Can I retire at age 51 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$520,248$515,614$511,093$506,680$502,371$494,864
2 years$257,549$252,752$248,103$243,596$239,224$231,678
3 years$169,994$165,176$160,539$156,074$151,774$144,423
4 years$126,225$121,422$116,831$112,443$108,246$101,147
5 years$99,970$95,196$90,666$86,367$82,287$75,461
6 years$82,473$77,735$73,272$69,068$65,111$58,565
7 years$69,980$65,282$60,889$56,785$52,953$46,690
8 years$60,614$55,958$51,639$47,635$43,929$37,949
9 years$53,333$48,722$44,476$40,575$36,995$31,293
10 years$47,512$42,946$38,776$34,976$31,521$26,094
11 years$42,753$38,232$34,137$30,439$27,110$21,951
12 years$38,789$34,315$30,296$26,700$23,493$18,597
13 years$35,438$31,011$27,068$23,572$20,486$15,846
14 years$32,569$28,188$24,320$20,924$17,958$13,567
15 years$30,084$25,750$21,958$18,661$15,812$11,661
16 years$27,911$23,625$19,908$16,709$13,974$10,057
17 years$25,997$21,758$18,116$15,013$12,391$8,697
18 years$24,297$20,106$16,537$13,529$11,017$7,539
19 years$22,777$18,634$15,139$12,225$9,820$6,549
20 years$21,412$17,315$13,894$11,072$8,771$5,698
21 years$20,178$16,128$12,780$10,049$7,849$4,966
22 years$19,057$15,055$11,778$9,136$7,036$4,333
23 years$18,036$14,081$10,875$8,321$6,316$3,785
24 years$17,101$13,193$10,058$7,589$5,677$3,310
25 years$16,242$12,381$9,316$6,931$5,108$2,896
26 years$15,451$11,636$8,640$6,337$4,601$2,537
27 years$14,719$10,951$8,023$5,801$4,148$2,223
28 years$14,041$10,319$7,458$5,315$3,743$1,949
29 years$13,411$9,735$6,940$4,874$3,380$1,710
30 years$12,824$9,193$6,465$4,473$3,054$1,501
31 years$12,276$8,691$6,027$4,108$2,761$1,317
32 years$11,763$8,223$5,623$3,775$2,498$1,157
33 years$11,282$7,788$5,250$3,472$2,260$1,016
34 years$10,831$7,381$4,906$3,194$2,047$893
35 years$10,406$7,001$4,586$2,940$1,854$785
36 years$10,006$6,645$4,291$2,708$1,679$690
37 years$9,628$6,311$4,016$2,495$1,522$607
38 years$9,271$5,998$3,761$2,300$1,380$533
39 years$8,933$5,703$3,523$2,121$1,251$469
40 years$8,613$5,426$3,302$1,956$1,135$413
41 years$8,309$5,165$3,097$1,805$1,030$363
42 years$8,021$4,919$2,905$1,665$934$319
43 years$7,746$4,687$2,726$1,537$848$281
44 years$7,485$4,468$2,559$1,419$770$247
45 years$7,236$4,260$2,402$1,311$699$217
46 years$6,999$4,064$2,256$1,211$634$191
47 years$6,773$3,878$2,120$1,119$576$168
48 years$6,556$3,702$1,992$1,034$523$148
49 years$6,349$3,536$1,872$955$475$130
50 years$6,151$3,377$1,760$883$432$115

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $6,300,000, adding $3,193 every year, while hoping to spend $43,928 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: 66/21/13 Blend
50$6,300,000$6,300,000$6,300,000$6,300,000
51$6,945,894$6,611,994$6,514,344$7,383,408
52$7,607,636$6,889,242$6,685,835$7,952,923
53$8,335,403$7,178,604$6,861,599$8,569,722
54$9,135,884$7,480,625$7,041,733$9,242,786
55$10,016,448$7,795,880$7,226,334$9,977,616
56$10,985,213$8,124,965$7,415,504$10,780,261
57$12,051,126$8,468,510$7,609,345$11,657,380
58$13,224,043$8,827,168$7,807,959$12,616,300
59$14,514,823$9,201,628$8,011,454$13,665,087
60$15,935,434$9,592,607$8,219,937$14,812,615
61$17,499,061$10,000,856$8,433,517$16,068,655
62$19,220,231$10,427,164$8,652,306$17,443,963
63$21,114,953$10,872,353$8,876,416$18,950,378
64$23,200,865$11,337,286$9,105,963$20,600,934
65$25,497,405$11,822,864$9,341,064$22,409,983
66$28,025,988$12,330,033$9,581,838$24,393,326
67$30,810,214$12,859,779$9,828,405$26,568,361
68$33,876,086$13,413,139$10,080,887$28,954,245
69$37,252,259$13,991,196$10,339,409$31,572,076
70$40,970,308$14,595,082$10,604,097$34,445,084
71$45,065,024$15,225,986$10,875,080$37,598,853
72$49,574,748$15,885,151$11,152,486$41,061,561
73$54,541,726$16,573,876$11,436,448$44,864,239
74$60,012,511$17,293,526$11,727,098$49,041,064
75$66,038,404$18,045,525$12,024,573$53,629,680
76$72,675,933$18,831,368$12,329,008$58,671,550
77$79,987,392$19,652,618$12,640,543$64,212,343
78$88,041,422$20,510,913$12,959,317$70,302,365
79$96,913,665$21,407,966$13,285,473$76,997,028
80$106,687,476$22,345,573$13,619,153$84,357,372
81$117,454,707$23,325,615$13,960,503$92,450,638
82$129,316,577$24,350,060$14,309,670$101,350,897
83$142,384,624$25,420,969$14,666,800$111,139,748
84$156,781,762$26,540,502$15,032,043$121,907,084
85$172,643,435$27,710,921$15,405,551$133,751,935
86$190,118,902$28,934,592$15,787,473$146,783,404
87$209,372,641$30,213,998$16,177,964$161,121,684
88$230,585,901$31,551,735$16,577,177$176,899,196
89$253,958,418$32,950,525$16,985,267$194,261,832
90$279,710,293$34,413,217$17,402,390$213,370,325
91$308,084,075$35,942,797$17,828,703$234,401,765
92$339,347,048$37,542,391$18,264,361$257,551,262
93$373,793,753$39,215,275$18,709,524$283,033,786
94$411,748,772$40,964,879$19,164,349$311,086,189
95$453,569,786$42,794,797$19,628,994$341,969,433
96$499,650,957$44,708,795$20,103,618$375,971,051
97$550,426,644$46,710,816$20,588,379$413,407,852
98$606,375,507$48,804,991$21,083,435$454,628,905
99$668,025,023$50,995,650$21,588,944$500,018,831
100$735,956,464$53,287,326$22,105,062$550,001,422