Can I retire at age 51 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$767,985$761,144$754,470$747,956$741,595$713,298
2 years$380,191$373,110$366,248$359,594$353,141$324,965
3 years$250,943$243,832$236,987$230,396$224,047$196,879
4 years$186,331$179,242$172,466$165,987$159,792$133,839
5 years$147,575$140,528$133,840$127,494$121,471$96,800
6 years$121,745$114,752$108,163$101,958$96,116$72,743
7 years$103,303$96,368$89,884$83,825$78,168$56,087
8 years$89,478$82,605$76,229$70,319$64,848$44,037
9 years$78,730$71,923$65,656$59,896$54,611$35,041
10 years$70,137$63,396$57,240$51,631$46,532$28,165
11 years$63,111$56,438$50,393$44,934$40,019$22,815
12 years$57,261$50,656$44,723$39,414$34,679$18,594
13 years$52,314$45,778$39,957$34,796$30,241$15,228
14 years$48,077$41,611$35,901$30,888$26,509$12,519
15 years$44,409$38,012$32,414$27,547$23,341$10,325
16 years$41,203$34,876$29,388$24,665$20,629$8,537
17 years$38,376$32,119$26,742$22,162$18,291$7,073
18 years$35,867$29,680$24,412$19,972$16,263$5,870
19 years$33,624$27,507$22,348$18,046$14,496$4,879
20 years$31,608$25,561$20,510$16,344$12,948$4,059
21 years$29,786$23,809$18,865$14,834$11,587$3,381
22 years$28,132$22,225$17,387$13,487$10,386$2,818
23 years$26,625$20,786$16,054$12,283$9,323$2,350
24 years$25,245$19,475$14,847$11,203$8,380$1,961
25 years$23,977$18,277$13,752$10,231$7,541$1,638
26 years$22,809$17,177$12,754$9,355$6,792$1,368
27 years$21,729$16,166$11,843$8,563$6,124$1,143
28 years$20,728$15,233$11,010$7,845$5,526$955
29 years$19,797$14,370$10,245$7,194$4,990$798
30 years$18,931$13,571$9,543$6,603$4,508$667
31 years$18,122$12,829$8,897$6,064$4,076$558
32 years$17,365$12,139$8,301$5,573$3,687$467
33 years$16,655$11,496$7,751$5,125$3,337$390
34 years$15,988$10,896$7,242$4,715$3,021$326
35 years$15,361$10,334$6,771$4,341$2,736$273
36 years$14,771$9,809$6,334$3,998$2,479$228
37 years$14,213$9,316$5,928$3,683$2,247$191
38 years$13,686$8,854$5,551$3,395$2,037$160
39 years$13,187$8,419$5,201$3,130$1,847$134
40 years$12,715$8,010$4,875$2,887$1,676$112
41 years$12,266$7,625$4,571$2,664$1,520$94
42 years$11,840$7,261$4,288$2,458$1,379$78
43 years$11,435$6,919$4,024$2,269$1,252$66
44 years$11,050$6,595$3,777$2,095$1,136$55
45 years$10,682$6,289$3,546$1,935$1,032$46
46 years$10,332$5,999$3,331$1,788$937$38
47 years$9,998$5,725$3,129$1,651$850$32
48 years$9,678$5,466$2,941$1,526$772$27
49 years$9,372$5,219$2,764$1,410$701$23
50 years$9,080$4,986$2,599$1,304$637$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $9,300,000, adding $6,270 every year, while hoping to spend $23,889 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: 47/43/10 Blend
50$9,300,000$9,300,000$9,300,000$9,300,000
51$10,255,068$9,762,168$9,618,018$10,708,485
52$11,275,667$10,215,096$9,914,803$11,474,376
53$12,399,566$10,689,417$10,220,731$12,302,117
54$13,637,278$11,186,155$10,536,081$13,199,891
55$15,000,384$11,706,380$10,861,144$14,174,213
56$16,501,648$12,251,218$11,196,217$15,232,232
57$18,155,135$12,821,846$11,541,609$16,381,794
58$19,976,343$13,419,500$11,897,637$17,631,517
59$21,982,349$14,045,475$12,264,627$18,990,865
60$24,191,973$14,701,128$12,642,917$20,470,231
61$26,625,953$15,387,882$13,032,853$22,081,035
62$29,307,140$16,107,228$13,434,793$23,835,821
63$32,260,717$16,860,730$13,849,107$25,748,377
64$35,514,432$17,650,028$14,276,174$27,833,854
65$39,098,864$18,476,840$14,716,386$30,108,905
66$43,047,710$19,342,967$15,170,147$32,591,837
67$47,398,103$20,250,299$15,637,873$35,302,778
68$52,190,961$21,200,814$16,119,993$38,263,860
69$57,471,375$22,196,590$16,616,949$41,499,418
70$63,289,034$23,239,803$17,129,197$45,036,217
71$69,698,696$24,332,734$17,657,205$48,903,697
72$76,760,700$25,477,775$18,201,458$53,134,238
73$84,541,540$26,677,434$18,762,456$57,763,463
74$93,114,490$27,934,341$19,340,710$62,830,563
75$102,560,296$29,251,252$19,936,753$68,378,659
76$112,967,941$30,631,058$20,551,128$74,455,197
77$124,435,480$32,076,789$21,184,400$81,112,391
78$137,070,969$33,591,622$21,837,148$88,407,699
79$150,993,486$35,178,889$22,509,970$96,404,362
80$166,334,249$36,842,082$23,203,482$105,171,981
81$183,237,862$38,584,863$23,918,318$114,787,172
82$201,863,675$40,411,073$24,655,133$125,334,266
83$222,387,291$42,324,737$25,414,601$136,906,102
84$245,002,222$44,330,076$26,197,418$149,604,883
85$269,921,716$46,431,517$27,004,298$163,543,130
86$297,380,770$48,633,701$27,835,981$178,844,727
87$327,638,349$50,941,493$28,693,228$195,646,077
88$360,979,831$53,359,996$29,576,821$214,097,369
89$397,719,698$55,894,561$30,487,569$234,363,985
90$438,204,510$58,550,796$31,426,305$256,628,037
91$482,816,171$61,334,586$32,393,887$281,090,073
92$531,975,537$64,252,098$33,391,199$307,970,943
93$586,146,390$67,309,799$34,419,153$337,513,871
94$645,839,815$70,514,472$35,478,687$369,986,725
95$711,619,024$73,873,229$36,570,771$405,684,523
96$784,104,673$77,393,526$37,696,401$444,932,195
97$863,980,725$81,083,184$38,856,606$488,087,625
98$952,000,902$84,950,403$40,052,445$535,545,005
99$1,048,995,802$89,003,781$41,285,010$587,738,528
100$1,155,880,743$93,252,335$42,555,426$645,146,456