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%18.4%
1 years$553,280$548,351$543,543$538,850$534,267$516,133
2 years$273,901$268,800$263,856$259,063$254,413$236,325
3 years$180,787$175,664$170,732$165,984$161,410$143,936
4 years$134,239$129,131$124,249$119,582$115,119$98,392
5 years$106,317$101,241$96,423$91,850$87,512$71,577
6 years$87,709$82,671$77,924$73,454$69,245$54,115
7 years$74,423$69,427$64,755$60,390$56,315$41,987
8 years$64,463$59,511$54,917$50,660$46,718$33,182
9 years$56,720$51,815$47,300$43,151$39,344$26,582
10 years$50,529$45,673$41,238$37,197$33,523$21,515
11 years$45,467$40,660$36,305$32,372$28,831$17,554
12 years$41,252$36,494$32,220$28,395$24,984$14,412
13 years$37,689$32,980$28,786$25,068$21,787$11,892
14 years$34,636$29,978$25,864$22,253$19,098$9,852
15 years$31,994$27,385$23,352$19,846$16,815$8,189
16 years$29,684$25,125$21,172$17,770$14,862$6,825
17 years$27,647$23,140$19,266$15,966$13,177$5,701
18 years$25,839$21,382$17,587$14,388$11,717$4,770
19 years$24,224$19,817$16,100$13,001$10,443$3,998
20 years$22,771$18,415$14,776$11,775$9,328$3,354
21 years$21,459$17,152$13,591$10,687$8,348$2,818
22 years$20,267$16,011$12,526$9,717$7,482$2,369
23 years$19,181$14,975$11,566$8,849$6,717$1,993
24 years$18,187$14,031$10,696$8,071$6,037$1,678
25 years$17,274$13,167$9,907$7,371$5,432$1,413
26 years$16,432$12,375$9,188$6,739$4,893$1,191
27 years$15,654$11,646$8,532$6,169$4,412$1,004
28 years$14,933$10,974$7,932$5,652$3,981$846
29 years$14,263$10,353$7,381$5,183$3,595$714
30 years$13,638$9,777$6,875$4,757$3,248$602
31 years$13,055$9,243$6,410$4,369$2,936$508
32 years$12,510$8,745$5,980$4,015$2,656$429
33 years$11,999$8,282$5,584$3,692$2,404$362
34 years$11,519$7,850$5,217$3,397$2,176$306
35 years$11,067$7,445$4,878$3,127$1,971$258
36 years$10,641$7,067$4,563$2,880$1,786$218
37 years$10,239$6,712$4,271$2,654$1,619$184
38 years$9,860$6,378$3,999$2,446$1,468$155
39 years$9,500$6,065$3,747$2,255$1,331$131
40 years$9,160$5,771$3,512$2,080$1,207$111
41 years$8,837$5,493$3,293$1,919$1,095$93
42 years$8,530$5,231$3,089$1,771$994$79
43 years$8,238$4,984$2,899$1,635$902$67
44 years$7,961$4,751$2,721$1,510$819$56
45 years$7,696$4,531$2,555$1,394$743$48
46 years$7,444$4,322$2,400$1,288$675$40
47 years$7,203$4,125$2,254$1,190$613$34
48 years$6,972$3,938$2,119$1,099$556$29
49 years$6,752$3,760$1,991$1,016$505$24
50 years$6,542$3,592$1,872$939$459$20

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 $4,944 every year, while hoping to spend $22,402 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: 40/40/20 Blend
50$6,700,000$6,700,000$6,700,000$6,700,000
51$7,388,500$7,033,400$6,929,550$7,640,061
52$8,118,291$7,354,201$7,137,854$8,141,359
53$8,921,770$7,689,970$7,352,386$8,680,816
54$9,806,430$8,041,418$7,573,330$9,263,962
55$10,780,526$8,409,288$7,800,877$9,894,790
56$11,853,156$8,794,359$8,035,222$10,577,675
57$13,034,345$9,197,449$8,276,569$11,317,423
58$14,335,137$9,619,413$8,525,123$12,119,304
59$15,767,706$10,061,150$8,781,100$12,989,104
60$17,345,465$10,523,598$9,044,719$13,933,176
61$19,083,192$11,007,745$9,316,207$14,958,495
62$20,997,175$11,514,622$9,595,797$16,072,722
63$23,105,361$12,045,312$9,883,730$17,284,272
64$25,427,525$12,600,950$10,180,253$18,602,390
65$27,985,461$13,182,724$10,485,619$20,037,233
66$30,803,182$13,791,882$10,800,092$21,599,964
67$33,907,152$14,429,730$11,123,941$23,302,853
68$37,326,531$15,097,637$11,457,443$25,159,384
69$41,093,454$15,797,037$11,800,884$27,184,384
70$45,243,331$16,529,437$12,154,558$29,394,154
71$49,815,183$17,296,412$12,518,768$31,806,620
72$54,852,011$18,099,615$12,893,826$34,441,493
73$60,401,199$18,940,779$13,280,052$37,320,454
74$66,514,964$19,821,720$13,677,776$40,467,350
75$73,250,848$20,744,341$14,087,339$43,908,416
76$80,672,259$21,710,639$14,509,090$47,672,512
77$88,849,074$22,722,705$14,943,389$51,791,390
78$97,858,294$23,782,732$15,390,607$56,299,991
79$107,784,773$24,893,018$15,851,125$61,236,761
80$118,722,018$26,055,974$16,325,335$66,644,010
81$130,773,072$27,274,126$16,813,643$72,568,305
82$144,051,489$28,550,121$17,316,463$79,060,895
83$158,682,400$29,886,736$17,834,224$86,178,193
84$174,803,700$31,286,882$18,367,366$93,982,296
85$192,567,348$32,753,609$18,916,343$102,541,560
86$212,140,798$34,290,116$19,481,621$111,931,238
87$233,708,585$35,899,758$20,063,680$122,234,181
88$257,474,063$37,586,048$20,663,016$133,541,603
89$283,661,326$39,352,673$21,280,136$145,953,937
90$312,517,325$41,203,498$21,915,565$159,581,769
91$344,314,196$43,142,574$22,569,840$174,546,869
92$379,351,832$45,174,147$23,243,517$190,983,324
93$417,960,710$47,302,671$23,937,166$209,038,798
94$460,505,015$49,532,816$24,651,374$228,875,903
95$507,386,078$51,869,475$25,386,747$250,673,725
96$559,046,160$54,317,781$26,143,905$274,629,494
97$615,972,632$56,883,116$26,923,489$300,960,434
98$678,702,572$59,571,121$27,726,158$329,905,794
99$747,827,840$62,387,710$28,552,589$361,729,086
100$824,000,659$65,339,088$29,403,480$396,720,558