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%11.5%
1 years$545,022$540,167$535,431$530,807$526,293$522,976
2 years$269,813$264,788$259,918$255,196$250,616$247,270
3 years$178,088$173,042$168,184$163,506$159,001$155,730
4 years$132,235$127,204$122,395$117,797$113,401$110,230
5 years$104,731$99,729$94,983$90,480$86,206$83,144
6 years$86,400$81,437$76,761$72,357$68,211$65,263
7 years$73,312$68,390$63,789$59,489$55,474$52,640
8 years$63,500$58,623$54,098$49,904$46,021$43,302
9 years$55,873$51,042$46,594$42,507$38,757$36,151
10 years$49,775$44,991$40,622$36,641$33,022$30,530
11 years$44,789$40,053$35,763$31,889$28,400$26,019
12 years$40,637$35,949$31,739$27,971$24,611$22,339
13 years$37,126$32,488$28,356$24,694$21,461$19,295
14 years$34,119$29,530$25,478$21,921$18,813$16,751
15 years$31,516$26,977$23,004$19,549$16,564$14,604
16 years$29,240$24,750$20,856$17,504$14,640$12,778
17 years$27,235$22,794$18,978$15,728$12,981$11,214
18 years$25,454$21,063$17,325$14,174$11,542$9,868
19 years$23,862$19,521$15,860$12,807$10,287$8,703
20 years$22,431$18,140$14,555$11,599$9,189$7,690
21 years$21,139$16,896$13,388$10,527$8,223$6,807
22 years$19,965$15,772$12,339$9,572$7,371$6,035
23 years$18,895$14,751$11,393$8,717$6,616$5,357
24 years$17,915$13,821$10,537$7,950$5,947$4,761
25 years$17,016$12,970$9,759$7,261$5,351$4,235
26 years$16,187$12,190$9,051$6,639$4,820$3,771
27 years$15,420$11,472$8,405$6,077$4,346$3,360
28 years$14,710$10,810$7,813$5,568$3,921$2,996
29 years$14,050$10,198$7,271$5,106$3,541$2,674
30 years$13,435$9,631$6,773$4,686$3,199$2,387
31 years$12,861$9,105$6,314$4,303$2,893$2,132
32 years$12,323$8,615$5,891$3,955$2,617$1,905
33 years$11,820$8,158$5,500$3,637$2,368$1,703
34 years$11,347$7,732$5,139$3,346$2,144$1,523
35 years$10,902$7,334$4,805$3,080$1,942$1,362
36 years$10,482$6,961$4,495$2,837$1,759$1,219
37 years$10,087$6,611$4,207$2,614$1,595$1,091
38 years$9,713$6,283$3,940$2,409$1,446$977
39 years$9,359$5,975$3,691$2,221$1,311$874
40 years$9,023$5,684$3,460$2,049$1,189$783
41 years$8,705$5,411$3,244$1,890$1,079$701
42 years$8,403$5,153$3,043$1,745$979$628
43 years$8,115$4,910$2,856$1,611$888$563
44 years$7,842$4,680$2,680$1,487$806$504
45 years$7,581$4,463$2,517$1,373$732$452
46 years$7,332$4,258$2,364$1,269$665$405
47 years$7,095$4,063$2,221$1,172$604$363
48 years$6,868$3,879$2,087$1,083$548$325
49 years$6,651$3,704$1,962$1,001$498$292
50 years$6,444$3,538$1,844$925$452$261

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 $6,513 every year, while hoping to spend $23,573 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: 57/25/18 Blend
50$6,600,000$6,600,000$6,600,000$6,600,000
51$7,279,918$6,930,118$6,827,818$7,659,897
52$7,997,388$7,244,612$7,031,469$8,233,360
53$8,787,250$7,573,727$7,241,151$8,854,882
54$9,656,863$7,918,153$7,457,043$9,531,671
55$10,614,336$8,278,615$7,679,327$10,269,045
56$11,668,604$8,655,873$7,908,190$11,072,850
57$12,829,513$9,050,722$8,143,826$11,949,517
58$14,107,913$9,463,997$8,386,433$12,906,114
59$15,515,757$9,896,570$8,636,216$13,950,419
60$17,066,219$10,349,357$8,893,384$15,090,987
61$18,773,817$10,823,318$9,158,156$16,337,226
62$20,654,544$11,319,459$9,430,752$17,699,490
63$22,726,029$11,838,834$9,711,403$19,189,170
64$25,007,694$12,382,547$10,000,345$20,818,801
65$27,520,942$12,951,755$10,297,820$22,602,174
66$30,289,359$13,547,672$10,604,079$24,554,471
67$33,338,935$14,171,570$10,919,377$26,692,397
68$36,698,310$14,824,780$11,243,979$29,034,341
69$40,399,044$15,508,700$11,578,158$31,600,544
70$44,475,913$16,224,793$11,922,194$34,413,288
71$48,967,243$16,974,595$12,276,374$37,497,100
72$53,915,264$17,759,712$12,640,994$40,878,987
73$59,366,514$18,581,831$13,016,361$44,588,677
74$65,372,276$19,442,718$13,402,787$48,658,907
75$71,989,063$20,344,226$13,800,595$53,125,720
76$79,279,150$21,288,296$14,210,117$58,028,803
77$87,311,162$22,276,961$14,631,695$63,411,863
78$96,160,724$23,312,356$15,065,680$69,323,024
79$105,911,172$24,396,716$15,512,435$75,815,289
80$116,654,341$25,532,384$15,972,330$82,947,025
81$128,491,429$26,721,816$16,445,749$90,782,517
82$141,533,959$27,967,589$16,933,086$99,392,563
83$155,904,824$29,272,402$17,434,745$108,855,142
84$171,739,450$30,639,084$17,951,143$119,256,140
85$189,187,077$32,070,602$18,482,709$130,690,158
86$208,412,163$33,570,065$19,029,884$143,261,397
87$229,595,940$35,140,735$19,593,122$157,084,635
88$252,938,123$36,786,028$20,172,888$172,286,305
89$278,658,795$38,509,527$20,769,664$189,005,678
90$307,000,487$40,314,989$21,383,943$207,396,175
91$338,230,464$42,206,351$22,016,232$227,626,804
92$372,643,251$44,187,742$22,667,056$249,883,747
93$410,563,410$46,263,489$23,336,950$274,372,109
94$452,348,608$48,438,130$24,026,467$301,317,849
95$498,392,990$50,716,421$24,736,177$330,969,898
96$549,130,900$53,103,351$25,466,665$363,602,503
97$605,040,984$55,604,148$26,218,531$399,517,804
98$666,650,708$58,224,294$26,992,394$439,048,674
99$734,541,332$60,969,537$27,788,892$482,561,855
100$809,353,407$63,845,903$28,608,678$530,461,403