Can I retire at age 51 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$776,243$769,329$762,583$755,999$749,569$729,968
2 years$384,279$377,122$370,186$363,461$356,938$337,323
3 years$253,641$246,453$239,535$232,873$226,456$207,442
4 years$188,335$181,169$174,320$167,772$161,510$143,243
5 years$149,162$142,039$135,279$128,865$122,778$105,308
6 years$123,055$115,985$109,326$103,054$97,150$80,495
7 years$104,414$97,404$90,850$84,727$79,009$63,169
8 years$90,440$83,494$77,048$71,075$65,545$50,514
9 years$79,577$72,696$66,362$60,540$55,199$40,961
10 years$70,892$64,078$57,856$52,186$47,032$33,572
11 years$63,790$57,045$50,935$45,418$40,449$27,745
12 years$57,876$51,201$45,204$39,837$35,052$23,083
13 years$52,876$46,270$40,386$35,170$30,566$19,306
14 years$48,594$42,058$36,287$31,220$26,794$16,217
15 years$44,887$38,421$32,763$27,843$23,592$13,672
16 years$41,646$35,251$29,704$24,930$20,850$11,559
17 years$38,789$32,465$27,030$22,400$18,487$9,797
18 years$36,252$29,999$24,675$20,187$16,438$8,321
19 years$33,985$27,802$22,588$18,240$14,652$7,079
20 years$31,948$25,835$20,730$16,520$13,087$6,032
21 years$30,106$24,065$19,068$14,993$11,712$5,145
22 years$28,435$22,463$17,574$13,632$10,498$4,394
23 years$26,911$21,010$16,227$12,415$9,423$3,755
24 years$25,516$19,685$15,007$11,323$8,470$3,212
25 years$24,235$18,473$13,899$10,341$7,622$2,749
26 years$23,054$17,362$12,891$9,455$6,865$2,354
27 years$21,962$16,339$11,970$8,655$6,190$2,017
28 years$20,951$15,397$11,128$7,930$5,585$1,729
29 years$20,010$14,525$10,356$7,272$5,043$1,482
30 years$19,134$13,717$9,646$6,674$4,557$1,271
31 years$18,317$12,967$8,993$6,129$4,120$1,090
32 years$17,551$12,270$8,390$5,633$3,727$935
33 years$16,834$11,620$7,834$5,180$3,373$803
34 years$16,160$11,013$7,320$4,766$3,054$689
35 years$15,527$10,445$6,843$4,387$2,766$591
36 years$14,929$9,914$6,402$4,041$2,506$508
37 years$14,366$9,416$5,992$3,723$2,271$436
38 years$13,833$8,949$5,611$3,431$2,059$374
39 years$13,329$8,509$5,257$3,164$1,867$321
40 years$12,851$8,096$4,927$2,918$1,694$276
41 years$12,398$7,707$4,620$2,692$1,536$237
42 years$11,968$7,340$4,334$2,485$1,394$204
43 years$11,558$6,993$4,067$2,294$1,265$175
44 years$11,169$6,666$3,818$2,118$1,149$150
45 years$10,797$6,357$3,585$1,956$1,043$129
46 years$10,443$6,064$3,367$1,807$947$111
47 years$10,105$5,787$3,163$1,669$860$95
48 years$9,782$5,524$2,972$1,542$781$82
49 years$9,473$5,275$2,794$1,425$709$70
50 years$9,178$5,039$2,627$1,318$644$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $9,400,000, adding $2,668 every year, while hoping to spend $54,735 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: 57/32/11 Blend
50$9,400,000$9,400,000$9,400,000$9,400,000
51$10,361,552$9,863,352$9,717,652$10,923,973
52$11,360,193$10,288,419$9,984,956$11,729,061
53$12,458,860$10,732,479$10,259,380$12,599,581
54$13,667,700$11,196,406$10,541,105$13,546,807
55$14,997,889$11,681,114$10,830,315$14,578,088
56$16,461,744$12,187,559$11,127,201$15,701,505
57$18,072,835$12,716,743$11,431,956$16,925,940
58$19,846,116$13,269,715$11,744,778$18,261,159
59$21,798,061$13,847,572$12,065,870$19,717,904
60$23,946,826$14,451,466$12,395,439$21,307,988
61$26,312,414$15,082,599$12,733,697$23,044,404
62$28,916,866$15,742,233$13,080,863$24,941,446
63$31,784,471$16,431,687$13,437,156$27,014,838
64$34,941,992$17,152,344$13,802,805$29,281,882
65$38,418,918$17,905,651$14,178,042$31,761,614
66$42,247,744$18,693,125$14,563,104$34,474,981
67$46,464,280$19,516,354$14,958,233$37,445,036
68$51,107,980$20,376,999$15,363,678$40,697,151
69$56,222,325$21,276,803$15,779,692$44,259,251
70$61,855,226$22,217,590$16,206,535$48,162,070
71$68,059,476$23,201,269$16,644,471$52,439,444
72$74,893,252$24,229,841$17,093,770$57,128,619
73$82,420,663$25,305,402$17,554,711$62,270,597
74$90,712,351$26,430,147$18,027,574$67,910,523
75$99,846,161$27,606,375$18,512,648$74,098,098
76$109,907,877$28,836,495$19,010,229$80,888,048
77$120,992,026$30,123,028$19,520,617$88,340,632
78$133,202,775$31,468,619$20,044,120$96,522,202
79$146,654,911$32,876,035$20,581,052$105,505,828
80$161,474,927$34,348,175$21,131,732$115,371,974
81$177,802,213$35,888,079$21,696,488$126,209,253
82$195,790,373$37,498,929$22,275,655$138,115,258
83$215,608,673$39,184,059$22,869,572$151,197,470
84$237,443,643$40,946,963$23,478,587$165,574,266
85$261,500,829$42,791,299$24,103,055$181,376,031
86$288,006,744$44,720,903$24,743,338$198,746,372
87$317,210,997$46,739,792$25,399,804$217,843,470
88$349,388,651$48,852,175$26,072,830$238,841,561
89$384,842,824$51,062,461$26,762,800$261,932,567
90$423,907,542$53,375,272$27,470,104$287,327,902
91$466,950,901$55,795,450$28,195,142$315,260,450
92$514,378,533$58,328,067$28,938,319$345,986,756
93$566,637,441$60,978,440$29,700,051$379,789,433
94$624,220,214$63,752,138$30,480,757$416,979,813
95$687,669,682$66,654,999$31,280,868$457,900,878
96$757,584,034$69,693,138$32,100,822$502,930,477
97$834,622,470$72,872,966$32,941,063$552,484,884
98$919,511,419$76,201,199$33,802,046$607,022,705
99$1,013,051,401$79,684,874$34,684,232$667,049,193
100$1,116,124,580$83,331,370$35,588,090$733,121,001