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%16.8%
1 years$528,506$523,798$519,205$514,722$510,345$496,197
2 years$261,637$256,764$252,041$247,463$243,021$228,873
3 years$172,692$167,798$163,088$158,552$154,183$140,477
4 years$128,228$123,349$118,686$114,228$109,964$96,807
5 years$101,557$96,707$92,105$87,738$83,593$71,020
6 years$83,782$78,969$74,435$70,165$66,144$54,167
7 years$71,090$66,318$61,856$57,686$53,793$42,412
8 years$61,576$56,847$52,458$48,392$44,627$33,835
9 years$54,180$49,495$45,182$41,219$37,582$27,371
10 years$48,267$43,628$39,391$35,531$32,022$22,377
11 years$43,432$38,839$34,679$30,923$27,540$18,446
12 years$39,405$34,860$30,777$27,123$23,865$15,306
13 years$36,001$31,503$27,497$23,946$20,811$12,767
14 years$33,086$28,636$24,706$21,256$18,243$10,695
15 years$30,561$26,159$22,306$18,957$16,062$8,991
16 years$28,354$24,000$20,224$16,974$14,196$7,580
17 years$26,409$22,104$18,403$15,251$12,587$6,406
18 years$24,682$20,425$16,800$13,744$11,192$5,425
19 years$23,139$18,929$15,379$12,419$9,976$4,601
20 years$21,752$17,590$14,114$11,248$8,910$3,908
21 years$20,498$16,384$12,982$10,208$7,974$3,324
22 years$19,360$15,294$11,965$9,282$7,147$2,830
23 years$18,322$14,304$11,048$8,453$6,416$2,411
24 years$17,373$13,402$10,217$7,709$5,767$2,055
25 years$16,500$12,577$9,463$7,041$5,189$1,754
26 years$15,696$11,821$8,777$6,438$4,674$1,497
27 years$14,953$11,125$8,150$5,893$4,214$1,278
28 years$14,264$10,483$7,577$5,399$3,803$1,092
29 years$13,624$9,889$7,051$4,951$3,434$933
30 years$13,028$9,339$6,567$4,544$3,103$798
31 years$12,471$8,829$6,123$4,173$2,805$682
32 years$11,950$8,354$5,712$3,835$2,537$583
33 years$11,461$7,911$5,334$3,527$2,296$499
34 years$11,003$7,498$4,984$3,245$2,079$427
35 years$10,571$7,112$4,659$2,987$1,883$365
36 years$10,165$6,750$4,359$2,751$1,706$312
37 years$9,781$6,411$4,080$2,535$1,546$267
38 years$9,418$6,093$3,820$2,336$1,402$229
39 years$9,075$5,794$3,579$2,154$1,271$196
40 years$8,750$5,512$3,355$1,987$1,153$168
41 years$8,441$5,247$3,146$1,833$1,046$143
42 years$8,148$4,997$2,951$1,692$949$123
43 years$7,869$4,761$2,769$1,562$861$105
44 years$7,604$4,538$2,599$1,442$782$90
45 years$7,351$4,328$2,441$1,332$710$77
46 years$7,110$4,129$2,292$1,230$645$66
47 years$6,880$3,940$2,153$1,137$585$56
48 years$6,660$3,761$2,024$1,050$532$48
49 years$6,450$3,592$1,902$971$483$41
50 years$6,249$3,431$1,788$897$438$35

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 $3,667 every year, while hoping to spend $33,743 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: 37/36/27 Blend
50$6,400,000$6,400,000$6,400,000$6,400,000
51$7,056,583$6,717,383$6,618,183$7,260,530
52$7,740,452$7,010,632$6,803,989$7,704,519
53$8,492,944$7,317,120$6,994,890$8,180,425
54$9,321,025$7,637,459$7,191,019$8,693,844
55$10,232,367$7,972,291$7,392,515$9,248,184
56$11,235,424$8,322,289$7,599,520$9,847,188
57$12,339,512$8,688,157$7,812,179$10,494,959
58$13,554,897$9,070,631$8,030,642$11,196,004
59$14,892,890$9,470,485$8,255,061$11,955,268
60$16,365,952$9,888,526$8,485,593$12,778,183
61$17,987,817$10,325,602$8,722,399$13,670,712
62$19,773,617$10,782,600$8,965,642$14,639,407
63$21,740,027$11,260,448$9,215,492$15,691,465
64$23,905,420$11,760,120$9,472,121$16,834,792
65$26,290,042$12,282,635$9,735,707$18,078,078
66$28,916,204$12,829,061$10,006,430$19,430,874
67$31,808,487$13,400,516$10,284,476$20,903,678
68$34,993,983$13,998,172$10,570,036$22,508,031
69$38,502,542$14,623,255$10,863,305$24,256,622
70$42,367,058$15,277,051$11,164,482$26,163,405
71$46,623,778$15,960,906$11,473,772$28,243,724
72$51,312,645$16,676,232$11,791,385$30,514,458
73$56,477,673$17,424,506$12,117,535$32,994,171
74$62,167,365$18,207,276$12,452,442$35,703,285
75$68,435,169$19,026,165$12,796,331$38,664,269
76$75,339,980$19,882,871$13,149,432$41,901,843
77$82,946,701$20,779,175$13,511,981$45,443,209
78$91,326,852$21,716,942$13,884,221$49,318,300
79$100,559,246$22,698,127$14,266,397$53,560,058
80$110,730,731$23,724,778$14,658,763$58,204,740
81$121,937,013$24,799,039$15,061,578$63,292,250
82$134,283,555$25,923,159$15,475,108$68,866,515
83$147,886,577$27,099,493$15,899,624$74,975,885
84$162,874,149$28,330,509$16,335,403$81,673,592
85$179,387,403$29,618,795$16,782,729$89,018,235
86$197,581,862$30,967,059$17,241,894$97,074,332
87$217,628,909$32,378,142$17,713,194$105,912,920
88$239,717,406$33,855,020$18,196,935$115,612,213
89$264,055,476$35,400,810$18,693,427$126,258,336
90$290,872,466$37,018,781$19,202,988$137,946,126
91$320,421,114$38,712,358$19,725,945$150,780,019
92$352,979,933$40,485,130$20,262,630$164,875,025
93$388,855,842$42,340,856$20,813,384$180,357,802
94$428,387,060$44,283,481$21,378,554$197,367,841
95$471,946,302$46,317,133$21,958,497$216,058,773
96$519,944,295$48,446,143$22,553,577$236,599,805
97$572,833,657$50,675,047$23,164,166$259,177,304
98$631,113,167$53,008,602$23,790,643$283,996,544
99$695,332,478$55,451,791$24,433,397$311,283,632
100$766,097,300$58,009,838$25,092,825$341,287,625