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%19%
1 years$569,796$564,720$559,768$554,935$550,216$530,272
2 years$282,077$276,824$271,732$266,796$262,007$242,133
3 years$186,183$180,907$175,829$170,939$166,228$147,049
4 years$138,246$132,986$127,958$123,152$118,555$100,217
5 years$109,491$104,263$99,301$94,592$90,124$72,674
6 years$90,327$85,138$80,250$75,646$71,312$54,763
7 years$76,644$71,499$66,688$62,193$57,996$42,345
8 years$66,387$61,288$56,557$52,172$48,113$33,346
9 years$58,413$53,362$48,712$44,439$40,518$26,616
10 years$52,037$47,036$42,468$38,307$34,524$21,461
11 years$46,825$41,873$37,389$33,338$29,691$17,441
12 years$42,484$37,583$33,181$29,242$25,730$14,262
13 years$38,814$33,964$29,645$25,817$22,437$11,720
14 years$35,670$30,873$26,637$22,917$19,668$9,669
15 years$32,949$28,203$24,049$20,438$17,317$8,003
16 years$30,570$25,875$21,804$18,300$15,305$6,641
17 years$28,473$23,830$19,841$16,442$13,571$5,522
18 years$26,611$22,020$18,112$14,818$12,066$4,600
19 years$24,947$20,408$16,581$13,389$10,755$3,838
20 years$23,451$18,964$15,217$12,127$9,607$3,206
21 years$22,099$17,665$13,997$11,006$8,597$2,680
22 years$20,872$16,489$12,900$10,007$7,706$2,243
23 years$19,754$15,422$11,911$9,113$6,917$1,878
24 years$18,730$14,449$11,016$8,312$6,217$1,573
25 years$17,789$13,560$10,203$7,591$5,595$1,319
26 years$16,922$12,744$9,463$6,941$5,039$1,106
27 years$16,121$11,994$8,787$6,353$4,543$928
28 years$15,379$11,302$8,168$5,821$4,100$779
29 years$14,688$10,662$7,601$5,338$3,702$653
30 years$14,045$10,069$7,080$4,899$3,345$549
31 years$13,445$9,519$6,601$4,499$3,024$461
32 years$12,883$9,006$6,159$4,135$2,736$387
33 years$12,357$8,529$5,750$3,802$2,476$325
34 years$11,862$8,084$5,373$3,498$2,241$273
35 years$11,397$7,667$5,023$3,220$2,030$229
36 years$10,959$7,277$4,699$2,966$1,839$192
37 years$10,545$6,912$4,398$2,733$1,667$162
38 years$10,154$6,569$4,119$2,519$1,511$136
39 years$9,784$6,246$3,859$2,322$1,371$114
40 years$9,433$5,943$3,617$2,142$1,243$96
41 years$9,101$5,657$3,392$1,976$1,128$81
42 years$8,785$5,388$3,181$1,824$1,023$68
43 years$8,484$5,133$2,985$1,684$929$57
44 years$8,198$4,893$2,802$1,555$843$48
45 years$7,926$4,666$2,631$1,436$765$40
46 years$7,666$4,451$2,471$1,326$695$34
47 years$7,418$4,248$2,322$1,225$631$28
48 years$7,180$4,055$2,182$1,132$573$24
49 years$6,954$3,872$2,051$1,046$520$20
50 years$6,737$3,699$1,928$967$473$17

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 $3,678 every year, while hoping to spend $20,005 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: 57/19/24 Blend
50$6,900,000$6,900,000$6,900,000$6,900,000
51$7,607,594$7,241,894$7,134,944$7,991,481
52$8,362,283$7,575,461$7,352,679$8,587,915
53$9,193,281$7,924,703$7,577,038$9,235,206
54$10,108,348$8,290,367$7,808,222$9,940,272
55$11,116,039$8,673,234$8,046,437$10,708,692
56$12,225,778$9,074,126$8,291,896$11,546,605
57$13,447,952$9,493,903$8,544,819$12,460,760
58$14,794,005$9,933,465$8,805,432$13,458,580
59$16,276,547$10,393,759$9,073,968$14,548,234
60$17,909,476$10,875,774$9,350,666$15,738,707
61$19,708,104$11,380,549$9,635,775$17,039,887
62$21,689,305$11,909,171$9,929,549$18,462,654
63$23,871,676$12,462,781$10,232,250$20,018,978
64$26,275,704$13,042,575$10,544,148$21,722,038
65$28,923,971$13,649,806$10,865,522$23,586,335
66$31,841,358$14,285,788$11,196,659$25,627,831
67$35,055,283$14,951,899$11,537,853$27,864,096
68$38,595,961$15,649,580$11,889,410$30,314,473
69$42,496,686$16,380,348$12,251,643$33,000,256
70$46,794,150$17,145,786$12,624,875$35,944,886
71$51,528,783$17,947,560$13,009,438$39,174,176
72$56,745,140$18,787,412$13,405,676$42,716,543
73$62,492,319$19,667,169$13,813,940$46,603,281
74$68,824,424$20,588,749$14,234,596$50,868,846
75$75,801,078$21,554,160$14,668,017$55,551,183
76$83,487,981$22,565,507$15,114,589$60,692,077
77$91,957,538$23,625,000$15,574,710$66,337,547
78$101,289,533$24,734,951$16,048,790$72,538,271
79$111,571,890$25,897,788$16,537,249$79,350,067
80$122,901,499$27,116,056$17,040,522$86,834,409
81$135,385,130$28,392,421$17,559,058$95,059,007
82$149,140,443$29,729,679$18,093,316$104,098,440
83$164,297,098$31,130,763$18,643,772$114,034,855
84$180,997,978$32,598,747$19,210,914$124,958,736
85$199,400,539$34,136,852$19,795,247$136,969,755
86$219,678,295$35,748,460$20,397,289$150,177,706
87$242,022,458$37,437,111$21,017,576$164,703,535
88$266,643,741$39,206,521$21,656,656$180,680,475
89$293,774,346$41,060,584$22,315,098$198,255,302
90$323,670,161$43,003,385$22,993,485$217,589,705
91$356,613,170$45,039,203$23,692,420$238,861,814
92$392,914,119$47,172,530$24,412,521$262,267,869
93$432,915,446$49,408,071$25,154,428$288,024,066
94$476,994,518$51,750,762$25,918,797$316,368,590
95$525,567,188$54,205,779$26,706,306$347,563,856
96$579,091,726$56,778,547$27,517,652$381,898,977
97$638,073,142$59,474,756$28,353,554$419,692,480
98$703,067,956$62,300,373$29,214,751$461,295,312
99$774,689,449$65,261,652$30,102,007$507,094,135
100$853,613,454$68,365,154$31,016,105$557,514,968