Can I retire at age 51 with 6,900,000?

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$569,796$564,720$559,768$554,935$550,216$536,914
2 years$282,077$276,824$271,732$266,796$262,007$248,687
3 years$186,183$180,907$175,829$170,939$166,228$153,304
4 years$138,246$132,986$127,958$123,152$118,555$106,128
5 years$109,491$104,263$99,301$94,592$90,124$78,227
6 years$90,327$85,138$80,250$75,646$71,312$59,958
7 years$76,644$71,499$66,688$62,193$57,996$47,186
8 years$66,387$61,288$56,557$52,172$48,113$37,843
9 years$58,413$53,362$48,712$44,439$40,518$30,780
10 years$52,037$47,036$42,468$38,307$34,524$25,305
11 years$46,825$41,873$37,389$33,338$29,691$20,981
12 years$42,484$37,583$33,181$29,242$25,730$17,512
13 years$38,814$33,964$29,645$25,817$22,437$14,696
14 years$35,670$30,873$26,637$22,917$19,668$12,387
15 years$32,949$28,203$24,049$20,438$17,317$10,479
16 years$30,570$25,875$21,804$18,300$15,305$8,892
17 years$28,473$23,830$19,841$16,442$13,571$7,564
18 years$26,611$22,020$18,112$14,818$12,066$6,448
19 years$24,947$20,408$16,581$13,389$10,755$5,506
20 years$23,451$18,964$15,217$12,127$9,607$4,709
21 years$22,099$17,665$13,997$11,006$8,597$4,033
22 years$20,872$16,489$12,900$10,007$7,706$3,457
23 years$19,754$15,422$11,911$9,113$6,917$2,966
24 years$18,730$14,449$11,016$8,312$6,217$2,547
25 years$17,789$13,560$10,203$7,591$5,595$2,189
26 years$16,922$12,744$9,463$6,941$5,039$1,882
27 years$16,121$11,994$8,787$6,353$4,543$1,619
28 years$15,379$11,302$8,168$5,821$4,100$1,393
29 years$14,688$10,662$7,601$5,338$3,702$1,199
30 years$14,045$10,069$7,080$4,899$3,345$1,033
31 years$13,445$9,519$6,601$4,499$3,024$890
32 years$12,883$9,006$6,159$4,135$2,736$767
33 years$12,357$8,529$5,750$3,802$2,476$661
34 years$11,862$8,084$5,373$3,498$2,241$569
35 years$11,397$7,667$5,023$3,220$2,030$491
36 years$10,959$7,277$4,699$2,966$1,839$423
37 years$10,545$6,912$4,398$2,733$1,667$365
38 years$10,154$6,569$4,119$2,519$1,511$315
39 years$9,784$6,246$3,859$2,322$1,371$271
40 years$9,433$5,943$3,617$2,142$1,243$234
41 years$9,101$5,657$3,392$1,976$1,128$202
42 years$8,785$5,388$3,181$1,824$1,023$174
43 years$8,484$5,133$2,985$1,684$929$150
44 years$8,198$4,893$2,802$1,555$843$130
45 years$7,926$4,666$2,631$1,436$765$112
46 years$7,666$4,451$2,471$1,326$695$96
47 years$7,418$4,248$2,322$1,225$631$83
48 years$7,180$4,055$2,182$1,132$573$72
49 years$6,954$3,872$2,051$1,046$520$62
50 years$6,737$3,699$1,928$967$473$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $6,900,000, adding $3,766 every year, while hoping to spend $55,252 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: 80/6/14 Blend
50$6,900,000$6,900,000$6,900,000$6,900,000
51$7,607,685$7,241,985$7,135,035$8,194,767
52$8,324,881$7,538,054$7,315,271$8,877,352
53$9,113,379$7,846,779$7,499,693$9,618,773
54$9,980,394$8,168,722$7,688,383$10,430,868
55$10,933,874$8,504,469$7,881,424$11,320,695
56$11,982,577$8,854,636$8,078,899$12,296,025
57$13,136,151$9,219,864$8,280,893$13,365,417
58$14,405,228$9,600,826$8,487,492$14,538,298
59$15,801,519$9,998,225$8,698,781$15,825,052
60$17,337,931$10,412,796$8,914,848$17,237,114
61$19,028,685$10,845,307$9,135,779$18,787,082
62$20,889,446$11,296,563$9,361,664$20,488,834
63$22,937,481$11,767,406$9,592,591$22,357,654
64$25,191,810$12,258,715$9,828,649$24,410,381
65$27,673,394$12,771,411$10,069,928$26,665,565
66$30,405,329$13,306,458$10,316,519$29,143,641
67$33,413,062$13,864,864$10,568,512$31,867,121
68$36,724,635$14,447,683$10,825,997$34,860,805
69$40,370,946$15,056,019$11,089,067$38,152,017
70$44,386,045$15,691,025$11,357,813$41,770,859
71$48,807,447$16,353,911$11,632,325$45,750,497
72$53,676,493$17,045,940$11,912,695$50,127,470
73$59,038,739$17,768,435$12,199,014$54,942,034
74$64,944,383$18,522,780$12,491,373$60,238,547
75$71,448,738$19,310,425$12,789,862$66,065,876
76$78,612,759$20,132,885$13,094,572$72,477,868
77$86,503,611$20,991,747$13,405,591$79,533,849
78$95,195,309$21,888,673$13,723,008$87,299,189
79$104,769,414$22,825,400$14,046,912$95,845,912
80$115,315,798$23,803,749$14,377,388$105,253,380
81$126,933,501$24,825,624$14,714,521$115,609,037
82$139,731,657$25,893,019$15,058,397$127,009,235
83$153,830,530$27,008,020$15,409,097$139,560,142
84$169,362,644$28,172,814$15,766,702$153,378,740
85$186,474,038$29,389,686$16,131,291$168,593,933
86$205,325,642$30,661,032$16,502,941$185,347,759
87$226,094,793$31,989,359$16,881,725$203,796,728
88$248,976,914$33,377,290$17,267,716$224,113,301
89$274,187,357$34,827,574$17,660,981$246,487,514
90$301,963,430$36,343,088$18,061,587$271,128,771
91$332,566,645$37,926,845$18,469,596$298,267,819
92$366,285,181$39,581,999$18,885,065$328,158,924
93$403,436,605$41,311,852$19,308,050$361,082,269
94$444,370,870$43,119,864$19,738,601$397,346,599
95$489,473,617$45,009,656$20,176,763$437,292,130
96$539,169,818$46,985,020$20,622,576$481,293,762
97$593,927,782$49,049,929$21,076,075$529,764,612
98$654,263,583$51,208,542$21,537,290$583,159,917
99$720,745,922$53,465,215$22,006,243$641,981,324
100$794,001,505$55,824,509$22,482,951$706,781,624