,316,335$61,146,187
97$92,466,126$21,586,438$13,655,308$66,827,798
98$101,787,172$22,533,675$14,002,262$73,069,664
99$112,055,484$23,523,846$14,357,359$79,928,218
100$123,367,574$24,558,944$14,720,761$87,465,621