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

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$553,280$548,351$543,543$538,850$534,267$528,248
2 years$273,901$268,800$263,856$259,063$254,413$248,354
3 years$180,787$175,664$170,732$165,984$161,410$155,499
4 years$134,239$129,131$124,249$119,582$115,119$109,401
5 years$106,317$101,241$96,423$91,850$87,512$82,003
6 years$87,709$82,671$77,924$73,454$69,245$63,953
7 years$74,423$69,427$64,755$60,390$56,315$51,242
8 years$64,463$59,511$54,917$50,660$46,718$41,864
9 years$56,720$51,815$47,300$43,151$39,344$34,706
10 years$50,529$45,673$41,238$37,197$33,523$29,099
11 years$45,467$40,660$36,305$32,372$28,831$24,616
12 years$41,252$36,494$32,220$28,395$24,984$20,975
13 years$37,689$32,980$28,786$25,068$21,787$17,978
14 years$34,636$29,978$25,864$22,253$19,098$15,485
15 years$31,994$27,385$23,352$19,846$16,815$13,391
16 years$29,684$25,125$21,172$17,770$14,862$11,621
17 years$27,647$23,140$19,266$15,966$13,177$10,114
18 years$25,839$21,382$17,587$14,388$11,717$8,824
19 years$24,224$19,817$16,100$13,001$10,443$7,716
20 years$22,771$18,415$14,776$11,775$9,328$6,758
21 years$21,459$17,152$13,591$10,687$8,348$5,930
22 years$20,267$16,011$12,526$9,717$7,482$5,209
23 years$19,181$14,975$11,566$8,849$6,717$4,582
24 years$18,187$14,031$10,696$8,071$6,037$4,035
25 years$17,274$13,167$9,907$7,371$5,432$3,556
26 years$16,432$12,375$9,188$6,739$4,893$3,137
27 years$15,654$11,646$8,532$6,169$4,412$2,769
28 years$14,933$10,974$7,932$5,652$3,981$2,445
29 years$14,263$10,353$7,381$5,183$3,595$2,161
30 years$13,638$9,777$6,875$4,757$3,248$1,910
31 years$13,055$9,243$6,410$4,369$2,936$1,690
32 years$12,510$8,745$5,980$4,015$2,656$1,495
33 years$11,999$8,282$5,584$3,692$2,404$1,323
34 years$11,519$7,850$5,217$3,397$2,176$1,172
35 years$11,067$7,445$4,878$3,127$1,971$1,037
36 years$10,641$7,067$4,563$2,880$1,786$919
37 years$10,239$6,712$4,271$2,654$1,619$814
38 years$9,860$6,378$3,999$2,446$1,468$721
39 years$9,500$6,065$3,747$2,255$1,331$639
40 years$9,160$5,771$3,512$2,080$1,207$567
41 years$8,837$5,493$3,293$1,919$1,095$502
42 years$8,530$5,231$3,089$1,771$994$445
43 years$8,238$4,984$2,899$1,635$902$395
44 years$7,961$4,751$2,721$1,510$819$350
45 years$7,696$4,531$2,555$1,394$743$311
46 years$7,444$4,322$2,400$1,288$675$275
47 years$7,203$4,125$2,254$1,190$613$244
48 years$6,972$3,938$2,119$1,099$556$217
49 years$6,752$3,760$1,991$1,016$505$192
50 years$6,542$3,592$1,872$939$459$170

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 $6,148 every year, while hoping to spend $24,187 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: 59/28/13 Blend
50$6,700,000$6,700,000$6,700,000$6,700,000
51$7,389,742$7,034,642$6,930,792$7,801,567
52$8,117,761$7,353,604$7,137,238$8,398,844
53$8,919,227$7,687,386$7,349,790$9,046,600
54$9,801,606$8,036,686$7,568,627$9,752,369
55$10,773,126$8,402,239$7,793,932$10,521,741
56$11,842,851$8,784,815$8,025,895$11,360,860
57$13,020,770$9,185,220$8,264,711$12,276,484
58$14,317,891$9,604,297$8,510,580$13,276,045
59$15,746,341$10,042,933$8,763,710$14,367,717
60$17,319,486$10,502,055$9,024,313$15,560,489
61$19,052,053$10,982,635$9,292,606$16,864,254
62$20,960,270$11,485,692$9,568,816$18,289,890
63$23,062,019$12,012,293$9,853,174$19,849,370
64$25,377,007$12,563,557$10,145,917$21,555,867
65$27,926,948$13,140,657$10,447,291$23,423,877
66$30,735,769$13,744,822$10,757,548$25,469,351
67$33,829,839$14,377,340$11,076,947$27,709,847
68$37,238,213$15,039,560$11,405,755$30,164,689
69$40,992,909$15,732,897$11,744,247$32,855,147
70$45,129,212$16,458,835$12,092,705$35,804,635
71$49,686,000$17,218,926$12,451,419$39,038,927
72$54,706,119$18,014,801$12,820,689$42,586,400
73$60,236,784$18,848,166$13,200,822$46,478,295
74$66,330,021$19,720,812$13,592,135$50,749,005
75$73,043,164$20,634,613$13,994,953$55,436,405
76$80,439,394$21,591,536$14,409,611$60,582,194
77$88,588,333$22,593,642$14,836,454$66,232,292
78$97,566,704$23,643,091$15,275,835$72,437,264
79$107,459,052$24,742,147$15,728,121$79,252,794
80$118,358,548$25,893,184$16,193,685$86,740,208
81$130,367,860$27,098,691$16,672,913$94,967,042
82$143,600,129$28,361,274$17,166,203$104,007,677
83$158,180,034$29,683,668$17,673,963$113,944,034
84$174,244,969$31,068,740$18,196,613$124,866,343
85$191,946,341$32,519,493$18,734,584$136,873,987
86$211,450,997$34,039,077$19,288,321$150,076,430
87$232,942,800$35,630,794$19,858,282$164,594,249
88$256,624,368$37,298,105$20,444,936$180,560,261
89$282,718,979$39,044,638$21,048,768$198,120,768
90$311,472,687$40,874,197$21,670,273$217,436,935
91$343,156,639$42,790,770$22,309,965$238,686,294
92$378,069,636$44,798,539$22,968,370$262,064,421
93$416,540,957$46,901,885$23,646,028$287,786,765
94$458,933,461$49,105,404$24,343,496$316,090,676
95$505,647,019$51,413,913$25,061,348$347,237,632
96$557,122,283$53,832,463$25,800,171$381,515,701
97$613,844,851$56,366,348$26,560,572$419,242,246
98$676,349,847$59,021,122$27,343,173$460,766,907
99$745,226,978$61,802,603$28,148,616$506,474,896
100$821,126,093$64,716,894$28,977,558$556,790,613