Can I retire at age 51 with 6,100,000?

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$503,732$499,245$494,868$490,595$486,423$473,703
2 years$249,372$244,728$240,227$235,863$231,630$218,901
3 years$164,597$159,933$155,443$151,120$146,955$134,617
4 years$122,217$117,567$113,123$108,873$104,810$92,956
5 years$96,796$92,174$87,788$83,625$79,675$68,338
6 years$79,855$75,267$70,946$66,876$63,044$52,236
7 years$67,758$63,209$58,956$54,982$51,272$40,993
8 years$58,690$54,182$49,999$46,123$42,535$32,780
9 years$51,640$47,175$43,064$39,287$35,820$26,581
10 years$46,004$41,583$37,545$33,866$30,521$21,786
11 years$41,396$37,019$33,054$29,473$26,249$18,005
12 years$37,558$33,226$29,334$25,852$22,747$14,979
13 years$34,313$30,026$26,208$22,823$19,836$12,528
14 years$31,535$27,293$23,548$20,260$17,388$10,524
15 years$29,129$24,933$21,261$18,068$15,310$8,872
16 years$27,025$22,875$19,276$16,178$13,531$7,501
17 years$25,171$21,067$17,540$14,536$11,997$6,358
18 years$23,525$19,467$16,012$13,100$10,667$5,400
19 years$22,054$18,042$14,658$11,837$9,508$4,594
20 years$20,732$16,766$13,453$10,721$8,493$3,914
21 years$19,537$15,616$12,374$9,730$7,600$3,339
22 years$18,452$14,577$11,405$8,846$6,812$2,851
23 years$17,463$13,634$10,530$8,057$6,115$2,437
24 years$16,558$12,774$9,739$7,348$5,496$2,084
25 years$15,727$11,988$9,020$6,711$4,946$1,784
26 years$14,960$11,267$8,365$6,136$4,455$1,528
27 years$14,252$10,603$7,768$5,616$4,017$1,309
28 years$13,596$9,991$7,221$5,146$3,624$1,122
29 years$12,985$9,426$6,720$4,719$3,273$962
30 years$12,417$8,902$6,260$4,331$2,957$825
31 years$11,886$8,415$5,836$3,977$2,673$708
32 years$11,390$7,962$5,445$3,655$2,418$607
33 years$10,924$7,540$5,084$3,361$2,189$521
34 years$10,487$7,147$4,750$3,093$1,982$447
35 years$10,076$6,778$4,441$2,847$1,795$384
36 years$9,688$6,434$4,154$2,622$1,626$330
37 years$9,322$6,111$3,888$2,416$1,474$283
38 years$8,977$5,807$3,641$2,227$1,336$243
39 years$8,650$5,522$3,412$2,053$1,212$209
40 years$8,340$5,254$3,198$1,894$1,099$179
41 years$8,046$5,001$2,998$1,747$997$154
42 years$7,766$4,763$2,813$1,613$905$132
43 years$7,501$4,538$2,639$1,489$821$114
44 years$7,248$4,326$2,477$1,374$745$97
45 years$7,007$4,125$2,326$1,269$677$84
46 years$6,777$3,935$2,185$1,172$614$72
47 years$6,558$3,755$2,053$1,083$558$62
48 years$6,348$3,585$1,929$1,001$507$53
49 years$6,148$3,423$1,813$925$460$46
50 years$5,956$3,270$1,704$855$418$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $6,100,000, adding $2,053 every year, while hoping to spend $34,226 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: 39/44/17 Blend
50$6,100,000$6,100,000$6,100,000$6,100,000
51$6,724,318$6,401,018$6,306,468$6,952,304
52$7,373,782$6,678,251$6,481,318$7,392,694
53$8,088,344$6,967,922$6,660,879$7,865,124
54$8,874,609$7,270,604$6,845,272$8,375,227
55$9,739,852$7,586,897$7,034,621$8,926,429
56$10,692,091$7,917,428$7,229,055$9,522,487
57$11,740,159$8,262,858$7,428,704$10,167,527
58$12,893,791$8,623,874$7,633,701$10,866,072
59$14,163,712$9,001,198$7,844,184$11,623,090
60$15,561,740$9,395,585$8,060,293$12,444,033
61$17,100,896$9,807,827$8,282,172$13,334,887
62$18,795,530$10,238,753$8,509,967$14,302,229
63$20,661,452$10,689,230$8,743,829$15,353,280
64$22,716,084$11,160,167$8,983,912$16,495,976
65$24,978,625$11,652,515$9,230,373$17,739,032
66$27,470,228$12,167,272$9,483,374$19,092,031
67$30,214,204$12,705,481$9,743,080$20,565,500
68$33,236,239$13,268,236$10,009,659$22,171,015
69$36,564,638$13,856,681$10,283,284$23,921,297
70$40,230,589$14,472,017$10,564,133$25,830,338
71$44,268,463$15,115,500$10,852,385$27,913,520
72$48,716,132$15,788,445$11,148,226$30,187,761
73$53,615,330$16,492,232$11,451,844$32,671,665
74$59,012,047$17,228,304$11,763,434$35,385,700
75$64,956,959$17,998,174$12,083,192$38,352,377
76$71,505,911$18,803,427$12,411,321$41,596,466
77$78,720,441$19,645,722$12,748,028$45,145,216
78$86,668,363$20,526,799$13,093,524$49,028,613
79$95,424,403$21,448,480$13,448,024$53,279,651
80$105,070,910$22,412,673$13,811,750$57,934,642
81$115,698,626$23,421,377$14,184,928$63,033,548
82$127,407,550$24,476,689$14,567,787$68,620,354
83$140,307,876$25,580,802$14,960,563$74,743,474
84$154,521,034$26,736,016$15,363,497$81,456,201
85$170,180,840$27,944,741$15,776,834$88,817,200
86$187,434,754$29,209,502$16,200,826$96,891,058
87$206,445,274$30,532,943$16,635,729$105,748,877
88$227,391,471$31,917,836$17,081,805$115,468,946
89$250,470,676$33,367,085$17,539,321$126,137,461
90$275,900,347$34,883,734$18,008,550$137,849,333
91$303,920,116$36,470,971$18,489,771$150,709,072
92$334,794,057$38,132,138$18,983,267$164,831,765
93$368,813,174$39,870,735$19,489,329$180,344,146
94$406,298,149$41,690,433$20,008,253$197,385,785
95$447,602,372$43,595,076$20,540,341$216,110,389
96$493,115,273$45,588,693$21,085,901$236,687,242
97$543,265,999$47,675,508$21,645,248$259,302,786
98$598,527,468$49,859,945$22,218,701$284,162,373
99$659,420,829$52,146,642$22,806,587$311,492,178
100$726,520,386$54,540,459$23,409,239$341,541,329