Can I retire at age 51 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$520,248$515,614$511,093$506,680$502,371$489,630
2 years$257,549$252,752$248,103$243,596$239,224$226,471
3 years$169,994$165,176$160,539$156,074$151,774$139,407
4 years$126,225$121,422$116,831$112,443$108,246$96,361
5 years$99,970$95,196$90,666$86,367$82,287$70,916
6 years$82,473$77,735$73,272$69,068$65,111$54,265
7 years$69,980$65,282$60,889$56,785$52,953$42,634
8 years$60,614$55,958$51,639$47,635$43,929$34,132
9 years$53,333$48,722$44,476$40,575$36,995$27,711
10 years$47,512$42,946$38,776$34,976$31,521$22,740
11 years$42,753$38,232$34,137$30,439$27,110$18,818
12 years$38,789$34,315$30,296$26,700$23,493$15,676
13 years$35,438$31,011$27,068$23,572$20,486$13,129
14 years$32,569$28,188$24,320$20,924$17,958$11,044
15 years$30,084$25,750$21,958$18,661$15,812$9,323
16 years$27,911$23,625$19,908$16,709$13,974$7,894
17 years$25,997$21,758$18,116$15,013$12,391$6,700
18 years$24,297$20,106$16,537$13,529$11,017$5,699
19 years$22,777$18,634$15,139$12,225$9,820$4,856
20 years$21,412$17,315$13,894$11,072$8,771$4,144
21 years$20,178$16,128$12,780$10,049$7,849$3,540
22 years$19,057$15,055$11,778$9,136$7,036$3,028
23 years$18,036$14,081$10,875$8,321$6,316$2,592
24 years$17,101$13,193$10,058$7,589$5,677$2,220
25 years$16,242$12,381$9,316$6,931$5,108$1,903
26 years$15,451$11,636$8,640$6,337$4,601$1,633
27 years$14,719$10,951$8,023$5,801$4,148$1,401
28 years$14,041$10,319$7,458$5,315$3,743$1,203
29 years$13,411$9,735$6,940$4,874$3,380$1,033
30 years$12,824$9,193$6,465$4,473$3,054$887
31 years$12,276$8,691$6,027$4,108$2,761$762
32 years$11,763$8,223$5,623$3,775$2,498$655
33 years$11,282$7,788$5,250$3,472$2,260$563
34 years$10,831$7,381$4,906$3,194$2,047$484
35 years$10,406$7,001$4,586$2,940$1,854$416
36 years$10,006$6,645$4,291$2,708$1,679$358
37 years$9,628$6,311$4,016$2,495$1,522$308
38 years$9,271$5,998$3,761$2,300$1,380$265
39 years$8,933$5,703$3,523$2,121$1,251$228
40 years$8,613$5,426$3,302$1,956$1,135$196
41 years$8,309$5,165$3,097$1,805$1,030$169
42 years$8,021$4,919$2,905$1,665$934$145
43 years$7,746$4,687$2,726$1,537$848$125
44 years$7,485$4,468$2,559$1,419$770$107
45 years$7,236$4,260$2,402$1,311$699$92
46 years$6,999$4,064$2,256$1,211$634$79
47 years$6,773$3,878$2,120$1,119$576$68
48 years$6,556$3,702$1,992$1,034$523$59
49 years$6,349$3,536$1,872$955$475$51
50 years$6,151$3,377$1,760$883$432$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $6,300,000, adding $5,524 every year, while hoping to spend $42,107 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: 76/12/12 Blend
50$6,300,000$6,300,000$6,300,000$6,300,000
51$6,948,298$6,614,398$6,516,748$7,459,668
52$7,612,223$6,893,702$6,690,258$8,076,810
53$8,342,457$7,185,281$6,868,168$8,747,288
54$9,145,719$7,489,691$7,050,584$9,481,105
55$10,029,412$7,807,516$7,237,608$10,284,550
56$11,001,693$8,139,365$7,429,349$11,164,543
57$12,071,550$8,485,877$7,625,916$12,128,706
58$13,248,883$8,847,721$7,827,419$13,185,430
59$14,544,605$9,225,595$8,033,974$14,343,955
60$15,970,737$9,620,231$8,245,694$15,614,457
61$17,540,525$10,032,396$8,462,698$17,008,140
62$19,268,567$10,462,891$8,685,106$18,537,347
63$21,170,944$10,912,557$8,913,041$20,215,666
64$23,265,379$11,382,270$9,146,626$22,058,068
65$25,571,399$11,872,953$9,385,989$24,081,037
66$28,110,520$12,385,566$9,631,259$26,302,733
67$30,906,454$12,921,119$9,882,566$28,743,156
68$33,985,325$13,480,667$10,140,045$31,424,337
69$37,375,923$14,065,315$10,403,832$34,370,544
70$41,109,972$14,676,219$10,674,064$37,608,508
71$45,222,426$15,314,592$10,950,883$41,167,676
72$49,751,808$15,981,701$11,234,432$45,080,487
73$54,740,562$16,678,874$11,524,855$49,382,676
74$60,235,462$17,407,501$11,822,300$54,113,611
75$66,288,050$18,169,040$12,126,918$59,316,659
76$72,955,122$18,965,013$12,438,861$65,039,601
77$80,299,264$19,797,019$12,758,283$71,335,075
78$88,389,445$20,666,729$13,085,341$78,261,071
79$97,301,663$21,575,893$13,420,194$85,881,483
80$107,119,667$22,526,346$13,763,005$94,266,701
81$117,935,744$23,520,009$14,113,937$103,494,281
82$129,851,592$24,558,891$14,473,156$113,649,670
83$142,979,279$25,645,101$14,840,831$124,827,014
84$157,442,298$26,780,844$15,217,132$137,130,041
85$173,376,738$27,968,431$15,602,231$150,673,039
86$190,932,563$29,210,282$15,996,304$165,581,935
87$210,275,032$30,508,933$16,399,528$181,995,475
88$231,586,254$31,867,040$16,812,081$200,066,539
89$255,066,911$33,287,383$17,234,144$219,963,572
90$280,938,148$34,772,878$17,665,901$241,872,180
91$309,443,666$36,326,575$18,107,535$265,996,873
92$340,852,016$37,951,674$18,559,234$292,562,995
93$375,459,139$39,651,522$19,021,185$321,818,847
94$413,591,154$41,429,631$19,493,578$354,038,027
95$455,607,444$43,289,674$19,976,605$389,522,011
96$501,904,040$45,235,505$20,470,458$428,602,993
97$552,917,365$47,271,157$20,975,331$471,647,018
98$609,128,350$49,400,859$21,491,419$519,057,433
99$671,066,979$51,629,038$22,018,919$571,278,691
100$739,317,286$53,960,336$22,558,027$628,800,542