Can I retire at age 51 with 6,800,000?

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 $6,800,000?

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$561,538$556,536$551,656$546,893$542,242$539,957
2 years$277,989$272,812$267,794$262,929$258,210$255,904
3 years$183,485$178,285$173,280$168,461$163,819$161,562
4 years$136,242$131,059$126,104$121,367$116,837$114,647
5 years$107,904$102,752$97,862$93,221$88,818$86,701
6 years$89,018$83,904$79,087$74,550$70,279$68,238
7 years$75,534$70,463$65,722$61,292$57,155$55,192
8 years$65,425$60,400$55,737$51,416$47,416$45,530
9 years$57,566$52,589$48,006$43,795$39,931$38,122
10 years$51,283$46,354$41,853$37,752$34,023$32,290
11 years$46,146$41,267$36,847$32,855$29,261$27,603
12 years$41,868$37,039$32,701$28,819$25,357$23,773
13 years$38,251$33,472$29,216$25,442$22,112$20,600
14 years$35,153$30,425$26,250$22,585$19,383$17,942
15 years$32,471$27,794$23,701$20,142$17,066$15,694
16 years$30,127$25,500$21,488$18,035$15,083$13,778
17 years$28,060$23,485$19,553$16,204$13,374$12,134
18 years$26,225$21,701$17,850$14,603$11,891$10,714
19 years$24,585$20,112$16,341$13,195$10,599$9,483
20 years$23,111$18,689$14,997$11,951$9,467$8,410
21 years$21,779$17,408$13,794$10,846$8,472$7,472
22 years$20,570$16,250$12,713$9,862$7,594$6,649
23 years$19,467$15,198$11,738$8,981$6,817$5,924
24 years$18,458$14,240$10,856$8,191$6,127$5,285
25 years$17,531$13,364$10,055$7,481$5,514$4,719
26 years$16,677$12,560$9,325$6,840$4,966$4,218
27 years$15,888$11,820$8,659$6,261$4,478$3,774
28 years$15,156$11,138$8,050$5,736$4,040$3,379
29 years$14,476$10,507$7,491$5,260$3,648$3,027
30 years$13,842$9,923$6,978$4,828$3,296$2,713
31 years$13,250$9,381$6,505$4,434$2,980$2,433
32 years$12,697$8,876$6,070$4,075$2,696$2,183
33 years$12,178$8,406$5,667$3,747$2,440$1,960
34 years$11,690$7,967$5,295$3,448$2,209$1,760
35 years$11,232$7,556$4,950$3,174$2,001$1,581
36 years$10,800$7,172$4,631$2,923$1,813$1,420
37 years$10,392$6,812$4,335$2,693$1,643$1,277
38 years$10,007$6,474$4,059$2,482$1,489$1,148
39 years$9,642$6,156$3,803$2,289$1,351$1,032
40 years$9,297$5,857$3,565$2,111$1,225$928
41 years$8,969$5,575$3,342$1,948$1,111$835
42 years$8,657$5,309$3,135$1,798$1,009$751
43 years$8,361$5,059$2,942$1,659$915$676
44 years$8,079$4,822$2,762$1,532$831$608
45 years$7,811$4,598$2,593$1,415$754$547
46 years$7,555$4,387$2,435$1,307$685$493
47 years$7,310$4,186$2,288$1,208$622$443
48 years$7,076$3,996$2,150$1,116$565$399
49 years$6,853$3,816$2,021$1,031$513$359
50 years$6,639$3,645$1,900$953$466$324

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $6,800,000, adding $3,856 every year, while hoping to spend $26,528 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: 70/18/12 Blend
50$6,800,000$6,800,000$6,800,000$6,800,000
51$7,497,577$7,137,177$7,031,777$8,003,019
52$8,234,105$7,458,674$7,239,116$8,660,308
53$9,044,869$7,795,034$7,452,512$9,375,783
54$9,937,414$8,146,959$7,672,139$10,158,058
55$10,920,052$8,515,182$7,898,178$11,013,706
56$12,001,944$8,900,472$8,130,814$11,949,962
57$13,193,182$9,303,635$8,370,236$12,974,786
58$14,504,888$9,725,515$8,616,640$14,096,942
59$15,949,317$10,166,996$8,870,228$15,326,075
60$17,539,973$10,629,005$9,131,207$16,672,804
61$19,291,737$11,112,512$9,399,789$18,148,816
62$21,221,006$11,618,537$9,676,193$19,766,980
63$23,345,847$12,148,144$9,960,644$21,541,462
64$25,686,171$12,702,451$10,253,374$23,487,863
65$28,263,919$13,282,629$10,554,620$25,623,356
66$31,103,266$13,889,905$10,864,627$27,966,853
67$34,230,854$14,525,566$11,183,647$30,539,180
68$37,676,041$15,190,958$11,511,939$33,363,271
69$41,471,176$15,887,493$11,849,768$36,464,378
70$45,651,908$16,616,653$12,197,407$39,870,316
71$50,257,522$17,379,988$12,555,139$43,611,716
72$55,331,305$18,179,123$12,923,252$47,722,313
73$60,920,960$19,015,763$13,302,044$52,239,265
74$67,079,056$19,891,692$13,691,820$57,203,497
75$73,863,518$20,808,784$14,092,894$62,660,085
76$81,338,180$21,768,998$14,505,590$68,658,683
77$89,573,387$22,774,391$14,930,239$75,253,982
78$98,646,654$23,827,118$15,367,184$82,506,229
79$108,643,403$24,929,437$15,816,775$90,481,787
80$119,657,766$26,083,716$16,279,373$99,253,762
81$131,793,476$27,292,435$16,755,349$108,902,688
82$145,164,842$28,558,196$17,245,085$119,517,282
83$159,897,834$29,883,725$17,748,973$131,195,280
84$176,131,265$31,271,880$18,267,416$144,044,353
85$194,018,107$32,725,655$18,800,828$158,183,121
86$213,726,933$34,248,191$19,349,634$173,742,266
87$235,443,507$35,842,780$19,914,274$190,865,764
88$259,372,539$37,512,870$20,495,197$209,712,233
89$285,739,617$39,262,080$21,092,865$230,456,435
90$314,793,336$41,094,200$21,707,754$253,290,909
91$346,807,645$43,013,204$22,340,352$278,427,791
92$382,084,433$45,023,260$22,991,162$306,100,809
93$420,956,380$47,128,734$23,660,701$336,567,479
94$463,790,094$49,334,205$24,349,498$370,111,535
95$510,989,576$51,644,474$25,058,098$407,045,597
96$563,000,031$54,064,571$25,787,063$447,714,115
97$620,312,073$56,599,774$26,536,968$492,496,617
98$683,466,353$59,255,611$27,308,405$541,811,280
99$753,058,667$62,037,882$28,101,983$596,118,871
100$829,745,577$64,952,665$28,918,325$655,927,087