Can I retire at age 51 with 6,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,944 every year, while hoping to spend $38,337 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: 75/13/12 Blend
50$6,000,000$6,000,000$6,000,000$6,000,000
51$6,615,037$6,297,037$6,204,037$7,095,216
52$7,248,980$6,564,801$6,371,082$7,680,210
53$7,946,301$6,844,401$6,542,438$8,316,038
54$8,713,423$7,136,376$6,718,209$9,011,795
55$9,557,425$7,441,291$6,898,501$9,773,422
56$10,486,104$7,759,737$7,083,423$10,607,459
57$11,508,054$8,092,331$7,273,085$11,521,105
58$12,632,743$8,439,723$7,467,601$12,522,288
59$13,870,602$8,802,589$7,667,085$13,619,737
60$15,233,127$9,181,639$7,871,655$14,823,064
61$16,732,982$9,577,615$8,081,432$16,142,854
62$18,384,124$9,991,296$8,296,538$17,590,761
63$20,201,930$10,423,495$8,517,097$19,179,623
64$22,203,345$10,875,065$8,743,239$20,923,576
65$24,407,041$11,346,897$8,975,091$22,838,191
66$26,833,590$11,839,926$9,212,788$24,940,614
67$29,505,664$12,355,130$9,456,464$27,249,735
68$32,448,243$12,893,533$9,706,257$29,786,355
69$35,688,855$13,456,207$9,962,308$32,573,392
70$39,257,833$14,044,276$10,224,759$35,636,085
71$43,188,600$14,658,914$10,493,758$39,002,239
72$47,517,990$15,301,353$10,769,451$42,702,482
73$52,286,588$15,972,883$11,051,991$46,770,553
74$57,539,119$16,674,853$11,341,531$51,243,620
75$63,324,866$17,408,677$11,638,229$56,162,629
76$69,698,137$18,175,837$11,942,245$61,572,687
77$76,718,777$18,977,883$12,253,740$67,523,488
78$84,452,732$19,816,439$12,572,880$74,069,778
79$92,972,672$20,693,207$12,899,833$81,271,872
80$102,358,679$21,609,968$13,234,771$89,196,222
81$112,698,995$22,568,588$13,577,868$97,916,037
82$124,090,866$23,571,021$13,929,299$107,511,979
83$136,641,449$24,619,317$14,289,246$118,072,916
84$150,468,832$25,715,618$14,657,890$129,696,762
85$165,703,141$26,862,171$15,035,418$142,491,396
86$182,487,774$28,061,330$15,422,017$156,575,681
87$200,980,751$29,315,559$15,817,879$172,080,581
88$221,356,207$30,627,442$16,223,198$189,150,395
89$243,806,036$31,999,682$16,638,170$207,944,117
90$268,541,699$33,435,114$17,062,997$228,636,931
91$295,796,225$34,936,707$17,497,879$251,421,866
92$325,826,405$36,507,571$17,943,023$276,511,610
93$358,915,221$38,150,964$18,398,638$304,140,517
94$395,374,514$39,870,302$18,864,932$334,566,817
95$435,547,928$41,669,160$19,342,121$368,075,045
96$479,814,154$43,551,286$19,830,419$404,978,729
97$528,590,506$45,520,608$20,330,046$445,623,341
98$582,336,858$47,581,238$20,841,223$490,389,556
99$641,559,987$49,737,487$21,364,174$539,696,841
100$706,818,355$51,993,874$21,899,123$594,007,409