Can I retire at age 51 with 6,900,000?

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 $6,900,000?

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 years$569,796$564,720$559,768$554,935$550,216$547,897
2 years$282,077$276,824$271,732$266,796$262,007$259,667
3 years$186,183$180,907$175,829$170,939$166,228$163,938
4 years$138,246$132,986$127,958$123,152$118,555$116,333
5 years$109,491$104,263$99,301$94,592$90,124$87,976
6 years$90,327$85,138$80,250$75,646$71,312$69,241
7 years$76,644$71,499$66,688$62,193$57,996$56,003
8 years$66,387$61,288$56,557$52,172$48,113$46,199
9 years$58,413$53,362$48,712$44,439$40,518$38,682
10 years$52,037$47,036$42,468$38,307$34,524$32,765
11 years$46,825$41,873$37,389$33,338$29,691$28,009
12 years$42,484$37,583$33,181$29,242$25,730$24,122
13 years$38,814$33,964$29,645$25,817$22,437$20,903
14 years$35,670$30,873$26,637$22,917$19,668$18,206
15 years$32,949$28,203$24,049$20,438$17,317$15,925
16 years$30,570$25,875$21,804$18,300$15,305$13,981
17 years$28,473$23,830$19,841$16,442$13,571$12,312
18 years$26,611$22,020$18,112$14,818$12,066$10,872
19 years$24,947$20,408$16,581$13,389$10,755$9,622
20 years$23,451$18,964$15,217$12,127$9,607$8,534
21 years$22,099$17,665$13,997$11,006$8,597$7,582
22 years$20,872$16,489$12,900$10,007$7,706$6,746
23 years$19,754$15,422$11,911$9,113$6,917$6,011
24 years$18,730$14,449$11,016$8,312$6,217$5,362
25 years$17,789$13,560$10,203$7,591$5,595$4,789
26 years$16,922$12,744$9,463$6,941$5,039$4,280
27 years$16,121$11,994$8,787$6,353$4,543$3,829
28 years$15,379$11,302$8,168$5,821$4,100$3,428
29 years$14,688$10,662$7,601$5,338$3,702$3,071
30 years$14,045$10,069$7,080$4,899$3,345$2,753
31 years$13,445$9,519$6,601$4,499$3,024$2,469
32 years$12,883$9,006$6,159$4,135$2,736$2,215
33 years$12,357$8,529$5,750$3,802$2,476$1,989
34 years$11,862$8,084$5,373$3,498$2,241$1,786
35 years$11,397$7,667$5,023$3,220$2,030$1,604
36 years$10,959$7,277$4,699$2,966$1,839$1,441
37 years$10,545$6,912$4,398$2,733$1,667$1,295
38 years$10,154$6,569$4,119$2,519$1,511$1,164
39 years$9,784$6,246$3,859$2,322$1,371$1,047
40 years$9,433$5,943$3,617$2,142$1,243$942
41 years$9,101$5,657$3,392$1,976$1,128$847
42 years$8,785$5,388$3,181$1,824$1,023$762
43 years$8,484$5,133$2,985$1,684$929$686
44 years$8,198$4,893$2,802$1,555$843$617
45 years$7,926$4,666$2,631$1,436$765$555
46 years$7,666$4,451$2,471$1,326$695$500
47 years$7,418$4,248$2,322$1,225$631$450
48 years$7,180$4,055$2,182$1,132$573$405
49 years$6,954$3,872$2,051$1,046$520$365
50 years$6,737$3,699$1,928$967$473$328

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $6,900,000, adding $5,878 every year, while hoping to spend $35,597 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: 61/16/23 Blend
50$6,900,000$6,900,000$6,900,000$6,900,000
51$7,609,863$7,244,163$7,137,213$8,027,442
52$8,348,194$7,561,252$7,338,435$8,628,232
53$9,160,642$7,892,686$7,545,204$9,279,246
54$10,054,729$8,239,129$7,757,670$9,989,016
55$11,038,743$8,601,278$7,975,984$10,763,266
56$12,121,818$8,979,863$8,200,302$11,608,296
57$13,314,015$9,375,648$8,430,784$12,531,035
58$14,626,423$9,789,434$8,667,594$13,539,111
59$16,071,260$10,222,058$8,910,900$14,640,918
60$17,661,988$10,674,398$9,160,875$15,845,693
61$19,413,441$11,147,374$9,417,694$17,163,605
62$21,341,965$11,641,948$9,681,540$18,605,847
63$23,465,572$12,159,130$9,952,598$20,184,740
64$25,804,108$12,699,975$10,231,058$21,913,848
65$28,379,444$13,265,591$10,517,116$23,808,106
66$31,215,679$13,857,137$10,810,971$25,883,954
67$34,339,368$14,475,826$11,112,828$28,159,498
68$37,779,774$15,122,932$11,422,898$30,654,670
69$41,569,142$15,799,786$11,741,395$33,391,423
70$45,743,003$16,507,785$12,068,541$36,393,928
71$50,340,514$17,248,390$12,404,562$39,688,806
72$55,404,819$18,023,135$12,749,688$43,305,372
73$60,983,466$18,833,623$13,104,157$47,275,914
74$67,128,846$19,681,537$13,468,213$51,635,991
75$73,898,695$20,568,639$13,842,105$56,424,769
76$81,356,633$21,496,774$14,226,087$61,685,387
77$89,572,770$22,467,876$14,620,421$67,465,358
78$98,624,362$23,483,971$15,025,374$73,817,022
79$108,596,544$24,547,183$15,441,222$80,798,028
80$119,583,133$25,659,736$15,868,244$88,471,883
81$131,687,510$26,823,961$16,306,728$96,908,543
82$145,023,601$28,042,301$16,756,968$106,185,068
83$159,716,949$29,317,313$17,219,267$116,386,354
84$175,905,897$30,651,681$17,693,932$127,605,923
85$193,742,900$32,048,215$18,181,280$139,946,802
86$213,395,956$33,509,858$18,681,634$153,522,497
87$235,050,200$35,039,697$19,195,325$168,458,054
88$258,909,644$36,640,966$19,722,692$184,891,239
89$285,199,108$38,317,054$20,264,082$202,973,831
90$314,166,338$40,071,511$20,819,850$222,873,052
91$346,084,349$41,908,059$21,390,359$244,773,138
92$381,253,998$43,830,599$21,975,982$268,877,075
93$420,006,826$45,843,219$22,577,097$295,408,508
94$462,708,187$47,950,202$23,194,095$324,613,847
95$509,760,699$50,156,038$23,827,373$356,764,589
96$561,608,039$52,465,432$24,477,339$392,159,869
97$618,739,138$54,883,318$25,144,409$431,129,283
98$681,692,792$57,414,862$25,829,009$474,035,990
99$751,062,750$60,065,483$26,531,574$521,280,133
100$827,503,318$62,840,860$27,252,549$573,302,609