Can I retire at age 51 with 6,400,000?

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 $6,400,000?

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$528,506$523,798$519,205$514,722$510,345$497,402
2 years$261,637$256,764$252,041$247,463$243,021$230,066
3 years$172,692$167,798$163,088$158,552$154,183$141,619
4 years$128,228$123,349$118,686$114,228$109,964$97,890
5 years$101,557$96,707$92,105$87,738$83,593$72,041
6 years$83,782$78,969$74,435$70,165$66,144$55,127
7 years$71,090$66,318$61,856$57,686$53,793$43,310
8 years$61,576$56,847$52,458$48,392$44,627$34,674
9 years$54,180$49,495$45,182$41,219$37,582$28,151
10 years$48,267$43,628$39,391$35,531$32,022$23,101
11 years$43,432$38,839$34,679$30,923$27,540$19,117
12 years$39,405$34,860$30,777$27,123$23,865$15,925
13 years$36,001$31,503$27,497$23,946$20,811$13,337
14 years$33,086$28,636$24,706$21,256$18,243$11,219
15 years$30,561$26,159$22,306$18,957$16,062$9,471
16 years$28,354$24,000$20,224$16,974$14,196$8,019
17 years$26,409$22,104$18,403$15,251$12,587$6,807
18 years$24,682$20,425$16,800$13,744$11,192$5,790
19 years$23,139$18,929$15,379$12,419$9,976$4,933
20 years$21,752$17,590$14,114$11,248$8,910$4,209
21 years$20,498$16,384$12,982$10,208$7,974$3,596
22 years$19,360$15,294$11,965$9,282$7,147$3,076
23 years$18,322$14,304$11,048$8,453$6,416$2,633
24 years$17,373$13,402$10,217$7,709$5,767$2,256
25 years$16,500$12,577$9,463$7,041$5,189$1,934
26 years$15,696$11,821$8,777$6,438$4,674$1,658
27 years$14,953$11,125$8,150$5,893$4,214$1,423
28 years$14,264$10,483$7,577$5,399$3,803$1,222
29 years$13,624$9,889$7,051$4,951$3,434$1,049
30 years$13,028$9,339$6,567$4,544$3,103$901
31 years$12,471$8,829$6,123$4,173$2,805$774
32 years$11,950$8,354$5,712$3,835$2,537$666
33 years$11,461$7,911$5,334$3,527$2,296$572
34 years$11,003$7,498$4,984$3,245$2,079$492
35 years$10,571$7,112$4,659$2,987$1,883$423
36 years$10,165$6,750$4,359$2,751$1,706$364
37 years$9,781$6,411$4,080$2,535$1,546$313
38 years$9,418$6,093$3,820$2,336$1,402$269
39 years$9,075$5,794$3,579$2,154$1,271$231
40 years$8,750$5,512$3,355$1,987$1,153$199
41 years$8,441$5,247$3,146$1,833$1,046$171
42 years$8,148$4,997$2,951$1,692$949$147
43 years$7,869$4,761$2,769$1,562$861$127
44 years$7,604$4,538$2,599$1,442$782$109
45 years$7,351$4,328$2,441$1,332$710$94
46 years$7,110$4,129$2,292$1,230$645$81
47 years$6,880$3,940$2,153$1,137$585$69
48 years$6,660$3,761$2,024$1,050$532$60
49 years$6,450$3,592$1,902$971$483$51
50 years$6,249$3,431$1,788$897$438$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $6,400,000, adding $3,691 every year, while hoping to spend $20,646 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: 49/25/26 Blend
50$6,400,000$6,400,000$6,400,000$6,400,000
51$7,056,607$6,717,407$6,618,207$7,350,175
52$7,754,414$7,024,593$6,817,950$7,863,038
53$8,522,705$7,346,139$7,023,692$8,417,559
54$9,368,648$7,682,727$7,235,613$9,019,617
55$10,300,141$8,035,071$7,453,897$9,673,715
56$11,325,887$8,403,921$7,678,734$10,384,797
57$12,455,475$8,790,061$7,910,319$11,158,303
58$13,699,474$9,194,314$8,148,855$12,000,207
59$15,069,527$9,617,542$8,394,548$12,917,079
60$16,578,465$10,060,649$8,647,612$13,916,142
61$18,240,429$10,524,580$8,908,267$15,005,338
62$20,070,997$11,010,330$9,176,740$16,193,403
63$22,087,341$11,518,938$9,453,262$17,489,942
64$24,308,378$12,051,494$9,738,074$18,905,521
65$26,754,957$12,609,142$10,031,424$20,451,765
66$29,450,051$13,193,078$10,333,566$22,141,461
67$32,418,977$13,804,560$10,644,761$23,988,680
68$35,689,631$14,444,902$10,965,279$26,008,902
69$39,292,756$15,115,484$11,295,398$28,219,165
70$43,262,227$15,817,753$11,635,404$30,638,215
71$47,635,374$16,553,223$11,985,590$33,286,689
72$52,453,335$17,323,484$12,346,260$36,187,297
73$57,761,442$18,130,201$12,717,727$39,365,038
74$63,609,648$18,975,120$13,100,310$42,847,431
75$70,053,003$19,860,071$13,494,340$46,664,769
76$77,152,167$20,786,973$13,900,159$50,850,403
77$84,973,990$21,757,836$14,318,116$55,441,052
78$93,592,136$22,774,769$14,748,571$60,477,143
79$103,087,783$23,839,982$15,191,898$66,003,191
80$113,550,387$24,955,791$15,648,477$72,068,210
81$125,078,528$26,124,627$16,118,702$78,726,174
82$137,780,838$27,349,034$16,602,979$86,036,519
83$151,777,029$28,631,682$17,101,725$94,064,699
84$167,199,023$29,975,371$17,615,369$102,882,799
85$184,192,192$31,383,033$18,144,353$112,570,206
86$202,916,740$32,857,746$18,689,132$123,214,355
87$223,549,204$34,402,733$19,250,176$134,911,545
88$246,284,132$36,021,375$19,827,965$147,767,843
89$271,335,909$37,717,218$20,422,997$161,900,077
90$298,940,787$39,493,977$21,035,783$177,436,931
91$329,359,113$41,355,548$21,666,849$194,520,149
92$362,877,790$43,306,018$22,316,735$213,305,870
93$399,812,980$45,349,667$22,986,001$233,966,089
94$440,513,090$47,490,988$23,675,218$256,690,271
95$485,362,067$49,734,687$24,384,979$281,687,132
96$534,783,013$52,085,702$25,115,892$309,186,598
97$589,242,187$54,549,209$25,868,581$339,441,964
98$649,253,403$57,130,633$26,643,691$372,732,278
99$715,382,882$59,835,665$27,441,886$409,364,955
100$788,254,594$62,670,271$28,263,848$449,678,679