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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.4%
1 years$767,985$761,144$754,470$747,956$741,595$716,423
2 years$380,191$373,110$366,248$359,594$353,141$328,033
3 years$250,943$243,832$236,987$230,396$224,047$199,791
4 years$186,331$179,242$172,466$165,987$159,792$136,575
5 years$147,575$140,528$133,840$127,494$121,471$99,353
6 years$121,745$114,752$108,163$101,958$96,116$75,115
7 years$103,303$96,368$89,884$83,825$78,168$58,281
8 years$89,478$82,605$76,229$70,319$64,848$46,059
9 years$78,730$71,923$65,656$59,896$54,611$36,898
10 years$70,137$63,396$57,240$51,631$46,532$29,865
11 years$63,111$56,438$50,393$44,934$40,019$24,366
12 years$57,261$50,656$44,723$39,414$34,679$20,004
13 years$52,314$45,778$39,957$34,796$30,241$16,506
14 years$48,077$41,611$35,901$30,888$26,509$13,675
15 years$44,409$38,012$32,414$27,547$23,341$11,367
16 years$41,203$34,876$29,388$24,665$20,629$9,473
17 years$38,376$32,119$26,742$22,162$18,291$7,913
18 years$35,867$29,680$24,412$19,972$16,263$6,621
19 years$33,624$27,507$22,348$18,046$14,496$5,549
20 years$31,608$25,561$20,510$16,344$12,948$4,656
21 years$29,786$23,809$18,865$14,834$11,587$3,911
22 years$28,132$22,225$17,387$13,487$10,386$3,288
23 years$26,625$20,786$16,054$12,283$9,323$2,766
24 years$25,245$19,475$14,847$11,203$8,380$2,329
25 years$23,977$18,277$13,752$10,231$7,541$1,962
26 years$22,809$17,177$12,754$9,355$6,792$1,653
27 years$21,729$16,166$11,843$8,563$6,124$1,393
28 years$20,728$15,233$11,010$7,845$5,526$1,175
29 years$19,797$14,370$10,245$7,194$4,990$991
30 years$18,931$13,571$9,543$6,603$4,508$836
31 years$18,122$12,829$8,897$6,064$4,076$705
32 years$17,365$12,139$8,301$5,573$3,687$595
33 years$16,655$11,496$7,751$5,125$3,337$502
34 years$15,988$10,896$7,242$4,715$3,021$424
35 years$15,361$10,334$6,771$4,341$2,736$358
36 years$14,771$9,809$6,334$3,998$2,479$302
37 years$14,213$9,316$5,928$3,683$2,247$255
38 years$13,686$8,854$5,551$3,395$2,037$215
39 years$13,187$8,419$5,201$3,130$1,847$182
40 years$12,715$8,010$4,875$2,887$1,676$154
41 years$12,266$7,625$4,571$2,664$1,520$130
42 years$11,840$7,261$4,288$2,458$1,379$110
43 years$11,435$6,919$4,024$2,269$1,252$93
44 years$11,050$6,595$3,777$2,095$1,136$78
45 years$10,682$6,289$3,546$1,935$1,032$66
46 years$10,332$5,999$3,331$1,788$937$56
47 years$9,998$5,725$3,129$1,651$850$47
48 years$9,678$5,466$2,941$1,526$772$40
49 years$9,372$5,219$2,764$1,410$701$34
50 years$9,080$4,986$2,599$1,304$637$28

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 $4,682 every year, while hoping to spend $46,803 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: 45/47/8 Blend
50$9,300,000$9,300,000$9,300,000$9,300,000
51$10,253,429$9,760,529$9,616,379$10,691,646
52$11,249,481$10,188,997$9,888,730$11,423,265
53$12,345,562$10,636,892$10,168,636$12,210,892
54$13,551,824$11,105,115$10,456,301$13,063,825
55$14,879,457$11,594,611$10,751,933$13,988,097
56$16,340,786$12,106,372$11,055,747$14,990,327
57$17,949,395$12,641,433$11,367,964$16,077,778
58$19,720,250$13,200,880$11,688,808$17,258,428
59$21,669,843$13,785,851$12,018,510$18,541,035
60$23,816,346$14,397,537$12,357,309$19,935,216
61$26,179,782$15,037,184$12,705,447$21,451,537
62$28,782,214$15,706,101$13,063,174$23,101,605
63$31,647,955$16,405,655$13,430,746$24,898,171
64$34,803,796$17,137,282$13,808,425$26,855,251
65$38,279,256$17,902,482$14,196,481$28,988,246
66$42,106,866$18,702,829$14,595,188$31,314,086
67$46,322,471$19,539,972$15,004,831$33,851,383
68$50,965,569$20,415,636$15,425,700$36,620,601
69$56,079,687$21,331,632$15,858,090$39,644,240
70$61,712,787$22,289,855$16,302,308$42,947,045
71$67,917,722$23,292,288$16,758,666$46,556,230
72$74,752,732$24,341,013$17,227,485$50,501,729
73$82,281,997$25,438,209$17,709,092$54,816,470
74$90,576,239$26,586,159$18,203,824$59,536,678
75$99,713,389$27,787,255$18,712,026$64,702,208
76$109,779,328$29,044,003$19,234,052$70,356,912
77$120,868,690$30,359,030$19,770,263$76,549,044
78$133,085,761$31,735,087$20,321,032$83,331,709
79$146,545,460$33,175,058$20,886,738$90,763,347
80$161,374,424$34,681,963$21,467,771$98,908,279
81$177,712,205$36,258,969$22,064,530$107,837,303
82$195,712,583$37,909,391$22,677,425$117,628,348
83$215,545,022$39,636,707$23,306,875$128,367,201
84$237,396,267$41,444,559$23,953,308$140,148,300
85$261,472,108$43,336,764$24,617,165$153,075,614
86$287,999,319$45,317,321$25,298,896$167,263,610
87$317,227,802$47,390,423$25,998,963$182,838,320
88$349,432,947$49,560,462$26,717,837$199,938,515
89$384,918,225$51,832,043$27,456,002$218,716,997
90$424,018,060$54,209,989$28,213,954$239,342,025
91$467,100,981$56,699,357$28,992,200$261,998,889
92$514,573,101$59,305,446$29,791,259$286,891,636
93$566,881,955$62,033,809$30,611,663$314,244,981
94$624,520,716$64,890,268$31,453,956$344,306,404
95$688,032,861$67,880,923$32,318,695$377,348,469
96$758,017,292$71,012,168$33,206,451$413,671,372
97$835,133,995$74,290,703$34,117,806$453,605,751
98$920,110,268$77,723,553$35,053,358$497,515,788
99$1,013,747,588$81,318,080$36,013,718$545,802,615
100$1,116,929,176$85,082,000$36,999,512$598,908,078