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

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$776,243$769,329$762,583$755,999$749,569$737,151
2 years$384,279$377,122$370,186$363,461$356,938$344,463
3 years$253,641$246,453$239,535$232,873$226,456$214,313
4 years$188,335$181,169$174,320$167,772$161,510$149,793
5 years$149,162$142,039$135,279$128,865$122,778$111,519
6 years$123,055$115,985$109,326$103,054$97,150$86,363
7 years$104,414$97,404$90,850$84,727$79,009$68,697
8 years$90,440$83,494$77,048$71,075$65,545$55,707
9 years$79,577$72,696$66,362$60,540$55,199$45,828
10 years$70,892$64,078$57,856$52,186$47,032$38,121
11 years$63,790$57,045$50,935$45,418$40,449$31,988
12 years$57,876$51,201$45,204$39,837$35,052$27,031
13 years$52,876$46,270$40,386$35,170$30,566$22,972
14 years$48,594$42,058$36,287$31,220$26,794$19,615
15 years$44,887$38,421$32,763$27,843$23,592$16,814
16 years$41,646$35,251$29,704$24,930$20,850$14,460
17 years$38,789$32,465$27,030$22,400$18,487$12,469
18 years$36,252$29,999$24,675$20,187$16,438$10,778
19 years$33,985$27,802$22,588$18,240$14,652$9,335
20 years$31,948$25,835$20,730$16,520$13,087$8,098
21 years$30,106$24,065$19,068$14,993$11,712$7,036
22 years$28,435$22,463$17,574$13,632$10,498$6,121
23 years$26,911$21,010$16,227$12,415$9,423$5,330
24 years$25,516$19,685$15,007$11,323$8,470$4,646
25 years$24,235$18,473$13,899$10,341$7,622$4,053
26 years$23,054$17,362$12,891$9,455$6,865$3,538
27 years$21,962$16,339$11,970$8,655$6,190$3,091
28 years$20,951$15,397$11,128$7,930$5,585$2,701
29 years$20,010$14,525$10,356$7,272$5,043$2,362
30 years$19,134$13,717$9,646$6,674$4,557$2,066
31 years$18,317$12,967$8,993$6,129$4,120$1,808
32 years$17,551$12,270$8,390$5,633$3,727$1,582
33 years$16,834$11,620$7,834$5,180$3,373$1,386
34 years$16,160$11,013$7,320$4,766$3,054$1,213
35 years$15,527$10,445$6,843$4,387$2,766$1,063
36 years$14,929$9,914$6,402$4,041$2,506$931
37 years$14,366$9,416$5,992$3,723$2,271$816
38 years$13,833$8,949$5,611$3,431$2,059$715
39 years$13,329$8,509$5,257$3,164$1,867$627
40 years$12,851$8,096$4,927$2,918$1,694$549
41 years$12,398$7,707$4,620$2,692$1,536$482
42 years$11,968$7,340$4,334$2,485$1,394$422
43 years$11,558$6,993$4,067$2,294$1,265$370
44 years$11,169$6,666$3,818$2,118$1,149$325
45 years$10,797$6,357$3,585$1,956$1,043$285
46 years$10,443$6,064$3,367$1,807$947$250
47 years$10,105$5,787$3,163$1,669$860$219
48 years$9,782$5,524$2,972$1,542$781$192
49 years$9,473$5,275$2,794$1,425$709$168
50 years$9,178$5,039$2,627$1,318$644$148

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 $6,590 every year, while hoping to spend $55,288 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: 77/15/8 Blend
50$9,400,000$9,400,000$9,400,000$9,400,000
51$10,365,598$9,867,398$9,721,698$11,151,447
52$11,364,063$10,292,074$9,988,548$12,093,383
53$12,462,518$10,735,707$10,262,486$13,118,085
54$13,671,104$11,199,166$10,543,689$14,239,963
55$15,000,995$11,683,363$10,832,340$15,468,658
56$16,464,501$12,189,252$11,128,628$16,814,780
57$18,075,186$12,717,832$11,432,743$18,290,013
58$19,847,998$13,270,148$11,744,883$19,907,221
59$21,799,404$13,847,296$12,065,247$21,680,567
60$23,947,552$14,450,422$12,394,041$23,625,647
61$26,312,436$15,080,726$12,731,475$25,759,633
62$28,916,088$15,739,466$13,077,764$28,101,437
63$31,782,786$16,427,957$13,433,126$30,671,884
64$34,939,281$17,147,577$13,797,786$33,493,909
65$38,415,050$17,899,771$14,171,974$36,592,772
66$42,242,574$18,686,049$14,555,924$39,996,290
67$46,457,645$19,507,993$14,949,876$43,735,105
68$51,099,703$20,367,263$15,354,075$47,842,963
69$56,212,206$21,265,593$15,768,770$52,357,036
70$61,843,046$22,204,802$16,194,219$57,318,267
71$68,044,993$23,186,793$16,630,682$62,771,758
72$74,876,198$24,213,562$17,078,425$68,767,186
73$82,400,741$25,287,197$17,537,723$75,359,278
74$90,689,233$26,409,886$18,008,853$82,608,317
75$99,819,485$27,583,920$18,492,100$90,580,715
76$109,877,241$28,811,701$18,987,754$99,349,630
77$120,956,987$30,095,742$19,496,111$108,995,659
78$133,162,844$31,438,678$20,017,475$119,607,590
79$146,609,548$32,843,267$20,552,155$131,283,244
80$161,423,535$34,312,400$21,100,465$144,130,386
81$177,744,133$35,849,105$21,662,727$158,267,745
82$195,724,877$37,456,553$22,239,271$173,826,129
83$215,534,958$39,138,068$22,830,430$190,949,655
84$237,360,820$40,897,130$23,436,547$209,797,104
85$261,407,922$42,737,388$24,057,969$230,543,418
86$287,902,672$44,662,661$24,695,052$253,381,345
87$317,094,566$46,676,954$25,348,159$278,523,255
88$349,258,548$48,784,460$26,017,658$306,203,136
89$384,697,596$50,989,575$26,703,926$336,678,802
90$423,745,589$53,296,903$27,407,346$370,234,321
91$466,770,457$55,711,268$28,128,309$407,182,684
92$514,177,649$58,237,726$28,867,213$447,868,764
93$566,413,968$60,881,573$29,624,464$492,672,557
94$623,971,783$63,648,360$30,400,473$542,012,765
95$687,393,678$66,543,903$31,195,662$596,350,743
96$757,277,575$69,574,296$32,010,459$656,194,847
97$834,282,376$72,745,925$32,845,297$722,105,224
98$919,134,185$76,065,482$33,700,622$794,699,091
99$1,012,633,161$79,539,980$34,576,882$874,656,558
100$1,115,661,073$83,176,769$35,474,537$962,727,033