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%13%
1 years$536,764$531,983$527,318$522,765$518,319$511,842
2 years$265,725$260,776$255,980$251,329$246,819$240,302
3 years$175,390$170,420$165,636$161,029$156,592$150,237
4 years$130,232$125,277$120,540$116,012$111,683$105,539
5 years$103,144$98,218$93,544$89,109$84,899$78,985
6 years$85,091$80,203$75,598$71,261$67,178$61,499
7 years$72,201$67,354$62,822$58,588$54,634$49,194
8 years$62,538$57,735$53,278$49,148$45,324$40,122
9 years$55,027$50,269$45,888$41,863$38,169$33,203
10 years$49,021$44,309$40,007$36,086$32,522$27,788
11 years$44,110$39,446$35,221$31,406$27,970$23,464
12 years$40,021$35,405$31,258$27,547$24,238$19,955
13 years$36,563$31,995$27,927$24,320$21,136$17,070
14 years$33,602$29,083$25,092$21,589$18,528$14,673
15 years$31,039$26,568$22,655$19,253$16,313$12,664
16 years$28,797$24,375$20,540$17,239$14,418$10,967
17 years$26,822$22,449$18,691$15,489$12,784$9,525
18 years$25,068$20,744$17,062$13,959$11,367$8,292
19 years$23,500$19,225$15,620$12,613$10,132$7,235
20 years$22,091$17,865$14,335$11,424$9,050$6,323
21 years$20,818$16,640$13,185$10,368$8,098$5,535
22 years$19,662$15,533$12,152$9,427$7,259$4,852
23 years$18,609$14,528$11,221$8,585$6,516$4,258
24 years$17,644$13,612$10,377$7,830$5,857$3,741
25 years$16,758$12,774$9,611$7,151$5,270$3,289
26 years$15,941$12,005$8,914$6,538$4,747$2,894
27 years$15,187$11,299$8,277$5,985$4,280$2,548
28 years$14,487$10,647$7,695$5,483$3,862$2,245
29 years$13,837$10,044$7,161$5,028$3,487$1,979
30 years$13,231$9,485$6,670$4,615$3,151$1,746
31 years$12,666$8,967$6,218$4,238$2,849$1,540
32 years$12,137$8,484$5,802$3,895$2,577$1,359
33 years$11,641$8,035$5,417$3,582$2,332$1,200
34 years$11,175$7,615$5,061$3,296$2,111$1,060
35 years$10,736$7,223$4,732$3,034$1,912$936
36 years$10,324$6,856$4,427$2,794$1,733$827
37 years$9,934$6,511$4,143$2,574$1,570$731
38 years$9,565$6,188$3,880$2,373$1,424$646
39 years$9,217$5,884$3,635$2,188$1,291$571
40 years$8,887$5,598$3,407$2,018$1,171$505
41 years$8,573$5,329$3,195$1,862$1,062$446
42 years$8,275$5,075$2,997$1,718$964$395
43 years$7,992$4,836$2,812$1,586$875$349
44 years$7,723$4,609$2,640$1,465$794$309
45 years$7,466$4,395$2,479$1,353$721$273
46 years$7,221$4,193$2,328$1,249$655$242
47 years$6,988$4,002$2,187$1,154$594$214
48 years$6,764$3,820$2,055$1,067$540$189
49 years$6,551$3,648$1,932$986$490$167
50 years$6,346$3,485$1,816$911$445$148

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 $2,611 every year, while hoping to spend $49,781 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: 71/18/11 Blend
50$6,500,000$6,500,000$6,500,000$6,500,000
51$7,165,693$6,821,193$6,720,443$7,658,344
52$7,843,627$7,102,465$6,892,611$8,266,183
53$8,589,042$7,395,851$7,068,879$8,924,988
54$9,408,769$7,701,892$7,249,330$9,644,806
55$10,310,332$8,021,153$7,434,052$10,431,641
56$11,302,023$8,354,227$7,623,130$11,292,102
57$12,392,978$8,701,733$7,816,654$12,233,464
58$13,593,263$9,064,318$8,014,712$13,263,736
59$14,913,966$9,442,661$8,217,396$14,391,732
60$16,367,308$9,837,469$8,424,796$15,627,158
61$17,966,753$10,249,484$8,637,006$16,980,699
62$19,727,136$10,679,483$8,854,120$18,464,120
63$21,664,803$11,128,276$9,076,232$20,090,374
64$23,797,765$11,596,714$9,303,437$21,873,726
65$26,145,868$12,085,684$9,535,834$23,829,882
66$28,730,981$12,596,117$9,773,518$25,976,139
67$31,577,199$13,128,985$10,016,590$28,331,546
68$34,711,075$13,685,307$10,265,148$30,917,081
69$38,161,867$14,266,149$10,519,292$33,755,849
70$41,961,812$14,872,625$10,779,122$36,873,295
71$46,146,435$15,505,902$11,044,742$40,297,449
72$50,754,883$16,167,203$11,316,252$44,059,179
73$55,830,290$16,857,805$11,593,755$48,192,490
74$61,420,188$17,579,046$11,877,355$52,734,835
75$67,576,955$18,332,327$12,167,154$57,727,474
76$74,358,307$19,119,114$12,463,257$63,215,852
77$81,827,845$19,940,941$12,765,766$69,250,035
78$90,055,654$20,799,415$13,074,787$75,885,172
79$99,118,961$21,696,217$13,390,424$83,182,020
80$109,102,872$22,633,108$13,712,779$91,207,509
81$120,101,165$23,611,931$14,041,958$100,035,375
82$132,217,183$24,634,615$14,378,063$109,746,852
83$145,564,804$25,703,179$14,721,196$120,431,432
84$160,269,519$26,819,740$15,071,461$132,187,715
85$176,469,614$27,986,511$15,428,959$145,124,327
86$194,317,475$29,205,811$15,793,789$159,360,949
87$213,981,029$30,480,067$16,166,053$175,029,439
88$235,645,325$31,811,821$16,545,847$192,275,076
89$259,514,284$33,203,736$16,933,268$211,257,925
90$285,812,620$34,658,599$17,328,412$232,154,345
91$314,787,965$36,179,327$17,731,372$255,158,649
92$346,713,202$37,768,980$18,142,238$280,484,935
93$381,889,045$39,430,756$18,561,099$308,369,103
94$420,646,873$41,168,009$18,988,041$339,071,073
95$463,351,862$42,984,249$19,423,149$372,877,240
96$510,406,429$44,883,154$19,866,501$410,103,165
97$562,254,030$46,868,574$20,318,174$451,096,556
98$619,383,351$48,944,544$20,778,243$496,240,538
99$682,332,914$51,115,287$21,246,775$545,957,270
100$751,696,164$53,385,230$21,723,835$600,711,919