Can I retire at age 51 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$545,022$540,167$535,431$530,807$526,293$513,362
2 years$269,813$264,788$259,918$255,196$250,616$237,668
3 years$178,088$173,042$168,184$163,506$159,001$146,441
4 years$132,235$127,204$122,395$117,797$113,401$101,325
5 years$104,731$99,729$94,983$90,480$86,206$74,648
6 years$86,400$81,437$76,761$72,357$68,211$57,183
7 years$73,312$68,390$63,789$59,489$55,474$44,977
8 years$63,500$58,623$54,098$49,904$46,021$36,050
9 years$55,873$51,042$46,594$42,507$38,757$29,304
10 years$49,775$44,991$40,622$36,641$33,022$24,077
11 years$44,789$40,053$35,763$31,889$28,400$19,950
12 years$40,637$35,949$31,739$27,971$24,611$16,640
13 years$37,126$32,488$28,356$24,694$21,461$13,955
14 years$34,119$29,530$25,478$21,921$18,813$11,755
15 years$31,516$26,977$23,004$19,549$16,564$9,937
16 years$29,240$24,750$20,856$17,504$14,640$8,426
17 years$27,235$22,794$18,978$15,728$12,981$7,163
18 years$25,454$21,063$17,325$14,174$11,542$6,101
19 years$23,862$19,521$15,860$12,807$10,287$5,206
20 years$22,431$18,140$14,555$11,599$9,189$4,449
21 years$21,139$16,896$13,388$10,527$8,223$3,807
22 years$19,965$15,772$12,339$9,572$7,371$3,261
23 years$18,895$14,751$11,393$8,717$6,616$2,796
24 years$17,915$13,821$10,537$7,950$5,947$2,399
25 years$17,016$12,970$9,759$7,261$5,351$2,060
26 years$16,187$12,190$9,051$6,639$4,820$1,770
27 years$15,420$11,472$8,405$6,077$4,346$1,521
28 years$14,710$10,810$7,813$5,568$3,921$1,308
29 years$14,050$10,198$7,271$5,106$3,541$1,125
30 years$13,435$9,631$6,773$4,686$3,199$968
31 years$12,861$9,105$6,314$4,303$2,893$833
32 years$12,323$8,615$5,891$3,955$2,617$717
33 years$11,820$8,158$5,500$3,637$2,368$618
34 years$11,347$7,732$5,139$3,346$2,144$532
35 years$10,902$7,334$4,805$3,080$1,942$458
36 years$10,482$6,961$4,495$2,837$1,759$395
37 years$10,087$6,611$4,207$2,614$1,595$340
38 years$9,713$6,283$3,940$2,409$1,446$293
39 years$9,359$5,975$3,691$2,221$1,311$252
40 years$9,023$5,684$3,460$2,049$1,189$217
41 years$8,705$5,411$3,244$1,890$1,079$187
42 years$8,403$5,153$3,043$1,745$979$161
43 years$8,115$4,910$2,856$1,611$888$139
44 years$7,842$4,680$2,680$1,487$806$120
45 years$7,581$4,463$2,517$1,373$732$103
46 years$7,332$4,258$2,364$1,269$665$89
47 years$7,095$4,063$2,221$1,172$604$77
48 years$6,868$3,879$2,087$1,083$548$66
49 years$6,651$3,704$1,962$1,001$498$57
50 years$6,444$3,538$1,844$925$452$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $6,600,000, adding $3,034 every year, while hoping to spend $54,895 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: 62/19/19 Blend
50$6,600,000$6,600,000$6,600,000$6,600,000
51$7,276,330$6,926,530$6,824,230$7,691,799
52$7,960,107$7,207,522$6,994,433$8,253,266
53$8,711,791$7,500,443$7,168,499$8,859,554
54$9,538,248$7,805,819$7,346,498$9,520,189
55$10,447,046$8,124,201$7,528,503$10,240,467
56$11,446,522$8,456,164$7,714,586$11,026,213
57$12,545,862$8,802,311$7,904,819$11,883,836
58$13,755,187$9,163,271$8,099,277$12,820,392
59$15,085,646$9,539,701$8,298,033$13,843,645
60$16,549,526$9,932,291$8,501,161$14,962,141
61$18,160,364$10,341,759$8,708,736$16,185,287
62$19,933,075$10,768,860$8,920,833$17,523,440
63$21,884,094$11,214,379$9,137,526$18,988,000
64$24,031,529$11,679,141$9,358,891$20,591,517
65$26,395,333$12,164,007$9,585,001$22,347,812
66$28,997,491$12,669,878$9,815,933$24,272,100
67$31,862,230$13,197,696$10,051,762$26,381,136
68$35,016,242$13,748,447$10,292,560$28,693,369
69$38,488,941$14,323,164$10,538,403$31,229,117
70$42,312,738$14,922,925$10,789,365$34,010,752
71$46,523,348$15,548,858$11,045,519$37,062,917
72$51,160,123$16,202,145$11,306,938$40,412,749
73$56,266,428$16,884,023$11,573,692$44,090,137
74$61,890,047$17,595,784$11,845,855$48,128,002
75$68,083,635$18,338,780$12,123,494$52,562,602
76$74,905,215$19,114,429$12,406,680$57,433,876
77$82,418,722$19,924,212$12,695,480$62,785,819
78$90,694,613$20,769,680$12,989,959$68,666,889
79$99,810,524$21,652,454$13,290,183$75,130,468
80$109,852,006$22,574,234$13,596,213$82,235,360
81$120,913,336$23,536,796$13,908,112$90,046,343
82$133,098,399$24,542,001$14,225,936$98,634,779
83$146,521,672$25,591,797$14,549,742$108,079,284
84$161,309,308$26,688,220$14,879,583$118,466,465
85$177,600,319$27,833,404$15,215,511$129,891,739
86$195,547,894$29,029,583$15,557,572$142,460,222
87$215,320,839$30,279,093$15,905,811$156,287,728
88$237,105,178$31,584,381$16,260,269$171,501,850
89$261,105,899$32,948,009$16,620,981$188,243,162
90$287,548,899$34,372,659$16,987,982$206,666,547
91$316,683,105$35,861,138$17,361,298$226,942,649
92$348,782,833$37,416,386$17,740,953$249,259,482
93$384,150,372$39,041,479$18,126,965$273,824,198
94$423,118,839$40,739,640$18,519,347$300,865,041
95$466,055,320$42,514,242$18,918,105$330,633,495
96$513,364,341$44,368,818$19,323,239$363,406,651
97$565,491,680$46,307,067$19,734,745$399,489,820
98$622,928,580$48,332,861$20,152,607$439,219,409
99$686,216,381$50,450,257$20,576,805$482,966,086
100$755,951,634$52,663,502$21,007,310$531,138,282