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%16.6%
1 years$528,506$523,798$519,205$514,722$510,345$496,598
2 years$261,637$256,764$252,041$247,463$243,021$229,270
3 years$172,692$167,798$163,088$158,552$154,183$140,857
4 years$128,228$123,349$118,686$114,228$109,964$97,166
5 years$101,557$96,707$92,105$87,738$83,593$71,359
6 years$83,782$78,969$74,435$70,165$66,144$54,485
7 years$71,090$66,318$61,856$57,686$53,793$42,709
8 years$61,576$56,847$52,458$48,392$44,627$34,113
9 years$54,180$49,495$45,182$41,219$37,582$27,628
10 years$48,267$43,628$39,391$35,531$32,022$22,616
11 years$43,432$38,839$34,679$30,923$27,540$18,667
12 years$39,405$34,860$30,777$27,123$23,865$15,510
13 years$36,001$31,503$27,497$23,946$20,811$12,954
14 years$33,086$28,636$24,706$21,256$18,243$10,867
15 years$30,561$26,159$22,306$18,957$16,062$9,148
16 years$28,354$24,000$20,224$16,974$14,196$7,724
17 years$26,409$22,104$18,403$15,251$12,587$6,537
18 years$24,682$20,425$16,800$13,744$11,192$5,544
19 years$23,139$18,929$15,379$12,419$9,976$4,709
20 years$21,752$17,590$14,114$11,248$8,910$4,006
21 years$20,498$16,384$12,982$10,208$7,974$3,412
22 years$19,360$15,294$11,965$9,282$7,147$2,909
23 years$18,322$14,304$11,048$8,453$6,416$2,483
24 years$17,373$13,402$10,217$7,709$5,767$2,120
25 years$16,500$12,577$9,463$7,041$5,189$1,812
26 years$15,696$11,821$8,777$6,438$4,674$1,549
27 years$14,953$11,125$8,150$5,893$4,214$1,325
28 years$14,264$10,483$7,577$5,399$3,803$1,134
29 years$13,624$9,889$7,051$4,951$3,434$970
30 years$13,028$9,339$6,567$4,544$3,103$831
31 years$12,471$8,829$6,123$4,173$2,805$712
32 years$11,950$8,354$5,712$3,835$2,537$609
33 years$11,461$7,911$5,334$3,527$2,296$522
34 years$11,003$7,498$4,984$3,245$2,079$447
35 years$10,571$7,112$4,659$2,987$1,883$383
36 years$10,165$6,750$4,359$2,751$1,706$329
37 years$9,781$6,411$4,080$2,535$1,546$282
38 years$9,418$6,093$3,820$2,336$1,402$241
39 years$9,075$5,794$3,579$2,154$1,271$207
40 years$8,750$5,512$3,355$1,987$1,153$177
41 years$8,441$5,247$3,146$1,833$1,046$152
42 years$8,148$4,997$2,951$1,692$949$130
43 years$7,869$4,761$2,769$1,562$861$112
44 years$7,604$4,538$2,599$1,442$782$96
45 years$7,351$4,328$2,441$1,332$710$82
46 years$7,110$4,129$2,292$1,230$645$71
47 years$6,880$3,940$2,153$1,137$585$60
48 years$6,660$3,761$2,024$1,050$532$52
49 years$6,450$3,592$1,902$971$483$44
50 years$6,249$3,431$1,788$897$438$38

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 $6,473 every year, while hoping to spend $26,693 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: 80/12/8 Blend
50$6,400,000$6,400,000$6,400,000$6,400,000
51$7,059,477$6,720,277$6,621,077$7,616,412
52$7,751,142$7,021,169$6,814,482$8,283,214
53$8,512,463$7,335,911$7,013,471$9,010,547
54$9,350,516$7,665,152$7,218,204$9,807,830
55$10,273,098$8,009,574$7,428,843$10,682,035
56$11,288,802$8,369,891$7,645,557$11,640,843
57$12,407,094$8,746,850$7,868,518$12,692,707
58$13,638,408$9,141,236$8,097,904$13,846,938
59$14,994,238$9,553,869$8,333,896$15,113,789
60$16,487,251$9,985,610$8,576,682$16,504,551
61$18,131,405$10,437,359$8,826,456$18,031,658
62$19,942,080$10,910,061$9,083,414$19,708,805
63$21,936,224$11,404,706$9,347,760$21,551,074
64$24,132,513$11,922,330$9,619,703$23,575,078
65$26,551,524$12,464,019$9,899,459$25,799,114
66$29,215,936$13,030,913$10,187,247$28,243,335
67$32,150,737$13,624,203$10,483,295$30,929,941
68$35,383,463$14,245,140$10,787,837$33,883,384
69$38,944,458$14,895,033$11,101,110$37,130,599
70$42,867,159$15,575,255$11,423,363$40,701,259
71$47,188,411$16,287,245$11,754,848$44,628,048
72$51,948,818$17,032,510$12,095,825$48,946,975
73$57,193,124$17,812,629$12,446,561$53,697,705
74$62,970,632$18,629,257$12,807,331$58,923,937
75$69,335,677$19,484,131$13,178,417$64,673,812
76$76,348,130$20,379,068$13,560,108$71,000,369
77$84,073,970$21,315,973$13,952,702$77,962,037
78$92,585,904$22,296,844$14,356,506$85,623,191
79$101,964,051$23,323,774$14,771,834$94,054,755
80$112,296,702$24,398,957$15,199,008$103,334,869
81$123,681,151$25,524,692$15,638,361$113,549,625
82$136,224,615$26,703,388$16,090,233$124,793,877
83$150,045,244$27,937,573$16,554,974$137,172,132
84$165,273,238$29,229,892$17,032,944$150,799,537
85$182,052,073$30,583,122$17,524,512$165,802,963
86$200,539,859$32,000,170$18,030,059$182,322,197
87$220,910,832$33,484,085$18,549,973$200,511,260
88$243,356,995$35,038,064$19,084,655$220,539,858
89$268,089,935$36,665,455$19,634,517$242,594,983
90$295,342,815$38,369,770$20,199,981$266,882,668
91$325,372,583$40,154,688$20,781,480$293,629,937
92$358,462,388$42,024,070$21,379,461$323,086,938
93$394,924,259$43,981,957$21,994,381$355,529,304
94$435,102,051$46,032,591$22,626,711$391,260,747
95$479,374,687$48,180,414$23,276,932$430,615,928
96$528,159,736$50,430,086$23,945,540$473,963,603
97$581,917,359$52,786,489$24,633,046$521,710,106
98$641,154,647$55,254,745$25,339,970$574,303,177
99$706,430,413$57,840,219$26,066,851$632,236,186
100$778,360,463$60,548,538$26,814,239$696,052,782