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

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$495,474$491,061$486,755$482,552$478,448$463,133
2 years$245,284$240,716$236,289$231,996$227,833$212,544
3 years$161,899$157,311$152,895$148,642$144,546$129,764
4 years$120,214$115,640$111,268$107,088$103,092$88,929
5 years$95,210$90,663$86,349$82,254$78,369$64,864
6 years$78,545$74,033$69,782$65,779$62,010$49,174
7 years$66,647$62,173$57,990$54,081$50,431$38,263
8 years$57,728$53,294$49,180$45,367$41,837$30,328
9 years$50,794$46,402$42,359$38,643$35,233$24,370
10 years$45,250$40,901$36,929$33,310$30,020$19,787
11 years$40,717$36,412$32,512$28,990$25,819$16,196
12 years$36,942$32,681$28,853$25,428$22,374$13,341
13 years$33,751$29,534$25,779$22,449$19,510$11,046
14 years$31,018$26,846$23,162$19,928$17,103$9,183
15 years$28,651$24,524$20,912$17,772$15,059$7,660
16 years$26,582$22,500$18,960$15,913$13,309$6,407
17 years$24,759$20,722$17,253$14,298$11,801$5,371
18 years$23,140$19,148$15,750$12,885$10,492$4,512
19 years$21,693$17,746$14,418$11,643$9,352$3,795
20 years$20,392$16,491$13,232$10,545$8,354$3,197
21 years$19,217$15,360$12,171$9,570$7,475$2,696
22 years$18,150$14,338$11,218$8,701$6,701$2,275
23 years$17,177$13,410$10,357$7,925$6,015$1,922
24 years$16,287$12,565$9,579$7,228$5,406$1,624
25 years$15,469$11,791$8,872$6,601$4,865$1,374
26 years$14,715$11,082$8,228$6,035$4,382$1,162
27 years$14,018$10,429$7,641$5,524$3,951$984
28 years$13,373$9,828$7,103$5,061$3,565$833
29 years$12,773$9,271$6,610$4,641$3,219$705
30 years$12,213$8,756$6,157$4,260$2,909$597
31 years$11,691$8,277$5,740$3,912$2,630$506
32 years$11,203$7,832$5,355$3,595$2,379$429
33 years$10,745$7,417$5,000$3,306$2,153$363
34 years$10,315$7,029$4,672$3,042$1,949$308
35 years$9,911$6,667$4,368$2,800$1,765$261
36 years$9,529$6,328$4,086$2,579$1,599$221
37 years$9,170$6,010$3,825$2,376$1,450$188
38 years$8,830$5,712$3,582$2,190$1,314$159
39 years$8,508$5,432$3,356$2,020$1,192$135
40 years$8,203$5,168$3,145$1,863$1,081$114
41 years$7,914$4,919$2,949$1,719$981$97
42 years$7,639$4,685$2,766$1,586$890$82
43 years$7,378$4,464$2,596$1,464$808$70
44 years$7,129$4,255$2,437$1,352$733$59
45 years$6,892$4,057$2,288$1,248$666$50
46 years$6,666$3,871$2,149$1,153$604$43
47 years$6,450$3,694$2,019$1,065$549$36
48 years$6,244$3,526$1,897$985$498$31
49 years$6,047$3,367$1,783$910$453$26
50 years$5,858$3,217$1,677$841$411$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $6,000,000, adding $3,204 every year, while hoping to spend $39,272 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: 57/34/9 Blend
50$6,000,000$6,000,000$6,000,000$6,000,000
51$6,615,305$6,297,305$6,204,305$6,978,171
52$7,248,281$6,564,088$6,370,364$7,489,874
53$7,944,504$6,842,627$6,540,670$8,042,486
54$8,710,385$7,133,456$6,715,323$8,643,645
55$9,552,984$7,437,136$6,894,427$9,297,994
56$10,480,085$7,754,252$7,078,086$10,010,641
57$11,500,259$8,085,416$7,266,408$10,787,199
58$12,622,955$8,431,270$7,459,502$11,633,842
59$13,858,579$8,792,486$7,657,478$12,557,356
60$15,218,602$9,169,766$7,860,452$13,565,209
61$16,715,661$9,563,846$8,068,538$14,665,610
62$18,363,680$9,975,495$8,281,855$15,867,592
63$20,178,001$10,405,521$8,500,524$17,181,092
64$22,175,532$10,854,766$8,724,666$18,617,042
65$24,374,902$11,324,115$8,954,408$20,187,470
66$26,796,637$11,814,492$9,189,876$21,905,612
67$29,463,358$12,326,866$9,431,200$23,786,034
68$32,399,988$12,862,250$9,678,513$25,844,766
69$35,633,992$13,421,705$9,931,949$28,099,450
70$39,195,635$14,006,345$10,191,645$30,569,507
71$43,118,265$14,617,331$10,457,740$33,276,313
72$47,438,631$15,255,883$10,730,377$36,243,397
73$52,197,227$15,923,276$11,009,700$39,496,665
74$57,438,674$16,620,847$11,295,856$43,064,637
75$63,212,146$17,349,996$11,588,994$46,978,712
76$69,571,825$18,112,186$11,889,265$51,273,463
77$76,577,421$18,908,953$12,196,825$55,986,956
78$84,294,729$19,741,903$12,511,831$61,161,109
79$92,796,255$20,612,720$12,834,441$66,842,080
80$102,161,896$21,523,166$13,164,817$73,080,700
81$112,479,696$22,475,087$13,503,125$79,932,947
82$123,846,675$23,470,417$13,849,530$87,460,468
83$136,369,750$24,511,181$14,204,203$95,731,160
84$150,166,735$25,599,499$14,567,314$104,819,801
85$165,367,461$26,737,594$14,939,039$114,808,751
86$182,114,999$27,927,793$15,319,553$125,788,724
87$200,567,008$29,172,534$15,709,037$137,859,640
88$220,897,224$30,474,369$16,107,671$151,131,557
89$243,297,102$31,835,975$16,515,640$165,725,706
90$267,977,622$33,260,153$16,933,128$181,775,630
91$295,171,277$34,749,838$17,360,326$199,428,432
92$325,134,272$36,308,105$17,797,422$218,846,160
93$358,148,943$37,938,177$18,244,611$240,207,326
94$394,526,415$39,643,428$18,702,086$263,708,584
95$434,609,548$41,427,395$19,170,044$289,566,576
96$478,776,166$43,293,780$19,648,684$318,019,970
97$527,442,626$45,246,467$20,138,206$349,331,699
98$581,067,751$47,289,521$20,638,813$383,791,439
99$640,157,157$49,427,203$21,150,709$421,718,324
100$705,268,028$51,663,977$21,674,099$463,463,958