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%13.2%
1 years$561,538$556,536$551,656$546,893$542,242$535,022
2 years$277,989$272,812$267,794$262,929$258,210$250,949
3 years$183,485$178,285$173,280$168,461$163,819$156,741
4 years$136,242$131,059$126,104$121,367$116,837$109,996
5 years$107,904$102,752$97,862$93,221$88,818$82,235
6 years$89,018$83,904$79,087$74,550$70,279$63,961
7 years$75,534$70,463$65,722$61,292$57,155$51,105
8 years$65,425$60,400$55,737$51,416$47,416$41,633
9 years$57,566$52,589$48,006$43,795$39,931$34,413
10 years$51,283$46,354$41,853$37,752$34,023$28,765
11 years$46,146$41,267$36,847$32,855$29,261$24,259
12 years$41,868$37,039$32,701$28,819$25,357$20,605
13 years$38,251$33,472$29,216$25,442$22,112$17,603
14 years$35,153$30,425$26,250$22,585$19,383$15,111
15 years$32,471$27,794$23,701$20,142$17,066$13,024
16 years$30,127$25,500$21,488$18,035$15,083$11,263
17 years$28,060$23,485$19,553$16,204$13,374$9,768
18 years$26,225$21,701$17,850$14,603$11,891$8,492
19 years$24,585$20,112$16,341$13,195$10,599$7,398
20 years$23,111$18,689$14,997$11,951$9,467$6,457
21 years$21,779$17,408$13,794$10,846$8,472$5,644
22 years$20,570$16,250$12,713$9,862$7,594$4,940
23 years$19,467$15,198$11,738$8,981$6,817$4,328
24 years$18,458$14,240$10,856$8,191$6,127$3,796
25 years$17,531$13,364$10,055$7,481$5,514$3,333
26 years$16,677$12,560$9,325$6,840$4,966$2,928
27 years$15,888$11,820$8,659$6,261$4,478$2,574
28 years$15,156$11,138$8,050$5,736$4,040$2,264
29 years$14,476$10,507$7,491$5,260$3,648$1,993
30 years$13,842$9,923$6,978$4,828$3,296$1,755
31 years$13,250$9,381$6,505$4,434$2,980$1,546
32 years$12,697$8,876$6,070$4,075$2,696$1,362
33 years$12,178$8,406$5,667$3,747$2,440$1,200
34 years$11,690$7,967$5,295$3,448$2,209$1,058
35 years$11,232$7,556$4,950$3,174$2,001$933
36 years$10,800$7,172$4,631$2,923$1,813$823
37 years$10,392$6,812$4,335$2,693$1,643$726
38 years$10,007$6,474$4,059$2,482$1,489$641
39 years$9,642$6,156$3,803$2,289$1,351$565
40 years$9,297$5,857$3,565$2,111$1,225$499
41 years$8,969$5,575$3,342$1,948$1,111$440
42 years$8,657$5,309$3,135$1,798$1,009$389
43 years$8,361$5,059$2,942$1,659$915$343
44 years$8,079$4,822$2,762$1,532$831$303
45 years$7,811$4,598$2,593$1,415$754$268
46 years$7,555$4,387$2,435$1,307$685$236
47 years$7,310$4,186$2,288$1,208$622$209
48 years$7,076$3,996$2,150$1,116$565$184
49 years$6,853$3,816$2,021$1,031$513$163
50 years$6,639$3,645$1,900$953$466$144

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 $6,672 every year, while hoping to spend $25,027 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: 80/5/15 Blend
50$6,800,000$6,800,000$6,800,000$6,800,000
51$7,500,482$7,140,082$7,034,682$8,076,861
52$8,238,903$7,463,318$7,243,715$8,780,197
53$9,051,804$7,801,553$7,458,913$9,548,026
54$9,946,755$8,155,496$7,680,454$10,390,001
55$10,932,099$8,525,891$7,908,524$11,313,544
56$12,017,027$8,913,514$8,143,314$12,326,828
57$13,211,669$9,319,181$8,385,020$13,438,856
58$14,527,185$9,743,746$8,633,843$14,659,544
59$15,975,872$10,188,104$8,889,992$15,999,813
60$17,571,284$10,653,194$9,153,679$17,471,693
61$19,328,353$11,139,999$9,425,125$19,088,434
62$21,263,534$11,649,547$9,704,556$20,864,633
63$23,394,959$12,182,920$9,992,203$22,816,368
64$25,742,610$12,741,249$10,288,308$24,961,350
65$28,328,505$13,325,718$10,593,114$27,319,091
66$31,176,905$13,937,571$10,906,876$29,911,085
67$34,314,548$14,578,110$11,229,855$32,761,012
68$37,770,894$15,248,700$11,562,317$35,894,959
69$41,578,410$15,950,771$11,904,540$39,341,664
70$45,772,871$16,685,822$12,256,805$43,132,791
71$50,393,702$17,455,425$12,619,406$47,303,223
72$55,484,345$18,261,227$12,992,641$51,891,394
73$61,092,674$19,104,953$13,376,821$56,939,647
74$67,271,443$19,988,412$13,772,261$62,494,634
75$74,078,788$20,913,502$14,179,290$68,607,758
76$81,578,770$21,882,209$14,598,241$75,335,651
77$89,841,985$22,896,617$15,029,463$82,740,714
78$98,946,226$23,958,910$15,473,308$90,891,700
79$108,977,221$25,071,377$15,930,144$99,864,362
80$120,029,439$26,236,417$16,400,346$109,742,170
81$132,206,985$27,456,544$16,884,301$120,617,093
82$145,624,579$28,734,396$17,382,406$132,590,470
83$160,408,641$30,072,736$17,895,071$145,773,960
84$176,698,483$31,474,461$18,422,717$160,290,599
85$194,647,626$32,942,607$18,965,775$176,275,956
86$214,425,247$34,480,358$19,524,692$193,879,416
87$236,217,778$36,091,051$20,099,925$213,265,582
88$260,230,663$37,778,185$20,691,945$234,615,831
89$286,690,301$39,545,426$21,301,235$258,130,023
90$315,846,179$41,396,620$21,928,294$284,028,386
91$347,973,232$43,335,796$22,573,634$312,553,592
92$383,374,432$45,367,180$23,237,781$343,973,046
93$422,383,654$47,495,202$23,921,277$378,581,408
94$465,368,825$49,724,506$24,624,678$416,703,373
95$512,735,398$52,059,959$25,348,558$458,696,733
96$564,930,179$54,506,667$26,093,504$504,955,750
97$622,445,543$57,069,981$26,860,123$555,914,879
98$685,824,089$59,755,509$27,649,037$612,052,863
99$755,663,752$62,569,136$28,460,886$673,897,254
100$832,623,458$65,517,027$29,296,329$742,029,383