Can I retire at age 51 with 6,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$553,280$548,351$543,543$538,850$534,267$523,480
2 years$273,901$268,800$263,856$259,063$254,413$243,592
3 years$180,787$175,664$170,732$165,984$161,410$150,894
4 years$134,239$129,131$124,249$119,582$115,119$104,988
5 years$106,317$101,241$96,423$91,850$87,512$77,794
6 years$87,709$82,671$77,924$73,454$69,245$59,952
7 years$74,423$69,427$64,755$60,390$56,315$47,448
8 years$64,463$59,511$54,917$50,660$46,718$38,276
9 years$56,720$51,815$47,300$43,151$39,344$31,319
10 years$50,529$45,673$41,238$37,197$33,523$25,909
11 years$45,467$40,660$36,305$32,372$28,831$21,618
12 years$41,252$36,494$32,220$28,395$24,984$18,162
13 years$37,689$32,980$28,786$25,068$21,787$15,343
14 years$34,636$29,978$25,864$22,253$19,098$13,021
15 years$31,994$27,385$23,352$19,846$16,815$11,093
16 years$29,684$25,125$21,172$17,770$14,862$9,479
17 years$27,647$23,140$19,266$15,966$13,177$8,122
18 years$25,839$21,382$17,587$14,388$11,717$6,975
19 years$24,224$19,817$16,100$13,001$10,443$6,001
20 years$22,771$18,415$14,776$11,775$9,328$5,171
21 years$21,459$17,152$13,591$10,687$8,348$4,462
22 years$20,267$16,011$12,526$9,717$7,482$3,855
23 years$19,181$14,975$11,566$8,849$6,717$3,334
24 years$18,187$14,031$10,696$8,071$6,037$2,885
25 years$17,274$13,167$9,907$7,371$5,432$2,499
26 years$16,432$12,375$9,188$6,739$4,893$2,166
27 years$15,654$11,646$8,532$6,169$4,412$1,878
28 years$14,933$10,974$7,932$5,652$3,981$1,630
29 years$14,263$10,353$7,381$5,183$3,595$1,415
30 years$13,638$9,777$6,875$4,757$3,248$1,228
31 years$13,055$9,243$6,410$4,369$2,936$1,067
32 years$12,510$8,745$5,980$4,015$2,656$927
33 years$11,999$8,282$5,584$3,692$2,404$805
34 years$11,519$7,850$5,217$3,397$2,176$700
35 years$11,067$7,445$4,878$3,127$1,971$608
36 years$10,641$7,067$4,563$2,880$1,786$529
37 years$10,239$6,712$4,271$2,654$1,619$460
38 years$9,860$6,378$3,999$2,446$1,468$400
39 years$9,500$6,065$3,747$2,255$1,331$348
40 years$9,160$5,771$3,512$2,080$1,207$303
41 years$8,837$5,493$3,293$1,919$1,095$263
42 years$8,530$5,231$3,089$1,771$994$229
43 years$8,238$4,984$2,899$1,635$902$199
44 years$7,961$4,751$2,721$1,510$819$173
45 years$7,696$4,531$2,555$1,394$743$151
46 years$7,444$4,322$2,400$1,288$675$131
47 years$7,203$4,125$2,254$1,190$613$114
48 years$6,972$3,938$2,119$1,099$556$99
49 years$6,752$3,760$1,991$1,016$505$86
50 years$6,542$3,592$1,872$939$459$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $6,700,000, adding $5,675 every year, while hoping to spend $53,293 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: 61/32/7 Blend
50$6,700,000$6,700,000$6,700,000$6,700,000
51$7,389,254$7,034,154$6,930,304$7,829,332
52$8,086,254$7,322,124$7,105,766$8,412,249
53$8,852,563$7,622,419$7,285,319$9,041,313
54$9,695,192$7,935,585$7,469,046$9,726,309
55$10,621,869$8,262,196$7,657,026$10,472,629
56$11,641,107$8,602,851$7,849,344$11,286,202
57$12,762,286$8,958,176$8,046,082$12,173,552
58$13,995,738$9,328,826$8,247,325$13,141,849
59$15,352,852$9,715,487$8,453,159$14,198,986
60$16,846,171$10,118,875$8,663,668$15,353,642
61$18,489,520$10,539,739$8,878,941$16,615,367
62$20,298,130$10,978,865$9,099,064$17,994,671
63$22,288,782$11,437,072$9,324,125$19,503,115
64$24,479,968$11,915,219$9,554,214$21,153,426
65$26,892,064$12,414,203$9,789,419$22,959,608
66$29,547,520$12,934,965$10,029,830$24,937,075
67$32,471,075$13,478,487$10,275,538$27,102,794
68$35,689,989$14,045,797$10,526,633$29,475,441
69$39,234,299$14,637,971$10,783,205$32,075,575
70$43,137,101$15,256,136$11,045,347$34,925,830
71$47,434,869$15,901,470$11,313,149$38,051,125
72$52,167,788$16,575,205$11,586,702$41,478,896
73$57,380,144$17,278,631$11,866,099$45,239,352
74$63,120,735$18,013,100$12,151,429$49,365,755
75$69,443,331$18,780,024$12,442,784$53,894,734
76$76,407,188$19,580,882$12,740,254$58,866,622
77$84,077,598$20,417,222$13,043,929$64,325,839
78$92,526,512$21,290,665$13,353,899$70,321,301
79$101,833,214$22,202,905$13,670,253$76,906,881
80$112,085,073$23,155,719$13,993,078$84,141,912
81$123,378,366$24,150,964$14,322,461$92,091,744
82$135,819,183$25,190,586$14,658,487$100,828,353
83$149,524,435$26,276,620$15,001,242$110,431,017
84$164,622,951$27,411,198$15,350,807$120,987,061
85$181,256,698$28,596,552$15,707,265$132,592,672
86$199,582,115$29,835,017$16,070,692$145,353,803
87$219,771,598$31,129,040$16,441,168$159,387,169
88$242,015,120$32,481,182$16,818,766$174,821,338
89$266,522,026$33,894,123$17,203,558$191,797,941
90$293,523,009$35,370,672$17,595,613$210,473,005
91$323,272,288$36,913,767$17,994,999$231,018,411
92$356,050,006$38,526,486$18,401,776$253,623,515
93$392,164,876$40,212,053$18,816,005$278,496,927
94$431,957,092$41,973,843$19,237,740$305,868,470
95$475,801,544$43,815,389$19,667,032$335,991,342
96$524,111,351$45,740,394$20,103,928$369,144,497
97$577,341,768$47,752,732$20,548,468$405,635,270
98$635,994,475$49,856,463$21,000,689$445,802,268
99$700,622,320$52,055,838$21,460,620$490,018,555
100$771,834,532$54,355,309$21,928,286$538,695,164