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%15.9%
1 years$536,764$531,983$527,318$522,765$518,319$505,789
2 years$265,725$260,776$255,980$251,329$246,819$234,270
3 years$175,390$170,420$165,636$161,029$156,592$144,417
4 years$130,232$125,277$120,540$116,012$111,683$99,975
5 years$103,144$98,218$93,544$89,109$84,899$73,692
6 years$85,091$80,203$75,598$71,261$67,178$56,482
7 years$72,201$67,354$62,822$58,588$54,634$44,451
8 years$62,538$57,735$53,278$49,148$45,324$35,649
9 years$55,027$50,269$45,888$41,863$38,169$28,995
10 years$49,021$44,309$40,007$36,086$32,522$23,839
11 years$44,110$39,446$35,221$31,406$27,970$19,764
12 years$40,021$35,405$31,258$27,547$24,238$16,497
13 years$36,563$31,995$27,927$24,320$21,136$13,844
14 years$33,602$29,083$25,092$21,589$18,528$11,669
15 years$31,039$26,568$22,655$19,253$16,313$9,872
16 years$28,797$24,375$20,540$17,239$14,418$8,377
17 years$26,822$22,449$18,691$15,489$12,784$7,126
18 years$25,068$20,744$17,062$13,959$11,367$6,074
19 years$23,500$19,225$15,620$12,613$10,132$5,187
20 years$22,091$17,865$14,335$11,424$9,050$4,436
21 years$20,818$16,640$13,185$10,368$8,098$3,799
22 years$19,662$15,533$12,152$9,427$7,259$3,257
23 years$18,609$14,528$11,221$8,585$6,516$2,794
24 years$17,644$13,612$10,377$7,830$5,857$2,400
25 years$16,758$12,774$9,611$7,151$5,270$2,062
26 years$15,941$12,005$8,914$6,538$4,747$1,773
27 years$15,187$11,299$8,277$5,985$4,280$1,525
28 years$14,487$10,647$7,695$5,483$3,862$1,312
29 years$13,837$10,044$7,161$5,028$3,487$1,130
30 years$13,231$9,485$6,670$4,615$3,151$973
31 years$12,666$8,967$6,218$4,238$2,849$838
32 years$12,137$8,484$5,802$3,895$2,577$722
33 years$11,641$8,035$5,417$3,582$2,332$622
34 years$11,175$7,615$5,061$3,296$2,111$536
35 years$10,736$7,223$4,732$3,034$1,912$462
36 years$10,324$6,856$4,427$2,794$1,733$399
37 years$9,934$6,511$4,143$2,574$1,570$344
38 years$9,565$6,188$3,880$2,373$1,424$296
39 years$9,217$5,884$3,635$2,188$1,291$256
40 years$8,887$5,598$3,407$2,018$1,171$220
41 years$8,573$5,329$3,195$1,862$1,062$190
42 years$8,275$5,075$2,997$1,718$964$164
43 years$7,992$4,836$2,812$1,586$875$141
44 years$7,723$4,609$2,640$1,465$794$122
45 years$7,466$4,395$2,479$1,353$721$105
46 years$7,221$4,193$2,328$1,249$655$91
47 years$6,988$4,002$2,187$1,154$594$78
48 years$6,764$3,820$2,055$1,067$540$68
49 years$6,551$3,648$1,932$986$490$58
50 years$6,346$3,485$1,816$911$445$50

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 $4,628 every year, while hoping to spend $49,267 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: 68/27/5 Blend
50$6,500,000$6,500,000$6,500,000$6,500,000
51$7,167,774$6,823,274$6,722,524$7,650,783
52$7,846,467$7,105,194$6,895,309$8,252,965
53$8,592,736$7,399,278$7,072,231$8,904,764
54$9,413,421$7,706,069$7,253,376$9,616,149
55$10,316,058$8,026,135$7,438,833$10,392,933
56$11,308,953$8,360,072$7,628,691$11,241,514
57$12,401,254$8,708,503$7,823,039$12,168,927
58$13,603,041$9,072,079$8,021,970$13,182,916
59$14,925,421$9,451,481$8,225,577$14,292,002
60$16,380,633$9,847,422$8,433,952$15,505,562
61$17,982,160$10,260,649$8,647,192$16,833,918
62$19,744,860$10,691,940$8,865,393$18,288,429
63$21,685,104$11,142,113$9,088,651$19,881,599
64$23,820,930$11,612,022$9,317,066$21,627,193
65$26,172,214$12,102,561$9,550,738$23,540,364
66$28,760,859$12,614,665$9,789,766$25,637,793
67$31,610,996$13,149,313$10,034,253$27,937,849
68$34,749,217$13,707,529$10,284,300$30,460,753
69$38,204,825$14,290,386$10,540,013$33,228,773
70$42,010,108$14,899,006$10,801,493$36,266,427
71$46,200,644$15,534,562$11,068,848$39,600,714
72$50,815,638$16,198,283$11,342,183$43,261,367
73$55,898,291$16,891,457$11,621,604$47,281,129
74$61,496,207$17,615,429$11,907,218$51,696,060
75$67,661,844$18,371,609$12,199,134$56,545,875
76$74,453,006$19,161,472$12,497,459$61,874,313
77$81,933,391$19,986,562$12,802,302$67,729,550
78$90,173,190$20,848,497$13,113,772$74,164,649
79$99,249,749$21,748,968$13,431,978$81,238,055
80$109,248,304$22,689,747$13,757,029$89,014,147
81$120,262,775$23,672,689$14,089,034$97,563,838
82$132,396,664$24,699,736$14,428,102$106,965,243
83$145,764,023$25,772,923$14,774,343$117,304,410
84$160,490,533$26,894,376$15,127,863$128,676,129
85$176,714,693$28,066,326$15,488,772$141,184,822
86$194,589,122$29,291,106$15,857,177$154,945,524
87$214,282,004$30,571,161$16,233,183$170,084,961
88$235,978,670$31,909,050$16,616,896$186,742,745
89$259,883,352$33,307,452$17,008,420$205,072,684
90$286,221,111$34,769,174$17,407,859$225,244,230
91$315,239,955$36,297,154$17,815,313$247,444,068
92$347,213,186$37,894,470$18,230,882$271,877,878
93$382,441,978$39,564,346$18,654,663$298,772,264
94$421,258,218$41,310,157$19,086,752$328,376,891
95$464,027,639$43,135,437$19,527,242$360,966,833
96$511,153,275$45,043,891$19,976,221$396,845,161
97$563,079,263$47,039,396$20,433,779$436,345,795
98$620,295,035$49,126,013$20,899,998$479,836,652
99$683,339,939$51,307,998$21,374,958$527,723,108
100$752,808,330$53,589,807$21,858,736$580,451,815