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%13.9%
1 years$553,280$548,351$543,543$538,850$534,267$525,633
2 years$273,901$268,800$263,856$259,063$254,413$245,738
3 years$180,787$175,664$170,732$165,984$161,410$152,964
4 years$134,239$129,131$124,249$119,582$115,119$106,967
5 years$106,317$101,241$96,423$91,850$87,512$79,677
6 years$87,709$82,671$77,924$73,454$69,245$61,738
7 years$74,423$69,427$64,755$60,390$56,315$49,136
8 years$64,463$59,511$54,917$50,660$46,718$39,868
9 years$56,720$51,815$47,300$43,151$39,344$32,817
10 years$50,529$45,673$41,238$37,197$33,523$27,315
11 years$45,467$40,660$36,305$32,372$28,831$22,935
12 years$41,252$36,494$32,220$28,395$24,984$19,393
13 years$37,689$32,980$28,786$25,068$21,787$16,492
14 years$34,636$29,978$25,864$22,253$19,098$14,092
15 years$31,994$27,385$23,352$19,846$16,815$12,087
16 years$29,684$25,125$21,172$17,770$14,862$10,402
17 years$27,647$23,140$19,266$15,966$13,177$8,977
18 years$25,839$21,382$17,587$14,388$11,717$7,765
19 years$24,224$19,817$16,100$13,001$10,443$6,730
20 years$22,771$18,415$14,776$11,775$9,328$5,843
21 years$21,459$17,152$13,591$10,687$8,348$5,080
22 years$20,267$16,011$12,526$9,717$7,482$4,423
23 years$19,181$14,975$11,566$8,849$6,717$3,855
24 years$18,187$14,031$10,696$8,071$6,037$3,363
25 years$17,274$13,167$9,907$7,371$5,432$2,936
26 years$16,432$12,375$9,188$6,739$4,893$2,565
27 years$15,654$11,646$8,532$6,169$4,412$2,242
28 years$14,933$10,974$7,932$5,652$3,981$1,961
29 years$14,263$10,353$7,381$5,183$3,595$1,716
30 years$13,638$9,777$6,875$4,757$3,248$1,503
31 years$13,055$9,243$6,410$4,369$2,936$1,316
32 years$12,510$8,745$5,980$4,015$2,656$1,153
33 years$11,999$8,282$5,584$3,692$2,404$1,010
34 years$11,519$7,850$5,217$3,397$2,176$885
35 years$11,067$7,445$4,878$3,127$1,971$776
36 years$10,641$7,067$4,563$2,880$1,786$681
37 years$10,239$6,712$4,271$2,654$1,619$597
38 years$9,860$6,378$3,999$2,446$1,468$523
39 years$9,500$6,065$3,747$2,255$1,331$459
40 years$9,160$5,771$3,512$2,080$1,207$403
41 years$8,837$5,493$3,293$1,919$1,095$353
42 years$8,530$5,231$3,089$1,771$994$310
43 years$8,238$4,984$2,899$1,635$902$272
44 years$7,961$4,751$2,721$1,510$819$239
45 years$7,696$4,531$2,555$1,394$743$210
46 years$7,444$4,322$2,400$1,288$675$184
47 years$7,203$4,125$2,254$1,190$613$161
48 years$6,972$3,938$2,119$1,099$556$142
49 years$6,752$3,760$1,991$1,016$505$124
50 years$6,542$3,592$1,872$939$459$109

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 $4,696 every year, while hoping to spend $49,961 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: 36/47/17 Blend
50$6,700,000$6,700,000$6,700,000$6,700,000
51$7,388,244$7,033,144$6,929,294$7,615,740
52$8,088,687$7,324,610$7,108,267$8,072,562
53$8,858,900$7,628,683$7,291,562$8,560,352
54$9,705,948$7,945,929$7,479,269$9,085,897
55$10,637,613$8,276,938$7,671,483$9,652,592
56$11,662,471$8,622,329$7,868,299$10,264,161
57$12,789,968$8,982,748$8,069,812$10,924,688
58$14,030,514$9,358,872$8,276,120$11,638,654
59$15,395,580$9,751,410$8,487,323$12,410,975
60$16,897,801$10,161,101$8,703,521$13,247,047
61$18,551,103$10,588,722$8,924,815$14,152,795
62$20,370,828$11,035,082$9,151,309$15,134,724
63$22,373,882$11,501,030$9,383,107$16,199,978
64$24,578,892$11,987,454$9,620,315$17,356,402
65$27,006,384$12,495,284$9,863,040$18,612,616
66$29,678,974$13,025,492$10,111,391$19,978,092
67$32,621,583$13,579,095$10,365,476$21,463,237
68$35,861,672$14,157,158$10,625,407$23,079,491
69$39,429,499$14,760,795$10,891,295$24,839,426
70$43,358,408$15,391,174$11,163,253$26,756,866
71$47,685,139$16,049,516$11,441,396$28,847,008
72$52,450,178$16,737,097$11,725,838$31,126,566
73$57,698,138$17,455,256$12,016,695$33,613,916
74$63,478,178$18,205,393$12,314,084$36,329,274
75$69,844,469$18,988,975$12,618,123$39,294,873
76$76,856,705$19,807,534$12,928,930$42,535,172
77$84,580,663$20,662,678$13,246,624$46,077,081
78$93,088,830$21,556,088$13,571,325$49,950,205
79$102,461,079$22,489,525$13,903,152$54,187,122
80$112,785,429$23,464,832$14,242,228$58,823,680
81$124,158,873$24,483,938$14,588,672$63,899,333
82$136,688,291$25,548,865$14,942,606$69,457,498
83$150,491,464$26,661,727$15,304,151$75,545,967
84$165,698,182$27,824,740$15,673,428$82,217,343
85$182,451,467$29,040,223$16,050,559$89,529,531
86$200,908,928$30,310,604$16,435,664$97,546,277
87$221,244,243$31,638,428$16,828,863$106,337,758
88$243,648,802$33,026,358$17,230,276$115,981,236
89$268,333,512$34,477,181$17,640,023$126,561,779
90$295,530,787$35,993,820$18,058,220$138,173,051
91$325,496,743$37,579,333$18,484,986$150,918,188
92$358,513,614$39,236,923$18,920,436$164,910,756
93$394,892,416$40,969,946$19,364,684$180,275,817
94$434,975,883$42,781,914$19,817,842$197,151,094
95$479,141,704$44,676,509$20,280,021$215,688,256
96$527,806,085$46,657,585$20,751,329$236,054,341
97$581,427,678$48,729,179$21,231,871$258,433,316
98$640,511,914$50,895,521$21,721,750$283,027,797
99$705,615,767$53,161,040$22,221,067$310,060,950
100$777,353,020$55,530,376$22,729,918$339,778,580