Can I retire at age 51 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%11%
1 years$495,474$491,061$486,755$482,552$478,448$476,432
2 years$245,284$240,716$236,289$231,996$227,833$225,797
3 years$161,899$157,311$152,895$148,642$144,546$142,555
4 years$120,214$115,640$111,268$107,088$103,092$101,159
5 years$95,210$90,663$86,349$82,254$78,369$76,501
6 years$78,545$74,033$69,782$65,779$62,010$60,210
7 years$66,647$62,173$57,990$54,081$50,431$48,699
8 years$57,728$53,294$49,180$45,367$41,837$40,173
9 years$50,794$46,402$42,359$38,643$35,233$33,637
10 years$45,250$40,901$36,929$33,310$30,020$28,491
11 years$40,717$36,412$32,512$28,990$25,819$24,356
12 years$36,942$32,681$28,853$25,428$22,374$20,976
13 years$33,751$29,534$25,779$22,449$19,510$18,176
14 years$31,018$26,846$23,162$19,928$17,103$15,831
15 years$28,651$24,524$20,912$17,772$15,059$13,848
16 years$26,582$22,500$18,960$15,913$13,309$12,157
17 years$24,759$20,722$17,253$14,298$11,801$10,706
18 years$23,140$19,148$15,750$12,885$10,492$9,454
19 years$21,693$17,746$14,418$11,643$9,352$8,367
20 years$20,392$16,491$13,232$10,545$8,354$7,421
21 years$19,217$15,360$12,171$9,570$7,475$6,593
22 years$18,150$14,338$11,218$8,701$6,701$5,866
23 years$17,177$13,410$10,357$7,925$6,015$5,227
24 years$16,287$12,565$9,579$7,228$5,406$4,663
25 years$15,469$11,791$8,872$6,601$4,865$4,164
26 years$14,715$11,082$8,228$6,035$4,382$3,722
27 years$14,018$10,429$7,641$5,524$3,951$3,330
28 years$13,373$9,828$7,103$5,061$3,565$2,981
29 years$12,773$9,271$6,610$4,641$3,219$2,671
30 years$12,213$8,756$6,157$4,260$2,909$2,394
31 years$11,691$8,277$5,740$3,912$2,630$2,147
32 years$11,203$7,832$5,355$3,595$2,379$1,926
33 years$10,745$7,417$5,000$3,306$2,153$1,729
34 years$10,315$7,029$4,672$3,042$1,949$1,553
35 years$9,911$6,667$4,368$2,800$1,765$1,395
36 years$9,529$6,328$4,086$2,579$1,599$1,253
37 years$9,170$6,010$3,825$2,376$1,450$1,126
38 years$8,830$5,712$3,582$2,190$1,314$1,013
39 years$8,508$5,432$3,356$2,020$1,192$910
40 years$8,203$5,168$3,145$1,863$1,081$819
41 years$7,914$4,919$2,949$1,719$981$737
42 years$7,639$4,685$2,766$1,586$890$663
43 years$7,378$4,464$2,596$1,464$808$596
44 years$7,129$4,255$2,437$1,352$733$537
45 years$6,892$4,057$2,288$1,248$666$483
46 years$6,666$3,871$2,149$1,153$604$435
47 years$6,450$3,694$2,019$1,065$549$391
48 years$6,244$3,526$1,897$985$498$352
49 years$6,047$3,367$1,783$910$453$317
50 years$5,858$3,217$1,677$841$411$285

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $6,000,000, adding $6,381 every year, while hoping to spend $31,232 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: 81/9/10 Blend
50$6,000,000$6,000,000$6,000,000$6,000,000
51$6,618,582$6,300,582$6,207,582$7,143,675
52$7,260,447$6,576,080$6,382,305$7,764,282
53$7,966,735$6,864,030$6,561,835$8,440,564
54$8,743,985$7,165,011$6,746,300$9,181,930
55$9,599,400$7,479,626$6,935,830$9,994,882
56$10,540,920$7,808,507$7,130,560$10,886,580
57$11,577,289$8,152,320$7,330,629$11,864,908
58$12,718,145$8,511,756$7,536,179$12,938,547
59$13,974,108$8,887,544$7,747,353$14,117,062
60$15,356,878$9,280,446$7,964,300$15,410,983
61$16,879,350$9,691,257$8,187,174$16,831,912
62$18,555,730$10,120,815$8,416,131$18,392,624
63$20,401,673$10,569,994$8,651,330$20,107,194
64$22,434,430$11,039,710$8,892,936$21,991,123
65$24,673,010$11,530,924$9,141,117$24,061,486
66$27,138,358$12,044,640$9,396,046$26,337,093
67$29,853,556$12,581,913$9,657,899$28,838,666
68$32,844,037$13,143,845$9,926,857$31,589,028
69$36,137,828$13,731,592$10,203,106$34,613,327
70$39,765,812$14,346,366$10,486,835$37,939,263
71$43,762,021$14,989,434$10,778,241$41,597,353
72$48,163,957$15,662,126$11,077,521$45,621,219
73$53,012,943$16,365,833$11,384,881$50,047,900
74$58,354,519$17,102,014$11,700,529$54,918,203
75$64,238,864$17,872,197$12,024,681$60,277,089
76$70,721,276$18,677,983$12,357,556$66,174,089
77$77,862,691$19,521,048$12,699,379$72,663,779
78$85,730,257$20,403,151$13,050,380$79,806,287
79$94,397,970$21,326,133$13,410,795$87,667,861
80$103,947,372$22,291,922$13,780,865$96,321,493
81$114,468,318$23,302,541$14,160,839$105,847,608
82$126,059,828$24,360,106$14,550,968$116,334,819
83$138,831,017$25,466,839$14,951,512$127,880,761
84$152,902,130$26,625,063$15,362,737$140,593,013
85$168,405,673$27,837,217$15,784,914$154,590,112
86$185,487,664$29,105,852$16,218,321$170,002,666
87$204,309,013$30,433,647$16,663,243$186,974,591
88$225,047,041$31,823,404$17,119,970$205,664,459
89$247,897,150$33,278,062$17,588,800$226,247,000
90$273,074,673$34,800,701$18,070,038$248,914,747
91$300,816,901$36,394,547$18,563,997$273,879,848
92$331,385,329$38,062,983$19,070,994$301,376,070
93$365,068,116$39,809,553$19,591,356$331,661,000
94$402,182,815$41,637,972$20,125,417$365,018,476
95$443,079,362$43,552,133$20,673,519$401,761,262
96$488,143,385$45,556,115$21,236,009$442,233,998
97$537,799,841$47,654,195$21,813,246$486,816,451
98$592,517,028$49,850,855$22,405,594$535,927,096
99$652,811,010$52,150,792$23,013,426$590,027,060
100$719,250,481$54,558,928$23,637,124$649,624,478