Can I retire at age 51 with 6,200,000?

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$511,990$507,430$502,980$498,637$494,397$475,344
2 years$253,460$248,740$244,165$239,729$235,427$216,459
3 years$167,295$162,554$157,991$153,597$149,365$131,078
4 years$124,221$119,495$114,977$110,658$106,528$89,063
5 years$98,383$93,685$89,227$84,996$80,981$64,381
6 years$81,164$76,501$72,109$67,972$64,077$48,354
7 years$68,869$64,245$59,923$55,883$52,112$37,261
8 years$59,652$55,070$50,819$46,879$43,232$29,238
9 years$52,487$47,949$43,770$39,931$36,408$23,251
10 years$46,758$42,264$38,160$34,421$31,021$18,677
11 years$42,074$37,625$33,596$29,956$26,679$15,119
12 years$38,174$33,771$29,815$26,276$23,120$12,314
13 years$34,876$30,519$26,638$23,198$20,161$10,078
14 years$32,052$27,741$23,934$20,592$17,673$8,279
15 years$29,606$25,342$21,609$18,365$15,561$6,823
16 years$27,468$23,250$19,592$16,443$13,752$5,637
17 years$25,584$21,413$17,828$14,774$12,194$4,667
18 years$23,911$19,786$16,275$13,315$10,842$3,871
19 years$22,416$18,338$14,899$12,031$9,664$3,214
20 years$21,072$17,040$13,673$10,896$8,632$2,673
21 years$19,857$15,872$12,577$9,889$7,725$2,224
22 years$18,755$14,816$11,591$8,991$6,924$1,852
23 years$17,750$13,857$10,703$8,189$6,215$1,544
24 years$16,830$12,984$9,898$7,469$5,587$1,287
25 years$15,985$12,184$9,168$6,821$5,027$1,074
26 years$15,206$11,451$8,503$6,237$4,528$896
27 years$14,486$10,777$7,895$5,708$4,083$748
28 years$13,818$10,155$7,340$5,230$3,684$625
29 years$13,198$9,580$6,830$4,796$3,326$522
30 years$12,621$9,048$6,362$4,402$3,006$436
31 years$12,081$8,553$5,931$4,043$2,717$364
32 years$11,576$8,093$5,534$3,715$2,458$304
33 years$11,103$7,664$5,167$3,416$2,224$254
34 years$10,659$7,264$4,828$3,143$2,014$213
35 years$10,241$6,890$4,514$2,894$1,824$178
36 years$9,847$6,539$4,222$2,665$1,653$148
37 years$9,475$6,211$3,952$2,455$1,498$124
38 years$9,124$5,902$3,701$2,263$1,358$104
39 years$8,791$5,613$3,467$2,087$1,232$87
40 years$8,476$5,340$3,250$1,925$1,117$73
41 years$8,177$5,083$3,047$1,776$1,013$61
42 years$7,894$4,841$2,859$1,639$920$51
43 years$7,624$4,612$2,682$1,513$835$42
44 years$7,366$4,397$2,518$1,397$758$35
45 years$7,122$4,193$2,364$1,290$688$30
46 years$6,888$4,000$2,221$1,192$624$25
47 years$6,665$3,817$2,086$1,101$567$21
48 years$6,452$3,644$1,960$1,017$515$17
49 years$6,248$3,480$1,843$940$468$14
50 years$6,053$3,324$1,732$869$425$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $6,200,000, adding $5,660 every year, while hoping to spend $41,277 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: 53/19/28 Blend
50$6,200,000$6,200,000$6,200,000$6,200,000
51$6,838,238$6,509,638$6,413,538$7,146,902
52$7,491,820$6,784,692$6,584,473$7,636,539
53$8,210,684$7,071,840$6,759,751$8,164,453
54$9,001,445$7,371,632$6,939,474$8,738,168
55$9,871,392$7,684,641$7,123,746$9,362,087
56$10,828,554$8,011,469$7,312,672$10,041,049
57$11,881,782$8,352,746$7,506,361$10,780,381
58$13,040,823$8,709,129$7,704,924$11,585,939
59$14,316,419$9,081,310$7,908,472$12,464,167
60$15,720,408$9,470,008$8,117,119$13,422,156
61$17,265,831$9,875,979$8,330,984$14,467,706
62$18,967,057$10,300,014$8,550,184$15,609,405
63$20,839,923$10,742,941$8,774,841$16,856,698
64$22,901,875$11,205,624$9,005,078$18,219,987
65$25,172,139$11,688,973$9,241,020$19,710,717
66$27,671,899$12,193,934$9,482,797$21,341,486
67$30,424,499$12,721,504$9,730,537$23,126,166
68$33,455,662$13,272,721$9,984,374$25,080,026
69$36,793,731$13,848,676$10,244,441$27,219,876
70$40,469,939$14,450,508$10,510,878$29,564,225
71$44,518,702$15,079,413$10,783,822$32,133,453
72$48,977,946$15,736,640$11,063,416$34,950,001
73$53,889,460$16,423,499$11,349,804$38,038,580
74$59,299,294$17,141,360$11,643,132$41,426,401
75$65,258,196$17,891,660$11,943,550$45,143,433
76$71,822,081$18,675,901$12,251,209$49,222,679
77$79,052,571$19,495,658$12,566,262$53,700,487
78$87,017,567$20,352,579$12,888,865$58,616,889
79$95,791,894$21,248,390$13,219,177$64,015,977
80$105,458,006$22,184,900$13,557,358$69,946,318
81$116,106,765$23,164,002$13,903,572$76,461,404
82$127,838,296$24,187,680$14,257,983$83,620,158
83$140,762,936$25,258,010$14,620,759$91,487,486
84$155,002,271$26,377,168$14,992,070$100,134,885
85$170,690,286$27,547,432$15,372,088$109,641,113
86$187,974,628$28,771,190$15,760,986$120,092,932
87$207,018,002$30,050,940$16,158,941$131,585,922
88$227,999,704$31,389,302$16,566,131$144,225,375
89$251,117,315$32,789,019$16,982,738$158,127,289
90$276,588,563$34,252,963$17,408,942$173,419,457
91$304,653,384$35,784,145$17,844,928$190,242,668
92$335,576,179$37,385,718$18,290,883$208,752,033
93$369,648,315$39,060,984$18,746,994$229,118,440
94$407,190,876$40,813,405$19,213,450$251,530,165
95$448,557,688$42,646,605$19,690,444$276,194,643
96$494,138,665$44,564,382$20,178,167$303,340,420
97$544,363,488$46,570,715$20,676,814$333,219,304
98$599,705,656$48,669,772$21,186,580$366,108,737
99$660,686,964$50,865,922$21,707,661$402,314,404
100$727,882,422$53,163,740$22,240,256$442,173,116