Can I retire at age 51 with 6,500,000?

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 $6,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$536,764$531,983$527,318$522,765$518,319$514,837
2 years$265,725$260,776$255,980$251,329$246,819$243,307
3 years$175,390$170,420$165,636$161,029$156,592$153,159
4 years$130,232$125,277$120,540$116,012$111,683$108,355
5 years$103,144$98,218$93,544$89,109$84,899$81,687
6 years$85,091$80,203$75,598$71,261$67,178$64,085
7 years$72,201$67,354$62,822$58,588$54,634$51,662
8 years$62,538$57,735$53,278$49,148$45,324$42,473
9 years$55,027$50,269$45,888$41,863$38,169$35,438
10 years$49,021$44,309$40,007$36,086$32,522$29,910
11 years$44,110$39,446$35,221$31,406$27,970$25,475
12 years$40,021$35,405$31,258$27,547$24,238$21,858
13 years$36,563$31,995$27,927$24,320$21,136$18,868
14 years$33,602$29,083$25,092$21,589$18,528$16,369
15 years$31,039$26,568$22,655$19,253$16,313$14,262
16 years$28,797$24,375$20,540$17,239$14,418$12,470
17 years$26,822$22,449$18,691$15,489$12,784$10,936
18 years$25,068$20,744$17,062$13,959$11,367$9,616
19 years$23,500$19,225$15,620$12,613$10,132$8,475
20 years$22,091$17,865$14,335$11,424$9,050$7,484
21 years$20,818$16,640$13,185$10,368$8,098$6,620
22 years$19,662$15,533$12,152$9,427$7,259$5,864
23 years$18,609$14,528$11,221$8,585$6,516$5,201
24 years$17,644$13,612$10,377$7,830$5,857$4,619
25 years$16,758$12,774$9,611$7,151$5,270$4,106
26 years$15,941$12,005$8,914$6,538$4,747$3,653
27 years$15,187$11,299$8,277$5,985$4,280$3,253
28 years$14,487$10,647$7,695$5,483$3,862$2,898
29 years$13,837$10,044$7,161$5,028$3,487$2,584
30 years$13,231$9,485$6,670$4,615$3,151$2,305
31 years$12,666$8,967$6,218$4,238$2,849$2,057
32 years$12,137$8,484$5,802$3,895$2,577$1,837
33 years$11,641$8,035$5,417$3,582$2,332$1,641
34 years$11,175$7,615$5,061$3,296$2,111$1,466
35 years$10,736$7,223$4,732$3,034$1,912$1,310
36 years$10,324$6,856$4,427$2,794$1,733$1,171
37 years$9,934$6,511$4,143$2,574$1,570$1,047
38 years$9,565$6,188$3,880$2,373$1,424$937
39 years$9,217$5,884$3,635$2,188$1,291$838
40 years$8,887$5,598$3,407$2,018$1,171$750
41 years$8,573$5,329$3,195$1,862$1,062$671
42 years$8,275$5,075$2,997$1,718$964$601
43 years$7,992$4,836$2,812$1,586$875$538
44 years$7,723$4,609$2,640$1,465$794$481
45 years$7,466$4,395$2,479$1,353$721$431
46 years$7,221$4,193$2,328$1,249$655$386
47 years$6,988$4,002$2,187$1,154$594$345
48 years$6,764$3,820$2,055$1,067$540$309
49 years$6,551$3,648$1,932$986$490$277
50 years$6,346$3,485$1,816$911$445$248

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $6,500,000, adding $2,739 every year, while hoping to spend $28,939 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: 29/42/29 Blend
50$6,500,000$6,500,000$6,500,000$6,500,000
51$7,165,825$6,821,325$6,720,575$7,309,482
52$7,865,949$7,124,779$6,914,924$7,727,185
53$8,636,515$7,442,133$7,114,813$8,173,230
54$9,484,678$7,774,036$7,320,398$8,652,193
55$10,418,322$8,121,171$7,531,838$9,166,941
56$11,446,133$8,484,250$7,749,297$9,720,614
57$12,577,683$8,864,023$7,972,942$10,316,650
58$13,823,518$9,261,271$8,202,948$10,958,818
59$15,195,260$9,676,817$8,439,490$11,651,246
60$16,705,715$10,111,520$8,682,751$12,398,459
61$18,368,993$10,566,279$8,932,918$13,205,421
62$20,200,643$11,042,040$9,190,184$14,077,574
63$22,217,800$11,539,790$9,454,746$15,020,888
64$24,439,341$12,060,566$9,726,806$16,041,914
65$26,886,073$12,605,453$10,006,573$17,147,841
66$29,580,920$13,175,588$10,294,261$18,346,561
67$32,549,144$13,772,162$10,590,089$19,646,738
68$35,818,582$14,396,423$10,894,282$21,057,887
69$39,419,910$15,049,681$11,207,073$22,590,455
70$43,386,931$15,733,304$11,528,700$24,255,921
71$47,756,892$16,448,731$11,859,406$26,066,894
72$52,570,841$17,197,464$12,199,441$28,037,232
73$57,874,009$17,981,082$12,549,065$30,182,160
74$63,716,240$18,801,238$12,908,541$32,518,416
75$70,152,460$19,659,661$13,278,140$35,064,397
76$77,243,194$20,558,169$13,658,142$37,840,329
77$85,055,142$21,498,661$14,048,832$40,868,451
78$93,661,803$22,483,131$14,450,503$44,173,219
79$103,144,170$23,513,668$14,863,459$47,781,527
80$113,591,499$24,592,461$15,288,008$51,722,956
81$125,102,143$25,721,803$15,724,468$56,030,046
82$137,784,489$26,904,099$16,173,165$60,738,590
83$151,757,975$28,141,868$16,634,434$65,887,969
84$167,154,220$29,437,751$17,108,619$71,521,513
85$184,118,265$30,794,515$17,596,072$77,686,900
86$202,809,943$32,215,062$18,097,156$84,436,595
87$223,405,389$33,702,431$18,612,242$91,828,338
88$246,098,698$35,259,810$19,141,712$99,925,678
89$271,103,763$36,890,538$19,685,956$108,798,558
90$298,656,288$38,598,116$20,245,378$118,523,969
91$329,016,020$40,386,214$20,820,388$129,186,660
92$362,469,192$42,258,677$21,411,410$140,879,928
93$399,331,235$44,219,538$22,018,877$153,706,483
94$439,949,747$46,273,021$22,643,236$167,779,408
95$484,707,780$48,423,557$23,284,942$183,223,205
96$534,027,451$50,675,789$23,944,465$200,174,963
97$588,373,932$53,034,584$24,622,286$218,785,630
98$648,259,838$55,505,043$25,318,897$239,221,422
99$714,250,067$58,092,516$26,034,806$261,665,379
100$786,967,132$60,802,608$26,770,531$286,319,068