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%14.8%
1 years$545,022$540,167$535,431$530,807$526,293$515,878
2 years$269,813$264,788$259,918$255,196$250,616$240,167
3 years$178,088$173,042$168,184$163,506$159,001$148,844
4 years$132,235$127,204$122,395$117,797$113,401$103,614
5 years$104,731$99,729$94,983$90,480$86,206$76,816
6 years$86,400$81,437$76,761$72,357$68,211$59,231
7 years$73,312$68,390$63,789$59,489$55,474$46,904
8 years$63,500$58,623$54,098$49,904$46,021$37,858
9 years$55,873$51,042$46,594$42,507$38,757$30,996
10 years$49,775$44,991$40,622$36,641$33,022$25,657
11 years$44,789$40,053$35,763$31,889$28,400$21,422
12 years$40,637$35,949$31,739$27,971$24,611$18,009
13 years$37,126$32,488$28,356$24,694$21,461$15,224
14 years$34,119$29,530$25,478$21,921$18,813$12,929
15 years$31,516$26,977$23,004$19,549$16,564$11,022
16 years$29,240$24,750$20,856$17,504$14,640$9,425
17 years$27,235$22,794$18,978$15,728$12,981$8,082
18 years$25,454$21,063$17,325$14,174$11,542$6,945
19 years$23,862$19,521$15,860$12,807$10,287$5,979
20 years$22,431$18,140$14,555$11,599$9,189$5,156
21 years$21,139$16,896$13,388$10,527$8,223$4,453
22 years$19,965$15,772$12,339$9,572$7,371$3,850
23 years$18,895$14,751$11,393$8,717$6,616$3,332
24 years$17,915$13,821$10,537$7,950$5,947$2,886
25 years$17,016$12,970$9,759$7,261$5,351$2,502
26 years$16,187$12,190$9,051$6,639$4,820$2,170
27 years$15,420$11,472$8,405$6,077$4,346$1,883
28 years$14,710$10,810$7,813$5,568$3,921$1,635
29 years$14,050$10,198$7,271$5,106$3,541$1,421
30 years$13,435$9,631$6,773$4,686$3,199$1,235
31 years$12,861$9,105$6,314$4,303$2,893$1,073
32 years$12,323$8,615$5,891$3,955$2,617$933
33 years$11,820$8,158$5,500$3,637$2,368$812
34 years$11,347$7,732$5,139$3,346$2,144$706
35 years$10,902$7,334$4,805$3,080$1,942$614
36 years$10,482$6,961$4,495$2,837$1,759$534
37 years$10,087$6,611$4,207$2,614$1,595$465
38 years$9,713$6,283$3,940$2,409$1,446$405
39 years$9,359$5,975$3,691$2,221$1,311$352
40 years$9,023$5,684$3,460$2,049$1,189$307
41 years$8,705$5,411$3,244$1,890$1,079$267
42 years$8,403$5,153$3,043$1,745$979$233
43 years$8,115$4,910$2,856$1,611$888$203
44 years$7,842$4,680$2,680$1,487$806$176
45 years$7,581$4,463$2,517$1,373$732$154
46 years$7,332$4,258$2,364$1,269$665$134
47 years$7,095$4,063$2,221$1,172$604$116
48 years$6,868$3,879$2,087$1,083$548$101
49 years$6,651$3,704$1,962$1,001$498$88
50 years$6,444$3,538$1,844$925$452$77

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 $4,857 every year, while hoping to spend $52,124 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: 73/12/15 Blend
50$6,600,000$6,600,000$6,600,000$6,600,000
51$7,278,210$6,928,410$6,826,110$7,784,967
52$7,965,128$7,212,443$6,999,325$8,405,334
53$8,720,364$7,508,646$7,176,596$9,077,808
54$9,550,833$7,817,561$7,358,003$9,813,049
55$10,464,151$8,139,754$7,543,629$10,617,270
56$11,468,710$8,475,817$7,733,556$11,497,308
57$12,573,756$8,826,370$7,927,868$12,460,693
58$13,789,476$9,192,060$8,126,649$13,515,715
59$15,127,096$9,573,564$8,329,986$14,671,502
60$16,598,983$9,971,592$8,537,963$15,938,107
61$18,218,763$10,386,884$8,750,669$17,326,598
62$20,001,451$10,820,215$8,968,190$18,849,166
63$21,963,592$11,272,398$9,190,617$20,519,235
64$24,123,413$11,744,281$9,418,038$22,351,591
65$26,501,002$12,236,751$9,650,542$24,362,519
66$29,118,490$12,750,738$9,888,221$26,569,953
67$32,000,265$13,287,213$10,131,166$28,993,650
68$35,173,199$13,847,193$10,379,467$31,655,369
69$38,666,903$14,431,744$10,633,217$34,579,080
70$42,514,005$15,041,977$10,892,508$37,791,185
71$46,750,459$15,679,059$11,157,432$41,320,769
72$51,415,881$16,344,209$11,428,081$45,199,870
73$56,553,928$17,038,702$11,704,550$49,463,783
74$62,212,706$17,763,875$11,986,929$54,151,390
75$68,445,222$18,521,125$12,275,311$59,305,524
76$75,309,890$19,311,916$12,569,789$64,973,375
77$82,871,076$20,137,777$12,870,455$71,206,931
78$91,199,710$21,000,313$13,177,399$78,063,468
79$100,373,952$21,901,199$13,490,714$85,606,088
80$110,479,931$22,842,194$13,810,488$93,904,314
81$121,612,556$23,825,134$14,136,812$103,034,741
82$133,876,415$24,851,943$14,469,773$113,081,764
83$147,386,758$25,924,637$14,809,459$124,138,363
84$162,270,586$27,045,323$15,155,955$136,306,985
85$178,667,852$28,216,210$15,509,346$149,700,508
86$196,732,778$29,439,609$15,869,714$164,443,301
87$216,635,311$30,717,940$16,237,139$180,672,397
88$238,562,731$32,053,737$16,611,701$198,538,787
89$262,721,411$33,449,652$16,993,475$218,208,837
90$289,338,773$34,908,463$17,382,534$239,865,859
91$318,665,429$36,433,079$17,778,951$263,711,838
92$350,977,549$38,026,546$18,182,791$289,969,337
93$386,579,464$39,692,052$18,594,120$318,883,589
94$425,806,544$41,432,937$19,012,998$350,724,817
95$469,028,359$43,252,699$19,439,481$385,790,775
96$516,652,171$45,155,000$19,873,622$424,409,556
97$569,126,773$47,143,676$20,315,469$466,942,690
98$626,946,731$49,222,743$20,765,065$513,788,547
99$690,657,049$51,396,409$21,222,446$565,386,097
100$760,858,315$53,669,079$21,687,644$622,219,049