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%13.4%
1 years$561,538$556,536$551,656$546,893$542,242$534,580
2 years$277,989$272,812$267,794$262,929$258,210$250,506
3 years$183,485$178,285$173,280$168,461$163,819$156,312
4 years$136,242$131,059$126,104$121,367$116,837$109,585
5 years$107,904$102,752$97,862$93,221$88,818$81,841
6 years$89,018$83,904$79,087$74,550$70,279$63,586
7 years$75,534$70,463$65,722$61,292$57,155$50,749
8 years$65,425$60,400$55,737$51,416$47,416$41,295
9 years$57,566$52,589$48,006$43,795$39,931$34,093
10 years$51,283$46,354$41,853$37,752$34,023$28,464
11 years$46,146$41,267$36,847$32,855$29,261$23,975
12 years$41,868$37,039$32,701$28,819$25,357$20,337
13 years$38,251$33,472$29,216$25,442$22,112$17,352
14 years$35,153$30,425$26,250$22,585$19,383$14,876
15 years$32,471$27,794$23,701$20,142$17,066$12,804
16 years$30,127$25,500$21,488$18,035$15,083$11,057
17 years$28,060$23,485$19,553$16,204$13,374$9,576
18 years$26,225$21,701$17,850$14,603$11,891$8,313
19 years$24,585$20,112$16,341$13,195$10,599$7,232
20 years$23,111$18,689$14,997$11,951$9,467$6,302
21 years$21,779$17,408$13,794$10,846$8,472$5,500
22 years$20,570$16,250$12,713$9,862$7,594$4,807
23 years$19,467$15,198$11,738$8,981$6,817$4,205
24 years$18,458$14,240$10,856$8,191$6,127$3,683
25 years$17,531$13,364$10,055$7,481$5,514$3,228
26 years$16,677$12,560$9,325$6,840$4,966$2,831
27 years$15,888$11,820$8,659$6,261$4,478$2,485
28 years$15,156$11,138$8,050$5,736$4,040$2,183
29 years$14,476$10,507$7,491$5,260$3,648$1,918
30 years$13,842$9,923$6,978$4,828$3,296$1,686
31 years$13,250$9,381$6,505$4,434$2,980$1,483
32 years$12,697$8,876$6,070$4,075$2,696$1,304
33 years$12,178$8,406$5,667$3,747$2,440$1,148
34 years$11,690$7,967$5,295$3,448$2,209$1,010
35 years$11,232$7,556$4,950$3,174$2,001$889
36 years$10,800$7,172$4,631$2,923$1,813$783
37 years$10,392$6,812$4,335$2,693$1,643$690
38 years$10,007$6,474$4,059$2,482$1,489$607
39 years$9,642$6,156$3,803$2,289$1,351$535
40 years$9,297$5,857$3,565$2,111$1,225$471
41 years$8,969$5,575$3,342$1,948$1,111$415
42 years$8,657$5,309$3,135$1,798$1,009$366
43 years$8,361$5,059$2,942$1,659$915$323
44 years$8,079$4,822$2,762$1,532$831$284
45 years$7,811$4,598$2,593$1,415$754$251
46 years$7,555$4,387$2,435$1,307$685$221
47 years$7,310$4,186$2,288$1,208$622$195
48 years$7,076$3,996$2,150$1,116$565$172
49 years$6,853$3,816$2,021$1,031$513$151
50 years$6,639$3,645$1,900$953$466$133

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 $4,508 every year, while hoping to spend $54,392 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: 46/24/30 Blend
50$6,800,000$6,800,000$6,800,000$6,800,000
51$7,498,250$7,137,850$7,032,450$7,778,130
52$8,205,199$7,429,732$7,210,164$8,269,378
53$8,982,433$7,734,093$7,392,009$8,796,506
54$9,837,066$8,051,488$7,578,066$9,367,459
55$10,776,931$8,382,495$7,768,415$9,986,381
56$11,810,661$8,727,721$7,963,140$10,657,826
57$12,947,768$9,087,799$8,162,325$11,386,801
58$14,198,732$9,463,392$8,366,054$12,178,811
59$15,575,097$9,855,193$8,574,412$13,039,910
60$17,089,587$10,263,928$8,787,485$13,976,758
61$18,756,219$10,690,354$9,005,360$14,996,676
62$20,590,437$11,135,265$9,228,123$16,107,722
63$22,609,260$11,599,491$9,455,863$17,318,759
64$24,831,438$12,083,900$9,688,669$18,639,538
65$27,277,634$12,589,400$9,926,628$20,080,789
66$29,970,613$13,116,942$10,169,831$21,654,321
67$32,935,462$13,667,518$10,418,366$23,373,127
68$36,199,823$14,242,170$10,672,325$25,251,511
69$39,794,155$14,841,986$10,931,798$27,305,214
70$43,752,019$15,468,104$11,196,874$29,551,565
71$48,110,400$16,121,716$11,467,644$32,009,640
72$52,910,049$16,804,069$11,744,198$34,700,439
73$58,195,873$17,516,467$12,026,628$37,647,083
74$64,017,355$18,260,276$12,315,022$40,875,027
75$70,429,020$19,036,925$12,609,471$44,412,299
76$77,490,956$19,847,910$12,910,064$48,289,764
77$85,269,371$20,694,796$13,216,889$52,541,405
78$93,837,227$21,579,220$13,530,034$57,204,647
79$103,274,920$22,502,898$13,849,587$62,320,706
80$113,671,047$23,467,625$14,175,633$67,934,970
81$125,123,234$24,475,279$14,508,257$74,097,429
82$137,739,064$25,527,827$14,847,543$80,863,138
83$151,637,085$26,627,328$15,193,573$88,292,738
84$166,947,937$27,775,936$15,546,427$96,453,018
85$183,815,577$28,975,908$15,906,183$105,417,548
86$202,398,644$30,229,605$16,272,918$115,267,362
87$222,871,951$31,539,501$16,646,706$126,091,723
88$245,428,137$32,908,184$17,027,618$137,988,957
89$270,279,487$34,338,365$17,415,723$151,067,380
90$297,659,931$35,832,881$17,811,086$165,446,311
91$327,827,257$37,394,705$18,213,770$181,257,196
92$361,065,539$39,026,947$18,623,833$198,644,840
93$397,687,823$40,732,867$19,041,330$217,768,768
94$438,039,078$42,515,875$19,466,312$238,804,729
95$482,499,455$44,379,543$19,898,824$261,946,342
96$531,487,873$46,327,614$20,338,908$287,406,920
97$585,465,973$48,364,005$20,786,599$315,421,478
98$644,942,480$50,492,818$21,241,927$346,248,939
99$710,477,997$52,718,351$21,704,917$380,174,575
100$782,690,307$55,045,104$22,175,585$417,512,691