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%
1 years$520,248$515,614$511,093$506,680$502,371$490,027
2 years$257,549$252,752$248,103$243,596$239,224$226,864
3 years$169,994$165,176$160,539$156,074$151,774$139,784
4 years$126,225$121,422$116,831$112,443$108,246$96,719
5 years$99,970$95,196$90,666$86,367$82,287$71,255
6 years$82,473$77,735$73,272$69,068$65,111$54,584
7 years$69,980$65,282$60,889$56,785$52,953$42,933
8 years$60,614$55,958$51,639$47,635$43,929$34,412
9 years$53,333$48,722$44,476$40,575$36,995$27,972
10 years$47,512$42,946$38,776$34,976$31,521$22,983
11 years$42,753$38,232$34,137$30,439$27,110$19,043
12 years$38,789$34,315$30,296$26,700$23,493$15,884
13 years$35,438$31,011$27,068$23,572$20,486$13,321
14 years$32,569$28,188$24,320$20,924$17,958$11,221
15 years$30,084$25,750$21,958$18,661$15,812$9,486
16 years$27,911$23,625$19,908$16,709$13,974$8,043
17 years$25,997$21,758$18,116$15,013$12,391$6,837
18 years$24,297$20,106$16,537$13,529$11,017$5,824
19 years$22,777$18,634$15,139$12,225$9,820$4,970
20 years$21,412$17,315$13,894$11,072$8,771$4,247
21 years$20,178$16,128$12,780$10,049$7,849$3,634
22 years$19,057$15,055$11,778$9,136$7,036$3,113
23 years$18,036$14,081$10,875$8,321$6,316$2,669
24 years$17,101$13,193$10,058$7,589$5,677$2,290
25 years$16,242$12,381$9,316$6,931$5,108$1,966
26 years$15,451$11,636$8,640$6,337$4,601$1,689
27 years$14,719$10,951$8,023$5,801$4,148$1,452
28 years$14,041$10,319$7,458$5,315$3,743$1,248
29 years$13,411$9,735$6,940$4,874$3,380$1,074
30 years$12,824$9,193$6,465$4,473$3,054$924
31 years$12,276$8,691$6,027$4,108$2,761$795
32 years$11,763$8,223$5,623$3,775$2,498$685
33 years$11,282$7,788$5,250$3,472$2,260$589
34 years$10,831$7,381$4,906$3,194$2,047$508
35 years$10,406$7,001$4,586$2,940$1,854$437
36 years$10,006$6,645$4,291$2,708$1,679$377
37 years$9,628$6,311$4,016$2,495$1,522$324
38 years$9,271$5,998$3,761$2,300$1,380$280
39 years$8,933$5,703$3,523$2,121$1,251$241
40 years$8,613$5,426$3,302$1,956$1,135$208
41 years$8,309$5,165$3,097$1,805$1,030$179
42 years$8,021$4,919$2,905$1,665$934$154
43 years$7,746$4,687$2,726$1,537$848$133
44 years$7,485$4,468$2,559$1,419$770$115
45 years$7,236$4,260$2,402$1,311$699$99
46 years$6,999$4,064$2,256$1,211$634$85
47 years$6,773$3,878$2,120$1,119$576$73
48 years$6,556$3,702$1,992$1,034$523$63
49 years$6,349$3,536$1,872$955$475$54
50 years$6,151$3,377$1,760$883$432$47

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 $4,013 every year, while hoping to spend $44,872 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: 64/6/30 Blend
50$6,300,000$6,300,000$6,300,000$6,300,000
51$6,946,739$6,612,839$6,515,189$7,335,319
52$7,607,563$6,889,125$6,685,705$7,875,703
53$8,334,287$7,177,445$6,860,429$8,460,685
54$9,133,586$7,478,341$7,039,454$9,098,981
55$10,012,813$7,792,381$7,222,877$9,795,844
56$10,980,071$8,120,158$7,410,794$10,557,054
57$12,044,286$8,462,294$7,603,304$11,388,979
58$13,215,295$8,819,438$7,800,506$12,298,627
59$14,503,935$9,192,271$8,002,504$13,293,716
60$15,922,148$9,581,504$8,209,399$14,382,746
61$17,483,092$9,987,882$8,421,298$15,575,076
62$19,201,264$10,412,185$8,638,308$16,881,013
63$21,092,638$10,855,227$8,860,537$18,311,909
64$23,174,817$11,317,863$9,088,095$19,880,267
65$25,467,197$11,800,987$9,321,094$21,599,856
66$27,991,148$12,305,532$9,559,648$23,485,845
67$30,770,221$12,832,479$9,803,872$25,554,938
68$33,830,364$13,382,852$10,053,883$27,825,540
69$37,200,172$13,957,722$10,309,799$30,317,921
70$40,911,152$14,558,213$10,571,740$33,054,410
71$44,998,024$15,185,500$10,839,827$36,059,607
72$49,499,046$15,840,813$11,114,185$39,360,610
73$54,456,376$16,525,440$11,394,937$42,987,272
74$59,916,469$17,240,729$11,682,210$46,972,481
75$65,930,515$17,988,091$11,976,131$51,352,470
76$72,554,926$18,769,006$12,276,829$56,167,156
77$79,851,860$19,585,019$12,584,435$61,460,519
78$87,889,816$20,437,751$12,899,080$67,281,011
79$96,744,276$21,328,899$13,220,897$73,682,016
80$106,498,415$22,260,239$13,550,021$80,722,351
81$117,243,893$23,233,630$13,886,586$88,466,820
82$129,081,713$24,251,021$14,230,730$96,986,823
83$142,123,177$25,314,450$14,582,588$106,361,031
84$156,490,937$26,426,054$14,942,301$116,676,126
85$172,320,152$27,588,069$15,310,007$128,027,616
86$189,759,761$28,802,838$15,685,846$140,520,738
87$208,973,893$30,072,814$16,069,958$154,271,445
88$230,143,413$31,400,566$16,462,485$169,407,505
89$253,467,632$32,788,784$16,863,569$186,069,700
90$279,166,183$34,240,287$17,273,351$204,413,155
91$307,481,099$35,758,026$17,691,974$224,608,802
92$338,679,095$37,345,094$18,119,579$246,844,989
93$373,054,088$39,004,728$18,556,309$271,329,256
94$410,929,965$40,740,320$19,002,306$298,290,294
95$452,663,650$42,555,424$19,457,712$327,980,101
96$498,648,463$44,453,761$19,922,666$360,676,358
97$549,317,841$46,439,229$20,397,310$396,685,046
98$605,149,423$48,515,914$20,881,782$436,343,336
99$666,669,563$50,688,093$21,376,221$480,022,769
100$734,458,297$52,960,248$21,880,763$528,132,755