Can I retire at age 51 with 6,800,000?

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$561,538$556,536$551,656$546,893$542,242$539,730
2 years$277,989$272,812$267,794$262,929$258,210$255,675
3 years$183,485$178,285$173,280$168,461$163,819$161,339
4 years$136,242$131,059$126,104$121,367$116,837$114,431
5 years$107,904$102,752$97,862$93,221$88,818$86,492
6 years$89,018$83,904$79,087$74,550$70,279$68,037
7 years$75,534$70,463$65,722$61,292$57,155$54,999
8 years$65,425$60,400$55,737$51,416$47,416$45,345
9 years$57,566$52,589$48,006$43,795$39,931$37,945
10 years$51,283$46,354$41,853$37,752$34,023$32,122
11 years$46,146$41,267$36,847$32,855$29,261$27,442
12 years$41,868$37,039$32,701$28,819$25,357$23,620
13 years$38,251$33,472$29,216$25,442$22,112$20,454
14 years$35,153$30,425$26,250$22,585$19,383$17,803
15 years$32,471$27,794$23,701$20,142$17,066$15,562
16 years$30,127$25,500$21,488$18,035$15,083$13,653
17 years$28,060$23,485$19,553$16,204$13,374$12,016
18 years$26,225$21,701$17,850$14,603$11,891$10,603
19 years$24,585$20,112$16,341$13,195$10,599$9,378
20 years$23,111$18,689$14,997$11,951$9,467$8,311
21 years$21,779$17,408$13,794$10,846$8,472$7,378
22 years$20,570$16,250$12,713$9,862$7,594$6,560
23 years$19,467$15,198$11,738$8,981$6,817$5,841
24 years$18,458$14,240$10,856$8,191$6,127$5,207
25 years$17,531$13,364$10,055$7,481$5,514$4,646
26 years$16,677$12,560$9,325$6,840$4,966$4,150
27 years$15,888$11,820$8,659$6,261$4,478$3,709
28 years$15,156$11,138$8,050$5,736$4,040$3,318
29 years$14,476$10,507$7,491$5,260$3,648$2,970
30 years$13,842$9,923$6,978$4,828$3,296$2,660
31 years$13,250$9,381$6,505$4,434$2,980$2,384
32 years$12,697$8,876$6,070$4,075$2,696$2,137
33 years$12,178$8,406$5,667$3,747$2,440$1,917
34 years$11,690$7,967$5,295$3,448$2,209$1,720
35 years$11,232$7,556$4,950$3,174$2,001$1,544
36 years$10,800$7,172$4,631$2,923$1,813$1,386
37 years$10,392$6,812$4,335$2,693$1,643$1,245
38 years$10,007$6,474$4,059$2,482$1,489$1,118
39 years$9,642$6,156$3,803$2,289$1,351$1,004
40 years$9,297$5,857$3,565$2,111$1,225$902
41 years$8,969$5,575$3,342$1,948$1,111$811
42 years$8,657$5,309$3,135$1,798$1,009$729
43 years$8,361$5,059$2,942$1,659$915$655
44 years$8,079$4,822$2,762$1,532$831$589
45 years$7,811$4,598$2,593$1,415$754$530
46 years$7,555$4,387$2,435$1,307$685$477
47 years$7,310$4,186$2,288$1,208$622$429
48 years$7,076$3,996$2,150$1,116$565$385
49 years$6,853$3,816$2,021$1,031$513$347
50 years$6,639$3,645$1,900$953$466$312

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $6,800,000, adding $2,884 every year, while hoping to spend $58,391 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: 63/22/15 Blend
50$6,800,000$6,800,000$6,800,000$6,800,000
51$7,496,575$7,136,175$7,030,775$7,941,166
52$8,199,098$7,423,720$7,204,178$8,527,354
53$8,971,321$7,723,398$7,381,434$9,160,273
54$9,820,293$8,035,741$7,562,608$9,850,011
55$10,753,777$8,361,307$7,747,770$10,602,097
56$11,780,329$8,700,677$7,936,987$11,422,616
57$12,909,374$9,054,462$8,130,327$12,318,263
58$14,151,296$9,423,296$8,327,859$13,296,405
59$15,517,537$9,807,846$8,529,651$14,365,149
60$17,020,702$10,208,808$8,735,771$15,533,419
61$18,674,683$10,626,908$8,946,289$16,811,037
62$20,494,782$11,062,908$9,161,271$18,208,815
63$22,497,863$11,517,604$9,380,787$19,738,652
64$24,702,506$11,991,827$9,604,904$21,413,653
65$27,129,183$12,486,448$9,833,689$23,248,241
66$29,800,452$13,002,376$10,067,210$25,258,298
67$32,741,169$13,540,564$10,305,533$27,461,311
68$35,978,723$14,102,006$10,548,723$29,876,535
69$39,543,293$14,687,745$10,796,846$32,525,173
70$43,468,134$15,298,869$11,049,965$35,430,574
71$47,789,888$15,936,519$11,308,143$38,618,449
72$52,548,934$16,601,885$11,571,443$42,117,118
73$57,789,763$17,296,215$11,839,924$45,957,766
74$63,561,403$18,020,814$12,113,646$50,174,742
75$69,917,878$18,777,046$12,392,666$54,805,877
76$76,918,721$19,566,340$12,677,039$59,892,840
77$84,629,529$20,390,190$12,966,818$65,481,527
78$93,122,591$21,250,159$13,262,056$71,622,493
79$102,477,561$22,147,883$13,562,802$78,371,425
80$112,782,218$23,085,074$13,869,101$85,789,667
81$124,133,285$24,063,524$14,180,997$93,944,791
82$136,637,351$25,085,107$14,498,531$102,911,236
83$150,411,869$26,151,786$14,821,740$112,771,004
84$165,586,270$27,265,614$15,150,659$123,614,433
85$182,303,180$28,428,739$15,485,316$135,541,043
86$200,719,768$29,643,412$15,825,738$148,660,476
87$221,009,231$30,911,986$16,171,947$163,093,521
88$243,362,425$32,236,925$16,523,960$178,973,254
89$267,989,668$33,620,810$16,881,787$196,446,287
90$295,122,724$35,066,339$17,245,437$215,674,150
91$325,016,992$36,576,340$17,614,910$236,834,809
92$357,953,915$38,153,771$17,990,199$260,124,342
93$394,243,639$39,801,730$18,371,295$285,758,782
94$434,227,934$41,523,459$18,758,178$313,976,155
95$478,283,428$43,322,353$19,150,821$345,038,717
96$526,825,156$45,201,967$19,549,192$379,235,427
97$580,310,480$47,166,021$19,953,249$416,884,664
98$639,243,406$49,218,413$20,362,939$458,337,233
99$704,179,340$51,363,222$20,778,204$503,979,663
100$775,730,331$53,604,719$21,198,973$554,237,850