Can I retire at age 51 with 6,200,000?

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 $6,200,000?

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$511,990$507,430$502,980$498,637$494,397$492,313
2 years$253,460$248,740$244,165$239,729$235,427$233,324
3 years$167,295$162,554$157,991$153,597$149,365$147,307
4 years$124,221$119,495$114,977$110,658$106,528$104,531
5 years$98,383$93,685$89,227$84,996$80,981$79,051
6 years$81,164$76,501$72,109$67,972$64,077$62,217
7 years$68,869$64,245$59,923$55,883$52,112$50,322
8 years$59,652$55,070$50,819$46,879$43,232$41,512
9 years$52,487$47,949$43,770$39,931$36,408$34,758
10 years$46,758$42,264$38,160$34,421$31,021$29,441
11 years$42,074$37,625$33,596$29,956$26,679$25,168
12 years$38,174$33,771$29,815$26,276$23,120$21,675
13 years$34,876$30,519$26,638$23,198$20,161$18,782
14 years$32,052$27,741$23,934$20,592$17,673$16,359
15 years$29,606$25,342$21,609$18,365$15,561$14,309
16 years$27,468$23,250$19,592$16,443$13,752$12,562
17 years$25,584$21,413$17,828$14,774$12,194$11,063
18 years$23,911$19,786$16,275$13,315$10,842$9,769
19 years$22,416$18,338$14,899$12,031$9,664$8,646
20 years$21,072$17,040$13,673$10,896$8,632$7,668
21 years$19,857$15,872$12,577$9,889$7,725$6,813
22 years$18,755$14,816$11,591$8,991$6,924$6,062
23 years$17,750$13,857$10,703$8,189$6,215$5,401
24 years$16,830$12,984$9,898$7,469$5,587$4,818
25 years$15,985$12,184$9,168$6,821$5,027$4,303
26 years$15,206$11,451$8,503$6,237$4,528$3,846
27 years$14,486$10,777$7,895$5,708$4,083$3,441
28 years$13,818$10,155$7,340$5,230$3,684$3,080
29 years$13,198$9,580$6,830$4,796$3,326$2,760
30 years$12,621$9,048$6,362$4,402$3,006$2,474
31 years$12,081$8,553$5,931$4,043$2,717$2,218
32 years$11,576$8,093$5,534$3,715$2,458$1,991
33 years$11,103$7,664$5,167$3,416$2,224$1,787
34 years$10,659$7,264$4,828$3,143$2,014$1,604
35 years$10,241$6,890$4,514$2,894$1,824$1,441
36 years$9,847$6,539$4,222$2,665$1,653$1,295
37 years$9,475$6,211$3,952$2,455$1,498$1,164
38 years$9,124$5,902$3,701$2,263$1,358$1,046
39 years$8,791$5,613$3,467$2,087$1,232$941
40 years$8,476$5,340$3,250$1,925$1,117$846
41 years$8,177$5,083$3,047$1,776$1,013$761
42 years$7,894$4,841$2,859$1,639$920$685
43 years$7,624$4,612$2,682$1,513$835$616
44 years$7,366$4,397$2,518$1,397$758$554
45 years$7,122$4,193$2,364$1,290$688$499
46 years$6,888$4,000$2,221$1,192$624$449
47 years$6,665$3,817$2,086$1,101$567$404
48 years$6,452$3,644$1,960$1,017$515$364
49 years$6,248$3,480$1,843$940$468$328
50 years$6,053$3,324$1,732$869$425$295

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $6,200,000, adding $4,764 every year, while hoping to spend $22,496 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: 46/47/7 Blend
50$6,200,000$6,200,000$6,200,000$6,200,000
51$6,837,314$6,508,714$6,412,614$7,138,528
52$7,510,785$6,803,705$6,603,501$7,641,259
53$8,252,195$7,112,398$6,800,029$8,183,561
54$9,068,452$7,435,438$7,002,363$8,771,300
55$9,967,164$7,773,505$7,210,672$9,408,681
56$10,956,718$8,127,309$7,425,133$10,100,317
57$12,046,353$8,497,597$7,645,924$10,851,272
58$13,246,250$8,885,148$7,873,232$11,667,107
59$14,567,628$9,290,782$8,107,246$12,553,925
60$16,022,850$9,715,354$8,348,163$13,518,430
61$17,625,539$10,159,764$8,596,184$14,567,985
62$19,390,705$10,624,954$8,851,517$15,710,680
63$21,334,890$11,111,909$9,114,376$16,955,400
64$23,476,321$11,621,665$9,384,980$18,311,913
65$25,835,084$12,155,305$9,663,555$19,790,950
66$28,433,313$12,713,965$9,950,334$21,404,309
67$31,295,397$13,298,836$10,245,557$23,164,958
68$34,448,213$13,911,164$10,549,468$25,087,153
69$37,921,378$14,552,259$10,862,323$27,186,571
70$41,747,528$15,223,489$11,184,381$29,480,452
71$45,962,628$15,926,292$11,515,909$31,987,753
72$50,606,309$16,662,174$11,857,185$34,729,327
73$55,722,244$17,432,711$12,208,492$37,728,112
74$61,358,557$18,239,559$12,570,121$41,009,339
75$67,568,283$19,084,450$12,942,374$44,600,768
76$74,409,863$19,969,203$13,325,558$48,532,944
77$81,947,696$20,895,721$13,719,991$52,839,474
78$90,252,751$21,866,002$14,126,001$57,557,341
79$99,403,234$22,882,138$14,543,924$62,727,245
80$109,485,323$23,946,322$14,974,105$68,393,980
81$120,593,989$25,060,855$15,416,900$74,606,847
82$132,833,885$26,228,146$15,872,676$81,420,112
83$146,320,339$27,450,723$16,341,808$88,893,510
84$161,180,440$28,731,234$16,824,685$97,092,799
85$177,554,236$30,072,456$17,321,703$106,090,371
86$195,596,062$31,477,300$17,833,274$115,965,924
87$215,475,989$32,948,817$18,359,818$126,807,208
88$237,381,437$34,490,206$18,901,769$138,710,838
89$261,518,938$36,104,820$19,459,572$151,783,194
90$288,116,088$37,796,175$20,033,687$166,141,416
91$317,423,698$39,567,956$20,624,584$181,914,496
92$349,718,157$41,424,028$21,232,749$199,244,483
93$385,304,043$43,368,439$21,858,680$218,287,805
94$424,517,001$45,405,439$22,502,892$239,216,739
95$467,726,907$47,539,477$23,165,910$262,221,016
96$515,341,362$49,775,222$23,848,279$287,509,598
97$567,809,541$52,117,567$24,550,556$315,312,633
98$625,626,429$54,571,643$25,273,315$345,883,611
99$689,337,500$57,142,829$26,017,146$379,501,739
100$759,543,861$59,836,764$26,782,657$416,474,553