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%13.5%
1 years$511,990$507,430$502,980$498,637$494,397$487,210
2 years$253,460$248,740$244,165$239,729$235,427$228,201
3 years$167,295$162,554$157,991$153,597$149,365$142,325
4 years$124,221$119,495$114,977$110,658$106,528$99,728
5 years$98,383$93,685$89,227$84,996$80,981$74,441
6 years$81,164$76,501$72,109$67,972$64,077$57,805
7 years$68,869$64,245$59,923$55,883$52,112$46,110
8 years$59,652$55,070$50,819$46,879$43,232$37,499
9 years$52,487$47,949$43,770$39,931$36,408$30,940
10 years$46,758$42,264$38,160$34,421$31,021$25,816
11 years$42,074$37,625$33,596$29,956$26,679$21,731
12 years$38,174$33,771$29,815$26,276$23,120$18,422
13 years$34,876$30,519$26,638$23,198$20,161$15,708
14 years$32,052$27,741$23,934$20,592$17,673$13,457
15 years$29,606$25,342$21,609$18,365$15,561$11,575
16 years$27,468$23,250$19,592$16,443$13,752$9,989
17 years$25,584$21,413$17,828$14,774$12,194$8,645
18 years$23,911$19,786$16,275$13,315$10,842$7,499
19 years$22,416$18,338$14,899$12,031$9,664$6,519
20 years$21,072$17,040$13,673$10,896$8,632$5,677
21 years$19,857$15,872$12,577$9,889$7,725$4,951
22 years$18,755$14,816$11,591$8,991$6,924$4,323
23 years$17,750$13,857$10,703$8,189$6,215$3,779
24 years$16,830$12,984$9,898$7,469$5,587$3,307
25 years$15,985$12,184$9,168$6,821$5,027$2,896
26 years$15,206$11,451$8,503$6,237$4,528$2,539
27 years$14,486$10,777$7,895$5,708$4,083$2,226
28 years$13,818$10,155$7,340$5,230$3,684$1,954
29 years$13,198$9,580$6,830$4,796$3,326$1,715
30 years$12,621$9,048$6,362$4,402$3,006$1,507
31 years$12,081$8,553$5,931$4,043$2,717$1,324
32 years$11,576$8,093$5,534$3,715$2,458$1,164
33 years$11,103$7,664$5,167$3,416$2,224$1,023
34 years$10,659$7,264$4,828$3,143$2,014$900
35 years$10,241$6,890$4,514$2,894$1,824$791
36 years$9,847$6,539$4,222$2,665$1,653$696
37 years$9,475$6,211$3,952$2,455$1,498$613
38 years$9,124$5,902$3,701$2,263$1,358$539
39 years$8,791$5,613$3,467$2,087$1,232$475
40 years$8,476$5,340$3,250$1,925$1,117$418
41 years$8,177$5,083$3,047$1,776$1,013$368
42 years$7,894$4,841$2,859$1,639$920$324
43 years$7,624$4,612$2,682$1,513$835$285
44 years$7,366$4,397$2,518$1,397$758$251
45 years$7,122$4,193$2,364$1,290$688$221
46 years$6,888$4,000$2,221$1,192$624$195
47 years$6,665$3,817$2,086$1,101$567$172
48 years$6,452$3,644$1,960$1,017$515$151
49 years$6,248$3,480$1,843$940$468$133
50 years$6,053$3,324$1,732$869$425$117

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 $6,947 every year, while hoping to spend $40,049 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: 65/19/16 Blend
50$6,200,000$6,200,000$6,200,000$6,200,000
51$6,839,566$6,510,966$6,414,866$7,257,064
52$7,494,590$6,787,391$6,587,152$7,813,871
53$8,215,084$7,076,019$6,763,868$8,416,818
54$9,007,684$7,377,406$6,945,118$9,074,710
55$9,879,701$7,692,132$7,131,013$9,792,919
56$10,839,190$8,020,806$7,321,662$10,577,355
57$11,895,028$8,364,066$7,517,178$11,434,520
58$13,056,994$8,722,579$7,717,677$12,371,573
59$14,335,863$9,097,041$7,923,275$13,396,390
60$15,743,510$9,488,185$8,134,093$14,517,642
61$17,293,016$9,896,774$8,350,254$15,744,873
62$18,998,798$10,323,610$8,571,881$17,088,589
63$20,876,739$10,769,530$8,799,102$18,560,355
64$22,944,341$11,235,412$9,032,048$20,172,907
65$25,220,892$11,722,176$9,270,849$21,940,263
66$27,727,642$12,230,781$9,515,642$23,877,860
67$30,488,009$12,762,237$9,766,563$26,002,695
68$33,527,795$13,317,596$10,023,753$28,333,485
69$36,875,436$13,897,963$10,287,353$30,890,840
70$40,562,261$14,504,494$10,557,511$33,697,458
71$44,622,797$15,138,400$10,834,372$36,778,335
72$49,095,087$15,800,947$11,118,089$40,161,001
73$54,021,056$16,493,462$11,408,815$43,875,774
74$59,446,898$17,217,337$11,706,705$47,956,048
75$65,423,521$17,974,026$12,011,919$52,438,604
76$72,007,021$18,765,054$12,324,618$57,363,954
77$79,259,212$19,592,016$12,644,968$62,776,722
78$87,248,211$20,456,585$12,973,134$68,726,061
79$96,049,082$21,360,511$13,309,288$75,266,116
80$105,744,541$22,305,629$13,653,602$82,456,532
81$116,425,739$23,293,858$14,006,251$90,363,010
82$128,193,118$24,327,212$14,367,415$99,057,931
83$141,157,367$25,407,796$14,737,274$108,621,030
84$155,440,459$26,537,818$15,116,014$119,140,146
85$171,176,805$27,719,591$15,503,819$130,712,050
86$188,514,523$28,955,534$15,900,881$143,443,354
87$207,616,835$30,248,186$16,307,391$157,451,511
88$228,663,609$31,600,204$16,723,545$172,865,923
89$251,853,054$33,014,371$17,149,541$189,829,154
90$277,403,594$34,493,603$17,585,579$208,498,278
91$305,555,927$36,040,956$18,031,862$229,046,347
92$336,575,298$37,659,630$18,488,597$251,664,031
93$370,754,005$39,352,979$18,955,991$276,561,404
94$408,414,153$41,124,514$19,434,256$303,969,926
95$449,910,697$42,977,916$19,923,604$334,144,621
96$495,634,796$44,917,041$20,424,253$367,366,479
97$546,017,499$46,945,930$20,936,419$403,945,104
98$601,533,818$49,068,815$21,460,323$444,221,627
99$662,707,211$51,290,130$21,996,188$488,571,923
100$730,114,524$53,614,525$22,544,238$537,410,149