Can I retire at age 51 with 6,100,000?

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$503,732$499,245$494,868$490,595$486,423$470,475
2 years$249,372$244,728$240,227$235,863$231,630$215,715
3 years$164,597$159,933$155,443$151,120$146,955$131,573
4 years$122,217$117,567$113,123$108,873$104,810$90,078
5 years$96,796$92,174$87,788$83,625$79,675$65,632
6 years$79,855$75,267$70,946$66,876$63,044$49,703
7 years$67,758$63,209$58,956$54,982$51,272$38,630
8 years$58,690$54,182$49,999$46,123$42,535$30,583
9 years$51,640$47,175$43,064$39,287$35,820$24,545
10 years$46,004$41,583$37,545$33,866$30,521$19,904
11 years$41,396$37,019$33,054$29,473$26,249$16,271
12 years$37,558$33,226$29,334$25,852$22,747$13,385
13 years$34,313$30,026$26,208$22,823$19,836$11,067
14 years$31,535$27,293$23,548$20,260$17,388$9,188
15 years$29,129$24,933$21,261$18,068$15,310$7,653
16 years$27,025$22,875$19,276$16,178$13,531$6,392
17 years$25,171$21,067$17,540$14,536$11,997$5,351
18 years$23,525$19,467$16,012$13,100$10,667$4,488
19 years$22,054$18,042$14,658$11,837$9,508$3,769
20 years$20,732$16,766$13,453$10,721$8,493$3,170
21 years$19,537$15,616$12,374$9,730$7,600$2,669
22 years$18,452$14,577$11,405$8,846$6,812$2,249
23 years$17,463$13,634$10,530$8,057$6,115$1,897
24 years$16,558$12,774$9,739$7,348$5,496$1,601
25 years$15,727$11,988$9,020$6,711$4,946$1,351
26 years$14,960$11,267$8,365$6,136$4,455$1,142
27 years$14,252$10,603$7,768$5,616$4,017$965
28 years$13,596$9,991$7,221$5,146$3,624$815
29 years$12,985$9,426$6,720$4,719$3,273$689
30 years$12,417$8,902$6,260$4,331$2,957$583
31 years$11,886$8,415$5,836$3,977$2,673$493
32 years$11,390$7,962$5,445$3,655$2,418$417
33 years$10,924$7,540$5,084$3,361$2,189$353
34 years$10,487$7,147$4,750$3,093$1,982$299
35 years$10,076$6,778$4,441$2,847$1,795$253
36 years$9,688$6,434$4,154$2,622$1,626$214
37 years$9,322$6,111$3,888$2,416$1,474$181
38 years$8,977$5,807$3,641$2,227$1,336$153
39 years$8,650$5,522$3,412$2,053$1,212$130
40 years$8,340$5,254$3,198$1,894$1,099$110
41 years$8,046$5,001$2,998$1,747$997$93
42 years$7,766$4,763$2,813$1,613$905$79
43 years$7,501$4,538$2,639$1,489$821$67
44 years$7,248$4,326$2,477$1,374$745$56
45 years$7,007$4,125$2,326$1,269$677$48
46 years$6,777$3,935$2,185$1,172$614$40
47 years$6,558$3,755$2,053$1,083$558$34
48 years$6,348$3,585$1,929$1,001$507$29
49 years$6,148$3,423$1,813$925$460$25
50 years$5,956$3,270$1,704$855$418$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $6,100,000, adding $3,312 every year, while hoping to spend $48,843 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: 56/16/28 Blend
50$6,100,000$6,100,000$6,100,000$6,100,000
51$6,725,616$6,402,316$6,307,766$7,050,165
52$7,359,661$6,664,061$6,467,108$7,535,605
53$8,056,740$6,936,995$6,630,150$8,058,899
54$8,823,234$7,221,613$6,796,966$8,628,086
55$9,666,168$7,518,436$6,967,629$9,247,612
56$10,593,284$7,828,007$7,142,212$9,922,367
57$11,613,113$8,150,894$7,320,790$10,657,732
58$12,735,054$8,487,690$7,503,439$11,459,629
59$13,969,460$8,839,018$7,690,235$12,334,574
60$15,327,742$9,205,527$7,881,255$13,289,740
61$16,822,470$9,587,896$8,076,576$14,333,022
62$18,467,497$9,986,838$8,276,276$15,473,109
63$20,278,084$10,403,095$8,480,434$16,719,569
64$22,271,049$10,837,447$8,689,128$18,082,932
65$24,464,921$11,290,707$8,902,439$19,574,794
66$26,880,117$11,763,726$9,120,445$21,207,920
67$29,539,137$12,257,397$9,343,228$22,996,369
68$32,466,770$12,772,651$9,570,868$24,955,618
69$35,690,333$13,310,463$9,803,444$27,102,713
70$39,239,926$13,871,854$10,041,038$29,456,423
71$43,148,717$14,457,893$10,283,731$32,037,419
72$47,453,253$15,069,697$10,531,603$34,868,468
73$52,193,808$15,708,435$10,784,735$37,974,643
74$57,414,759$16,375,332$11,043,207$41,383,558
75$63,165,009$17,071,667$11,307,099$45,125,631
76$69,498,444$17,798,783$11,576,490$49,234,365
77$76,474,443$18,558,081$11,851,460$53,746,661
78$84,158,439$19,351,030$12,132,087$58,703,169
79$92,622,537$20,179,168$12,418,449$64,148,668
80$101,946,190$21,044,102$12,710,622$70,132,481
81$112,216,955$21,947,516$13,008,681$76,708,948
82$123,531,315$22,891,174$13,312,702$83,937,925
83$135,995,588$23,876,920$13,622,756$91,885,357
84$149,726,935$24,906,687$13,938,916$100,623,891
85$164,854,463$25,982,496$14,261,251$110,233,560
86$181,520,444$27,106,463$14,589,828$120,802,539
87$199,881,656$28,280,806$14,924,714$132,427,970
88$220,110,864$29,507,845$15,265,971$145,216,879
89$242,398,452$30,790,010$15,613,661$159,287,180
90$266,954,216$32,129,843$15,967,841$174,768,787
91$294,009,349$33,530,008$16,328,567$191,804,837
92$323,818,619$34,993,294$16,695,889$210,553,035
93$356,662,774$36,522,621$17,069,857$231,187,141
94$392,851,194$38,121,047$17,450,515$253,898,608
95$432,724,811$39,791,773$17,837,902$278,898,379
96$476,659,324$41,538,153$18,232,055$306,418,880
97$525,068,751$43,363,698$18,633,004$336,716,208
98$578,409,329$45,272,085$19,040,776$370,072,542
99$637,183,829$47,267,166$19,455,390$406,798,803
100$701,946,296$49,352,973$19,876,862$447,237,587